East London Carpets & Furniture Ltd

Key Facts

Net Assets

Current: £11,245

Previous: £25,437

Change: -14,192 (-55.8%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £26,116

Previous: £24,828

Change: +£1,288 (+5.2%)

Comment: Current assets increased slightly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £26,551

Previous: £12,991

Change: +£13,560 (+104.4%)

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

Net Current Assets Liabilities

Current: £3,565

Previous: £15,837

Change: -£12,272 (-77.5%)

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

Fixed Assets

Current: £7,680

Previous: £9,600

Change: -£1,920 (-20%)

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: 5

Previous: 6

Change: -1 (-16.7%)

Comment: Lost a team member.