clear 123 limited
clear 123 limited Company Information
Company Number
SC528856
Next Accounts
Sep 2025
Shareholders
pease bay farms limited
andrew faichney
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
drysdale quarry cockburnspath, dunbar, TD13 5AA
Website
-clear 123 limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAR 123 LIMITED at £31.3m based on a Turnover of £37.3m and 0.84x industry multiple (adjusted for size and gross margin).
clear 123 limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAR 123 LIMITED at £17.7m based on an EBITDA of £2.7m and a 6.63x industry multiple (adjusted for size and gross margin).
clear 123 limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAR 123 LIMITED at £9.3m based on Net Assets of £4.4m and 2.11x industry multiple (adjusted for liquidity).
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Clear 123 Limited Overview
Clear 123 Limited is a live company located in dunbar, TD13 5AA with a Companies House number of SC528856. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2016, it's largest shareholder is pease bay farms limited with a 100% stake. Clear 123 Limited is a young, large sized company, Pomanda has estimated its turnover at £37.3m with healthy growth in recent years.
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Clear 123 Limited Health Check
Pomanda's financial health check has awarded Clear 123 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £37.3m, make it larger than the average company (£20.2m)
£37.3m - Clear 123 Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.4%)
11% - Clear 123 Limited
7.4% - Industry AVG
Production
with a gross margin of 25.1%, this company has a higher cost of product (33.7%)
25.1% - Clear 123 Limited
33.7% - Industry AVG
Profitability
an operating margin of 4% make it less profitable than the average company (5.9%)
4% - Clear 123 Limited
5.9% - Industry AVG
Employees
with 238 employees, this is above the industry average (110)
238 - Clear 123 Limited
110 - Industry AVG
Pay Structure
on an average salary of £19.5k, the company has a lower pay structure (£49.8k)
£19.5k - Clear 123 Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £156.8k, this is less efficient (£205.1k)
£156.8k - Clear 123 Limited
£205.1k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (45 days)
77 days - Clear 123 Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (42 days)
70 days - Clear 123 Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (48 days)
15 days - Clear 123 Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (15 weeks)
3 weeks - Clear 123 Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.9%, this is a higher level of debt than the average (55.6%)
83.9% - Clear 123 Limited
55.6% - Industry AVG
CLEAR 123 LIMITED financials
Clear 123 Limited's latest turnover from December 2023 is £37.3 million and the company has net assets of £4.4 million. According to their latest financial statements, Clear 123 Limited has 238 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 37,322,089 | 28,138,252 | 41,762,927 | 27,119,816 | 22,702,673 | 20,741,333 | 19,573,179 | 18,261,787 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 27,967,762 | 22,785,845 | 30,703,532 | 22,239,739 | 19,024,872 | 16,416,990 | 15,354,700 | 14,110,108 |
| Gross Profit | 9,354,327 | 5,352,407 | 11,059,395 | 4,880,077 | 3,677,801 | 4,324,343 | 4,218,479 | 4,151,679 |
| Admin Expenses | 7,871,110 | 6,308,202 | 9,344,432 | 3,798,807 | 3,961,216 | 3,329,481 | 3,781,854 | 3,663,953 |
| Operating Profit | 1,483,217 | -955,795 | 1,714,963 | 1,081,270 | -283,415 | 994,862 | 436,625 | 487,726 |
| Interest Payable | 801,991 | 610,696 | 582,837 | 394,572 | 282,603 | 357,404 | 410,665 | 436,371 |
| Interest Receivable | 794 | 4,063 | 1,305 | |||||
| Pre-Tax Profit | 681,226 | -1,566,491 | 462,046 | 712,492 | -561,955 | 638,763 | 25,960 | 51,355 |
| Tax | -152,534 | 456,756 | -412,546 | -30,553 | 147,843 | -7,354 | -15,671 | -14,920 |
| Profit After Tax | 528,692 | -1,109,735 | 49,500 | 681,939 | -414,112 | 631,409 | 10,289 | 36,435 |
| Dividends Paid | ||||||||
| Retained Profit | 528,692 | -1,109,735 | 49,500 | 681,939 | -414,112 | 631,409 | 10,289 | 36,435 |
| Employee Costs | 4,637,325 | 3,728,076 | 5,300,111 | 1,342,153 | 1,427,500 | 1,532,389 | 1,610,644 | 2,634,165 |
| Number Of Employees | 238 | 175 | 258 | 147 | 130 | 126 | 123 | 116 |
| EBITDA* | 2,664,978 | 157,990 | 3,020,276 | 1,887,780 | 458,465 | 1,704,062 | 977,322 | 1,037,426 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,023,348 | 14,771,129 | 15,466,899 | 7,395,781 | 6,123,183 | 6,085,731 | 5,924,151 | 5,416,341 |
| Intangible Assets | 75,569 | 254,849 | 434,129 | 703,049 | 882,330 | 1,061,610 | 1,240,890 | 1,420,170 |
| Investments & Other | 1,200,000 | 1,200,000 | 1,175,000 | 1,175,000 | 1,175,000 | 1,027,000 | ||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 14,098,917 | 15,025,978 | 17,101,028 | 9,298,830 | 8,180,513 | 8,322,341 | 8,340,041 | 7,863,511 |
| Stock & work in progress | 1,224,013 | 3,992,562 | 4,956,997 | 5,541,685 | 4,185,211 | 3,788,076 | 3,433,613 | 3,130,774 |
| Trade Debtors | 7,970,512 | 6,503,491 | 5,899,155 | 2,557,070 | 1,941,086 | 1,624,880 | 1,789,542 | 1,800,274 |
| Group Debtors | 123,135 | |||||||
| Misc Debtors | 2,840,965 | 1,535,654 | 577,459 | 442,909 | 508,464 | 376,367 | 509,501 | 595,679 |
| Cash | 1,162,293 | 5,539 | 182,646 | 472,437 | ||||
| misc current assets | ||||||||
| total current assets | 13,320,918 | 12,037,246 | 11,616,257 | 8,541,664 | 6,634,761 | 6,261,760 | 5,732,656 | 5,526,727 |
| total assets | 27,419,835 | 27,063,224 | 28,717,285 | 17,840,494 | 14,815,274 | 14,584,101 | 14,072,697 | 13,390,238 |
| Bank overdraft | 257,633 | 1,319,407 | 414,868 | 1,867,092 | 2,448,075 | 2,751,006 | ||
| Bank loan | 1,580,804 | 1,686,493 | 1,206,572 | 565,002 | 352,826 | 177,826 | 185,905 | |
| Trade Creditors | 5,379,016 | 4,686,754 | 3,447,254 | 3,231,852 | 3,073,400 | 2,314,550 | 3,196,935 | 2,613,439 |
| Group/Directors Accounts | 469,660 | 740,824 | 740,824 | 440,824 | 481,434 | 269,660 | 639,187 | |
| other short term finances | 258,603 | 302,008 | 628,668 | |||||
| hp & lease commitments | 481,127 | 485,411 | 574,748 | 322,322 | 444,080 | 597,450 | 547,423 | 250,048 |
| other current liabilities | 8,835,834 | 7,281,193 | 6,231,395 | 3,457,434 | 2,031,792 | 1,817,825 | 1,575,280 | 775,987 |
| total current liabilities | 17,005,044 | 15,182,683 | 13,087,094 | 9,336,841 | 6,798,400 | 7,044,403 | 8,592,805 | 6,390,480 |
| loans | 4,021,842 | 5,341,179 | 5,712,410 | 2,771,944 | 2,920,791 | 1,968,452 | 1,896,844 | 1,931,536 |
| hp & lease commitments | 621,197 | 1,072,327 | 1,386,178 | 585,465 | 584,288 | 445,340 | 701,813 | 328,326 |
| Accruals and Deferred Income | ||||||||
| other liabilities | 1,163,262 | 1,313,263 | 1,413,263 | 1,613,262 | 401,038 | |||
| provisions | 1,353,381 | 1,200,847 | 690,024 | 277,478 | 224,968 | 224,968 | 224,968 | 209,297 |
| total long term liabilities | 5,996,420 | 7,614,353 | 8,951,874 | 4,948,150 | 5,143,310 | 4,252,022 | 2,823,625 | 2,870,197 |
| total liabilities | 23,001,464 | 22,797,036 | 22,038,968 | 14,284,991 | 11,941,710 | 11,296,425 | 11,416,430 | 9,260,677 |
| net assets | 4,418,371 | 4,266,188 | 6,678,317 | 3,555,503 | 2,873,564 | 3,287,676 | 2,656,267 | 4,129,561 |
| total shareholders funds | 4,418,371 | 4,266,188 | 6,678,317 | 3,555,503 | 2,873,564 | 3,287,676 | 2,656,267 | 4,129,561 |
| Dec 2023 | Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 1,483,217 | -955,795 | 1,714,963 | 1,081,270 | -283,415 | 994,862 | 436,625 | 487,726 |
| Depreciation | 1,002,481 | 934,505 | 1,036,393 | 627,229 | 562,600 | 529,920 | 361,417 | 370,420 |
| Amortisation | 179,280 | 179,280 | 268,920 | 179,281 | 179,280 | 179,280 | 179,280 | 179,280 |
| Tax | -152,534 | 456,756 | -412,546 | -30,553 | 147,843 | -7,354 | -15,671 | -14,920 |
| Stock | -2,768,549 | -964,435 | -584,688 | 1,356,474 | 397,135 | 354,463 | 302,839 | 3,130,774 |
| Debtors | 2,895,467 | 1,562,531 | 3,476,635 | 550,429 | 448,303 | -297,796 | -96,910 | 2,395,953 |
| Creditors | 692,262 | 1,239,500 | 215,402 | 158,452 | 758,850 | -882,385 | 583,496 | 2,613,439 |
| Accruals and Deferred Income | 1,554,641 | 1,049,798 | 2,773,961 | 1,425,642 | 213,967 | 242,545 | 799,293 | 775,987 |
| Deferred Taxes & Provisions | 152,534 | 510,823 | 412,546 | 52,510 | 15,671 | 209,297 | ||
| Cash flow from operations | 4,784,963 | 2,816,771 | 3,117,692 | 1,586,928 | 733,687 | 1,000,201 | 2,154,182 | -905,498 |
| Investing Activities | ||||||||
| capital expenditure | -669,511 | -1,017,226 | -1,681,093 | |||||
| Change in Investments | -1,200,000 | 25,000 | 148,000 | 1,027,000 | ||||
| cash flow from investments | 1,200,000 | -25,000 | -669,511 | -1,165,226 | -2,708,093 | |||
| Financing Activities | ||||||||
| Bank loans | -105,689 | 479,921 | 641,570 | 212,176 | 175,000 | -8,079 | 185,905 | |
| Group/Directors Accounts | -271,164 | 300,000 | -40,610 | 211,774 | -369,527 | 639,187 | ||
| Other Short Term Loans | -43,405 | -326,660 | 628,668 | |||||
| Long term loans | -1,319,337 | -371,231 | 2,940,466 | -148,847 | 952,339 | 71,608 | -34,692 | 1,931,536 |
| Hire Purchase and Lease Commitments | -455,414 | -403,188 | 1,053,139 | -120,581 | -14,422 | -206,446 | 670,862 | 578,374 |
| other long term liabilities | -1,163,262 | -150,001 | -100,000 | -199,999 | 1,613,262 | -401,038 | 401,038 | |
| share issue | ||||||||
| interest | -801,991 | -610,696 | -582,837 | -393,778 | -278,540 | -356,099 | -410,665 | -436,371 |
| cash flow from financing | -3,373,509 | -3,697,510 | 7,904,319 | -591,640 | 846,152 | 744,719 | -834,024 | 6,567,703 |
| cash and cash equivalents | ||||||||
| cash | 1,156,754 | -177,107 | 182,646 | -472,437 | 472,437 | |||
| overdraft | -257,633 | -1,061,774 | 904,539 | -1,452,224 | -580,983 | -302,931 | 2,751,006 | |
| change in cash | 1,156,754 | 80,526 | 1,244,420 | -904,539 | 979,787 | 1,053,420 | 302,931 | -2,751,006 |
clear 123 limited Credit Report and Business Information
Clear 123 Limited Competitor Analysis
Perform a competitor analysis for clear 123 limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in TD13 area or any other competitors across 12 key performance metrics.
clear 123 limited Ownership
CLEAR 123 LIMITED group structure
Clear 123 Limited has 1 subsidiary company.
Ultimate parent company
1 parent
CLEAR 123 LIMITED
SC528856
1 subsidiary
clear 123 limited directors
Clear 123 Limited currently has 5 directors. The longest serving directors include Mr James Orr (Mar 2023) and Mr Thomas Truscott (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Orr | Scotland | 57 years | Mar 2023 | - | Director |
| Mr Thomas Truscott | Scotland | 56 years | Sep 2023 | - | Director |
| Mr Andrew Faichney | Scotland | 43 years | Nov 2023 | - | Director |
| Mr David Mear | Scotland | 57 years | Mar 2024 | - | Director |
| Mr Neil Bothams | Scotland | 52 years | Dec 2024 | - | Director |
P&L
December 2023turnover
37.3m
+33%
operating profit
1.5m
-255%
gross margin
25.1%
+31.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.4m
+0.04%
total assets
27.4m
+0.01%
cash
1.2m
+208.84%
net assets
Total assets minus all liabilities
clear 123 limited company details
company number
SC528856
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SEDULO AUDIT LIMITED
address
drysdale quarry cockburnspath, dunbar, TD13 5AA
Bank
-
Legal Advisor
-
clear 123 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 found 2 charges/mortgages relating to clear 123 limited. Currently there are 2 open charges and 0 have been satisfied in the past.
clear 123 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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clear 123 limited Companies House Filings - See Documents
| date | description | view/download |
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