Cove Brands Limited
10111465
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 22/12/2025
AMERICAN · UNITED STATES · Age 30
Also on 1 other board
Persons with Significant Control
Cove Brands Inc.
55 Broadway, 3rd Floor, Ny, 10006
Reg: 6013178 · Delaware Division Of Corporations · Corporation
Notified 01/04/2021
Former PSCs
Santiago Nestares Lampo
Ceased 01/04/2021
Mr Benedict Dohmen
Ceased 01/04/2021
Charges5 outstanding
SELLERSFUNDING INTERNATIONAL PORTFOLIO LTD AS SECURITY AGENT.
SELLERSFUNDING INTERNATIONAL PORTFOLIO LTD AS SECURITY AGENT.
COVENTURE BENTO CREDIT OPPORTUNITIES GP, LLC AS SECURITY AGENT
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CompanyRankvs 10777+ SIC 47190 peers27
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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
events or conditions, along with the other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the pre
Key FinancialsYear ending 31/12/2024
Turnover
£4.1M
Annual revenue
Net Worth
-£2.7M
Balance sheet strength
Cash
£3.0M
Cash in the bank
Profit Before Tax
-£3.1M
Bottom line earnings
Net Current Assets
£19.7M
Working capital
Current Assets
£23.2M
Current Liabilities
£3.5M
Fixed Assets
£3k
Debtors
£18.9M
Cost of Sales
£4.0M
Gross Profit
£109k
Admin Expenses
£649k
Profit After Tax
-£3.1M
People Costs(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 6.56 | -£3.1M |
| 2023 | 6.31 | -£1.2M |
| 2022 | 6.02 | +£596k |
| 2021 | 1.93 | +£885k |
| 2020 | 1.18 | +£68k |
| 2019 | 1.51 | — |
Derived from filed accounts. Not audited figures.