M Pace Painters & Decorators Limited

Key Facts

Net Assets

Current: £4,510

Previous: £24,376

Change: -19,866 (-81.5%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £32,960

Previous: £34,651

Change: -£1,691 (-4.9%)

Comment: Current assets decreased slightly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £30,201

Previous: £205

Change: +£29,996 (+14632.2%)

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

Net Current Assets Liabilities

Current: £32,960

Previous: £22,392

Change: +£10,568 (+47.2%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £1,751

Previous: £2,189

Change: -£438 (-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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.