COPADO LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2027-01-21 (in 8mo)
Last made up 2026-01-07
Watchouts
None on the register
Cash
£904K
-27.5% vs 2024
Net assets
-£12M
-27.6% lowest in 4 filed years
Employees
26
+4% highest in 4 filed years
Profit before tax
-£3M
+14.3% vs 2024
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-01-31
| Metric | Trend | 2018-12-09 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £2,217,640 | — | £6,802,694 | £7,984,306 | |
| Operating profit | — | — | — | — | — | -£2,846,724 | -£2,429,792 | |
| Profit before tax | — | — | — | — | — | -£3,070,914 | -£2,633,182 | |
| Net profit | — | — | -£375,291 | -£1,216,854 | — | -£3,070,914 | -£2,633,182 | |
| Cash | — | — | £133,975 | £829,915 | — | £1,248,268 | £904,380 | |
| Total assets less current liabilities | — | — | -£1,290,810 | -£2,507,664 | — | -£9,196,737 | -£11,734,927 | |
| Net assets | — | — | — | — | — | -£9,196,737 | -£11,734,927 | |
| Equity | £0 | -£915,519 | -£1,290,810 | -£2,507,664 | -£6,210,780 | -£9,196,737 | -£11,734,927 | |
| Average employees | — | — | 8 | 16 | — | 25 | 26 | |
| Wages | — | — | — | — | — | £3,546,464 | £3,968,904 | |
| Directors' remuneration | — | — | — | — | — | £373,045 | £371,995 |
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 2025-01-31 vs 2024-01-31
-
Turnover
+17.4%
£6,802,694 £7,984,306
highest in 3 filed years
-
Cash
-27.5%
£1,248,268 £904,380
-
Net assets
-27.6%
-£9,196,737 -£11,734,927
-
Employees
+4%
25 26
highest in 4 filed years
-
Operating profit
+14.6%
-£2,846,724 -£2,429,792
-
Profit before tax
+14.3%
-£3,070,914 -£2,633,182
-
Wages
+11.9%
£3,546,464 £3,968,904
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 | 2018-12-09 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -41.8% | -30.4% | |
| Net margin | — | — | — | -54.9% | — | -45.1% | -33.0% | |
| Return on capital employed | — | — | — | — | — | 31.0% | 20.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 142.1% | 151.7% | |
| Current ratio | — | — | — | — | — | 0.70x | 0.66x | |
| Interest cover | — | — | — | — | — | -12.65x | -11.84x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Verallo
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 and to meet its obligations as they fall for the foreseeable future due to support provided by group companies. The group companies have confirmed working capital support to enable Copado Limited to meets its obligations as they fall due for the foreseeable future, along with confirmation that monies loaned to Copado Limited totalling £26,111,151 at 31 January 2025, will not be repayable on demand for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Group has achieved a marked turnaround, narrowing its operating loss to £0.5m a substantial improvement from the prior year's £22m deficit.”
- “Complementing this operational progress, the cash position has strengthened by 16% year-on-year.”
- “Overall, the Group generates positive free cash flows, demonstrating operational efficiency and disciplined capital management.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HILL, Matthew | Secretary | 2020-06-17 | — | — |
| ELLIOTT, Edward | Director | 2018-12-10 | Nov 1971 | American |
| HILL, Matthew Raymond | Director | 2025-01-14 | Mar 1976 | British |
| MITCHELL JR, Walker Wear | Director | 2024-05-13 | Jul 1973 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Copado Holdings, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-07 | Ceased 2022-01-07 |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-02 | AA | accounts | Accounts with accounts type full | |
| 2025-01-24 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | AA | accounts | Accounts with accounts type small | |
| 2024-10-14 | CH01 | officers | Change person director company with change date | |
| 2024-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-01 | AA | accounts | Accounts with accounts type small | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-08 | CH01 | officers | Change person director company with change date | |
| 2023-01-31 | AA | accounts | Accounts with accounts type small | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-06 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-08-02 | AA | accounts | Accounts with accounts type small | |
| 2022-07-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-07-12 | GAZ1 | gazette | Gazette notice compulsory |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.