SOVEX LIMITED

HONEYWELL HOUSE, SKIMPED HILL LANE, BRACKNELL, BERKSHIRE, RG12 1EB

Company Number: 04598802
Incorporation date: 22-Nov-2002
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
28220 Manufacture of lifting and handling equipment





SUMMARY

This company is 21.4 years old and is currently liquidation. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -6.1 million but has improved from GBP -10.9 million in the previous year. The latest reported revenue figure is GBP 8.4 million which is down -20% on the previous year. Retained earnings is negative (GBP -6.7 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 1 active officers (directors or partners) who are or were officers of 13 other companies, 5 (38.5%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2021
Accounts Filed: FULL (31-Dec-2019)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 8,411,113 4,813,037 4,813,037
31-Dec-2017 GBP 10,777,058 -1,842,112 4,107 8,507 -1,846,512
31-Dec-2016 GBP 16,095,127 -4,739,730 245 610,615 -5,392,621


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 456,550 3,120,138 9,274,891 11,225 117,119 461,871 -6,690,812 -6,093,822
31-Dec-2017 GBP 474,266 5,264,528 16,253,160 11,225 117,119 461,871 -11,503,849 -10,906,859
31-Dec-2016 GBP 63,655 7,532,744 20,688,563 14,459 117,119 461,871 -9,657,337 -9,060,347

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Uta, Group Financial Officer BARESEL 10 Aug 2016 21 Jun 2018 0 - 1
Resigned Avinash MALHOTRA 11 Mar 2016 10 Aug 2016 0 - 1
Resigned Michele DEMATTEIS 19 Jan 2010 11 Mar 2016 0 - 1
Resigned Patricia Diane DUFFEY 12 Mar 2008 16 Apr 2010 1 - 2
Resigned David Albert LINDFIELD 17 Oct 2003 12 Mar 2008 0 - 8
Resigned Richard Francois BATESON 25 Sep 2003 17 Oct 2003 0 - 3
Resigned Roy GOLDSBROUGH 03 Dec 2002 21 Jul 2003 0 - 21
Resigned GLOBAL SECRETARIAL SERVICES LIMITED 22 Nov 2002 27 Oct 2003 0 - 96

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Hicham KHELLAFI 15 Oct 2021 General Counsel French 14 - 06 (42.9%)
Resigned Olga SLIPETSKA 30 Oct 2020 15 Oct 2021 Senior Attorney Ukrainian 5 - 42 (22.2%)
Resigned Robert LUGAUER 18 Mar 2020 30 Oct 2020 General Manager German 0 - 22 (100.0%)
Resigned Axel Bert REICHERT 18 Dec 2019 18 Mar 2020 Global Products And Emea General Manager German 0 - 22 (100.0%)
Resigned Robert Chirk Wing LEUNG 22 Jul 2013 06 Aug 2015 Director British 6 - 1913 (52.0%)
Resigned Nicholas Richard Duncan OWEN 16 Mar 2010 06 Aug 2015 Company Director British 9 - 5024 (40.7%)
Resigned Michele Guiseppe DEMATTEIS 01 Jul 2008 11 Mar 2016 Company Director British 1 - 44 (80.0%)
Resigned Malcolm DOOLEY 01 Jul 2003 17 Feb 2016 Engineer British 0 - 22 (100.0%)
Resigned David Albert LINDFIELD 27 Mar 2003 06 Aug 2015 Engineer British 0 - 85 (62.5%)
Resigned Richard Francois BATESON 22 Nov 2002 05 Sep 2006 Engineer French 0 - 33 (100.0%)
Number of active directors: 1
Average tenure of active directors: 2.5 years
Average tenure of resigned directors: 5.1 years
Average active director Dissolution Rate: 42.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
HONEYWELL CONTROL SYSTEMS LIMITED (00217803) - Active
HONEYWELL ANALYTICS LIMITED (00412070) - Active
CITY TECHNOLOGY LIMITED (01326515) - Active
TRANSNORM SYSTEM LIMITED (01728413) - Liquidation
FIRST TECHNOLOGY LIMITED (01882393) - Liquidation
FIRST TECHNOLOGY INTERNATIONAL LIMITED (02504005) - Liquidation
COMBISAFE INTERNATIONAL LIMITED (02814205) - Active
HONEYWELL PRODUCTIVITY SOLUTIONS LIMITED (03138032) - Active
ARKON SAFETY U.K. LIMITED (03290593) - Active
SPERIAN PROTECTION HOLDING (UK) LTD (03730866) - Active
B W EUROPE LIMITED (03887202) - Liquidation
VOCOLLECT INTERNATIONAL LIMITED (04452947) - Active - Proposal to Strike off
SOVEX LIMITED (04598802) - Liquidation
HONEYWELL SAFETY PRODUCTS INTERNATIONAL LTD. (08783410) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-05-012015-11-172014-11-17
TRANSNORM SYSTEM LIMITEDA ORDINARY74,000
63.2%
0
0%
0
0%
TRANSNORM SYSTEM LIMITEDA ORDINARY SHARES26,800
22.9%
0
0%
0
0%
TRANSNORM SYSTEM LIMITEDB ORDINARY SHARES12,220
10.4%
0
0%
0
0%
TRANSNORM SYSTEM LIMITEDD ORDINARY SHARES4,099
3.50%
0
0%
0
0%
TRANSNORMA ORDINARY0
0%
74,000
63.2%
0
0%
TRANSNORMA ORDINARY SHARES0
0%
26,800
22.9%
0
0%
TRANSNORMBORDINARY SHARES0
0%
12,220
10.4%
0
0%
TRANSNORMD ORDINARY SHARES0
0%
4,099
3.50%
0
0%
DAVID LINDFIELDA ORDINARY0
0%
0
0%
17,333
17.2%
MALCOLM DOOLEYA ORDINARY0
0%
0
0%
15,493
15.4%
ROBERT CHIRK WING LEUNGA ORDINARY0
0%
0
0%
13,254
13.1%
RICHARD BATESONA ORDINARY0
0%
0
0%
9,040
8.97%
MICHELE DEMATTEISA ORDINARY0
0%
0
0%
8,640
8.57%
MALCOLM DOOLEYA ORDINARY SHARES0
0%
0
0%
8,334
8.27%
NICHOLAS OWENA ORDINARY0
0%
0
0%
6,600
6.55%
NICHOLAS OWENA ORDINARY SHARES0
0%
0
0%
6,000
5.95%
JOHN TUNNAA ORDINARY0
0%
0
0%
3,640
3.61%
ROBERT CHIRK WING LEUNGA ORDINARY SHARES0
0%
0
0%
3,332
3.31%
GIJS KURVERSA ORDINARY SHARES0
0%
0
0%
2,640
2.62%
DAVID LINDFIELDA ORDINARY SHARES0
0%
0
0%
2,334
2.32%
MICHELE DEMATTEISA ORDINARY SHARES0
0%
0
0%
2,160
2.14%
STEPHEN NUTTALLA ORDINARY SHARES0
0%
0
0%
2,000
1.98%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

SOVEX LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


Title Date filed Status Publication number
Boom conveyor 2016-07-08 Awaiting First Examination GB2552025
Telescopic boom conveyer 2015-04-23 Awaiting First Examination GB2537669
Telescopic conveyor with pivotable end unit 2010-10-15 Granted GB2484546

COMPETITORS

(Based on Sic code: 28220 Manufacture of lifting and handling equipment)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
CATERPILLAR (U.K.) LIMITED PECKLETON LANE, DESFORD, LEICESTER, LE9 9JT 00484783 2017-12-31 815,882,000 -2,304,000 28921-Manufacture of machinery for mining
28922-Manufacture of earthmoving equipment
HYSTER-YALE UK LIMITED CENTENNIAL HOUSE BUILDING 4.5, FRIMLEY BUSINESS PARK, FRIMLEY, SURREY, GU16 7SG 02636775 2017-12-31 562,409,000 6,060,000
JUNGHEINRICH UK LIMITED SHERBOURNE HOUSE, SHERBOURNE DRIVE TILBROOK, MILTON KEYNES, BUCKINGHAMSHIRE, MK7 8HX 00757192 2017-12-31 209,234,000 5,109,000
MANITOU UK LIMITED EBBLAKE INDUSTRIAL ESTATE, VERWOOD, DORSET, BH31 6BB 01049338 2017-12-31 128,566,000 4,906,000
STANNAH LIFT SERVICES LIMITED WATT CLOSE, EAST PORTWAY, ANDOVER, HAMPSHIRE, SP10 3SD 01189799 2017-12-31 106,533,000 -292,000 33120-Repair of machinery
33200-Installation of industrial machinery and equipment
47990-Other retail sale not in stores, stalls or markets
KONECRANES DEMAG UK LIMITED UNIT 1 CHARTER POINT, COALFIELD WAY,, ASHBY BUSINESS PARK, ASHBY DE LA ZOUCH, LEICESTERSHIRE, ENGLAND, LE65 1NF 00969869 2017-12-31 72,388,000 -473,000 33200-Installation of industrial machinery and equipment
THWAITES LIMITED WELSH ROAD, CUBBINGTON, LEAMINGTON SPA, WARWICKSHIRE, CV32 7NQ 00387579 2017-08-31 71,269,000 9,674,000
MALLAGHAN ENGINEERING LIMITED 69 COALISLAND ROAD, DUNGANNON, CO TYRONE, BT71 6LA NI020042 2017-12-31 46,423,502 3,246,369
UNICARRIERS UK LIMITED JANE MORBEY ROAD, THAME, OXFORDSHIRE, OX9 3RR 00958167 2018-03-31 43,511,542 1,948,266
STORAGE AND HANDLING EQUIPMENT LIMITED SHE HOUSE MACKLIN AVENUE, COWPEN LANE INDUSTRIAL ESTATE, BILLINGHAM, CLEVELAND, TS23 4BY 03866015 2017-12-31 11,712,255 0
GUTTRIDGE LIMITED WARDENTREE PARK, PINCHBECK, SPALDING, LINCOLNSHIRE, PE11 3UU 00731549 2017-12-31 11,647,712 0
RUBAX LIFTS LIMITED WILSON HOUSE CINNAMON PARK, FEARNHEAD, WARRINGTON, CHESHIRE, WA2 0XP 01509899 2017-12-31 11,486,303 0
TALURIT (UK) LIMITED R-EVOLUTION GATEWAY 36, UNIT 3 KESTREL WAY, BIRDWELL, BARNSLEY, ENGLAND, S70 5SZ 03816964 2017-12-31 4,098,095 0
BRITTON PRICE HOLDINGS LIMITED PARKERS CORNELIUS HOUSE, 178-180 CHURCH ROAD, HOVE, EAST SUSSEX, ENGLAND, BN3 2DJ 09900575 2017-12-31 2,353,501 0
INDUSTRIAL LIFTING (UK) LTD UNITS 1, 2 & 3A, CINDERHILL INDUSTRIAL ESTATE, STOKE-ON-TRENT, ENGLAND, ST3 5LB 04142350 2018-03-31 2,128,785 0
H S M SERVICES LIMITED BEKE LODGE, BEKE HALL CHASE NORTH, RAYLEIGH, ESSEX, SS6 9EZ 03292466 2017-12-31 1,767,101 0
CONVEYORS DIRECT ONLINE LTD NEWTON AND CO, TEDCO BUSINESS CENTRE, VIKING INDUSTRIAL PARK, JARROW, TYNE AND WEAR, NE32 3DT 06078121 2018-03-31 1,699,711 0
WILDEX LIMITED UNIT 29 CHURCH ROAD BUSINESS CENTRE, CHURCH ROAD, SITTINGBOURNE, KENT, ME10 3RS 00714085 2018-01-31 723,626 0
C-LARS EUROPE LIMITED RECTORY LODGE, STOCKTON ROAD, SOUTH KILVINGTON, UNITED KINGDOM, YO7 2NL 10625815 2018-02-28 26,114 0 58190-Other publishing activities
62090-Other information technology service activities
ELEVATORS PROJECTS & COMPONENTS LTD 13 TALLOW CLOSE, DAGENHAM, ESSEX, ENGLAND, RM9 6EF 09184405 2017-08-31 19,960 0 33200-Installation of industrial machinery and equipment
ROSE OF SHARON INNOVATIONS LIMITED 16 MABEL'S BROW, FARNWORTH, BOLTON, BL4 8BN 06626715 2019-05-31 12,127 0 28990-Manufacture of other special-purpose machinery not elsewhere classified
GARY SAUNTERS CRANE SERVICES LTD 20 HAVELOCK ROAD, HASTINGS, EAST SUSSEX, TN34 1BP 08974203 2018-03-31 0 0
REXTANK LIMITED UNIT 4 CHURCH ROAD, ASH, SEVENOAKS, KENT, ENGLAND, TN15 7HD 10836011 2018-06-30 0 0
HYSTER-YALE GROUP LIMITED CENTENNIAL HOUSE BUILDING 4.5, FRIMLEY BUSINESS PARK, FRIMLEY, SURREY, GU16 7SG 01020654 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
Company status 100.0% 99.4% 99.9% High
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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