Cleversocks Limited

Cleversocks Ltd is a small, holding company with an active status, having been established 29 years ago in 1996. Based in Birmingham, the company employs 29 people and holds assets valued at £3,768,713. It has a real address, six directors, and one owner, though it’s important to note that the owner list may not be exhaustive. The company regularly imports and exports clothing and accessories made by knitting or crocheting – 95 months of import activity and 27 months of export activity have been recorded, with the most recent activity in February 2025.

The company operates in the wholesale of clothing and footwear industries, and it’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. It owns a company called Cleversocks Marketing Limited. The company was previously known as J S Rai & Sons Limited.

A review of Cleversocks Ltd’s financial data reveals some interesting trends. Cash and cash equivalents have seen a significant increase, jumping 790% to £690,000, which is a positive sign. However, corporation tax payable has also risen considerably, increasing by 68% to £270,000. Creditors have increased by 22% to £2.3 million, and trade debtors have fallen by 12% to £1.9 million. While net assets remained relatively stable at £1.6 million, the increase in creditors and the decrease in debtors could indicate a need for improved cash flow management. It's worth noting that the company’s bank borrowings have increased, suggesting a reliance on external funding.

The company’s small size and the absence of a mentioned auditor (likely due to exemption as a small company) mean the financial information is unaudited. The increase in cash reserves is encouraging, but the rise in liabilities warrants attention. Overall, Cleversocks Ltd appears to be holding its own, but it's important to monitor its financial performance closely in the coming months.

Registered in England/Wales under the registration number 03149789, with a registered address at B12 0SJ, 101 Charles Henry Street, Birmingham.

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