CONDOR GROUP LIMITED
Company number 00348686 · Monitor this company
Executive summary
Condor Group Limited is a long-established but financially weakened wholesale jewellery business with net assets of just £380K supporting £4.04M in liabilities—a 10.6x leverage ratio that signals significant credit risk. While FY2024 returned to modest profitability (£102K), this follows seven years of sustained equity erosion and cash depletion, with net assets declining 68% from their 2017 peak. The thin current ratio (1.09x), heavy reliance on inventory for working capital, and continued dividend extraction to the parent company despite overleveraged conditions are material concerns. Any credit extension requires robust security, tight covenants restricting further equity depletion, and enhanced monitoring of cash flow adequacy.
Shareholders' funds
£331,044
Balance sheet as at 2025-09-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1939-01-20
- Employees
- 15 (2025 accounts · was 16 in 2024)
- Registered office
- Condor House, 700 Great Cambridge Road, Enfield, Middlesex, EN1 3EA
- Postcode
- EN1 3EA
- Capital
- 300 GBP
- Accounts category
- Total Exemption Full
- Charges
- 5 outstanding
Accounts
- Last made up to
- 2025-09-30
- Next due by
- 2027-06-30
- Financial year end
- 30 September
Confirmation statement
- Last statement dated
- 2025-12-14
- Next due by
- 2026-12-28
Nature of business (SIC)
- 46480 Wholesale of watches and jewellery
Officers 3 current · 1 resigned
Group structure
Controlled by CONDOR GROUP HOLDINGS LIMITED — since 2016-04-06
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — Z532024X (Tier 1), registered since 2009.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous company names
| Name | Date changed |
|---|---|
| SUSMANESE LIMITED | 1999-12-17 |
Previous registered addresses 2
| Address | Changed on |
|---|---|
| UNIT 1D, DOMINION BUSINESS PARK, GOODWIN ROAD, LONDON N9 0BQ | 2000-03-14 |
| 66 CLERKENWELL ROAD, LONDON, EC1M 5PX | 1991-04-11 |
Among its peers
Top 25%
by shareholders' funds, of 18 similar companies in EN
The largest employer among its local peers (15 staff).
The oldest of its local peers, trading since 1939.
Competitors Enfield
This company ranks 3 among wholesale of watches and jewellery in Enfield.