cove communities management limited
cove communities management limited Company Information
Company Number
12156493
Next Accounts
Sep 2025
Shareholders
cove uk opco gp llc as general partner for cove communities uk management lp
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
1 bartholomew lane, london, EC2N 2AX
Website
-cove communities management limited Estimated Valuation
Pomanda estimates the enterprise value of COVE COMMUNITIES MANAGEMENT LIMITED at £17.5m based on a Turnover of £5.2m and 3.39x industry multiple (adjusted for size and gross margin).
cove communities management limited Estimated Valuation
Pomanda estimates the enterprise value of COVE COMMUNITIES MANAGEMENT LIMITED at £0 based on an EBITDA of £-3.9m and a 8.93x industry multiple (adjusted for size and gross margin).
cove communities management limited Estimated Valuation
Pomanda estimates the enterprise value of COVE COMMUNITIES MANAGEMENT LIMITED at £0 based on Net Assets of £-5.4m and 1.82x industry multiple (adjusted for liquidity).
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Cove Communities Management Limited Overview
Cove Communities Management Limited is a live company located in london, EC2N 2AX with a Companies House number of 12156493. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in August 2019, it's largest shareholder is cove uk opco gp llc as general partner for cove communities uk management lp with a 100% stake. Cove Communities Management Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.2m with rapid growth in recent years.
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Cove Communities Management Limited Health Check
Pomanda's financial health check has awarded Cove Communities Management Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
5 Weak
Size
annual sales of £5.2m, make it larger than the average company (£360.4k)
£5.2m - Cove Communities Management Limited
£360.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (4.5%)
39% - Cove Communities Management Limited
4.5% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (68.8%)
100% - Cove Communities Management Limited
68.8% - Industry AVG
Profitability
an operating margin of -77.1% make it less profitable than the average company (6.6%)
-77.1% - Cove Communities Management Limited
6.6% - Industry AVG
Employees
with 79 employees, this is above the industry average (7)
79 - Cove Communities Management Limited
7 - Industry AVG
Pay Structure
on an average salary of £76.1k, the company has a higher pay structure (£42.6k)
£76.1k - Cove Communities Management Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £65.6k, this is less efficient (£103.5k)
£65.6k - Cove Communities Management Limited
£103.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cove Communities Management Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cove Communities Management Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cove Communities Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (46 weeks)
0 weeks - Cove Communities Management Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 148.9%, this is a higher level of debt than the average (56.7%)
148.9% - Cove Communities Management Limited
56.7% - Industry AVG
COVE COMMUNITIES MANAGEMENT LIMITED financials
Cove Communities Management Limited's latest turnover from December 2023 is £5.2 million and the company has net assets of -£5.4 million. According to their latest financial statements, Cove Communities Management Limited has 79 employees and maintains cash reserves of £18.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 5,179,421 | 4,325,843 | 3,030,684 | 1,944,075 |
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | 5,179,421 | 4,325,843 | ||
| Admin Expenses | 9,174,263 | 7,530,742 | ||
| Operating Profit | -3,994,842 | -3,204,899 | 53,346 | 77,984 |
| Interest Payable | 76,143 | 1,756 | ||
| Interest Receivable | 1,315 | 356 | 20 | |
| Pre-Tax Profit | -4,069,670 | -3,204,543 | 53,346 | 76,248 |
| Tax | 1,818,553 | 28 | -3,447 | -20,978 |
| Profit After Tax | -2,251,117 | -3,204,515 | 49,899 | 55,270 |
| Dividends Paid | ||||
| Retained Profit | -2,251,117 | -3,204,515 | 49,899 | 55,270 |
| Employee Costs | 6,010,025 | 4,790,652 | 1,594,568 | 1,029,465 |
| Number Of Employees | 79 | 49 | 20 | 6 |
| EBITDA* | -3,947,052 | -3,189,739 | 56,028 | 80,667 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 160,398 | 106,715 | 32,683 | 5,365 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 160,398 | 106,715 | 32,683 | 5,365 |
| Stock & work in progress | ||||
| Trade Debtors | ||||
| Group Debtors | 8,663,411 | 3,489,026 | 1,085,923 | 998,619 |
| Misc Debtors | 2,098,006 | 186,401 | 290,981 | 82,663 |
| Cash | 18,531 | 11,379 | 181,751 | 308,482 |
| misc current assets | ||||
| total current assets | 10,779,948 | 3,686,806 | 1,558,655 | 1,389,764 |
| total assets | 10,940,346 | 3,793,521 | 1,591,338 | 1,395,129 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 123,365 | 91,652 | 240,941 | 18,856 |
| Group/Directors Accounts | 15,517,348 | 5,873,383 | 509,940 | 982,149 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 649,996 | 927,732 | 735,160 | 338,726 |
| total current liabilities | 16,290,709 | 6,892,767 | 1,486,041 | 1,339,731 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 28 | 28 | ||
| total long term liabilities | 28 | 28 | ||
| total liabilities | 16,290,709 | 6,892,767 | 1,486,069 | 1,339,759 |
| net assets | -5,350,363 | -3,099,246 | 105,269 | 55,370 |
| total shareholders funds | -5,350,363 | -3,099,246 | 105,269 | 55,370 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -3,994,842 | -3,204,899 | 53,346 | 77,984 |
| Depreciation | 47,790 | 15,160 | 2,682 | 2,683 |
| Amortisation | ||||
| Tax | 1,818,553 | 28 | -3,447 | -20,978 |
| Stock | ||||
| Debtors | 7,085,990 | 2,298,523 | 295,622 | 1,081,282 |
| Creditors | 31,713 | -149,289 | 222,085 | 18,856 |
| Accruals and Deferred Income | -277,736 | 192,572 | 396,434 | 338,726 |
| Deferred Taxes & Provisions | -28 | 28 | ||
| Cash flow from operations | -9,460,512 | -5,444,979 | 375,478 | -663,983 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 9,643,965 | 5,363,443 | -472,209 | 982,149 |
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -74,828 | 356 | -1,736 | |
| cash flow from financing | 9,569,137 | 5,363,799 | -472,209 | 980,513 |
| cash and cash equivalents | ||||
| cash | 7,152 | -170,372 | -126,731 | 308,482 |
| overdraft | ||||
| change in cash | 7,152 | -170,372 | -126,731 | 308,482 |
cove communities management limited Credit Report and Business Information
Cove Communities Management Limited Competitor Analysis
Perform a competitor analysis for cove communities management limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in EC2N area or any other competitors across 12 key performance metrics.
cove communities management limited Ownership
COVE COMMUNITIES MANAGEMENT LIMITED group structure
Cove Communities Management Limited has no subsidiary companies.
Ultimate parent company
COVE COMMUNITIES MANAGEMENT LIMITED
12156493
cove communities management limited directors
Cove Communities Management Limited currently has 4 directors. The longest serving directors include Mr Mark Seaton (Oct 2019) and Mr Francisco Barbosa Varandas Fernandes (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Seaton | United Kingdom | 52 years | Oct 2019 | - | Director |
| Mr Francisco Barbosa Varandas Fernandes | United Kingdom | 34 years | Jun 2020 | - | Director |
| Mr Darren Scutter | Jersey | 50 years | Jan 2024 | - | Director |
| Mrs Despina Don-Wauchope | 55 years | Jun 2024 | - | Director |
P&L
December 2023turnover
5.2m
+20%
operating profit
-4m
+25%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.4m
+0.73%
total assets
10.9m
+1.88%
cash
18.5k
+0.63%
net assets
Total assets minus all liabilities
Similar Companies
cove communities management limited company details
company number
12156493
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
August 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
1 bartholomew lane, london, EC2N 2AX
Bank
-
Legal Advisor
-
cove communities management 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 cove communities management limited.
cove communities management 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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cove communities management limited Companies House Filings - See Documents
| date | description | view/download |
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