Cordovan Capital Management Limited
Registered name: CORDOVAN CAPITAL MANAGEMENT LIMITED
Cordovan Capital Management Limited made £100k profit in the year to 31 Oct 2025 (revenue not disclosed).
Cordovan Capital Management Limited reported £100k profit in the year to 31 Oct 2025; its revenue was not disclosed. It had 11 employees. The company is classified under “fund management activities” and is based in Belfast; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | — | — | — | — |
| Profit after tax | — | — | −£170k | £100k |
| Profit (best available) | — | — | −£170k | £100k |
| Employees (average) | 8 | 9 | 9 | 11 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Profit per employee | — | — | −£18.9k | £9.1k |
| Growth (year on year) | ||||
| Headcount growth | — | ▲12.5% | 0% | ▲22.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £157k | £180k | £157k | £168k |
| Net assets | £801k | £1m | £312k | £172k |
| Fixed assets | £329k | £440k | £613k | £780k |
| Current assets | £679k | £811k | £551k | £405k |
| Debtors | £129k | £80.8k | £80k | £64.6k |
| Deferred income | £26.4k | £185k | £136k | £128k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £9.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- ▼45%
- Now £172k
- Cash at bank
- ▲7%
- Now £168k
- Headcount
- ▲22%
- Now 11
- Deferred income
- ▼6%
- Now £128k
- Fixed assets
- ▲27%
- Now £780k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Cordovan Capital Partners II GP LLPFigures not disclosed
- Cordovan Capital Partners III GP LLPFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £100k), from the Companies House accounts bulk data published Jul 2026. 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.