COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
Cash
£144K
-85.3% vs 2023
Net assets
-£6M
-577.7% vs 2023
Employees
31
-16.2% vs 2023
Profit before tax
-£7M
-54.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group recognised a net loss after tax of £7,770,498 for the year ended 31 December 2024 (2023 £3,830,194) and the Group's net current liabilities are £13,828,802 (2023 £48,337,246). As of 31 December 2024, the Group and Company has a debt facility of £38,280,371 which is due to expire in October 2026 and is requiring refinancing or repayment. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Group's and Company's ability to continue as a going concern.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED 2022-06-16 → present
- COVE COMMUNITIES VENTURE 2 RESIDENTIAL UK HOLDCO LIMITED 2022-03-23 → 2022-06-16
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £13,069,351 | £11,878,234 | |
| Operating profit | -£288,641 | -£3,209,771 | |
| Profit before tax | -£4,476,866 | -£6,931,709 | |
| Net profit | -£3,830,194 | -£7,770,498 | |
| Cash | £981,862 | £144,459 | |
| Total assets less current liabilities | £17,435,174 | £48,483,640 | |
| Net assets | £1,170,204 | -£5,590,307 | |
| Equity | £1,170,204 | -£5,590,307 | |
| Average employees | 37 | 31 | |
| Wages | £965,639 | £1,071,389 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -2.2% | -27.0% | |
| Net margin | -29.3% | -65.4% | |
| Return on capital employed | -1.7% | -6.6% | |
| Gearing (liabilities / total assets) | 98.6% | 107.2% | |
| Current ratio | 0.26x | 0.53x | |
| Interest cover | -0.07x | -0.73x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Group recognised a net loss after tax of £7,770,498 for the year ended 31 December 2024 (2023 £3,830,194) and the Group's net current liabilities are £13,828,802 (2023 £48,337,246). As of 31 December 2024, the Group and Company has a debt facility of £38,280,371 which is due to expire in October 2026 and is requiring refinancing or repayment. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Group's and Company's ability to continue as a going concern.”
Group structure
- COVE COMMUNITIES RESIDENTIAL UK HOLDCO LIMITED · parent
- Cove Communities Venture 2 Elms PropCo Limited 100%
- Cove Communities Venture 2 Elms OpCo Limited 100%
- Cove Communities Venture 2 KPV PropCo Limited 100%
- Cove Communities Venture 2 KPV OpCo Limited 100%
- Cove Communities Venture 2 Willowbrook PropCo Limited 100%
- Cove Communities Venture 2 Willowbrook OpCo Limited 100%
- Cove Communities Venture 2 Killarney Propco Limited 100%
- Cove Communities Venture 2 Killarney Opco Limited 100%
- Cove Communities Treasury Limited 100%
Significant events
- “On 17 November 2025, Cove Communities Holiday Park UK HoldCo Limited, Cove Communities Venture 2 Argyle OpCo Limited, Cove Communities Venture 2 Gwel An Mor OpCo Limited, Cove Communities Venture 2 Springwood OpCo Limited and Cove Communities Venture 2 Solway OpCo Limited, fellow subsidiaries in the Cove Communities UK Investments, LP group entered administration. The administration does not have a material impact on the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOBBS, Fleur Margaret | Director | 2025-05-29 | Oct 1962 | British |
| SCUTTER, Darren | Director | 2024-01-26 | Dec 1974 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBOSA VARANDAS FERNANDES, Francisco | Director | 2022-03-23 | 2023-09-22 |
| DON-WAUCHOPE, Despina | Director | 2024-06-28 | 2025-05-29 |
| NAPP, David Anthony | Director | 2022-03-23 | 2024-02-20 |
| SEATON, Mark | Director | 2022-03-23 | 2024-06-28 |
| SMITH, Geoffrey Michael | Director | 2022-03-23 | 2024-01-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Colleen Sheridan Edwards | Individual | Significant influence | 2022-03-23 | Ceased 2024-06-20 |
| Mr David Anthony Napp | Individual | Significant influence | 2022-03-23 | Ceased 2024-06-20 |
| Mr Murray Jerome Mccabe | Individual | Significant influence | 2022-03-23 | Active |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | AA | accounts | Accounts with accounts type group | |
| 2026-03-10 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-07-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-04 | AA | accounts | Accounts with accounts type group | |
| 2024-10-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-15 | SH01 | capital | Capital allotment shares | |
| 2024-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-9.1%
£13,069,351 £11,878,234
-
Cash
-85.3%
£981,862 £144,459
-
Net assets
-577.7%
£1,170,204 -£5,590,307
-
Employees
-16.2%
37 31
-
Operating profit
-1,012%
-£288,641 -£3,209,771
-
Profit before tax
-54.8%
-£4,476,866 -£6,931,709
-
Wages
+11%
£965,639 £1,071,389
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers