cortex it ltd
cortex it ltd Company Information
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
414 ditchling road, brighton, BN1 6JL
Website
cortexit.comcortex it ltd Estimated Valuation
Pomanda estimates the enterprise value of CORTEX IT LTD at £2.5k based on a Turnover of £4.3k and 0.58x industry multiple (adjusted for size and gross margin).
cortex it ltd Estimated Valuation
Pomanda estimates the enterprise value of CORTEX IT LTD at £0 based on an EBITDA of £-742 and a 3.77x industry multiple (adjusted for size and gross margin).
cortex it ltd Estimated Valuation
Pomanda estimates the enterprise value of CORTEX IT LTD at £0 based on Net Assets of £-637 and 2.33x industry multiple (adjusted for liquidity).
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Cortex It Ltd Overview
Cortex It Ltd is a live company located in brighton, BN1 6JL with a Companies House number of 06398430. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2007, it's largest shareholder is mark david waldron with a 100% stake. Cortex It Ltd is a established, micro sized company, Pomanda has estimated its turnover at £4.3k with declining growth in recent years.
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Cortex It Ltd Health Check
Pomanda's financial health check has awarded Cortex It Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £4.3k, make it smaller than the average company (£3.4m)
- Cortex It Ltd
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (11.5%)
- Cortex It Ltd
11.5% - Industry AVG
Production
with a gross margin of 31.8%, this company has a higher cost of product (58.3%)
- Cortex It Ltd
58.3% - Industry AVG
Profitability
an operating margin of -17.4% make it less profitable than the average company (4.6%)
- Cortex It Ltd
4.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (27)
- Cortex It Ltd
27 - Industry AVG
Pay Structure
on an average salary of £67.1k, the company has an equivalent pay structure (£67.1k)
- Cortex It Ltd
£67.1k - Industry AVG
Efficiency
resulting in sales per employee of £4.3k, this is less efficient (£131.2k)
- Cortex It Ltd
£131.2k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (58 days)
- Cortex It Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 205 days, this is slower than average (34 days)
- Cortex It Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cortex It Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cortex It Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 147.4%, this is a higher level of debt than the average (58.7%)
147.4% - Cortex It Ltd
58.7% - Industry AVG
CORTEX IT LTD financials
Cortex It Ltd's latest turnover from October 2024 is estimated at £4.3 thousand and the company has net assets of -£637. According to their latest financial statements, we estimate that Cortex It Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | ||||||||||||||||
| Tax | ||||||||||||||||
| Profit After Tax | ||||||||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | ||||||||||||||||
| Employee Costs | ||||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 924 | 1,849 | 2,774 | 355 | ||||||||||||
| Intangible Assets | ||||||||||||||||
| Investments & Other | ||||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 924 | 1,849 | 2,774 | 355 | ||||||||||||
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 1,345 | 4,922 | 6,732 | 20,349 | 5,091 | 15,696 | 3,793 | 1,956 | 6,354 | 2,739 | 35 | 100 | ||||
| Group Debtors | ||||||||||||||||
| Misc Debtors | ||||||||||||||||
| Cash | 7,067 | 6,936 | 5,583 | 16,694 | 3,763 | 7,658 | 2,320 | |||||||||
| misc current assets | ||||||||||||||||
| total current assets | 1,345 | 4,922 | 6,732 | 20,349 | 5,091 | 15,696 | 3,793 | 1,956 | 6,354 | 7,067 | 9,675 | 5,618 | 16,694 | 3,763 | 7,758 | 2,320 |
| total assets | 1,345 | 4,922 | 7,656 | 22,198 | 7,865 | 15,696 | 3,793 | 1,956 | 6,354 | 7,067 | 9,675 | 5,618 | 16,694 | 3,763 | 7,758 | 2,675 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 1,632 | 4,397 | 3,887 | 14,051 | 7,388 | 10,321 | 2,076 | 23 | 415 | 1,204 | 1,962 | 16,186 | 8,358 | 7,616 | ||
| Group/Directors Accounts | ||||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | ||||||||||||||||
| total current liabilities | 1,632 | 4,397 | 3,887 | 14,051 | 7,388 | 10,321 | 2,076 | 23 | 415 | 1,204 | 1,962 | 16,186 | 8,358 | 7,616 | ||
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | 350 | 420 | 420 | 420 | 360 | 360 | 360 | 360 | 360 | |||||||
| other liabilities | ||||||||||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 350 | 420 | 420 | 420 | 360 | 360 | 360 | 360 | 360 | |||||||
| total liabilities | 1,982 | 4,817 | 4,307 | 14,471 | 7,748 | 10,681 | 2,436 | 383 | 360 | 415 | 1,204 | 1,962 | 16,186 | 8,358 | 7,616 | |
| net assets | -637 | 105 | 3,349 | 7,727 | 117 | 5,015 | 1,357 | 1,573 | 5,994 | 6,652 | 8,471 | 3,656 | 508 | -4,595 | 142 | 2,675 |
| total shareholders funds | -637 | 105 | 3,349 | 7,727 | 117 | 5,015 | 1,357 | 1,573 | 5,994 | 6,652 | 8,471 | 3,656 | 508 | -4,595 | 142 | 2,675 |
| Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Depreciation | 355 | 318 | ||||||||||||||
| Amortisation | ||||||||||||||||
| Tax | ||||||||||||||||
| Stock | ||||||||||||||||
| Debtors | -3,577 | -1,810 | -13,617 | 15,258 | -10,605 | 11,903 | 1,837 | -4,398 | 6,354 | -2,739 | 2,704 | 35 | -100 | 100 | ||
| Creditors | -2,765 | 510 | -10,164 | 6,663 | -2,933 | 8,245 | 2,053 | 23 | -415 | -789 | -758 | -14,224 | 7,828 | 742 | 7,616 | |
| Accruals and Deferred Income | -70 | 60 | 360 | |||||||||||||
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | ||||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | ||||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | ||||||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | ||||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -7,067 | 131 | 1,353 | -11,111 | 12,931 | -3,895 | 5,338 | 2,320 | ||||||||
| overdraft | ||||||||||||||||
| change in cash | -7,067 | 131 | 1,353 | -11,111 | 12,931 | -3,895 | 5,338 | 2,320 |
cortex it ltd Credit Report and Business Information
Cortex It Ltd Competitor Analysis
Perform a competitor analysis for cortex it ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in BN1 area or any other competitors across 12 key performance metrics.
cortex it ltd Ownership
CORTEX IT LTD group structure
Cortex It Ltd has no subsidiary companies.
Ultimate parent company
CORTEX IT LTD
06398430
cortex it ltd directors
Cortex It Ltd currently has 1 director, Mr Mark Waldron serving since Oct 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Waldron | United Kingdom | 53 years | Oct 2007 | - | Director |
P&L
October 2024turnover
4.3k
-70%
operating profit
-742
0%
gross margin
31.8%
-6.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2024net assets
-637
-7.07%
total assets
1.3k
-0.73%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
cortex it ltd company details
company number
06398430
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62020 - Computer consultancy activities
incorporation date
October 2007
age
18
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2024
previous names
N/A
accountant
-
auditor
-
address
414 ditchling road, brighton, BN1 6JL
Bank
-
Legal Advisor
-
cortex it ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to cortex it ltd.
cortex it ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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cortex it ltd Companies House Filings - See Documents
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