COVOYA LTD

THE ADELPHI LEVEL 5, 1-11 JOHN ADAM STREET, LONDON, WC2N 6HT

Previous name: OLAM SPECIALTY COFFEE EUROPE LTD (changed on 07-Nov-2022)
Previous name: SCHLUTER LTD (changed on 04-Jun-2018)

Company Number: 06955104
Incorporation date: 07-Jul-2009
Status: Active
Entity type: Private Limited Company

SIC codes:
10832 Production of coffee and coffee substitutes





SUMMARY

This company is 14.7 years old and is currently active. It is controlled by Ofi Group Limited. The company has negative equity (net assets) of GBP -778 thousand which has worsened since the previous year's figure of GBP 104.5 thousand. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -788.1 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 3 other companies, 1 (33.3%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2022 GBP -317,076 882,447
31-Dec-2021 GBP 20,248,736 -222,237 -43,378 178,859
31-Dec-2020 GBP 22,211,061 137,310 -72 27,388 109,994
31-Dec-2019 GBP 20,665,857 22,944 3 4,280 18,661
31-Dec-2018 GBP 21,182,602 -53,412 -1,215 -9,615 -42,582
31-Dec-2017 GBP 11,095,563 248,780 18,541 48,582 181,657
31-Dec-2016 GBP 1,594,580 133,333 28,502 21,960 82,871


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2022 GBP 1,027,540 11,919,165 12,722,467 10,100 -788,051 -777,951
31-Dec-2021 GBP 1,744,413 9,517,618 9,448,480 10,100 94,396 104,496
31-Dec-2020 GBP 994,117 11,381,220 11,143,702 10,100 273,255 283,355
31-Dec-2019 GBP 408,652 8,567,723 8,406,720 10,100 163,261 173,361
31-Dec-2018 GBP 375,170 9,233,917 9,088,345 10,100 144,600 154,700
31-Dec-2017 GBP 739,806 6,647,078 6,463,233 10,100 187,182 197,282
31-Dec-2016 GBP 97,157 1,092,467 1,085,478 10,100 5,525 15,625

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Ian Peter HASLEGRAVE 26 Oct 2022 28 Mar 2024 1 - 0
Resigned Philip Michael SCHLUTER 07 Jul 2009 26 Oct 2022 British 3 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Thomas GREGERSEN 20 Dec 2016 Senior Vice President & Coffee Trader Danish 1 - 00 (0.0%)
Resigned Michael Gerald Galton, Dr SCHLUTER 01 Sep 2010 20 Oct 2016 Director British 3 - 83 (27.3%)
Active Philip Michael SCHLUTER 07 Jul 2009 Coffee Trader British 3 - 22 (40.0%)
Resigned Jeremy John Elton LEFROY 07 Jul 2009 07 May 2010 Director British 10 - 145 (20.8%)
Number of active directors: 2
Average tenure of active directors: 11.0 years
Average tenure of resigned directors: 3.5 years
Average active director Dissolution Rate: 20.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
TRANSPARENT COFFEE LIMITED (06706803) - Dissolved
COVOYA LTD (06955104) - Active
IKAWA LTD (07133409) - Active
BUFFALOGRID LTD (07858813) - In Administration

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2017-07-072016-07-072015-07-072014-07-072013-07-07
SCHLUTER SAORDINARY10,000
99.0%
10,000
99.0%
10,000
99.0%
10,000
99.0%
10,000
99.0%
SCHLUTER SAA ORDINARY100
0.990%
0
0%
0
0%
0
0%
0
0%
PHILIP MICHAEL SCHLUTERA ORDINARY0
0%
50
0.495%
0
0%
0
0%
0
0%
HELEN SCHLUTERA ORDINARY0
0%
50
0.495%
50
0.495%
50
0.495%
50
0.495%
PHILIP MICHAEL SCHLUTERAORDINARY0
0%
0
0%
50
0.495%
50
0.495%
50
0.495%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

COVOYA LTD

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 10832 Production of coffee and coffee substitutes)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
COSTA LIMITED 3 KNAVES BEECH BUSINESS CENTRE DAVIES WAY, LOUDWATER, HIGH WYCOMBE, BUCKINGHAMSHIRE, ENGLAND, HP10 9QR 01270695 2018-03-01 951,684,000 74,118,000 56101-Licensed restaurants
LAVAZZA PROFESSIONAL UK LIMITED ARMSTRONG ROAD, BASINGSTOKE, HAMPSHIRE, UNITED KINGDOM, RG24 8NU 06649987 2017-12-30 94,977,000 3,813,000
COLEMAN COFFEE ROASTERS LIMITED FERN VERROW, NEWTON ST. MARGARETS, HEREFORD, ENGLAND, HR2 0QF 09476714 2018-03-31 372,507 0
CARTWHEEL COFFEE LTD C12 MARQUIS COURT, TEAM VALLEY, GATESHEAD, NE11 0RU 09813520 2018-10-31 220,278 0 56102-Unlicensed restaurants and cafes
MAUDE LIMITED ARCHES 82-83, RAILWAY STREET, LEEDS, WEST YORKSHIRE, LS9 8HB 09202252 2018-09-30 171,130 0
EXTREME COFFEE LTD MARSH FARM, CARRINGTON LANE, SALE, CHESHIRE, UNITED KINGDOM, M33 5NG 08720015 2017-10-31 86,751 0
FOOTPRINT COFFEE LTD. EDNOL FARM, KINNERTON, PRESTEIGNE, POWYS, LD8 2PF 07754429 2018-08-31 69,772 0
DROP HOPPER LTD UNIT 3 MASONSFIELD BUSINESS PARK, 9C KILMORE VILLAGE, DOWNPATRICK, BT30 9HP NI631023 2018-04-30 36,827 0 56103-Take-away food shops and mobile food stands
MANUMIT LIMITED 33 TY DRAW ROAD, CARDIFF, UNITED KINGDOM, CF23 5HB 10574939 2017-12-31 21,689 0 46370-Wholesale of coffee, tea, cocoa and spices
47910-Retail sale via mail order houses or via Internet
STAG ROASTERS LIMITED THE HILLS, GRAYS ROAD, GODALMING, UNITED KINGDOM, GU7 3LT 11038259 2018-10-31 8,552 0
LITTLE AND LONG LIMITED 36 CHURCH LANE, EATON, NORWICH, NORFOLK, ENGLAND, NR4 6NY 08491291 2018-03-31 1,080 0 77390-Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
GEO COFFEE ROASTERS LIMITED 36 CHURCH LANE, EATON, NORWICH, NORFOLK, ENGLAND, NR4 6NY 08488934 2018-03-31 0 0 77390-Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
JACOBS DOUWE EGBERTS PRO GB LTD QUANTUM HOUSE 60 NORDEN ROAD, MAIDENHEAD, BERKSHIRE, UNITED KINGDOM, SL6 4AY 01435632 0000-00-00 0 0
THE SQUARE MILE COFFEE ROASTERS LTD 2 EUROPE WAY, COCKERMOUTH, CUMBRIA, CA13 0RJ 06314250 0000-00-00 0 0
UCC EUROPE LIMITED 13TH FLOOR, ONE ANGEL COURT, LONDON, UNITED KINGDOM, EC2R 7HJ 08016911 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
COVOYA LTD 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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