{"name":"CORMORANT LIMITED","company_number":"02888507","status":"Active","type":"Private Limited Company","incorporated":"1994-01-18","dissolved":null,"registered_office":"Watson Centre, 30 - 34 North Street, Hailsham, East Sussex, England, BN27 1DW","postcode":"BN27 1DW","sic_codes":[{"code":68209,"description":"Other letting and operating of own or leased real estate"}],"principal_activity":null,"previous_names":[{"name":"CORMORANT MANAGEMENT LIMITED","changed_on":"1996-09-30"}],"warnings":[],"accounts":{"category":"Micro","year_end":"27 March","last_made_up_to":"2025-03-27","next_due":"2026-12-27"},"employees":{"count":0,"accounts_date":"2025-03-27"},"financials":[{"financial_date":"2025-03-27","net_assets":158968,"average_employees":0},{"financial_date":"2024-03-28","net_assets":168341,"average_employees":0},{"financial_date":"2023-03-31","net_assets":175228},{"financial_date":"2021-03-31","net_assets":191588},{"financial_date":"2020-03-31","net_assets":198414}],"officers":{"current":3,"resigned":8,"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":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Cormorant Limited is a long-established but increasingly fragile micro-entity property holding company whose financial position has deteriorated consistently over the past decade, with net assets declining 29% from £224k (2015) to £159k (2025). The company's elevated gearing of 70% and apparent inability to generate sufficient rental income to service its debt costs place it in a vulnerable position within the UK's private rented sector, where rising interest rates since 2022 have disproportionately impacted small, leveraged landlords. While the recent reduction in total assets from over £1M to £527k may indicate strategic portfolio rationalisation, the persistent erosion of shareholder equity suggests structural unprofitability that falls well below typical performance benchmarks for small property holding companies.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/cormorant","people":"https://www.companiesintheuk.co.uk/company/cormorant/people","filing_history":"https://www.companiesintheuk.co.uk/company/cormorant/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02888507","financials":"https://www.companiesintheuk.co.uk/company/cormorant/financial","control":"https://www.companiesintheuk.co.uk/company/cormorant/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/cormorant/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/cormorant"}