Pomanda estimates the enterprise value of COVER ME LTD at £34.6k based on a Turnover of £265k and 0.13x industry multiple (adjusted for size and gross margin).
cover me ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of COVER ME LTD at £0 based on an EBITDA of £-251.5k and a 2.32x industry multiple (adjusted for size and gross margin).
cover me ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of COVER ME LTD at £0 based on Net Assets of £-301.2k and 1.3x industry multiple (adjusted for liquidity).
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Cover Me LtdOverview
Cover Me Ltd is a live company located in paignton, TQ4 5BW with a Companies House number of 13089763. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in December 2020, it's largest shareholder is
rosanna tucker
with a 31.7% stake. Cover Me Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£265k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Cover Me Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
6 Weak
Size
annual sales of £265k, make it smaller than the average company (£16.2m)
£265k - Cover Me Ltd
£16.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Cover Me Ltd
- - Industry AVG
Production
with a gross margin of 11.1%, this company has a higher cost of product (18.5%)
11.1% - Cover Me Ltd
18.5% - Industry AVG
Profitability
an operating margin of -94.9% make it less profitable than the average company (2.6%)
-94.9% - Cover Me Ltd
2.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (56)
3 - Cover Me Ltd
56 - Industry AVG
Pay Structure
on an average salary of £52.6k, the company has an equivalent pay structure (£52.6k)
£52.6k - Cover Me Ltd
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £88.3k, this is less efficient (£244.8k)
£88.3k - Cover Me Ltd
£244.8k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (45 days)
52 days - Cover Me Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (4 days)
45 days - Cover Me Ltd
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cover Me Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cover Me Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 860%, this is a higher level of debt than the average (71.6%)
860% - Cover Me Ltd
71.6% - Industry AVG
COVER ME LTD financials
EXPORT
Cover Me Ltd's latest turnover from December 2023 is estimated at £265 thousand and the company has net assets of -£301.2 thousand. According to their latest financial statements, Cover Me Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Turnover
265,008
161,480
Other Income Or Grants
Cost Of Sales
235,685
144,661
Gross Profit
29,323
16,819
Admin Expenses
280,817
66,528
-12
Operating Profit
-251,494
-49,709
12
Interest Payable
Interest Receivable
Pre-Tax Profit
-251,494
-49,709
12
Tax
-2
Profit After Tax
-251,494
-49,709
10
Dividends Paid
Retained Profit
-251,494
-49,709
10
Employee Costs
157,743
153,449
Number Of Employees
3
3
EBITDA*
-251,494
-49,709
12
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Tangible Assets
889
Intangible Assets
Investments & Other
10
Debtors (Due After 1 year)
Total Fixed Assets
889
10
Stock & work in progress
Trade Debtors
38,306
35,206
Group Debtors
Misc Debtors
436
272
Cash
misc current assets
total current assets
38,742
35,478
total assets
39,631
35,478
10
Bank overdraft
Bank loan
Trade Creditors
29,701
1,976
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
29,701
1,976
loans
hp & lease commitments
Accruals and Deferred Income
9,007
1,000
other liabilities
302,116
82,201
provisions
total long term liabilities
311,123
83,201
total liabilities
340,824
85,177
net assets
-301,193
-49,699
10
total shareholders funds
-301,193
-49,699
10
Dec 2023
Dec 2022
Dec 2021
Operating Activities
Operating Profit
-251,494
-49,709
12
Depreciation
Amortisation
Tax
-2
Stock
Debtors
3,264
35,478
Creditors
27,725
1,976
Accruals and Deferred Income
8,007
1,000
Deferred Taxes & Provisions
Cash flow from operations
-219,026
-82,211
10
Investing Activities
capital expenditure
-889
Change in Investments
-10
10
cash flow from investments
-889
10
-10
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
219,915
82,201
share issue
interest
cash flow from financing
219,915
82,201
cash and cash equivalents
cash
overdraft
change in cash
cover me 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 me ltd. Get real-time insights into cover me ltd's credit score, group structure and payment trends.
Perform a competitor analysis for cover me ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in TQ4 area or any other competitors across 12 key performance metrics.
cover me ltd Ownership
COVER ME LTD group structure
Cover Me Ltd has no subsidiary companies.
Ultimate parent company
COVER ME LTD
13089763
COVER ME LTD Shareholders
The largest shareholders in Cover Me Ltd include Rosanna Tucker and Beverley Brinkworth.
rosanna tucker
31.67%
beverley brinkworth
31.6%
cover me ltd
28.67%
jennifer lynch
6.67%
yogan patel
1.4%
cover me ltd directors
Cover Me Ltd currently has 2 directors.
The longest serving directors include
Miss Rosanna Tucker (Dec 2020) and
Ms Beverley Brinkworth (Sep 2022).
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 me ltd.
cover me 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.
Click to start generating capital raising & share issue transactions for COVER ME LTD. This can take several minutes, an email will notify you when this has completed.
cover me ltdCompanies House Filings - See Documents
