The Firmwatch take
Covea Ltd is a 5-year-old south-west UK private company, dissolved. The latest filed accounts (year to 31 January 2025) show −£23k in net assets, with 1 distress signal extracted from the filing (negative net assets). Most recent public risk event: final gazette notice.
Auto-generated from filings·Refreshed 24 May 2026
3 public risk events on file
Pulse · Net assets, 2024–2025
↗ £2kIncorporated
30 June 2020
5 years on the register
Sector
Not classified
Size
Not classified
Net assets
−£23k
-£22,730
Cash at bank
Not disclosed
Not required for this filing type
Risk events
3 on file
Public Gazette / Companies House
Analytics
Risk, value and sector comparison
Insolvency risk
75/100
high risk
Estimated public-data value
-£24,388 - £0
low confidence - negative net assets visible value
Sector comparison
Sector benchmark not available yet. This appears when the company has SIC data and enough imported peer accounts.
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Accounts are ageing
The latest extracted accounts period is more than 21 months old.
Risk and value are estimates from public accounts only. They are not a credit score, valuation opinion or insolvency prediction guarantee. See methodology.
Balance sheet
Full extracted balance sheet
Cash at bank
Bank balances disclosed in the public accounts.
Not disclosed
Current assets
Assets expected to turn into cash within one year.
£1,005
Current liabilities
Amounts due within one year (short-term creditors).
£22,730
Working capital
Current assets minus current liabilities.
-£3,921
Fixed assets
Long-term tangible and intangible assets.
£9,857
Total assets less current liabilities
Fixed assets plus working capital.
£5,936
Net assets
What's left after liabilities are deducted from assets.
-£22,730
Equity (capital & reserves)
Shareholder funds.
£100
Figures extracted from the company's public XBRL/iXBRL filing. Fields shown as Not disclosed are not legally required for this filing type and are absent from the source document — they are not necessarily zero.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.