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Covertswarm Midco Limited

14987974

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

INTERNATIONAL HOUSE, LONDON, EC3V 3NG
Incorporated 07/07/2023

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 06/07/2025

Due 20/07/2026

On track

Industry

62090
Other information technology service activities

Officers

Mr Luke Daniel Potter

director · Since 04/08/2023

CYBERSECURITY

BRITISH · ENGLAND · Age 39

Also on 3 other boards

Mr Anders Reeves

director · Since 04/08/2023

CEO / FOUNDER

BRITISH · ENGLAND · Age 46

Also on 4 other boards

Mr Nicholas Dibbern

director · Since 17/01/2025

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 43

Also on 3 other boards

Persons with Significant Control

Covertswarm Group Limited

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

International House, 36-38 Cornhill, London, EC3V 3NG

Reg: 14985565 · Companies House · Limited By Shares

Notified 07/07/2023

Charges1 outstanding

Charge
outstanding

BEECH TREE GENERAL PARTNER IV LLP AS SECURITY TRUSTEE

Created 04/08/2023Registered 17/08/2023

CompanyRankvs 53374+ SIC 62090 peers
11

Financial strength1th percentile among SIC peers · 0/25
Employees85th percentile among SIC peers · 13/15
LiquidityNo balance sheet data · 0/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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53374Covertswarm Midco Limited
30
How is this score calculated?
Financial strength0/25 pts

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

Employees13/15 pts

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

Liquidity0/20 pts

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

Longevity3/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. Finance costs Finance costs are charged to the Statement of Income and Retained Earnings over the term of t

Key FinancialsYear ending 31/03/2025

Net Worth

-£1.9M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£15.8M

Debtors

£29.0M

3avg. employees+3
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2025—-£1.2M
20241.90—

Derived from filed accounts. Not audited figures.