Covair Structures Limited

Covair Structures Ltd, based in Redhill, UK, is a small holding company with an active status, having been founded 23 years ago in 2001. The company employs nine people and holds assets valued at £2,423,996. It has a real address and is managed by three directors and two owners. A Google rating of 4.0 based on seven reviews suggests a positive customer perception. Covair Structures regularly imports iron or steel products, with the most recent import operation occurring in June 2024.

The company’s website reveals it’s a leading UK manufacturer and supplier of air domes, operating since 1982. It caters to leisure clubs, sports facilities, and schools, providing air dome solutions for football pitches, tennis courts, and swimming pools. The website showcases three product ranges: single skin polyethylene domes for seasonal use, single PVC skin domes for extreme weather, and double PVC skin domes with insulation and LED lighting. The company’s clients include David Lloyd Clubs and Virgin Active, demonstrating a focus on high-profile partnerships. It’s a very interesting business model.

Financially, Covair Structures Ltd shows a mixed picture. Current assets decreased by 4.7% to £2,400,000, while net assets increased by 3.5% to £2,000,000. Bank borrowings remained stable, and cash reserves decreased by 18% to £160,000. Trade debtors increased by 3.7% to £2,200,000. Creditors decreased by 30% to £450,000, suggesting improved debt management. The company meets two of three criteria to be considered small, with turnover under £10.2 million and assets under £5.1 million. There’s no mention of an auditor, likely due to its small size. The decrease in future minimum lease payments is also noteworthy. Overall, Covair Structures Ltd seems to be navigating a stable, if not particularly dynamic, financial position.

Registered in England/Wales under the registration number 04251700, with a registered address at RH1 1QZ, England, Redhill, Abbey House, 25 Clarendon Rd.

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