Sovereign Houseware Limited

Sovereign Houseware Ltd from Birmingham UK: a small, active company founded 20 years ago, employs 19 people, and holds £3,535,161 in assets. It has a real address, is managed by three directors, and surprisingly, has no registered owners. The company regularly imports iron or steel products (235 months) and exports them too (6 months).

It’s a wholesale catering and housewares supplier, operating primarily through its website, Sovereign Houseware. The site offers a wide range of products, from cookware and glassware to plasticware and toys, catering to both retail and wholesale customers. It seems like a B2B focused operation, with a clear emphasis on trade pricing and bulk orders. The site also highlights a "New Arrivals" section, suggesting a commitment to updating its product range. It’s a pretty standard e-commerce setup, with clear categories, a search function, and a shopping cart. There’s no indication of a physical retail presence beyond the Birmingham address.

Financially, Sovereign Houseware Ltd presents a mixed picture. While current assets increased by 15% to £3.5 million, trade debtors dropped by a significant 41% to £400,000—a positive sign of better cash collection. However, investments in fixed assets decreased by 30% to £760,000, and net losses deepened to -£23,000. Bank borrowings increased by 63% to £2.7 million, and cash reserves fell 30% to £28,000. Creditors also increased by 33% to £470,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The decrease in debtors is good, but the rise in borrowings and the deepening losses suggest the company might be burning through cash. The decrease in investments could be due to a strategic shift or perhaps a lack of capital. Overall, Sovereign Houseware Ltd appears to be a steady but somewhat fragile operation, relying on its wholesale model and online presence to navigate a competitive market.

Registered in England/Wales under the registration number 05228963, with a registered address at B18 5HP, Birmingham, Sovereign House Randor Street, Hockley.

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