bluecove limited
bluecove limited Company Information
Company Number
11269446
Website
bluecove.comRegistered Address
10 new burlington street, london, W1S 3BE
Industry
Other personal service activities n.e.c.
Telephone
02031461500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
second circle limited 37.3%
the harroway limited partnership 23%
View Allbluecove limited Estimated Valuation
Pomanda estimates the enterprise value of BLUECOVE LIMITED at £22.2m based on a Turnover of £12.8m and 1.73x industry multiple (adjusted for size and gross margin).
bluecove limited Estimated Valuation
Pomanda estimates the enterprise value of BLUECOVE LIMITED at £0 based on an EBITDA of £-3.9m and a 11.27x industry multiple (adjusted for size and gross margin).
bluecove limited Estimated Valuation
Pomanda estimates the enterprise value of BLUECOVE LIMITED at £4.1m based on Net Assets of £8.6m and 0.48x industry multiple (adjusted for liquidity).
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Bluecove Limited Overview
Bluecove Limited is a live company located in london, W1S 3BE with a Companies House number of 11269446. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2018, it's largest shareholder is second circle limited with a 37.3% stake. Bluecove Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.8m with rapid growth in recent years.
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Bluecove Limited Health Check
Pomanda's financial health check has awarded Bluecove Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
4 Weak
Size
annual sales of £12.8m, make it larger than the average company (£1.1m)
£12.8m - Bluecove Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 729%, show it is growing at a faster rate (4.5%)
729% - Bluecove Limited
4.5% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (41.7%)
100% - Bluecove Limited
41.7% - Industry AVG
Profitability
an operating margin of -38.9% make it less profitable than the average company (6.9%)
-38.9% - Bluecove Limited
6.9% - Industry AVG
Employees
with 66 employees, this is above the industry average (15)
66 - Bluecove Limited
15 - Industry AVG
Pay Structure
on an average salary of £182.3k, the company has a higher pay structure (£32.1k)
£182.3k - Bluecove Limited
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £194.4k, this is more efficient (£95.5k)
£194.4k - Bluecove Limited
£95.5k - Industry AVG
Debtor Days
it gets paid by customers after 175 days, this is later than average (32 days)
175 days - Bluecove Limited
32 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Bluecove Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bluecove Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is less cash available to meet short term requirements (43 weeks)
24 weeks - Bluecove Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.7%, this is a lower level of debt than the average (48%)
39.7% - Bluecove Limited
48% - Industry AVG
BLUECOVE LIMITED financials
Bluecove Limited's latest turnover from December 2022 is £12.8 million and the company has net assets of £8.6 million. According to their latest financial statements, Bluecove Limited has 66 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 12,832,746 | 4,644,726 | 3,360,596 | 22,507 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 103,738 | 121,650 | 9,809 | 0 |
| Gross Profit | 12,832,746 | 4,540,988 | 3,238,946 | 12,698 | 0 |
| Admin Expenses | 17,821,080 | 15,839,690 | 14,180,562 | 10,254,177 | 3,819,686 |
| Operating Profit | -4,988,334 | -11,298,702 | -10,941,616 | -10,241,479 | -3,819,686 |
| Interest Payable | 80,391 | 68,452 | 60,485 | 54,239 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -5,066,814 | -11,366,538 | -10,993,956 | -10,269,670 | -3,800,134 |
| Tax | 1,476,718 | 1,547,146 | 1,644,773 | 1,283,102 | 273,065 |
| Profit After Tax | -3,590,096 | -9,819,392 | -9,349,183 | -8,986,568 | -3,527,069 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,590,096 | -9,819,392 | -9,349,183 | -8,986,568 | -3,527,069 |
| Employee Costs | 12,030,360 | 11,526,060 | 10,668,040 | 6,738,551 | 1,280,026 |
| Number Of Employees | 66 | 64 | 60 | 47 | 12 |
| EBITDA* | -3,935,888 | -10,429,624 | -10,210,897 | -9,539,507 | -3,736,104 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,401,150 | 3,313,801 | 2,303,282 | 2,952,109 | 1,436,477 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 241 | 241 | 241 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 805,195 |
| Total Fixed Assets | 2,401,150 | 3,313,801 | 2,303,282 | 2,952,109 | 1,436,477 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,154,604 | 539,942 | 2,763,123 | 22,153 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,092,458 | 1,621,406 | 796,983 | 855,524 | 1,525,533 |
| Cash | 2,079,034 | 8,631,118 | 11,484,937 | 10,599,115 | 12,739,577 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,802,814 | 12,339,612 | 16,689,816 | 12,986,701 | 14,538,175 |
| total assets | 14,203,964 | 15,653,413 | 18,993,098 | 15,938,810 | 15,974,652 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 107,941 | 355,488 | 610,887 | 230,164 | 158,185 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 981,507 | 820,292 | 559,422 | 97,227 | 0 |
| other current liabilities | 3,356,519 | 3,922,205 | 3,311,648 | 1,347,655 | 417,278 |
| total current liabilities | 4,445,967 | 5,097,985 | 4,481,957 | 1,675,046 | 575,463 |
| loans | 2,394,458 | 4,407,272 | 2,717,240 | 3,529,910 | 0 |
| hp & lease commitments | 1,197,229 | 2,203,636 | 1,358,620 | 1,764,955 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 176,258 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,197,229 | 2,203,636 | 1,358,620 | 1,764,955 | 176,258 |
| total liabilities | 5,643,196 | 7,301,621 | 5,840,577 | 3,440,001 | 751,721 |
| net assets | 8,560,768 | 8,351,792 | 13,152,521 | 12,498,809 | 15,222,931 |
| total shareholders funds | 8,560,768 | 8,351,792 | 13,152,521 | 12,498,809 | 15,222,931 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -4,988,334 | -11,298,702 | -10,941,616 | -10,241,479 | -3,819,686 |
| Depreciation | 1,052,446 | 869,078 | 730,719 | 701,972 | 83,582 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,476,718 | 1,547,146 | 1,644,773 | 1,283,102 | 273,065 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,085,714 | -1,398,758 | 2,682,429 | -1,453,051 | 2,330,728 |
| Creditors | -247,547 | -255,399 | 380,723 | 71,979 | 158,185 |
| Accruals and Deferred Income | -565,686 | 610,557 | 1,963,993 | 754,119 | 593,536 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,358,117 | -7,128,562 | -8,903,837 | -5,977,256 | -5,042,046 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 241 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,012,814 | 1,690,032 | -812,670 | 3,529,910 | 0 |
| Hire Purchase and Lease Commitments | -845,192 | 1,105,886 | 55,860 | 1,862,182 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -80,391 | -68,452 | -60,485 | -54,239 | 0 |
| cash flow from financing | 860,675 | 7,746,129 | 9,185,600 | 11,600,299 | 18,750,000 |
| cash and cash equivalents | |||||
| cash | -6,552,084 | -2,853,819 | 885,822 | -2,140,462 | 12,739,577 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,552,084 | -2,853,819 | 885,822 | -2,140,462 | 12,739,577 |
bluecove limited Credit Report and Business Information
Bluecove Limited Competitor Analysis
Perform a competitor analysis for bluecove limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in W1S area or any other competitors across 12 key performance metrics.
bluecove limited Ownership
BLUECOVE LIMITED group structure
Bluecove Limited has no subsidiary companies.
Ultimate parent company
BLUECOVE LIMITED
11269446
bluecove limited directors
Bluecove Limited currently has 3 directors. The longest serving directors include Mr Alexander Khein (Mar 2018) and Mr Hugh Willis (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Khein | England | 55 years | Mar 2018 | - | Director |
| Mr Hugh Willis | 64 years | Mar 2018 | - | Director | |
| Mr Boris Okuliar | England | 48 years | May 2023 | - | Director |
P&L
December 2022turnover
12.8m
+176%
operating profit
-5m
-56%
gross margin
100%
+2.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.6m
+0.03%
total assets
14.2m
-0.09%
cash
2.1m
-0.76%
net assets
Total assets minus all liabilities
bluecove limited company details
company number
11269446
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
March 2018
age
6
incorporated
UK
accounts
Group
ultimate parent company
previous names
bcco limited (March 2018)
last accounts submitted
December 2022
address
10 new burlington street, london, W1S 3BE
accountant
-
auditor
KPMG LLP
bluecove 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 bluecove limited.
bluecove limited Companies House Filings - See Documents
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