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Cordic Technology Limited

13798165

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

SUITE 2, LDH HOUSE, ST. IVES, PE27 4AA
Incorporated 13/12/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Idris Huw Mortifee Davies

director · Since 04/05/2022

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 5 other boards

Mr Simon Ivor Veingard

director · Since 21/05/2024

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 5 other boards

Persons with Significant Control

Cabfusion Ltd

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

1 Canada Square, 1 Canada Square, London, E14 5AA

Reg: 14603503 · United Kingdom · Limited Company

Notified 15/05/2023

Former PSCs

Mr Michael James Patton

Ceased 04/05/2022

Oak Cl Holdings Limited

Ceased 15/05/2023

Charges1 outstanding

Charge
outstanding

OAK CG LIMITED

Created 23/05/2025Registered 27/05/2025
Charge
satisfied

OAKFIELD CAPITAL III LP

Created 04/05/2022Registered 10/05/2022Satisfied 22/05/2023

CompanyRankvs 285920+ SIC 62012 peers
34

Financial strength32th percentile among SIC peers · 8/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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28592Cordic Technology Limited
44
How is this score calculated?
Financial strength8/25 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.

Liquidity2/20 pts

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

Longevity4/15 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

£2

Balance sheet strength

Cash

£106k

Cash in the bank

Net Current Assets

-£1.2M

Working capital

Current Assets

£271k

Current Liabilities

£1.4M

Fixed Assets

£778k

Debtors

£165k

Profit After Tax

-£610k

36avg. employees+2

Balance Sheet

Intangible assets£762k
Assets less current liabilities-£400k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.19
20230.33
20220.33

Derived from filed accounts. Not audited figures.