Covec Limited
07804110
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 17/10/2025
Due 31/10/2026
Industry
Officers
director · Since 10/10/2011
DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 1 other board
director · Since 10/10/2011
DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 16 other boards
director · Since 17/06/2012
COMPANY DIRECTOR
BRITISH · SCOTLAND · Age 63
Also on 11 other boards
Persons with Significant Control
Mr Keith Leslie Bloxsome
British · England · Age 65
1 Manor Court, Barnes Wallis Road, Fareham, PO15 5TH
Notified 06/04/2016
Charges1 outstanding
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
HSBC UK BANK PLC
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK) (COMPANY NUMBER SC001111)
LLOYDS BANK COMMERCIAL FINANCE LIMITED
PAR INNOVATION FUND I LP
CompanyRankvs 2942+ SIC 82990 peers78
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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
£912k
Balance sheet strength
Cash
£15k
Cash in the bank
Net Current Assets
£931k
Working capital
Current Assets
£1.8M
Current Liabilities
£822k
Fixed Assets
£92k
Debtors
£733k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.13 | +£237k |
| 2023 | 2.04 | +£157k |
| 2022 | 2.48 | -£110k |
| 2021 | 2.28 | -£295k |
| 2020 | 3.88 | +£148k |
| 2019 | 2.73 | +£96k |
| 2018 | 1.73 | — |
Derived from filed accounts. Not audited figures.