Covvi Limited

Covvi Ltd, based in Leeds, UK, is a small, active company founded seven years ago. With 19 employees and a real address, it’s a modest operation overseen by one director and owner. The company regularly imports and exports optical and medical tools and devices, with 75 months of import activity and 85 months of export activity recorded.

Covvi Ltd’s core business is robotics, specifically the manufacture and distribution of the COVVI Robotic Hand. The company’s website highlights its mission to drive innovation in robotics, developing safe and sustainable industrial practices. The COVVI Robotic Hand is positioned as a state-of-the-art, multi-articulated hand designed for complex manipulation tasks, catering to both amputee patients and industrial applications. The company emphasizes a customer-centric approach, offering expert support and a commitment to enabling dexterous manipulation capabilities within the robotics sector.

Financially, Covvi Ltd’s recent performance shows some concerning trends. While the company’s revenue is not explicitly stated, the increase in average employees from 19 to 26 suggests growth. However, cash bank on hand has fallen significantly by 71%, dropping to just £17,000. Creditors have risen by 8.7%, reaching £6.2 million, while debtors have decreased by 19%, falling to £1.1 million. Depreciation on plant machinery has increased by 50%, indicating investment in equipment, but also potentially higher operating costs. Equity has also declined by 23%, reaching -£4.2 million, which is a significant drop. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity and cash reserves suggests potential financial pressures. There’s no auditor mentioned, likely due to small company exemption.

Overall, Covvi Ltd appears to be a growing company with a niche product, but its recent financial performance raises questions about its long-term sustainability. The company's focus on innovation and customer service, combined with its specialized product, could help it navigate these challenges, but careful financial management will be crucial.

Registered in England/Wales under the registration number 10932714, with a registered address at LS10 1DJ, England, Leeds, West Yorkshire, Covvi Ltd Direct House 4 Quayside Busines Park, Hunslet.

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