covesea investments limited
covesea investments limited Company Information
Company Number
SC664690
Next Accounts
Mar 2025
Industry
Development of building projects
Shareholders
william george robertson
hilda mary robertson
Group Structure
View All
Contact
Registered Address
10 perimeter road, pinefield industrial estate, elgin, IV30 6AE
Website
-covesea investments limited Estimated Valuation
Pomanda estimates the enterprise value of COVESEA INVESTMENTS LIMITED at £287k based on a Turnover of £565k and 0.51x industry multiple (adjusted for size and gross margin).
covesea investments limited Estimated Valuation
Pomanda estimates the enterprise value of COVESEA INVESTMENTS LIMITED at £0 based on an EBITDA of £-514.1k and a 3.68x industry multiple (adjusted for size and gross margin).
covesea investments limited Estimated Valuation
Pomanda estimates the enterprise value of COVESEA INVESTMENTS LIMITED at £16.9m based on Net Assets of £12.2m and 1.38x industry multiple (adjusted for liquidity).
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Covesea Investments Limited Overview
Covesea Investments Limited is a live company located in elgin, IV30 6AE with a Companies House number of SC664690. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2020, it's largest shareholder is william george robertson with a 75% stake. Covesea Investments Limited is a young, small sized company, Pomanda has estimated its turnover at £565k with unknown growth in recent years.
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Covesea Investments Limited Health Check
Pomanda's financial health check has awarded Covesea Investments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
3 Weak
Size
annual sales of £565k, make it smaller than the average company (£2.2m)
- Covesea Investments Limited
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Covesea Investments Limited
- - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Covesea Investments Limited
26.2% - Industry AVG
Profitability
an operating margin of -91% make it less profitable than the average company (7.2%)
- Covesea Investments Limited
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Covesea Investments Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Covesea Investments Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £282.5k, this is equally as efficient (£282.5k)
- Covesea Investments Limited
£282.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Covesea Investments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Covesea Investments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Covesea Investments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32915 weeks, this is more cash available to meet short term requirements (13 weeks)
32915 weeks - Covesea Investments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.2%, this is a lower level of debt than the average (73.1%)
0.2% - Covesea Investments Limited
73.1% - Industry AVG
COVESEA INVESTMENTS LIMITED financials
Covesea Investments Limited's latest turnover from June 2023 is estimated at £565 thousand and the company has net assets of £12.2 million. According to their latest financial statements, Covesea Investments Limited has 2 employees and maintains cash reserves of £12.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| 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 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 1 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 2 | 2 | 2 |
| Cash | 12,260,919 | 12,172,008 | 12,156,097 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 12,260,921 | 12,172,010 | 12,156,099 |
| total assets | 12,260,921 | 12,172,010 | 12,156,100 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 19,370 | 3,000 | 3,000 |
| total current liabilities | 19,370 | 3,000 | 3,000 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 19,370 | 3,000 | 3,000 |
| net assets | 12,241,551 | 12,169,010 | 12,153,100 |
| total shareholders funds | 12,241,551 | 12,169,010 | 12,153,100 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 0 | 0 | 2 |
| Creditors | 0 | 0 | 0 |
| Accruals and Deferred Income | 16,370 | 0 | 3,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | -1 | 1 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 88,911 | 15,911 | 12,156,097 |
| overdraft | 0 | 0 | 0 |
| change in cash | 88,911 | 15,911 | 12,156,097 |
covesea investments limited Credit Report and Business Information
Covesea Investments Limited Competitor Analysis
Perform a competitor analysis for covesea investments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in IV30 area or any other competitors across 12 key performance metrics.
covesea investments limited Ownership
COVESEA INVESTMENTS LIMITED group structure
Covesea Investments Limited has no subsidiary companies.
Ultimate parent company
COVESEA INVESTMENTS LIMITED
SC664690
covesea investments limited directors
Covesea Investments Limited currently has 2 directors. The longest serving directors include Mrs Hilda Robertson (Jun 2020) and Mr William Robertson (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Hilda Robertson | 76 years | Jun 2020 | - | Director | |
| Mr William Robertson | Scotland | 79 years | Jun 2020 | - | Director |
P&L
June 2023turnover
565k
+4%
operating profit
-514.1k
0%
gross margin
26.2%
+6.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
12.2m
+0.01%
total assets
12.3m
+0.01%
cash
12.3m
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
covesea investments limited company details
company number
SC664690
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
10 perimeter road, pinefield industrial estate, elgin, IV30 6AE
Bank
-
Legal Advisor
-
covesea investments 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 covesea investments limited.
covesea investments 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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covesea investments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
