Gershwins Hairdressing Ltd

Key Facts

Net Assets

Current: £10,323

Previous: £13,017

Change: -2,694 (-20.7%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £29,712

Previous: £56,555

Change: -£26,843 (-47.5%)

Comment: Current assets fell significantly.

Cash

Current: £16,960

Previous: £32,835

Change: -£15,875 (-48.3%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £80,192

Previous: £86,893

Change: -£6,701 (-7.7%)

Comment: Short‑term creditors decreased slightly.

Net Current Assets Liabilities

Current: £50,480

Previous: £30,338

Change: +£20,142 (+66.4%)

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: 16

Previous: 21

Change: -5 (-23.8%)

Comment: A noticeable staff reduction.