Formula Hair Innovation Ltd

Key Facts

Net Assets

Current: £998

Previous: £5,839

Change: -4,841 (-82.9%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £2,713

Previous: £7,651

Change: -£4,938 (-64.5%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: £713

Previous: £4,906

Change: -£4,193 (-85.5%)

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

Creditors 1 Year

Current: £1,715

Previous: £1,812

Change: -£97 (-5.4%)

Comment: Short‑term creditors decreased slightly.

Net Current Assets Liabilities

Current: £998

Previous: £5,839

Change: -£4,841 (-82.9%)

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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.