Gainsborough Carpets & Flooring Ltd

Key Facts

Net Assets

Current: £38,667

Previous: £261,619

Change: -222,952 (-85.2%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £181,646

Previous: £167,319

Change: +£14,327 (+8.6%)

Comment: Current assets increased slightly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £177,108

Previous: £145,051

Change: +£32,057 (+22.1%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £4,538

Previous: £22,268

Change: -£17,730 (-79.6%)

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

Fixed Assets

Current: £34,129

Previous: £239,351

Change: -£205,222 (-85.7%)

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: 3

Previous: 5

Change: -2 (-40%)

Comment: Trimmed the team by 2 people.