Wellspring Music Cic

Key Facts

Net Assets

Current: £57

Previous: £1,080

Change: -1,023 (-94.7%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £6,253

Previous: £6,300

Change: -£47 (-0.7%)

Comment: Current assets decreased slightly.

Cash

Current: £3,962

Previous: £6,190

Change: -£2,228 (-36%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £685

Previous: £7,622

Change: -£6,937 (-91%)

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

Net Current Assets Liabilities

Current: £579

Previous: £1,322

Change: -£743 (-56.2%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £202

Previous: £298

Change: -£96 (-32.2%)

Comment: Fixed assets fell 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: Not reported

Previous: Not reported

Comment: Not reported