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Coverdrone Limited

09602269

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

ARROWSCROFT, CREWE, CW2 6BG
Incorporated 21/05/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Andrew Paul Heath

director · Since 21/05/2015

INSURANCE BROKER

BRITISH · UNITED KINGDOM · Age 52

Also on 4 other boards

Mr Philip John Heath

director · Since 21/05/2015

INSURANCE BROKER

BRITISH · UNITED KINGDOM · Age 54

Also on 2 other boards

Mr Stephen David Edward Heath

director · Since 21/05/2015

INSURANCE BROKER

BRITISH · UNITED KINGDOM · Age 49

Also on 4 other boards

Persons with Significant Control

Mr Andrew Paul Heath

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 52

Arrowscroft, 142 Nantwich Road, Crewe, CW2 6BG

Notified 22/03/2022

Mr Stephen David Edward Heath

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 49

Arrowscroft, 142 Nantwich Road, Crewe, CW2 6BG

Notified 22/03/2022

Mr Philip John Heath

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 54

Arrowscroft, 142 Nantwich Road, Crewe, CW2 6BG

Notified 22/03/2022

CompanyRankvs 860+ SIC 66220 peers
66

Financial strength97th percentile among SIC peers · 24/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.15× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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76
How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

Consolidated accounts showing the results and affairs of the group are not presented. Going concern No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis. Turnover Turnover is measured at the f

Key FinancialsYear ending 31/12/2025

Net Worth

£1.5M

Balance sheet strength

Cash

£495k

Cash in the bank

Net Current Assets

£83k

Working capital

Current Assets

£650k

Current Liabilities

£567k

Fixed Assets

£1.9M

Debtors

£155k

12avg. employees

Tax at Year End(2021)

Corp tax£25k

Balance Sheet

Intangible assets£66k
Assets less current liabilities£2.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.15+£632k
20242.14+£441k
20231.13+£227k
20222.01+£69k
20212.36—

Derived from filed accounts. Not audited figures.