Innovation Plumbing & Heating Ltd

Key Facts

Net Assets

Current: £3,117

Previous: £8,963

Change: -5,846 (-65.2%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £12,525

Previous: £18,876

Change: -£6,351 (-33.6%)

Comment: Current assets fell significantly.

Cash

Current: £6,050

Previous: £13,003

Change: -£6,953 (-53.5%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £20,315

Previous: £21,611

Change: -£1,296 (-6%)

Comment: Short‑term creditors decreased slightly.

Net Current Assets Liabilities

Current: £7,790

Previous: £2,735

Change: +£5,055 (+184.8%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £11,259

Previous: £12,189

Change: -£930 (-7.6%)

Comment: Fixed assets decreased slightly.

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 2

Previous: 1

Change: +1 (+100%)

Comment: Added a helper.