Grimwood And Sons Ipswich Ltd

Key Facts

Net Assets

Current: £288

Previous: £9,421

Change: -9,133 (-96.9%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £44,996

Previous: £50,704

Change: -£5,708 (-11.3%)

Comment: Current assets reduced noticeably.

Cash

Current: £23,312

Previous: £9,089

Change: +£14,223 (+156.5%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £47,838

Previous: £45,100

Change: +£2,738 (+6.1%)

Comment: Short‑term creditors increased slightly.

Net Current Assets Liabilities

Current: £2,842

Previous: £5,604

Change: -£2,762 (-49.3%)

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

Fixed Assets

Current: £3,130

Previous: £3,817

Change: -£687 (-18%)

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: 9

Previous: 10

Change: -1 (-10%)

Comment: Lost a team member.