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First Clarity Limited

05870648

active
Private Limited Company
england wales
Companies House
Has been liquidated
Insolvency history
Health Score
42 / 100

Notable Risks

30/30
Filing
0/30
Financial
12/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)
  • 4 outstanding charges (-8)

Details

INNOVATION CENTRE AND BUSINESS BASE, LUTON, LU2 8DL
Incorporated 10/07/2006

Compliance

Last accounts

31/07/2025

total exemption full

Next accounts due

30/04/2027

On track

Confirmation statement

Last: 04/07/2025

Due 18/07/2026

On track

Industry

62090
Other information technology service activities

Officers

Mr Reehan Sheikh

director · Since 10/07/2006

DIRECTOR

BRITISH · UNITED ARAB EMIRATES · Age 51

Also on 1 other board

Persons with Significant Control

Ms Nina Juss

25–50% shares
25–50% votes

British · United Arab Emirates · Age 49

78-80, Old Oak Common Lane, London, W3 7DA

Notified 06/04/2016

Mr Reehan Sheikh

50–75% shares
50–75% votes
Appoint directors

British · United Arab Emirates · Age 51

78-80, Old Oak Common Lane, London, W3 7DA

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

REEHAN SHEIKH

Created 06/07/2015Registered 23/07/2015
charge
outstanding

ZURICH ASSURANCE LTD

Created 29/12/2011Registered 04/01/2012
charge
outstanding

HSBC BANK PLC

Created 14/10/2010Registered 15/10/2010
charge
outstanding

LOGICA UK LIMITED

Created 17/10/2008Registered 21/10/2008

Insolvency History1 case

corporate voluntary arrangement

Mark Newman (practitioner)

CompanyRankvs 35300+ SIC 62090 peers
23

Financial strength1th percentile among SIC peers · 0/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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35300First Clarity Limited
43
How is this score calculated?
Financial strength0/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/07/2025

Net Worth

-£568k

Balance sheet strength

Cash

£351

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£18k

Current Liabilities

£586k

Debtors

£18k

2avg. employees
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.03+£19k
20240.02+£14k
20230.06—

Derived from filed accounts. Not audited figures.