cleardebt limited
cleardebt limited Company Information
Group Structure
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Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
unit 2 the courtyard, 283 ashley road, altrincham, WA14 3NG
Website
www.cleardebt.co.ukcleardebt limited Estimated Valuation
Pomanda estimates the enterprise value of CLEARDEBT LIMITED at £52.5k based on a Turnover of £65.3k and 0.8x industry multiple (adjusted for size and gross margin).
cleardebt limited Estimated Valuation
Pomanda estimates the enterprise value of CLEARDEBT LIMITED at £0 based on an EBITDA of £-1.7k and a 2.78x industry multiple (adjusted for size and gross margin).
cleardebt limited Estimated Valuation
Pomanda estimates the enterprise value of CLEARDEBT LIMITED at £0 based on Net Assets of £-168.5k and 1.31x industry multiple (adjusted for liquidity).
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Cleardebt Limited Overview
Cleardebt Limited is a live company located in altrincham, WA14 3NG with a Companies House number of 05157741. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 2004, it's largest shareholder is cleardebt group ltd with a 100% stake. Cleardebt Limited is a mature, micro sized company, Pomanda has estimated its turnover at £65.3k with declining growth in recent years.
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Cleardebt Limited Health Check
Pomanda's financial health check has awarded Cleardebt Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £65.3k, make it smaller than the average company (£4.6m)
- Cleardebt Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (3.7%)
- Cleardebt Limited
3.7% - Industry AVG
Production
with a gross margin of 16%, this company has a higher cost of product (56.5%)
- Cleardebt Limited
56.5% - Industry AVG
Profitability
an operating margin of -2.5% make it less profitable than the average company (9.7%)
- Cleardebt Limited
9.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Cleardebt Limited
12 - Industry AVG
Pay Structure
on an average salary of £75.3k, the company has an equivalent pay structure (£75.3k)
- Cleardebt Limited
£75.3k - Industry AVG
Efficiency
resulting in sales per employee of £65.3k, this is less efficient (£201.1k)
- Cleardebt Limited
£201.1k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (33 days)
- Cleardebt Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is close to average (47 days)
- Cleardebt Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cleardebt Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cleardebt Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1617.8%, this is a higher level of debt than the average (68.7%)
1617.8% - Cleardebt Limited
68.7% - Industry AVG
CLEARDEBT LIMITED financials
Cleardebt Limited's latest turnover from June 2023 is estimated at £65.3 thousand and the company has net assets of -£168.5 thousand. According to their latest financial statements, Cleardebt Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,585,903 | 7,657,279 | 5,312,919 | 6,204,711 | 4,824,602 | 3,514,451 | ||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 5,818,038 | 5,619,953 | 3,609,286 | 2,785,731 | 2,359,872 | 1,448,820 | ||||||||
| Gross Profit | 1,767,865 | 2,037,326 | 1,703,633 | 3,418,980 | 2,464,730 | 2,065,631 | ||||||||
| Admin Expenses | 1,541,480 | 1,659,383 | 1,613,059 | 1,387,307 | 1,159,235 | |||||||||
| Operating Profit | 226,385 | 377,943 | 90,574 | 1,077,423 | 906,396 | |||||||||
| Interest Payable | 1,810 | 2,114 | ||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 224,575 | 375,829 | 90,574 | 1,736,110 | 1,077,423 | 906,396 | ||||||||
| Tax | -42,298 | -62,471 | -11,478 | -444,346 | -296,952 | -236,082 | ||||||||
| Profit After Tax | 182,277 | 313,358 | 79,096 | 1,291,764 | 780,471 | 670,314 | ||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | 182,277 | 313,358 | 79,096 | 1,291,764 | 780,471 | 670,314 | ||||||||
| Employee Costs | 1,826,064 | 2,158,272 | 1,496,796 | 1,356,534 | 1,174,752 | 890,754 | ||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 67 | 77 | 62 | 57 | 48 | 39 | |||
| EBITDA* | 656,247 | 843,345 | 845,430 | 1,864,590 | 1,351,262 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 140,323 | 264,938 | 357,173 | 573,093 | 434,416 | 294,759 | 218,911 | |||||||
| Intangible Assets | 25,056 | 272,154 | 501,028 | 1,034,262 | 1,619,702 | 1,605,863 | ||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 481,368 | |||||||||||||
| Total Fixed Assets | 140,323 | 289,994 | 629,327 | 1,555,489 | 1,468,678 | 1,914,461 | 1,824,774 | |||||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 11,101 | 78,552 | 85,722 | 73,989 | 73,989 | 790,746 | 144,597 | 788,208 | 2,373,740 | 3,688,272 | 2,370,636 | 2,626,323 | 1,333,226 | 824,811 |
| Group Debtors | 1,344,150 | 6,254 | 139,724 | |||||||||||
| Misc Debtors | 413,097 | 353,502 | 486,826 | 580,843 | 631,875 | 71,151 | ||||||||
| Cash | 22,424 | 62,908 | 49,490 | 74,560 | 1,066 | 24,170 | 149,703 | 324,175 | 83,859 | 103,653 | 165,280 | 92,792 | ||
| misc current assets | ||||||||||||||
| total current assets | 11,101 | 78,552 | 108,146 | 136,897 | 123,479 | 865,306 | 145,663 | 812,378 | 4,280,690 | 4,365,949 | 2,941,321 | 3,317,073 | 2,130,381 | 1,128,478 |
| total assets | 11,101 | 78,552 | 108,146 | 136,897 | 123,479 | 865,306 | 145,663 | 952,701 | 4,570,684 | 4,995,276 | 4,496,810 | 4,785,751 | 4,044,842 | 2,953,252 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 7,454 | 100,022 | 128,339 | 189,535 | 43,733 | 51,539 | 46,994 | 1,740,678 | 119,232 | 166,278 | 285,561 | 152,836 | 112,765 | 264,005 |
| Group/Directors Accounts | 1,181,556 | 1,272,688 | ||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 599,257 | 1,070,365 | 418,775 | 644,448 | 475,919 | 371,001 | ||||||||
| total current liabilities | 7,454 | 100,022 | 128,339 | 189,535 | 43,733 | 51,539 | 46,994 | 1,740,678 | 1,900,045 | 2,509,331 | 704,336 | 797,284 | 588,684 | 635,006 |
| loans | 211,916 | 1,371,170 | 1,577,261 | 1,870,353 | 2,662,450 | 2,363,277 | ||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 172,138 | 145,364 | 146,916 | 151,916 | 1,356,169 | |||||||||
| provisions | 52,300 | 49,739 | 45,619 | 7,794 | ||||||||||
| total long term liabilities | 172,138 | 145,364 | 146,916 | 151,916 | 211,916 | 1,371,170 | 1,356,169 | 1,629,561 | 1,920,092 | 2,708,069 | 2,371,071 | |||
| total liabilities | 179,592 | 245,386 | 275,255 | 341,451 | 255,649 | 1,422,709 | 1,403,163 | 1,740,678 | 1,900,045 | 2,509,331 | 2,333,897 | 2,717,376 | 3,296,753 | 3,006,077 |
| net assets | -168,491 | -166,834 | -167,109 | -204,554 | -132,170 | -557,403 | -1,257,500 | -787,977 | 2,670,639 | 2,485,945 | 2,162,913 | 2,068,375 | 748,089 | -52,825 |
| total shareholders funds | -168,491 | -166,834 | -167,109 | -204,554 | -132,170 | -557,403 | -1,257,500 | -787,977 | 2,670,639 | 2,485,945 | 2,162,913 | 2,068,375 | 748,089 | -52,825 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 226,385 | 377,943 | 90,574 | 1,077,423 | 906,396 | |||||||||
| Depreciation | 78,780 | 182,763 | 236,528 | 221,622 | 145,651 | 101,654 | 67,692 | |||||||
| Amortisation | 247,099 | 228,874 | 533,234 | 861,550 | 685,513 | 377,174 | ||||||||
| Tax | -42,298 | -62,471 | -11,478 | -444,346 | -296,952 | -236,082 | ||||||||
| Stock | ||||||||||||||
| Debtors | -67,451 | -7,170 | 11,733 | -716,757 | 646,149 | -643,611 | -3,342,779 | 89,213 | 702,944 | 125,410 | 1,248,319 | 929,415 | 1,035,686 | |
| Creditors | -92,568 | -28,317 | -61,196 | 145,802 | -7,806 | 4,545 | -1,693,684 | 1,621,446 | -47,046 | -119,283 | 132,725 | 40,071 | -151,240 | 264,005 |
| Accruals and Deferred Income | -599,257 | -471,108 | 651,590 | -225,673 | 168,529 | 104,918 | 371,001 | |||||||
| Deferred Taxes & Provisions | -52,300 | 2,561 | 4,120 | 37,825 | 7,794 | |||||||||
| Cash flow from operations | 6,582 | 557,937 | 618,155 | 629,726 | 722,294 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -1,181,556 | -91,132 | 1,272,688 | |||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -211,916 | -1,159,254 | 1,371,170 | -1,577,261 | -293,092 | -792,097 | 299,173 | 2,363,277 | ||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | 26,774 | -1,552 | -5,000 | 151,916 | -1,356,169 | 1,356,169 | ||||||||
| share issue | ||||||||||||||
| interest | -1,810 | -2,114 | ||||||||||||
| cash flow from financing | -90,525 | -297,013 | -277,650 | -763,575 | 319,616 | 1,640,138 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -22,424 | -40,484 | 13,418 | -25,070 | 73,494 | -23,104 | -125,533 | -174,472 | 240,316 | -19,794 | -61,627 | 72,488 | 92,792 | |
| overdraft | ||||||||||||||
| change in cash | -22,424 | -40,484 | 13,418 | -25,070 | 73,494 | -23,104 | -125,533 | -174,472 | 240,316 | -19,794 | -61,627 | 72,488 | 92,792 |
cleardebt limited Credit Report and Business Information
Cleardebt Limited Competitor Analysis
Perform a competitor analysis for cleardebt limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in WA14 area or any other competitors across 12 key performance metrics.
cleardebt limited Ownership
CLEARDEBT LIMITED group structure
Cleardebt Limited has no subsidiary companies.
cleardebt limited directors
Cleardebt Limited currently has 1 director, Mr David Mond serving since Jun 2004.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Mond | 79 years | Jun 2004 | - | Director |
P&L
June 2023turnover
65.3k
-60%
operating profit
-1.7k
0%
gross margin
16.1%
-5.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-168.5k
+0.01%
total assets
11.1k
-0.86%
cash
0
0%
net assets
Total assets minus all liabilities
cleardebt limited company details
company number
05157741
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
June 2004
age
21
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
unit 2 the courtyard, 283 ashley road, altrincham, WA14 3NG
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
cleardebt limited Charges & Mortgages
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 did not find charges/mortgages relating to cleardebt limited.
cleardebt limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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cleardebt limited Companies House Filings - See Documents
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