Coeval Limited

Coeval Ltd from Glasgow UK: small company, holding company, active status, founded 38 years ago, 13 employees, £2,056,092 assets, virtual address, 3 directors, 3 owners. Regular importer of electrical machinery and equipment (49 months imported). Regular exporter of electrical machinery and equipment (3 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the manufacture of other transport equipment n.e.c., the manufacture of consumer electronics, the other business support service activities n.e.c. industries. Officially, it has three owners or PSCs, three directors, and thirteen employees.

While the company’s website is non-existent, its financial reports paint a picture of a business navigating a period of change. Net assets have fallen significantly, dropping 73% to just £9,600. Bank borrowings have increased dramatically, jumping 2,400% to £29,000, while cash reserves have plummeted 68% to £15,000. Despite these challenges, the company’s gross profit has increased by 26%, reaching £1.2 million, and director remuneration has risen by 22%, hitting £110,000. This suggests a focus on top-line growth, but also increased expenses.

The company’s creditors have decreased by 11%, which is a positive sign, and trade debtors have fallen by 7.9%, which could indicate better debt management. However, the significant drop in equity – falling 99% to just -£450 – is a worrying trend. The company’s small size and virtual address, shared with 4,450 other businesses, may contribute to lower overheads, but also raise questions about its long-term stability. The lack of an auditor mentioned suggests it’s likely exempt as a small company, meaning the figures rely on unaudited statements.

Overall, Coeval Ltd appears to be in a transitional phase, balancing growth with financial pressures. The company’s holding company structure and regular import/export activity suggest a complex business model, but the declining equity and increased borrowing raise concerns about its future financial health.

Registered in Scotland under the registration number SC103497, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.