CODAT LIMITED

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

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.”

Group structure

1. CODAT LIMITED · parent
   1. Codat Inc 100% · New York · Provision of Saas
   2. Codat PTY Ltd 100% · 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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

9

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -29.2%

  £77,944,439 → £55,200,186

• Net assets

  -17.8%

  £111,697,198 → £91,802,341

• Employees

  -30.8%

  156 → 108

• Wages

  -19.7%

  £20,327,756 → £16,326,231

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers