Quote CavendishStreet="CavendishStreet"
Net Worth:
2010 - £-4,352,212
2009 - £-3,859,637
2008 - £-3,839,986
2007 - £-3,082,290
2006 - £-2,645,284
Total Current Liabilities:
2010 - £3,763,566
2009 - £3,537,791
2008 - £3,955,797
2007 - £4,071,974
2006 - £3,339,912
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As has already been pointed out, these figures mean nothing without deeper analysis. If the current liabilities are mainly additional funds injected by the directors/shareholders then they could be seen as quasi equity which would improve the negative net worth. Also, in such a case the directors/shareholders would want to do everything possible to keep the company afloat to give thm the best chance of getting their money back.
On the other hand, if the liabilities are just a mix of bank debt, trade creditors & HMRC then the clouds on the dark side of the hill will be looking very black indeed!