Pomanda estimates the enterprise value of COVERYS LIMITED at £0 based on a Turnover of £0 and 0.59x industry multiple (adjusted for size and gross margin).
coverys limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of COVERYS LIMITED at £0 based on an EBITDA of £-12k and a 6.56x industry multiple (adjusted for size and gross margin).
coverys limitedEstimated Valuation
£69.3m
Pomanda estimates the enterprise value of COVERYS LIMITED at £69.3m based on Net Assets of £44.5m and 1.56x industry multiple (adjusted for liquidity).
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Coverys LimitedOverview
Coverys Limited is a live company located in london, EC3M 5AD with a Companies House number of 14939984. It operates in the non-life insurance sector, SIC Code 65120. Founded in June 2023, it's largest shareholder is
coverys uk holding co. limited
with a 100% stake. Coverys Limited is a startup,
unknown sized company, Pomanda has estimated its turnover at
£0 with
unknown
growth in recent years.
Pomanda's financial health check has awarded Coverys Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
1 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
- - Coverys Limited
- - Industry AVG
Pay Structure
on an average salary of £96.8k, the company has an equivalent pay structure (£96.8k)
- - Coverys Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Coverys Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 192781 weeks, this is more cash available to meet short term requirements (20 weeks)
- - Coverys Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (80.2%)
- - Coverys Limited
- - Industry AVG
COVERYS LIMITED financials
EXPORT
Coverys Limited's latest turnover from December 2023 is 0 and the company has net assets of £44.5 million. According to their latest financial statements, we estimate that Coverys Limited has 1 employee and maintains cash reserves of £44.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Turnover
Other Income Or Grants
Cost Of Sales
Gross Profit
Admin Expenses
12,000
Operating Profit
-12,000
Interest Payable
Interest Receivable
13,000
Pre-Tax Profit
1,000
Tax
Profit After Tax
1,000
Dividends Paid
Retained Profit
1,000
Employee Costs
96,826
Number Of Employees
1
EBITDA*
-12,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
13,000
Cash
44,488,000
misc current assets
total current assets
44,501,000
total assets
44,501,000
Bank overdraft
Bank loan
Trade Creditors
12,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
12,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
12,000
net assets
44,489,000
total shareholders funds
44,489,000
Dec 2023
Operating Activities
Operating Profit
-12,000
Depreciation
Amortisation
Tax
Stock
Debtors
13,000
Creditors
12,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-13,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
44,488,000
interest
13,000
cash flow from financing
44,501,000
cash and cash equivalents
cash
44,488,000
overdraft
change in cash
44,488,000
coverys limited 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 coverys limited. Get real-time insights into coverys limited's credit score, group structure and payment trends.
Perform a competitor analysis for coverys limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other startup companies, companies in EC3M area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
44.5m
0%
total assets
44.5m
0%
cash
44.5m
0%
net assets
Total assets minus all liabilities
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coverys limited company details
company number
14939984
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
65120 - Non-life insurance
incorporation date
June 2023
age
2
incorporated
UK
ultimate parent company
PROMUTUAL GROUP INC
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
PRICEWATERHOUSECOOPERS LLP
auditor
-
address
25 fenchurch avenue, 1st floor, london, EC3M 5AD
Bank
-
Legal Advisor
-
coverys 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 coverys limited.
coverys 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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coverys limitedCompanies House Filings - See Documents
