Clipper Contracts Limited

Clipper Contracts Ltd, based in Leicester, UK, is a small, active company established 37 years ago. Despite a strong 5.0-star Google rating from 725 reviews, the business faces some financial and reporting challenges. Currently employing just two people and holding assets of £253,124, Clipper Contracts operates as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings—with just one month of imports recorded recently. The company is led by a single director and owner, Soma Krishna.

Clipper Contracting’s website showcases a broader scope than just importing. It’s a payroll and umbrella company providing solutions for contractors and freelancers across various sectors, including construction, healthcare, education, and IT. The site emphasizes its experience (12 years), satisfied clients, and streamlined timesheet processing. It also features testimonials from clients praising its efficient service and innovative approach. The company's services are clearly geared towards facilitating temporary work arrangements and managing payroll complexities.

Financially, Clipper Contracts Ltd presents a mixed picture. While current assets have increased significantly to £250,000, a jump of 320%, net assets have also risen to £16,000, an increase of 79%. However, cash reserves have plummeted 99% to a mere £310—a concerning trend. Bank borrowings have also increased, with overdrafts rising to £75 and non-financial instruments reaching £50,000. Creditors have ballooned by 270% to £190,000, and trade debtors have surged by 730% to £160,000, suggesting a reliance on customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for agility, but the substantial increase in liabilities warrants attention. The lack of an auditor’s report, typical for small companies, means the figures are unaudited.

Overall, Clipper Contracts Ltd appears to be navigating a period of growth but also facing increased financial pressures. The company's reliance on timely customer payments and its ability to manage rising liabilities will be crucial for its long-term sustainability.

Registered in England/Wales under the registration number 02225149, with a registered address at LE5 6HF, England, Leicester, 114 Spencefield Lane.

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