The Welding Corner Limited

Key Facts

Net Assets

Current: £2,003

Previous: £7,138

Change: -5,135 (-71.9%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £4,782

Previous: £2,580

Change: +£2,202 (+85.3%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £3,018

Previous: £9,998

Change: -£6,980 (-69.8%)

Comment: Short‑term creditors dropped sharply, improving the company's short‑term position.

Net Current Assets Liabilities

Current: £1,764

Previous: £7,418

Change: -£5,654 (-76.2%)

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

Fixed Assets

Current: £238

Previous: £279

Change: -£41 (-14.7%)

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: Not reported

Comment: Not reported