Passey Plumbing & Heating Ltd

Key Facts

Net Assets

Current: £20,052

Previous: £60,298

Change: -40,246 (-66.7%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £63,734

Previous: £38,633

Change: +£25,101 (+65%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £5,834

Previous: £19,321

Change: -£13,487 (-69.8%)

Comment: Short‑term creditors dropped sharply, improving the company's short‑term position.

Net Current Assets Liabilities

Current: £10,643

Previous: £62,140

Change: -£51,497 (-82.9%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: £15,243

Previous: £19,979

Change: -£4,736 (-23.7%)

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: 4

Previous: 4

Change: +0 (+0%)

Comment: No change in team size.