2 Much Passion Cic

Key Facts

Net Assets

Current: £5,367

Previous: £12,680

Change: -7,313 (-57.7%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £52,922

Previous: £8,524

Change: +£44,398 (+520.9%)

Comment: Current assets increased significantly.

Cash

Current: £2,722

Previous: £8,524

Change: -£5,802 (-68.1%)

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

Creditors 1 Year

Current: £59,605

Previous: £39,144

Change: +£20,461 (+52.3%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £6,683

Previous: £30,620

Change: -£23,937 (-78.2%)

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

Fixed Assets

Current: £12,050

Previous: £17,940

Change: -£5,890 (-32.8%)

Comment: Fixed assets fell 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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.