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Clearaco Limited

02956726

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

NORTH LODGE, RUGELEY, WS15 1PS
Incorporated 09/08/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Kalvinder Singh

secretary · Since 03/10/1994

CLOTHING RETAILER

BRITISH · ENGLAND · Age 63

Also on 7 other boards

Kalvinder Singh

director · Since 03/10/1994

DIRECTOR AND COMPANY SECRETARY

BRITISH · ENGLAND · Age 63

Also on 7 other boards

Mr Manjit Singh

director · Since 03/10/1994

DIRECTOR

BRITISH · ENGLAND · Age 59

Persons with Significant Control

Mr Manjit Singh

25–50% shares
25–50% votes

British · England · Age 59

North Lodge, Hawkesyard, Rugeley, WS15 1PS

Notified 06/04/2016

Kalvinder Singh

25–50% shares
25–50% votes

British · England · Age 63

North Lodge, Hawkesyard, Rugeley, WS15 1PS

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 27/01/2006Registered 28/01/2006
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 27/01/2006Registered 28/01/2006

CompanyRankvs 9392+ SIC 41100 peers
62

Financial strength86th percentile among SIC peers · 22/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 9.83× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2025

Net Worth

£254k

Balance sheet strength

Cash

£99k

Cash in the bank

Net Current Assets

£133k

Working capital

Current Assets

£149k

Current Liabilities

£15k

Fixed Assets

£144k

Debtors

£50k

Tax at Year End

Corp tax£10k

Director Loans

Company owes directors£87k
Directors owe company£49k

Balance Sheet

Assets less current liabilities£278k
Signed by Mr K Singh 2 March 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20259.83+£0
20259.83+£40k
20240.76+£16k
20230.43

Derived from filed accounts. Not audited figures.