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Covvered Limited

10666425

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

TRINITY HOUSE, BIRMINGHAM, B1 1QH
Incorporated 13/03/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

96090
Other personal service activities

Officers

Mr Shane Michael Frith

director · Since 13/03/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 12 other boards

Persons with Significant Control

Mr Shane Michael Frith

25–50% shares

British · United Kingdom · Age 56

Trinity House, 28-30 Blucher Street, Birmingham, B1 1QH

Notified 13/03/2017

Mr Gary John Collett

25–50% shares

British · England · Age 47

Trinity House, 28-30 Blucher Street, Birmingham, B1 1QH

Notified 06/12/2019

CompanyRankvs 15+ SIC 96090 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.27× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity2/20 pts

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

Longevity9/15 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

exceeded its total assets by £41,885 (£58,766 : 31st March 2020). These conditions indicate the existence of material uncertainty which may cast doubt about the company's ability to continue as a going concern. The Directors are prepared to continue supporting the company. The Directors have concluded that they can continue to adopt the going concern basis in preparing these accounts. The financia

Key FinancialsYear ending 31/12/2020

Net Worth

-£589k

Balance sheet strength

Cash

£565

Cash in the bank

Net Current Assets

-£400k

Working capital

Current Assets

£144k

Current Liabilities

£545k

Fixed Assets

£359k

Debtors

£144k

6avg. employees

Balance Sheet

Intangible assets£356k
Assets less current liabilities-£42k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20200.27
20200.28
20190.09

Derived from filed accounts. Not audited figures.