the cover association limited
the cover association limited Company Information
Company Number
05106307
Website
-Registered Address
units 10 & 11, maple leaf industrial estate, walsall, WS2 8TF
Industry
Other food service activities
Telephone
08000480639
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
-0%
the cover association limited Estimated Valuation
Pomanda estimates the enterprise value of THE COVER ASSOCIATION LIMITED at £1.5m based on a Turnover of £3.5m and 0.42x industry multiple (adjusted for size and gross margin).
the cover association limited Estimated Valuation
Pomanda estimates the enterprise value of THE COVER ASSOCIATION LIMITED at £203 based on an EBITDA of £54 and a 3.75x industry multiple (adjusted for size and gross margin).
the cover association limited Estimated Valuation
Pomanda estimates the enterprise value of THE COVER ASSOCIATION LIMITED at £2.6k based on Net Assets of £6.8k and 0.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Cover Association Limited Overview
The Cover Association Limited is a live company located in walsall, WS2 8TF with a Companies House number of 05106307. It operates in the other food services sector, SIC Code 56290. Founded in April 2004, it's largest shareholder is unknown. The Cover Association Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
The Cover Association Limited Health Check
Pomanda's financial health check has awarded The Cover Association Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £3.5m, make it larger than the average company (£1.2m)
- The Cover Association Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (4.8%)
- The Cover Association Limited
4.8% - Industry AVG
Production
with a gross margin of 15.3%, this company has a higher cost of product (26.4%)
- The Cover Association Limited
26.4% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (3.2%)
- The Cover Association Limited
3.2% - Industry AVG
Employees
with 19 employees, this is above the industry average (14)
- The Cover Association Limited
14 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has an equivalent pay structure (£22.2k)
- The Cover Association Limited
£22.2k - Industry AVG
Efficiency
resulting in sales per employee of £183.2k, this is more efficient (£65.8k)
- The Cover Association Limited
£65.8k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (31 days)
- The Cover Association Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (36 days)
- The Cover Association Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Cover Association Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Cover Association Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.9%, this is a higher level of debt than the average (70.7%)
98.9% - The Cover Association Limited
70.7% - Industry AVG
THE COVER ASSOCIATION LIMITED financials
The Cover Association Limited's latest turnover from February 2023 is estimated at £3.5 million and the company has net assets of £6.8 thousand. According to their latest financial statements, we estimate that The Cover Association Limited has 19 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 34,860 | 26,916 | ||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | |||||||||||||
| Interest Receivable | 0 | |||||||||||||
| Pre-Tax Profit | -1,839 | |||||||||||||
| Tax | 372 | |||||||||||||
| Profit After Tax | -1,467 | |||||||||||||
| Dividends Paid | 0 | |||||||||||||
| Retained Profit | -1,467 | |||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 613,388 | 342,957 | 169,615 | 364,495 | 480,418 | 399,870 | 474,390 | 366,370 | 243,285 | 199,828 | 215,802 | 148,250 | 2,067 | 15,277 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 372 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,667 | 15,375 | 67,704 | 15,695 | 4,006 | 1,991 | 8,723 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 613,388 | 342,957 | 169,615 | 364,495 | 480,418 | 399,870 | 474,390 | 388,037 | 258,660 | 267,532 | 231,497 | 152,256 | 4,058 | 24,372 |
| total assets | 613,388 | 342,957 | 169,615 | 364,495 | 480,418 | 399,870 | 474,390 | 388,037 | 258,660 | 267,532 | 231,497 | 152,256 | 4,058 | 24,372 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 606,547 | 336,160 | 162,833 | 355,843 | 473,695 | 393,770 | 468,374 | 382,694 | 253,893 | 259,229 | 227,075 | 152,934 | 4,952 | 2,935 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,868 |
| total current liabilities | 606,547 | 336,160 | 162,833 | 355,843 | 473,695 | 393,770 | 468,374 | 382,694 | 253,893 | 259,229 | 227,075 | 152,934 | 4,952 | 19,803 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 1,906 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 1,906 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 606,547 | 336,160 | 162,833 | 357,749 | 473,695 | 393,770 | 468,374 | 382,694 | 253,893 | 259,229 | 227,075 | 152,934 | 4,952 | 19,803 |
| net assets | 6,841 | 6,797 | 6,782 | 6,746 | 6,723 | 6,100 | 6,016 | 5,343 | 4,767 | 8,303 | 4,422 | -678 | -894 | 4,569 |
| total shareholders funds | 6,841 | 6,797 | 6,782 | 6,746 | 6,723 | 6,100 | 6,016 | 5,343 | 4,767 | 8,303 | 4,422 | -678 | -894 | 4,569 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 372 | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 270,431 | 173,342 | -194,880 | -115,923 | 80,548 | -74,520 | 108,020 | 123,085 | 43,457 | -15,974 | 67,552 | 146,183 | -13,582 | 15,649 |
| Creditors | 270,387 | 173,327 | -193,010 | -117,852 | 79,925 | -74,604 | 85,680 | 128,801 | -5,336 | 32,154 | 74,141 | 147,982 | 2,017 | 2,935 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16,868 | 16,868 |
| Deferred Taxes & Provisions | 0 | 0 | -1,906 | 1,906 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | |||||||||||||
| cash flow from financing | 6,036 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -21,667 | 6,292 | -52,329 | 52,009 | 11,689 | 2,015 | -6,732 | 8,723 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -21,667 | 6,292 | -52,329 | 52,009 | 11,689 | 2,015 | -6,732 | 8,723 |
the cover association limited Credit Report and Business Information
The Cover Association Limited Competitor Analysis
Perform a competitor analysis for the cover association limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in WS2 area or any other competitors across 12 key performance metrics.
the cover association limited Ownership
THE COVER ASSOCIATION LIMITED group structure
The Cover Association Limited has no subsidiary companies.
Ultimate parent company
THE COVER ASSOCIATION LIMITED
05106307
the cover association limited directors
The Cover Association Limited currently has 18 directors. The longest serving directors include Mr William Balmforth (Oct 2005) and Mr Robert Gore (Oct 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Balmforth | 85 years | Oct 2005 | - | Director | |
| Mr Robert Gore | 73 years | Oct 2005 | - | Director | |
| Mr Peter Graddon | 65 years | Apr 2006 | - | Director | |
| Mr Calvin Payne | 54 years | May 2006 | - | Director | |
| Mr Gary Worgan | England | 58 years | Apr 2010 | - | Director |
| Mr David Newsham | England | 57 years | Apr 2010 | - | Director |
| Mr Mark Braid | England | 48 years | Mar 2012 | - | Director |
| Mr Daniel Turner | England | 50 years | Apr 2014 | - | Director |
| Mrs Julie Hurran | 45 years | Apr 2018 | - | Director | |
| Mr Luke Jedda | 47 years | Jul 2018 | - | Director |
P&L
February 2023turnover
3.5m
+99%
operating profit
54.3
0%
gross margin
15.3%
+41.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
6.8k
+0.01%
total assets
613.4k
+0.79%
cash
0
0%
net assets
Total assets minus all liabilities
the cover association limited company details
company number
05106307
Type
Private Ltd By Guarantee w/o Share Cap
industry
56290 - Other food service activities
incorporation date
April 2004
age
20
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
February 2023
address
units 10 & 11, maple leaf industrial estate, walsall, WS2 8TF
accountant
-
auditor
-
the cover association 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 did not find charges/mortgages relating to the cover association limited.
the cover association limited Companies House Filings - See Documents
| date | description | view/download |
|---|
