Pace Cycles Limited

Key Facts

Net Assets

Current: £17,374

Previous: £26,740

Change: -9,366 (-35%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £142,928

Previous: £162,110

Change: -£19,182 (-11.8%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £69,127

Previous: £21,995

Change: +£47,132 (+214.3%)

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

Net Current Assets Liabilities

Current: £48,623

Previous: £42,480

Change: +£6,143 (+14.5%)

Comment: Net current assets strengthened moderately.

Fixed Assets

Current: £3,130

Previous: £6,255

Change: -£3,125 (-50%)

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: 3

Change: -1 (-33.3%)

Comment: Lost a team member.