Watts Electrical Engineering Ltd

Key Facts

Net Assets

Current: £40,764

Previous: £29,880

Change: +10,884 (+36.4%)

Comment: Strong increase in net assets and liabilities.

Current Assets

Current: £9,549

Previous: £11,006

Change: -£1,457 (-13.2%)

Comment: Current assets reduced noticeably.

Cash

Current: £2,040

Previous: £1,455

Change: +£585 (+40.2%)

Comment: Cash increased significantly, improving short‑term liquidity.

Creditors 1 Year

Current: £38,509

Previous: £32,772

Change: +£5,737 (+17.5%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £6,249

Previous: £3,298

Change: +£2,951 (+89.5%)

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

Fixed Assets

Current: Not reported

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: 4

Previous: 3

Change: +1 (+33.3%)

Comment: Added a helper.