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Codec Solutions Uk Limited

14552540

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

71-75 SHELTON STREET, LONDON, WC2H 9JQ
Incorporated 21/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74909
Other professional, scientific and technical activities

Officers

Ms Fiona Daly

secretary · Since 21/12/2022

Also on 1 other board

Ms Fiona Daly

director · Since 21/12/2022

SOLICITOR

IRISH · IRELAND · Age 51

Also on 1 other board

Mr Ronan Stafford

director · Since 21/12/2022

ENTREPRENEUR

IRISH · IRELAND · Age 55

Persons with Significant Control

Former PSCs

Codec Systems Limited

Ceased 21/12/2022

CompanyRankvs 12748+ SIC 74909 peers
64

Financial strength96th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.6× · 16/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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12748Codec Solutions Uk Limited
69
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.

Liquidity16/20 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

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue. Our responsibilities, and the responsibilities of the directors , with respect

Key FinancialsYear ending 31/07/2025

Turnover

£2.7M

Annual revenue

Net Worth

£552k

Balance sheet strength

Cash

£71k

Cash in the bank

Profit Before Tax

£296k

Bottom line earnings

Net Current Assets

£444k

Working capital

Current Assets

£1.2M

Current Liabilities

£740k

Fixed Assets

£108k

Debtors

£1.1M

Cost of Sales

£2.7M

Gross Profit

£52k

Admin Expenses

£951k

Operating Profit

£291k

Profit After Tax

£157k

29avg. employees+6

Tax at Year End(2023)

Corp tax£1k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20251.60+£157k
20241.15+£278k
20231.00—

Derived from filed accounts. Not audited figures.