Reliance Scrap Metal Merchants Parkstone Limited

Key Facts

Net Assets

Current: £2,297,318

Previous: £3,546,163

Change: -1,248,845 (-35.2%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £2,940,310

Previous: £3,574,780

Change: -£634,470 (-17.7%)

Comment: Current assets reduced noticeably.

Cash

Current: £747

Previous: £292,303

Change: -£291,556 (-99.7%)

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

Creditors 1 Year

Current: £3,274,937

Previous: £2,645,001

Change: +£629,936 (+23.8%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £334,627

Previous: £929,779

Change: -£595,152 (-64%)

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

Fixed Assets

Current: £3,551,487

Previous: £3,965,571

Change: -£414,084 (-10.4%)

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: 28

Previous: 29

Change: -1 (-3.4%)

Comment: A slight contraction.