Michael Richards Ipswich Limited

Key Facts

Net Assets

Current: £27,241

Previous: £37,065

Change: -9,824 (-26.5%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £50,388

Previous: £58,833

Change: -£8,445 (-14.4%)

Comment: Current assets reduced noticeably.

Cash

Current: £42,732

Previous: £51,514

Change: -£8,782 (-17%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £26,771

Previous: £25,870

Change: +£901 (+3.5%)

Comment: Short‑term creditors increased slightly.

Net Current Assets Liabilities

Current: £23,617

Previous: £32,963

Change: -£9,346 (-28.4%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £4,865

Previous: £5,069

Change: -£204 (-4%)

Comment: Fixed assets decreased slightly.

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: 6

Previous: 5

Change: +1 (+20%)

Comment: Added a helper.