COVESTA LIMITED
Opportunity 67/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-03-31 | 2023-03-31 |
|---|---|---|
| Average employees | 500 | 400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
- • 1 gazette
- • 1 dissolution
- • 1 gazette
- • 1 dissolution
- • 1 confirmation-statement
Corporate timeline (26 events)Click to expand
- 2026-05-26📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-05-15📄dissolution-application-strike-off-companydissolution · DS01
- 2024-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-26📄capital-allotment-sharescapital · SH01
- 2023-11-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-24📄memorandum-articlesincorporation · MA
- 2023-10-24📄resolutionresolution · RESOLUTIONS
- 2023-02-23➖BIENEK, Leon Paul resigneddirector
- 2023-02-23➖JANES, Peter Allen resigneddirector
- 2023-02-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-30📄capital-alter-shares-subdivisioncapital · SH02
- 2022-12-30📄memorandum-articlesincorporation · MA
- 2022-12-30📄resolutionresolution · RESOLUTIONS
- 2022-12-19📄capital-allotment-sharescapital · SH01
- 2022-12-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-05📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-03📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-08-02📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2022-06-22📄capital-allotment-sharescapital · SH01
- 2021-10-30📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2021-10-18➕CAREY - EVANS, William appointeddirector
- 2021-10-18➕ELLIOTT, Richard John appointeddirector
- 2021-10-18➕BIENEK, Leon Paul appointeddirector
- 2021-03-25🏢Company incorporatedAs COVESTA LIMITED
- 2021-03-25➕JANES, Peter Allen appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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8 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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
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