coveberry limited
coveberry limited Company Information
Company Number
01208511
Next Accounts
Jun 2025
Shareholders
caretech community services ltd
Group Structure
View All
Industry
Hospital activities
Registered Address
5th flr metropolitan house, 3 darkes lane, potters bar, hertfordshire, EN6 1AG
Website
https://www.coveberry.co.ukcoveberry limited Estimated Valuation
Pomanda estimates the enterprise value of COVEBERRY LIMITED at £14.4m based on a Turnover of £21.8m and 0.66x industry multiple (adjusted for size and gross margin).
coveberry limited Estimated Valuation
Pomanda estimates the enterprise value of COVEBERRY LIMITED at £8.9m based on an EBITDA of £2m and a 4.56x industry multiple (adjusted for size and gross margin).
coveberry limited Estimated Valuation
Pomanda estimates the enterprise value of COVEBERRY LIMITED at £8.9m based on Net Assets of £3.5m and 2.53x industry multiple (adjusted for liquidity).
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Coveberry Limited Overview
Coveberry Limited is a live company located in potters bar, EN6 1AG with a Companies House number of 01208511. It operates in the hospital activities sector, SIC Code 86101. Founded in April 1975, it's largest shareholder is caretech community services ltd with a 100% stake. Coveberry Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.8m with rapid growth in recent years.
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Coveberry Limited Health Check
Pomanda's financial health check has awarded Coveberry Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £21.8m, make it larger than the average company (£3.8m)
£21.8m - Coveberry Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 104%, show it is growing at a faster rate (7.9%)
104% - Coveberry Limited
7.9% - Industry AVG
Production
with a gross margin of 20.7%, this company has a higher cost of product (35.3%)
20.7% - Coveberry Limited
35.3% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (10.1%)
0.2% - Coveberry Limited
10.1% - Industry AVG
Employees
with 472 employees, this is above the industry average (47)
472 - Coveberry Limited
47 - Industry AVG
Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£32.5k)
£28k - Coveberry Limited
£32.5k - Industry AVG
Efficiency
resulting in sales per employee of £46.3k, this is less efficient (£75.7k)
£46.3k - Coveberry Limited
£75.7k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (28 days)
40 days - Coveberry Limited
28 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Coveberry Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Coveberry Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (32 weeks)
6 weeks - Coveberry Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92%, this is a higher level of debt than the average (51%)
92% - Coveberry Limited
51% - Industry AVG
COVEBERRY LIMITED financials
Coveberry Limited's latest turnover from September 2023 is £21.8 million and the company has net assets of £3.5 million. According to their latest financial statements, Coveberry Limited has 472 employees and maintains cash reserves of £657 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,841,000 | 22,189,000 | 23,621,000 | 2,561,000 | 2,007,000 | 1,390,000 | 1,618,000 | 1,956,000 | 1,978,000 | 2,109,000 | 2,270,000 | 2,167,000 | 2,185,000 | 43,000 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 17,320,000 | 18,538,000 | 20,042,000 | 1,506,000 | 1,328,000 | 939,000 | 1,035,000 | 1,151,000 | 981,000 | 814,000 | 825,000 | 824,000 | 829,000 | 16,000 | |
| Gross Profit | 4,521,000 | 3,651,000 | 3,579,000 | 1,055,000 | 679,000 | 451,000 | 583,000 | 805,000 | 997,000 | 1,295,000 | 1,445,000 | 1,343,000 | 1,356,000 | 27,000 | |
| Admin Expenses | 4,482,000 | 4,182,000 | -2,136,000 | 316,000 | 376,000 | 392,000 | 434,000 | 367,000 | 409,000 | 374,000 | 358,000 | 399,000 | 13,000 | ||
| Operating Profit | 39,000 | -531,000 | 5,715,000 | 739,000 | 75,000 | 191,000 | 371,000 | 630,000 | 886,000 | 1,071,000 | 985,000 | 957,000 | 14,000 | ||
| Interest Payable | 1,187,000 | 1,084,000 | 972,000 | 390,000 | |||||||||||
| Interest Receivable | 105,000 | ||||||||||||||
| Pre-Tax Profit | -1,043,000 | -1,615,000 | 4,743,000 | 739,000 | 261,000 | 75,000 | 191,000 | 371,000 | 630,000 | 886,000 | 1,461,000 | 985,000 | 957,000 | 564,000 | |
| Tax | 172,000 | -545,000 | 386,000 | -32,000 | -138,000 | -42,000 | -114,000 | -252,000 | -247,000 | ||||||
| Profit After Tax | -871,000 | -2,160,000 | 5,129,000 | 707,000 | 123,000 | 75,000 | 149,000 | 257,000 | 630,000 | 886,000 | 1,209,000 | 738,000 | 957,000 | 564,000 | |
| Dividends Paid | 1,900,000 | 2,500,000 | |||||||||||||
| Retained Profit | -871,000 | -2,160,000 | 5,129,000 | 707,000 | 123,000 | 75,000 | 149,000 | -1,643,000 | 630,000 | 886,000 | -1,291,000 | 738,000 | 957,000 | 564,000 | |
| Employee Costs | 13,216,000 | 12,517,000 | 13,715,000 | 898,000 | 973,000 | 840,000 | 803,000 | 838,000 | 782,000 | 814,000 | 808,000 | 824,000 | 829,000 | 16,000 | |
| Number Of Employees | 472 | 471 | 615 | 38 | 40 | 43 | 42 | 45 | 43 | 46 | 54 | 48 | 48 | ||
| EBITDA* | 1,964,000 | 1,731,000 | 6,676,000 | 816,000 | 134,000 | 247,000 | 427,000 | 646,000 | 901,000 | 1,087,000 | 999,000 | 965,000 | 14,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,130,000 | 33,723,000 | 33,562,000 | 2,261,000 | 2,288,000 | 1,658,000 | 788,000 | 456,000 | 291,000 | 225,000 | 195,000 | 169,000 | 90,000 | 34,000 | |
| Intangible Assets | 32,936,000 | 5,362,000 | 6,566,000 | ||||||||||||
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 38,067,000 | 39,085,000 | 40,128,000 | 2,261,000 | 2,288,000 | 1,658,000 | 788,000 | 456,000 | 291,000 | 225,000 | 195,000 | 169,000 | 90,000 | 34,000 | |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 2,415,000 | 3,600,000 | 464,000 | 25,000 | 82,000 | 21,000 | 40,000 | 31,000 | 158,000 | 61,000 | 14,000 | 18,000 | 189,000 | ||
| Group Debtors | 1,784,000 | 1,792,000 | 1,358,000 | 580,000 | 1,969,000 | 529,000 | |||||||||
| Misc Debtors | 1,280,000 | 1,208,000 | 3,955,000 | 54,000 | 53,000 | 16,000 | 26,000 | 281,000 | |||||||
| Cash | 657,000 | 216,000 | 4,867,000 | 442,000 | 139,000 | 28,000 | 27,000 | 488,000 | 6,000 | 38,000 | 54,000 | 162,000 | 250,000 | 101,000 | |
| misc current assets | 103,000 | 6,000 | 220,000 | 83,000 | 83,000 | 77,000 | 88,000 | 352,000 | |||||||
| total current assets | 6,136,000 | 5,024,000 | 9,286,000 | 521,000 | 274,000 | 168,000 | 73,000 | 739,000 | 2,065,000 | 1,540,000 | 725,000 | 2,237,000 | 1,412,000 | 290,000 | |
| total assets | 44,203,000 | 44,109,000 | 49,414,000 | 2,782,000 | 2,562,000 | 1,826,000 | 861,000 | 1,195,000 | 2,356,000 | 1,765,000 | 920,000 | 2,406,000 | 1,502,000 | 324,000 | |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 117,000 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 575,000 | 488,000 | |||||||||||||
| other current liabilities | 4,653,000 | 7,090,000 | 11,152,000 | 1,333,000 | 1,830,000 | 1,218,000 | 328,000 | 811,000 | 329,000 | 368,000 | 409,000 | 604,000 | 438,000 | 100,000 | |
| total current liabilities | 5,228,000 | 7,578,000 | 11,152,000 | 1,333,000 | 1,830,000 | 1,218,000 | 328,000 | 811,000 | 329,000 | 368,000 | 409,000 | 604,000 | 438,000 | 217,000 | |
| loans | 4,061,000 | 61,418,000 | 61,650,000 | ||||||||||||
| hp & lease commitments | 30,135,000 | 30,709,000 | 30,825,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,243,000 | 2,830,000 | 1,740,000 | 22,000 | 2,000 | ||||||||||
| total long term liabilities | 35,439,000 | 32,124,000 | 31,695,000 | 11,000 | 1,000 | ||||||||||
| total liabilities | 40,667,000 | 39,702,000 | 42,847,000 | 1,344,000 | 1,831,000 | 1,218,000 | 328,000 | 811,000 | 329,000 | 368,000 | 409,000 | 604,000 | 438,000 | 217,000 | |
| net assets | 3,536,000 | 4,407,000 | 6,567,000 | 1,438,000 | 731,000 | 608,000 | 533,000 | 384,000 | 2,027,000 | 1,397,000 | 511,000 | 1,802,000 | 1,064,000 | 107,000 | |
| total shareholders funds | 3,536,000 | 4,407,000 | 6,567,000 | 1,438,000 | 731,000 | 608,000 | 533,000 | 384,000 | 2,027,000 | 1,397,000 | 511,000 | 1,802,000 | 1,064,000 | 107,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 39,000 | -531,000 | 5,715,000 | 739,000 | 75,000 | 191,000 | 371,000 | 630,000 | 886,000 | 1,071,000 | 985,000 | 957,000 | 14,000 | ||
| Depreciation | 378,000 | 1,058,000 | 961,000 | 77,000 | 48,000 | 59,000 | 56,000 | 56,000 | 16,000 | 15,000 | 16,000 | 14,000 | 8,000 | ||
| Amortisation | 1,547,000 | 1,204,000 | |||||||||||||
| Tax | 172,000 | -545,000 | 386,000 | -32,000 | -138,000 | -42,000 | -114,000 | -252,000 | -247,000 | ||||||
| Stock | |||||||||||||||
| Debtors | 671,000 | 389,000 | 4,340,000 | -56,000 | 98,000 | -3,000 | 9,000 | -1,945,000 | 557,000 | 825,000 | -1,393,000 | 1,177,000 | 621,000 | 189,000 | |
| Creditors | -117,000 | 117,000 | |||||||||||||
| Accruals and Deferred Income | -2,437,000 | -4,062,000 | 9,819,000 | -497,000 | 612,000 | 890,000 | -483,000 | 482,000 | -39,000 | -41,000 | -195,000 | 166,000 | 338,000 | 100,000 | |
| Deferred Taxes & Provisions | -1,587,000 | 1,090,000 | 1,718,000 | 20,000 | 2,000 | ||||||||||
| Cash flow from operations | -2,559,000 | -2,175,000 | 14,259,000 | 363,000 | 1,027,000 | -287,000 | 2,740,000 | 50,000 | 35,000 | 2,033,000 | -259,000 | 565,000 | 42,000 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,000 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -57,357,000 | -232,000 | 61,650,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -487,000 | 372,000 | 30,825,000 | ||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -1,082,000 | -1,084,000 | -972,000 | -390,000 | |||||||||||
| cash flow from financing | -58,926,000 | -944,000 | 91,503,000 | -390,000 | -457,000 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 441,000 | -4,651,000 | 4,425,000 | 303,000 | 111,000 | 1,000 | -461,000 | 482,000 | -32,000 | -16,000 | -108,000 | -88,000 | 149,000 | 101,000 | |
| overdraft | |||||||||||||||
| change in cash | 441,000 | -4,651,000 | 4,425,000 | 303,000 | 111,000 | 1,000 | -461,000 | 482,000 | -32,000 | -16,000 | -108,000 | -88,000 | 149,000 | 101,000 |
coveberry limited Credit Report and Business Information
Coveberry Limited Competitor Analysis
Perform a competitor analysis for coveberry limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in EN6 area or any other competitors across 12 key performance metrics.
coveberry limited Ownership
COVEBERRY LIMITED group structure
Coveberry Limited has 1 subsidiary company.
Ultimate parent company
AMALFI TOPCO LTD
#0143766
2 parents
COVEBERRY LIMITED
01208511
1 subsidiary
coveberry limited directors
Coveberry Limited currently has 3 directors. The longest serving directors include Mr Farouq Sheikh (Sep 2010) and Mr Haroon Sheikh (Sep 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Farouq Sheikh | 66 years | Sep 2010 | - | Director | |
| Mr Haroon Sheikh | 69 years | Sep 2010 | - | Director | |
| Mr Christoper Dickinson | England | 47 years | Jan 2020 | - | Director |
P&L
September 2023turnover
21.8m
-2%
operating profit
39k
-107%
gross margin
20.7%
+25.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
3.5m
-0.2%
total assets
44.2m
0%
cash
657k
+2.04%
net assets
Total assets minus all liabilities
coveberry limited company details
company number
01208511
Type
Private limited with Share Capital
industry
86101 - Hospital activities
incorporation date
April 1975
age
50
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
5th flr metropolitan house, 3 darkes lane, potters bar, hertfordshire, EN6 1AG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
coveberry limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 25 charges/mortgages relating to coveberry limited. Currently there are 13 open charges and 12 have been satisfied in the past.
coveberry limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for COVEBERRY LIMITED. This can take several minutes, an email will notify you when this has completed.
coveberry limited Companies House Filings - See Documents
| date | description | view/download |
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