How much does Covert Matters Limited make?

Covert Matters Limited reported revenue of £51k and a loss of £28.3k in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Covert Matters Limited have?

Covert Matters Limited reported an average of 1 employee in the year to 31 Mar 2024.

Is Covert Matters Limited profitable?

No — Covert Matters Limited reported a loss of £28.3k in the year to 31 Mar 2024.

Company No. 06490896

Covert Matters LimitedDissolved

Registered name: COVERT MATTERS LIMITED

Covert Matters Limited made £51k revenue and a £28.3k loss in the year to 31 Mar 2024.

Covert Matters Limited’s revenue fell 3% to £51k in the year to 31 Mar 2024, with a loss of £28.3k and 1 employee. We hold 3 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Mar 2024

Key figures

IndependentSmall teamCapital-light

Revenue

£51k

Growth ▼2.9%

Profit

−£28.3k

Growth ▼4629%

Profit margin

−55.4%

Employees

Change 0%

Profit / employee

−£28.3k

Revenue/employee £51k

Profitable streak

0yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£134k	£52.6k	£51k
Profit after tax	£23.7k	£625	−£28.3k
Profit (best available)	£23.7k	£625	−£28.3k
Employees (average)	—	1	1
Ratios
Profit margin	17.7%	1.2%	−55.4%
Revenue per employee	—	£52.6k	£51k
Profit per employee	—	£625	−£28.3k
Growth (year on year)
Revenue growth	—	▼60.8%	▼2.9%
Profit growth	—	▼97.4%	▼4629%
Headcount growth	—	—	0%
Balance sheet — indirect signals, not revenue
Net assets	£81.5k	£50.2k	£0
Fixed assets	£39.6k	£37.2k	£0
Current assets	£71.2k	£31k	£0
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −55.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £51k; Revenue ÷ average employees.
Profit per employee: −£28.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; 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: ▼100%; Now £0
Cash at bank: —; Now —
Headcount: 0%; Now 1
Deferred income: —; Now —
Fixed assets: ▼100%; Now £0

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£28.3k), from the Companies House accounts bulk data published May 2024. Spotted an error? Request a correction.

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