Claritas Tax Limited

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claritas tax limited Company Information

Live

EstablishedSmallRapid

Company Number

08172052

Next Accounts

May 2025

Industry

Tax consultancy

Directors

Iain Wright

Matthew Hodgson

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Shareholders

iain david wright

richard smith

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Group Structure

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Contact

Registered Address

3rd floor enterprise house, 115 edmund street, birmingham, B3 2HJ

Website

www.claritastax.co.uk

claritas tax limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of CLARITAS TAX LIMITED at £2.7m based on a Turnover of £2.5m and 1.09x industry multiple (adjusted for size and gross margin).

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Claritas Tax Limited is a live company located in birmingham, B3 2HJ with a Companies House number of 08172052. It operates in the tax consultancy sector, SIC Code 69203. Founded in August 2012, it's largest shareholder is iain david wright with a 4.3% stake. Claritas Tax Limited is a established, small sized company, Pomanda has estimated its turnover at £2.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Claritas Tax Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

4 Strong

1 Regular

6 Weak

Size

annual sales of £2.5m, make it larger than the average company (£218.5k)

Growth

3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (5.4%)

EXPORT

Claritas Tax Limited's latest turnover from August 2023 is estimated at £2.5 million and the company has net assets of £732.1 thousand. According to their latest financial statements, Claritas Tax Limited has 44 employees and maintains cash reserves of £110.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013
Turnover	2,509,522	2,037,891	1,040,621	663,702	789,543	772,661	828,104	726,547	460,201	352,695	132,720
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,208,847	1,311,422	574,415	325,452	274,411	436,443	445,013	67,291	41,542	113,799	44,924
Gross Profit	1,300,675	726,470	466,206	338,251	515,132	336,217	383,091	659,256	418,659	238,896	87,796
Admin Expenses	1,195,396	596,537	358,543	427,245	480,914	243,007	261,160	434,641	237,278	193,509	63,575
Operating Profit	105,279	129,933	107,663	-88,994	34,218	93,210	121,931	224,615	181,381	45,387	24,221
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,978	2,863	209	175	507	387	102	87	87	145	42
Pre-Tax Profit	113,257	132,795	107,873	-88,819	34,725	93,598	122,033	224,702	181,468	45,532	24,262
Tax	-28,314	-25,231	-20,496	0	-6,598	-17,784	-23,186	-45,501	-37,267	-9,562	-5,580
Profit After Tax	84,943	107,564	87,377	-88,819	28,127	75,814	98,847	179,201	144,201	35,970	18,682
Dividends Paid	0	0	0	0	0	0	0	128,304	83,000	0	0
Retained Profit	84,943	107,564	87,377	-88,819	28,127	75,814	98,847	50,897	61,201	35,970	18,682
Employee Costs	1,381,666	1,407,168	970,114	477,808	760,293	448,136	301,459	238,846	167,855	85,793	38,521
Number Of Employees	44	36	31	21	18	14	10	7	4	2	1
EBITDA*	193,971	219,219	141,604	-68,304	50,558	106,022	124,047	225,595	183,680	47,403	25,888

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013
Tangible Assets	121,669	108,647	39,011	46,840	53,908	48,761	37,818	1,106	1,665	2,738	3,822
Intangible Assets	160,000	220,000	280,000	1,646	1,852	0	0	0	0	0	0
Investments & Other	150,237	100	100	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	431,906	328,747	319,111	48,486	55,760	48,761	37,818	1,106	1,665	2,738	3,822
Stock & work in progress	0	0	0	164,967	86,175	24,656	0	0	0	0	0
Trade Debtors	1,496,155	1,153,197	675,727	442,031	437,022	441,390	369,433	278,472	130,807	73,230	37,309
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	304	0	0
Cash	110,671	193,270	133,877	284,902	65,659	69,466	33,816	48,085	51,504	41,326	16,600
misc current assets	0	0	51,446	0	0	0	0	2,408	7,309	4,376	0
total current assets	1,606,826	1,346,467	861,050	891,900	588,856	535,512	403,249	328,965	189,924	118,932	53,909
total assets	2,038,732	1,675,214	1,180,161	940,386	644,616	584,273	441,067	330,071	191,589	121,670	57,731
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,143,962	816,597	450,356	418,748	241,109	211,768	144,003	38,205	7,512	65,470	37,285
Group/Directors Accounts	0	0	0	0	0	0	0	0	304	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	123,970	66,662	0	0
total current liabilities	1,143,962	816,597	450,356	418,748	241,109	211,768	144,003	162,175	74,478	65,470	37,285
loans	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
Accruals and Deferred Income	0	0	0	0	0	5,430	0	0	0	0	0
other liabilities	139,812	193,492	187,500	234,301	12,816	24,664	24,569	0	0	0	0
provisions	22,898	18,003	2,811	5,618	6,644	0	5,898	146	258	548	764
total long term liabilities	162,710	211,495	190,311	239,919	19,460	30,094	30,467	146	258	548	764
total liabilities	1,306,672	1,028,092	640,667	658,667	260,569	241,862	174,470	162,321	74,736	66,018	38,049
net assets	732,060	647,122	539,494	281,719	384,047	342,411	266,597	167,750	116,853	55,652	19,682
total shareholders funds	732,060	647,122	539,494	281,719	384,047	342,411	266,597	167,750	116,853	55,652	19,682

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013
Operating Activities
Operating Profit	105,279	129,933	107,663	-88,994	34,218	93,210	121,931	224,615	181,381	45,387	24,221
Depreciation	28,692	29,286	23,935	20,484	16,134	12,812	2,116	980	2,299	2,016	1,667
Amortisation	60,000	60,000	10,006	206	206	0	0	0	0	0	0
Tax	-28,314	-25,231	-20,496	0	-6,598	-17,784	-23,186	-45,501	-37,267	-9,562	-5,580
Stock	0	0	-164,967	78,792	61,519	24,656	0	0	0	0	0
Debtors	342,958	477,470	233,696	5,009	-4,368	71,957	90,961	147,361	57,881	35,921	37,309
Creditors	327,365	366,241	31,608	177,639	29,341	67,765	105,798	30,693	-57,958	28,185	37,285
Accruals and Deferred Income	0	0	0	0	-5,430	5,430	-123,970	57,308	66,662	0	0
Deferred Taxes & Provisions	4,895	15,192	-2,807	-1,026	6,644	-5,898	5,752	-112	-290	-216	764
Cash flow from operations	154,959	97,951	81,180	24,508	17,364	58,922	-2,520	120,622	96,946	29,889	21,048
Investing Activities
capital expenditure	-41,714	-98,922	-304,466	-13,416	-23,339	-23,755	-38,828	-421	-1,226	-932	-5,489
Change in Investments	150,137	0	100	0	0	0	0	0	0	0	0
cash flow from investments	-191,851	-98,922	-304,566	-13,416	-23,339	-23,755	-38,828	-421	-1,226	-932	-5,489
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	-304	304	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-53,680	5,992	-46,801	221,485	-11,848	95	24,569	0	0	0	0
share issue	-5	64	170,398	-13,509	13,509	0	0	0	0	0	1,000
interest	7,978	2,863	209	175	507	387	102	87	87	145	42
cash flow from financing	-45,707	8,919	123,806	208,151	2,168	482	24,671	-217	391	145	1,042
cash and cash equivalents
cash	-82,599	59,393	-151,025	219,243	-3,807	35,650	-14,269	-3,419	10,178	24,726	16,600
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-82,599	59,393	-151,025	219,243	-3,807	35,650	-14,269	-3,419	10,178	24,726	16,600

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLARITAS TAX LIMITED group structure

Claritas Tax Limited has 2 subsidiary companies.

Ultimate parent company

CLARITAS TAX LIMITED

08172052

2 subsidiaries

CLARITAS EMPLOYMENT TAX LIMITED

09208474

CLARITAS TAX ADVISERS LIMITED

11849441

CLARITAS TAX LIMITED Shareholders

iain david wright	4.34%
richard smith	4.26%
ses memhi	4.26%
al milne	4.26%
fiona holloway	4.26%
guy kendall	4.26%
samantha hart	4.26%
robert brown	4.26%
stuart brodie	4.26%
caroline walton	4.26%

Claritas Tax Limited currently has 3 directors. The longest serving directors include Mr Iain Wright (Aug 2012) and Mr Matthew Hodgson (Apr 2021).

officer	country	age	start	end	role
Mr Iain Wright	England	52 years	Aug 2012	-	Director
Mr Matthew Hodgson	England	48 years	Apr 2021	-	Director
Mr Andrew Pearson		66 years	Oct 2021	-	Director

P&L

August 2023

turnover

2.5m

+23%

operating profit

105.3k

gross margin

51.9%

+45.39%

turnover

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

Balance Sheet

August 2023

net assets

732.1k

+0.13%

total assets

+0.22%

cash

110.7k

-0.43%

net assets

Total assets minus all liabilities

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company number

08172052

Type

Private limited with Share Capital

industry

69203 - Tax consultancy

incorporation date

August 2012

ultimate parent company

None

previous names

N/A

address

3rd floor enterprise house, 115 edmund street, birmingham, B3 2HJ

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 2 charges/mortgages relating to claritas tax limited. Currently there are 2 open charges and 0 have been satisfied in the past.

claritas tax limited Company Information

claritas tax limited Estimated Valuation

claritas tax limited Estimated Valuation

claritas tax limited Estimated Valuation

Claritas Tax Limited Overview

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