cover structure limited
cover structure limited Company Information
Company Number
02762144
Next Accounts
2346 days late
Shareholders
francis quinlan
gavin quinlan
Group Structure
View All
Industry
Roofing activities
Registered Address
2 lakeside calder island way, wakefield, west yorkshire, WF2 7AW
Website
www.coverstructure.comcover structure limited Estimated Valuation
Pomanda estimates the enterprise value of COVER STRUCTURE LIMITED at £11.9m based on a Turnover of £24.3m and 0.49x industry multiple (adjusted for size and gross margin).
cover structure limited Estimated Valuation
Pomanda estimates the enterprise value of COVER STRUCTURE LIMITED at £1.4m based on an EBITDA of £421.1k and a 3.28x industry multiple (adjusted for size and gross margin).
cover structure limited Estimated Valuation
Pomanda estimates the enterprise value of COVER STRUCTURE LIMITED at £3.3m based on Net Assets of £1.5m and 2.24x industry multiple (adjusted for liquidity).
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Cover Structure Limited Overview
Cover Structure Limited is a live company located in west yorkshire, WF2 7AW with a Companies House number of 02762144. It operates in the roofing activities sector, SIC Code 43910. Founded in November 1992, it's largest shareholder is francis quinlan with a 75% stake. Cover Structure Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.3m with high growth in recent years.
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Cover Structure Limited Health Check
Pomanda's financial health check has awarded Cover Structure Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £24.3m, make it larger than the average company (£732k)
£24.3m - Cover Structure Limited
£732k - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (11.4%)
27% - Cover Structure Limited
11.4% - Industry AVG
Production
with a gross margin of 12.4%, this company has a higher cost of product (26.1%)
12.4% - Cover Structure Limited
26.1% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (7.6%)
1.5% - Cover Structure Limited
7.6% - Industry AVG
Employees
with 40 employees, this is above the industry average (27)
40 - Cover Structure Limited
27 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has a higher pay structure (£35k)
£42.1k - Cover Structure Limited
£35k - Industry AVG
Efficiency
resulting in sales per employee of £608.5k, this is more efficient (£233.4k)
£608.5k - Cover Structure Limited
£233.4k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (52 days)
86 days - Cover Structure Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (43 days)
70 days - Cover Structure Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cover Structure Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (22 weeks)
4 weeks - Cover Structure Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.9%, this is a higher level of debt than the average (64.2%)
78.9% - Cover Structure Limited
64.2% - Industry AVG
COVER STRUCTURE LIMITED financials
Cover Structure Limited's latest turnover from December 2016 is £24.3 million and the company has net assets of £1.5 million. According to their latest financial statements, Cover Structure Limited has 40 employees and maintains cash reserves of £429.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 24,341,616 | 20,785,442 | 11,532,349 | 11,786,828 | ||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 21,315,537 | 18,253,656 | 10,194,576 | 10,556,078 | ||||
| Gross Profit | 3,026,079 | 2,531,786 | 1,337,773 | 1,230,750 | ||||
| Admin Expenses | 2,651,262 | 1,950,076 | 1,286,223 | 1,171,137 | ||||
| Operating Profit | 374,817 | 581,710 | 51,550 | 59,613 | ||||
| Interest Payable | 39,208 | 8,998 | 13,273 | 7,152 | ||||
| Interest Receivable | 26,604 | 179 | 76 | 42 | ||||
| Pre-Tax Profit | 362,213 | 568,535 | 38,353 | 52,503 | ||||
| Tax | -73,828 | -94,749 | ||||||
| Profit After Tax | 288,385 | 473,786 | 38,353 | 52,503 | ||||
| Dividends Paid | ||||||||
| Retained Profit | 288,385 | 473,786 | 38,353 | 52,503 | ||||
| Employee Costs | 1,685,111 | 1,240,782 | 987,634 | 936,188 | ||||
| Number Of Employees | 40 | 33 | 24 | |||||
| EBITDA* | 421,117 | 622,808 | 90,277 | 95,719 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 115,934 | 155,858 | 90,192 | 122,465 | 120,068 | 65,951 | 100,321 | 126,449 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | 271,421 | 231,069 | 1,497,204 | |||||
| Total Fixed Assets | 387,355 | 386,927 | 90,192 | 122,465 | 120,068 | 1,563,155 | 100,321 | 126,449 |
| Stock & work in progress | 10,000 | 138,780 | 203,057 | 39,899 | 89,500 | 64,500 | 1,055 | |
| Trade Debtors | 5,762,224 | 4,830,326 | 3,197,123 | 2,664,553 | 1,882,076 | 1,468,628 | 701,472 | |
| Group Debtors | ||||||||
| Misc Debtors | 310,838 | 221,356 | 247,376 | 119,356 | ||||
| Cash | 429,254 | 1,150,423 | 368,206 | 674,050 | 88,546 | 362,899 | 280,913 | 713,134 |
| misc current assets | ||||||||
| total current assets | 6,502,316 | 6,212,105 | 3,951,485 | 3,661,016 | 2,010,521 | 452,399 | 1,814,041 | 1,415,661 |
| total assets | 6,889,671 | 6,599,032 | 4,041,677 | 3,783,481 | 2,130,589 | 2,015,554 | 1,914,362 | 1,542,110 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 4,145,652 | 4,063,185 | 2,645,040 | 2,079,087 | 1,496,796 | 1,433,679 | 1,078,306 | 713,486 |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | 23,862 | 29,624 | 17,990 | 37,668 | ||||
| other current liabilities | 1,255,453 | 1,303,605 | 680,908 | 989,356 | ||||
| total current liabilities | 5,424,967 | 5,396,414 | 3,343,938 | 3,106,111 | 1,496,796 | 1,433,679 | 1,078,306 | 713,486 |
| loans | ||||||||
| hp & lease commitments | 10,556 | 34,418 | 5,762 | 23,746 | ||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 32,672 | 7,673 | ||||||
| provisions | 2,437 | |||||||
| total long term liabilities | 10,556 | 36,855 | 5,762 | 23,746 | 32,672 | 7,673 | ||
| total liabilities | 5,435,523 | 5,433,269 | 3,349,700 | 3,129,857 | 1,529,468 | 1,433,679 | 1,078,306 | 721,159 |
| net assets | 1,454,148 | 1,165,763 | 691,977 | 653,624 | 601,121 | 581,875 | 836,056 | 820,951 |
| total shareholders funds | 1,454,148 | 1,165,763 | 691,977 | 653,624 | 601,121 | 581,875 | 836,056 | 820,951 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 374,817 | 581,710 | 51,550 | 59,613 | ||||
| Depreciation | 46,300 | 41,098 | 38,727 | 36,106 | 33,030 | 23,760 | 40,375 | 41,049 |
| Amortisation | ||||||||
| Tax | -73,828 | -94,749 | ||||||
| Stock | -10,000 | -128,780 | -64,277 | 163,158 | -49,601 | 25,000 | 63,445 | 1,055 |
| Debtors | 1,061,732 | 1,838,252 | 660,590 | 901,833 | 384,872 | 28,576 | 767,156 | 701,472 |
| Creditors | 82,467 | 1,418,145 | 565,953 | 582,291 | 63,117 | 355,373 | 364,820 | 713,486 |
| Accruals and Deferred Income | -48,152 | 622,697 | -308,448 | 989,356 | ||||
| Deferred Taxes & Provisions | -2,437 | 2,437 | ||||||
| Cash flow from operations | -672,565 | 861,866 | -248,531 | 602,375 | ||||
| Investing Activities | ||||||||
| capital expenditure | -6,376 | -111,120 | -6,454 | -38,503 | ||||
| Change in Investments | ||||||||
| cash flow from investments | -6,376 | -111,120 | -6,454 | -38,503 | ||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | -29,624 | 40,290 | -37,662 | 61,414 | ||||
| other long term liabilities | -32,672 | 32,672 | -7,673 | 7,673 | ||||
| share issue | ||||||||
| interest | -12,604 | -8,819 | -13,197 | -7,110 | ||||
| cash flow from financing | -42,228 | 31,471 | -50,859 | 21,632 | ||||
| cash and cash equivalents | ||||||||
| cash | -721,169 | 782,217 | -305,844 | 585,504 | -274,353 | 81,986 | -432,221 | 713,134 |
| overdraft | ||||||||
| change in cash | -721,169 | 782,217 | -305,844 | 585,504 | -274,353 | 81,986 | -432,221 | 713,134 |
cover structure limited Credit Report and Business Information
Cover Structure Limited Competitor Analysis
Perform a competitor analysis for cover structure limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in WF2 area or any other competitors across 12 key performance metrics.
cover structure limited Ownership
COVER STRUCTURE LIMITED group structure
Cover Structure Limited has no subsidiary companies.
Ultimate parent company
COVER STRUCTURE LIMITED
02762144
cover structure limited directors
Cover Structure Limited currently has 2 directors. The longest serving directors include Mr Gavin Quinlan (Nov 2010) and Mr Paul Cox (Oct 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Quinlan | 55 years | Nov 2010 | - | Director | |
| Mr Paul Cox | United Kingdom | 53 years | Oct 2012 | - | Director |
P&L
December 2016turnover
24.3m
+17%
operating profit
374.8k
-36%
gross margin
12.5%
+2.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
1.5m
+0.25%
total assets
6.9m
+0.04%
cash
429.3k
-0.63%
net assets
Total assets minus all liabilities
cover structure limited company details
company number
02762144
Type
Private limited with Share Capital
industry
43910 - Roofing activities
incorporation date
November 1992
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2016
previous names
N/A
accountant
-
auditor
-
address
2 lakeside calder island way, wakefield, west yorkshire, WF2 7AW
Bank
-
Legal Advisor
-
cover structure 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 5 charges/mortgages relating to cover structure limited. Currently there are 2 open charges and 3 have been satisfied in the past.
cover structure 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.
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cover structure limited Companies House Filings - See Documents
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