Flexicovers Limited
04978939
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 28/11/2003
SECRETARY
BRITISH · UNITED KINGDOM · Age 81
Also on 3 other boards
director · Since 28/11/2003
DIRECTOR
BRITISH · ENGLAND · Age 83
Also on 5 other boards
Charges1 outstanding
PARAGON BUSINESS FINANCE PLC
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
CompanyRankvs 139+ SIC 30990 peers65
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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 31/12/2024
Net Worth
£230k
Balance sheet strength
Cash
£75k
Cash in the bank
Net Current Assets
£150k
Working capital
Current Assets
£1.1M
Current Liabilities
£981k
Fixed Assets
£148k
Debtors
£859k
Profit After Tax
£397k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.15 | +£192k |
| 2023 | 1.01 | -£8k |
| 2022 | 1.02 | -£20k |
| 2021 | 1.15 | -£30k |
| 2020 | 1.37 | -£235k |
| 2019 | 10.42 | -£72k |
| 2018 | 1.41 | — |
Derived from filed accounts. Not audited figures.