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Covol Engineering Limited

11184319

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

OFFICE 507/508, BELASIS BUSINESS CENTRE, BILLINGHAM, TS23 4EA
Incorporated 02/02/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71122
Engineering related scientific and technical consulting activities

Officers

Mr Jeremy David Gadd

director · Since 02/02/2018

DIRECTOR

BRITISH · ENGLAND · Age 61

Persons with Significant Control

Mr Jeremy David Gadd

75–100% shares
75–100% votes
Appoint directors

British · England · Age 61

Office 507/508, Belasis Business Centre, Coxwold Way, Billingham, TS23 4EA

Notified 02/02/2018

Charges0 outstanding

Charge
satisfied

NPIF TVC DEBT LP ACTING BY TVC LOANS NPIF GP LIMITED AS THE GENERAL PARTNER OF NPIF TVC DEBT L

Created 23/09/2019Registered 25/09/2019Satisfied 11/02/2025
Charge
satisfied

NPIF TVC DEBT LP ACTING BY TVC LOANS NPIF GP LIMITED AS THE GENERAL PARTNER OF NPIF TVC DEBT L

Created 15/03/2018Registered 19/03/2018Satisfied 11/02/2025
Charge
satisfied

UK STEEL ENTERPRISE LIMITED

Created 15/03/2018Registered 15/03/2018Satisfied 20/11/2025

CompanyRankvs 2515+ SIC 71122 peers
78

Financial strength93th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.57× · 16/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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2515Covol Engineering Limited
73
How is this score calculated?
Financial strength23/25 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.

Liquidity16/20 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 31/12/2025

Net Worth

£222k

Balance sheet strength

Cash

£335k

Cash in the bank

Net Current Assets

£188k

Working capital

Current Assets

£516k

Current Liabilities

£328k

Fixed Assets

£36k

Debtors

£181k

11avg. employees

Balance Sheet

Assets less current liabilities£224k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.57+£0
20251.57+£254k
20240.86+£27k
20230.91—

Derived from filed accounts. Not audited figures.