Back to search

Cov Salvage Ltd

14501325

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

OFFICE 8, MINUTEMAN HOUSE,, WATFORD, WD17 4PT
Incorporated 23/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
45190
Sale of other motor vehicles
45200
Maintenance and repair of motor vehicles

Officers

Mr Jagdeep Hayer

director · Since 23/11/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 3 other boards

Persons with Significant Control

Mr Jagdeep Hayer

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

British · England · Age 38

Office 8, Minuteman House,, 8 Langley Road, Watford, WD17 4PT

Notified 23/11/2022

CompanyRankvs 23691+ SIC 45112 peers
30

Financial strength12th percentile among SIC peers · 3/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.65× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Wilsons Automobiles And Coachworks Limited
90
2J.P. Arthur & Sons Limited
90
3Gumbrell'S Motors Limited
90
4Brunswick Garage Limited
90
5Leeson'S Garage Limited
90
6Platts Motor Company Limited
90
7D.G. Weaver Limited
90
8Ben Smith & Sons(Wantage)Limited
90
9Holders Of Congresbury Limited
90
10Westridge Garage (Ryde) Limited
90
23691Cov Salvage Ltd
25
How is this score calculated?
Financial strength3/25 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.

Liquidity6/20 pts

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

Longevity4/15 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 30/11/2025

Net Worth

-£14k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£14k

Working capital

Current Assets

£25k

Current Liabilities

£39k

0avg. employees

Balance Sheet

Assets less current liabilities-£14k

EstimatesDerived

YearCurrent RatioImplied Profit
20250.65-£4k
20240.76+£7k
20230.13—

Derived from filed accounts. Not audited figures.