Clear Prospects Limited

Clear Prospects Limited, based in Blackburn, UK, is a small, active company established 24 years ago in March 2001. With eight employees and £89,251 in assets, it operates from a real address and is managed by one director and owner. The company boasts a respectable Google rating of 4.0 based on 25 reviews. It functions as an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with the last import activity recorded one month ago in June 2023.

The company's core business revolves around the manufacture of other textiles, n.e.c. industries. While a website isn't available to analyze, its operations suggest a focus on textile processing or distribution rather than direct e-commerce.

Financially, Clear Prospects Limited presents a mixed picture. Accumulated depreciation has increased by 13%, indicating continued investment in assets. However, cash bank on hand has decreased by 10%, and current assets have fallen by 16%. Debtor levels have dropped significantly, by 34%, which could be a positive sign of improved collection practices, or a slowdown in sales. Creditors have also decreased by 25%, suggesting better management of short-term liabilities. Equity has remained relatively stable, with a slight increase of 3.7%. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in current assets and cash reserves warrants attention. The company’s financial statements are unaudited, and there is no auditor mentioned, which is typical for small companies.

Overall, Clear Prospects Limited appears to be navigating a period of change. While the company’s assets and equity are relatively stable, the decline in cash reserves and current assets could be a cause for concern. It’s possible that the company is reinvesting in its business, or facing temporary challenges in managing its working capital.

Registered in England/Wales under the registration number 04170303, with a registered address at BB1 5PF, England, Blackburn, Unit J3 Glenfield Business Park Site 1, Philips Road.

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