sovereign business jets limited

3.5

sovereign business jets limited Company Information

Share SOVEREIGN BUSINESS JETS LIMITED
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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

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Directors

Derek Jacobson5 Years

Jonathan Ball5 Years

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Shareholders

aviation by westminster ltd 44%

calibre investments ltd 44%

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sovereign business jets limited Estimated Valuation

£4.4m

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

£1.6m

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

£0

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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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

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £10.6m, make it smaller than the average company (£15m)

£10.6m - Sovereign Business Jets Limited

£15m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 90%, show it is growing at a faster rate (1.8%)

90% - Sovereign Business Jets Limited

1.8% - Industry AVG

production

Production

with a gross margin of 15.8%, this company has a comparable cost of product (15.8%)

15.8% - Sovereign Business Jets Limited

15.8% - Industry AVG

profitability

Profitability

an operating margin of 4.7% make it more profitable than the average company (3%)

4.7% - Sovereign Business Jets Limited

3% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (55)

4 - Sovereign Business Jets Limited

55 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.6k, the company has an equivalent pay structure (£57.6k)

£57.6k - Sovereign Business Jets Limited

£57.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £2.7m, this is more efficient (£238.3k)

£2.7m - Sovereign Business Jets Limited

£238.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is later than average (27 days)

36 days - Sovereign Business Jets Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is quicker than average (32 days)

24 days - Sovereign Business Jets Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 127 days, this is more than average (17 days)

127 days - Sovereign Business Jets Limited

17 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sovereign Business Jets Limited Competitor Analysis

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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 Shareholders

aviation by westminster ltd 44%
calibre investments ltd 44%
patrick tilley 12%

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).

officercountryagestartendrole
Mr Derek JacobsonEngland44 years Mar 2019- Director
Mr Jonathan BallUnited Kingdom50 years Mar 2019- Director
Mr Jonathan BallEngland50 years Mar 2019- Director
Mr Derek JacobsonEngland44 years Mar 2019- Director
Mr Eugene MelfiEngland46 years Mar 2023- Director

SOVEREIGN BUSINESS JETS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Nov 2018Nov 2017Nov 2016Jan 2016Aug 2015Aug 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover10,604,70110,069,6441,848,0111,551,2273,828,6322,869,7433,660,9222,186,672399,7467,808,643844,7412,273,7452,230,030760,3930
Other Income Or Grants000000000000000
Cost Of Sales8,928,7998,433,4531,569,6021,304,9413,095,4902,292,0302,969,3351,775,709325,9976,346,032709,1261,861,7821,806,131655,7940
Gross Profit1,675,9021,636,191278,408246,286733,141577,713691,587410,96373,7501,462,611135,614411,963423,899104,5990
Admin Expenses1,177,8162,018,1741,174,0001,466,904-152,37825,1111,547,073-455,170-1,290,9192,523,251190,689412,289424,20097,8300
Operating Profit498,086-381,983-895,592-1,220,618885,519552,602-855,486866,1331,364,669-1,060,640-55,075-326-3016,7690
Interest Payable4,7263,3361,5250029,58828,49200000000
Interest Receivable34,5365,766575751678154016913115936361134630
Pre-Tax Profit527,895-379,553-897,060-1,220,561886,036523,795-883,439866,3031,364,800-1,060,481-54,712286455,5320
Tax-100,300000-168,347-99,5210-173,260-272,96000-69-12-6300
Profit After Tax427,595-379,553-897,060-1,220,561717,689424,274-883,439693,0421,091,840-1,060,481-54,712217334,9020
Dividends Paid00000000000004,9000
Retained Profit427,595-379,553-897,060-1,220,561717,689424,274-883,439693,0421,091,840-1,060,481-54,7122173320
Employee Costs230,580111,302506,378841,082600,701592,008662,263691,183106,8351,548,743143,750499,918493,056197,3330
Number Of Employees421016121314142323101040
EBITDA*517,013-363,151-871,742-1,190,473885,938553,623-854,368866,2061,364,669-1,060,640-55,0754744997,4360

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Nov 2018Nov 2017Nov 2016Jan 2016Aug 2015Aug 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets23,42742,35461,18682,41203,7573,5607830009331,7332,5330
Intangible Assets000000000000000
Investments & Other00000336,800336,80000001000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets23,42742,35461,18682,4120340,557340,3607830009341,7332,5330
Stock & work in progress3,126,3023,156,70200001,456,00000000000
Trade Debtors1,063,349697,96223,99111,225593,164255,804214,323215,92636,31279,03836,962150,636144,4313,3180
Group Debtors000000138,15800000000
Misc Debtors963,165305,071194,496176,830167,344306,265284,505356,82314,52800016,97466,9050
Cash138,0431,487,16050,39863,97050,08087,642120,60195,29912,45839,96923,470121,859122,64915,6390
misc current assets000000000000000
total current assets5,290,8595,646,895268,885252,025810,588649,7112,213,587668,04863,298119,00760,432272,495284,05485,8620
total assets5,314,2865,689,249330,071334,437810,588990,2682,553,947668,83163,298119,00760,432273,429285,78788,3950
Bank overdraft6,6186,6180000268,55000000000
Bank loan000000000000000
Trade Creditors 602,3391,205,287321,21594,586147,685282,385140,45783,58833,0731,233,548114,492272,777285,35211,1500
Group/Directors Accounts612,3511,966,7882,030,751001,240,9032,651,050905,5260000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities6,288,7725,128,486208,7011,623,387825,878347,644190,689101,21652,926000076,8430
total current liabilities7,510,0808,307,1792,560,6671,717,973973,5631,870,9323,250,7461,090,33085,9991,233,548114,492272,777285,35287,9930
loans36,76042,21950,000000608,13900000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities36,76042,21950,000000608,13900000000
total liabilities7,546,8408,349,3982,610,6671,717,973973,5631,870,9323,858,8851,090,33085,9991,233,548114,492272,777285,35287,9930
net assets-2,232,554-2,660,149-2,280,596-1,383,536-162,975-880,664-1,304,938-421,499-22,701-1,114,541-54,0606524354020
total shareholders funds-2,232,554-2,660,149-2,280,596-1,383,536-162,975-880,664-1,304,938-421,499-22,701-1,114,541-54,0606524354020
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Nov 2018Nov 2017Nov 2016Jan 2016Aug 2015Aug 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit498,086-381,983-895,592-1,220,618885,519552,602-855,486866,1331,364,669-1,060,640-55,075-326-3016,7690
Depreciation18,92718,83223,85030,1454191,0211,118730008008006670
Amortisation000000000000000
Tax-100,300000-168,347-99,5210-173,260-272,96000-69-12-6300
Stock-30,4003,156,702000-1,456,0001,456,00000000000
Debtors1,023,481784,54630,432-572,453198,439-74,91764,237493,711-28,19842,076-113,674-10,76991,18270,2230
Creditors-602,948884,072226,629-53,099-134,700141,92856,869-1,149,960-1,200,4751,119,056-158,285-12,575274,20211,1500
Accruals and Deferred Income1,160,2864,919,785-1,414,686797,509478,234156,95589,473101,21652,926000-76,84376,8430
Deferred Taxes & Provisions000000000000000
Cash flow from operations-19,0301,499,458-2,090,231126,390862,6862,283,902-2,228,263-849,509-27,64216,340-99,686-1,401106,66424,5760
Investing Activities
capital expenditure00-2,624-112,5573,338-1,218-3,895-8560093300-3,2000
Change in Investments0000-336,8000336,800000-11000
cash flow from investments00-2,624-112,557340,138-1,218-340,695-85600934-10-3,2000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-1,354,437-63,9632,030,7510-1,240,903-1,410,1471,745,524905,5260000000
Other Short Term Loans 000000000000000
Long term loans-5,459-7,78150,00000-608,139608,13900000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000000004000
interest29,8102,430-1,46857516-28,807-27,95216913115936361134630
cash flow from financing-1,330,086-69,3142,079,28357-1,240,387-2,047,0932,325,711905,6951311593636113464030
cash and cash equivalents
cash-1,349,1171,436,762-13,57213,890-37,562-32,95925,30255,330-27,51116,499-98,389-790107,01015,6390
overdraft06,618000-268,550268,55000000000
change in cash-1,349,1171,430,144-13,57213,890-37,562235,591-243,24855,330-27,51116,499-98,389-790107,01015,6390

P&L

March 2023

turnover

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 2023

net 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

None

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.

charges

sovereign business jets limited Companies House Filings - See Documents

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