unit 11 fisher street galleries, fisher street, carlisle, CA3 8RH
Website
-
covintures ltdEstimated Valuation
£23.2k
Pomanda estimates the enterprise value of COVINTURES LTD at £23.2k based on a Turnover of £47.1k and 0.49x industry multiple (adjusted for size and gross margin).
covintures ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of COVINTURES LTD at £0 based on an EBITDA of £-29.2k and a 3.05x industry multiple (adjusted for size and gross margin).
covintures ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of COVINTURES LTD at £0 based on Net Assets of £-32.3k and 1.96x industry multiple (adjusted for liquidity).
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Covintures LtdOverview
Covintures Ltd is a live company located in carlisle, CA3 8RH with a Companies House number of 11990069. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in May 2019, it's largest shareholder is
przemek de skuba skwirczynski
with a 100% stake. Covintures Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£47.1k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Covintures Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
1 Regular
7 Weak
Size
annual sales of £47.1k, make it smaller than the average company (£18.7m)
£47.1k - Covintures Ltd
£18.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Covintures Ltd
- - Industry AVG
Production
with a gross margin of 19.1%, this company has a higher cost of product (31.6%)
19.1% - Covintures Ltd
31.6% - Industry AVG
Profitability
an operating margin of -61.9% make it less profitable than the average company (4.8%)
-61.9% - Covintures Ltd
4.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (69)
1 - Covintures Ltd
69 - Industry AVG
Pay Structure
on an average salary of £45k, the company has an equivalent pay structure (£45k)
£45k - Covintures Ltd
£45k - Industry AVG
Efficiency
resulting in sales per employee of £47.1k, this is less efficient (£339.5k)
£47.1k - Covintures Ltd
£339.5k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (53 days)
7 days - Covintures Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (43 days)
9 days - Covintures Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Covintures Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Covintures Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 272.3%, this is a higher level of debt than the average (55.6%)
272.3% - Covintures Ltd
55.6% - Industry AVG
COVINTURES LTD financials
EXPORT
Covintures Ltd's latest turnover from May 2021 is estimated at £47.1 thousand and the company has net assets of -£32.3 thousand. According to their latest financial statements, Covintures Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2021
May 2020
Turnover
47,139
148,584
Other Income Or Grants
Cost Of Sales
38,155
120,354
Gross Profit
8,984
28,230
Admin Expenses
38,189
31,286
Operating Profit
-29,205
-3,056
Interest Payable
Interest Receivable
Pre-Tax Profit
-29,205
-3,056
Tax
Profit After Tax
-29,205
-3,056
Dividends Paid
Retained Profit
-29,205
-3,056
Employee Costs
44,968
44,221
Number Of Employees
1
1
EBITDA*
-29,205
-3,056
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2021
May 2020
Tangible Assets
225
Intangible Assets
Investments & Other
1
1
Debtors (Due After 1 year)
Total Fixed Assets
1
226
Stock & work in progress
Trade Debtors
1,004
50,000
Group Debtors
Misc Debtors
17,723
Cash
misc current assets
total current assets
18,727
50,000
total assets
18,728
50,226
Bank overdraft
Bank loan
Trade Creditors
989
3,056
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
989
3,056
loans
hp & lease commitments
Accruals and Deferred Income
226
other liabilities
50,000
50,000
provisions
total long term liabilities
50,000
50,226
total liabilities
50,989
53,282
net assets
-32,261
-3,056
total shareholders funds
-32,261
-3,056
May 2021
May 2020
Operating Activities
Operating Profit
-29,205
-3,056
Depreciation
Amortisation
Tax
Stock
Debtors
-31,273
50,000
Creditors
-2,067
3,056
Accruals and Deferred Income
-226
226
Deferred Taxes & Provisions
Cash flow from operations
-225
-49,774
Investing Activities
capital expenditure
225
-225
Change in Investments
1
cash flow from investments
225
-226
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
50,000
share issue
interest
cash flow from financing
50,000
cash and cash equivalents
cash
overdraft
change in cash
covintures 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 covintures ltd. Get real-time insights into covintures ltd's credit score, group structure and payment trends.
Perform a competitor analysis for covintures ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in CA3 area or any other competitors across 12 key performance metrics.
covintures ltd Ownership
COVINTURES LTD group structure
Covintures Ltd has no subsidiary companies.
Ultimate parent company
COVINTURES LTD
11990069
COVINTURES LTD Shareholders
The sole shareholder of Covintures Ltd is Przemek De Skuba Skwirczynski.
przemek de skuba skwirczynski
100%
covintures ltd directors
Covintures Ltd currently has 1 director, Mr Charles O'Sullivan serving since Nov 2021.
25990 - Manufacture of other fabricated metal products n.e.c.
21100 - Manufacture of basic pharmaceutical products
incorporation date
May 2019
age
6
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
May 2021
previous names
ubdi limited (September 2021)
de skuba ltd (November 2020)
accountant
-
auditor
-
address
unit 11 fisher street galleries, fisher street, carlisle, CA3 8RH
Bank
-
Legal Advisor
-
covintures 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 covintures ltd.
covintures 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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covintures ltdCompanies House Filings - See Documents
