Hanover Flooring Limited

Key Facts

Net Assets

Current: £9,251,101

Previous: £6,160,860

Change: +3,090,241 (+50.2%)

Comment: Strong increase in net assets and liabilities.

Current Assets

Current: £12,577,253

Previous: £12,080,968

Change: +£496,285 (+4.1%)

Comment: Current assets increased slightly.

Cash

Current: £2,379,390

Previous: £299,471

Change: +£2,079,919 (+694.5%)

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

Creditors 1 Year

Current: £5,857,708

Previous: £10,248,878

Change: -£4,391,170 (-42.8%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £6,719,545

Previous: £709,218

Change: +£6,010,327 (+847.5%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £3,010,086

Previous: £3,958,202

Change: -£948,116 (-24%)

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: 21

Previous: 21

Change: +0 (+0%)

Comment: No meaningful change.