COVCITYCO LTD
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Cash
£376K
-90.9% vs 2024
Net assets
£25M
-28.9% vs 2024
Employees
419
+3.5% vs 2024
Profit before tax
-£25M
-605.4% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £29,306,522 | £34,145,359 | +16.5% | |
| Operating profit | -£18,644,406 | -£28,485,520 | -52.8% | |
| Profit before tax | £5,007,726 | -£25,309,583 | -605.4% | |
| Net profit | £5,007,726 | -£25,023,186 | -599.7% | |
| Cash | £4,114,400 | £376,387 | -90.9% | |
| Total assets less current liabilities | £72,914,661 | £81,164,602 | +11.3% | |
| Net assets | £34,684,210 | £24,661,024 | -28.9% | |
| Equity | £34,684,210 | £24,661,024 | -28.9% | |
| Average employees | 405 | 419 | +3.5% | |
| Wages | £20,583,748 | £23,359,516 | +13.5% | |
| Directors' remuneration | — | — | — |
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 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | -63.6% | -83.4% | |
| Net margin | 17.1% | -73.3% | |
| Return on capital employed | -25.6% | -35.1% | |
| Gearing (liabilities / total assets) | 63.7% | 75.6% | |
| Current ratio | 1.27x | 1.59x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Edwards
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director has formed a judgement that the group has adequate resources available to continue operating and to discharge all financial obligations as they fall due for a period of at least 12 months from the date of approval of the financial statements.”
Group structure
- COVCITYCO LTD · parent
- Coventry City Football Club Limited 100%
Significant events
- “Transfers of player registrations subsequent to 31 May 2025, taking into account applicable costs and player acquisitions, resulted in a net £970,800 payable by the club.”
- “Subsequent to 31 May 2025, the club received £3,990,859 and paid £758,779 in relation to sell-on and contingent contractual clauses for ex-players.”
- “On the 23 August 2025, the group acquired four new subsidiaries for a total consideration of £50,000,000.”
- “The acquisition of the CBS Arena on 23 August 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BCS COSEC LIMITED | Corporate Secretary | 2023-06-16 | — | — |
| KING, Douglas Richard John | Director | 2022-11-29 | Jan 1967 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Douglas Richard John King | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-29 | Active |
Filing timeline
Last 14 of 14 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-27 | AA | accounts | Accounts with accounts type group | |
| 2025-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-04 | SH01 | capital | Capital allotment shares | |
| 2025-02-27 | AA | accounts | Accounts with accounts type group | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-29 | AA | accounts | Accounts with accounts type group | |
| 2023-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-07-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-07 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-01-11 | SH01 | capital | Capital allotment shares | |
| 2023-01-11 | SH01 | capital | Capital allotment shares | |
| 2022-11-29 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- 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.