Privilege Accountants Limited

Key Facts

Net Assets

Current: £8,211

Previous: £23,060

Change: -14,849 (-64.4%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £12,602

Previous: £31,626

Change: -£19,024 (-60.2%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £6,675

Previous: £10,828

Change: -£4,153 (-38.4%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £5,927

Previous: £20,798

Change: -£14,871 (-71.5%)

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

Fixed Assets

Current: £2,284

Previous: £2,262

Change: +£22 (+1%)

Comment: Fixed assets increased 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: 3

Previous: 3

Change: +0 (+0%)

Comment: No change in team size.