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Covprop Ltd

12349974

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 7 outstanding charges (-10)

Details

149 ST. JULIANS ROAD, NEWPORT, NP19 7RZ
Incorporated 05/12/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68201
Renting and operating of Housing Association real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Lee Covell

director · Since 05/12/2019

ELECTRICAL ENGINEER

WELSH · UNITED KINGDOM · Age 36

Persons with Significant Control

Mr Lee Covell

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

Welsh · United Kingdom · Age 36

149, St. Julians Road, Newport, NP19 7RZ

Notified 05/12/2019

Charges7 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 14/01/2026Registered 20/01/2026
Charge
outstanding

VIDA BANK LIMITED TRADING AS VIDA HOMELOANS

Created 24/09/2025Registered 26/09/2025
Charge
outstanding

VIDA BANK LIMITED

Created 22/07/2025Registered 30/07/2025
Charge
satisfied

VIDA BANK LIMITED

Created 20/07/2025Registered 25/07/2025Satisfied 30/07/2025
Charge
outstanding

UNITED TRUST BANK

Created 22/04/2025Registered 23/04/2025
Charge
outstanding

FAMILY FINANCE LIMITED

Created 04/02/2025Registered 06/02/2025
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 28/06/2024Registered 08/07/2024
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 28/06/2024Registered 08/07/2024
Charge
satisfied

FAMILY FINANCE LIMITED

Created 25/04/2024Registered 26/04/2024Satisfied 24/07/2025

CompanyRankvs 77788+ SIC 68100 peers
36

Financial strength53th percentile among SIC peers · 13/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.16× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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77788Covprop Ltd
45
How is this score calculated?
Financial strength13/25 pts

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

Employees9/15 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.

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.

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

£652

Balance sheet strength

Cash

£102k

Cash in the bank

Net Current Assets

-£581k

Working capital

Current Assets

£109k

Current Liabilities

£690k

Fixed Assets

£699k

Debtors

£7k

1avg. employees

Balance Sheet

Bank loans & overdrafts£313k
Assets less current liabilities£118k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.16

Derived from filed accounts. Not audited figures.