Clearline Distribution Limited

Clearline Distribution Ltd from Craigavon, UK, is a small, active company founded eight years ago. Employing six people and holding £1,729,271 in assets, it operates from a real address and is managed by two directors and two owners. The company is an irregular importer, with its top import category being none, totaling one month of imports, the last operation conducted on October 01, 2019.

The company's website showcases a wide range of products and services, primarily focused on wholesale distribution. It operates an e-commerce platform selling drinks, food, vapes, and non-food items, including batteries, electrical objects, Yankee candles, and toys. It also provides distribution services for leading food and beverage brands, and offers vape hub products. The website highlights its commitment to being a "local trusted supplier," and even features a section dedicated to its history and brands.

Financially, Clearline Distribution Ltd shows a mixed picture. Current assets remained stable at £1,700,000, while net assets increased by 52% to £1,300,000. Bank borrowings significantly decreased by 98%, reaching just £320, while cash reserves surged by 1500% to £140,000. Creditors also decreased by 45%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile, but the significant increase in cash reserves suggests a period of reduced investment or a focus on building up a financial buffer. With no auditor mentioned, the financial data relies on unaudited statements.

It seems Clearline Distribution Ltd is navigating a competitive wholesale market, leveraging its online presence and strong supplier relationships. The company's ability to maintain a stable asset base while significantly increasing cash reserves points to a period of cautious growth and financial stability.

Registered in Northern Ireland under the registration number NI639027, with a registered address at BT66 7SH, Northern Ireland, Craigavon, 30a Ballynabragget Road, Waringstown.

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