correo ltd
correo ltd Company Information
Company Number
13715112
Next Accounts
Aug 2025
Industry
Sale of used cars and light motor vehicles
Shareholders
sadeer ahmed
Group Structure
View All
Contact
Registered Address
511 foleshill road, coventry, CV6 5AU
Website
-correo ltd Estimated Valuation
Pomanda estimates the enterprise value of CORREO LTD at £0 based on a Turnover of £0 and 0.29x industry multiple (adjusted for size and gross margin).
correo ltd Estimated Valuation
Pomanda estimates the enterprise value of CORREO LTD at £28 based on an EBITDA of £7 and a 3.92x industry multiple (adjusted for size and gross margin).
correo ltd Estimated Valuation
Pomanda estimates the enterprise value of CORREO LTD at £524 based on Net Assets of £168 and 3.12x industry multiple (adjusted for liquidity).
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Correo Ltd Overview
Correo Ltd is a live company located in coventry, CV6 5AU with a Companies House number of 13715112. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in November 2021, it's largest shareholder is sadeer ahmed with a 100% stake. Correo Ltd is a startup, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Correo Ltd Health Check
Pomanda's financial health check has awarded Correo Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 0 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
0 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Correo Ltd
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Employees
There is insufficient data available for this Key Performance Indicator!
- - Correo Ltd
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Correo Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 112 weeks, this is more cash available to meet short term requirements (8 weeks)
- - Correo Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.1%, this is a lower level of debt than the average (67.7%)
- - Correo Ltd
- - Industry AVG
CORREO LTD financials
Correo Ltd's latest turnover from November 2023 is estimated at 0 and the company has net assets of £168. According to their latest financial statements, we estimate that Correo Ltd has no employees and maintains cash reserves of £197 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | |
|---|---|---|
| Turnover | ||
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | ||
| Tax | ||
| Profit After Tax | ||
| Dividends Paid | ||
| Retained Profit | ||
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 197 | 290 |
| misc current assets | 62 | 1 |
| total current assets | 259 | 291 |
| total assets | 259 | 291 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 75 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 16 | 138 |
| total current liabilities | 91 | 138 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 91 | 138 |
| net assets | 168 | 153 |
| total shareholders funds | 168 | 153 |
| Nov 2023 | Nov 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 0 | 0 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | -122 | 138 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 75 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | -93 | 290 |
| overdraft | 0 | 0 |
| change in cash | -93 | 290 |
correo ltd Credit Report and Business Information
Correo Ltd Competitor Analysis
Perform a competitor analysis for correo ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other startup companies, companies in CV6 area or any other competitors across 12 key performance metrics.
correo ltd Ownership
CORREO LTD group structure
Correo Ltd has no subsidiary companies.
Ultimate parent company
CORREO LTD
13715112
correo ltd directors
Correo Ltd currently has 2 directors. The longest serving directors include Mr Zaheer Abbas (Nov 2021) and Mr Sadeer Ahmed (Nov 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Zaheer Abbas | United Kingdom | 41 years | Nov 2021 | - | Director |
| Mr Sadeer Ahmed | England | 21 years | Nov 2024 | - | Director |
P&L
November 2023turnover
0
0%
operating profit
7.2
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
168
+0.1%
total assets
259
-0.11%
cash
197
-0.32%
net assets
Total assets minus all liabilities
Similar Companies
correo ltd company details
company number
13715112
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
November 2021
age
3
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
511 foleshill road, coventry, CV6 5AU
Bank
-
Legal Advisor
-
correo 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 correo ltd.
correo 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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correo ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
