COVASE LTD

Company number 05569777 · Active

COVASE LTD is a private limited company registered in READING, United Kingdom, incorporated on 21 Sep 2005. Its registered activity is renting and leasing of cars and light motor vehicles. Its latest published accounts for the period ending 30 Jun 2025 show equity of £125k, total assets of £219k. It has filed 5 sets of accounts. Our model estimates a 0.51 % probability that it becomes insolvent within 12 months, 4.4 times the average for active companies (high risk).

Insolvency risk, next 12 months

0.51 %
High risk
Lowest riskHighest risk

Higher than 97 % of active companies in the United Kingdom. 4.4× the average annual insolvency rate (0.12 %).

Raises the risk

Company age (years)3.3×12.986–22.502 · 0.38 % became insolvent
Employees3.1×3–8 · 0.36 % became insolvent
Accounts filed2.9×3–6 · 0.34 % became insolvent
Equity change ÷ assets2.6×-0.688951–-0.123359 · 0.31 % became insolvent
Current ratio2.4×1.20204–2.65202 · 0.28 % became insolvent
Total assets (log)2.4×4.74546–5.45007 · 0.28 % became insolvent

Lowers the risk

Region0.6×RG · 0.07 % became insolvent
Late filings0.8×0–1 · 0.09 % became insolvent
Accounts overdue0.8×0 · 0.09 % became insolvent
Cash ÷ assets0.9×0.578498–0.951833 · 0.10 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
05569777 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
21 Sep 2005 (21 years)
Registered address
RG8 8NA READING
Postcode area
Reading
Activity
77110 Renting and leasing of cars and light motor vehicles
Industry
Rental and leasing activities
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
30 Jun 202515 Oct 2025– –£125k£219k £94k£185k4
30 Jun 202415 Feb 2025– –£177k£313k £136k£254k4
30 Jun 202215 Dec 2022– –£40k£147k £108k£69k4
30 Jun 202115 Dec 2021– –£30k£121k £92k£48k4
30 Jun 202015 Mar 2021– –£62k£169k £107k£130k4

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in Reading

Questions about COVASE LTD

What is the company number of COVASE LTD?

COVASE LTD is registered under company number 05569777 in the official register of United Kingdom. View it at the official register.

Is COVASE LTD still active?

Yes. COVASE LTD is registered as active (status: Active).

Has COVASE LTD gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for COVASE LTD in the official data.

How likely is COVASE LTD to become insolvent?

Our model estimates a 0.51 % probability that COVASE LTD becomes insolvent within the next 12 months (high risk). That is higher than 97 % of active companies in the United Kingdom.

When was COVASE LTD founded?

COVASE LTD was incorporated on 21 Sep 2005.

Where is COVASE LTD registered?

COVASE LTD's registered address is in RG8 8NA READING (Reading), United Kingdom.

What do the latest accounts of COVASE LTD show?

The latest published accounts (period ending 30 Jun 2025) show equity of £125k, total assets of £219k, 4 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 9 Nov 2026.