Company Overview
Coveway Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 29 July 2004, so this is a well established company. Coveway Limited has been in business for 21 years and 8 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

46 Kenilworth Road, Bridge Of Allan, Stirling, FK9 4RP
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Companies House Data
Company NameCOVEWAY LIMITED
Company NumberSC271371
Registered Office Address46 Kenilworth Road
 Bridge Of Allan
 FK9 4RP
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date29/07/2004
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date26/08/2016
Returns Last Made Up Date29/07/2015
Directors & Members
Show Resigned
Maurice Heron - Director
(British, 73 years old, born August 1953)
Appointed 31 August 2004
 Active
Neil McGuire - Director
(British, 58 years old, born February 1968)
Appointed 31 August 2004
 Active
Christopher Nairn - Director
(British, 66 years old, born February 1960)
Appointed 31 August 2004
 Active
Peter Stewart - Director
(British, 57 years old, born July 1969)
Appointed 31 August 2004
 Active
Secretaries
Show Resigned
Maurice Heron - Secretary
(British)
Appointed 31 August 2004
 Active
Other Company Directorships
Maurice Heron
AVIEMORE MOUNTAIN LODGES LIMITED
CAIRN HOTELS (BRIDGE OF ALLAN) LIMITED (THE)
CLANBRIDGE LIMITED
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Neil McGuire
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MCGUIRE BROTHERS LTD
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Christopher Nairn
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NAIRNS ANYWHERE LIMITED
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STIRLING ALBION FOOTBALL AND ATHLETIC CLUB LIMITED
Peter Stewart
DUNAVERIG LTD.
SCOTTISH STONE GROUP LIMITED
TRADSTOCKS CONSTRUCTION LTD.
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TRADSTOCKS WESTWOOD LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 751,139 751,139 751,529
Current Assets 77,866 77,866 107,741
Creditors Due Within One Year 116,203 116,203 111,033
Working Cap -38,337 -38,337 -3,292
Total Assets Less Current Liabilities 712,802 712,802 748,237
Long-term Liabilities 297,140 297,140 347,138
Net Assets 415,662 415,662 401,099
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 415,662 415,662 401,099
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 90.6% 90.6% 87.5%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand 9.4% 9.4% 12.5%
Current Assets 9.4% 9.4% 12.5%
Creditors Due Within One Year 14.0% 14.0% 12.9%
Net Current Assets Liabilities -4.6% -4.6% -0.4%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 50.1% 50.1% 46.7%
Capital Employed - - -
Total Assets Less Current Liabilities 86.0% 86.0% 87.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.7 0.7 1.0
Solvency Ratio 2.0 2.0 1.9
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 6
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 4
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 829,005 829,005 859,270
Debt 413,343 413,343 458,171
Net Assets/Debt 415,662 415,662 401,099

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around FK9 4RP
PICTURE THE POSSIBLE LTD
44 Kenilworth Road Bridge Of Allan, Stirling, FK9 4RP
Document Filings
Change of details for Mr Christopher Roy Sutherland Nairn as a person with significant control on 1 April 2025
Change of details for Mr Maurice Heron as a person with significant control on 1 April 2025
Confirmation statement made on 1 April 2025 with no updates
Notification of Christopher Roy Sutherland Nairn as a person with significant control on 1 April 2024
Confirmation statement made on 1 April 2024 with updates
Termination of appointment of Nicholas Cameron Abell Nairn as a director on 28 March 2024
Registered office address changed from Kings Park House Laurelhill Business Park Stirling FK7 9JQ Scotland to 46 Kenilworth Road Bridge of Allan Stirling FK9 4RP on 26 February 2024
Confirmation statement made on 29 July 2023 with no updates
Registered office address changed from 15 Gladstone Place Stirling FK8 2NN Scotland to Kings Park House Laurelhill Business Park Stirling FK7 9JQ on 7 September 2022
Confirmation statement made on 29 July 2022 with updates
Cancellation of shares. Statement of capital on 2 February 2022
Purchase of own shares.
Termination of appointment of Ian Fleming as a director on 1 February 2022
Confirmation statement made on 29 July 2021 with no updates
Confirmation statement made on 29 July 2020 with no updates
Registered office address changed from C/O Campbell Dallas Llp Titanium 1 King's Inch Place Glasgow G51 4BP to 15 Gladstone Place Stirling FK8 2NN on 18 March 2020
Satisfaction of charge 3 in full
Confirmation statement made on 29 July 2019 with no updates
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