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Coverys Mga (Uk) Limited

12282267

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)

Details

25 FENCHURCH AVENUE, LONDON, EC3M 5AD
Incorporated 25/10/2019

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 22/10/2025

Due 05/11/2026

On track

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Michael Bell Bsc Aca

director · Since 25/10/2019

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 10 other boards

Mr Stefan Raftopoulos

director · Since 06/06/2024

BUSINESS EXECUTIVE

BRITISH · ENGLAND · Age 55

Also on 3 other boards

Persons with Significant Control

Coverys Uk Holding Co. Limited

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

5th Floor, Dixon House, 1 Lloyd's Avenue, London, EC3N 3DS

Reg: 10810836 · Companies House Of England And Wales · Private Company Limited By Shares

Notified 28/11/2023

Former PSCs

Coverys European Holdings Limited

Ceased 28/11/2023

CompanyRankvs 3011+ SIC 66220 peers
56

Financial strength81th percentile among SIC peers · 20/25
Employees12th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.19× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength20/25 pts

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

Employees2/15 pts

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

Liquidity12/20 pts

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

Longevity7/15 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 31/12/2023

Turnover

£1.4M

Annual revenue

Net Worth

£130k

Balance sheet strength

Cash

£403k

Cash in the bank

Profit Before Tax

£0

Bottom line earnings

Net Current Assets

£130k

Working capital

Current Assets

£826k

Current Liabilities

£696k

Debtors

£423k

Gross Profit

£1.4M

Admin Expenses

£1.4M

Operating Profit

£0

0avg. employees

Balance Sheet

Assets less current liabilities£130k
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20231.19

Derived from filed accounts. Not audited figures.