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W.M. Codd Limited

01163524

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 5, STAFFORD, ST16 3DR
Incorporated 19/03/1974

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Simon Andrew Tin

director · Since 12/08/2022

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 5 other boards

Persons with Significant Control

Diesel Marine International Limited

75–100% shares
75–100% votes
Appoint directors

West Chirton Industrial Estate, Gloucester Road, North Shields, NE29 8RQ

Reg: 04229349 · Companies House · Company Limited By Shares

Notified 12/08/2022

Former PSCs

Mr Andrew Morwood John Codd

Ceased 12/08/2022

Mrs Julie Codd

Ceased 12/08/2022

Charges1 outstanding

Charge
outstanding

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 28/11/2022Registered 07/12/2022
charge
satisfied

MIDLAND BANK PLC

Created 15/03/1990Registered 23/03/1990Satisfied 25/11/2022
charge
satisfied

MIDLAND BANK PLC

Created 21/02/1986Registered 26/02/1986Satisfied 27/05/2020

CompanyRankvs 311+ SIC 43999 peers
69

Financial strength95th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 8.66× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. As shown in the P&L on page 7 the company has a reported loss of £393,821 (2023: loss £416,983) for the year ended 31 December 2024. However, the Directors have secured a substantial new Custome

Key FinancialsYear ending 31/12/2024

Net Worth

£814k

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£1.9M

Current Liabilities

£216k

Fixed Assets

£73k

Debtors

£1.7M

22avg. employees-18

Tax at Year End(2023)

Corp tax£0

Balance Sheet

Assets less current liabilities£1.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20248.66-£394k
20235.64-£417k
20224.45+£518k
20212.85+£206k
20202.36-£91k
20192.37+£231k
20182.51+£11k
20172.62—

Derived from filed accounts. Not audited figures.