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Cortex Limited

05023238

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

KINGS PARK HOUSE, SOUTHAMPTON, SO15 2AT
Incorporated 22/01/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities

Officers

Mr Anthony John Edwards

secretary · Since 28/12/2007

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 71

Also on 7 other boards

Mr Anthony John Edwards

director · Since 28/12/2007

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 71

Also on 7 other boards

Mr Michael Alan Taylor Ma Cantab

director · Since 28/12/2007

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 3 other boards

Persons with Significant Control

T2 Growth Partners Limited

50–75% shares
50–75% votes
Appoint directors

Kings Park House C/O Cortex Software, 22 Kings Park Road, Southampton, SO15 2AT

Reg: 14364955 · England And Wales · Private Company Limited By Shares

Notified 14/04/2023

Former PSCs

Innovise Limited

Ceased 05/03/2020

Mr Michael Alan Taylor

Ceased 14/04/2023

Charges1 outstanding

Charge
outstanding

T2 GROWTH PARTNERS LIMITED

Created 16/01/2026Registered 20/01/2026
Charge
satisfied

T2 GROWTH PARTNERS LIMITED

Created 18/12/2023Registered 22/12/2023Satisfied 19/06/2025
charge
satisfied

HSBC BANK PLC

Created 25/11/2010Registered 27/11/2010Satisfied 02/12/2022

CompanyRankvs 143140+ SIC 62012 peers
65

Financial strength97th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.71× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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14314Cortex Limited
71
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.

Liquidity6/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£570k

Cash in the bank

Net Current Assets

-£553k

Working capital

Current Assets

£1.3M

Current Liabilities

£1.9M

Fixed Assets

£1.8M

Debtors

£764k

43avg. employees-5

Balance Sheet

Intangible assets£1.8M
Assets less current liabilities£1.3M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.71+£113k
20231.00+£1.1M
20221.01-£554k
20211.18-£278k
20201.52—

Derived from filed accounts. Not audited figures.