Ride For Freedom Cic

Key Facts

Net Assets

Current: £1,453

Previous: £14,353

Change: -12,900 (-89.9%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £11,045

Previous: £1,718

Change: +£9,327 (+542.9%)

Comment: Current assets increased significantly.

Cash

Current: £11,045

Previous: £1,711

Change: +£9,334 (+545.5%)

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

Creditors 1 Year

Current: £12,498

Previous: £16,071

Change: -£3,573 (-22.2%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £1,453

Previous: £14,353

Change: -£12,900 (-89.9%)

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

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

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: 2

Previous: 5

Change: -3 (-60%)

Comment: Trimmed the team by 3 people.