COVEMOUNT LIMITED

🌳Matureactive
SC232353 · ltd · incorporated 2002-06-05
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (76/100)

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
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-03-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-01-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-03-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-03-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-03-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-06-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-03-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2019-03-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2018-03-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-03-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-06-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-03-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2015-06-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2007-10-01
    ➖
    REID, David Macpherson resigned
    director
  17. 2007-06-27
    ➕
    LOVIE, Angela appointed
    secretary
  18. 2007-06-27
    ➕
    LOVIE, Angela appointed
    director
  19. 2007-06-27
    ➕
    LOVIE, Darren appointed
    director
  20. 2007-06-27
    ➖
    REID, David Macpherson resigned
    secretary
  21. 2007-06-27
    ➖
    REID, Jacqueline resigned
    director
  22. 2005-06-04
    ➖
    CAMPBELL, James Ewan resigned
    director
  23. 2002-06-24
    ➕
    REID, David Macpherson appointed
    secretary
  24. 2002-06-24
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2002-06-24
    ➕
    CAMPBELL, James Ewan appointed
    director
  26. 2002-06-24
    ➕
    REID, David Macpherson appointed
    director
  27. 2002-06-24
    ➕
    REID, Jacqueline appointed
    director
  28. 2002-06-24
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director
  29. 2002-06-05
    🏢
    Company incorporated
    As COVEMOUNT LIMITED
  30. 2002-06-05
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  31. 2002-06-05
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

Multiple 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.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 24 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 Darren Lovie
Individual · British · DOB 12/1974 · age 52
25–50%
—25-50% shares06/04/2016
Mrs Angela Lovie
Individual · British · DOB 04/1976 · age 50
25–50%
—25-50% shares06/04/2016

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

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2002-06-05
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

9 Barbachlaw Way
Wallyford
Musselburgh
EH21 8TS
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (3 active · 6 resigned)

LOVIE, Angela→
secretary · appointed 2007-06-27
View their other companies + combined net worth →
Active
LOVIE, Angela→
director · ~50y · appointed 2007-06-27
View their other companies + combined net worth →
Active
LOVIE, Darren→
director · ~52y · appointed 2007-06-27
View their other companies + combined net worth →
Active
REID, David Macpherson→
secretary · appointed 2002-06-24 · resigned 2007-06-27
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-06-05 · resigned 2002-06-24
Resigned
CAMPBELL, James Ewan→
director · ~80y · appointed 2002-06-24 · resigned 2005-06-04
Resigned
REID, David Macpherson→
director · ~58y · appointed 2002-06-24 · resigned 2007-10-01
Resigned
REID, Jacqueline→
director · ~59y · appointed 2002-06-24 · resigned 2007-06-27
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-06-05 · resigned 2002-06-24
Resigned

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

Recent filings (67 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-dormant
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-dormant
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-09
accounts-with-accounts-type-dormant
accounts · AA
2024-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-16
accounts-with-accounts-type-dormant
accounts · AA
2023-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
accounts-with-accounts-type-dormant
accounts · AA
2022-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-05
accounts-with-accounts-type-dormant
accounts · AA
2021-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-09