UK Companies House feature
CODAT LIMITED
Cash
£55M
-29.2% vs 2023
Net assets
£92M
-17.8% vs 2023
Employees
108
-30.8% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 10480375
- Status
- Active
- Incorporation
- 2016-11-15
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62090
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-11-30 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | -£1,351,496 | -£1,561,355 | -£8,866,648 | -£20,400,713 | -£24,877,975 | -£20,378,071 | |
| Cash | £6,406,670 | £13,949,515 | £46,628,686 | £106,541,140 | £77,944,439 | £55,200,186 | |
| Total assets less current liabilities | £3,005,599 | — | — | — | — | — | |
| Net assets | £122,066 | £9,280,858 | £44,732,014 | £128,776,836 | £111,697,198 | £91,802,341 | |
| Equity | — | — | — | — | — | — | |
| Average employees | 25 | 62 | 118 | 210 | 156 | 108 | |
| Wages | £1,982,699 | £5,748,008 | £11,722,621 | £24,336,553 | £20,327,756 | £16,326,231 |
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
- Consolidated (group)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After assessing the group's actual and expected future cash flow, assessing the current liquidity position based on their current expectations of trading prospects, the directors have a reasonable expectation that the group has adequate resources in order to be able to continue in operational existence for the foreseeable future, being for a period of at least 12 months from the date of signing the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”
Subsidiaries
- Codat Inc · 100% held · New York · Provision of Saas
- Codat PTY Ltd · 100% held · Sydney, NSW · Provision of Saas
Significant events
- “The Group reported a loss of $23.6m (2023: $33.8m), which includes exceptional settlement costs of $6.1m to exit the lease early for its London office on 29 August 2024.”
- “The Group has achieved strong revenue growth, and the Directors are confident of the future performance of the Group. The Directors expect losses to diminish in subsequent periods with a clear path to profitability within existing liquidity.”
- “On 29 August 2024, Codat Limited reached an agreement with its landlord to exit the lease for its London office. Settlement costs of £4.8m were agreed to extinguish future liabilities due to expire in May 2028.”
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
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHEETHAM, Nicholas Michael | Director | 2024-04-11 | Jul 1963 | British |
| KURGAN, Stéphane Michel | Director | 2021-10-04 | Apr 1967 | Belgian |
| LORD, Peter | Director | 2016-11-15 | Jul 1991 | British |
| MCGOLDRICK, Patrick Clark | Director | 2022-04-22 | Jun 1991 | American |
| STODDART, Paul Roy | Director | 2025-05-01 | Nov 1974 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARDONA, Alexander | Director | 2016-11-15 | 2023-09-30 |
| HAMMER, Jan | Director | 2020-05-22 | 2021-10-04 |
| HOARE, David | Director | 2016-11-15 | 2023-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Lord | Individual | Shares 25–50%, Voting 25–50% | 2016-11-15 | Ceased 2017-07-27 |
| Mr David Hoare | Individual | Shares 25–50%, Voting 25–50% | 2016-11-15 | Ceased 2017-07-27 |
| Alexander Cardona | Individual | Shares 25–50%, Voting 25–50% | 2016-11-15 | Ceased 2017-07-27 |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-18 | SH01 | capital | capital allotment shares |
| 2026-02-16 | SH01 | capital | capital allotment shares |
| 2025-12-19 | SH01 | capital | capital allotment shares |
| 2025-11-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-30 | AA | accounts | accounts with accounts type group |
| 2025-08-08 | SH01 | capital | capital allotment shares |
| 2025-06-23 | SH01 | capital | capital allotment shares |
| 2025-05-07 | SH01 | capital | capital allotment shares |
| 2025-05-07 | AP01 | officers | appoint person director company with name date |
| 2025-04-15 | RESOLUTIONS | resolution | resolution |
| 2025-04-15 | MA | incorporation | memorandum articles |
| 2025-02-21 | SH01 | capital | capital allotment shares |
| 2024-11-16 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-11-07 | SH01 | capital | capital allotment shares |
| 2024-09-26 | AA | accounts | accounts with accounts type group |
| 2024-09-25 | AD01 | address | change registered office address company with date old address new address |
| 2024-05-13 | RP04SH01 | capital | second filing capital allotment shares |
| 2024-04-29 | RP04SH01 | capital | second filing capital allotment shares |
| 2024-04-12 | AP01 | officers | appoint person director company with name date |
| 2024-02-26 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory