Ian Bailey Carpets Limited

Key Facts

Net Assets

Current: £413

Previous: £9,183

Change: -8,770 (-95.5%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £5,158

Previous: £1,132

Change: +£4,026 (+355.7%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £12,715

Previous: £5,171

Change: +£7,544 (+145.9%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £7,557

Previous: £13,974

Change: -£6,417 (-45.9%)

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

Fixed Assets

Current: £7,970

Previous: £9,962

Change: -£1,992 (-20%)

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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.