Accountants - can anyone tell me what these accounts mean?

[M4cruiser]

I'm no accountant, but here is a summary (pulled from the Internet) of a company I'd like to know a bit more about - does this show a good or bad position, or maybe no reliable information at all?
Both assets and liabilities have declined drastically in 3 years - why would this be?

[JeremyH5]

My interpretation of that incomplete records question would be that sales volume is shrinking so sales debtors and associated purchase creditors have fallen in line. In 2013 they made a small profit but made a loss in 2014 and all the cash has gone.
If not actually running I'd be sidling slowly away.. ...........

[anonymous-user]

Closing down?

[Eric Mc]

Oooh - any line going down has to be a bad thing.

[CaptainSlow]

What does the company do? Looks like a service company? There is no P&L data so performance is hard to gauge.

[sumo69]

No way I would be investing in that based on that info - it looks like its being run down!

Can you get any further info, particularly a business plan?

David

[MW-M5]

Eric Mc said:

Oooh - any line going down has to be a bad thing.

I assume this is sarcasm (not always clear on internet forums)?

[M4cruiser]

CaptainSlow said:

What does the company do? Looks like a service company? There is no P&L data so performance is hard to gauge.

Thank you for your comments. It confirms my suspicions, but I had no real way of knowing from the confusing (to me) figures.

The actual type of business they do may not be that relevant, and I suppose I shouldn't name them on here, but they are a kind of "service" I suppose, connected with the leisure & travel industries.

On this basis I'd be ok to continue to do my small amount of business with them on a short-term basis, but won't be taking out any long term commitments, especially those that need payment up front!