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Covely Ltd

10902956

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

GREYSTONE OFFICES, WALSALL, WS1 2LT
Incorporated 07/08/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet
62020
Information technology consultancy activities
62090
Other information technology service activities
74209
Other photographic activities

Officers

Mr Abdulkadir Ali Ali

director · Since 07/08/2017

DIRECTOR

DUTCH · ENGLAND · Age 36

Also on 2 other boards

Mrs Hamdi Mahamud

director · Since 07/08/2017

DIRECTOR

DUTCH · ENGLAND · Age 32

Also on 2 other boards

Persons with Significant Control

Mr Abdulkadir Ali Ali

25–50% shares
25–50% votes
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

Dutch · England · Age 36

Greystone Offices, 5 Birmingham Road, Walsall, WS1 2LT

Notified 07/08/2017

Mrs Hamdi Mahamud

25–50% shares
25–50% votes
Appoint directors
significant-influence-or-control-as-trust

Dutch · England · Age 32

Greystone Offices, 5 Birmingham Road, Walsall, WS1 2LT

Notified 07/08/2017

CompanyRankvs 5311+ SIC 47910 peers
76

Financial strength95th percentile among SIC peers · 24/25
Employees54th percentile among SIC peers · 8/15
LiquidityCurrent ratio 38.72× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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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.

Employees8/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/08/2024

Net Worth

£101k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£65k

Working capital

Current Assets

£66k

Current Liabilities

£2k

Fixed Assets

£38k

1avg. employees

Balance Sheet

Assets less current liabilities£102k
Prepared with BTCSoftware AP Solution 2025 12.1.02

EstimatesDerived

YearCurrent RatioImplied Profit
202438.72-£18k
202318.54-£34k
20226.02+£42k
20213.18+£98k
20201.38—

Derived from filed accounts. Not audited figures.