Phillips Precision Plastering Limited

Key Facts

Net Assets

Current: £429

Previous: £3,790

Change: -3,361 (-88.7%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £24,244

Previous: £5,503

Change: +£18,741 (+340.6%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £24,605

Previous: £2,983

Change: +£21,622 (+724.8%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £361

Previous: £2,520

Change: -£2,159 (-85.7%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: £1,440

Previous: £1,920

Change: -£480 (-25%)

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.