How much does Codi Renewables Limited make?

Codi Renewables Limited reported revenue of £324k and a loss of £315k in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Codi Renewables Limited have?

Codi Renewables Limited reported an average of 0 employees in the year to 31 Mar 2024.

Is Codi Renewables Limited profitable?

No — Codi Renewables Limited reported a loss of £315k in the year to 31 Mar 2024.

Company No. 07689032 · Incorporated 30 Jun 2011

Codi Renewables Limited

Registered name: CODI RENEWABLES LIMITED

Part of Codi Group Limited group

Codi Renewables Limited made £324k revenue and a £315k loss in the year to 31 Mar 2024.

Codi Renewables Limited’s revenue fell 30% to £324k in the year to 31 Mar 2024, with a loss of £315k and 0 employees. The company is classified under “other professional, scientific and technical activities” and is based in Newport; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Newport, Wales
Age: 15 yrs · since 2011
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2024

Key figures

Small team

Revenue

£324k

Growth ▼30.5%

Profit

−£315k

Growth —

Profit margin

−97.2%

Gross 96.6%

Employees

Change ▼100%

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£466k	£324k
Cost of sales	£10k	£11k
Gross profit	£456k	£313k
Operating profit	£129k	−£169k
Profit before tax	£46k	−£396k
Profit after tax	−£8k	−£315k
Profit (best available)	−£8k	−£315k
Employees (average)	1	0
Ratios
Profit margin	−1.7%	−97.2%
Gross margin	97.9%	96.6%
Revenue per employee	£466k	—
Profit per employee	−£8k	—
Growth (year on year)
Revenue growth	—	▼30.5%
Headcount growth	—	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	£7k	£7k
Net assets	£535k	£220k
Fixed assets	£4.4m	£4.8m
Current assets	£502k	£478k
Debtors	£495k	£471k
Deferred income	£1.1m	£22k
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: −97.2%; Profit ÷ revenue.
Gross margin: 96.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1477%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 145.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼59%; Now £220k
Cash at bank: 0%; Now £7k
Headcount: ▼100%; Now 0
Deferred income: ▼98%; Now £22k
Fixed assets: ▲8%; Now £4.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Codi Group Limitedultimate parent75–100%
Codi Renewables Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Tarbed LimitedRev. £11.4m · Profit £22k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£315k), from the Companies House accounts bulk data published Nov 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.