covemist limited
covemist limited Company Information
Company Number
SC519711
Next Accounts
May 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
iain reid
fiona reid
View AllGroup Structure
View All
Contact
Registered Address
radleigh house 1 golf road, clarkston, glasgow, G76 7HU
Website
-covemist limited Estimated Valuation
Pomanda estimates the enterprise value of COVEMIST LIMITED at £194.6k based on a Turnover of £186.2k and 1.05x industry multiple (adjusted for size and gross margin).
covemist limited Estimated Valuation
Pomanda estimates the enterprise value of COVEMIST LIMITED at £593.4k based on an EBITDA of £133.2k and a 4.45x industry multiple (adjusted for size and gross margin).
covemist limited Estimated Valuation
Pomanda estimates the enterprise value of COVEMIST LIMITED at £4.9m based on Net Assets of £3.9m and 1.26x industry multiple (adjusted for liquidity).
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Covemist Limited Overview
Covemist Limited is a live company located in glasgow, G76 7HU with a Companies House number of SC519711. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2015, it's largest shareholder is iain reid with a 31% stake. Covemist Limited is a young, micro sized company, Pomanda has estimated its turnover at £186.2k with healthy growth in recent years.
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Covemist Limited Health Check
Pomanda's financial health check has awarded Covemist Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £186.2k, make it smaller than the average company (£18.8m)
- Covemist Limited
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.6%)
- Covemist Limited
8.6% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
- Covemist Limited
34.9% - Industry AVG
Profitability
an operating margin of 68.2% make it more profitable than the average company (4.6%)
- Covemist Limited
4.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (105)
1 - Covemist Limited
105 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)
- Covemist Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £186.2k, this is equally as efficient (£186.2k)
- Covemist Limited
£186.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Covemist Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Covemist Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Covemist Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2877 weeks, this is more cash available to meet short term requirements (14 weeks)
2877 weeks - Covemist Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.3%, this is a lower level of debt than the average (69.5%)
0.3% - Covemist Limited
69.5% - Industry AVG
COVEMIST LIMITED financials
Covemist Limited's latest turnover from August 2023 is estimated at £186.2 thousand and the company has net assets of £3.9 million. According to their latest financial statements, Covemist Limited has 1 employee and maintains cash reserves of £587.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | |||||||
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 0 | |||||||
| Gross Profit | 0 | |||||||
| Admin Expenses | 0 | |||||||
| Operating Profit | 0 | |||||||
| Interest Payable | 0 | |||||||
| Interest Receivable | 0 | |||||||
| Pre-Tax Profit | 206,340 | |||||||
| Tax | 0 | |||||||
| Profit After Tax | 206,340 | |||||||
| Dividends Paid | 0 | |||||||
| Retained Profit | 206,340 | |||||||
| Employee Costs | 0 | |||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | |||
| EBITDA* | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 815,595 | 508,006 | 503,517 | 497,527 | 487,560 | 489,620 | 493,404 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,432,957 | 1,882,577 | 1,402,066 | 493,666 | 53,616 | 31,316 | 6,250 | 6,250 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,248,552 | 2,390,583 | 1,905,583 | 991,193 | 541,176 | 520,936 | 499,654 | 6,250 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 2,000 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 71,114 | 255,630 | 69,307 | 68,700 | 133,333 | 1 | 1,101 | 1 |
| Cash | 587,621 | 1,122,554 | 296,275 | 701,330 | 828,876 | 134,295 | 59,352 | 206,339 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 658,735 | 1,378,184 | 365,582 | 770,030 | 964,209 | 134,296 | 60,453 | 206,340 |
| total assets | 3,907,287 | 3,768,767 | 2,271,165 | 1,761,223 | 1,505,385 | 655,232 | 560,107 | 212,590 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 10,915 | 2,954 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,619 | 999 | 13,350 | 2,232 | 1,000 | 9,979 | 133,252 | 0 |
| total current liabilities | 10,619 | 999 | 13,350 | 13,147 | 3,954 | 9,980 | 133,253 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,619 | 999 | 13,350 | 13,147 | 3,954 | 9,980 | 133,253 | 0 |
| net assets | 3,896,668 | 3,767,768 | 2,257,815 | 1,748,076 | 1,501,431 | 645,252 | 426,854 | 212,590 |
| total shareholders funds | 3,896,668 | 3,767,768 | 2,257,815 | 1,748,076 | 1,501,431 | 645,252 | 426,854 | 212,590 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 0 | |||||||
| Depreciation | 6,248 | 5,882 | 4,973 | 3,180 | 3,310 | 3,784 | 1,230 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -184,516 | 186,323 | 607 | -66,633 | 135,332 | -1,100 | 1,100 | 1 |
| Creditors | 0 | 0 | 0 | 0 | -1 | 0 | 1 | 0 |
| Accruals and Deferred Income | 9,620 | -12,351 | 11,118 | 1,232 | -8,979 | -123,273 | 133,252 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 550,380 | 480,511 | 908,400 | 440,050 | 22,300 | 25,066 | 0 | 6,250 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -10,915 | 7,961 | 2,954 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | |||||||
| cash flow from financing | 6,250 | |||||||
| cash and cash equivalents | ||||||||
| cash | -534,933 | 826,279 | -405,055 | -127,546 | 694,581 | 74,943 | -146,987 | 206,339 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -534,933 | 826,279 | -405,055 | -127,546 | 694,581 | 74,943 | -146,987 | 206,339 |
covemist limited Credit Report and Business Information
Covemist Limited Competitor Analysis
Perform a competitor analysis for covemist limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in G76 area or any other competitors across 12 key performance metrics.
covemist limited Ownership
COVEMIST LIMITED group structure
Covemist Limited has no subsidiary companies.
Ultimate parent company
COVEMIST LIMITED
SC519711
covemist limited directors
Covemist Limited currently has 2 directors. The longest serving directors include Mr Iain Reid (Nov 2015) and Ms Fiona Reid (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Iain Reid | 56 years | Nov 2015 | - | Director | |
| Ms Fiona Reid | United Kingdom | 50 years | Sep 2023 | - | Director |
P&L
August 2023turnover
186.2k
+10%
operating profit
127k
0%
gross margin
35%
+0.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
3.9m
+0.03%
total assets
3.9m
+0.04%
cash
587.6k
-0.48%
net assets
Total assets minus all liabilities
Similar Companies
covemist limited company details
company number
SC519711
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
November 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
O'HARAS
auditor
-
address
radleigh house 1 golf road, clarkston, glasgow, G76 7HU
Bank
-
Legal Advisor
-
covemist 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 covemist limited.
covemist 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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covemist limited Companies House Filings - See Documents
| date | description | view/download |
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