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Codurance Ltd

08712584

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

3 SUTTON LANE, LONDON, EC1M 5PU
Incorporated 01/10/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Mashooq Badar

director · Since 01/10/2013

SOFTWARE ENGINEER

BRITISH · SPAIN · Age 49

Also on 1 other board

Mr Sandro Nardi Mancuso

director · Since 01/10/2013

SOFTWARE ENGINEER

BRITISH · SPAIN · Age 50

Also on 1 other board

Persons with Significant Control

Mr Mashooq Badar

Significant control

British · Spain · Age 49

3, Sutton Lane, London, EC1M 5PU

Notified 06/04/2016

Codurance Holdings Ltd

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

3, Sutton Lane, London, EC1M 5PU

Reg: 12489434 · Companies House · Limited Company

Notified 24/06/2020

Former PSCs

Mr Sandro Nardi Mancuso

Ceased 05/11/2024

CompanyRankvs 833+ SIC 62012 peers
78

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.22× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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833Codurance Ltd
87
How is this score calculated?
Financial strength25/25 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.

Longevity13/15 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

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

Going Concern Doubt

assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Going concern The coronavirus will have a significant impact on a large number of businesses including the company. Thus the directors are aware of certain material uncertainties which may cast doubt ov

Key FinancialsYear ending 31/12/2021

Net Worth

£3.6M

Balance sheet strength

Cash

£3.5M

Cash in the bank

Net Current Assets

£3.5M

Working capital

Current Assets

£5.1M

Current Liabilities

£1.6M

Fixed Assets

£103k

Debtors

£1.7M

82avg. employees

Tax at Year End

VAT£208k

Balance Sheet

Assets less current liabilities£3.6M
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioEst. Revenue
20213.22£4.2M

Derived from filed accounts. Not audited figures.