Resort Margate Cic

Key Facts

Net Assets

Current: £8,804

Previous: £42,877

Change: -34,073 (-79.5%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £26,667

Previous: £13,577

Change: +£13,090 (+96.4%)

Comment: Current assets increased significantly.

Cash

Current: £25,225

Previous: £12,175

Change: +£13,050 (+107.2%)

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

Creditors 1 Year

Current: £19,061

Previous: £5,594

Change: +£13,467 (+240.7%)

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

Net Current Assets Liabilities

Current: £7,606

Previous: £7,983

Change: -£377 (-4.7%)

Comment: Net current assets decreased slightly.

Fixed Assets

Current: £1,479

Previous: £35,265

Change: -£33,786 (-95.8%)

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: 5

Previous: 5

Change: +0 (+0%)

Comment: No change in team size.