Mercian Accountants Ltd

Key Facts

Net Assets

Current: £7,289

Previous: £9,009

Change: -1,720 (-19.1%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £88,786

Previous: £54,224

Change: +£34,562 (+63.7%)

Comment: Current assets increased significantly.

Cash

Current: £15,937

Previous: £16,845

Change: -£908 (-5.4%)

Comment: Cash decreased slightly.

Creditors 1 Year

Current: £64,707

Previous: £36,631

Change: +£28,076 (+76.6%)

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

Net Current Assets Liabilities

Current: £24,079

Previous: £17,593

Change: +£6,486 (+36.9%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £6,553

Previous: £11,759

Change: -£5,206 (-44.3%)

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: 8

Previous: 14

Change: -6 (-42.9%)

Comment: A significant downsizing.