Spence Couriers Ltd

Key Facts

Net Assets

Current: £3,811

Previous: £14,492

Change: -10,681 (-73.7%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £455

Previous: £13,573

Change: -£13,118 (-96.6%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: £455

Previous: £334

Change: +£121 (+36.2%)

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

Creditors 1 Year

Current: £8,261

Previous: £3,881

Change: +£4,380 (+112.9%)

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

Net Current Assets Liabilities

Current: £7,806

Previous: £9,692

Change: -£1,886 (-19.5%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £6,640

Previous: £4,800

Change: +£1,840 (+38.3%)

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: 2

Previous: 2

Change: +0 (+0%)

Comment: No change in team size.