COVERIS LOUTH LIMITED
Get an alert when COVERIS LOUTH LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.1M
+4,940.9% vs 2023
Net assets
-£989K
-136.9% vs 2023
Employees
175
+3.6% vs 2023
Profit before tax
-£3.1M
-420.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £39,969,000 | £45,728,000 | +14.4% | |
| Operating profit | £787,000 | -£1,755,000 | -323% | |
| Profit before tax | -£602,000 | -£3,131,000 | -420.1% | |
| Net profit | £158,000 | -£3,667,000 | -2,420.9% | |
| Cash | £22,000 | £1,109,000 | +4,940.9% | |
| Total assets less current liabilities | £13,487,000 | £13,381,000 | -0.8% | |
| Net assets | £2,678,000 | -£989,000 | -136.9% | |
| Equity | £2,678,000 | -£989,000 | -136.9% | |
| Average employees | 169 | 175 | +3.6% | |
| Wages | £6,532,000 | £7,197,000 | +10.2% | |
| Directors' remuneration | £124,000 | £144,000 | +16.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.0% | -3.8% | |
| Net margin | 0.4% | -8.0% | |
| Return on capital employed | 5.8% | -13.1% | |
| Gearing (liabilities / total assets) | 87.1% | 104.0% | |
| Current ratio | 1.60x | 1.24x | |
| Interest cover | 0.57x | -1.28x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the sales pipeline and customer portfolio of Coveris Louth in conjunction with Coveris group and have been awarded further sales volumes from sister companies. The forecasts show continued sales opportunities to maintain the Louth business at full capacity for 2025 and beyond. After considering key factors such as liquidity, revenue and profitability as well as considering appropriate sensitivities on these measures, combined with the continued group support and ongoing availability from the group wide cash pooling facility the Directors have assessed that the business can adapt to the new customer markets enabling it to continue as a going concern.”
Significant events
- “On 9 December 2024, the Company undertook a capital reduction, whereby, the share premium account of £8,999,999 was cancelled and credited to the profit and loss reserve. Exceptional items of £0.64m (2023 £0.40m) have been incurred in the year, these related to workforce restructuring costs of £0.57m (2023 - £0.07m), pension scheme restructuring costs of £0.07m (2023 - £0.04m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELLIS, Dylan John | Director | 2025-01-15 | Jan 1970 | British |
| MATTHEWS, Robert | Director | 2019-12-19 | Aug 1966 | British |
| WOLFRAM, Nikolaus | Director | 2024-11-04 | Mar 1974 | Austrian |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBER, Paul James | Director | 2023-10-01 | 2025-02-28 |
| DALBY, Mark | Director | 2019-12-19 | 2023-09-30 |
| DAVIS, Martin John | Director | 2019-12-19 | 2024-11-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Coveris Flexibles Holdings Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-19 | Active |
Filing timeline
Last 20 of 35 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-23 RESOLUTIONS Resolution
- 2024-12-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-23 | SH20 | capital | Legacy | |
| 2025-12-23 | CAP-SS | insolvency | Legacy | |
| 2025-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-10 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-10 | CAP-SS | insolvency | Legacy | |
| 2024-12-10 | SH20 | capital | Legacy | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-20 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 5
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.