COVERMY LTD

🌳Matureactive
07757031 · ltd · incorporated 2011-08-31
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 5.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 5.7y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (83/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 7 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees273300

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 (33 events)Click to expand
  1. 2025-10-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-10-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-05-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-03-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-03-27
    🔓
    Charge satisfied #1
  7. 2024-11-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-02-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-12-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-12-13
    ➖
    HARRIS, Martin resigned
    director
  13. 2023-10-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2023-10-10
    ➕
    THOMPSON, Daniel Jamie appointed
    director
  15. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-09-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  19. 2021-09-09
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2021-05-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-05-05
    ➖
    HOY, Robert Charles resigned
    director
  22. 2020-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  23. 2020-11-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2020-11-02
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  25. 2019-05-13
    ➕
    HOY, Robert Charles appointed
    director
  26. 2014-11-19
    ➖
    WATERMAN, Gareth Elliott resigned
    director
  27. 2014-07-01
    ➕
    CROSS, Richard Dominic appointed
    director
  28. 2014-07-01
    ➕
    WATERMAN, Gareth Elliott appointed
    director
  29. 2013-12-31
    ➖
    HARRIS, Jeffrey resigned
    director
  30. 2011-08-31
    🏢
    Company incorporated
    As COVERMY LTD
  31. 2011-08-31
    ➕
    DODDS, Paul Gavin appointed
    director
  32. 2011-08-31
    ➕
    HARRIS, Jeffrey appointed
    director
  33. 2011-08-31
    ➕
    HARRIS, Martin appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

63/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 15 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Covermy Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Covermy Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
COVERMY LTD
This company · 07757031

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Covermy Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Mr Paul Gavin Dodds
Individual · British · DOB 03/1963 · age 63
——sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mr Martin Harrisceased 13/12/2023· significant influence

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
Incorporated2011-08-31
Jurisdictionengland-wales
Primary SIC65120 — Non-life insurance

Registered office

Number One
Station Approach
Harlow
CM20 2FB
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (3 active · 4 resigned)

CROSS, Richard Dominic→
director · ~52y · appointed 2014-07-01
View their other companies + combined net worth →
Active
DODDS, Paul Gavin→
director · ~63y · appointed 2011-08-31
View their other companies + combined net worth →
Active
THOMPSON, Daniel Jamie→
director · ~36y · appointed 2023-10-10
View their other companies + combined net worth →
Active
HARRIS, Jeffrey→
director · ~88y · appointed 2011-08-31 · resigned 2013-12-31
Resigned
HARRIS, Martin→
director · ~62y · appointed 2011-08-31 · resigned 2023-12-13
Resigned
HOY, Robert Charles→
director · ~45y · appointed 2019-05-13 · resigned 2021-05-05
Resigned
WATERMAN, Gareth Elliott→
director · ~46y · appointed 2014-07-01 · resigned 2014-11-19
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Barclays
Barclays Security Trustee Limited
A registered charge—02/11/202027/03/2025

Recent filings (70 total)

change-person-director-company-with-change-date
officers · CH01
2025-10-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-01
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-02-01
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-14
appoint-person-director-company-with-name-date
officers · AP01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05