cove communities residential uk holdco limited
cove communities residential uk holdco limited Company Information
Company Number
13998329
Next Accounts
Sep 2025
Shareholders
cove communities residential investments limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
1 bartholomew lane, london, EC2N 2AX
Website
-cove communities residential uk holdco limited Estimated Valuation
Pomanda estimates the enterprise value of COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED at £51.2m based on a Turnover of £13.1m and 3.92x industry multiple (adjusted for size and gross margin).
cove communities residential uk holdco limited Estimated Valuation
Pomanda estimates the enterprise value of COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED at £24.6m based on an EBITDA of £3.2m and a 7.66x industry multiple (adjusted for size and gross margin).
cove communities residential uk holdco limited Estimated Valuation
Pomanda estimates the enterprise value of COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED at £2m based on Net Assets of £1.2m and 1.75x industry multiple (adjusted for liquidity).
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Cove Communities Residential Uk Holdco Limited Overview
Cove Communities Residential Uk Holdco Limited is a live company located in london, EC2N 2AX with a Companies House number of 13998329. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2022, it's largest shareholder is cove communities residential investments limited with a 100% stake. Cove Communities Residential Uk Holdco Limited is a startup, mid sized company, Pomanda has estimated its turnover at £13.1m with unknown growth in recent years.
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Cove Communities Residential Uk Holdco Limited Health Check
Pomanda's financial health check has awarded Cove Communities Residential Uk Holdco Limited a 3 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
2 Regular
5 Weak
Size
annual sales of £13.1m, make it larger than the average company (£1.1m)
£13.1m - Cove Communities Residential Uk Holdco Limited
£1.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Cove Communities Residential Uk Holdco Limited
- - Industry AVG
Production
with a gross margin of 56.8%, this company has a comparable cost of product (70.9%)
56.8% - Cove Communities Residential Uk Holdco Limited
70.9% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (21.5%)
-2.2% - Cove Communities Residential Uk Holdco Limited
21.5% - Industry AVG
Employees
with 37 employees, this is above the industry average (4)
37 - Cove Communities Residential Uk Holdco Limited
4 - Industry AVG
Pay Structure
on an average salary of £29.1k, the company has an equivalent pay structure (£33.1k)
£29.1k - Cove Communities Residential Uk Holdco Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £353.2k, this is more efficient (£202.7k)
£353.2k - Cove Communities Residential Uk Holdco Limited
£202.7k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (33 days)
10 days - Cove Communities Residential Uk Holdco Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (34 days)
14 days - Cove Communities Residential Uk Holdco Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 237 days, this is more than average (53 days)
237 days - Cove Communities Residential Uk Holdco Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Cove Communities Residential Uk Holdco Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.6%, this is a higher level of debt than the average (71.6%)
98.6% - Cove Communities Residential Uk Holdco Limited
71.6% - Industry AVG
COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED financials
Cove Communities Residential Uk Holdco Limited's latest turnover from December 2023 is £13.1 million and the company has net assets of £1.2 million. According to their latest financial statements, Cove Communities Residential Uk Holdco Limited has 37 employees and maintains cash reserves of £981.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 13,069,351 | 11,003,192 |
| Other Income Or Grants | ||
| Cost Of Sales | 5,645,460 | 3,922,636 |
| Gross Profit | 7,423,891 | 7,080,556 |
| Admin Expenses | 7,712,532 | 6,490,029 |
| Operating Profit | -288,641 | 590,527 |
| Interest Payable | 4,193,763 | 1,783,469 |
| Interest Receivable | 5,538 | 416,197 |
| Pre-Tax Profit | -4,476,866 | -776,745 |
| Tax | 646,672 | -123,838 |
| Profit After Tax | -3,830,194 | -900,583 |
| Dividends Paid | ||
| Retained Profit | -3,830,194 | -900,583 |
| Employee Costs | 1,075,485 | 936,814 |
| Number Of Employees | 37 | 27 |
| EBITDA* | 3,214,651 | 3,722,193 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 56,340,476 | 57,568,144 |
| Intangible Assets | 9,434,657 | 10,769,596 |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 65,775,133 | 68,337,740 |
| Stock & work in progress | 3,673,746 | 2,611,046 |
| Trade Debtors | 366,315 | 367,619 |
| Group Debtors | 11,605,789 | 1,195,734 |
| Misc Debtors | 179,701 | 923,181 |
| Cash | 981,862 | 1,070,746 |
| misc current assets | ||
| total current assets | 16,807,413 | 6,168,326 |
| total assets | 82,582,546 | 74,506,066 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 229,410 | 81,605 |
| Group/Directors Accounts | 24,443,050 | 13,246,263 |
| other short term finances | 39,171,364 | |
| hp & lease commitments | ||
| other current liabilities | 1,300,835 | 1,427,995 |
| total current liabilities | 65,144,659 | 14,755,863 |
| loans | 13,056,089 | 50,893,661 |
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | 2,713 | |
| provisions | 3,208,881 | 3,856,144 |
| total long term liabilities | 16,267,683 | 54,749,805 |
| total liabilities | 81,412,342 | 69,505,668 |
| net assets | 1,170,204 | 5,000,398 |
| total shareholders funds | 1,170,204 | 5,000,398 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -288,641 | 590,527 |
| Depreciation | 2,151,093 | 1,976,465 |
| Amortisation | 1,352,199 | 1,155,201 |
| Tax | 646,672 | -123,838 |
| Stock | 1,062,700 | 2,611,046 |
| Debtors | 9,665,271 | 2,486,534 |
| Creditors | 147,805 | 81,605 |
| Accruals and Deferred Income | -127,160 | 1,427,995 |
| Deferred Taxes & Provisions | -647,263 | 3,856,144 |
| Cash flow from operations | -7,493,266 | 3,866,519 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | 11,196,787 | 13,246,263 |
| Other Short Term Loans | 39,171,364 | |
| Long term loans | -37,837,572 | 50,893,661 |
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | 2,713 | |
| share issue | ||
| interest | -4,188,225 | -1,367,272 |
| cash flow from financing | 8,345,067 | 68,673,633 |
| cash and cash equivalents | ||
| cash | -88,884 | 1,070,746 |
| overdraft | ||
| change in cash | -88,884 | 1,070,746 |
cove communities residential uk holdco limited Credit Report and Business Information
Cove Communities Residential Uk Holdco Limited Competitor Analysis
Perform a competitor analysis for cove communities residential uk holdco 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 residential uk holdco limited Ownership
COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED group structure
Cove Communities Residential Uk Holdco Limited has 6 subsidiary companies.
Ultimate parent company
COVE COMMUNITIES RESIDENTIAL INVESTMENTS
#0152795
1 parent
COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED
13998329
6 subsidiaries
cove communities residential uk holdco limited directors
Cove Communities Residential Uk Holdco Limited currently has 4 directors. The longest serving directors include Mr Geoffrey Smith (Mar 2022) and Mr David Napp (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geoffrey Smith | United Kingdom | 50 years | Mar 2022 | - | Director |
| Mr David Napp | United Kingdom | 64 years | Mar 2022 | - | Director |
| Mr Darren Scutter | Jersey | 50 years | Jan 2024 | - | Director |
| Mrs Despina Don-Wauchope | 55 years | Jun 2024 | - | Director |
P&L
December 2023turnover
13.1m
+19%
operating profit
-288.6k
-149%
gross margin
56.9%
-11.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.2m
-0.77%
total assets
82.6m
+0.11%
cash
981.9k
-0.08%
net assets
Total assets minus all liabilities
Similar Companies
cove communities residential uk holdco limited company details
company number
13998329
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
March 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
cove communities venture 2 residential uk holdco limited (June 2022)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
1 bartholomew lane, london, EC2N 2AX
Bank
-
Legal Advisor
-
cove communities residential uk holdco 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 found 2 charges/mortgages relating to cove communities residential uk holdco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
cove communities residential uk holdco 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.
Click to start generating capital raising & share issue transactions for COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
cove communities residential uk holdco limited Companies House Filings - See Documents
| date | description | view/download |
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