sovereign hire ltd
sovereign hire ltd Company Information
Company Number
12381763
Next Accounts
Sep 2025
Shareholders
tahir mahmood
khizer hayat
Group Structure
View All
Industry
Renting and leasing of cars and light motor vehicles
Registered Address
177 lees road, oldham, lancashire, OL4 1JP
Website
-sovereign hire ltd Estimated Valuation
Pomanda estimates the enterprise value of SOVEREIGN HIRE LTD at £327.2k based on a Turnover of £612.6k and 0.53x industry multiple (adjusted for size and gross margin).
sovereign hire ltd Estimated Valuation
Pomanda estimates the enterprise value of SOVEREIGN HIRE LTD at £0 based on an EBITDA of £-35.9k and a 2.46x industry multiple (adjusted for size and gross margin).
sovereign hire ltd Estimated Valuation
Pomanda estimates the enterprise value of SOVEREIGN HIRE LTD at £0 based on Net Assets of £-50.9k and 2.24x industry multiple (adjusted for liquidity).
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Sovereign Hire Ltd Overview
Sovereign Hire Ltd is a live company located in lancashire, OL4 1JP with a Companies House number of 12381763. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in December 2019, it's largest shareholder is tahir mahmood with a 50% stake. Sovereign Hire Ltd is a young, small sized company, Pomanda has estimated its turnover at £612.6k with rapid growth in recent years.
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Sovereign Hire Ltd Health Check
Pomanda's financial health check has awarded Sovereign Hire Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £612.6k, make it smaller than the average company (£16.5m)
- Sovereign Hire Ltd
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (8.3%)
- Sovereign Hire Ltd
8.3% - Industry AVG
Production
with a gross margin of 19%, this company has a higher cost of product (31.9%)
- Sovereign Hire Ltd
31.9% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (11.8%)
- Sovereign Hire Ltd
11.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (44)
- Sovereign Hire Ltd
44 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)
- Sovereign Hire Ltd
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £612.6k, this is more efficient (£321.5k)
- Sovereign Hire Ltd
£321.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (33 days)
- Sovereign Hire Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 212 days, this is slower than average (22 days)
- Sovereign Hire Ltd
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sovereign Hire Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sovereign Hire Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.5%, this is a higher level of debt than the average (79.1%)
119.5% - Sovereign Hire Ltd
79.1% - Industry AVG
SOVEREIGN HIRE LTD financials
Sovereign Hire Ltd's latest turnover from December 2023 is estimated at £612.6 thousand and the company has net assets of -£50.9 thousand. According to their latest financial statements, we estimate that Sovereign Hire Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 252,168 | 195,494 | 80,910 | 45,000 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 252,168 | 195,494 | 80,910 | 45,000 |
| Stock & work in progress | ||||
| Trade Debtors | 8,919 | 2,127 | 59,164 | 43,057 |
| Group Debtors | ||||
| Misc Debtors | ||||
| Cash | ||||
| misc current assets | ||||
| total current assets | 8,919 | 2,127 | 59,164 | 43,057 |
| total assets | 261,087 | 197,621 | 140,074 | 88,057 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 289,314 | 179,171 | 101,712 | 55,894 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 289,314 | 179,171 | 101,712 | 55,894 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 22,637 | 33,403 | 44,412 | 50,000 |
| provisions | ||||
| total long term liabilities | 22,637 | 33,403 | 44,412 | 50,000 |
| total liabilities | 311,951 | 212,574 | 146,124 | 105,894 |
| net assets | -50,864 | -14,953 | -6,050 | -17,837 |
| total shareholders funds | -50,864 | -14,953 | -6,050 | -17,837 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | 6,792 | -57,037 | 16,107 | 43,057 |
| Creditors | 110,143 | 77,459 | 45,818 | 55,894 |
| Accruals and Deferred Income | ||||
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | -10,766 | -11,009 | -5,588 | 50,000 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | ||||
| overdraft | ||||
| change in cash |
sovereign hire ltd Credit Report and Business Information
Sovereign Hire Ltd Competitor Analysis
Perform a competitor analysis for sovereign hire ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in OL4 area or any other competitors across 12 key performance metrics.
sovereign hire ltd Ownership
SOVEREIGN HIRE LTD group structure
Sovereign Hire Ltd has no subsidiary companies.
Ultimate parent company
SOVEREIGN HIRE LTD
12381763
sovereign hire ltd directors
Sovereign Hire Ltd currently has 2 directors. The longest serving directors include Mr Khizer Hayat (Dec 2019) and Mr Tahir Mahmood (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Khizer Hayat | United Kingdom | 47 years | Dec 2019 | - | Director |
| Mr Tahir Mahmood | England | 44 years | Jul 2023 | - | Director |
P&L
December 2023turnover
612.6k
+82%
operating profit
-35.9k
0%
gross margin
19%
+0.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-50.9k
+2.4%
total assets
261.1k
+0.32%
cash
0
0%
net assets
Total assets minus all liabilities
sovereign hire ltd company details
company number
12381763
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
December 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
177 lees road, oldham, lancashire, OL4 1JP
Bank
-
Legal Advisor
-
sovereign hire ltd 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 did not find charges/mortgages relating to sovereign hire ltd.
sovereign hire ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for SOVEREIGN HIRE LTD. This can take several minutes, an email will notify you when this has completed.
sovereign hire ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
