Channel Cars Folkestone Ltd

Key Facts

Net Assets

Current: £106,249

Previous: £53,184

Change: +53,065 (+99.8%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £192,499

Previous: £205,615

Change: -£13,116 (-6.4%)

Comment: Current assets decreased slightly.

Cash

Current: £13,111

Previous: £60,380

Change: -£47,269 (-78.3%)

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

Creditors 1 Year

Current: £223,691

Previous: £157,298

Change: +£66,393 (+42.2%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £967

Previous: £116,539

Change: -£115,572 (-99.2%)

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

Fixed Assets

Current: £134,349

Previous: £105,929

Change: +£28,420 (+26.8%)

Comment: Fixed assets grew steadily.

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: 18

Previous: 27

Change: -9 (-33.3%)

Comment: A significant downsizing.