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Cords Coventry Limited

00114440

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

GOAT MILL ROAD, MERTHYR TYDFIL, CF48 3TF
Incorporated 28/02/1911

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45310
Wholesale trade of motor vehicle parts and accessories

Officers

Mr Simon Charles O'Sullivan

director · Since 28/03/2014

FINANCE DIRECTOR

BRITISH · WALES · Age 60

Also on 10 other boards

Mr Simon Charles O'Sullivan

secretary · Since 09/05/2014

Also on 10 other boards

Mr Philip Medora

director · Since 15/08/2024

DIRECTOR

BRITISH · WALES · Age 39

Persons with Significant Control

Mr Simon Charles O'Sullivan

Significant control

British · Wales · Age 60

Goat Mill Road, Merthyr Tydfil, CF48 3TF

Notified 31/08/2016

Mr Ralph Medora

Significant control

British · Wales · Age 75

Goat Mill Road, Merthyr Tydfil, CF48 3TF

Notified 31/08/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 19/10/2015Registered 27/10/2015
charge
satisfied

HSBC BANK PLC

Created 18/11/2009Registered 23/11/2009Satisfied 06/04/2016
charge
satisfied

MIDLAND BANK PLC

Created 14/02/1985Registered 18/02/1985Satisfied 03/05/1995
charge
satisfied

MIDLAND BANK LTD

Created 28/09/1937Registered 12/10/1937Satisfied 23/04/2013

CompanyRankvs 1924+ SIC 45310 peers
43

Financial strength1th percentile among SIC peers · 0/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 6.81× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1924Cords Coventry Limited
53
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

-£791k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

£459k

Working capital

Current Assets

£538k

Current Liabilities

£79k

Debtors

£467k

0avg. employees

Balance Sheet

Assets less current liabilities£459k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20256.81-£128k
20242.54+£7k
20232.81+£52k
20221.33—

Derived from filed accounts. Not audited figures.