Reads Plumbing & Heating Ltd

Key Facts

Net Assets

Current: £995

Previous: £455

Change: +540 (+118.7%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £7,178

Previous: £8,787

Change: -£1,609 (-18.3%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £4,544

Previous: £10,688

Change: -£6,144 (-57.5%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £10,838

Previous: £5,635

Change: +£5,203 (+92.3%)

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

Fixed Assets

Current: £17,772

Previous: £18,173

Change: -£401 (-2.2%)

Comment: Fixed assets decreased slightly.

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.