Magowans London Limited

Key Facts

Net Assets

Current: £576

Previous: £262

Change: +314 (+119.8%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £47,298

Previous: £59,690

Change: -£12,392 (-20.8%)

Comment: Current assets reduced noticeably.

Cash

Current: £19,144

Previous: £26,230

Change: -£7,086 (-27%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £47,309

Previous: £58,654

Change: -£11,345 (-19.3%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £11

Previous: £1,036

Change: -£1,025 (-98.9%)

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

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: 2

Previous: 3

Change: -1 (-33.3%)

Comment: Lost a team member.