1COVER LIMITED
🌳Matureactive
05066332 · ltd · incorporated 2004-03-08
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£3.3k
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
Investor take
Special-situation opportunityDistressed financial-services with salvageable qualities — special-situations priority.
Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (65/100).
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
13 connected companies via shared directors
84
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £3,342
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£3k
~ YoY
Current Assets
£23k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £3.3k | £3.3k |
| Current assets | £23.0k | £23.0k |
| Net assets | £3.3k | £3.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-12-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-05-27📄gazette-notice-compulsorygazette · GAZ1
- 2024-11-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-31📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-05-30📄gazette-notice-compulsorygazette · GAZ1
- 2023-05-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-30📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-06-29📄gazette-notice-compulsorygazette · GAZ1
- 2020-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-03📄gazette-filings-brought-up-to-dategazette · DISS40
- 2016-03-01➖GOWER, Benjamin Charles resignedsecretary
- 2004-03-08🏢Company incorporatedAs 1COVER LIMITED
- 2004-03-08➕GOWER, Benjamin Charles appointeddirector
- 2004-03-08➕STOREY, Peter Stuart Desmond appointeddirector
- 2004-03-08➕GOWER, Benjamin Charles appointedsecretary
- 2004-03-08➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2004-03-08➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2004-03-08➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
- 2004-03-08➖WATERLOW NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
61/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-22
🔒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 →Similar companies
Active · Financial services · CB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 16203355 LTD→ 16203355 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 16PHD LTD→ 16581590 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1980 LTD→ 12592773 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 4L CAPITAL LIMITED→ 14218319 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AAG INSURANCE SERVICES LIMITED→ 10439509 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ABA COMMERCIAL SERVICES LTD→ 09530994 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ABBEXA CAPITAL LTD→ 12129610 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABSOLUTE STRATEGY RESEARCH LIMITED→ 05727405 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ACCELERATOR ADVISORY LIMITED→ 12144298 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACCUMULATE WEALTH MANAGEMENT GROUP LIMITED→ 09713789 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AE&AE LTD→ 09847331 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AEGIS CAPITAL PARTNERS LIMITED→ 16574468 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2004-03-08
Jurisdictionengland-wales
Primary SIC65120 — Non-life insurance
Registered office
24 High Street, Saffron Walden, 24
High Street
Saffron Walden
CB10 1AX
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-22OVERDUE
Last: 2025-03-08
Officers (2 active · 3 resigned)
GOWER, Benjamin Charles→
Activedirector · ~48y · appointed 2004-03-08
View their other companies + combined net worth →
STOREY, Peter Stuart Desmond→
Activedirector · ~48y · appointed 2004-03-08
View their other companies + combined net worth →
GOWER, Benjamin Charles→
Resignedsecretary · appointed 2004-03-08 · resigned 2016-03-01
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-03-08 · resigned 2004-03-08
WATERLOW NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2004-03-08 · resigned 2004-03-08
Click a director name to see their full track record across all companies.
Recent filings (72 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-04
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-11
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-31
gazette-notice-compulsory
gazette · GAZ1
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-18
gazette-filings-brought-up-to-date
gazette · DISS40
2021-06-30