Covelec Ltd
01653837
Healthy
- No accounts filed in last 18 months (-5)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/07/2021
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 5 other boards
Persons with Significant Control
Rotamec Holdings Limited
Unit 4 Labourham Farm, Draycott Road, Cheddar, BS27 3RP
Reg: 10728060 · Companies House · Private Limited Company
Notified 20/07/2021
Former PSCs
Mrs Janine Wilson
Ceased 20/07/2021
Mr Peter David Wilson
Ceased 20/07/2021
Charges2 outstanding
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CompanyRankvs 786+ SIC 32990 peers75
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2024
Net Worth
£470k
Balance sheet strength
Cash
£11k
Cash in the bank
Net Current Assets
£368k
Working capital
Current Assets
£698k
Current Liabilities
£329k
Fixed Assets
£135k
Debtors
£476k
Tax at Year End(2021)
Director Loans(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 2.12 | -£2k | — |
| 2023 | 1.90 | -£480k | — |
| 2022 | 2.91 | +£46k | — |
| 2021 | 3.80 | +£154k | — |
| 2021 | 3.55 | +£24k | £553k |
| 2020 | 3.83 | +£32k | £486k |
| 2019 | 3.00 | +£694k | £783k |
| 2017 | 2.81 | — | — |
Derived from filed accounts. Not audited figures.