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Covercy Europe Ltd

09447723

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

UNIT 5 ELSTREE GATE, BOREHAMWOOD, WD6 1JD
Incorporated 19/02/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Doron Cohen

director · Since 19/02/2015

DIRECTOR

ISRAELI · ISRAEL · Age 42

Mr Errol Stephen Rudnick

director · Since 19/02/2015

MANAGING PARTNER

BRITISH · UNITED KINGDOM · Age 70

Also on 1 other board

Persons with Significant Control

Former PSCs

Mr Doron Cohen

Ceased 06/04/2016

CompanyRankvs 27259+ SIC 82990 peers
71

Financial strength92th percentile among SIC peers · 23/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.18× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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27259Covercy Europe Ltd
71
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.

Employees10/15 pts

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

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 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

£395k

Balance sheet strength

Cash

£783k

Cash in the bank

Net Current Assets

£395k

Working capital

Current Assets

£2.6M

Current Liabilities

£2.2M

Debtors

£1.8M

2avg. employees

Tax at Year End

Corp tax£10k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.18+£32k
20231.28+£48k
20221.28+£77k
20211.34+£73k
20201.23+£56k
20191.05+£45k
20181.05—

Derived from filed accounts. Not audited figures.