Olds Welding Ltd

Key Facts

Net Assets

Current: £65,875

Previous: £54,224

Change: +11,651 (+21.5%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £145,503

Previous: £162,228

Change: -£16,725 (-10.3%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £110,556

Previous: £137,789

Change: -£27,233 (-19.8%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £36,778

Previous: £26,271

Change: +£10,507 (+40%)

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

Fixed Assets

Current: £32,217

Previous: £32,720

Change: -£503 (-1.5%)

Comment: Fixed assets decreased 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: 3

Previous: 3

Change: +0 (+0%)

Comment: No change in team size.