Garms Newcastle Limited

Key Facts

Net Assets

Current: £4,841

Previous: £177

Change: +4,664 (+2635%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £19,796

Previous: £29,869

Change: -£10,073 (-33.7%)

Comment: Current assets fell significantly.

Cash

Current: £19,796

Previous: £14,528

Change: +£5,268 (+36.3%)

Comment: Cash increased significantly, improving short‑term liquidity.

Creditors 1 Year

Current: £24,637

Previous: £30,046

Change: -£5,409 (-18%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £4,841

Previous: £177

Change: +£4,664 (+2635%)

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

Fixed Assets

Current: Not reported

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: 6

Previous: 8

Change: -2 (-25%)

Comment: Trimmed the team by 2 people.