Mgs Glass Partitioning Ltd

Key Facts

Net Assets

Current: £22,385

Previous: £38,312

Change: -15,927 (-41.6%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £26,300

Previous: £40,492

Change: -£14,192 (-35%)

Comment: Current assets fell significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £8,015

Previous: £5,780

Change: +£2,235 (+38.7%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £18,285

Previous: £34,712

Change: -£16,427 (-47.3%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £4,100

Previous: £3,600

Change: +£500 (+13.9%)

Comment: Fixed assets grew steadily.

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.