Cortex Organics Limited

Cortex Organics Limited, based in Oxford, UK, is a small, active company established six years ago in 2018. Employing just two individuals, the company holds £174,521 in assets and operates from a real address shared by six other businesses. Led by three directors and owned by two individuals, Cortex Organics specializes in importing optical and medical tools and devices (for six months) and exporting organic chemicals (for five months). The company's website is currently unavailable, making it difficult to determine the specifics of their operations beyond the import/export data.

The business appears to be focused on the manufacture of other organic basic chemicals, and it’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. While the company has two owners, Dixon Darren and Shi Heyao, and three directors, including Ridgefield Consulting Ltd, it’s important to note that the list of owners isn’t exhaustive.

A review of the company’s financial data reveals a mixed picture. While the company's net assets have increased slightly to £300,000, current assets have significantly decreased by 42% to £170,000. Bank borrowings have also fallen by 28% to £19,000. However, cash bank on hand has seen a more substantial drop of 28% to £120,000. There’s been a significant increase in corporation tax payable, rising by 190% to -£150,000, and creditors have increased by 11% to £36,000. Trade debtors have fallen sharply, down 59% to £56,000. It’s worth noting that the company’s average number of employees has doubled to four, which could be a contributing factor to the increased expenses.

The company’s unaudited accounts, prepared using VT Final Accounts software, show that the company is not facing an audit. The financial data suggests a company that’s experiencing some financial strain, with declining cash reserves and rising liabilities. However, the decrease in trade debtors could indicate improved collection efforts. The company’s focus on niche imports and exports, combined with its small size, allows for flexibility, but the financial pressures will need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 11614257, with a registered address at OX2 9SX, United Kingdom, Oxford, 2 Hinksey Court, Church Way.

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