Chordata Limited

Chordata Ltd from Epsom UK: a small, active company founded five years ago, employs sixteen people, and holds £7,108 in assets. It’s managed by five directors and owned by four individuals. This company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with its last import operation recorded one month ago in March 2023.

The company operates in several areas: manufacturing other electrical equipment, providing other information technology service activities, and conducting research and experimental development on biotechnology industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The address is probably real, as only one other company is registered there.

Looking at the financials, Chordata Ltd’s current assets have seen a dramatic decrease, plummeting 98% to just £7,108. Cash reserves have also fallen 100%, leaving the company with just £530. Creditors have increased significantly, rising 71% to £1.2 million. Trade debtors have also decreased by 67%, and other remaining borrowings have fallen 93%. It’s interesting to note that depreciation charges for property, plant, and equipment have increased substantially – computer equipment by 430%, and furniture fittings by 86%. The company’s equity has also decreased by 42%, reaching -£4 million.

These figures suggest Chordata Ltd is facing financial pressures. The sharp decline in assets and cash, coupled with increased creditors, points to a potential cash flow problem. The increase in depreciation charges could be due to new investments or changes in accounting practices. It's possible the company is burning through money like a startup, but it’s also possible these are temporary fluctuations. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited, so caution is advised when interpreting them.

Registered in England/Wales under the registration number 12060951, with a registered address at KT17 3PU, United Kingdom, Epsom, 10 Kingsdown Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.