Welding Centre Limited

Key Facts

Net Assets

Current: £22,654

Previous: £22,608

Change: +46 (+0.2%)

Comment: Slight improvement in net assets and liabilities.

Current Assets

Current: £571,751

Previous: £540,389

Change: +£31,362 (+5.8%)

Comment: Current assets increased slightly.

Cash

Current: £155,177

Previous: £81,612

Change: +£73,565 (+90.1%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £18,288

Previous: £221,667

Change: -£203,379 (-91.7%)

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

Net Current Assets Liabilities

Current: £4,670

Previous: £186,491

Change: -£181,821 (-97.5%)

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

Fixed Assets

Current: £59,226

Previous: £77,047

Change: -£17,821 (-23.1%)

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: 5

Previous: 5

Change: +0 (+0%)

Comment: No change in team size.