{"name":"CONDOR GROUP LIMITED","company_number":"00348686","status":"Active","type":"Private Limited Company","incorporated":"1939-01-20","dissolved":null,"registered_office":"Condor House, 700 Great Cambridge Road, Enfield, Middlesex, EN1 3EA","postcode":"EN1 3EA","sic_codes":[{"code":46480,"description":"Wholesale of watches and jewellery"}],"principal_activity":null,"previous_names":[{"name":"SUSMANESE LIMITED","changed_on":"1999-12-17"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"30 September","last_made_up_to":"2025-09-30","next_due":"2027-06-30"},"employees":{"count":15,"accounts_date":"2025-09-30"},"financials":[{"financial_date":"2025-09-30","net_assets":331044,"cash":249423,"average_employees":15},{"financial_date":"2024-09-30","net_assets":379968,"cash":561873,"average_employees":16},{"financial_date":"2023-09-30","net_assets":367809,"cash":749286,"average_employees":19},{"financial_date":"2022-09-30","net_assets":436088,"cash":949850},{"financial_date":"2021-09-30","net_assets":769759,"cash":849686}],"officers":{"current":3,"resigned":1,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":6,"outstanding":5},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/condor-group","people":"https://www.companiesintheuk.co.uk/company/condor-group/people","filing_history":"https://www.companiesintheuk.co.uk/company/condor-group/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/00348686","financials":"https://www.companiesintheuk.co.uk/company/condor-group/financial","control":"https://www.companiesintheuk.co.uk/company/condor-group/control","charges":"https://www.companiesintheuk.co.uk/company/condor-group/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/condor-group/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/condor-group"}