Innovate Plumbing And Heating Ltd

Key Facts

Net Assets

Current: £32,307

Previous: £32,996

Change: -689 (-2.1%)

Comment: Slight decline in net assets and liabilities.

Current Assets

Current: £41,637

Previous: £57,505

Change: -£15,868 (-27.6%)

Comment: Current assets reduced noticeably.

Cash

Current: £36,086

Previous: £51,023

Change: -£14,937 (-29.3%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £34,327

Previous: £26,048

Change: +£8,279 (+31.8%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £7,310

Previous: £31,457

Change: -£24,147 (-76.8%)

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

Fixed Assets

Current: £24,997

Previous: £1,539

Change: +£23,458 (+1524.2%)

Comment: Fixed assets increased significantly.

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.