Clearance Services Limited

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clearance services limited Company Information

Live (In Receivership)

MatureSmallDeclining

Company Number

04108048

Website

http://cslgroundworks.co.uk

Registered Address

forvis mazars llp 30 old bailey, london, EC4M 7AU

Industry

Remediation activities and other waste management services.

Telephone

Next Accounts Due

57 days late

Group Structure

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Directors

Derek Boulton16 Years

Shareholders

boulton derek 77%

charlotte boulton 23%

clearance services limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of CLEARANCE SERVICES LIMITED at £2.5m based on Net Assets of £985.5k and 2.49x industry multiple (adjusted for liquidity).

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Clearance Services Limited is a live company located in london, EC4M 7AU with a Companies House number of 04108048. It operates in the remediation activities and other waste management services sector, SIC Code 39000. Founded in November 2000, it's largest shareholder is boulton derek with a 77% stake. Clearance Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Clearance Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £3.3m, make it smaller than the average company (£10.5m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (5.9%)

EXPORT

Clearance Services Limited's latest turnover from November 2022 is estimated at £3.3 million and the company has net assets of £985.5 thousand. According to their latest financial statements, Clearance Services Limited has 7 employees and maintains cash reserves of £137.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	3,349,964	6,262,602	5,478,371	4,468,995	1,970,450	1,783,784	1,110,479	858,224	294,615	265,856	152,542	270,325	48,460	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,838,653	5,404,975	4,605,176	3,801,261	1,656,045	1,492,713	954,621	735,101	260,539	231,849	125,469	226,905	39,356	0
Gross Profit	511,311	857,627	873,196	667,734	314,405	291,071	155,858	123,123	34,077	34,007	27,072	43,419	9,103	0
Admin Expenses	346,479	968,393	933,528	633,633	229,631	-20,877	-32,745	-323,463	-70,427	-21,625	-4,423	30,240	7,372	5,932
Operating Profit	164,832	-110,766	-60,332	34,101	84,774	311,948	188,603	446,586	104,504	55,632	31,495	13,179	1,731	-5,932
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,934	662	874	3,216	1,379	1,000	318	170	95	73	57	24	19	19
Pre-Tax Profit	170,765	-110,104	-59,458	37,317	86,153	312,948	188,920	446,756	104,599	55,705	31,553	13,203	1,750	-5,913
Tax	-32,445	0	0	-7,090	-16,369	-59,460	-37,784	-89,351	-21,966	-12,812	-7,573	-3,433	-490	0
Profit After Tax	138,320	-110,104	-59,458	30,227	69,784	253,488	151,136	357,405	82,633	42,893	23,980	9,770	1,260	-5,913
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	138,320	-110,104	-59,458	30,227	69,784	253,488	151,136	357,405	82,633	42,893	23,980	9,770	1,260	-5,913
Employee Costs	288,676	285,388	155,517	83,006	159,013	187,247	106,567	68,956	33,130	33,822	31,784	33,715	33,922	0
Number Of Employees	7	7	4	2	4	5	3	2	1	1	1	1	1	0
EBITDA*	588,075	313,491	220,297	34,101	242,638	533,986	344,744	582,724	171,610	86,614	40,664	22,068	1,731	-5,932

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	3,625,121	3,818,310	2,525,656	2,237,387	1,420,774	1,258,221	884,799	771,448	380,278	175,568	51,966	26,669	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,625,121	3,818,310	2,525,656	2,237,387	1,420,774	1,258,221	884,799	771,448	380,278	175,568	51,966	26,669	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	671,792	1,224,981	1,025,474	1,021,198	606,779	574,075	342,042	291,621	101,184	73,999	33,866	63,499	10,500	720
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	137,725	257,858	1,066,325	681,498	176,100	191,563	208,457	45,542	22,426	15,537	13,728	9,164	262	7,429
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	809,517	1,482,839	2,091,799	1,702,696	782,879	765,638	550,499	337,163	123,610	89,536	47,594	72,663	10,762	8,149
total assets	4,434,638	5,301,149	4,617,455	3,940,083	2,203,653	2,023,859	1,435,298	1,108,611	503,888	265,104	99,560	99,332	10,762	8,149
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,494,887	2,613,203	2,173,540	1,788,631	191,045	202,263	114,506	46,354	22,208	31,831	28,101	62,331	15,414	14,061
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,494,887	2,613,203	2,173,540	1,788,631	191,045	202,263	114,506	46,354	22,208	31,831	28,101	62,331	15,414	14,061
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,954,230	1,840,745	1,486,610	1,134,788	1,026,171	904,943	657,627	550,228	327,056	161,282	42,361	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	31,883	0	0
total long term liabilities	1,954,230	1,840,745	1,486,610	1,134,788	1,026,171	904,943	657,627	550,228	327,056	161,282	42,361	31,883	0	0
total liabilities	3,449,117	4,453,948	3,660,150	2,923,419	1,217,216	1,107,206	772,133	596,582	349,264	193,113	70,462	94,214	15,414	14,061
net assets	985,521	847,201	957,305	1,016,664	986,437	916,653	663,165	512,029	154,624	71,991	29,098	5,118	-4,652	-5,912
total shareholders funds	985,521	847,201	957,305	1,016,664	986,437	916,653	663,165	512,029	154,624	71,991	29,098	5,118	-4,652	-5,912

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	164,832	-110,766	-60,332	34,101	84,774	311,948	188,603	446,586	104,504	55,632	31,495	13,179	1,731	-5,932
Depreciation	423,243	424,257	280,629	0	157,864	222,038	156,141	136,138	67,106	30,982	9,169	8,889	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-32,445	0	0	-7,090	-16,369	-59,460	-37,784	-89,351	-21,966	-12,812	-7,573	-3,433	-490	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-553,189	199,507	4,276	414,419	32,704	232,033	50,421	190,437	27,185	40,133	-29,633	52,999	9,780	720
Creditors	-1,118,316	439,663	384,909	1,597,586	-11,218	87,757	68,152	24,146	-9,623	3,730	-34,230	46,917	1,353	14,061
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-31,883	31,883	0	0
Cash flow from operations	-9,497	553,647	600,930	1,210,178	182,347	330,250	324,691	327,082	112,836	37,399	-3,389	44,436	-7,186	7,409
Investing Activities
capital expenditure	-230,054	-1,716,911	-568,898	-816,613	-320,417	-595,460	-269,492	-527,308	-271,816	-154,584	-34,466	-35,558	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-230,054	-1,716,911	-568,898	-816,613	-320,417	-595,460	-269,492	-527,308	-271,816	-154,584	-34,466	-35,558	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	113,485	354,135	351,822	108,617	121,228	247,316	107,399	223,172	165,774	118,921	42,361	0	0	0
share issue	0	0	99	0	0	0	0	0	0	0	0	0	0	1
interest	5,934	662	874	3,216	1,379	1,000	318	170	95	73	57	24	19	19
cash flow from financing	119,419	354,797	352,795	111,833	122,607	248,316	107,717	223,342	165,869	118,994	42,418	24	19	20
cash and cash equivalents
cash	-120,133	-808,467	384,827	505,398	-15,463	-16,894	162,915	23,116	6,889	1,809	4,564	8,902	-7,167	7,429
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-120,133	-808,467	384,827	505,398	-15,463	-16,894	162,915	23,116	6,889	1,809	4,564	8,902	-7,167	7,429

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for clearance services limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in EC4M area or any other competitors across 12 key performance metrics.

CLEARANCE SERVICES LIMITED group structure

Clearance Services Limited has no subsidiary companies.

Ultimate parent company

CLEARANCE SERVICES LIMITED

04108048

CLEARANCE SERVICES LIMITED Shareholders

boulton derek	77%
charlotte boulton	23%

Clearance Services Limited currently has 1 director, Mr Derek Boulton serving since Sep 2008.

officer	country	age	start	end	role
Mr Derek Boulton	England	56 years	Sep 2008	-	Director

P&L

November 2022

turnover

3.3m

-47%

operating profit

164.8k

gross margin

15.3%

+11.46%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2022

net assets

985.5k

+0.16%

total assets

4.4m

-0.16%

cash

137.7k

-0.47%

net assets

Total assets minus all liabilities

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company number

04108048

Type

Private limited with Share Capital

industry

39000 - Remediation activities and other waste management services.

incorporation date

November 2000

ultimate parent company

None

previous names

N/A

address

forvis mazars llp 30 old bailey, london, EC4M 7AU

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to clearance services limited. Currently there are 0 open charges and 1 have been satisfied in the past.

clearance services limited Company Information

clearance services limited Estimated Valuation

clearance services limited Estimated Valuation

clearance services limited Estimated Valuation

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