Wallace Electrical Cornwall Ltd

Key Facts

Net Assets

Current: £3,894

Previous: £12,969

Change: -9,075 (-70%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £9,443

Previous: £22,367

Change: -£12,924 (-57.8%)

Comment: Current assets fell significantly.

Cash

Current: £3,327

Previous: £9,325

Change: -£5,998 (-64.3%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £9,212

Previous: £13,880

Change: -£4,668 (-33.6%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £231

Previous: £8,487

Change: -£8,256 (-97.3%)

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

Fixed Assets

Current: £4,522

Previous: £5,534

Change: -£1,012 (-18.3%)

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.