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Current liabilities

A current liability is normally made up of any short term debt, usually less than 12 months including those from suppliers (creditors), HMRC, VAT and any short term loans.

An ever increasing current liability amount can be a cause of concern as this could lead, or is a result, of cash flow problems within the business.  It also can lead to a knock-on effect with future debts and the inability to pay on time.  

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