Covelward Limited
01340877
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 25/06/2025
Due 09/07/2026
Industry
Officers
director · Since 05/06/1991
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 72
Also on 2 other boards
Persons with Significant Control
Mr Kevin Michael John Edwards
British · United Kingdom · Age 72
Crown Cottage, 48 Langstone Road, Havant, PO9 1RF
Notified 12/03/2018
Charges3 outstanding
COVELWARD LIMITED PENSION SCHEME
HSBC BANK PLC
THE ROYAL BANK OF SCOTLAND PLC
CompanyRankvs 33782+ SIC 49410 peers16
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -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
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.43 | -£14k |
| 2024 | 4.34 | +£23k |
| 2023 | 4.93 | — |
Derived from filed accounts. Not audited figures.