Pomanda estimates the enterprise value of COVER DIRECT LTD at £193.7k based on a Turnover of £262.6k and 0.74x industry multiple (adjusted for size and gross margin).
cover direct ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of COVER DIRECT LTD at £0 based on an EBITDA of £-288.1k and a 5.45x industry multiple (adjusted for size and gross margin).
cover direct ltdEstimated Valuation
£663.5k
Pomanda estimates the enterprise value of COVER DIRECT LTD at £663.5k based on Net Assets of £394.3k and 1.68x industry multiple (adjusted for liquidity).
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Cover Direct LtdOverview
Cover Direct Ltd is a live company located in camberley, GU15 3YL with a Companies House number of 10291957. It operates in the life insurance sector, SIC Code 65110. Founded in July 2016, it's largest shareholder is
zuru group limited
with a 100% stake. Cover Direct Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£262.6k with
high
growth in recent years.
Pomanda's financial health check has awarded Cover Direct Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £262.6k, make it smaller than the average company (£2.1m)
£262.6k - Cover Direct Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.7%)
17% - Cover Direct Ltd
7.7% - Industry AVG
Production
with a gross margin of 97.5%, this company has a comparable cost of product (97.5%)
97.5% - Cover Direct Ltd
97.5% - Industry AVG
Profitability
an operating margin of -109.7% make it less profitable than the average company (13.3%)
-109.7% - Cover Direct Ltd
13.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (17)
3 - Cover Direct Ltd
17 - Industry AVG
Pay Structure
on an average salary of £56.8k, the company has an equivalent pay structure (£56.8k)
£56.8k - Cover Direct Ltd
£56.8k - Industry AVG
Efficiency
resulting in sales per employee of £87.5k, this is less efficient (£131.2k)
£87.5k - Cover Direct Ltd
£131.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cover Direct Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 255 days, this is slower than average (86 days)
255 days - Cover Direct Ltd
86 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cover Direct Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (21 weeks)
4 weeks - Cover Direct Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.9%, this is a lower level of debt than the average (75.4%)
35.9% - Cover Direct Ltd
75.4% - Industry AVG
COVER DIRECT LTD financials
EXPORT
Cover Direct Ltd's latest turnover from December 2023 is estimated at £262.6 thousand and the company has net assets of £394.3 thousand. According to their latest financial statements, Cover Direct Ltd has 3 employees and maintains cash reserves of £16.1 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
Turnover
262,560
83,641
246,071
162,686
150,673
153,612
230,635
Other Income Or Grants
Cost Of Sales
6,609
2,778
15,522
10,688
12,342
18,168
22,429
Gross Profit
255,951
80,863
230,549
151,998
138,331
135,444
208,206
Admin Expenses
544,017
-24
-116,502
127,097
-240,134
136,172
214,316
Operating Profit
-288,066
80,887
347,051
24,901
378,465
-728
-6,110
Interest Payable
Interest Receivable
491
73
114
52
75
40
11
Pre-Tax Profit
-287,575
80,960
347,165
24,953
378,540
-688
-6,099
Tax
-15,382
-65,961
-4,741
-71,923
Profit After Tax
-287,575
65,578
281,204
20,212
306,617
-688
-6,099
Dividends Paid
Retained Profit
-287,575
65,578
281,204
20,212
306,617
-688
-6,099
Employee Costs
170,253
54,198
161,737
104,642
100,463
99,621
96,615
Number Of Employees
3
1
3
2
2
2
2
EBITDA*
-288,066
80,887
347,051
24,901
378,465
-728
-6,110
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors
445,654
539,000
389,000
Misc Debtors
153,468
174,453
263,844
391,737
546,711
287,451
15,000
Cash
16,132
2,572
1,608
89,847
13,343
6,550
4,212
misc current assets
total current assets
615,254
716,025
654,452
481,584
560,054
294,001
19,212
total assets
615,254
716,025
654,452
481,584
560,054
294,001
19,212
Bank overdraft
Bank loan
Trade Creditors
4,635
4,034
5,356
50,524
2,892
464
Group/Directors Accounts
89,085
74,948
229,039
9,988
other short term finances
hp & lease commitments
other current liabilities
99,619
3,779
1,721
25,568
72,816
6,275
313
total current liabilities
193,339
7,813
7,077
76,092
150,656
235,778
10,301
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
27,656
26,378
31,119
70,440
94,558
50,000
total long term liabilities
27,656
26,378
31,119
70,440
94,558
50,000
total liabilities
220,995
34,191
38,196
146,532
245,214
285,778
10,301
net assets
394,259
681,834
616,256
335,052
314,840
8,223
8,911
total shareholders funds
394,259
681,834
616,256
335,052
314,840
8,223
8,911
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Operating Activities
Operating Profit
-288,066
80,887
347,051
24,901
378,465
-728
-6,110
Depreciation
Amortisation
Tax
-15,382
-65,961
-4,741
-71,923
Stock
Debtors
-114,331
60,609
261,107
-154,974
259,260
272,451
15,000
Creditors
601
-1,322
-45,168
47,632
2,428
464
Accruals and Deferred Income
95,840
2,058
-23,847
-47,248
66,541
5,962
313
Deferred Taxes & Provisions
1,278
-4,741
-39,321
-24,118
44,558
50,000
Cash flow from operations
-76,016
891
-88,353
151,400
160,809
-216,753
-20,797
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
89,085
-74,948
-154,091
219,051
9,988
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
15,010
interest
491
73
114
52
75
40
11
cash flow from financing
89,576
73
114
-74,896
-154,016
219,091
25,009
cash and cash equivalents
cash
13,560
964
-88,239
76,504
6,793
2,338
4,212
overdraft
change in cash
13,560
964
-88,239
76,504
6,793
2,338
4,212
cover direct ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for cover direct ltd. Get real-time insights into cover direct ltd's credit score, group structure and payment trends.
Perform a competitor analysis for cover direct ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in GU15 area or any other competitors across 12 key performance metrics.
arena offices, building b, riverside way, camberley, GU15 3YL
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Legal Advisor
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cover direct 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 did not find charges/mortgages relating to cover direct ltd.
cover direct 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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cover direct ltdCompanies House Filings - See Documents
