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Clearsprings Ready Homes Ltd

07921508

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

26 BROOK ROAD, RAYLEIGH, SS6 7XJ
Incorporated 24/01/2012

Compliance

Last accounts

31/01/2025

full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 03/02/2026

Due 17/02/2027

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Steven Frank Lakey Dipsm Miitt Aipd Miirsm

director · Since 12/12/2012

OPERATIONS DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Mr Daniel Williams

director · Since 02/06/2025

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 2 other boards

Persons with Significant Control

Mr Graham Ian King

25–50% shares

British · England · Age 59

26, Brook Road, Rayleigh, SS6 7XJ

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 13/02/2012Registered 18/02/2012

CompanyRankvs 10300+ SIC 68209 peers
61

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.08× · 12/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity12/20 pts

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

Longevity14/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/01/2024

Turnover

£1743.9M

Annual revenue

Net Worth

£7.3M

Balance sheet strength

Cash

£30.3M

Cash in the bank

Profit Before Tax

£120.1M

Bottom line earnings

Net Current Assets

£7.2M

Working capital

Current Assets

£96.2M

Current Liabilities

£89.0M

Fixed Assets

£306k

Debtors

£65.8M

Cost of Sales

£1614.4M

Gross Profit

£129.5M

Admin Expenses

£12.6M

Operating Profit

£116.9M

Profit After Tax

£91.2M

391avg. employees+188

Tax at Year End

Corp tax£4.8M
Dividends paid-£57.0M

People Costs

Wages & salaries£14.6M
NI contributions£1.5M

Balance Sheet

Assets less current liabilities£7.5M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20241.08+£1.2M
20231.07+£5.5M
20221.01

Derived from filed accounts. Not audited figures.