Covern Ltd.
Registered name: COVERN LTD.
Covern Ltd. made £1 revenue and £45k profit in the year to 28 Feb 2026.
Covern Ltd.’s revenue was £1 in the year to 28 Feb 2026, with £45k profit and 0 employees. The company is classified under “agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 28 Feb 2024 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | — | £1 | £1 |
| Profit after tax | — | — | — | −£3 | £45k |
| Profit (best available) | — | — | — | −£3 | £45k |
| Staff costs | — | — | — | £1 | £1 |
| Employees (average) | 0 | 0 | 0 | 0 | 0 |
| Ratios | |||||
| Profit margin | — | — | — | −300% | 4499700% |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | — | 0% |
| Balance sheet — indirect signals, not revenue | |||||
| Net assets | £45.5k | £56k | £42k | £42k | £0 |
| Fixed assets | £4k | £0 | £0 | £0 | £0 |
| Current assets | £4k | £3k | £3k | £3k | £0 |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 4499700%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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.
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
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £0
Sources
Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £45k), from the Companies House accounts bulk data published Mar 2026. 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.