Clearance Discount Ltd

Clearance Discount Ltd is a small, active company based in Walsall, UK, established just a year ago in August 2023. With a single employee and £5,484 in assets, it’s a solo founder operation led by director and owner, Macovei Dorel. The company operates an e-commerce site specializing in retail sales via mail order and internet, offering a wide range of furniture including sofas, chairs, beds, and garden items. Its website, Catalogue Clearance Outlet, boasts a large showroom and nationwide delivery service, with a focus on discounted furniture from well-known brands.

The site’s inventory is extensive, featuring everything from sofas and beds to dining sets and bedroom furniture, often with "B Grade" items offered at significantly reduced prices. Customer reviews are positive, praising the service and quality of products. The company’s focus on discounted furniture and a large selection suggests an attempt to capture a broad customer base seeking affordable home furnishings.

Financially, Clearance Discount Ltd presents a picture of a very small enterprise still in its early stages. Net assets are a modest £280, and cash reserves sit at a low £5,500. Creditors remain steady at £5,200. The lack of employees (just one reported) points to a lean operation, and the company’s small size (meeting two of three criteria for a small company) allows for agility. The absence of an auditor, typical for small companies, means the financial statements are unaudited. While turnover figures aren’t explicitly stated, the company’s small asset base and low net assets suggest it’s not generating substantial revenue. The company’s financial position indicates it's operating on a tight margin, and it will be interesting to see how it grows in the coming years.

Registered in England/Wales under the registration number 15058859, with a registered address at WS3 1DP, England, Walsall, 7 Plover Street.

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