CORDEL GROUP PLC
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-06-30
Confirmation statement due
2026-12-19 (in 7mo)
Last made up 2025-12-05
Watchouts
None on the register
Cash
£2M
+47.2% vs 2024
Net assets
£3M
+21.1% vs 2024
Employees
39
+8.3% vs 2024
Profit before tax
-£358K
+70.1% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Turnover | £4,439,441 | £4,788,516 | |
| Operating profit | -£1,068,346 | -£320,877 | |
| Profit before tax | -£1,195,886 | -£358,012 | |
| Net profit | -£1,299,111 | -£402,015 | |
| Cash | £1,022,180 | £1,504,442 | |
| Total assets less current liabilities | £2,668,877 | £3,109,248 | |
| Net assets | £2,519,545 | £3,050,393 | |
| Equity | £2,519,545 | £3,050,393 | |
| Average employees | 36 | 39 | |
| Wages | £2,893,050 | £2,924,247 | |
| Directors' remuneration | £579,501 | £617,650 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
+7.9%
£4,439,441 £4,788,516
-
Cash
+47.2%
£1,022,180 £1,504,442
-
Net assets
+21.1%
£2,519,545 £3,050,393
-
Employees
+8.3%
36 39
-
Operating profit
+70%
-£1,068,346 -£320,877
-
Profit before tax
+70.1%
-£1,195,886 -£358,012
-
Wages
+1.1%
£2,893,050 £2,924,247
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | -24.1% | -6.7% | |
| Net margin | -29.3% | -8.4% | |
| Return on capital employed | -40.0% | -10.3% | |
| Gearing (liabilities / total assets) | 39.1% | 31.9% | |
| Current ratio | 1.76x | 2.17x | |
| Interest cover | -74.01x | -11.96x |
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.
Name history
Renamed 2 times since incorporation
- CORDEL GROUP PLC 2021-11-18 → present
- MAESTRANO GROUP PLC 2018-05-11 → 2021-11-18
- MAESTRANO GROUP LTD 2017-12-06 → 2018-05-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Oury Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- CORDEL GROUP PLC · parent
- Cordel Limited 100%
- Cordel Technology Inc 100%
- Corridor Holdings Pty Ltd 100%
- Cordel Pty Ltd 100%
- Airsight Australia Pty Ltd 100%
- Airsight IP Pty Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DINNEEN, Natasha Kay Bax | Secretary | 2024-09-16 | — | — |
| BUDDERY, Ian James | Director | 2017-12-06 | Oct 1957 | Australian |
| DAVIS, John Andrew | Director | 2018-05-04 | Feb 1970 | British |
| DINNEEN, Natasha Kay Bax | Director | 2024-09-16 | Dec 1989 | British |
| HOYE, Aaron Joseph | Director | 2022-04-14 | Sep 1981 | Australian |
| MACLEOD, Jonathan Graham | Director | 2018-05-04 | Oct 1957 | British |
| SONGER, Jeffrey Mark | Director | 2026-01-06 | Sep 1969 | American |
| WALKER, Thouraya | Director | 2023-05-03 | Sep 1979 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUDDERY, Ian James | Secretary | 2017-12-06 | 2018-05-04 |
| HOLDEN, Craig | Secretary | 2018-05-11 | 2018-05-11 |
| HOLDEN, Craig John | Secretary | 2018-05-01 | 2019-08-31 |
| LOJSZCZYK, Robert Zygmunt | Secretary | 2020-03-13 | 2023-07-31 |
| WALKER, Thouraya | Secretary | 2023-07-31 | 2024-09-16 |
| HOLDEN, Craig John | Director | 2018-05-04 | 2019-08-31 |
| IBOS, Stephane Christophe | Director | 2018-05-01 | 2019-12-31 |
| LOJSZCZYK, Robert Zygmunt | Director | 2020-03-13 | 2023-07-31 |
| MCINNES, Nicholas James | Director | 2020-03-13 | 2025-10-20 |
| PEARSON, Andrew | Director | 2018-12-04 | 2021-01-09 |
| SMITH, Nicholas Scott | Director | 2019-11-01 | 2023-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ian James Buddery | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-06 | Ceased 2019-01-29 |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | CH01 | officers | Change person director company with change date | |
| 2025-12-15 | CH01 | officers | Change person director company with change date | |
| 2025-11-14 | AA | accounts | Accounts with accounts type group | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | SH01 | capital | Capital allotment shares | |
| 2024-12-12 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | CH01 | officers | Change person director company with change date | |
| 2024-12-03 | AA | accounts | Accounts with accounts type group | |
| 2024-10-07 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-10-04 | SH01 | capital | Capital allotment shares | |
| 2024-09-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-09 | AA | accounts | Accounts with accounts type group | |
| 2023-08-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.