Covalent Group Limited
10060567
Some Concerns
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2025
group
Next accounts due
30/12/2026
Confirmation statement
Last: 03/03/2026
Due 17/03/2027
Industry
Officers
director · Since 14/03/2016
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 67
Also on 15 other boards
director · Since 14/03/2016
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 55
Also on 5 other boards
Persons with Significant Control
Hlm+Ld Employee Trustee Limited
Wool + Tailor Building Fifth Floor, 10-12 Alie Street, London, E1 8DE
Reg: 13084001 · Companies House, Cardiff · Private Company Limited By Guarantee Without Share Capital
Notified 23/12/2020
Charges1 outstanding
HSBC BANK PLC
CompanyRankvs 3349+ SIC 70100 peers53
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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
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent 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 going c
Key FinancialsYear ending 31/03/2025
Net Worth
£319k
Balance sheet strength
Cash
£36k
Cash in the bank
Net Current Assets
£164k
Working capital
Current Assets
£471k
Current Liabilities
£307k
Debtors
£434k
Profit After Tax
£939k
Tax at Year End(2024)
People Costs(2024)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.53 | +£179k |
| 2024 | 2.42 | -£172k |
| 2023 | 1.38 | +£52k |
| 2021 | 1.82 | — |
Derived from filed accounts. Not audited figures.