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Covariance Ltd

09347978

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

PENDELL HOUSE PENDELL ROAD, REDHILL, RH1 4QH
Incorporated 09/12/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

14390
Manufacture of other knitted and crocheted apparel
47910
Retail sale via mail order houses or via Internet
70229
Management consultancy activities

Officers

Mr Mark Alexander Thomson

director · Since 09/12/2014

DIRECTOR

BRITISH · ENGLAND · Age 49

Miss Carrie-Anne Louise Thomson

director · Since 29/05/2018

DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Miss Carrie-Anne Louise Thomson

75–100% shares

British · England · Age 41

Pendell House, Pendell Road, Redhill, RH1 4QH

Notified 28/05/2018

Former PSCs

Mr Mark Alexander Thomson

Ceased 28/05/2018

CompanyRankvs 12+ SIC 14390 peers
82

Financial strength93th percentile among SIC peers · 23/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 46.79× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees12/15 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.

Longevity12/15 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 31/12/2024

Net Worth

£203k

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

£75k

Working capital

Current Assets

£77k

Current Liabilities

£2k

Fixed Assets

£3k

Debtors

£39k

2avg. employees

Tax at Year End

Corp tax£821
VAT£1k

Balance Sheet

Intangible assets£1
Assets less current liabilities£203k
Prepared with Acting Office - Tax and Accounts

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
202446.79-£15k£22k
2023213.98-£4k£2k
202214.05+£61k
20211131.42

Derived from filed accounts. Not audited figures.