CDL Realisations 2022 Limited (04504365): administration
- Status
- In administration
- Administration began
- 2022-05-04
- Administrators
- Anthony John Wright, Alastair Massey
- Administrators' firm
- FRP Advisory
- Formerly
- Cordic Ltd
- Incorporated
- 2002-08-06
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Cordic Limited was incorporated on 6 August 2002 and was registered at and traded from Progress House, Rowles Way, Swavesey, Cambridge, CB24 4UG. Between incorporation and appointment, the Company has had eight directors including one nominee director.
Upon appointment the Company had a sole director, Idris Huw Mortifee Davies. Idris Davis had been director since 4 October 2021 and was responsible for the day to day running of the business. The director was one of 30 staff employed by the Company.
The Company is 100% owned by Cordic Group Limited and holds a 49% shareholding in Cab Guru Limited.
Administrators' statement of proposals (2022-07-08) · Companies House register