covarius technology limited
covarius technology limited Company Information
Company Number
08768938
Website
-Registered Address
71-75 shelton street, london, greater london, WC2H 9JQ
Industry
Management consultancy activities (other than financial management)
Telephone
02036421125
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
covarius group limited 100%
covarius technology limited Estimated Valuation
Pomanda estimates the enterprise value of COVARIUS TECHNOLOGY LIMITED at £1.2m based on a Turnover of £2m and 0.63x industry multiple (adjusted for size and gross margin).
covarius technology limited Estimated Valuation
Pomanda estimates the enterprise value of COVARIUS TECHNOLOGY LIMITED at £2.9m based on an EBITDA of £673.5k and a 4.35x industry multiple (adjusted for size and gross margin).
covarius technology limited Estimated Valuation
Pomanda estimates the enterprise value of COVARIUS TECHNOLOGY LIMITED at £2.6m based on Net Assets of £1.1m and 2.42x industry multiple (adjusted for liquidity).
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Covarius Technology Limited Overview
Covarius Technology Limited is a live company located in greater london, WC2H 9JQ with a Companies House number of 08768938. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in November 2013, it's largest shareholder is covarius group limited with a 100% stake. Covarius Technology Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.
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Covarius Technology Limited Health Check
Pomanda's financial health check has awarded Covarius Technology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
6 Regular
1 Weak
Size
annual sales of £2m, make it larger than the average company (£597.6k)
- Covarius Technology Limited
£597.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.4%)
- Covarius Technology Limited
4.4% - Industry AVG
Production
with a gross margin of 52.7%, this company has a comparable cost of product (52.7%)
- Covarius Technology Limited
52.7% - Industry AVG
Profitability
an operating margin of 34.4% make it more profitable than the average company (8.2%)
- Covarius Technology Limited
8.2% - Industry AVG
Employees
with 18 employees, this is above the industry average (5)
18 - Covarius Technology Limited
5 - Industry AVG
Pay Structure
on an average salary of £47.6k, the company has an equivalent pay structure (£47.6k)
- Covarius Technology Limited
£47.6k - Industry AVG
Efficiency
resulting in sales per employee of £108.4k, this is equally as efficient (£119.6k)
- Covarius Technology Limited
£119.6k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is near the average (73 days)
- Covarius Technology Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (28 days)
- Covarius Technology Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Covarius Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (22 weeks)
18 weeks - Covarius Technology Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.1%, this is a similar level of debt than the average (57.2%)
52.1% - Covarius Technology Limited
57.2% - Industry AVG
covarius technology limited Credit Report and Business Information
Covarius Technology Limited Competitor Analysis
Perform a competitor analysis for covarius technology limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
covarius technology limited Ownership
COVARIUS TECHNOLOGY LIMITED group structure
Covarius Technology Limited has no subsidiary companies.
Ultimate parent company
COVARIUS TECHNOLOGY LIMITED
08768938
covarius technology limited directors
Covarius Technology Limited currently has 3 directors. The longest serving directors include Mr Andrew Marshall (Nov 2013) and Mr James Bateman (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Marshall | United Kingdom | 52 years | Nov 2013 | - | Director |
| Mr James Bateman | United Kingdom | 46 years | Feb 2018 | - | Director |
| Mr Gareth List | United Kingdom | 39 years | Feb 2018 | - | Director |
COVARIUS TECHNOLOGY LIMITED financials
Covarius Technology Limited's latest turnover from December 2022 is estimated at £2 million and the company has net assets of £1.1 million. According to their latest financial statements, Covarius Technology Limited has 18 employees and maintains cash reserves of £348.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 18 | 17 | 14 | 11 | 10 | 7 | 7 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,699 | 6,396 | 6,971 | 5,767 | 7,690 | 6,420 | 6,556 | 7,608 | 5,141 | 2,025 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,749 | 6,446 | 7,021 | 5,817 | 7,740 | 6,470 | 6,606 | 7,658 | 5,141 | 2,025 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 468,057 | 403,906 | 263,192 | 826,513 | 749,853 | 214,370 | 193,495 | 190,371 | 160,057 | 605 |
| Group Debtors | 1,391,607 | 802,780 | 553,327 | 0 | 0 | 31,875 | 31,041 | 0 | 0 | 0 |
| Misc Debtors | 6,216 | 823 | 32,248 | 0 | 0 | 5,226 | 5,226 | 38,306 | 0 | 0 |
| Cash | 348,868 | 236,624 | 249,325 | 30,227 | 3,061 | 141,981 | 136,056 | 79,854 | 76,804 | 3,592 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,214,748 | 1,444,133 | 1,098,092 | 856,740 | 752,914 | 393,452 | 365,818 | 308,531 | 236,861 | 4,197 |
| total assets | 2,219,497 | 1,450,579 | 1,105,113 | 862,557 | 760,654 | 399,922 | 372,424 | 316,189 | 242,002 | 6,222 |
| Bank overdraft | 76,454 | 48,977 | 250,685 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 100,635 | 149,227 | 32,979 | 521,625 | 338,824 | 19,529 | 28,689 | 137,315 | 154,115 | 3,706 |
| Group/Directors Accounts | 589,657 | 124,019 | 166,212 | 0 | 0 | 15,802 | 15,802 | 2,204 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 197,202 | 307,028 | 229,120 | 0 | 0 | 200,250 | 195,469 | 50,894 | 0 | 0 |
| total current liabilities | 963,948 | 629,251 | 678,996 | 521,625 | 338,824 | 235,581 | 239,960 | 190,413 | 154,115 | 3,706 |
| loans | 190,588 | 285,114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 893 | 1,323 | 1,323 | 1,096 | 1,155 | 1,155 | 1,180 | 1,522 | 1,129 | 405 |
| total long term liabilities | 191,481 | 286,437 | 1,323 | 1,096 | 1,155 | 1,155 | 1,180 | 1,522 | 1,129 | 405 |
| total liabilities | 1,155,429 | 915,688 | 680,319 | 522,721 | 339,979 | 236,736 | 241,140 | 191,935 | 155,244 | 4,111 |
| net assets | 1,064,068 | 534,891 | 424,794 | 339,836 | 420,675 | 163,186 | 131,284 | 124,254 | 86,758 | 2,111 |
| total shareholders funds | 1,064,068 | 534,891 | 424,794 | 339,836 | 420,675 | 163,186 | 131,284 | 124,254 | 86,758 | 2,111 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 1,697 | 2,133 | 1,683 | 1,923 | 2,564 | 136 | 2,185 | 2,535 | 1,713 | 316 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 658,371 | 358,742 | 22,254 | 76,660 | 498,382 | 22,794 | 1,085 | 68,620 | 159,452 | 605 |
| Creditors | -48,592 | 116,248 | -488,646 | 182,801 | 319,295 | -117,786 | -108,626 | -16,800 | 150,409 | 3,706 |
| Accruals and Deferred Income | -109,826 | 77,908 | 229,120 | 0 | -200,250 | 149,356 | 144,575 | 50,894 | 0 | 0 |
| Deferred Taxes & Provisions | -430 | 0 | 227 | -59 | 0 | -367 | -342 | 393 | 724 | 405 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 465,638 | -42,193 | 166,212 | 0 | -15,802 | 13,598 | 13,598 | 2,204 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -94,526 | 285,114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 112,244 | -12,701 | 219,098 | 27,166 | -138,920 | 62,127 | 56,202 | 3,050 | 73,212 | 3,592 |
| overdraft | 27,477 | -201,708 | 250,685 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 84,767 | 189,007 | -31,587 | 27,166 | -138,920 | 62,127 | 56,202 | 3,050 | 73,212 | 3,592 |
P&L
December 2022turnover
2m
+10%
operating profit
671.8k
0%
gross margin
52.7%
+2.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
+0.99%
total assets
2.2m
+0.53%
cash
348.9k
+0.47%
net assets
Total assets minus all liabilities
covarius technology limited company details
company number
08768938
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
November 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
slg treasury limited (September 2016)
incorporated
UK
address
71-75 shelton street, london, greater london, WC2H 9JQ
last accounts submitted
December 2022
covarius technology 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 2 charges/mortgages relating to covarius technology limited. Currently there are 2 open charges and 0 have been satisfied in the past.
covarius technology limited Companies House Filings - See Documents
| date | description | view/download |
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