G Fab Welding And Fabrication Ltd

Key Facts

Net Assets

Current: £10,649

Previous: £38,250

Change: -27,601 (-72.2%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £55,273

Previous: £73,080

Change: -£17,807 (-24.4%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £59,971

Previous: £3,297

Change: +£56,674 (+1719%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £4,698

Previous: £22,918

Change: -£18,220 (-79.5%)

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

Fixed Assets

Current: £20,127

Previous: £25,159

Change: -£5,032 (-20%)

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: 4

Previous: 4

Change: +0 (+0%)

Comment: No change in team size.