M Richards Building & Roofing Ltd

Key Facts

Net Assets

Current: £7,691

Previous: £23,699

Change: -16,008 (-67.5%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £29,000

Previous: £46,963

Change: -£17,963 (-38.2%)

Comment: Current assets fell significantly.

Cash

Current: £19,000

Previous: £28,505

Change: -£9,505 (-33.3%)

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

Creditors 1 Year

Current: £23,096

Previous: £25,777

Change: -£2,681 (-10.4%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £5,904

Previous: £21,186

Change: -£15,282 (-72.1%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: £2,206

Previous: £3,102

Change: -£896 (-28.9%)

Comment: Fixed assets reduced noticeably.

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: 2

Change: -1 (-50%)

Comment: Lost a team member.