Lincs Painting & Decorating Ltd

Key Facts

Net Assets

Current: £4,218

Previous: £7,875

Change: -3,657 (-46.4%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £21,759

Previous: £28,007

Change: -£6,248 (-22.3%)

Comment: Current assets reduced noticeably.

Cash

Current: £3,161

Previous: £9,022

Change: -£5,861 (-65%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £15,002

Previous: £23,422

Change: -£8,420 (-35.9%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £6,757

Previous: £4,585

Change: +£2,172 (+47.4%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.