Formation Flooring Limited

Key Facts

Net Assets

Current: £63,863

Previous: £101,630

Change: -37,767 (-37.2%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £98,047

Previous: £124,117

Change: -£26,070 (-21%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £1,908

Previous: £7,590

Change: -£5,682 (-74.9%)

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

Net Current Assets Liabilities

Current: £32,045

Previous: £63,146

Change: -£31,101 (-49.3%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £36,605

Previous: £48,807

Change: -£12,202 (-25%)

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: 6

Previous: 3

Change: +3 (+100%)

Comment: Growing the team by 3 people.