covermarque limited
covermarque limited Company Information
Company Number
04806646
Next Accounts
Dec 2025
Shareholders
mr nicholas richard russell drew
Group Structure
View All
Industry
Non-life insurance
Registered Address
the boundary coxford down, winchester, hampshire, SO21 3BD
Website
www.covermarque.comcovermarque limited Estimated Valuation
Pomanda estimates the enterprise value of COVERMARQUE LIMITED at £901.9k based on a Turnover of £1.5m and 0.59x industry multiple (adjusted for size and gross margin).
covermarque limited Estimated Valuation
Pomanda estimates the enterprise value of COVERMARQUE LIMITED at £1.8m based on an EBITDA of £279.3k and a 6.54x industry multiple (adjusted for size and gross margin).
covermarque limited Estimated Valuation
Pomanda estimates the enterprise value of COVERMARQUE LIMITED at £1.8m based on Net Assets of £1.1m and 1.64x industry multiple (adjusted for liquidity).
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Covermarque Limited Overview
Covermarque Limited is a live company located in hampshire, SO21 3BD with a Companies House number of 04806646. It operates in the non-life insurance sector, SIC Code 65120. Founded in June 2003, it's largest shareholder is mr nicholas richard russell drew with a 100% stake. Covermarque Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.
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Covermarque Limited Health Check
Pomanda's financial health check has awarded Covermarque Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
2 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£2.2m)
- Covermarque Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (10.2%)
- Covermarque Limited
10.2% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Covermarque Limited
100% - Industry AVG
Profitability
an operating margin of 17.6% make it as profitable than the average company (19.2%)
- Covermarque Limited
19.2% - Industry AVG
Employees
with 8 employees, this is below the industry average (25)
8 - Covermarque Limited
25 - Industry AVG
Pay Structure
on an average salary of £60.7k, the company has an equivalent pay structure (£60.7k)
- Covermarque Limited
£60.7k - Industry AVG
Efficiency
resulting in sales per employee of £189.9k, this is more efficient (£144.3k)
- Covermarque Limited
£144.3k - Industry AVG
Debtor Days
it gets paid by customers after 216 days, this is near the average (199 days)
- Covermarque Limited
199 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Covermarque Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Covermarque Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (19 weeks)
61 weeks - Covermarque Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28%, this is a lower level of debt than the average (77.3%)
28% - Covermarque Limited
77.3% - Industry AVG
COVERMARQUE LIMITED financials
Covermarque Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Covermarque Limited has 8 employees and maintains cash reserves of £486.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 8 | 8 | 7 | 8 | 9 | 8 | 7 | 8 | 8 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,072 | 752 | 12,983 | 25,289 | 38,282 | 3,982 | 6,216 | 8,329 | 19,340 | 48,443 | 27,139 | 18,572 | 3,013 | 2,559 | 2,427 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 34,072 | 752 | 12,983 | 25,289 | 38,282 | 3,982 | 6,216 | 8,329 | 19,340 | 48,443 | 27,139 | 18,572 | 3,013 | 2,559 | 2,427 |
| Stock & work in progress | 92,378 | 128,378 | 121,628 | 50,000 | |||||||||||
| Trade Debtors | 903,014 | 634,490 | 606,216 | 573,310 | 484,361 | 412,232 | 396,132 | 386,589 | 344,012 | 178,638 | 73,882 | 38,804 | 66,949 | 50,079 | 83,926 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 3,697 | 9,361 | 10,582 | 2,097 | 2,197 | 1,228 | 812 | ||||||||
| Cash | 486,490 | 552,840 | 302,478 | 365,110 | 297,467 | 401,742 | 392,816 | 264,736 | 221,096 | 151,279 | 177,500 | 285,863 | 107,084 | 150,896 | 104,755 |
| misc current assets | 2,492 | 2,330 | 3,081 | ||||||||||||
| total current assets | 1,485,579 | 1,325,069 | 1,040,904 | 990,517 | 784,025 | 815,202 | 792,252 | 653,655 | 568,189 | 329,917 | 251,382 | 324,667 | 174,033 | 200,975 | 188,681 |
| total assets | 1,519,651 | 1,325,821 | 1,053,887 | 1,015,806 | 822,307 | 819,184 | 798,468 | 661,984 | 587,529 | 378,360 | 278,521 | 343,239 | 177,046 | 203,534 | 191,108 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 408,578 | 442,484 | 406,707 | 308,292 | 252,030 | 343,696 | 384,870 | 283,861 | 310,231 | 141,576 | 94,279 | 193,822 | 55,093 | 43,693 | 36,012 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 408,578 | 442,484 | 406,707 | 308,292 | 252,030 | 343,696 | 384,870 | 283,861 | 310,231 | 141,576 | 94,279 | 193,822 | 55,093 | 43,693 | 36,012 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 17,232 | 10,645 | 3,650 | 3,530 | 6,310 | 8,050 | 6,463 | 3,750 | 2,995 | ||||||
| other liabilities | 185,606 | ||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 17,232 | 10,645 | 3,650 | 189,136 | 6,310 | 8,050 | 6,463 | 3,750 | 2,995 | ||||||
| total liabilities | 425,810 | 453,129 | 410,357 | 497,428 | 258,340 | 351,746 | 391,333 | 287,611 | 313,226 | 141,576 | 94,279 | 193,822 | 55,093 | 43,693 | 36,012 |
| net assets | 1,093,841 | 872,692 | 643,530 | 518,378 | 563,967 | 467,438 | 407,135 | 374,373 | 274,303 | 236,784 | 184,242 | 149,417 | 121,953 | 159,841 | 155,096 |
| total shareholders funds | 1,093,841 | 872,692 | 643,530 | 518,378 | 563,967 | 467,438 | 407,135 | 374,373 | 274,303 | 236,784 | 184,242 | 149,417 | 121,953 | 159,841 | 155,096 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 11,738 | 3,490 | 12,904 | 14,028 | 13,768 | 4,150 | 7,204 | 11,012 | 16,721 | 22,128 | 11,753 | 7,278 | 1,470 | 1,797 | 2,124 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -36,000 | 6,750 | 71,628 | 50,000 | |||||||||||
| Debtors | 262,860 | 27,053 | 41,391 | 88,849 | 73,098 | 16,516 | 10,355 | 42,577 | 165,374 | 104,756 | 35,078 | -28,145 | 16,870 | -33,847 | 83,926 |
| Creditors | -33,906 | 35,777 | 98,415 | 56,262 | -91,666 | -41,174 | 101,009 | -26,370 | 168,655 | 47,297 | -99,543 | 138,729 | 11,400 | 7,681 | 36,012 |
| Accruals and Deferred Income | 6,587 | 6,995 | 120 | -2,780 | -1,740 | 1,587 | 2,713 | 755 | 2,995 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -185,606 | 185,606 | |||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -66,350 | 250,362 | -62,632 | 67,643 | -104,275 | 8,926 | 128,080 | 43,640 | 69,817 | -26,221 | -108,363 | 178,779 | -43,812 | 46,141 | 104,755 |
| overdraft | |||||||||||||||
| change in cash | -66,350 | 250,362 | -62,632 | 67,643 | -104,275 | 8,926 | 128,080 | 43,640 | 69,817 | -26,221 | -108,363 | 178,779 | -43,812 | 46,141 | 104,755 |
covermarque limited Credit Report and Business Information
Covermarque Limited Competitor Analysis
Perform a competitor analysis for covermarque limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SO21 area or any other competitors across 12 key performance metrics.
covermarque limited Ownership
COVERMARQUE LIMITED group structure
Covermarque Limited has no subsidiary companies.
Ultimate parent company
COVERMARQUE LIMITED
04806646
covermarque limited directors
Covermarque Limited currently has 4 directors. The longest serving directors include Mr Nicholas Drew (Jun 2003) and Mr Timothy Money (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Drew | United Kingdom | 52 years | Jun 2003 | - | Director |
| Mr Timothy Money | England | 58 years | Jan 2025 | - | Director |
| Mr Philip Williams | England | 41 years | Feb 2025 | - | Director |
| Mr Michael Edgeley | England | 58 years | Feb 2025 | - | Director |
P&L
March 2024turnover
1.5m
+25%
operating profit
267.6k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.1m
+0.25%
total assets
1.5m
+0.15%
cash
486.5k
-0.12%
net assets
Total assets minus all liabilities
covermarque limited company details
company number
04806646
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
June 2003
age
22
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
DAVID A BUDGEON
auditor
-
address
the boundary coxford down, winchester, hampshire, SO21 3BD
Bank
-
Legal Advisor
-
covermarque 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 1 charges/mortgages relating to covermarque limited. Currently there are 0 open charges and 1 have been satisfied in the past.
covermarque 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 COVERMARQUE LIMITED. This can take several minutes, an email will notify you when this has completed.
covermarque limited Companies House Filings - See Documents
| date | description | view/download |
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