cordel limited
cordel limited Company Information
Company Number
09763328
Website
maestrano.comRegistered Address
10 john street, london, WC1N 2EB
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
cordel group plc 100%
cordel limited Estimated Valuation
Pomanda estimates the enterprise value of CORDEL LIMITED at £1.7m based on a Turnover of £2.3m and 0.72x industry multiple (adjusted for size and gross margin).
cordel limited Estimated Valuation
Pomanda estimates the enterprise value of CORDEL LIMITED at £158.3k based on an EBITDA of £31.4k and a 5.04x industry multiple (adjusted for size and gross margin).
cordel limited Estimated Valuation
Pomanda estimates the enterprise value of CORDEL LIMITED at £0 based on Net Assets of £-163.7k and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cordel Limited Overview
Cordel Limited is a live company located in london, WC1N 2EB with a Companies House number of 09763328. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 2015, it's largest shareholder is cordel group plc with a 100% stake. Cordel Limited is a young, small sized company, Pomanda has estimated its turnover at £2.3m with rapid growth in recent years.
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Cordel Limited Health Check
Pomanda's financial health check has awarded Cordel Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£6.5m)
- Cordel Limited
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 98%, show it is growing at a faster rate (6.4%)
- Cordel Limited
6.4% - Industry AVG
Production
with a gross margin of 50.1%, this company has a comparable cost of product (50.1%)
- Cordel Limited
50.1% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (3.2%)
- Cordel Limited
3.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (43)
6 - Cordel Limited
43 - Industry AVG
Pay Structure
on an average salary of £68.6k, the company has an equivalent pay structure (£68.6k)
- Cordel Limited
£68.6k - Industry AVG
Efficiency
resulting in sales per employee of £388k, this is more efficient (£166.2k)
- Cordel Limited
£166.2k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (55 days)
- Cordel Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (37 days)
- Cordel Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cordel Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Cordel Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 120.8%, this is a higher level of debt than the average (63.8%)
120.8% - Cordel Limited
63.8% - Industry AVG
CORDEL LIMITED financials
Cordel Limited's latest turnover from June 2023 is estimated at £2.3 million and the company has net assets of -£163.7 thousand. According to their latest financial statements, Cordel Limited has 6 employees and maintains cash reserves of £31.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 6 | 4 | 3 | 3 | 9 | 5 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,690 | 27,108 | 1,785 | 4,881 | 4,353 | 1,246 | 1,612 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,690 | 27,108 | 1,785 | 4,881 | 4,353 | 1,246 | 1,612 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 596,114 | 311,488 | 168,985 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 183,268 | 371,397 | 35,432 | 0 | 0 | 1,580 | 0 |
| Misc Debtors | 147,139 | 38,664 | 77,720 | 52,114 | 2,210 | 10,425 | 7,251 | 13,061 |
| Cash | 31,924 | 216,731 | 140,609 | 30,108 | 37,503 | 310,068 | 56,931 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 775,177 | 750,151 | 758,711 | 117,654 | 39,713 | 320,493 | 65,762 | 13,061 |
| total assets | 785,867 | 777,259 | 760,496 | 122,535 | 44,066 | 321,739 | 67,374 | 13,061 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 43,453 | 73,358 | 55,466 | 438 | 8,877 | 1,394 | 718 | 5,341 |
| Group/Directors Accounts | 501,281 | 728,623 | 816,038 | 718,089 | 715,509 | 1,079,180 | 559,744 | 288,463 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 404,838 | 160,450 | 22,750 | 43,052 | 32,802 | 10,839 | 10,610 | 3,063 |
| total current liabilities | 949,572 | 962,431 | 894,254 | 761,579 | 757,188 | 1,091,413 | 571,072 | 296,867 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 949,572 | 962,431 | 894,254 | 761,579 | 757,188 | 1,091,413 | 571,072 | 296,867 |
| net assets | -163,705 | -185,172 | -133,758 | -639,044 | -713,122 | -769,674 | -503,698 | -283,806 |
| total shareholders funds | -163,705 | -185,172 | -133,758 | -639,044 | -713,122 | -769,674 | -503,698 | -283,806 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 16,418 | 7,194 | 765 | 2,052 | 17,151 | 366 | 505 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 209,833 | -84,682 | 530,556 | 85,336 | -8,215 | 1,594 | -4,230 | 13,061 |
| Creditors | -29,905 | 17,892 | 55,028 | -8,439 | 7,483 | 676 | -4,623 | 5,341 |
| Accruals and Deferred Income | 244,388 | 137,700 | -20,302 | 10,250 | 21,963 | 229 | 7,547 | 3,063 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -227,342 | -87,415 | 97,949 | 2,580 | -363,671 | 519,436 | 271,281 | 288,463 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -184,807 | 76,122 | 110,501 | -7,395 | -272,565 | 253,137 | 56,931 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -184,807 | 76,122 | 110,501 | -7,395 | -272,565 | 253,137 | 56,931 | 0 |
cordel limited Credit Report and Business Information
Cordel Limited Competitor Analysis
Perform a competitor analysis for cordel limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WC1N area or any other competitors across 12 key performance metrics.
cordel limited Ownership
CORDEL LIMITED group structure
Cordel Limited has no subsidiary companies.
Ultimate parent company
MAESTRANO PTY LTD
#0104554
2 parents
CORDEL LIMITED
09763328
cordel limited directors
Cordel Limited currently has 4 directors. The longest serving directors include Mr Ian Buddery (Sep 2015) and Mr Nicholas Smith (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Buddery | United Kingdom | 67 years | Sep 2015 | - | Director |
| Mr Nicholas Smith | United Kingdom | 39 years | Dec 2020 | - | Director |
| Ms Thouraya Walker | United Kingdom | 45 years | Aug 2023 | - | Director |
| Mrs Natasha Dinneen | United Kingdom | 34 years | Sep 2024 | - | Director |
P&L
June 2023turnover
2.3m
+83%
operating profit
15k
0%
gross margin
50.1%
-4.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-163.7k
-0.12%
total assets
785.9k
+0.01%
cash
31.9k
-0.85%
net assets
Total assets minus all liabilities
Similar Companies
cordel limited company details
company number
09763328
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
September 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
corridor technology limited (November 2020)
maestrano ltd (May 2020)
accountant
DUNCAN & TOPLIS LIMITED
auditor
-
address
10 john street, london, WC1N 2EB
Bank
-
Legal Advisor
-
cordel limited 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 cordel limited.
cordel limited Companies House Filings - See Documents
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