Motorworx Garage Glasgow Ltd

Key Facts

Net Assets

Current: £23,381

Previous: £23,079

Change: +302 (+1.3%)

Comment: Slight improvement in net assets and liabilities.

Current Assets

Current: £42,939

Previous: £13,494

Change: +£29,445 (+218.2%)

Comment: Current assets increased significantly.

Cash

Current: £31,891

Previous: £8,491

Change: +£23,400 (+275.6%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £46,601

Previous: £21,221

Change: +£25,380 (+119.6%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £3,662

Previous: £7,727

Change: -£4,065 (-52.6%)

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

Fixed Assets

Current: £27,043

Previous: £30,806

Change: -£3,763 (-12.2%)

Comment: Fixed assets reduced noticeably.

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: 3

Previous: 3

Change: +0 (+0%)

Comment: No change in team size.