Innov4te Cic

Key Facts

Net Assets

Current: £8,833

Previous: £7,812

Change: +1,021 (+13.1%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £14,274

Previous: £2,137

Change: +£12,137 (+567.9%)

Comment: Current assets increased significantly.

Cash

Current: £1,499

Previous: £2,136

Change: -£637 (-29.8%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £2,852

Previous: £697

Change: +£2,155 (+309.2%)

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

Net Current Assets Liabilities

Current: £12,377

Previous: £9,840

Change: +£2,537 (+25.8%)

Comment: Net current assets strengthened moderately.

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: 1

Previous: 2

Change: -1 (-50%)

Comment: Lost a team member.