Spires Decorating & Specialist Coatings Ltd

Key Facts

Net Assets

Current: £4,573

Previous: £9,515

Change: -4,942 (-51.9%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £71,252

Previous: £45,123

Change: +£26,129 (+57.9%)

Comment: Current assets increased significantly.

Cash

Current: £58,162

Previous: £28,439

Change: +£29,723 (+104.5%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £63,036

Previous: £27,465

Change: +£35,571 (+129.5%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £8,216

Previous: £17,658

Change: -£9,442 (-53.5%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.