The Washing Machine Project Cic

Key Facts

Net Assets

Current: £3,827

Previous: £1,879

Change: +1,948 (+103.7%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £1,181,700

Previous: £521,042

Change: +£660,658 (+126.8%)

Comment: Current assets increased significantly.

Cash

Current: £1,181,700

Previous: £521,042

Change: +£660,658 (+126.8%)

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

Creditors 1 Year

Current: £1,187,651

Previous: £525,594

Change: +£662,057 (+126%)

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

Net Current Assets Liabilities

Current: £5,951

Previous: £4,552

Change: +£1,399 (+30.7%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: £2,124

Previous: £2,673

Change: -£549 (-20.5%)

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: 14

Previous: 9

Change: +5 (+55.6%)

Comment: Strong expansion.