Sovex Systems Ltd

Sovex Systems Ltd, based in St. Helens, UK, is a small holding company with an active status. Founded just three years ago in April 2022, it employs a modest two people and holds £1,050,811 in assets. With a real address and managed by a single director and owner, the company maintains a perfect 5.0 Google rating from one review. Sovex Systems is a regular importer, specializing in machinery, boilers, and mechanical appliances; parts, with 14 months of import activity recorded up to December 2024.

The company’s website positions Sovex Systems as a material handling specialist, offering telescopic conveyors and related solutions. It emphasizes a commitment to providing conveyor solutions that deliver major efficiencies to businesses, saving both time and money. The website highlights regional awards recognizing outstanding business performance and showcases a range of industries served, including transportation, storage, manufacturing, wholesale, and retail. Sovex also provides specialized services like free onsite visits and custom design options, leveraging 3D technology. Testimonials from blue-chip clients praise Sovex's responsiveness, flexibility, and innovative solutions, particularly regarding its "Bendy Booms."

Financially, Sovex Systems Ltd presents a mixed picture. While current assets increased by 76% to £1,100,000, net assets decreased by 82% to -£250,000—a significant drop. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 61% to £23,000. Creditors decreased by 18%, suggesting better debt management. The average number of employees jumped considerably, increasing 250% to seven. The company meets two of three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Sovex Systems Ltd appears to be navigating a period of change. The company’s strong customer testimonials and focus on specialized solutions suggest a solid foundation, but the sharp decline in equity raises questions about its long-term financial health.

Registered in England/Wales under the registration number 14077579, with a registered address at WA9 5JE, United Kingdom, St. Helens, 2b Delphwood Drive.

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