How much does Codirect LLP make?

Codirect LLP reported revenue of £39.6k and a loss of £22.3k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Codirect LLP have?

Codirect LLP reported an average of 3 employees in the year to 31 Dec 2023.

Is Codirect LLP profitable?

No — Codirect LLP reported a loss of £22.3k in the year to 31 Dec 2023.

Company No. OC435691

Codirect LLPDissolved

Codirect LLP made £39.6k revenue and a £22.3k loss in the year to 31 Dec 2023.

Codirect LLP’s revenue was £39.6k in the year to 31 Dec 2023, with a loss of £22.3k and 3 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Dec 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£39.6k

Growth —

Profit

−£22.3k

Growth —

Profit margin

−56.1%

Gross 47.5%

Employees

Change —

Profit / employee

−£7.4k

Revenue/employee £13.2k

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	28 Feb 2023	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£42.5k	£39.6k
Cost of sales	£26.9k	£20.8k
Gross profit	£15.6k	£18.8k
Profit after tax	−£7.2k	−£22.3k
Profit (best available)	−£7.2k	−£22.3k
Employees (average)	3	3
Ratios
Profit margin	−16.9%	−56.1%
Gross margin	36.8%	47.5%
Revenue per employee	£14.2k	£13.2k
Profit per employee	−£2.4k	−£7.4k
Balance sheet — indirect signals, not revenue
Cash at bank	£6.4k	£1.4k
Net assets	—	—
Fixed assets	£1.5k	£1.2k
Current assets	£7.2k	£15.3k
Debtors	£801	£14k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −56.1%; Profit ÷ revenue.
Gross margin: 47.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £13.2k; Revenue ÷ average employees.
Profit per employee: −£7.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 35.2%; 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: —; Now —
Cash at bank: —; Now £1.4k
Headcount: —; Now 3
Deferred income: —; Now —
Fixed assets: —; Now £1.2k

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£22.3k), from the Companies House accounts bulk data published May 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.