Sovereign Business Solutions Group Limited

Sovereign Business Solutions Group Ltd from Halesowen, UK, is a well-established, family-run business with a long history, having been founded 43 years ago. Currently employing 22 people, the company holds assets valued at £1,443,043 and operates from a real address in Halesowen. It's managed by two directors and two owners, and maintains a 5.0-star Google rating based on seven reviews. The company is an irregular importer, primarily dealing in textile products, used clothing, and rags, with its last import operation recorded just one month ago. It also runs an e-commerce site and provides a range of services, including print management and recycling.

The company’s website showcases a diverse range of products and services, from office supplies and workwear to facilities supplies and print management. It highlights a commitment to customer service, with a dedicated support team and a variety of online resources. Testimonials from satisfied customers emphasize the company’s reliability, competitive pricing, and ability to source hard-to-find items. The website also promotes a focus on sustainability, with recycling services and environmentally friendly products.

Financially, Sovereign Business Solutions Group Ltd presents a mixed picture. While the company’s turnover remains undisclosed, net assets have declined by 21%, dropping to £590,000. Cash bank on hand has also decreased by 20%, to £120,000. Trade debtors have fallen by 21%, suggesting improved collection practices, but creditors have also decreased by 12%, to £880,000. The number of employees has risen by 18%, to 26, which could be a sign of growth, but also increased operational costs. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity warrants further scrutiny. No auditor is mentioned, meaning the figures are unaudited. The company’s future success will likely depend on its ability to manage costs and capitalize on its established reputation and diverse product offerings.

Registered in England/Wales under the registration number 01635542, with a registered address at B62 8DF, Halesowen, West Midlands, Unit 14 Mucklow Hill, Trading Estate Mucklow Hill.

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