Coda Systems Limited

Coda Systems Ltd from Braintree UK is a small, active company founded 45 years ago in 1980. Employing nine people, it holds £1,410,481 in assets and operates from a virtual address – a point to note as 134 companies are registered at the same location. The company is a family business, overseen by four directors and two owners, and has been trading for quite some time.

The business specializes in the wholesale of electronic and electrical components, acting as a regular importer of optical and medical tools and devices (102 months) and a regular exporter of electrical machinery and equipment (193 months). Its website highlights a focus on test probes, interfacing components, and specialist test products, including spring-loaded contacts and docking connectors. It seems they cater to a niche market, offering solutions for battery charging in wearables, industrial robotic applications, and even EV charging systems. They even have a YouTube channel to help customers select the right probes.

Financially, Coda Systems Ltd shows some interesting trends. Current assets have decreased by 24% to £1,400,000, while net assets have fallen by 8.4% to £1,500,000. Bank borrowings have increased by 100% to £29,000, and cash reserves have dropped by 32% to £580,000. Trade debtors have also decreased by 25%, suggesting they are managing their payments well. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

It's clear that Coda Systems Ltd is a long-standing, family-run business navigating the challenges of a changing market. The decrease in cash reserves and increase in borrowings might be due to investments in new products or expanding its reach – it's hard to say for sure.

Registered in England/Wales under the registration number 01470428, with a registered address at CM7 3GB, Braintree, Essex, 3 Warners Mill, Silks Way.

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