Sovereign Business Jets Limited

Sovereign Business Jets Ltd, based in Haywards Heath, UK, is a small holding company with an active status, established 21 years ago in June 2003. The company employs just four people and holds assets valued at £7,471,555. With two directors and two owners, it operates from a real address and maintains a relatively low profile, with irregular import and export activity – just one month of each recorded in the last two years.

The company's core business revolves around non-scheduled passenger air transport, as evidenced by its website. Sovereign Business Jets offers a comprehensive suite of services, including business jet charter, sales, management, and refurbishment. The website showcases a global fleet of private jets and caters to a variety of needs, from summer sun getaways to corporate travel and even pet transport. A key offering is the sourcing and sale of aircraft, with expertise in registration, taxation, and contractual documentation. The website also highlights a focus on empty leg flights, offering significant cost savings for customers.

Financially, Sovereign Business Jets Ltd presents a mixed picture. While cash reserves have surged by a remarkable 590%, reaching £950,000, net assets have decreased by 31% to £-1.5 million. Bank borrowings have remained relatively stable, but trade debtors have increased significantly, by 120%, suggesting potential challenges in collecting payments. Creditors have also risen considerably, by 200%, which could be related to increased purchasing activity. The company's small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity warrants closer attention. The lack of an auditor mentioned likely reflects its exemption as a small company, relying on unaudited financial statements. The company's directors are Melfi Eugene Vincent and Ball Jonathan Peter, with the director list recently updated, which is a good sign.

Registered in England/Wales under the registration number 04806292, with a registered address at RH17 5RE, England, Haywards Heath, England, Buncton Barn Buncton Lane, Bolney.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.