How much does Covenco Ltd make?

Covenco Ltd reported revenue of £13.2m and £296k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Covenco Ltd have?

Covenco Ltd reported an average of 54 employees in the year to 31 Dec 2025.

Is Covenco Ltd profitable?

Yes — Covenco Ltd reported a profit of £296k in the year to 31 Dec 2025.

Company No. 02351331 · Incorporated 23 Feb 1989

Covenco Ltd

Registered name: COVENCO LTD

Covenco Ltd made £13.2m revenue and £296k profit in the year to 31 Dec 2025.

Covenco Ltd’s revenue grew 6% to £13.2m in the year to 31 Dec 2025, with £296k profit and 54 employees. The company is classified under “agents involved in the sale of machinery, industrial equipment, ships and aircraft” and is based in Uxbridge; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft SIC 62090Other information technology service activities

Status: Active
Location: Uxbridge, London
Age: 37 yrs · since 1989
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentDoing more with less

Revenue

£13.2m

Growth ▲6.4%

Profit

£296k

Growth —

Profit margin

2.3%

Gross 49.4%

Employees

Change ▼1.8%

Profit / employee

£5.5k

Revenue/employee £244k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.4m	£12.4m	£13.2m
Cost of sales	−£8.1m	−£6.3m	−£6.7m
Gross profit	£6.3m	£6.1m	£6.5m
Operating profit	−£303k	−£21.3k	£605k
Profit before tax	−£313k	−£50.6k	£621k
Profit after tax	−£330k	−£43.9k	£296k
Profit (best available)	−£330k	−£43.9k	£296k
Employees (average)	66	55	54
Ratios
Profit margin	−2.3%	−0.4%	2.3%
Gross margin	43.8%	48.9%	49.4%
Revenue per employee	£218k	£225k	£244k
Profit per employee	−£5k	−£798	£5.5k
Growth (year on year)
Revenue growth	—	▼13.9%	▲6.4%
Headcount growth	—	▼16.7%	▼1.8%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Aug 2025	Accounts · bulk data Aug 2025	Accounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 2.3%; Profit ÷ revenue.
Gross margin: 49.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £244k; Revenue ÷ average employees.
Profit per employee: £5.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: ▼2%; Now 54
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (1)

Covenco365 LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £296k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.