Radiate Arts Cic

Key Facts

Net Assets

Current: £9,629

Previous: £10,666

Change: -1,037 (-9.7%)

Comment: Slight decline in net assets and liabilities.

Current Assets

Current: £50,795

Previous: £31,893

Change: +£18,902 (+59.3%)

Comment: Current assets increased significantly.

Cash

Current: £47,584

Previous: £31,451

Change: +£16,133 (+51.3%)

Comment: Cash increased significantly, improving short‑term liquidity.

Creditors 1 Year

Current: £45,847

Previous: £1,284

Change: +£44,563 (+3470.6%)

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

Net Current Assets Liabilities

Current: £4,948

Previous: £6,273

Change: -£1,325 (-21.1%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £4,681

Previous: £5,677

Change: -£996 (-17.5%)

Comment: Fixed assets reduced noticeably.

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: 4

Change: -1 (-25%)

Comment: Lost a team member.