Olympic Welding Limited

Key Facts

Net Assets

Current: £505,909

Previous: £492,173

Change: +13,736 (+2.8%)

Comment: Slight improvement in net assets and liabilities.

Current Assets

Current: £650,203

Previous: £765,033

Change: -£114,830 (-15%)

Comment: Current assets reduced noticeably.

Cash

Current: £386

Previous: £386

Change: +£0 (+0%)

Comment: No change in cash reserves.

Creditors 1 Year

Current: £185,377

Previous: £338,664

Change: -£153,287 (-45.3%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £464,826

Previous: £426,369

Change: +£38,457 (+9%)

Comment: Net current assets improved slightly.

Fixed Assets

Current: £64,351

Previous: £92,907

Change: -£28,556 (-30.7%)

Comment: Fixed assets fell significantly.

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: 20

Previous: 20

Change: +0 (+0%)

Comment: No meaningful change.