Cormis Partnership Limited
Activities of head offices · London
ActiveUnited KingdomIncorporated 2011Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£3,673,666
Cash
£22,980
Turnover
£4,214,412
Profit / loss
—
Current assets
—
Creditors < 1 year
£5,333,818
Equity
£3,673,666
Average employees
17
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read | 2019-12-3112 months | 2018-12-3112 months | 2017-12-3115 months | 2016-09-3012 months | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet | |||||||||||
| Net assets | £3,673,666 | £8,578,359 | £1,852,402 | £1,234,482 | £599,952 | £423,642 | £429,965 | £266,344 | £183,348 | £81,100 | £1,000 |
| Equity | £3,673,666 | £8,578,359 | £1,852,402 | £1,234,482 | £599,952 | £423,642 | £429,965 | £266,344 | £183,348 | £81,100 | £1,000 |
| Share capital | £1 | £1,680 | — | — | — | — | — | — | — | — | — |
| Retained earnings | £3,671,934 | £8,575,039 | — | — | — | — | — | — | — | — | — |
| Assets | |||||||||||
| Fixed assets | £1,060 | £1,336 | £26,543 | £23,438 | £17,923 | £26,087 | £5,809 | £7,213 | £8,510 | £4,253 | £0 |
| Property, plant & equipment | £1,060 | £1,336 | £26,543 | £23,438 | £17,923 | £26,087 | £5,809 | £7,043 | £8,510 | £4,253 | £0 |
| Current assets | — | — | £2,613,803 | £1,979,155 | £1,604,401 | £665,356 | £831,915 | £581,166 | £771,401 | £193,900 | £0 |
| Cash at bank | £22,980 | £150,232 | £245,764 | £755,586 | £389,322 | £62,054 | £295,526 | £116,315 | £321,678 | £88,820 | £0 |
| Debtors | £9,123,046 | £12,339,524 | £2,368,039 | £1,223,569 | £1,149,895 | £470,216 | £468,389 | £464,851 | £449,723 | £105,080 | £0 |
| Stock | — | — | — | — | £65,184 | £133,086 | — | — | — | — | — |
| Liabilities | |||||||||||
| Creditors within one year | £5,333,818 | £3,271,148 | £785,358 | £765,779 | £1,021,395 | £265,191 | £313,351 | £320,626 | £594,776 | £116,202 | £0 |
| Creditors after one year | £265 | £334 | — | — | — | — | — | — | — | — | — |
| Provisions | — | — | — | — | — | — | £0 | £1,409 | £1,787 | £851 | £0 |
| Net current assets | £3,672,871 | £8,577,357 | £1,828,445 | £1,213,376 | £583,006 | £400,165 | £531,538 | £260,540 | £176,625 | £77,698 | £0 |
| Assets less current liabilities | £3,673,931 | £8,578,693 | £1,854,988 | £1,236,814 | £600,929 | £426,252 | £537,347 | £267,753 | £185,135 | £81,951 | £1,000 |
| Profit & loss | |||||||||||
| Turnover | £4,214,412 | £5,753,268 | — | — | — | — | — | — | — | — | — |
| Profit before tax | £556,271 | £675,793 | — | — | — | — | — | — | — | — | — |
| Dividends | £5,348,195 | — | — | — | — | — | — | — | — | — | — |
| People & pay | |||||||||||
| Average employees | 17 | 27 | 14 | 11 | 10 | 7 | — | — | — | — | — |
| Staff costs | £2,147,064 | £2,804,780 | — | — | — | — | — | — | — | — | — |
| Wages & salaries | £1,888,979 | £2,437,355 | — | — | — | — | — | — | — | — | — |
| Social security costs | £189,282 | £215,379 | — | — | — | — | — | — | — | — | — |
| Pension costs | £67,992 | £151,378 | — | — | — | — | — | — | — | — | — |
| Source evidence | View filing | View filing | View filing | View filing | View filing | View filing | View filing | View filing | View filing | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The Company's principal activities during the year were providing services relating to Capability Management Training
- What it does
- capability management training (AI keywords)
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- Cormis Partnership Holdings Limited · England and Wales
- Ultimate parent
- Inizio Group Limited · England and Wales
- Accounts
- FRS 101
- Approved
- 2026-08-17, signed by R J Lidstone
Turnover by segment (9)
- Services relating to capability management training: 4,214,412 (2025-12-31)
- Services relating to capability management training: 5,753,268 (2024-12-31)
- United Kingdom: 1,827,204 (2025-12-31)
- United Kingdom: 3,917,225 (2024-12-31)
- Rest of Europe: 1,220,982 (2025-12-31)
- Rest of Europe: 661,461 (2024-12-31)
- USA: 397,358 (2025-12-31)
- Rest of the world: 768,868 (2025-12-31)
- Rest of the world: 1,174,582 (2024-12-31)
Shares issued in the year (1)
- 1 A Ordinary · for £720 · 2025-12-22
Directors' report (2)
- R J Lidstone
- A M Morrow
Share classes (2)
- 1 A Ordinary of £1
- 1,680 A Ordinary of £1
Principal risks (15)
- economic
- political
- legislative
- regulatory and tax changes
- client diversification
- changing client strategies
- innovation
- sustainability
- talent management
- legal and contract risks
- regulatory and compliance risks
- IT system adequacy
- cyber security
- Gen AI Integration
- business continuity
Events after the year end (1)
- On 31 December 2025, the Board of Directors passed a resolution approving the transfer of the Company's business and assets to Inizio Engage XD Limited. The transfer was completed on 1 January 2026. As this occurred after the reporting date and does not affect conditions at year end, it is treated as a non-adjusting event.
Contingent liabilities (2)
- The Company forms part of the security net associated with the group's external debt facilities (the “Facilities”). All active, wholly owned group entities in the UK, Ireland and the United States of America together form part of this security and guarantee the total amount of outstanding liabilities due under such Facilities. At 31 December 2025, the total amount of group borrowings and facilities guaranteed amounted to £2,051m (2024 £2,150m).
- The Company is registered with HM Revenue & Customs as a member of a group for VAT purposes and as a result is jointly and severally liable on a continuing basis for amounts owing by any other members of that group in respect of unpaid VAT. At the balance sheet date the outstanding VAT group liability was £1.8m (2024 £2m).
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
2 outstanding chargesFloating · created 2021-08-19
—
OutstandingAll Assets · created 2021-08-19
—
Outstanding