Covoya Ltd
06955104
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/07/2009
COFFEE TRADER
BRITISH · UNITED KINGDOM · Age 53
Also on 4 other boards
director · Since 20/12/2016
SENIOR VICE PRESIDENT & COFFEE TRADER
DANISH · SWITZERLAND · Age 58
secretary · Since 26/10/2022
Persons with Significant Control
Ofi Group Limited
The Adelphi, Level 5, London, WC2N 6HT
Reg: 13595806 · Companies House · Limited By Shares
Notified 26/10/2022
Charges2 outstanding
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
HSBC BANK PLC
CompanyRankvs 160+ SIC 10832 peers48
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£10k
Balance sheet strength
Cash
£2.5M
Cash in the bank
Profit Before Tax
£218k
Bottom line earnings
Net Current Assets
-£759k
Working capital
Current Assets
£15.1M
Current Liabilities
£15.9M
Fixed Assets
£26k
Debtors
£3.4M
Admin Expenses
£2.0M
Profit After Tax
£123k
Tax at Year End(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.95 | +£0 |
| 2023 | 0.93 | +£0 |
| 2022 | 0.94 | -£94k |
| 2021 | 1.01 | -£179k |
| 2020 | 1.02 | +£110k |
| 2019 | 1.02 | +£19k |
| 2018 | 1.02 | — |
Derived from filed accounts. Not audited figures.