CORTEXA LIMITED

Credit Opinion: CONDITIONAL
Reasoning: The company is long-established (incorporated 2001), compliant with all filing obligations, and operates in a niche technology services sector. However, the absence of any financial statement data in this review—despite accounts being filed—prevents a full assessment of debt service capacity, working capital adequacy, or profitability trends. The recent resignation of director Xxxxxx Xxxxxxxxname shown to subscribers (Jan 2026) also introduces key-person risk, given that Xxxxxx Xxxxxxxxname shown to subscribers is the sole remaining director and PSC. Approval should be subject to receipt and satisfactory review of the latest filed accounts and, if available, up-to-date management accounts.

Financial Strength: Not assessable – no balance sheet, turnover, or net worth figures provided. The company is classified as “Total Exemption Full” (typically for small companies), implying modest size. Share capital is nominal (£119). No adverse public records (e.g., liquidation, disqualified directors) are evident.

Cash Flow Assessment: Not assessable – no current assets, liabilities, or profit/loss data available. The company’s website suggests recurring revenue from LMS platforms and services, which could support stable cash flow, but this cannot be verified without financials.

Monitoring Points:
- Obtain and review the latest annual accounts (to 31 Dec 2025) – focus on revenue trends, net profit, and working capital.
- Confirm the reason for Xxxxxx Xxxxxxxxname shown to subscribers’s resignation and assess impact on management depth and client relationships.
- Request interim management accounts to gauge current liquidity and trading performance.
- Monitor any changes in PSC structure or new director appointments.
- Check for any charges or debentures registered against the company (not provided here but should be checked separately).

Names of the people mentioned are shown to subscribers. See subscription