Budget Tyres London Ltd

Key Facts

Net Assets

Current: £26,951

Previous: £48,812

Change: -21,861 (-44.8%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £11,253

Previous: £164,482

Change: -£153,229 (-93.2%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: £11,125

Previous: £60,377

Change: -£49,252 (-81.6%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £38,204

Previous: £265,320

Change: -£227,116 (-85.6%)

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

Net Current Assets Liabilities

Current: £26,951

Previous: £100,838

Change: -£73,887 (-73.3%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: £52,026

Previous: Not reported

Comment: Not reported

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: 3

Previous: 4

Change: -1 (-25%)

Comment: Lost a team member.