Mg Electrical Services Notts Ltd

Key Facts

Net Assets

Current: £173,280

Previous: £197,000

Change: -23,720 (-12%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £220,778

Previous: £291,123

Change: -£70,345 (-24.2%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £24,584

Previous: £29,584

Change: -£5,000 (-16.9%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £161,666

Previous: £172,333

Change: -£10,667 (-6.2%)

Comment: Net current assets decreased slightly.

Fixed Assets

Current: £36,198

Previous: £54,251

Change: -£18,053 (-33.3%)

Comment: Fixed assets fell significantly.

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.