covert security limited
covert security limited Company Information
Company Number
09231920
Website
www.covertsecurityltd.comRegistered Address
suite 9, cmn associates ltd, liberty work, wembley, HA0 1TX
Industry
Other business support service activities n.e.c.
Telephone
02030360029
Next Accounts Due
February 2025
Group Structure
View All
Directors
Shahameh Dizaei4 Years
Shareholders
shahameh dizaei 100%
covert security limited Estimated Valuation
Pomanda estimates the enterprise value of COVERT SECURITY LIMITED at £71.2k based on a Turnover of £174.6k and 0.41x industry multiple (adjusted for size and gross margin).
covert security limited Estimated Valuation
Pomanda estimates the enterprise value of COVERT SECURITY LIMITED at £0 based on an EBITDA of £-283.2k and a 3.12x industry multiple (adjusted for size and gross margin).
covert security limited Estimated Valuation
Pomanda estimates the enterprise value of COVERT SECURITY LIMITED at £163k based on Net Assets of £63.6k and 2.57x industry multiple (adjusted for liquidity).
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Covert Security Limited Overview
Covert Security Limited is a live company located in wembley, HA0 1TX with a Companies House number of 09231920. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2014, it's largest shareholder is shahameh dizaei with a 100% stake. Covert Security Limited is a established, micro sized company, Pomanda has estimated its turnover at £174.6k with declining growth in recent years.
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Covert Security Limited Health Check
Pomanda's financial health check has awarded Covert Security Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
6 Weak
Size
annual sales of £174.6k, make it smaller than the average company (£3.6m)
- Covert Security Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (4.5%)
- Covert Security Limited
4.5% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (38.1%)
- Covert Security Limited
38.1% - Industry AVG
Profitability
an operating margin of -162.1% make it less profitable than the average company (6.3%)
- Covert Security Limited
6.3% - Industry AVG
Employees
with 5 employees, this is below the industry average (23)
5 - Covert Security Limited
23 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- Covert Security Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £34.9k, this is less efficient (£151.3k)
- Covert Security Limited
£151.3k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (41 days)
- Covert Security Limited
41 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Covert Security Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Covert Security Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Covert Security Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Covert Security Limited
- - Industry AVG
COVERT SECURITY LIMITED financials
Covert Security Limited's latest turnover from May 2023 is estimated at £174.6 thousand and the company has net assets of £63.6 thousand. According to their latest financial statements, Covert Security Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 5 | 6 | 3 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 53,616 | 172,519 | 266,092 | 259,389 | 140,032 | 27,960 | 1,560 | 110 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 53,616 | 172,519 | 266,092 | 259,389 | 140,032 | 27,960 | 1,560 | 110 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,950 | 245,029 | 10,585 | 10,876 | 88 | 106,679 | 24,055 | 24,907 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 145,697 | 767,780 | 100,671 | 194,121 | 0 | 1,582 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,950 | 245,029 | 156,282 | 778,656 | 100,759 | 300,800 | 24,055 | 26,489 | 0 |
| total assets | 63,566 | 417,548 | 422,374 | 1,038,045 | 240,791 | 328,760 | 25,615 | 26,599 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 70,816 | 118,477 | 269,115 | 78,132 | 328,159 | 6,230 | 18,396 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 70,816 | 118,477 | 269,115 | 78,132 | 328,159 | 6,230 | 18,396 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 0 | 0 |
| total liabilities | 0 | 70,816 | 118,477 | 269,115 | 78,132 | 328,159 | 12,230 | 18,396 | 0 |
| net assets | 63,566 | 346,732 | 303,897 | 768,930 | 162,659 | 601 | 13,385 | 8,203 | 0 |
| total shareholders funds | 63,566 | 346,732 | 303,897 | 768,930 | 162,659 | 601 | 13,385 | 8,203 | 0 |
| May 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -235,079 | 234,444 | -291 | 10,788 | -106,591 | 82,624 | -852 | 24,907 | 0 |
| Creditors | -70,816 | -47,661 | -150,638 | 190,983 | -250,027 | 321,929 | -12,166 | 18,396 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | -6,000 | 6,000 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | -145,697 | -622,083 | 667,109 | -93,450 | 194,121 | -1,582 | 1,582 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -145,697 | -622,083 | 667,109 | -93,450 | 194,121 | -1,582 | 1,582 | 0 |
covert security limited Credit Report and Business Information
Covert Security Limited Competitor Analysis
Perform a competitor analysis for covert security limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in HA0 area or any other competitors across 12 key performance metrics.
covert security limited Ownership
COVERT SECURITY LIMITED group structure
Covert Security Limited has no subsidiary companies.
Ultimate parent company
COVERT SECURITY LIMITED
09231920
covert security limited directors
Covert Security Limited currently has 1 director, Mrs Shahameh Dizaei serving since Feb 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Shahameh Dizaei | United Kingdom | 49 years | Feb 2020 | - | Director |
P&L
May 2023turnover
174.6k
-71%
operating profit
-283.2k
0%
gross margin
17.6%
+6.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
63.6k
-0.82%
total assets
63.6k
-0.85%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
covert security limited company details
company number
09231920
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
suite 9, cmn associates ltd, liberty work, wembley, HA0 1TX
Bank
-
Legal Advisor
-
covert security 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 covert security limited.
covert security limited Companies House Filings - See Documents
| date | description | view/download |
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