COVA SECURITY GATES LIMITED Financials
- Company number
- 02108888CopyCopy
- Registered office
- Unit 11 Springvale Business Centre, Millbuck Way, Sandbach, Cheshire CW11 3HY
- Incorporated
- 11/03/1987
Company snapshot
- Status
- Active
- Employees
- 46 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-56.91%vs 20232023: £1.63M
Total Assets
-19.79%vs 20232023: £3.24M
Cash in Bank
166.04%vs 20232023: £146.63K
Total Liabilities
29.49%vs 20232023: £1.26M
Employees
0vs 20232023: 46
In 2024, COVA SECURITY GATES LIMITED reported net assets of £700.78K. The same filing shows total assets of £2.60M, cash in bank of £390.10K and total liabilities of £1.63M. Reported headcount was 46 in 2024. Net Assets fell from £1.63M in 2023 to £700.78K in 2024 (-56.91%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-56.91%from £1.63M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures COVA SECURITY GATES LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-57.8%vs 2022-35.1% a year compound (CAGR)
Cash in Bank
+210%vs 2022+76.2% a year compound (CAGR)
Total Assets
-26.1%vs 2022-14% a year compound (CAGR)
Total Liabilities
+12.3%vs 2022+6% a year compound (CAGR)
Employees
-2.1%vs 2022-1Biggest increase
Cash in Bank+210%
£125.72K in 2022 to £390.10K in 2024
Biggest decrease
Net Assets-57.8%
£1.66M in 2022 to £700.78K in 2024
COVA SECURITY GATES LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from COVA SECURITY GATES LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 26.99%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 62.74%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 23.95%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 15.02%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for COVA SECURITY GATES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 1.32M | 1.66M | 1.63M | 700.78K |
| Total Assets£ | 3.30M | 3.51M | 3.24M | 2.60M |
| Cash in Bank£ | 422.06K | 125.72K | 146.63K | 390.10K |
| Total Liabilities£ | 1.68M | 1.45M | 1.26M | 1.63M |
| Employees | 48 | 47 | 46 | 46 |
COVA SECURITY GATES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for COVA SECURITY GATES LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
COVA SECURITY GATES LIMITED reported net assets of £700.78K for 2024. That compares with £1.63M in 2023, a change of -56.91%.
COVA SECURITY GATES LIMITED reported total assets of £2.60M for 2024. That compares with £3.24M in 2023, a change of -19.79%.
COVA SECURITY GATES LIMITED reported cash in bank of £390.10K for 2024. That compares with £146.63K in 2023, a change of 166.04%.
COVA SECURITY GATES LIMITED reported 46 employees in 2024, compared with 46 in 2023.
Between 2022 and 2024, COVA SECURITY GATES LIMITED's net assets fell by 57.8%, cash in bank rose by 210%, total assets fell by 26.1% and total liabilities rose by 12.3%. Net assets contracted at 35.1% a year across the two years to 2024, from £1.66M to £700.78K. Reported headcount went from 47 in 2022 to 46 in 2024 (-1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.