Covertswarm Limited

Covertswarm Ltd from London UK is a small holding company with an active status, founded five years ago in 2020. It employs fourteen people and holds £5,293,815 in assets. The company operates from a virtual address – a bit odd, as 537 companies are registered at the same location – and is managed by five directors, with one reported owner. It has a solid 4.0 Google rating based on five reviews. The company is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with the last import operation made in July 2024.

Covertswarm Ltd operates within the other information technology service activities industries. Its website is non-existent, which makes it difficult to understand the exact nature of its operations beyond the import activity. It’s a small company, meeting two of three conditions for classification: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Covertswarm Ltd shows some interesting trends. Cash bank on hand has increased significantly, up 450% to £3.8 million, which is good. However, accrued liabilities deferred income have also risen dramatically, increasing 210% to £1.4 million. Average number of employees has doubled, up 110% to 29, which could be linked to increased activity. Debtor amounts have increased by 190%, reaching £1.5 million, which might indicate challenges in collecting payments. Creditors have also increased significantly, up 180% to £2.1 million. The company’s net assets have increased by 560% to £3.3 million, which is a positive sign. The company’s net deferred tax liability asset has increased by 72% to £12,000. The company’s accounts are unaudited, likely due to its small size. The company's statement of financial position shows a significant increase in equity, up 560% to £3.3 million.

It’s clear that Covertswarm Ltd is experiencing growth, but also facing increased financial obligations. The rapid expansion in both assets and liabilities suggests the company is investing heavily, possibly to support its import operations or expand its services. The lack of a website and the virtual address raise questions about its transparency, but the positive Google rating indicates a satisfactory level of customer service.

Registered in England/Wales under the registration number 12564314, with a registered address at EC3V 3NG, England, London, International House, 36-38 Cornhill.

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