Independent Welding Services Limited

Key Facts

Net Assets

Current: £234,402

Previous: £282,164

Change: -47,762 (-16.9%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £205,228

Previous: £287,184

Change: -£81,956 (-28.5%)

Comment: Current assets reduced noticeably.

Cash

Current: £9,616

Previous: £29,191

Change: -£19,575 (-67.1%)

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

Creditors 1 Year

Current: £214,444

Previous: £229,080

Change: -£14,636 (-6.4%)

Comment: Short‑term creditors decreased slightly.

Net Current Assets Liabilities

Current: £9,216

Previous: £58,104

Change: -£48,888 (-84.1%)

Comment: Net current assets dropped sharply, indicating a major decline 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: 5

Previous: 5

Change: +0 (+0%)

Comment: No change in team size.