Ace Towbars Limited

Key Facts

Net Assets

Current: £7,044

Previous: £30,945

Change: -23,901 (-77.2%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £34,407

Previous: £48,363

Change: -£13,956 (-28.9%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £4,661

Previous: £17,087

Change: -£12,426 (-72.7%)

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

Net Current Assets Liabilities

Current: £1,230

Previous: £15,225

Change: -£13,995 (-91.9%)

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

Fixed Assets

Current: £12,935

Previous: £32,807

Change: -£19,872 (-60.6%)

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: 3

Change: -1 (-33.3%)

Comment: Lost a team member.