Phillip Rees Welding Limited

Key Facts

Net Assets

Current: £638,567

Previous: £540,583

Change: +97,984 (+18.1%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £1,186,306

Previous: £532,103

Change: +£654,203 (+122.9%)

Comment: Current assets increased significantly.

Cash

Current: £567,711

Previous: £299,419

Change: +£268,292 (+89.6%)

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

Creditors 1 Year

Current: £547,739

Previous: £471,098

Change: +£76,641 (+16.3%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £638,567

Previous: £61,005

Change: +£577,562 (+946.7%)

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

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: 10

Previous: 12

Change: -2 (-16.7%)

Comment: A noticeable staff reduction.