sovereign business jets limited Company Information
Company Number
04806292
Registered Address
buncton barn buncton lane, bolney, haywards heath, england, RH17 5RE
Industry
Non-scheduled passenger air transport
Telephone
01959580777
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
aviation by westminster ltd 44%
calibre investments ltd 44%
View Allsovereign business jets limited Estimated Valuation
Pomanda estimates the enterprise value of SOVEREIGN BUSINESS JETS LIMITED at £4.4m based on a Turnover of £10.6m and 0.42x industry multiple (adjusted for size and gross margin).
sovereign business jets limited Estimated Valuation
Pomanda estimates the enterprise value of SOVEREIGN BUSINESS JETS LIMITED at £1.6m based on an EBITDA of £517k and a 3.12x industry multiple (adjusted for size and gross margin).
sovereign business jets limited Estimated Valuation
Pomanda estimates the enterprise value of SOVEREIGN BUSINESS JETS LIMITED at £0 based on Net Assets of £-2.2m and 3.08x industry multiple (adjusted for liquidity).
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Sovereign Business Jets Limited Overview
Sovereign Business Jets Limited is a live company located in haywards heath, RH17 5RE with a Companies House number of 04806292. It operates in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in June 2003, it's largest shareholder is aviation by westminster ltd with a 44% stake. Sovereign Business Jets Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.6m with rapid growth in recent years.
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Sovereign Business Jets Limited Health Check
Pomanda's financial health check has awarded Sovereign Business Jets Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £10.6m, make it smaller than the average company (£15m)
- Sovereign Business Jets Limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of 90%, show it is growing at a faster rate (1.8%)
- Sovereign Business Jets Limited
1.8% - Industry AVG
Production
with a gross margin of 15.8%, this company has a comparable cost of product (15.8%)
- Sovereign Business Jets Limited
15.8% - Industry AVG
Profitability
an operating margin of 4.7% make it more profitable than the average company (3%)
- Sovereign Business Jets Limited
3% - Industry AVG
Employees
with 4 employees, this is below the industry average (55)
4 - Sovereign Business Jets Limited
55 - Industry AVG
Pay Structure
on an average salary of £57.6k, the company has an equivalent pay structure (£57.6k)
- Sovereign Business Jets Limited
£57.6k - Industry AVG
Efficiency
resulting in sales per employee of £2.7m, this is more efficient (£238.3k)
- Sovereign Business Jets Limited
£238.3k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is later than average (27 days)
- Sovereign Business Jets Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (32 days)
- Sovereign Business Jets Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 127 days, this is more than average (17 days)
- Sovereign Business Jets Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Sovereign Business Jets Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 142%, this is a higher level of debt than the average (81.8%)
142% - Sovereign Business Jets Limited
81.8% - Industry AVG
sovereign business jets limited Credit Report and Business Information
Sovereign Business Jets Limited Competitor Analysis
Perform a competitor analysis for sovereign business jets limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
sovereign business jets limited Ownership
SOVEREIGN BUSINESS JETS LIMITED group structure
Sovereign Business Jets Limited has no subsidiary companies.
Ultimate parent company
SOVEREIGN BUSINESS JETS LIMITED
04806292
sovereign business jets limited directors
Sovereign Business Jets Limited currently has 5 directors. The longest serving directors include Mr Derek Jacobson (Mar 2019) and Mr Jonathan Ball (Mar 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Derek Jacobson | England | 44 years | Mar 2019 | - | Director |
Mr Jonathan Ball | United Kingdom | 50 years | Mar 2019 | - | Director |
Mr Jonathan Ball | England | 50 years | Mar 2019 | - | Director |
Mr Derek Jacobson | England | 44 years | Mar 2019 | - | Director |
Mr Eugene Melfi | England | 46 years | Mar 2023 | - | Director |
SOVEREIGN BUSINESS JETS LIMITED financials
Sovereign Business Jets Limited's latest turnover from March 2023 is estimated at £10.6 million and the company has net assets of -£2.2 million. According to their latest financial statements, Sovereign Business Jets Limited has 4 employees and maintains cash reserves of £138 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Jan 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 760,393 | ||||||||||||||
Other Income Or Grants | 0 | ||||||||||||||
Cost Of Sales | 655,794 | ||||||||||||||
Gross Profit | 104,599 | ||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | 0 | ||||||||||||||
Interest Receivable | 3 | ||||||||||||||
Pre-Tax Profit | 5,532 | ||||||||||||||
Tax | -630 | ||||||||||||||
Profit After Tax | 4,902 | ||||||||||||||
Dividends Paid | 4,900 | ||||||||||||||
Retained Profit | 2 | ||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 4 | 2 | 10 | 16 | 12 | 13 | 14 | 14 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Jan 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 23,427 | 42,354 | 61,186 | 82,412 | 0 | 3,757 | 3,560 | 783 | 0 | 0 | 0 | 933 | 1,733 | 2,533 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 336,800 | 336,800 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 23,427 | 42,354 | 61,186 | 82,412 | 0 | 340,557 | 340,360 | 783 | 0 | 0 | 0 | 934 | 1,733 | 2,533 | 0 |
Stock & work in progress | 3,126,302 | 3,156,702 | 0 | 0 | 0 | 0 | 1,456,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 1,063,349 | 697,962 | 23,991 | 11,225 | 593,164 | 255,804 | 214,323 | 215,926 | 36,312 | 79,038 | 36,962 | 150,636 | 144,431 | 3,318 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 138,158 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 963,165 | 305,071 | 194,496 | 176,830 | 167,344 | 306,265 | 284,505 | 356,823 | 14,528 | 0 | 0 | 0 | 16,974 | 66,905 | 0 |
Cash | 138,043 | 1,487,160 | 50,398 | 63,970 | 50,080 | 87,642 | 120,601 | 95,299 | 12,458 | 39,969 | 23,470 | 121,859 | 122,649 | 15,639 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 5,290,859 | 5,646,895 | 268,885 | 252,025 | 810,588 | 649,711 | 2,213,587 | 668,048 | 63,298 | 119,007 | 60,432 | 272,495 | 284,054 | 85,862 | 0 |
total assets | 5,314,286 | 5,689,249 | 330,071 | 334,437 | 810,588 | 990,268 | 2,553,947 | 668,831 | 63,298 | 119,007 | 60,432 | 273,429 | 285,787 | 88,395 | 0 |
Bank overdraft | 6,618 | 6,618 | 0 | 0 | 0 | 0 | 268,550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 602,339 | 1,205,287 | 321,215 | 94,586 | 147,685 | 282,385 | 140,457 | 83,588 | 33,073 | 1,233,548 | 114,492 | 272,777 | 285,352 | 11,150 | 0 |
Group/Directors Accounts | 612,351 | 1,966,788 | 2,030,751 | 0 | 0 | 1,240,903 | 2,651,050 | 905,526 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 6,288,772 | 5,128,486 | 208,701 | 1,623,387 | 825,878 | 347,644 | 190,689 | 101,216 | 52,926 | 0 | 0 | 0 | 0 | 76,843 | 0 |
total current liabilities | 7,510,080 | 8,307,179 | 2,560,667 | 1,717,973 | 973,563 | 1,870,932 | 3,250,746 | 1,090,330 | 85,999 | 1,233,548 | 114,492 | 272,777 | 285,352 | 87,993 | 0 |
loans | 36,760 | 42,219 | 50,000 | 0 | 0 | 0 | 608,139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 36,760 | 42,219 | 50,000 | 0 | 0 | 0 | 608,139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 7,546,840 | 8,349,398 | 2,610,667 | 1,717,973 | 973,563 | 1,870,932 | 3,858,885 | 1,090,330 | 85,999 | 1,233,548 | 114,492 | 272,777 | 285,352 | 87,993 | 0 |
net assets | -2,232,554 | -2,660,149 | -2,280,596 | -1,383,536 | -162,975 | -880,664 | -1,304,938 | -421,499 | -22,701 | -1,114,541 | -54,060 | 652 | 435 | 402 | 0 |
total shareholders funds | -2,232,554 | -2,660,149 | -2,280,596 | -1,383,536 | -162,975 | -880,664 | -1,304,938 | -421,499 | -22,701 | -1,114,541 | -54,060 | 652 | 435 | 402 | 0 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Jan 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 18,927 | 18,832 | 23,850 | 30,145 | 419 | 1,021 | 1,118 | 73 | 0 | 0 | 0 | 800 | 800 | 667 | |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -630 | ||||||||||||||
Stock | -30,400 | 3,156,702 | 0 | 0 | 0 | -1,456,000 | 1,456,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 1,023,481 | 784,546 | 30,432 | -572,453 | 198,439 | -74,917 | 64,237 | 493,711 | -28,198 | 42,076 | -113,674 | -10,769 | 91,182 | 70,223 | 0 |
Creditors | -602,948 | 884,072 | 226,629 | -53,099 | -134,700 | 141,928 | 56,869 | -1,149,960 | -1,200,475 | 1,119,056 | -158,285 | -12,575 | 274,202 | 11,150 | 0 |
Accruals and Deferred Income | 1,160,286 | 4,919,785 | -1,414,686 | 797,509 | 478,234 | 156,955 | 89,473 | 101,216 | 52,926 | 0 | 0 | 0 | -76,843 | 76,843 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | -336,800 | 0 | 336,800 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -1,354,437 | -63,963 | 2,030,751 | 0 | -1,240,903 | -1,410,147 | 1,745,524 | 905,526 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -5,459 | -7,781 | 50,000 | 0 | 0 | -608,139 | 608,139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 3 | ||||||||||||||
cash flow from financing | 403 | ||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -1,349,117 | 1,436,762 | -13,572 | 13,890 | -37,562 | -32,959 | 25,302 | 55,330 | -27,511 | 16,499 | -98,389 | -790 | 107,010 | 15,639 | 0 |
overdraft | 0 | 6,618 | 0 | 0 | 0 | -268,550 | 268,550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -1,349,117 | 1,430,144 | -13,572 | 13,890 | -37,562 | 235,591 | -243,248 | 55,330 | -27,511 | 16,499 | -98,389 | -790 | 107,010 | 15,639 | 0 |
P&L
March 2023turnover
10.6m
+5%
operating profit
498.1k
0%
gross margin
15.9%
-2.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-2.2m
-0.16%
total assets
5.3m
-0.07%
cash
138k
-0.91%
net assets
Total assets minus all liabilities
sovereign business jets limited company details
company number
04806292
Type
Private limited with Share Capital
industry
51102 - Non-scheduled passenger air transport
incorporation date
June 2003
age
21
accounts
Total Exemption Full
ultimate parent company
previous names
concierge aviation limited (September 2014)
incorporated
UK
address
buncton barn buncton lane, bolney, haywards heath, england, RH17 5RE
last accounts submitted
March 2023
sovereign business jets limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 4 charges/mortgages relating to sovereign business jets limited. Currently there are 0 open charges and 4 have been satisfied in the past.
sovereign business jets limited Companies House Filings - See Documents
date | description | view/download |
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