Local First Community Interest Company

Key Facts

Net Assets

Current: £989,309

Previous: £1,410,800

Change: -421,491 (-29.9%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £1,639,309

Previous: £1,060,800

Change: +£578,509 (+54.5%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £550,000

Previous: £550,000

Change: +£0 (+0%)

Comment: No change in short‑term creditors.

Net Current Assets Liabilities

Current: £1,539,309

Previous: £1,010,800

Change: +£528,509 (+52.3%)

Comment: Net current assets increased significantly, improving short‑term solvency.

Fixed Assets

Current: Not reported

Previous: £950,000

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: 1

Previous: 4

Change: -3 (-75%)

Comment: Trimmed the team by 3 people.