Mike Wakefield It Consultancy Ltd

Key Facts

Net Assets

Current: £1,470

Previous: £7,352

Change: -5,882 (-80%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £3,457

Previous: £13,382

Change: -£9,925 (-74.2%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £1,987

Previous: £6,505

Change: -£4,518 (-69.5%)

Comment: Short‑term creditors dropped sharply, improving the company's short‑term position.

Net Current Assets Liabilities

Current: £1,470

Previous: £6,877

Change: -£5,407 (-78.6%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: Not reported

Previous: £475

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: 5

Previous: 5

Change: +0 (+0%)

Comment: No change in team size.