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Correvate Limited

10708290

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

C/O FROST GROUP LIMITED COURT HOUSE THE OLD POLICE STATION, ASHBY-DE-LA-ZOUCH, LE65 1BR
Incorporated 04/04/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71122
Engineering related scientific and technical consulting activities

Officers

Dr David Richard Selviah

director · Since 04/04/2017

UNIVERSITY READER

BRITISH · ENGLAND · Age 67

Mr Martin Edgar Richards

director · Since 05/12/2017

RETIRED SOLICITOR

BRITISH · ENGLAND · Age 83

Also on 3 other boards

Mr Simon Henry Kenner

director · Since 26/07/2022

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 5 other boards

Mr Ravi Ranjit Gidwani

director · Since 29/08/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 5 other boards

Persons with Significant Control

Former PSCs

Dr David Richard Selviah

Ceased 12/12/2017

Mr Roger Maran

Ceased 21/11/2017

CompanyRankvs 155490+ SIC 71122 peers
35

Financial strength1th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.77× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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15549Correvate Limited
41
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.

Employees15/15 pts

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

Liquidity6/20 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The Company's ability to continue as a going concern is dependent on its ability to generate sufficient cash flows from operations, secure additional financing if necessary, and su

Key FinancialsYear ending 31/12/2023

Net Worth

-£204k

Balance sheet strength

Cash

£494k

Cash in the bank

Net Current Assets

-£204k

Working capital

Current Assets

£663k

Current Liabilities

£867k

Debtors

£169k

11avg. employees-3

Balance Sheet

Assets less current liabilities-£204k
Signed by Mr Ravi Gidwani 20/05/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.77-£927k
20223.36—

Derived from filed accounts. Not audited figures.