Sovereign Gears Limited

Sovereign Gears Ltd from Leicester UK is a small, holding company with an active status, having been founded 27 years ago in 1997. The company employs ten people and holds assets valued at £1,598,545. Based at a real address, it’s managed by six directors and one owner, and operates an e-commerce site. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with just one month of import activity recorded, and a regular exporter of the same, with 23 months of export activity.

The company specializes in the manufacture of bearings, gears, gearing, and driving elements, offering a wide range of services including machining, grinding, wire cutting, and gear cutting. They cater to various industries, including automotive, motorsport, industrial, agricultural, and vintage sectors, and boast ISO 9001:2015 certification. Their website highlights their expertise in specialist gears, spiral bevels, straight bevels, splines, and much more, and even offers gearbox design and ratio changes.

Financially, Sovereign Gears Ltd presents a mixed picture. Current assets have increased by 7.8% to £1,600,000, while net assets have decreased by 3.3% to £2,100,000. Cash reserves have increased by 12% to £420,000, but bank borrowings have increased by 24% to £160,000. Trade debtors have increased by 13% to £680,000, which could indicate a growth in sales, but also a potential risk of delayed payments. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited. The company’s financial reports show a slight decrease in depreciation impairment, which is a good sign.

Overall, Sovereign Gears Ltd appears to be a stable, albeit small, business, though the increase in borrowing and the decrease in net assets warrant close monitoring. The company's focus on specialist manufacturing and its diverse customer base suggest a resilient business model, but the financial trends indicate that it’s important to keep a close eye on the company’s cash flow.

Registered in England/Wales under the registration number 03369489, with a registered address at LE9 3ZG, England, Leicester, Unit 3 Winston Avenue, Croft.

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