CLEARSPRINGS READY HOMES LTD
Trading as Ready Homes and operating as a subsidiary of Clearsprings (Management) Ltd, the company provides short-term accommodation and support services primarily to the Home Office for asylum seekers across England and Wales.
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Cash
£27M
-10.6% vs 2024
Net assets
£51M
+608% highest in 5 filed years
Employees
413
+5.6% highest in 5 filed years
Profit before tax
£59M
-51.1% vs 2024
Net assets
5-year trend · vs Real Estate median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-01-31
| Metric | Trend | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £163,323,359 | £501,822,664 | £1,293,112,483 | £1,743,883,634 | £1,387,316,412 | -20.4% | |
| Operating profit | £4,761,051 | £33,814,293 | £74,886,824 | £116,862,242 | £55,050,259 | -52.9% | |
| Profit before tax | £5,086,588 | £34,589,745 | £76,832,484 | £120,101,172 | £58,742,881 | -51.1% | |
| Net profit | £4,419,841 | £28,012,427 | £62,538,674 | £91,222,189 | £44,145,539 | -51.6% | |
| Cash | £188,156 | £24,955,392 | £59,918,160 | £30,316,810 | £27,117,291 | -10.6% | |
| Total assets less current liabilities | £492,185 | £521,118 | £6,204,467 | £7,531,980 | £51,624,154 | +585.4% | |
| Net assets | £474,847 | £500,010 | £6,038,684 | £7,260,873 | £51,406,412 | +608% | |
| Equity | £474,847 | £500,010 | £6,038,684 | £7,260,873 | £51,406,412 | +608% | |
| Average employees | 165 | 203 | 278 | 391 | 413 | +5.6% | |
| Wages | £4,329,325 | £5,480,412 | £9,254,219 | £14,607,984 | £17,206,137 | +17.8% | |
| Directors' remuneration | £192,943 | £211,032 | £259,140 | £298,505 | £362,863 | +21.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|
| Operating margin | 2.9% | 6.7% | 5.8% | 6.7% | 4.0% | |
| Net margin | 2.7% | 5.6% | 4.8% | 5.2% | 3.2% | |
| Return on capital employed | 967.3% | — | 1207.0% | 1551.5% | 106.6% | |
| Gearing (liabilities / total assets) | — | — | — | 92.5% | 72.9% | |
| Current ratio | — | — | — | 1.08x | 1.37x |
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.
Name history
Renamed 1 time since incorporation
- CLEARSPRINGS READY HOMES LTD 2012-12-12 → present
- CLEAREL LTD 2012-01-24 → 2012-12-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PEM Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management are confident based upon forecasts that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. The Company continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “ongoing litigation brought by a local authority in November 2022, for 38 charges relating to a House in Multiple Occupation ("HMO") that is used for its contract with the Home Office. All Charges relate to events that took place in 2022, for alleged offences under the Housing Act 2004.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAKEY, Steven Frank | Director | 2012-12-12 | Jun 1969 | British |
| WILLIAMS, Daniel | Director | 2025-06-02 | Mar 1981 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SLATTER, Randle James | Director | 2012-01-24 | 2025-07-31 |
| VYVYAN-ROBINSON, James Courtenay | Director | 2012-02-03 | 2023-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Graham Ian King | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-31 | AA | accounts | Accounts with accounts type full | |
| 2024-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-19 | AA | accounts | Accounts with accounts type full | |
| 2023-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-28 | AA | accounts | Accounts with accounts type full | |
| 2022-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-25 | AA | accounts | Accounts with accounts type full | |
| 2021-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-08 | AA | accounts | Accounts with accounts type full | |
| 2020-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-19 | CH01 | officers | Change person director company with change date | |
| 2019-09-19 | CH01 | officers | Change person director company with change date | |
| 2019-09-19 | CH01 | officers | Change person director company with change date | |
| 2019-06-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.