core cover ltd
core cover ltd Company Information
Company Number
10096951
Next Accounts
Feb 2025
Shareholders
sanctum 13 holdings ltd
malcolm hudson
View AllGroup Structure
View All
Industry
Other activities auxiliary to insurance and pension funding
Registered Address
4 beaconsfield road, st albans, hertfordshire, AL1 3RD
Website
corecover.co.ukcore cover ltd Estimated Valuation
Pomanda estimates the enterprise value of CORE COVER LTD at £1.1m based on a Turnover of £1.2m and 0.87x industry multiple (adjusted for size and gross margin).
core cover ltd Estimated Valuation
Pomanda estimates the enterprise value of CORE COVER LTD at £1.1m based on an EBITDA of £224.5k and a 5x industry multiple (adjusted for size and gross margin).
core cover ltd Estimated Valuation
Pomanda estimates the enterprise value of CORE COVER LTD at £6.8k based on Net Assets of £3.2k and 2.1x industry multiple (adjusted for liquidity).
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Core Cover Ltd Overview
Core Cover Ltd is a dissolved company that was located in hertfordshire, AL1 3RD with a Companies House number of 10096951. It operated in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in April 2016, it's largest shareholder was sanctum 13 holdings ltd with a 60% stake. The last turnover for Core Cover Ltd was estimated at £1.2m.
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Core Cover Ltd Health Check
Pomanda's financial health check has awarded Core Cover Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £1.2m, make it larger than the average company (£1m)
- Core Cover Ltd
£1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Core Cover Ltd
- - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Core Cover Ltd
100% - Industry AVG
Profitability
an operating margin of 17.9% make it more profitable than the average company (8.9%)
- Core Cover Ltd
8.9% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (8)
9 - Core Cover Ltd
8 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
- Core Cover Ltd
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £136.9k, this is more efficient (£97.2k)
- Core Cover Ltd
£97.2k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (59 days)
- Core Cover Ltd
59 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Core Cover Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Core Cover Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (43 weeks)
9 weeks - Core Cover Ltd
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (58.7%)
99% - Core Cover Ltd
58.7% - Industry AVG
CORE COVER LTD financials
Core Cover Ltd's latest turnover from March 2020 is estimated at £1.2 million and the company has net assets of £3.2 thousand. According to their latest financial statements, Core Cover Ltd has 9 employees and maintains cash reserves of £24 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|
| Turnover | 279,848 | 0 | ||
| Other Income Or Grants | 0 | 0 | ||
| Cost Of Sales | 195,293 | 0 | ||
| Gross Profit | 84,555 | 0 | ||
| Admin Expenses | 57,988 | 0 | ||
| Operating Profit | 26,567 | 0 | ||
| Interest Payable | 0 | 0 | ||
| Interest Receivable | 8 | 0 | ||
| Pre-Tax Profit | 26,575 | 0 | ||
| Tax | -3,560 | 0 | ||
| Profit After Tax | 23,015 | 0 | ||
| Dividends Paid | 23,000 | 0 | ||
| Retained Profit | 15 | 0 | ||
| Employee Costs | 27,289 | 0 | ||
| Number Of Employees | 9 | 12 | 1 | |
| EBITDA* | 28,143 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|
| Tangible Assets | 16,909 | 12,538 | 7,836 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,909 | 12,538 | 7,836 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 275,623 | 16,040 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 23,990 | 20,496 | 11,346 | 100 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 299,613 | 36,536 | 11,346 | 100 |
| total assets | 316,522 | 49,074 | 19,182 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 134,485 | 224,315 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 8,144 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 6,023 | 0 |
| total current liabilities | 134,485 | 224,315 | 14,167 | 0 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 178,803 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 178,803 | 0 | 0 | 0 |
| total liabilities | 313,288 | 224,315 | 14,167 | 0 |
| net assets | 3,234 | -175,241 | 5,015 | 100 |
| total shareholders funds | 3,234 | -175,241 | 5,015 | 100 |
| Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 26,567 | 0 | ||
| Depreciation | 4,222 | 4,592 | 1,576 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | -3,560 | 0 | ||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 259,583 | 16,040 | 0 | 0 |
| Creditors | -89,830 | 224,315 | 0 | 0 |
| Accruals and Deferred Income | 0 | -6,023 | 6,023 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 30,606 | 0 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -8,144 | 8,144 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 178,803 | 0 | 0 | 0 |
| share issue | ||||
| interest | 8 | 0 | ||
| cash flow from financing | 13,052 | 100 | ||
| cash and cash equivalents | ||||
| cash | 3,494 | 9,150 | 11,246 | 100 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 3,494 | 9,150 | 11,246 | 100 |
core cover ltd Credit Report and Business Information
Core Cover Ltd Competitor Analysis
Perform a competitor analysis for core cover ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in AL1 area or any other competitors across 12 key performance metrics.
core cover ltd Ownership
CORE COVER LTD group structure
Core Cover Ltd has no subsidiary companies.
core cover ltd directors
Core Cover Ltd currently has 2 directors. The longest serving directors include Mr Richard Holmes (Nov 2018) and Mr Ross Bailey (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Holmes | 44 years | Nov 2018 | - | Director | |
| Mr Ross Bailey | 37 years | Jul 2020 | - | Director |
P&L
March 2020turnover
1.2m
+73%
operating profit
220.3k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
3.2k
-1.02%
total assets
316.5k
+5.45%
cash
24k
+0.17%
net assets
Total assets minus all liabilities
core cover ltd company details
company number
10096951
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
April 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2020
previous names
study safe ltd (September 2018)
accountant
ACCOUNTS UNLOCKED
auditor
-
address
4 beaconsfield road, st albans, hertfordshire, AL1 3RD
Bank
-
Legal Advisor
-
core cover 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 1 charges/mortgages relating to core cover ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
core cover 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.
Click to start generating capital raising & share issue transactions for CORE COVER LTD. This can take several minutes, an email will notify you when this has completed.
core cover ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
