COVALENT SOFTWARE LIMITED - Profile & Financials

Accounts Submitted 5 Feb 2024

Confirmation Statement Submitted 21 Feb 2024

Net assets £1.13M £0.00 2023 year on year

Total assets £1.13M £0.00 2023 year on year

Total Liabilities £0.00

Charges 5

5 satisfied

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Contact & Details

Contact

Update Details

Registered Address

C/O Ideagen Plc One Mere Way Ruddington Nottingham NG11 6JS England

Office (Taunton)

Exchange House, 12-14 The Crescent, Taunton TA1 4EB

Telephone

0182 332 3239

Website

covalentsoftware.com

Credit Report

Discover COVALENT SOFTWARE LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2013–2023)

Cash in Bank

N/A

Net Assets

£1.13M

Total Liabilities

N/A

Turnover

N/A

Employees

N/A

Debt Ratio

N/A

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

2 Allotments 1,956,597 Shares £20k Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
21 Jul 2023	ORDINARY	1,910,300	£19k	£0.01
5 Aug 2016	ORDINARYS NON VOTING	46,297	£515.934	£0.011

Officers

3 active 17 resigned

Show resigned officers

						Status
Benjamin Charles Dorks	Director	British	United Kingdom	51	21 Jul 2023	Active
Emma Jane Hayes	Director	British	England	45	19 Mar 2021	Active
Stephen Thompson	Secretary	Unknown	Unknown	—	19 Aug 2022	Active

Shareholders

Shareholders (1)


Ideagen Gael Limited	50.0%	50	Ordinary	21 Feb 2024

Persons with Significant Control

Persons with Significant Control (2)

2 Active

Ideagen Plc

United Kingdom

Active

Notified 5 Aug 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent

Ideagen Gael Limited

United Kingdom

Active

Notified 30 Apr 2018

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent

See All Controllers

Group Structure

IDEAGEN LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

IDEAGEN GAEL LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

RAINFOREST BIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

RAINFOREST MIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

RAINFOREST TOPCO LIMITED united kingdom shares 50 to 75 percent, voting rights 50 to 75 percent, appoint/remove directors

HG GENESIS 10 NOMINEES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

HGCAPITAL LLP united kingdom significant influence or control limited liability partnership

GROUP HOLDCO 1 LIMITED united kingdom

COVALENT SOFTWARE LIMITED Current Company

Charges

5 satisfied

Documents

Company Filings

Date	Category	Description	Document
8 Oct 2024	Gazette	Gazette Dissolved Voluntary	View(1 page)
23 Jul 2024	Gazette	Gazette Notice Voluntary	View(1 page)
16 Jul 2024	Dissolution	Dissolution Application Strike Off Company	View(1 page)
21 Feb 2024	Confirmation Statement	Confirmation statement made on 2024-02-10 with updates	View(4 pages)
5 Feb 2024	Accounts	Annual accounts made up to 2023-04-30	View(8 pages)