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Covestus Limited

11667150

active
Private Limited Company
england wales
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • 4 outstanding charges (-8)

Details

FESTIVAL HOUSE, CHELTENHAM, GL50 3SH
Incorporated 08/11/2018

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 07/11/2025

Due 21/11/2026

On track

Industry

21200
Manufacture of pharmaceutical preparations

Officers

Mr Daniel Llewellyn Thomas

director · Since 17/11/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 7 other boards

Mr Quentin Giles Anthony Higham

director · Since 06/06/2025

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 7 other boards

Mr Michael Thomas Potts

director · Since 08/12/2025

AUSTRALIAN · WALES · Age 59

Also on 5 other boards

Persons with Significant Control

Covestus Holdings Limited

75–100% shares
75–100% votes

Festival House, Jessop Avenue, Cheltenham, GL50 3SH

Reg: 11663029 · United Kingdom · Private Limited Company

Notified 08/11/2018

Charges4 outstanding

Charge
outstanding

COVESTUS HOLDINGS LIMITED

Created 08/12/2025Registered 15/12/2025
Charge
outstanding

MAVEN CAPITAL PARTNERS UK LLP AS SECURITY TRUSTEE

Created 08/12/2025Registered 15/12/2025
Charge
outstanding

MAVEN CAPITAL PARTNERS UK LLP

Created 13/06/2024Registered 14/06/2024
Charge
outstanding

HSBC UK BANK PLC

Created 02/07/2021Registered 05/07/2021

CompanyRankvs 1860+ SIC 21200 peers
43

Financial strength63th percentile among SIC peers · 16/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.14× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength16/25 pts

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

Employees12/15 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.

Longevity8/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£5k

Balance sheet strength

Cash

£48k

Cash in the bank

Net Current Assets

-£548k

Working capital

Current Assets

£88k

Current Liabilities

£636k

Fixed Assets

£632k

Debtors

£22k

3avg. employees

Balance Sheet

Intangible assets£1
Bank loans & overdrafts£50k
Assets less current liabilities£84k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.14-£376k
20230.49-£1.4M
20222.85-£92k
20212.63+£1.4M
20200.77+£432k
20190.06

Derived from filed accounts. Not audited figures.