Clear Online Ltd

Clear Online Ltd, based in Derby, UK, is a small, active company established seventeen years ago in 2008. It’s a solo-founder operation with a real address and two directors, employing just one person and holding £33,25 assets. The company operates in the retail sale via mail order houses or via internet industries.

The primary focus of Clear Online Ltd is providing online accounting software, specifically designed for small UK businesses. Their website, Clear Books, highlights features like AI-powered bookkeeping, invoicing, tax compliance (MTD compatible), and payroll management. The software aims to streamline financial admin, reclaim evenings, and maximize payday—a compelling pitch for busy entrepreneurs. The site even boasts excellent customer reviews and partnerships with accountants, positioning Clear Books as a trusted solution. They have a 30-day free trial.

Financially, Clear Online Ltd has experienced some volatility. Cash bank on hand has dramatically decreased by 100%, dropping to just £1, while creditors have increased by 29% to £48,000. Fixed assets have plummeted by 97%, leaving only £700. On a positive note, trade debtors have decreased by 20%, and total inventories have risen by 70%. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant drop in equity—a staggering 110,000%—raises concerns. No auditor is mentioned, meaning the figures are unaudited.

While the software appears to be well-received and the company has a strong online presence, the financial data suggests a company burning through cash. The substantial decrease in cash reserves and the negative equity position indicate a need for careful management and potentially, further investment. It's likely that the company is reinvesting heavily in its product and marketing, but the long-term sustainability of this approach remains to be seen.

Registered in England/Wales under the registration number 06513640, with a registered address at DE22 4NX, England, Derby, 3 Grange Road, Langley Country Park.

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