Modify Hair Lounge Ltd

Key Facts

Net Assets

Current: £8,066

Previous: £13,194

Change: -5,128 (-38.9%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £12,885

Previous: £29,586

Change: -£16,701 (-56.4%)

Comment: Current assets fell significantly.

Cash

Current: £2,795

Previous: £20,390

Change: -£17,595 (-86.3%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £4,962

Previous: £16,040

Change: -£11,078 (-69.1%)

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

Net Current Assets Liabilities

Current: £7,923

Previous: £13,546

Change: -£5,623 (-41.5%)

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

Fixed Assets

Current: £177

Previous: £307

Change: -£130 (-42.3%)

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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.