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Somer Asset Management Limited

07587176

active
ltd
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

The Island House The Island, Midsomer Norton, Radstock, BA3 2DZ
Incorporated 01/04/2011

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 13/09/2025

Due 27/09/2026

On track

Industry

70221
Financial management

Officers

Mr Michael Charles Cleaves

director · Since 01/04/2011

FINANCIAL ADVISOR

BRITISH · UNITED KINGDOM · Age 56

Also on 1 other board

Mrs Kay Cleaves

director · Since 24/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 58

Michael Charles Cleaves

director · Since 01/04/2011

British · United Kingdom · Age 56

Kay Cleaves

director · Since 24/11/2022

British · England · Age 58

Persons with Significant Control

Mr Michael Charles Cleaves

75–100% shares
75–100% votes

British · United Kingdom · Age 56

14, Dymboro Gardens, Radstock, BA3 2QT

Notified 01/04/2017

Change History

officer appointedCLEAVES, Kay
2026-06-16
officer appointedCLEAVES, Michael Charles
2026-06-16
statusactive
2026-06-16

Active

typeltd
2026-06-16

Private Limited Company

address line1The Island House The Island
2026-06-16

THE ISLAND HOUSE THE ISLAND

post townRadstock
2026-06-16

RADSTOCK

CompanyRankvs 497+ SIC 70221 peers
81

Financial strength79th percentile among SIC peers · 20/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.27× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength20/25 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.

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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£52k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£30k

Working capital

Current Assets

£54k

Current Liabilities

£24k

Fixed Assets

£22k

2avg. employees

Balance Sheet

Assets less current liabilities£52k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.27+£18k
20242.44+£1k
20231.91+£24k
20221.07+£2k
20211.00-£8k
20201.51-£3k
20192.19

Derived from filed accounts. Not audited figures.