Mechelec Fareham Limited

Key Facts

Net Assets

Current: £54,553

Previous: £86,241

Change: -31,688 (-36.7%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £44,273

Previous: £160,978

Change: -£116,705 (-72.5%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £98,826

Previous: £223,428

Change: -£124,602 (-55.8%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £54,553

Previous: £62,450

Change: -£7,897 (-12.6%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £148,691

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: 9

Previous: 11

Change: -2 (-18.2%)

Comment: A noticeable staff reduction.