Mg Flooring Contractors Limited

Key Facts

Net Assets

Current: £94,677

Previous: £61,954

Change: +32,723 (+52.8%)

Comment: Strong increase in net assets and liabilities.

Current Assets

Current: £161,743

Previous: £182,469

Change: -£20,726 (-11.4%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £92,560

Previous: £154,507

Change: -£61,947 (-40.1%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £69,183

Previous: £27,962

Change: +£41,221 (+147.4%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £25,494

Previous: £33,992

Change: -£8,498 (-25%)

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.