The Lantern Initiative Cic

Key Facts

Net Assets

Current: £533

Previous: £1,643

Change: -1,110 (-67.6%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £23,670

Previous: £4,344

Change: +£19,326 (+444.9%)

Comment: Current assets increased significantly.

Cash

Current: £10,419

Previous: £4,344

Change: +£6,075 (+139.8%)

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

Creditors 1 Year

Current: £24,203

Previous: £2,701

Change: +£21,502 (+796.1%)

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

Net Current Assets Liabilities

Current: £533

Previous: £1,643

Change: -£1,110 (-67.6%)

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.