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Covelward Limited

01340877

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 2A THE RIDGWAY, HAMPSHIRE, PO9 1QJ
Incorporated 28/11/1977

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

Officers

Charlotte Louise Edwards

secretary · Since 12/07/2007

British

Kevin Michael John Edwards

director

British

Former

Kevin Michael John Edwards

secretary · Resigned 20/09/2007

Timothy Cowper

director · Resigned 01/01/2010

Vivian Alan De Horsey Wells

director · Resigned 08/10/1997

Charlotte Louise Edwards

director · Resigned 01/07/2010

CompanyRankvs 407460+ SIC 49410 peers
26

Financial strength12th percentile among SIC peers · 3/25
Employees8th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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40746Covelward Limited
36
How is this score calculated?
Financial strength3/25 pts

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

Employees1/15 pts

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

Liquidity2/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/03/2025

Net Worth

-£4k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£15k

Working capital

Current Assets

£11k

Current Liabilities

£26k

Fixed Assets

£22k

0avg. employees

Tax at Year End(2017)

Corp tax£694

Balance Sheet

Assets less current liabilities£7k
Signed by Mr K Edwards,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.43-£14k
20244.34+£23k
20234.93-£41k
20172.20—

Derived from filed accounts. Not audited figures.