Code Nation Limited

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code nation limited Company Information

Live

EstablishedSmallHealthy

Company Number

08495005

Website

www.wearecodenation.com

Registered Address

the cloud 10 boughton, chester, CH3 5AG

Industry

Other education n.e.c.

Telephone

03330504570

Next Accounts Due

September 2024

Group Structure

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Directors

Michele Smith0 Years

Lee Gudgeon0 Years

View All

Shareholders

i4thrive limited 100%

code nation limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of CODE NATION LIMITED at £1.1m based on a Turnover of £1.7m and 0.64x industry multiple (adjusted for size and gross margin).

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Code Nation Limited is a live company located in chester, CH3 5AG with a Companies House number of 08495005. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in April 2013, it's largest shareholder is i4thrive limited with a 100% stake. Code Nation Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Code Nation Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £1.7m, make it larger than the average company (£482.9k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3%)

EXPORT

Code Nation Limited's latest turnover from December 2022 is estimated at £1.7 million and the company has net assets of -£808.6 thousand. According to their latest financial statements, Code Nation Limited has 42 employees and maintains cash reserves of £113 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013
Turnover	1,749,819	1,434,601	1,547,697	1,487,027	1,100,754	0	-1,170	89,805	1,712,505	345,961
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	797,710	664,823	758,030	732,200	568,437	0	655	16,090	944,343	184,629
Gross Profit	952,109	769,778	789,667	754,827	532,318	0	-1,825	73,715	768,162	161,332
Admin Expenses	2,102,635	753,754	1,175,262	1,123,921	749,999	68,253	-33,382	30,487	710,909	198,201
Operating Profit	-1,150,526	16,024	-385,595	-369,094	-217,681	-68,253	31,557	43,228	57,253	-36,869
Interest Payable	58,800	8,953	4,575	0	0	0	0	0	0	0
Interest Receivable	1,926	407	134	692	499	3	0	0	62	11
Pre-Tax Profit	-1,207,399	7,479	-390,036	-368,402	-217,182	-68,251	31,508	36,603	57,315	-36,858
Tax	0	-1,421	0	0	0	0	-6,261	-2,020	-12,036	0
Profit After Tax	-1,207,399	6,058	-390,036	-368,402	-217,182	-68,251	25,247	34,583	45,279	-36,858
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,207,399	6,058	-390,036	-368,402	-217,182	-68,251	25,247	34,583	45,279	-36,858
Employee Costs	1,181,045	1,013,134	802,955	638,717	351,924	0	68,585	69,569	813,939	167,597
Number Of Employees	42	37	30	25	14	0	3	3	33	7
EBITDA*	-1,084,094	93,785	-307,325	-272,719	-213,369	-67,232	32,919	44,857	57,253	-36,869

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013
Tangible Assets	20,580	87,012	154,991	223,908	215,104	0	4,085	5,447	7,077	6,992
Intangible Assets	0	0	2,508	7,142	13,060	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	20,580	87,012	157,499	231,050	228,164	0	4,085	5,447	7,077	6,992
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	56,347	29,072	29,036	60,777	0	0	0	0	113,743	14,735
Group Debtors	0	0	0	0	170,770	1,219	70,223	0	0	0
Misc Debtors	562,980	835,391	770,500	820,072	0	0	1,373	39,543	0	0
Cash	113	109,972	215,951	52,595	131,971	0	999	450	20,687	4,217
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	619,440	974,435	1,015,487	933,444	302,741	1,219	72,595	39,993	134,430	18,952
total assets	640,020	1,061,447	1,172,986	1,164,494	530,905	1,219	76,680	45,440	141,507	25,944
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	32,258	29,189	0	0	0	0	0	0	0	0
Trade Creditors	301,971	290,434	489,920	365,460	278,171	0	0	0	132,986	62,702
Group/Directors Accounts	0	51,508	52,384	263,812	345,357	0	440	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	45,256	184,232	87,951	52,455	56,208	1,119	7,113	1,247	0	0
total current liabilities	379,485	555,363	630,255	681,727	679,736	1,119	7,553	1,247	132,986	62,702
loans	1,069,145	107,295	150,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	1,000,000	0	0	0	0	0	0
provisions	0	0	0	0	0	0	776	1,089	0	0
total long term liabilities	1,069,145	107,295	150,000	1,000,000	0	0	776	1,089	0	0
total liabilities	1,448,630	662,658	780,255	1,681,727	679,736	1,119	8,329	2,336	132,986	62,702
net assets	-808,610	398,789	392,731	-517,233	-148,831	100	68,351	43,104	8,521	-36,758
total shareholders funds	-808,610	398,789	392,731	-517,233	-148,831	100	68,351	43,104	8,521	-36,758

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013
Operating Activities
Operating Profit	-1,150,526	16,024	-385,595	-369,094	-217,681	-68,253	31,557	43,228	57,253	-36,869
Depreciation	66,432	75,253	73,636	90,457	3,469	1,021	1,362	1,629	0	0
Amortisation	0	2,508	4,634	5,918	843	0	0	0	0	0
Tax	0	-1,421	0	0	0	0	-6,261	-2,020	-12,036	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-245,136	64,927	-81,313	710,079	99,174	-70,377	32,053	39,543	99,008	14,735
Creditors	11,537	-199,486	124,460	87,289	278,171	0	0	0	70,284	62,702
Accruals and Deferred Income	-138,976	96,281	35,496	-3,753	49,095	-5,994	5,866	1,247	0	0
Deferred Taxes & Provisions	0	0	0	0	-776	-776	-313	1,089	0	0
Cash flow from operations	-966,397	-75,768	-66,056	-899,262	13,947	-3,625	158	5,630	16,493	11,098
Investing Activities
capital expenditure	0	-7,274	-4,719	-99,261	-228,391	3,064	0	0	-85	-6,992
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-7,274	-4,719	-99,261	-228,391	3,064	0	0	-85	-6,992
Financing Activities
Bank loans	3,069	29,189	0	0	0	0	0	0	0	0
Group/Directors Accounts	-51,508	-876	-211,428	-81,545	344,917	-440	440	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	961,850	-42,705	150,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-1,000,000	1,000,000	0	0	0	0	0	0
share issue	0	0	1,300,000	0	0	0	0	8,521	0	100
interest	-56,874	-8,546	-4,441	692	499	3	0	0	62	11
cash flow from financing	856,537	-22,938	234,131	919,147	345,416	-437	440	8,521	62	111
cash and cash equivalents
cash	-109,859	-105,979	163,356	-79,376	130,972	-999	549	450	16,470	4,217
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-109,859	-105,979	163,356	-79,376	130,972	-999	549	450	16,470	4,217

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CODE NATION LIMITED group structure

Code Nation Limited has no subsidiary companies.

Ultimate parent company

I4THRIVE LIMITED

11644092

1 parent

CODE NATION LIMITED

08495005

CODE NATION LIMITED Shareholders

i4thrive limited

100%

Code Nation Limited currently has 4 directors. The longest serving directors include Ms Michele Smith (May 2024) and Mr Lee Gudgeon (May 2024).

officer	country	age	start	end	role
Ms Michele Smith	England	53 years	May 2024	-	Director
Mr Lee Gudgeon	England	52 years	May 2024	-	Director
Mr Ian Nicholas	England	54 years	May 2024	-	Director
Mr Lee Richards	England	50 years	May 2024	-	Director

P&L

December 2022

turnover

1.7m

+22%

operating profit

-1.2m

gross margin

54.5%

+1.4%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

-808.6k

-3.03%

total assets

640k

-0.4%

cash

113

-1%

net assets

Total assets minus all liabilities

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company number

08495005

Type

Private limited with Share Capital

industry

85590 - Other education n.e.c.

incorporation date

April 2013

age

accounts

Total Exemption Full

ultimate parent company

I4THRIVE LIMITED

previous names

am 2 pm training solutions ltd (November 2018)

incorporated

address

the cloud 10 boughton, chester, CH3 5AG

last accounts submitted

December 2022

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 found 1 charges/mortgages relating to code nation limited. Currently there are 0 open charges and 1 have been satisfied in the past.

code nation limited Company Information

code nation limited Estimated Valuation

code nation limited Estimated Valuation

code nation limited Estimated Valuation

Code Nation Limited Overview

Code Nation Limited Health Check

CODE NATION LIMITED financials

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