COVAC LIMITED

🌳Matureactive
03213638 · ltd · incorporated 1996-06-18
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 29.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 29.7y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 29.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
11 officers (5 active, 11 linked, 6 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Average employees1400-1300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-10-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-02-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-01-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-25
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  10. 2017-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-11-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-05-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2015-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-07-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-10-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2009-11-03
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  18. 2005-01-06
    ➕
    EMMETT, Catherine Ruth appointed
    director
  19. 2005-01-06
    ➕
    PHILLIPS, Louise appointed
    director
  20. 2002-04-26
    🔓
    Charge satisfied #1
  21. 1999-09-01
    ➕
    PHILLIPS, Craig Anthony appointed
    secretary
  22. 1999-09-01
    ➕
    PHILLIPS, Craig Anthony appointed
    director
  23. 1999-09-01
    ➖
    PHILLIPS, Craig Anthony resigned
    secretary
  24. 1999-09-01
    ➖
    PHILLIPS, Craig Anthony resigned
    director
  25. 1999-08-01
    ➖
    EMMETT, Roy resigned
    secretary
  26. 1999-08-01
    ➕
    PHILLIPS, Craig Anthony appointed
    secretary
  27. 1999-08-01
    ➖
    EMMETT, Roy resigned
    director
  28. 1996-10-02
    ➕
    EMMETT, Adrian Roy appointed
    director
  29. 1996-09-09
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  30. 1996-09-01
    ➕
    EMMETT, Roy appointed
    secretary
  31. 1996-09-01
    ➕
    EMMETT, Roy appointed
    director
  32. 1996-09-01
    ➕
    PHILLIPS, Craig Anthony appointed
    director
  33. 1996-07-31
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  34. 1996-07-31
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  35. 1996-06-18
    🏢
    Company incorporated
    As COVAC LIMITED
  36. 1996-06-18
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  37. 1996-06-18
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Adrian Roy Emmett
Individual · British · DOB 03/1965 · age 61
25–50%
—25-50% shares06/04/2016
Mr Craig Anthony Phillips
Individual · British · DOB 01/1968 · age 58
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1996-06-18
Jurisdictionengland-wales
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Eagle House
Bilton Way
Lutterworth
Leicestershire
LE17 4JA
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-07-02
Last: 2025-06-18

Officers (5 active · 6 resigned)

PHILLIPS, Craig Anthony→
secretary · appointed 1999-09-01
View their other companies + combined net worth →
Active
EMMETT, Adrian Roy→
director · ~61y · appointed 1996-10-02
View their other companies + combined net worth →
Active
EMMETT, Catherine Ruth→
director · ~59y · appointed 2005-01-06
View their other companies + combined net worth →
Active
PHILLIPS, Craig Anthony→
director · ~58y · appointed 1999-09-01
View their other companies + combined net worth →
Active
PHILLIPS, Louise→
director · ~56y · appointed 2005-01-06
View their other companies + combined net worth →
Active
EMMETT, Roy→
secretary · appointed 1996-09-01 · resigned 1999-08-01
Resigned
PHILLIPS, Craig Anthony→
secretary · appointed 1999-08-01 · resigned 1999-09-01
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 1996-06-18 · resigned 1996-07-31
Resigned
EMMETT, Roy→
director · ~89y · appointed 1996-09-01 · resigned 1999-08-01
Resigned
PHILLIPS, Craig Anthony→
director · ~58y · appointed 1996-09-01 · resigned 1999-09-01
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 1996-06-18 · resigned 1996-07-31
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Guarantee & debenture1 property03/11/2009—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property09/09/199626/04/2002
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-15