covec limited Company Information
Company Number
07804110
Next Accounts
Sep 2025
Shareholders
keith bloxsome
brian richard norton
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
unit 3 flanders industrial park, flanders road, southampton, hampshire, SO30 2FZ
Website
http://bull-it.comcovec limited Estimated Valuation
Pomanda estimates the enterprise value of COVEC LIMITED at £1.8m based on a Turnover of £3.2m and 0.58x industry multiple (adjusted for size and gross margin).
covec limited Estimated Valuation
Pomanda estimates the enterprise value of COVEC LIMITED at £1m based on an EBITDA of £240.3k and a 4.27x industry multiple (adjusted for size and gross margin).
covec limited Estimated Valuation
Pomanda estimates the enterprise value of COVEC LIMITED at £1.4m based on Net Assets of £675.2k and 2.13x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Covec Limited Overview
Covec Limited is a live company located in southampton, SO30 2FZ with a Companies House number of 07804110. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2011, it's largest shareholder is keith bloxsome with a 45.8% stake. Covec Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Covec Limited Health Check
Pomanda's financial health check has awarded Covec Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs


5 Strong

2 Regular

5 Weak

Size
annual sales of £3.2m, make it smaller than the average company (£4.8m)
- Covec Limited
£4.8m - Industry AVG

Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.7%)
- Covec Limited
6.7% - Industry AVG

Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Covec Limited
38.2% - Industry AVG

Profitability
an operating margin of 6.8% make it more profitable than the average company (5.7%)
- Covec Limited
5.7% - Industry AVG

Employees
with 7 employees, this is below the industry average (27)
7 - Covec Limited
27 - Industry AVG

Pay Structure
on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)
- Covec Limited
£53.9k - Industry AVG

Efficiency
resulting in sales per employee of £452.7k, this is more efficient (£171.2k)
- Covec Limited
£171.2k - Industry AVG

Debtor Days
it gets paid by customers after 64 days, this is later than average (42 days)
- Covec Limited
42 days - Industry AVG

Creditor Days
its suppliers are paid after 64 days, this is slower than average (32 days)
- Covec Limited
32 days - Industry AVG

Stock Days
it holds stock equivalent to 134 days, this is more than average (33 days)
- Covec Limited
33 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (22 weeks)
3 weeks - Covec Limited
22 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 54.4%, this is a lower level of debt than the average (62.6%)
54.4% - Covec Limited
62.6% - Industry AVG
COVEC LIMITED financials

Covec Limited's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of £675.2 thousand. According to their latest financial statements, Covec Limited has 7 employees and maintains cash reserves of £40 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 7 | 7 | 7 | 4 | 4 | 6 | 6 | 7 | ||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 69,586 | 75,544 | 64,311 | 28,287 | 15,454 | 15,420 | 17,225 | 17,915 | 20,463 | 21,267 | 9,880 | |
Intangible Assets | 20,189 | 24,608 | 37,220 | 39,536 | 48,822 | 51,769 | 54,196 | 58,151 | 66,905 | 63,806 | 55,750 | 27,000 |
Investments & Other | ||||||||||||
Debtors (Due After 1 year) | ||||||||||||
Total Fixed Assets | 89,775 | 100,152 | 101,531 | 67,823 | 64,276 | 67,189 | 71,421 | 76,066 | 87,368 | 85,073 | 65,630 | 27,000 |
Stock & work in progress | 721,885 | 749,881 | 923,102 | 1,168,235 | 1,067,456 | 649,278 | 651,643 | 479,370 | 349,739 | 318,176 | 163,991 | 22,582 |
Trade Debtors | 561,230 | 67,433 | 502,673 | 349,041 | 566,886 | 984,383 | 693,902 | 193,570 | 244,494 | 68,786 | 100,284 | 30,799 |
Group Debtors | ||||||||||||
Misc Debtors | 67,495 | 89,218 | 35,701 | 48,146 | 7,141 | 23,289 | 4,288 | 36,142 | 22,679 | |||
Cash | 40,039 | 161,353 | 74,464 | 117,285 | 6,653 | 4,781 | 7,544 | 30,805 | 6,000 | 43,188 | 49,857 | 161,426 |
misc current assets | ||||||||||||
total current assets | 1,390,649 | 1,067,885 | 1,535,940 | 1,682,707 | 1,648,136 | 1,661,731 | 1,357,377 | 739,887 | 622,912 | 430,150 | 314,132 | 214,807 |
total assets | 1,480,424 | 1,168,037 | 1,637,471 | 1,750,530 | 1,712,412 | 1,728,920 | 1,428,798 | 815,953 | 710,280 | 515,223 | 379,762 | 241,807 |
Bank overdraft | 143,453 | 78,168 | 180,255 | 6,826 | 146,308 | 123,023 | 397,443 | 14,170 | 9,155 | |||
Bank loan | ||||||||||||
Trade Creditors | 348,094 | 130,860 | 293,819 | 245,011 | 255,388 | 664,804 | 211,097 | 139,308 | 60,554 | 113,436 | 200,508 | 23,406 |
Group/Directors Accounts | ||||||||||||
other short term finances | ||||||||||||
hp & lease commitments | ||||||||||||
other current liabilities | 191,737 | 220,953 | 198,694 | 182,103 | 203,017 | 171,062 | 116,558 | 110,694 | 101,180 | |||
total current liabilities | 683,284 | 429,981 | 672,768 | 433,940 | 604,713 | 958,889 | 725,098 | 264,172 | 170,889 | 113,436 | 200,508 | 23,406 |
loans | ||||||||||||
hp & lease commitments | ||||||||||||
Accruals and Deferred Income | ||||||||||||
other liabilities | 121,950 | 219,603 | 332,629 | 393,918 | 332,630 | 90,588 | 119,530 | 143,535 | 50,960 | 54,243 | ||
provisions | 3,915 | |||||||||||
total long term liabilities | 121,950 | 219,603 | 336,544 | 393,918 | 332,630 | 90,588 | 119,530 | 143,535 | 50,960 | 54,243 | ||
total liabilities | 805,234 | 649,584 | 1,009,312 | 827,858 | 937,343 | 1,049,477 | 844,628 | 407,707 | 221,849 | 167,679 | 200,508 | 23,406 |
net assets | 675,190 | 518,453 | 628,159 | 922,672 | 775,069 | 679,443 | 584,170 | 408,246 | 488,431 | 347,544 | 179,254 | 218,401 |
total shareholders funds | 675,190 | 518,453 | 628,159 | 922,672 | 775,069 | 679,443 | 584,170 | 408,246 | 488,431 | 347,544 | 179,254 | 218,401 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | ||||||||||||
Depreciation | 18,950 | 17,801 | 14,263 | 4,484 | 3,242 | 3,880 | 4,298 | 5,354 | 4,886 | 3,470 | 429 | |
Amortisation | 5,219 | 7,321 | 11,516 | 12,024 | 13,061 | 14,221 | 14,356 | 14,106 | 14,459 | 11,298 | 6,528 | 3,000 |
Tax | ||||||||||||
Stock | -27,996 | -173,221 | -245,133 | 100,779 | 418,178 | -2,365 | 172,273 | 129,631 | 31,563 | 154,185 | 141,409 | 22,582 |
Debtors | 472,074 | -381,723 | 141,187 | -176,840 | -433,645 | 309,482 | 468,478 | -37,461 | 198,387 | -31,498 | 69,485 | 30,799 |
Creditors | 217,234 | -162,959 | 48,808 | -10,377 | -409,416 | 453,707 | 71,789 | 78,754 | -52,882 | -87,072 | 177,102 | 23,406 |
Accruals and Deferred Income | -29,216 | 22,259 | 16,591 | -20,914 | 31,955 | 54,504 | 5,864 | 9,514 | 101,180 | |||
Deferred Taxes & Provisions | -3,915 | 3,915 | ||||||||||
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 | -97,653 | -113,026 | -61,289 | 61,288 | 242,042 | -28,942 | -24,005 | 92,575 | -3,283 | 54,243 | ||
share issue | ||||||||||||
interest | ||||||||||||
cash flow from financing | ||||||||||||
cash and cash equivalents | ||||||||||||
cash | -121,314 | 86,889 | -42,821 | 110,632 | 1,872 | -2,763 | -23,261 | 24,805 | -37,188 | -6,669 | -111,569 | 161,426 |
overdraft | 65,285 | -102,087 | 173,429 | -139,482 | 23,285 | -274,420 | 383,273 | 5,015 | 9,155 | |||
change in cash | -186,599 | 188,976 | -216,250 | 250,114 | -21,413 | 271,657 | -406,534 | 19,790 | -46,343 | -6,669 | -111,569 | 161,426 |
covec limited Credit Report and Business Information
Covec Limited Competitor Analysis

Perform a competitor analysis for covec limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in SO30 area or any other competitors across 12 key performance metrics.
covec limited Ownership
COVEC LIMITED group structure
Covec Limited has no subsidiary companies.
Ultimate parent company
COVEC LIMITED
07804110
covec limited directors
Covec Limited currently has 3 directors. The longest serving directors include Mr Brian Norton (Oct 2011) and Mr Keith Bloxsome (Oct 2011).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Brian Norton | England | 59 years | Oct 2011 | - | Director |
Mr Keith Bloxsome | England | 64 years | Oct 2011 | - | Director |
Mr Paul Munn | England | 62 years | Jun 2012 | - | Director |
P&L
December 2023turnover
3.2m
+181%
operating profit
216.2k
0%
gross margin
38.2%
-0.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
675.2k
+0.3%
total assets
1.5m
+0.27%
cash
40k
-0.75%
net assets
Total assets minus all liabilities
covec limited company details
company number
07804110
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
ROCHES CHARTERED ACCOUNTANTS
auditor
-
address
unit 3 flanders industrial park, flanders road, southampton, hampshire, SO30 2FZ
Bank
-
Legal Advisor
-
covec 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 6 charges/mortgages relating to covec limited. Currently there are 1 open charges and 5 have been satisfied in the past.
covec 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 COVEC LIMITED. This can take several minutes, an email will notify you when this has completed.
covec limited Companies House Filings - See Documents
date | description | view/download |
---|