Michael Elliott Plumbing Ltd

Key Facts

Net Assets

Current: £9,617

Previous: £8,966

Change: +651 (+7.3%)

Comment: Slight improvement in net assets and liabilities.

Current Assets

Current: £5,781

Previous: £5,927

Change: -£146 (-2.5%)

Comment: Current assets decreased slightly.

Cash

Current: £2,451

Previous: £3,833

Change: -£1,382 (-36.1%)

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

Creditors 1 Year

Current: £4,370

Previous: £4,970

Change: -£600 (-12.1%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £1,411

Previous: £957

Change: +£454 (+47.4%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £8,206

Previous: £8,009

Change: +£197 (+2.5%)

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: 2

Previous: 3

Change: -1 (-33.3%)

Comment: Lost a team member.