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Covertech Midlands Ltd

05701177

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

2 PRIEST MEADOW CLOSE, REDDITCH, B96 6HT
Incorporated 07/02/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45320
Retail trade of motor vehicle parts and accessories

Officers

Blanche Tinsley

secretary · Since 07/02/2006

BRITISH

Mr Andrew James Tinsley

director · Since 07/02/2006

ENGINEER

BRITISH · UNITED KINGDOM · Age 54

Also on 1 other board

Mr Iain Gordon Tinsley

director · Since 07/02/2006

ENGINEER

BRITISH · UNITED KINGDOM · Age 55

Also on 2 other boards

Persons with Significant Control

Mr Iain Gordon Tinsley

25–50% shares
25–50% votes
significant-influence-or-control-as-firm

British · United Kingdom · Age 55

2, Priest Meadow Close, Redditch, B96 6HT

Notified 06/04/2016

Mr Andrew James Tinsley

25–50% shares
25–50% votes
significant-influence-or-control-as-firm

British · United Kingdom · Age 54

2, Priest Meadow Close, Redditch, B96 6HT

Notified 06/04/2016

CompanyRankvs 2110+ SIC 45320 peers
66

Financial strength42th percentile among SIC peers · 11/25
Employees35th percentile among SIC peers · 5/15
LiquidityCurrent ratio 2.08× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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2110Covertech Midlands Ltd
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How is this score calculated?
Financial strength11/25 pts

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

Employees5/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 28/02/2025

Net Worth

£400

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

£15k

Working capital

Current Assets

£30k

Current Liabilities

£14k

Fixed Assets

£1k

Debtors

£20k

1avg. employees

Balance Sheet

Assets less current liabilities£17k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20252.08
20241.97
20232.35
20222.27
20212.09
20201.70
20191.40

Derived from filed accounts. Not audited figures.