West Lancs Paint & Varnish Co Limited

Key Facts

Net Assets

Current: £80,234

Previous: £111,245

Change: -31,011 (-27.9%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £499,196

Previous: £379,195

Change: +£120,001 (+31.6%)

Comment: Current assets increased significantly.

Cash

Current: £17

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £198,513

Previous: £65,415

Change: +£133,098 (+203.5%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £71,179

Previous: £49,605

Change: +£21,574 (+43.5%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £255,952

Previous: £170,135

Change: +£85,817 (+50.4%)

Comment: Fixed assets increased significantly.

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: 27

Previous: 37

Change: -10 (-27%)

Comment: A noticeable staff reduction.