Cordel Limited

Cordel Homes Ltd, based in Sheffield, UK, is a small holding company with an active status, founded nine years ago. Employing six people and holding £710,835 in assets, it operates from a virtual address – a point of concern given 377 companies share the same location. The company is led by four directors, with one owner reported, although this figure may be incomplete. Cordel Homes primarily imports optical and medical tools and devices, though only for short periods, with the last import occurring in December 2023.

The company’s website paints a picture of a property development and management business focused on creating "affordable luxury" family homes. It offers a range of services, from property development and management to leasing and sales, targeting both commercial and residential clients. The site highlights a commitment to local artisans, sustainable construction methods, and quality materials. It even offers commercial development services, restoring tired buildings to maximize lifestyle options.

Financially, Cordel Homes Ltd presents a mixed picture. While cash reserves have surged by an impressive 430% to £170,000, other areas show signs of stress. Current assets have decreased by 8.3% to £710,000, and net assets have fallen 35% to -£110,000. Trade debtors have also plummeted by 32%, which could indicate issues with customer payments. Borrowings have increased, and the company’s equity is negative, suggesting it’s burning through cash. The company’s small size – meeting two of three conditions for a small company – allows for flexibility, but the negative equity is a cause for concern. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 09763328, with a registered address at WC1N 2EB, United Kingdom, London, 10 John Street.

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