Black Country Innovate Cic

Key Facts

Net Assets

Current: £7,130

Previous: £5,940

Change: +1,190 (+20%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £23,326

Previous: £24,520

Change: -£1,194 (-4.9%)

Comment: Current assets decreased slightly.

Cash

Current: £17,956

Previous: £24,520

Change: -£6,564 (-26.8%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £16,518

Previous: £18,983

Change: -£2,465 (-13%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £6,808

Previous: £5,537

Change: +£1,271 (+23%)

Comment: Net current assets strengthened moderately.

Fixed Assets

Current: £322

Previous: £403

Change: -£81 (-20.1%)

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: 4

Previous: 2

Change: +2 (+100%)

Comment: Strengthening the team.