# CDL Realisations 2022 Limited (04504365)

> Why UK company 04504365 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04504365

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04504365/filing-history/MzM0NDYwMzY0N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04504365

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.