Codasip Uk Limited
13802481
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
CompanyRankvs 17301+ SIC 96090 peers61
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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
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
foreseeable future. There is uncertainty over the success of future funding efforts and the cash resources of the business which represents a material risk to the company’s ability to continue as a going concern. As stated in Note 1 0 these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our
Key FinancialsYear ending 31/12/2024
Net Worth
£695k
Balance sheet strength
Cash
£105k
Cash in the bank
Profit Before Tax
£129k
Bottom line earnings
Net Current Assets
£655k
Working capital
Current Assets
£2.4M
Current Liabilities
£1.7M
Fixed Assets
£53k
Debtors
£2.3M
Cost of Sales
£43k
Admin Expenses
£9.1M
Profit After Tax
£545k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.38 | +£545k |
| 2023 | 1.14 | — |
| 2022 | 0.92 | — |
Derived from filed accounts. Not audited figures.