Mgc Welding Limited

Key Facts

Net Assets

Current: £63,792

Previous: £37,887

Change: +25,905 (+68.4%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £190,044

Previous: £184,756

Change: +£5,288 (+2.9%)

Comment: Current assets increased slightly.

Cash

Current: £38,020

Previous: £38,698

Change: -£678 (-1.8%)

Comment: Cash decreased slightly.

Creditors 1 Year

Current: £154,953

Previous: £179,612

Change: -£24,659 (-13.7%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £35,091

Previous: £5,144

Change: +£29,947 (+582.2%)

Comment: Net current assets rose sharply, indicating a strong improvement 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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.