Clearwell Technology Ltd

Clearwell Technology Ltd, based in Banchory, UK, is a small, active company founded seven years ago. With just two employees and £2,117,170 in assets, it’s a modest operation led by two directors and owners. The company is an irregular importer, primarily dealing with miscellaneous metal items, with recent activity recorded just one month ago.

The company’s website highlights a focus on decommissioning oil and gas wells, offering unique exothermic milling systems aimed at reducing time, cost, and carbon emissions. They position themselves as a key player in simplifying the energy transition, partnering with sponsors and offering technical solutions. The website includes contact details and copyright information, and uses cookies to analyze traffic.

Financially, Clearwell Technology Ltd's recent report shows a mixed picture. While net assets are negative at -£28,000, current assets have skyrocketed by 2000%, reaching £2,000,000. Bank borrowings have also increased significantly, rising by 19%, and creditors have seen a massive jump of 1100%. Despite these challenges, the company’s small size—meeting two of three criteria for a small business—allows for agility. The report doesn't mention an auditor, which is common for small, exempt companies.

The company's focus on a specialized niche within the energy sector—decommissioning—suggests a potential for growth, but the negative equity and increased debt raise questions about its long-term financial health.

Registered in Scotland under the registration number SC584699, with a registered address at AB31 6DL, United Kingdom, Banchory, Aberdeenshire, No 3 Inchloan, Durris.

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