Codem Composites Limited

Codem Composites Ltd, based in Peterborough, UK, is a small, active company founded fifteen years ago in 2009. Employing thirty people and holding £1,003,900 in assets, it’s a well-established player despite operating from a virtual address shared by thirteen other companies. The company is owned and run by Doherty Kevin Roy Joseph, who also serves as one of two directors. Google reviews are stellar, boasting a 5.0 rating from just two customers. They import machinery, boilers, and mechanical appliances, with recent activity recorded in November 2024.

Codem Composites’ website paints a picture of a specialist manufacturer offering advanced composite solutions. They describe themselves as a "leading provider" catering to sectors like Formula One, Satellite Communications, Automotive, Space, and Defence. Their services include engineering, manufacturing, project management, and support, emphasizing bespoke solutions and a commitment to sustainability—a route to net zero. They even have a blog where they discuss their work and industry trends.

Financially, Codem Composites Ltd shows some interesting shifts. Accrued liabilities decreased significantly by 52%, a positive sign. However, the accumulated depreciation on plant and machinery increased by 13%, suggesting ongoing investment in equipment. Bank borrowings were reduced by 44%, and cash reserves jumped a remarkable 130% to £150,000—a strong indicator of improved liquidity. Trade creditors also decreased, showing better management of short-term debts. Net assets, however, took a hit, decreasing by 1600%, which is a concerning trend. 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 remain flexible, but the drop in net assets warrants closer attention. With no auditor mentioned, the figures are unaudited.

Overall, Codem Composites Ltd seems to be navigating a period of change. While the company’s financial position is mixed, its strong focus on specialized manufacturing and commitment to sustainability could position it for future success. It's clear they're investing in their operations, but whether that investment translates to long-term profitability remains to be seen.

Registered in England/Wales under the registration number 06963305, with a registered address at PE3 6AB, United Kingdom, Peterborough, Cambridgeshire, Bank House The Lawns, 33 Thorpe Road.

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