CODAT LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +4.7%

  £10,499,778 → £10,992,994

• Cash

  -25.3%

  £60,542,539 → £45,204,787

• Net assets

  -27.4%

  £63,262,040 → £45,949,981

• Employees

  -32.5%

  197 → 133

• Operating profit

  +26.8%

  -£27,371,593 → -£20,023,904

• Profit before tax

  +28.5%

  -£24,926,889 → -£17,814,568

• Wages

  -18.9%

  £21,913,863 → £17,780,194

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After assessing the group's actual and expected future cash flow, assessing the current liquidity position based on their current expectations of trading prospects, the directors have a reasonable expectation that the group has adequate resources in order to be able to continue in operational existence for the foreseeable future, being for a period of at least 12 months from the date of signing the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. CODAT LIMITED · parent
   1. Codat Inc 100% · New York · Provision of Saas
   2. Codat PTY Ltd 100% · Sydney, NSW · Provision of Saas

Significant events

• “The Group reported a loss of $23.6m (2023: $33.8m), which includes exceptional settlement costs of $6.1m to exit the lease early for its London office on 29 August 2024.”
• “The Group has achieved strong revenue growth, and the Directors are confident of the future performance of the Group. The Directors expect losses to diminish in subsequent periods with a clear path to profitability within existing liquidity.”
• “On 29 August 2024, Codat Limited reached an agreement with its landlord to exit the lease for its London office. Settlement costs of £4.8m were agreed to extinguish future liabilities due to expire in May 2028.”

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

Filings

9

last 12 months

Capital events

9

last 24 months

Officers appointed

1

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.