UK Companies House feature
CODURANCE LTD
Cash
£3M
+0.9% vs 2021
Net assets
£4M
+12.7% vs 2021
Employees
121
+47.6% vs 2021
Profit before tax
£1M
-34.3% vs 2021
Profile
- Company number
- 08712584
- Status
- Active
- Incorporation
- 2013-10-01
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
4-year trend · vs UK AI & Enterprise SaaS median
Accounts
4-year trend · latest 2022-12-31
| Metric | Trend | 2019-10-31 | 2020-10-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £10,679,446 | £12,820,257 | |
| Operating profit | — | — | £2,112,813 | £1,380,941 | |
| Profit before tax | — | — | £2,118,832 | £1,391,346 | |
| Net profit | — | — | £1,766,500 | £1,460,794 | |
| Cash | £898,895 | — | £3,469,559 | £3,499,391 | |
| Total assets less current liabilities | £1,780,757 | — | £3,647,164 | £4,115,488 | |
| Net assets | £1,764,916 | — | £3,621,387 | £4,082,181 | |
| Equity | £1,764,916 | £2,854,887 | £3,621,387 | £4,082,181 | |
| Average employees | 65 | — | 82 | 121 | |
| Wages | — | — | £5,661,863 | £7,163,596 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering the potential impact of the above, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the future. Thus the directors continue to adopt the going concern basis of accounting.”
Significant events
- “While the current global economic climate continues to present challenges for all across the industry, the company has improved its financial position over the past year.”
- “Turnover during the year to 31 December 2024 increased by 5.3% to £12.073m (2023: £11.461m). Operating profit before depreciation, amortisation and exceptional charges increased by 207.5% to £2.677m (2023: £871K).”
- “During the year the company undertook a reorganisation process which resulted in employee termination agreements consisting of redundancies (£14,025) and payment in lieu of notice amounts (£40,748).”
- “Since the year end the Company has declared and paid interim dividends of £400,000.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BADAR, Mashooq | Director | 2013-10-01 | Nov 1976 | British |
| NARDI MANCUSO, Sandro | Director | 2013-10-01 | Jul 1976 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Codurance Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-06-24 | Active |
| Mr Sandro Nardi Mancuso | Individual | Significant influence | 2016-04-06 | Ceased 2024-11-05 |
| Mr Mashooq Badar | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-11 | CH01 | officers | change person director company with change date |
| 2025-10-02 | AA | accounts | accounts with accounts type full |
| 2025-09-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-23 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2025-07-23 | CH01 | officers | change person director company with change date |
| 2025-07-23 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2025-07-23 | CH01 | officers | change person director company with change date |
| 2024-11-05 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-09-25 | AA | accounts | accounts with accounts type full |
| 2024-09-13 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-09-13 | CH01 | officers | change person director company with change date |
| 2024-09-13 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-03-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-09-29 | AA | accounts | accounts with accounts type full |
| 2023-07-24 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2023-07-24 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2023-03-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-08-18 | AA | accounts | accounts with accounts type total exemption full |
| 2022-03-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-01-26 | AA01 | accounts | change account reference date company previous extended |
Credit score
Altman Z″ (private-firm) · reference 2022-12-31
7.95
SAFE
Altman Z″
- Working capital / Total assets 0.654 × 6.56 = +4.29
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.227 × 6.72 = +1.52
- Book equity / Total liabilities 2.036 × 1.05 = +2.14
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory