COVERYS CAPITAL NO. 2 LIMITED
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Cash
—
Latest balance sheet
Net assets
-£33k
-15.2% vs 2024
Employees
0
Average over period
Profit before tax
-£4.3k
-112% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The Directors do not consider the Company to be a going concern as the Company has sold or returned all the capacity and will not be underwriting on any new years of account going forward. Accordingly, the Financial Statements have been prepared on a break up basis.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Financials 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 |
|---|---|---|---|---|---|
| Gross written premiums | £0 | £0 | — | — | |
| Net earned premiums | £0 | £0 | — | — | |
| Claims incurred | £0 | £0 | — | — | |
| Investment return | £159 | £28,938 | £870 | -97% | |
| Profit before tax | £7,146 | £35,940 | -£4,327 | -112% | |
| Net profit | £0 | £20,193 | -£4,327 | -121.4% | |
| Insurance contract liabilities | £51,937,819 | £0 | — | — | |
| Total assets | £36,173,968 | £20,928 | £11,816 | -43.5% | |
| Total liabilities | £36,222,560 | £49,327 | £44,542 | -9.7% | |
| Equity | -£48,592 | — | — | — | |
| Average employees | 0 | 0 | 0 | — |
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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 100.1% | 235.7% | 377.0% |
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 1 time since incorporation
- COVERYS CAPITAL NO. 2 LIMITED 2018-08-31 → present
- R&Q CAPITAL NO. 2 LIMITED 2012-11-22 → 2018-08-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Directors do not consider the Company to be a going concern as the Company has sold or returned all the capacity and will not be underwriting on any new years of account going forward. Accordingly, the Financial Statements have been prepared on a break up basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARGENTA SECRETARIAT LIMITED | Corporate Secretary | 2018-08-29 | — | — |
| BELL, Michael | Director | 2024-06-03 | Sep 1962 | British |
| BOWLES, David Charles | Director | 2022-08-15 | Aug 1968 | British |
| RAFTOPOULOS, Stefan | Director | 2024-06-03 | Jan 1971 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| R&Q CENTRAL SERVICES LIMITED | Corporate Secretary | 2013-11-26 | 2018-08-29 |
| R&Q SECRETARIES LIMITED | Corporate Secretary | 2012-11-22 | 2013-11-26 |
| BOOTH, Thomas Alexander | Director | 2012-11-22 | 2018-01-05 |
| COLTHURST, Henry Nicholas | Director | 2012-11-22 | 2018-08-29 |
| GLOVER, Michael Logan | Director | 2018-01-19 | 2018-08-29 |
| MACKAY, James Anthony | Director | 2018-08-29 | 2019-03-29 |
| MCCOY, Robin Edward | Director | 2018-08-29 | 2021-07-01 |
| MILLS, Todd Colin | Director | 2018-08-29 | 2024-05-21 |
| QUILTER, Alan Kevin | Director | 2012-11-23 | 2018-08-29 |
| RANDALL, Kenneth Edward | Director | 2013-07-04 | 2018-08-29 |
| VERZIN, Heather Roberta Mckinlay | Director | 2015-01-14 | 2015-09-10 |
| WEBB, Michael William | Director | 2019-03-29 | 2022-08-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Coverys Uk Holding Co. Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-08-29 | Ceased 2018-08-29 |
| Randall & Quilter Ii Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-08-29 |
| Mr Kenneth Edward Randall | Individual | Significant influence | 2016-04-06 | Ceased 2018-08-29 |
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-09 | AA | accounts | Accounts with accounts type full | |
| 2021-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-22 | AA | accounts | Accounts with accounts type full | |
| 2021-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-13 | AA | accounts | Accounts with accounts type full | |
| 2020-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.