247 Cars Lichfield Limited

Key Facts

Net Assets

Current: £3,146

Previous: £41,942

Change: -38,796 (-92.5%)

Comment: Severe reduction in net assets and liabilities.

Current Assets

Current: £21,317

Previous: £8,658

Change: +£12,659 (+146.2%)

Comment: Current assets increased significantly.

Cash

Current: £21,317

Previous: £8,658

Change: +£12,659 (+146.2%)

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

Creditors 1 Year

Current: £39,038

Previous: £59,560

Change: -£20,522 (-34.5%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £16,196

Previous: £5,887

Change: +£10,309 (+175.1%)

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

Fixed Assets

Current: £19,696

Previous: £11,731

Change: +£7,965 (+67.9%)

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: 7

Previous: 5

Change: +2 (+40%)

Comment: Strengthening the team.