Pioneer Welding Company 2002 Limited

Key Facts

Net Assets

Current: £2,624,986

Previous: £2,365,866

Change: +259,120 (+11%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £2,790,693

Previous: £2,680,656

Change: +£110,037 (+4.1%)

Comment: Current assets increased slightly.

Cash

Current: £1,234,628

Previous: £923,843

Change: +£310,785 (+33.6%)

Comment: Cash increased significantly, improving short‑term liquidity.

Creditors 1 Year

Current: £518,913

Previous: £708,888

Change: -£189,975 (-26.8%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £2,271,780

Previous: £1,971,768

Change: +£300,012 (+15.2%)

Comment: Net current assets strengthened moderately.

Fixed Assets

Current: £383,959

Previous: £424,851

Change: -£40,892 (-9.6%)

Comment: Fixed assets decreased slightly.

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: 43

Previous: 41

Change: +2 (+4.9%)

Comment: Slight growth.