Tubeweld Engineering Limited

Key Facts

Net Assets

Current: £1,536

Previous: £57,648

Change: -56,112 (-97.3%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £1,630

Previous: £60,915

Change: -£59,285 (-97.3%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £94

Previous: £1,466

Change: -£1,372 (-93.6%)

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

Net Current Assets Liabilities

Current: £1,536

Previous: £59,449

Change: -£57,913 (-97.4%)

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

Fixed Assets

Current: £1,049

Previous: Not reported

Comment: Not reported

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: Not reported

Previous: Not reported

Comment: Not reported