Clatons Ltd

Clatons Ltd from Nottingham UK: a small, active company founded eight years ago, holds £18,568 in assets, and operates from a real address. It's a solo founder venture led by a single director and owner, Kungu Anthony. The company’s status is active, and it’s been running since November 30, 2016.

Clatons Ltd focuses on retail sales via mail order and internet, operating from Office 16 22 Cyan Close, Burton Joyce. While no website is listed, this suggests a direct-to-consumer model, possibly through platforms like eBay or Etsy, or a small, bespoke online presence. It’s likely a lean operation, meeting two of three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Clatons Ltd presents a mixed picture. Current assets have fallen by 26%, dropping to £19,000, while net assets have plummeted 17%, settling at -£21,000. Bank borrowings have decreased by 12%, reaching £33,000, and cash reserves have fallen significantly by 62%, leaving just £1,500. Creditors have also decreased by 12%, to £33,000, and trade debtors have fallen by 19%, to £14,000. The company’s retained earnings and accumulated losses are at -£20,000. It’s worth noting that the company is exempt from an audit as a small company.

The decline in cash reserves and the negative equity suggest Clatons Ltd may be burning through money, typical for a startup. However, the decrease in debt and the reduction in debtors could indicate improved cash flow management. The lack of employees (zero reported) points to a very lean operation, likely relying heavily on the founder’s efforts. The company’s financial statements are unaudited, so the numbers should be viewed with some caution.

Registered in England/Wales under the registration number 10503812, with a registered address at NG14 5JX, United Kingdom, Nottingham, Office 16 22 Cyan Close, Burton Joyce.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.