Heavenly Desserts, specifically referring to Heavenly Desserts Franchise Ltd, had a net worth of £289,342.00 as of 2021.
This figure represents the company's financial value, calculated as its total assets minus its total liabilities, offering a snapshot of its equity and financial health. The financial data reflects a significant increase in net worth from previous periods, indicating substantial growth.
Heavenly Desserts Franchise Ltd: Key Financial Highlights
The company's financial statements reveal a positive trajectory in its overall financial standing. Below is a summary of key figures from their accounts for 2020 and 2021:
| Financial Metric | 2020 | 2021 |
|---|---|---|
| Net Worth | £8,388.00 | £289,342.00 |
| Cash | £4,216.00 | £22,920.00 |
| Total Current Assets | £65,521.00 | £422,850.00 |
| Total Current Liabilities | £65,100.00 | £89,882.00 |
Analysis of Financial Growth
The substantial increase in net worth from £8,388.00 in 2020 to £289,342.00 in 2021 highlights robust growth within Heavenly Desserts Franchise Ltd. This growth is supported by a significant rise in total current assets, which expanded from £65,521.00 to £422,850.00. While total current liabilities also saw an increase, the growth in assets far outpaced liabilities, leading to a stronger net worth. The healthy increase in cash reserves further strengthens the company's liquidity and operational capacity.
This upward trend suggests effective financial management and successful business operations, contributing to an improved financial position for Heavenly Desserts Franchise Ltd.
