Codamotion Ltd

Codamotion Ltd, based in Loughborough, UK, is a small, family-run business with an active status, having been founded 37 years ago in 1987. Employing just four people, the company holds £276,706 in assets and operates from a real address. With four directors and two owners, it’s a tight-knit operation. The firm regularly imports and exports optical and medical tools and devices – 6 months of import activity and 13 months of export activity have been recorded.

The company’s website reveals a focus on movement analysis innovation. Codamotion creates advanced technologies to maximize the use of movement analysis, aiming to enhance lives. It provides 3D measurement systems, data hubs, software, and support services for research, gait analysis, ergonomics, neuroscience, rehabilitation, sports biomechanics, veterinary science, industrial science, and object tracking. The website even mentions a showroom in Harrods, London, which is impressive.

Financially, Codamotion Ltd shows a mixed picture. Current assets have increased by 16% to £280,000, while net assets decreased by 48% to £5,200. Bank borrowings have decreased by 25% to £30,000, and cash reserves have increased by a whopping 530% to £17,000. Creditors have increased by 9.1% to £81,000, and trade debtors have decreased by 14% to £120,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop is concerning. There's no auditor mentioned, so the figures rely on unaudited statements.

The company’s significant increase in inventories—up 44% to £140,000—suggests a possible shift in strategy, perhaps stocking up for future demand. The decrease in bank borrowings is a positive sign, but the decline in equity raises questions about the company’s long-term financial health. It's a little confusing that the company has such a big increase in cash reserves, but also a big drop in equity.

Registered in England/Wales under the registration number 02152715, with a registered address at LE7 7PJ, Loughborough, Leicestershire, Unit 2 Victoria Mills, Fowke Street Rothley.

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