Mg Electric Colchester Limited

Key Facts

Net Assets

Current: £1,510,342

Previous: £1,794,442

Change: -284,100 (-15.8%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £1,374,749

Previous: £1,651,498

Change: -£276,749 (-16.8%)

Comment: Current assets reduced noticeably.

Cash

Current: £141,396

Previous: £180,655

Change: -£39,259 (-21.7%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £620,693

Previous: £553,644

Change: +£67,049 (+12.1%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £754,056

Previous: £1,097,854

Change: -£343,798 (-31.3%)

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

Fixed Assets

Current: £790,767

Previous: £737,661

Change: +£53,106 (+7.2%)

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: 14

Previous: 14

Change: +0 (+0%)

Comment: No meaningful change.