CODEK LIMITED

🏛️Establishedactive
SC655641 · ltd · incorporated 2020-02-25
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-924.9k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: SIC 26400
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46431SIC 46431
  • 46520SIC 46520
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £924,877
Cash YoY
+195%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£166k
↑ 195% YoY
Net Worth
-£925k
↓ 34% YoY
Current Assets
£362k
↑ 103% YoY
Current Liabilities
—
-£925k-£668k-£410k-£153k£105k£362kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£227.7k£11.3k
Current assets£361.9k£178.3k
Cash£166.1k£56.2k
Debtors£37.8k£2.1k
Net assets£-924.9k£-692.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-10-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-02-15
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  9. 2020-11-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-11-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-02-25
    🏢
    Company incorporated
    As CODEK LIMITED
  12. 2020-02-25
    ➕
    MORTON FRASER SECRETARIES LIMITED appointed
    corporate-secretary
  13. 2020-02-25
    ➕
    LUNDGREN, Rebecca appointed
    director
  14. 2020-02-25
    ➕
    WILLIAMS, Thomas appointed
    director
  15. 2020-02-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Rebecca Lundgren
Individual · Swedish · DOB 11/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting25/02/2020
Thomas Williams
Individual · British · DOB 10/1970 · age 56
25–50%
25–50%25-50% shares · 25-50% voting25/02/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2020-02-25
Jurisdictionscotland
Primary SIC26400 — SIC 26400

Registered office

40 North Castle Street
Edinburgh
EH2 3BN
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-10
Last: 2026-02-24

Officers (3 active · 0 resigned)

MORTON FRASER SECRETARIES LIMITED→
corporate-secretary · appointed 2020-02-25
View their other companies + combined net worth →
Active
LUNDGREN, Rebecca→
director · ~43y · appointed 2020-02-25
View their other companies + combined net worth →
Active
WILLIAMS, Thomas→
director · ~56y · appointed 2020-02-25
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (17 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-24
change-account-reference-date-company-current-extended
accounts · AA01
2021-02-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-11-02