ais covertherm ltd
ais covertherm ltd Company Information
Company Number
06830762
Next Accounts
Jun 2026
Shareholders
advanced innergy ltd
Group Structure
View All
Industry
Manufacture of non-wovens and articles made from non-wovens, except apparel
Registered Address
unit e, quedgeley west business park, gloucester, gloucestershire, GL2 4PA
Website
www.covertherm.co.ukais covertherm ltd Estimated Valuation
Pomanda estimates the enterprise value of AIS COVERTHERM LTD at £611.4k based on a Turnover of £2.5m and 0.25x industry multiple (adjusted for size and gross margin).
ais covertherm ltd Estimated Valuation
Pomanda estimates the enterprise value of AIS COVERTHERM LTD at £0 based on an EBITDA of £-14.7k and a 3x industry multiple (adjusted for size and gross margin).
ais covertherm ltd Estimated Valuation
Pomanda estimates the enterprise value of AIS COVERTHERM LTD at £1.4m based on Net Assets of £806.1k and 1.69x industry multiple (adjusted for liquidity).
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Ais Covertherm Ltd Overview
Ais Covertherm Ltd is a live company located in gloucester, GL2 4PA with a Companies House number of 06830762. It operates in the manufacture of non-wovens and articles made from non-wovens, except apparel sector, SIC Code 13950. Founded in February 2009, it's largest shareholder is advanced innergy ltd with a 100% stake. Ais Covertherm Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.
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Ais Covertherm Ltd Health Check
Pomanda's financial health check has awarded Ais Covertherm Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£14.2m)
£2.5m - Ais Covertherm Ltd
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.2%)
2% - Ais Covertherm Ltd
3.2% - Industry AVG
Production
with a gross margin of 22.9%, this company has a comparable cost of product (24%)
22.9% - Ais Covertherm Ltd
24% - Industry AVG
Profitability
an operating margin of -5.4% make it less profitable than the average company (3.9%)
-5.4% - Ais Covertherm Ltd
3.9% - Industry AVG
Employees
with 26 employees, this is below the industry average (74)
26 - Ais Covertherm Ltd
74 - Industry AVG
Pay Structure
on an average salary of £50.3k, the company has a higher pay structure (£40k)
£50.3k - Ais Covertherm Ltd
£40k - Industry AVG
Efficiency
resulting in sales per employee of £95.4k, this is less efficient (£190k)
£95.4k - Ais Covertherm Ltd
£190k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (53 days)
99 days - Ais Covertherm Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is close to average (46 days)
47 days - Ais Covertherm Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is less than average (70 days)
55 days - Ais Covertherm Ltd
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (9 weeks)
17 weeks - Ais Covertherm Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.1%, this is a higher level of debt than the average (45.5%)
62.1% - Ais Covertherm Ltd
45.5% - Industry AVG
AIS COVERTHERM LTD financials
Ais Covertherm Ltd's latest turnover from September 2024 is £2.5 million and the company has net assets of £806.1 thousand. According to their latest financial statements, Ais Covertherm Ltd has 26 employees and maintains cash reserves of £445.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,479,503 | 1,843,155 | 1,962,381 | 2,345,129 | 1,580,609 | 2,570,021 | 2,078,891 | 1,936,346 | 2,087,457 | 1,196,940 | 2,242,426 | |||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 1,911,366 | 1,728,382 | 1,569,721 | 1,589,188 | 1,301,996 | 1,800,023 | 1,536,746 | 1,426,562 | 1,623,571 | 797,891 | 1,012,332 | |||||
| Gross Profit | 568,137 | 114,773 | 392,660 | 755,941 | 278,613 | 769,998 | 542,145 | 509,784 | 463,886 | 399,049 | 1,230,094 | |||||
| Admin Expenses | 702,259 | 513,726 | 530,991 | 505,532 | 457,410 | 571,297 | 506,556 | 436,659 | 517,184 | 194,445 | 767,078 | |||||
| Operating Profit | -134,122 | -398,953 | -138,331 | 250,409 | -178,797 | 198,701 | 35,589 | 73,125 | -53,298 | 204,604 | 463,016 | |||||
| Interest Payable | 2,430 | 3,655 | 3,668 | 5,104 | 5,594 | 14 | 1,261 | 786 | ||||||||
| Interest Receivable | 197 | 226 | 277 | 231 | 40 | |||||||||||
| Pre-Tax Profit | -136,552 | -401,755 | -141,999 | 245,710 | -184,087 | 174,953 | 35,815 | 73,402 | -53,081 | 203,383 | 462,230 | |||||
| Tax | 9,064 | 117,369 | 11,512 | -24,603 | 59,965 | 20,040 | 23,426 | 7,041 | 99,861 | -41,485 | 76,485 | |||||
| Profit After Tax | -127,488 | -284,386 | -130,487 | 221,107 | -124,122 | 194,993 | 59,241 | 80,443 | 46,780 | 161,898 | 538,715 | |||||
| Dividends Paid | 30,158 | |||||||||||||||
| Retained Profit | -127,488 | -284,386 | -130,487 | 221,107 | -124,122 | 194,993 | 59,241 | 80,443 | 46,780 | 161,898 | 508,557 | |||||
| Employee Costs | 1,307,021 | 1,025,941 | 828,046 | 810,783 | 725,904 | 883,705 | 718,021 | 631,052 | 808,205 | 334,771 | 549,560 | |||||
| Number Of Employees | 26 | 26 | 28 | 26 | 25 | 30 | 24 | 25 | 34 | 34 | 28 | |||||
| EBITDA* | -14,693 | -280,988 | -32,023 | 354,701 | -77,678 | 259,873 | 98,575 | 135,996 | -37,208 | 211,467 | 470,732 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 198,994 | 318,423 | 399,427 | 483,681 | 566,175 | 412,696 | 473,868 | 536,854 | 554,920 | 13,541 | 23,145 | 27,114 | 30,969 | 45,585 | 7,907 | 7,150 |
| Intangible Assets | ||||||||||||||||
| Investments & Other | ||||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 198,994 | 318,423 | 399,427 | 483,681 | 566,175 | 412,696 | 473,868 | 536,854 | 554,920 | 13,541 | 23,145 | 27,114 | 30,969 | 45,585 | 7,907 | 7,150 |
| Stock & work in progress | 288,431 | 225,886 | 169,915 | 178,625 | 136,892 | 157,047 | 143,659 | 96,254 | 72,219 | 145,722 | 100,421 | 116,003 | 107,965 | 31,049 | 11,896 | 6,240 |
| Trade Debtors | 676,931 | 335,293 | 268,769 | 281,973 | 450,789 | 440,314 | 532,561 | 447,884 | 573,338 | 1,198,324 | 699,944 | 710,261 | 510,730 | 499,855 | 241,688 | 122,326 |
| Group Debtors | 361,950 | 469,795 | 1,051,317 | 1,819,379 | 546,938 | 454,957 | 309,256 | 26,879 | 359,801 | 219,599 | ||||||
| Misc Debtors | 156,646 | 147,549 | 57,517 | 208,831 | 36,969 | 38,381 | 78,124 | 91,247 | 48,411 | 20,422 | 55,183 | |||||
| Cash | 445,285 | 297,056 | 26,582 | 113,547 | 861,383 | 768,591 | 239,564 | 555,626 | 145 | 90,217 | 259,606 | 180,219 | 24,972 | 12,946 | 44,778 | 25,569 |
| misc current assets | ||||||||||||||||
| total current assets | 1,929,243 | 1,475,579 | 1,574,100 | 2,617,308 | 2,072,527 | 1,901,387 | 1,303,164 | 1,217,890 | 1,053,914 | 1,674,284 | 1,115,154 | 1,006,483 | 643,667 | 543,850 | 298,362 | 154,135 |
| total assets | 2,128,237 | 1,794,002 | 1,973,527 | 3,100,989 | 2,638,702 | 2,314,083 | 1,777,032 | 1,754,744 | 1,608,834 | 1,687,825 | 1,138,299 | 1,033,597 | 674,636 | 589,435 | 306,269 | 161,285 |
| Bank overdraft | 7,086 | |||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 246,221 | 316,848 | 224,534 | 464,661 | 255,885 | 214,129 | 281,791 | 493,939 | 314,091 | 551,356 | 342,821 | 677,504 | 461,262 | 407,432 | 211,233 | 123,703 |
| Group/Directors Accounts | 759,252 | 324,140 | 185,293 | 314,274 | 8,326 | 1,423 | ||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | 49,112 | 47,821 | 40,982 | 39,982 | 39,258 | 3,698 | ||||||||||
| other current liabilities | 267,539 | 446,871 | 404,115 | 1,120,980 | 1,049,569 | 848,465 | 114,141 | 76,888 | 52,161 | 254,855 | 131,915 | |||||
| total current liabilities | 1,322,124 | 811,540 | 669,631 | 1,625,623 | 1,344,712 | 1,062,594 | 720,072 | 756,120 | 687,612 | 814,537 | 479,857 | 677,504 | 461,262 | 407,432 | 211,233 | 123,703 |
| loans | 97,722 | 171,818 | 253,784 | 333,246 | ||||||||||||
| hp & lease commitments | 48,861 | 85,909 | 126,892 | 166,623 | 3,391 | |||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 7,089 | 10,788 | 23,879 | |||||||||||||
| provisions | 464 | 1,369 | 4,410 | 3,256 | 4,628 | 5,422 | 6,193 | 8,163 | 390 | 463 | ||||||
| total long term liabilities | 48,861 | 85,909 | 126,892 | 166,623 | 464 | 1,369 | 4,410 | 3,256 | 8,019 | 12,511 | 16,981 | 32,042 | 390 | 463 | ||
| total liabilities | 1,322,124 | 860,401 | 755,540 | 1,752,515 | 1,511,335 | 1,062,594 | 720,536 | 757,489 | 692,022 | 817,793 | 487,876 | 690,015 | 478,243 | 439,474 | 211,623 | 124,166 |
| net assets | 806,113 | 933,601 | 1,217,987 | 1,348,474 | 1,127,367 | 1,251,489 | 1,056,496 | 997,255 | 916,812 | 870,032 | 650,423 | 343,582 | 196,393 | 149,961 | 94,646 | 37,119 |
| total shareholders funds | 806,113 | 933,601 | 1,217,987 | 1,348,474 | 1,127,367 | 1,251,489 | 1,056,496 | 997,255 | 916,812 | 870,032 | 650,423 | 343,582 | 196,393 | 149,961 | 94,646 | 37,119 |
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | -134,122 | -398,953 | -138,331 | 250,409 | -178,797 | 198,701 | 35,589 | 73,125 | -53,298 | 204,604 | 463,016 | |||||
| Depreciation | 119,429 | 117,965 | 106,308 | 104,292 | 101,119 | 61,172 | 62,986 | 62,871 | 16,090 | 6,863 | 7,716 | 9,037 | 10,323 | 15,194 | 2,635 | 2,383 |
| Amortisation | ||||||||||||||||
| Tax | 9,064 | 117,369 | 11,512 | -24,603 | 59,965 | 20,040 | 23,426 | 7,041 | 99,861 | -41,485 | 76,485 | |||||
| Stock | 62,545 | 55,971 | -8,710 | 41,733 | -20,155 | 13,388 | 47,405 | 24,035 | -73,503 | 29,719 | -15,582 | 8,038 | 76,916 | 19,153 | 5,656 | 6,240 |
| Debtors | 242,890 | -424,966 | -932,580 | 1,275,487 | 101,044 | 13,711 | 353,931 | -415,540 | -456,795 | 728,084 | 44,866 | 199,531 | 10,875 | 258,167 | 119,362 | 122,326 |
| Creditors | -70,627 | 92,314 | -240,127 | 208,776 | 41,756 | -67,662 | -212,148 | 179,848 | -237,265 | -126,148 | -334,683 | 216,242 | 53,830 | 196,199 | 87,530 | 123,703 |
| Accruals and Deferred Income | -179,332 | 42,756 | -716,865 | 71,411 | 201,104 | 734,324 | 37,253 | 24,727 | -202,694 | 254,855 | 131,915 | |||||
| Deferred Taxes & Provisions | -464 | -905 | -3,041 | 1,154 | -2,166 | -794 | -771 | -1,970 | 7,773 | -73 | 463 | |||||
| Cash flow from operations | -561,023 | 340,446 | -36,213 | -706,935 | 144,258 | 919,012 | -455,135 | 736,076 | 154,146 | -461,280 | 314,371 | |||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | ||||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | 759,252 | -324,140 | 138,847 | -128,981 | 305,948 | 8,326 | 1,423 | |||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | -97,722 | -74,096 | -81,966 | -79,462 | 333,246 | |||||||||||
| Hire Purchase and Lease Commitments | -47,570 | -30,209 | -39,983 | -39,007 | 205,881 | 7,089 | ||||||||||
| other long term liabilities | -7,089 | -7,089 | -3,699 | -13,091 | 23,879 | |||||||||||
| share issue | ||||||||||||||||
| interest | -2,430 | -3,655 | -3,668 | -5,104 | -5,594 | 197 | 226 | 277 | 217 | -1,221 | -786 | |||||
| cash flow from financing | 611,530 | -107,960 | -125,617 | -123,573 | 533,533 | -323,943 | 139,073 | -128,704 | 306,165 | 364,568 | -201,079 | |||||
| cash and cash equivalents | ||||||||||||||||
| cash | 148,229 | 270,474 | -86,965 | -747,836 | 92,792 | 529,027 | -316,062 | 555,481 | -90,072 | -90,002 | 79,387 | 155,247 | 12,026 | -31,832 | 19,209 | 25,569 |
| overdraft | -7,086 | 7,086 | ||||||||||||||
| change in cash | 148,229 | 270,474 | -86,965 | -747,836 | 92,792 | 529,027 | -316,062 | 562,567 | -97,158 | -90,002 | 79,387 | 155,247 | 12,026 | -31,832 | 19,209 | 25,569 |
ais covertherm ltd Credit Report and Business Information
Ais Covertherm Ltd Competitor Analysis
Perform a competitor analysis for ais covertherm ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in GL2 area or any other competitors across 12 key performance metrics.
ais covertherm ltd Ownership
AIS COVERTHERM LTD group structure
Ais Covertherm Ltd has no subsidiary companies.
Ultimate parent company
2 parents
AIS COVERTHERM LTD
06830762
ais covertherm ltd directors
Ais Covertherm Ltd currently has 2 directors. The longest serving directors include Mr Andrew Bennion (May 2015) and Mr Andrew King (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Bennion | 57 years | May 2015 | - | Director | |
| Mr Andrew King | 60 years | Apr 2017 | - | Director |
P&L
September 2024turnover
2.5m
+35%
operating profit
-134.1k
-66%
gross margin
23%
+267.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2024net assets
806.1k
-0.14%
total assets
2.1m
+0.19%
cash
445.3k
+0.5%
net assets
Total assets minus all liabilities
ais covertherm ltd company details
company number
06830762
Type
Private limited with Share Capital
industry
13950 - Manufacture of non-wovens and articles made from non-wovens, except apparel
incorporation date
February 2009
age
16
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2024
previous names
covertherm limited (July 2021)
coverfirm limited (March 2009)
accountant
-
auditor
RSM UK AUDIT LLP
address
unit e, quedgeley west business park, gloucester, gloucestershire, GL2 4PA
Bank
SANTANDER UK PLC
Legal Advisor
-
ais covertherm ltd 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 2 charges/mortgages relating to ais covertherm ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
ais covertherm ltd 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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ais covertherm ltd Companies House Filings - See Documents
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