Raceways Events Cic

Key Facts

Net Assets

Current: £10,584

Previous: £11,359

Change: -775 (-6.8%)

Comment: Slight decline in net assets and liabilities.

Current Assets

Current: £32,535

Previous: £13,196

Change: +£19,339 (+146.6%)

Comment: Current assets increased significantly.

Cash

Current: £32,435

Previous: £13,196

Change: +£19,239 (+145.8%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £29,273

Previous: £5,079

Change: +£24,194 (+476.4%)

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

Net Current Assets Liabilities

Current: £3,262

Previous: £8,117

Change: -£4,855 (-59.8%)

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

Fixed Assets

Current: £7,322

Previous: £3,242

Change: +£4,080 (+125.8%)

Comment: Fixed assets increased 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: 3

Previous: 3

Change: +0 (+0%)

Comment: No change in team size.