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Cover-Rule Limited

02395085

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

15 THE QUAD ATHERLEIGH BUSINESS PARK, MANCHESTER, M46 0SY
Incorporated 14/06/1989

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 24/11/2025

Due 08/12/2026

On track

Industry

65120
Non-life insurance

Officers

Mr Christopher Paul Kay

director · Since 08/05/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 2 other boards

Persons with Significant Control

Ascott Broking Group Limited

75–100% shares
75–100% votes

15, The Quad Atherleigh Business Park, Manchester, M46 0SY

Notified 25/03/2026

Former PSCs

Mr Paul Robert Kay

Ceased 25/03/2026

Mrs Florence Kay

Ceased 25/03/2026

Charges2 outstanding

Charge
outstanding

FLORENCE KAY

Created 25/03/2026Registered 13/04/2026
Charge
outstanding

PAUL KAY

Created 25/03/2026Registered 27/03/2026
Charge
satisfied

LLOYDS BANK PLC

Created 05/07/2021Registered 09/07/2021Satisfied 17/03/2026
Charge
satisfied

LLOYDS BANK PLC

Created 16/06/2021Registered 22/06/2021Satisfied 17/03/2026
charge
satisfied

TSB BANK PLC

Created 10/07/1989Registered 20/07/1989Satisfied 24/12/2019
charge
satisfied

TSB BANK PLC

Created 10/07/1989Registered 20/07/1989
charge
satisfied

TSB BANK PLC

Created 10/07/1989Registered 20/07/1989Satisfied 15/08/2015

CompanyRankvs 288+ SIC 65120 peers
68

Financial strength88th percentile among SIC peers · 22/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.15× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

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

Employees14/15 pts

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

Liquidity12/20 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 31/12/2024

Net Worth

£692k

Balance sheet strength

Cash

£2.2M

Cash in the bank

Net Current Assets

£668k

Working capital

Current Assets

£5.0M

Current Liabilities

£4.3M

Fixed Assets

£139k

Debtors

£2.8M

24avg. employees+6

Balance Sheet

Assets less current liabilities£806k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.15-£62k
20231.50-£95k
20211.84
20201.52
20191.59
20181.57
20171.65

Derived from filed accounts. Not audited figures.