Covesea Welding Limited

Key Facts

Net Assets

Current: £812

Previous: £10,236

Change: -9,424 (-92.1%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £14,876

Previous: £29,864

Change: -£14,988 (-50.2%)

Comment: Current assets fell significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £15,851

Previous: £21,638

Change: -£5,787 (-26.7%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £975

Previous: £8,226

Change: -£7,251 (-88.1%)

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

Fixed Assets

Current: £1,787

Previous: £2,010

Change: -£223 (-11.1%)

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: 2

Previous: Not reported

Comment: Not reported