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Newcover Limited

15350776

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

ACADEMY HOUSE, BRIDGEND, CF31 1JF
Incorporated 14/12/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Jeffery Okperhan

director · Since 01/01/2026

BRITISH · UNITED KINGDOM · Age 27

Also on 3 other boards

Persons with Significant Control

Mr Jeffery Okperhan

75–100% shares

British · United Kingdom · Age 27

Academy House, 11 Dunraven Place, Bridgend, CF31 1JF

Notified 01/01/2026

Former PSCs

Mr Ceri Richard John

Ceased 23/10/2024

Mr Mujtaba Faisal

Ceased 05/01/2025

Mr Chaudhry Baber Ali

Ceased 01/01/2026

CompanyRankvs 13094+ SIC 46900 peers
40

Financial strength55th percentile among SIC peers · 14/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.55× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength14/25 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.

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.

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

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

Going Concern Doubt

in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 31/12/2024

Net Worth

£4k

Balance sheet strength

Cash

£25k

Cash in the bank

Net Current Assets

-£72k

Working capital

Current Assets

£88k

Current Liabilities

£160k

Fixed Assets

£77k

Debtors

£36k

4avg. employees

Balance Sheet

Assets less current liabilities£4k
Signed by Mr C Ali,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.55

Derived from filed accounts. Not audited figures.