Codan (uk) Limited

Codan Uk Ltd, based in Surrey, UK, is a large, active company established 39 years ago. Despite its longevity, the company currently has accounts overdue by nine months, a red flag for potential financial instability. Employing just three people, Codan Uk Ltd holds £357,186 in assets and generates £363,576 in yearly revenue. It operates from a virtual address – a point of concern, as 109 companies are registered at the same location – and is managed by four directors, with no owners officially reported. The company boasts a Google rating of 4.0 based on five reviews. It's an irregular importer, primarily dealing with optical and medical tools and devices, with the last import occurring over a year ago.

The company's website, codancompanies.com, showcases a wide range of products, primarily focused on medical devices and infusion systems. It's clear that Codan is a manufacturer and distributor, offering solutions for hospitals, clinics, and even home healthcare settings. The site doesn't appear to be a traditional e-commerce platform; instead, it serves as a product catalog and information hub, targeting wholesale buyers and healthcare professionals. There's a strong emphasis on quality, reliability, and precision, highlighting the company’s commitment to medical standards. News sections detail partnerships and sustainability initiatives, such as a collaboration with Sunnic Lighthouse for green energy.

Financially, Codan Uk Ltd’s performance presents a mixed picture. While revenue increased by 26%, net assets decreased by 6.5% to £320,000. Bank borrowings surged by 890% to £90, and cash reserves fell 82% to £58,000. Creditors decreased by 60%, suggesting improved debt management. Administrative expenses increased by 26%, and staff costs rose by 16%. The company’s large size (meeting two of three criteria for a large company) indicates a significant operation, but the decline in equity and cash raises questions about its financial health. The lack of an auditor mentioned suggests that the company is exempt from a full audit, relying on unaudited financial statements. The company’s continued operation despite these challenges suggests a resilient business model, but close monitoring of its financial performance is warranted.

Registered in England/Wales under the registration number 01915340, with a registered address at GU9 7PT, Surrey, Wey Court West, Union Road, Farnham.

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