The Spice Essex Ltd

Key Facts

Net Assets

Current: £104,960

Previous: £58,254

Change: +46,706 (+80.2%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £1,968

Previous: £26,076

Change: -£24,108 (-92.5%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £408

Previous: £8,308

Change: -£7,900 (-95.1%)

Comment: Short‑term creditors dropped sharply, improving the company's short‑term position.

Net Current Assets Liabilities

Current: £113,276

Previous: £60,210

Change: +£53,066 (+88.1%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £8,724

Previous: £10,264

Change: -£1,540 (-15%)

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: 7

Previous: 10

Change: -3 (-30%)

Comment: Trimmed the team by 3 people.