COVE RETAILERS LTD
🌿Early-stageactive
SC713935 · ltd · incorporated 2021-11-02
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£128.4k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 53100Postal activities under universal service obligation
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 2.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 2.5 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £128,374
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£128k
↑ 71% YoY
Current Assets
£110k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £312.4k | £308.6k |
| Current assets | £110.2k | £109.5k |
| Net assets | £128.4k | £75.1k |
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
4
filings
- • 2 mortgage
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
- 2026-01-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-05🔒Charge registered #2Lender: Barclays Security Trustee Limited
- 2025-11-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-26🔓Charge satisfied #1
- 2025-11-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-04📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-11-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-23🔒Charge registered #1Lender: The Happy Barber Limited
- 2023-07-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-11-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-07✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2021-11-02🏢Company incorporatedAs COVE RETAILERS LTD
- 2021-11-02➕BONTHU, Sree Sirisha appointeddirector
- 2021-11-02➕NARNE, Lakshmi Prasanna appointeddirector
- 2021-11-02📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Lakshmi Prasanna Narne Individual · British · DOB 05/1995 · age 31 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 02/11/2021 |
Mrs Sree Sirisha Bonthu Individual · British · DOB 08/1986 · age 40 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 02/11/2021 |
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 →Similar companies
Active · Retail · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| D & G ABERDEEN LIMITED→ SC265500 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| D & M GRAY LIMITED→ SC428662 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| DE-GLORY ABERDEEN LTD→ SC835386 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DEE AND DON PROPERTIES LTD→ SC768380 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DEESIDE DELI LTD→ SC596758 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DEESIDE LOG CABINS LTD→ SC317163 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| DEESIDE LUXURY LIVING LIMITED→ SC843959 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DEKMAR LTD→ SC244944 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| DENBURN HEALTHCARE LIMITED→ SC817713 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DESA TRADING LTD→ SC648826 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| DESERT RUGS GALLERY LTD→ SC828370 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DESIGN BY CODE LIMITED→ SC857656 · 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
Incorporated2021-11-02
Jurisdictionscotland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered office
5 Loirston Road
Cove Bay
Aberdeen
AB12 3NT
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14
Officers (2 active · 0 resigned)
BONTHU, Sree Sirisha→
Activedirector · ~40y · appointed 2021-11-02
View their other companies + combined net worth →
NARNE, Lakshmi Prasanna→
Activedirector · ~31y · appointed 2021-11-02
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 05/01/2026 | — | |
| satisfied | The Happy Barber The Happy Barber Limited | A registered charge | 1 property | 23/10/2023 | 26/11/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (16 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-06
change-account-reference-date-company-current-extended
accounts · AA01
2024-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-02
accounts-with-accounts-type-dormant
accounts · AA
2023-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-24
certificate-change-of-name-company
change-of-name · CERTNM
2022-03-07