The Glasgow Law Practice Ltd

Key Facts

Net Assets

Current: £150,647

Previous: £158,191

Change: -7,544 (-4.8%)

Comment: Slight decline in net assets and liabilities.

Current Assets

Current: £526,978

Previous: £467,653

Change: +£59,325 (+12.7%)

Comment: Current assets grew moderately.

Cash

Current: £190,950

Previous: £248,243

Change: -£57,293 (-23.1%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £311,960

Previous: £328,005

Change: -£16,045 (-4.9%)

Comment: Short‑term creditors decreased slightly.

Net Current Assets Liabilities

Current: £215,018

Previous: £139,648

Change: +£75,370 (+54%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £31,792

Previous: £42,543

Change: -£10,751 (-25.3%)

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: 41

Previous: 29

Change: +12 (+41.4%)

Comment: Strong expansion.