Loc Electrics Cardiff Ltd

Key Facts

Net Assets

Current: £399

Previous: £1,330

Change: -931 (-70%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £38,156

Previous: £38,609

Change: -£453 (-1.2%)

Comment: Current assets decreased slightly.

Cash

Current: £16,056

Previous: £7,629

Change: +£8,427 (+110.5%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £15,879

Previous: £12,151

Change: +£3,728 (+30.7%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £605

Previous: £895

Change: -£290 (-32.4%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £15,673

Previous: £14,376

Change: +£1,297 (+9%)

Comment: Fixed assets increased 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: 4

Change: -2 (-50%)

Comment: Trimmed the team by 2 people.