Precision Welding Systems Ltd

Key Facts

Net Assets

Current: £49,419

Previous: £61,286

Change: -11,867 (-19.4%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £78,192

Previous: £115,988

Change: -£37,796 (-32.6%)

Comment: Current assets fell significantly.

Cash

Current: £49,431

Previous: £100,462

Change: -£51,031 (-50.8%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £34,042

Previous: £59,235

Change: -£25,193 (-42.5%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £44,150

Previous: £56,753

Change: -£12,603 (-22.2%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £5,269

Previous: £4,533

Change: +£736 (+16.2%)

Comment: Fixed assets grew steadily.

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.