{"name":"COVERSTRUCTURES COMMERCIAL LIMITED","company_number":"05865213","status":"Liquidation","type":"Private Limited Company","incorporated":"2006-07-03","dissolved":null,"registered_office":"Richard J Smith & Co 53, Fore Street, Ivybridge, Devon, PL21 9AE","postcode":"PL21 9AE","sic_codes":[{"code":96090,"description":"Other service activities not elsewhere classified"}],"principal_activity":null,"previous_names":[{"name":"COVERSTRUCTURES SOUTH WEST LIMITED","changed_on":"2017-01-10"}],"warnings":["The annual accounts for this company are overdue.","The confirmation statement for this company is overdue."],"accounts":{"category":"Total Exemption Full","year_end":"30 September","last_made_up_to":"2020-09-30","next_due":"2022-06-30"},"employees":null,"financials":[{"financial_date":"2020-09-30","net_assets":186549,"cash":21929},{"financial_date":"2019-09-30","net_assets":250048,"cash":12141},{"financial_date":"2018-09-30","net_assets":320483,"cash":215},{"financial_date":"2017-07-31","net_assets":240940,"cash":35248},{"financial_date":"2016-07-31","net_assets":270010,"cash":85560}],"officers":{"current":4,"resigned":7,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2022-07-26","kind":"insolvency"},{"date":"2022-07-26","kind":"insolvency"},{"date":"2022-07-26","kind":"insolvency"},{"date":"2022-07-06","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"COVERSTRUCTURES COMMERCIAL LIMITED must be declined for any credit facility as the company is in liquidation. The financial trajectory leading to insolvency shows a sustained erosion of net assets (52% decline from 2014 to 2020), escalating HMRC arrears, significant director loan extraction (£250k), and critically low cash reserves. The company was trading while insolvent with £1.56m in current liabilities against just £22k in cash, and the liquidator should investigate director conduct regarding loan accounts and potential wrongful trading.","website":"http://www.coverstructures.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/coverstructures-commercial","people":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/people","filing_history":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/05865213","financials":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/financial","gazette":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/gazette","control":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/control","charges":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/coverstructures-commercial/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/coverstructures-commercial"}