CODURANCE LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +5.3%

  £11,461,377 → £12,073,058

• Cash

  +71.5%

  £2,005,642 → £3,439,778

• Net assets

  +30.1%

  £3,687,366 → £4,798,840

  highest in 5 filed years

• Employees

  -27.6%

  105 → 76

• Operating profit

  +230.8%

  £798,240 → £2,640,248

  highest in 4 filed years

• Profit before tax

  +225.9%

  £826,224 → £2,692,680

  highest in 4 filed years

• Wages

  -20.2%

  £6,897,881 → £5,503,622

  lowest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Price Bailey LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering the potential impact of the above, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the future. Thus the directors continue to adopt the going concern basis of accounting.”

Significant events

• “While the current global economic climate continues to present challenges for all across the industry, the company has improved its financial position over the past year.”
• “Turnover during the year to 31 December 2024 increased by 5.3% to £12.073m (2023: £11.461m). Operating profit before depreciation, amortisation and exceptional charges increased by 207.5% to £2.677m (2023: £871K).”
• “During the year the company undertook a reorganisation process which resulted in employee termination agreements consisting of redundancies (£14,025) and payment in lieu of notice amounts (£40,748).”
• “Since the year end the Company has declared and paid interim dividends of £400,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.