Cordic Group Limited
11615134
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/10/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 17 other boards
director · Since 04/10/2021
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 48
Also on 5 other boards
Persons with Significant Control
Oakfield Capital Iii Lp
23-24, George Street, Richmond, TW9 1HY
Notified 01/11/2018
Former PSCs
Mr Michael James Patton
Ceased 01/11/2018
Charges1 outstanding
OAKFIELD CAPITAL III LP AS SECURITY TRUSTEE
CompanyRankvs 270790+ SIC 64209 peers42
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
£516k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£654k
Working capital
Current Assets
£4.2M
Current Liabilities
£4.8M
Fixed Assets
£1.2M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.86 | -£904k |
| 2023 | 1.30 | +£4.3M |
| 2022 | 8.58 | -£1.8M |
| 2021 | 0.20 | -£651k |
| 2020 | 4.31 | -£6.2M |
| 2019 | 0.96 | — |
Derived from filed accounts. Not audited figures.