M G T Painting And Decorating Ltd

Key Facts

Net Assets

Current: £660

Previous: £1,763

Change: -1,103 (-62.6%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £21,124

Previous: £46,741

Change: -£25,617 (-54.8%)

Comment: Current assets fell significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £27,113

Previous: £54,338

Change: -£27,225 (-50.1%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £5,989

Previous: £7,597

Change: -£1,608 (-21.2%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £6,649

Previous: £9,360

Change: -£2,711 (-29%)

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: 3

Previous: 2

Change: +1 (+50%)

Comment: Added a helper.