COVEMIST LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 79/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £3.98M | £3.90M |
| Current assets | £613.5k | £658.7k |
| Cash | £546.1k | £587.6k |
| Debtors | £67.4k | £71.1k |
| Net assets | £3.98M | £3.90M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
Corporate timeline (18 events)Click to expand
- 2025-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-25📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2024-10-25📄capital-name-of-class-of-sharescapital · SH08
- 2024-10-23📄memorandum-articlesincorporation · MA
- 2024-10-23📄resolutionresolution · RESOLUTIONS
- 2024-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-27➕REID, Fiona Simpson appointeddirector
- 2023-09-27📄change-person-director-company-with-change-dateofficers · CH01
- 2023-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-06🏢Company incorporatedAs COVEMIST LIMITED
- 2015-11-06➕REID, Iain 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 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Iain Charles Reid Individual · British · DOB 09/1958 · age 68 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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|---|---|---|---|---|---|---|---|
| HOLYROOD STUDENT ACCOMMODATION PLC→ SC441988 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
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| IWT HOLDINGS LIMITED→ SC527575 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| J & T GILLAN (PROPERTY) LIMITED→ SC090444 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| J.J. HARRIS & SON TAXI REPAIRS (GLW) LIMITED→ SC067099 · est 1979 · no financials extracted | — | — | — | — | 47y | — | — |
| JDST LTD→ SC804044 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| JG SCOT INVESTMENTS LTD→ SC860383 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| JHEL HOLDINGS LTD→ SC835860 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JIF PROPERTY UK LIMITED→ SC740675 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| JILL DAVIDSON HOLDINGS LTD→ SC831322 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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 →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 · 0 resigned)
Click a director name to see their full track record across all companies.