Payne039s Welding Ltd

Key Facts

Net Assets

Current: £79,670

Previous: £65,586

Change: +14,084 (+21.5%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £98,211

Previous: £92,898

Change: +£5,313 (+5.7%)

Comment: Current assets increased slightly.

Cash

Current: £12,449

Previous: £4,374

Change: +£8,075 (+184.6%)

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

Creditors 1 Year

Current: £42,614

Previous: £49,441

Change: -£6,827 (-13.8%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £55,597

Previous: £43,457

Change: +£12,140 (+27.9%)

Comment: Net current assets strengthened moderately.

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

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.