Innovate Recruitment Limited

Key Facts

Net Assets

Current: £860,043

Previous: £1,213,216

Change: -353,173 (-29.1%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £923,151

Previous: £1,448,738

Change: -£525,587 (-36.3%)

Comment: Current assets fell significantly.

Cash

Current: £219,866

Previous: £1,032,235

Change: -£812,369 (-78.7%)

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

Creditors 1 Year

Current: £103,999

Previous: £292,917

Change: -£188,918 (-64.5%)

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

Net Current Assets Liabilities

Current: £819,152

Previous: £1,155,821

Change: -£336,669 (-29.1%)

Comment: Net current assets weakened noticeably.

Fixed Assets

Current: £40,891

Previous: £57,395

Change: -£16,504 (-28.8%)

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: 25

Previous: 25

Change: +0 (+0%)

Comment: No meaningful change.