Codan Limited

Codan Ltd from Stafford UK: a small company with an active status, was founded 38 years ago in 1986. It employs eight people and holds assets valued at £3,903,097. With four directors and no owners reported, the business operates from a real address and regularly imports optical and medical tools and devices—a total of 88 months of import activity.

The company’s website highlights Codan as a manufacturer and distributor of medical devices, boasting over 60 years of research and development. It operates globally, with production sites in five countries, and contributes to safe patient care. Products range from infusion sets and syringes to invasive blood pressure monitoring systems and specialized cytoprotect products. The site also features a news section detailing a partnership with Sunnic Lighthouse for 100% green energy supply, and showcases innovations like digital information platforms for tumor therapy. The website also has a career section.

Financially, Codan Ltd presents a mixed picture. While current assets increased slightly to £3,900,000, bank cash decreased by 12% to £1,500,000. Creditors rose by 24% to £590,000, and trade debtors increased by 7.3% to £850,000. A notable increase in “Other Debtors” by 220% to £100,000, suggests a change in payment terms or potentially a one-off transaction. Future minimum lease payments, however, jumped significantly by 770% to £1,000,000, which could indicate an expansion or new lease agreements. The company meets the criteria for a small company, with turnover under £10.2 million and fewer than 50 employees. The lack of an auditor mentioned suggests the accounts are unaudited.

Overall, Codan Ltd appears to be a stable, long-standing business, but the increased lease payments and rising debtors warrant closer monitoring. The company's focus on specialized medical devices and its global reach provide a solid foundation, but adapting to changing market conditions will be crucial for continued success.

Registered in England/Wales under the registration number 02061802, with a registered address at ST18 0WL, England, Stafford, Staffordshire, Unit B Beacon Business Park, Weston Road.

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