Norwich Scrap Metals Ltd

Key Facts

Net Assets

Current: £1,303,705

Previous: £870,305

Change: +433,400 (+49.8%)

Comment: Strong increase in net assets and liabilities.

Current Assets

Current: £1,500,548

Previous: £1,203,288

Change: +£297,260 (+24.7%)

Comment: Current assets grew moderately.

Cash

Current: £1,056,048

Previous: £961,288

Change: +£94,760 (+9.9%)

Comment: Cash increased slightly.

Creditors 1 Year

Current: £551,359

Previous: £776,128

Change: -£224,769 (-29%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £949,189

Previous: £427,160

Change: +£522,029 (+122.2%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £354,516

Previous: £443,145

Change: -£88,629 (-20%)

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.