44ad Artspace Cic

Key Facts

Net Assets

Current: £805

Previous: £13,713

Change: -12,908 (-94.1%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £7,437

Previous: £16,192

Change: -£8,755 (-54.1%)

Comment: Current assets fell significantly.

Cash

Current: £7,437

Previous: £10,121

Change: -£2,684 (-26.5%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £8,242

Previous: £29,905

Change: -£21,663 (-72.4%)

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

Net Current Assets Liabilities

Current: £805

Previous: £13,713

Change: -£12,908 (-94.1%)

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

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

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: 1

Previous: Not reported

Comment: Not reported