COVENCO LTD
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Cash
£1.6m
+132.4% highest in 3 filed years
Net assets
£1.3m
-3.1% lowest in 3 filed years
Employees
54
-1.8% lowest in 3 filed years
Profit before tax
£621k
+1,326.9% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,368,937 | £12,378,845 | £13,175,248 | +6.4% | |
| Operating profit | -£302,522 | -£21,261 | £605,028 | +2,945.7% | |
| Profit before tax | -£313,049 | -£50,612 | £620,976 | +1,326.9% | |
| Net profit | -£329,717 | -£43,887 | £296,259 | +775% | |
| Cash | £375,174 | £693,820 | £1,612,364 | +132.4% | |
| Total assets less current liabilities | £1,478,124 | £1,434,293 | £1,373,327 | -4.3% | |
| Net assets | £1,347,646 | £1,298,318 | £1,258,357 | -3.1% | |
| Equity | £1,347,646 | £1,298,318 | £1,258,357 | -3.1% | |
| Average employees | 66 | 55 | 54 | -1.8% | |
| Wages | £3,925,652 | £3,617,871 | £3,582,327 | -1% | |
| Directors' remuneration | £437,331 | £448,996 | £436,385 | -2.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -2.1% | -0.2% | 4.6% | |
| Net margin | -2.3% | -0.4% | 2.2% | |
| Return on capital employed | -20.5% | -1.5% | 44.1% | |
| Gearing (liabilities / total assets) | — | 77.4% | 78.3% | |
| Current ratio | 0.95x | 0.93x | 1.19x | |
| Interest cover | -28.74x | -0.72x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- COVENCO LTD 2023-03-13 → present
- COVENCO (U.K.) LIMITED 1989-12-01 → 2023-03-13
- DIBLIT LIMITED 1989-02-23 → 1989-12-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Barnes Roffe Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on their assessment, the directors have a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- COVENCO LTD · parent
- Covenco Inc 100%
- Covenco Technologies S.L.U 100%
- Covenco DK Aps 100%
- Tecnologia Aplicada Spain S.L 100%
- Covenco365 Limited 88%
Significant events
- “In January 2026, Covenco Ltd acquired the remaining shareholding of Covenco 365 Limited, bringing its ownership of Covenco 365 Limited to 100%. The consideration was in the form of the issuance of 650 Ordinary E shares of £0.01 each in Covenco Ltd to the remaining shareholder in Covenco 365 Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CREASEY, Mark Howard | Secretary | — | — | British |
| CREASEY, Mark Howard | Director | — | Feb 1965 | British |
| HOLLINGSWORTH, Steven David | Director | 2001-07-01 | Feb 1972 | British |
| SHORT, Jonathan Foster William | Director | 2020-01-01 | Oct 1967 | British |
| TROUP, Maurice John | Director | 2001-07-01 | Jan 1973 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLYNN, Peter Michael | Director | 2013-03-01 | 2021-05-19 |
| OCONNELL, Simon Howard | Director | — | 2023-11-08 |
| TURNER, Mark John | Director | 2003-08-01 | 2019-01-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Emma Louise Creasey | Individual | Shares 25–50%, Voting 25–50% | 2023-04-25 | Active |
| Mr Mark Howard Creasey | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Simon Howard Oconnell | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-10 MA Memorandum articles
- 2026-02-02 RESOLUTIONS Resolution
- 2025-07-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-04 | AA | accounts | Accounts with accounts type group | |
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-10 | MA | incorporation | Memorandum articles | |
| 2026-02-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-27 | SH01 | capital | Capital allotment shares | |
| 2025-08-14 | AA | accounts | Accounts with accounts type group | |
| 2025-07-17 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-07-14 | SH20 | capital | Legacy | |
| 2025-07-14 | CAP-SS | insolvency | Legacy | |
| 2025-07-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type group | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-20 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-01-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.