CLARITUM LIMITED
Company number 03878694 · Monitor this company
Executive summary
Claritum Limited was a long-established niche software company whose principal asset — a proprietary platform with over £1.1m of cumulative development investment and a contracted recurring client base — was undermined by chronic undercapitalization, a heavily secured capital stack, and subscale economics, culminating in the company's recorded dissolution following liquidation. The financial record shows an operating model stabilizing through cost reduction (headcount halved to seven; reserves improving by c. £46k over two years) even as liquidity collapsed to £370 of cash against a £266k working capital deficit. The strategic lesson for stakeholders and comparable businesses is clear: in niche software, distribution and capital determine outcomes as much as code, and a structured trade sale executed early captures value that a distressed process rarely does.
Shareholders' funds
-£174,045
Balance sheet as at 2024-02-29
Overview
- Company type
- Private Limited Company
- Incorporated
- 1999-11-17
- Dissolved
- 2026-11-05
- Registered office
- Hermes House, Fire Fly Avenue, Swindon, SN2 2GA
- Postcode
- SN2 2GA
- Capital
- 150,297 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-02-29
- Financial year end
- 28 February
Confirmation statement
- Last statement dated
- 2023-11-17
Nature of business (SIC)
- 58290 Other software publishing
- 62012 Business and domestic software development
- 62090 Other information technology service activities
- 63120 Web portals
Officers 3 current · 7 resigned
Group structure
Controlled by OUTSOURCE UK LIMITED — since 2016-04-06
From persons-with-significant-control filings on the public register.
Contact details
- Website
- http://www.claritum.co.uk
Previous company names
| Name | Date changed |
|---|---|
| MIGHTY LIFE LIMITED | 2001-07-16 |
| ROBIN GOOD LIMITED | 2000-05-10 |
Previous registered addresses 9
| Address | Changed on |
|---|---|
| MINERVA HOUSE LOWER BRISTOL ROAD, BATH, BA2 9ER, ENGLAND | 2019-11-26 |
| 30 GAY STREET, BATH, BA1 2PA | 2017-04-26 |
| CHARTER HOUSE THE SQUARE, LOWER BRISTOL ROAD, BATH, BA2 3BH | 2015-05-12 |
| 75 RADSTOCK ROAD, MIDSOMER, NORTON, RADSTOCK, SOMERSET, BA3 2AR | 2009-09-14 |
| GISTERED OFFICE CHANGED ON 14/09/2009 FROM, 75 RADSTOCK ROAD, MIDSOMER, NORTON, RADSTOCK, SOMERSET, BA3 2AR | 2009-09-14 |
| BAKER TILLY, 1 GEORGES SQUARE, BRISTOL, BS1 6BP | 2005-08-19 |
| C/O BAKER TILLEY, SOUTHEY HOUSE, 33 WINE STREET, BRISTOL BS1 2BQ | 2003-06-01 |
| LAWRENCE HOUSE, LOWER BRISTOL ROAD, BATH, BA2 9ET | 2002-05-01 |
| 39 ENTRY HILL, BATH, AVON BA2 5LY | 2001-08-28 |
The class of 1999
42%
of the 64,736 companies incorporated in 1999 are still active today; 55% have since been dissolved.
A fact about the year, not a forecast for this company.