Tim Morgan Flooring Limited

Key Facts

Net Assets

Current: £15,011

Previous: £21,427

Change: -6,416 (-29.9%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £111,234

Previous: £115,012

Change: -£3,778 (-3.3%)

Comment: Current assets decreased slightly.

Cash

Current: £214

Previous: £21,912

Change: -£21,698 (-99%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £98,498

Previous: £98,580

Change: -£82 (-0.1%)

Comment: Short‑term creditors decreased slightly.

Net Current Assets Liabilities

Current: £12,736

Previous: £16,432

Change: -£3,696 (-22.5%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £6,853

Previous: £8,720

Change: -£1,867 (-21.4%)

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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.