Pomanda estimates the enterprise value of COVOL ENGINEERING LIMITED at £309.2k based on a Turnover of £788k and 0.39x industry multiple (adjusted for size and gross margin).
covol engineering limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of COVOL ENGINEERING LIMITED at £0 based on an EBITDA of £-16.2k and a 3.29x industry multiple (adjusted for size and gross margin).
covol engineering limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of COVOL ENGINEERING LIMITED at £0 based on Net Assets of £-59.6k and 2.03x industry multiple (adjusted for liquidity).
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Covol Engineering LimitedOverview
Covol Engineering Limited is a live company located in billingham, TS23 4EA with a Companies House number of 11184319. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in February 2018, it's largest shareholder is
jeremy david gadd
with a 80% stake. Covol Engineering Limited is a young,
small sized company, Pomanda has estimated its turnover at
£788k with
declining
growth in recent years.
Pomanda's financial health check has awarded Covol Engineering Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
0 Strong
4 Regular
7 Weak
Size
annual sales of £788k, make it smaller than the average company (£2m)
£788k - Covol Engineering Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (7.2%)
-16% - Covol Engineering Limited
7.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
32.9% - Covol Engineering Limited
32.9% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (6.2%)
-2.4% - Covol Engineering Limited
6.2% - Industry AVG
Employees
with 11 employees, this is below the industry average (18)
11 - Covol Engineering Limited
18 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£54k)
£54k - Covol Engineering Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £71.6k, this is less efficient (£101.8k)
£71.6k - Covol Engineering Limited
£101.8k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is near the average (74 days)
73 days - Covol Engineering Limited
74 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is close to average (21 days)
19 days - Covol Engineering Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Covol Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 10 weeks, this is less cash available to meet short term requirements (14 weeks)
10 weeks - Covol Engineering Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.5%, this is a higher level of debt than the average (54.4%)
124.5% - Covol Engineering Limited
54.4% - Industry AVG
COVOL ENGINEERING LIMITED financials
EXPORT
Covol Engineering Limited's latest turnover from December 2023 is estimated at £788 thousand and the company has net assets of -£59.6 thousand. According to their latest financial statements, Covol Engineering Limited has 11 employees and maintains cash reserves of £52.9 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
Turnover
788,000
734,864
594,596
1,332,411
1,576,284
2,132,644
Other Income Or Grants
Cost Of Sales
528,678
497,159
389,841
871,020
1,007,600
1,377,208
Gross Profit
259,322
237,705
204,755
461,392
568,684
755,437
Admin Expenses
278,324
354,452
223,305
524,430
502,186
712,914
Operating Profit
-19,002
-116,747
-18,550
-63,038
66,498
42,523
Interest Payable
313
305
Interest Receivable
4,276
5,505
555
275
2,142
978
Pre-Tax Profit
-14,726
-111,242
-18,308
-63,068
68,640
43,501
Tax
-13,042
-8,265
Profit After Tax
-14,726
-111,242
-18,308
-63,068
55,598
35,236
Dividends Paid
Retained Profit
-14,726
-111,242
-18,308
-63,068
55,598
35,236
Employee Costs
593,526
578,393
650,520
603,786
690,704
728,966
Number Of Employees
11
11
12
12
14
14
EBITDA*
-16,203
-111,687
-12,910
-58,987
69,519
42,523
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Tangible Assets
11,600
13,111
16,650
20,466
20,839
22,777
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
11,600
13,111
16,650
20,466
20,839
22,777
Stock & work in progress
Trade Debtors
158,359
163,587
92,322
190,763
204,028
391,424
Group Debtors
Misc Debtors
19,983
11,728
34,525
Cash
52,937
109,964
204,585
239,250
310,298
260,810
misc current assets
total current assets
231,279
285,279
331,432
430,013
514,326
652,234
total assets
242,879
298,390
348,082
450,479
535,165
675,011
Bank overdraft
Bank loan
Trade Creditors
28,934
13,220
15,171
211,076
273,600
395,456
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
224,120
226,918
177,763
total current liabilities
253,054
240,138
192,934
211,076
273,600
395,456
loans
10,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
49,439
100,341
82,000
133,863
100,494
171,451
provisions
2,975
3,779
3,813
total long term liabilities
49,439
100,341
84,975
147,642
104,307
171,451
total liabilities
302,493
340,479
277,909
358,718
377,907
566,907
net assets
-59,614
-42,089
70,173
91,761
157,258
108,104
total shareholders funds
-59,614
-42,089
70,173
91,761
157,258
108,104
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Operating Activities
Operating Profit
-19,002
-116,747
-18,550
-63,038
66,498
42,523
Depreciation
2,799
5,060
5,640
4,051
3,021
Amortisation
Tax
-13,042
-8,265
Stock
Debtors
3,027
48,468
-63,916
-13,265
-187,396
391,424
Creditors
15,714
-1,951
-195,905
-62,524
-121,856
395,456
Accruals and Deferred Income
-2,798
49,155
177,763
Deferred Taxes & Provisions
-2,975
-804
-34
3,813
Cash flow from operations
-6,314
-115,926
32,060
-108,280
125,830
38,290
Investing Activities
capital expenditure
-1,288
-1,521
-1,824
-3,678
-1,083
-22,777
Change in Investments
cash flow from investments
-1,288
-1,521
-1,824
-3,678
-1,083
-22,777
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-10,000
10,000
Hire Purchase and Lease Commitments
other long term liabilities
-50,902
18,341
-51,863
33,369
-70,957
171,451
share issue
-2,799
-1,020
-3,280
-2,429
-6,444
72,868
interest
4,276
5,505
242
-30
2,142
978
cash flow from financing
-49,425
22,826
-64,901
40,910
-75,259
245,297
cash and cash equivalents
cash
-57,027
-94,621
-34,665
-71,048
49,488
260,810
overdraft
change in cash
-57,027
-94,621
-34,665
-71,048
49,488
260,810
covol engineering limited 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 covol engineering limited. Get real-time insights into covol engineering limited's credit score, group structure and payment trends.
Perform a competitor analysis for covol engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in TS23 area or any other competitors across 12 key performance metrics.
covol engineering limited Ownership
COVOL ENGINEERING LIMITED group structure
Covol Engineering Limited has no subsidiary companies.
Ultimate parent company
COVOL ENGINEERING LIMITED
11184319
COVOL ENGINEERING LIMITED Shareholders
The largest shareholders in Covol Engineering Limited include Jeremy David Gadd and Uk Steel Enterprise Limited.
jeremy david gadd
80%
uk steel enterprise limited
20%
covol engineering limited directors
Covol Engineering Limited currently has 1 director, Mr Jeremy Gadd serving since Feb 2018.
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 3 charges/mortgages relating to covol engineering limited. Currently there are 1 open charges and 2 have been satisfied in the past.
covol engineering 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.
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covol engineering limitedCompanies House Filings - See Documents
