Core Diagnostics Limited

Core Diagnostics Limited, based in Wirral, UK, is a small, active company founded five years ago. With eight employees and £471,397 in assets, it operates from a virtual address—a point to note as fourteen companies share the same location—and is led by a solo founder, Fleming Mark, who serves as both director and owner. The company’s primary focus is providing remote diagnostic repair services, leveraging cloud-based technology to connect with vehicles for coding, programming, and ADAS calibration. Its website showcases partnerships with leading brands like Autel, Bosch, Hella, Gutmann, and Wurth, and boasts a perfect 5.0 Google rating from nine reviews. It is an irregular importer, bringing in optical and medical tools and devices for a month, with the last import occurring in August 2024.

The company’s website highlights its "Core Remote" solution, targeting workshops and mobile technicians. It offers support for a wide range of coding and programming procedures, ADAS calibration, and even provides access to specialist tools from leading brands. The site also features a blog and news section, demonstrating a commitment to industry engagement and customer education. The company is also sponsoring Bodyshop Buzz at Automechanika Birmingham.

Financially, Core Diagnostics Limited's recent performance shows some concerning trends. Current assets have plummeted by 31%, dropping to £470,000, while net assets have fallen 17% to £510,000. Bank borrowings have remained stable, but cash reserves have decreased significantly by 45%, leaving just £300,000. Director remuneration has increased dramatically, rising 230% to £140,000, and creditors have surged by 61% to £340,000. Trade debtors have also increased by 30% to £92,000. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the decrease in net assets and cash reserves suggests it is burning through money. It is exempt from an audit, so the figures are unaudited.

While the company’s remote diagnostic services and strong Google rating suggest a promising business model, the financial data reveals a company facing challenges. Whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 12393289, with a registered address at CH62 3QG, United Kingdom, Wirral, 3 Stadium Court Plantation Road, Bromborough.

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