CLS CLOCKWORK LIMITED

• ⚠

  Material uncertainty over going concern

  Based on the above, the company relies on its ultimate parent company for financial support, which is not guaranteed. Additionally, the company's property serves as security for its immediate parent company's loan. If the immediate parent company is unable to continue as a going concern or comply with the terms of the loan agreement, its lenders may seek to exercise their rights in the loan agreement over the company's property. As a result, this indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business. Notwithstanding this material uncertainty on the going concern assumption, the directors are confident that given the group's track record, the group and the ultimate parent company's debt falling due for repayment in the going concern period, will be refinanced or settled in line with plans, rather than requiring repayment on maturity, or will be extinguished as part of property disposals in the period - and consequently, the ultimate parent company will be able to provide the required support to the company.

1. CLS CLOCKWORK LIMITED 2019-10-08 → present
2. 62 LONDON ROAD LIMITED 2013-06-25 → 2019-10-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Based on the above, the company relies on its ultimate parent company for financial support, which is not guaranteed. Additionally, the company's property serves as security for its immediate parent company's loan. If the immediate parent company is unable to continue as a going concern or comply with the terms of the loan agreement, its lenders may seek to exercise their rights in the loan agreement over the company's property. As a result, this indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business. Notwithstanding this material uncertainty on the going concern assumption, the directors are confident that given the group's track record, the group and the ultimate parent company's debt falling due for repayment in the going concern period, will be refinanced or settled in line with plans, rather than requiring repayment on maturity, or will be extinguished as part of property disposals in the period - and consequently, the ultimate parent company will be able to provide the required support to the company.”

Significant events

• “The risk remains high given Russia's invasion of Ukraine and economic concerns over, and responses to, higher levels of inflation and slowing GDP.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +55.2%

  £1,652,360 → £2,564,158

• Cash

  +61.5%

  £101,108 → £163,284

• Net assets

  +142.3%

  -£13,717,156 → £5,807,097

• Employees

  —

  Not reported

• Operating profit

  +75.7%

  -£6,840,632 → -£1,665,446

• Profit before tax

  +54.5%

  -£9,641,636 → -£4,386,373

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers