SOVEREIGN BUSINESS INTEGRATION GROUP PLC Credit Check Report

Company Overview

Sovereign Business Integration Group Plc is listed at the official companies registry as in Liquidation Public Limited Company. The company was incorporated on Wednesday 16 November 1994, so this is a well established company. Sovereign Business Integration Group Plc has been in business for 31 years and 4 months. The accounts status is group and the accounts are next due on Monday 27 September 2021.

Registered Address

Verulam Advisory First Floor The Annexe New Barnes Mill, Cottonmill Lane, St Albans, Herts, AL1 2HA

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Companies House Data

Company Name	SOVEREIGN BUSINESS INTEGRATION GROUP PLC
Company Number	02991219
Registered Office Address	Verulam Advisory First Floor The Annexe New Barnes Mill
	Cottonmill Lane
	AL1 2HA
Company Category	Public Limited Company
Company Status	Liquidation
Country of Origin	United Kingdom
Incorporation Date	16/11/1994
Accounting Reference Date Day	27
Accounting Reference Date Month	3
Accounts Next Due Date	27/09/2021
Accounts Last Made Up Date	31/03/2020
Accounts Account Category	GROUP
Returns Next Due Date	14/12/2016
Returns Last Made Up Date	16/11/2015

Previous Company Name	Changed Date
SOVEREIGN BUSINESS INTEGRATION PLC	16 Apr 2012

Directors & Members

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	Roy Alexander - Director (British, 66 years old, born May 1960) Appointed 02 January 2019, Resigned 27 January 2019	Resigned
	Louise Barker - Director (British, 47 years old, born March 1979) Appointed 01 June 2011, Resigned 29 January 2015	Resigned
	Richard Barker - Director (British, 80 years old, born December 1946) Appointed 16 November 1994	Active
	Geoffrey Barnes - Director (British, 81 years old, born April 1945) Appointed 03 April 1995, Resigned 14 September 1998	Resigned
	Iain Bell - Director (British, 61 years old, born September 1965) Appointed 24 October 2019, Resigned 25 February 2020	Resigned
	Deborah Brazier - Director (British, 59 years old, born February 1967) Appointed 26 February 2008, Resigned 28 November 2008	Resigned
	Mark Breen - Director (British, 57 years old, born August 1969) Appointed 01 May 2013, Resigned 27 November 2014	Resigned
	Michael Bull - Director (British, 82 years old, born December 1944) Appointed 29 October 2002, Resigned 15 August 2004	Resigned
	Andrew Cristin - Director (British, 61 years old, born October 1965) Appointed 20 August 2004, Resigned 01 October 2006	Resigned
	Andrew Cristin - Director (British, 61 years old, born October 1965) Appointed 01 December 2008, Resigned 12 July 2012	Resigned
	Terence Dann - Director (British, 77 years old, born October 1949) Appointed 28 November 2006, Resigned 12 June 2009	Resigned
	Terence Dann - Director (British, 77 years old, born October 1949) Appointed 12 March 2018, Resigned 31 January 2019	Resigned
	Jason Dickens - Director (British, 43 years old, born January 1983) Appointed 08 February 2019, Resigned 09 September 2019	Resigned
	Kevin Doran - Director (British, 57 years old, born May 1969) Appointed 01 June 2011, Resigned 04 November 2016	Resigned
	Robert Driver - Director (British, 42 years old, born March 1984) Appointed 12 March 2018, Resigned 31 January 2019	Resigned
	Francis Elwick - Director (Uk, 75 years old, born October 1951) Appointed 25 June 2002, Resigned 04 October 2002	Resigned
	Andrew Fairey - Director (British, 58 years old, born May 1968) Appointed 24 October 2019, Resigned 01 August 2020	Resigned
	Christopher French - Director (British, 90 years old, born August 1936) Appointed 30 January 2001, Resigned 31 October 2001	Resigned
	Adrian Giles - Director (British, 60 years old, born September 1966) Appointed 28 October 2015, Resigned 04 November 2016	Resigned
	John Grisman - Director (British, 78 years old, born September 1948) Appointed 03 April 1995, Resigned 09 October 2002	Resigned
	Karen Hilton - Director (British, 54 years old, born August 1972) Appointed 19 December 2006, Resigned 16 November 2007	Resigned
	Martin Howard - Director (British, 67 years old, born April 1959) Appointed 28 October 2015, Resigned 02 February 2018	Resigned
	Stephen James - Director (British, 63 years old, born May 1963) Appointed 29 October 2002, Resigned 20 August 2004	Resigned
	David Jerwood - Director (English, 45 years old, born December 1981) Appointed 12 March 2018, Resigned 06 February 2019	Resigned
	Lorna Leonard - Director (British, 59 years old, born September 1967) Appointed 12 July 2012, Resigned 04 February 2013	Resigned
	Michael Miller - Director (British, 73 years old, born November 1953) Appointed 24 November 1998, Resigned 27 January 2000	Resigned
	Darryl Murphy - Director (English, 57 years old, born March 1969) Appointed 13 April 2016, Resigned 11 November 2016	Resigned
	Gary O'sullivan - Director (British, 54 years old, born June 1972) Appointed 25 June 2002, Resigned 03 September 2010	Resigned
	Gary O'sullivan - Director (British, 54 years old, born June 1972) Appointed 24 November 1998, Resigned 23 April 2001	Resigned
	Dudley Pound - Director (British, 77 years old, born March 1949) Appointed 29 October 2002, Resigned 08 February 2006	Resigned
	Dudley Pound - Director (British, 77 years old, born March 1949) Appointed 02 October 2008, Resigned 02 July 2010	Resigned
	Alexander Riddick - Director (British, 53 years old, born December 1973) Appointed 01 June 2011, Resigned 01 November 2018	Resigned
	Michael Rutherford - Director (British, 56 years old, born July 1970) Appointed 31 July 2014, Resigned 04 April 2016	Resigned
	Joanna Sedley-Burke - Director (British, 58 years old, born April 1968) Appointed 01 November 2006, Resigned 12 October 2021	Resigned

Secretaries

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	Heather Barker - Secretary (British) Appointed 16 November 1994, Resigned 01 July 2021	Resigned

Other Company Directorships

Richard Barker
MEDICHAIN LIMITED
PABLO LONDON LIMITED
SECURETRAK LIMITED
SECURETRAK SUPPLY CHAIN LTD
SOVEREIGN BUSINESS LINK LIMITED
SOVEREIGN BUSINESS RESOURCES LIMITED
SOVEREIGN DATA CONNECT LIMITED
THE MATRIX KNOWLEDGE GROUP LIMITED

Balance Sheet

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Accounts Date	31-Mar-2020	31-Mar-2019	31-Mar-2018
Balance Sheet
Fixed Assets	38,386	123,603	187,440
Current Assets	7,498,760	7,768,434	7,962,273
Creditors Due Within One Year	1,856,142	1,933,898	1,994,347
Working Cap	5,642,618	5,834,536	5,967,926
Total Assets Less Current Liabilities	5,681,004	5,958,139	6,155,366
Long-term Liabilities	590,860	5,921,297	20,937
Net Assets	5,090,144	36,842	6,134,429
Share Capital & Reserves
Share Cap	-	-	-
Profit & Loss Reserves	-	-	-
Other Reserves	-	-	-
Shareholders Funds	5,090,144	36,842	6,134,429

Common Size Financial Analysis

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Accounts Date	31-Mar-2020	31-Mar-2019	31-Mar-2018
Tangible Fixed Assets	-	-	-
Fixed Assets	0.5%	1.6%	2.3%
Stocks Inventory	-	-	-
Debtors	99.5%	98.4%	97.7%
Cash Bank In Hand	0.0%	0.0%	0.0%
Current Assets	99.5%	98.4%	97.7%
Creditors Due Within One Year	24.6%	24.5%	24.5%
Net Current Assets Liabilities	74.9%	73.9%	73.2%
Creditors Due After One Year	-	-	-
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	-	-	-
Called Up Share Capital	-	-	-
Share Capital Allotted Called Up Paid	-	-	-
Profit Loss Account Reserve	-	-	-
Shareholder Funds	67.5%	0.5%	75.3%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	75.4%	75.5%	75.5%

Financial Ratio Analysis

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Accounts Date	31-Mar-2020	31-Mar-2019	31-Mar-2018
Liquidity Ratio	4.0	4.0	4.0
Solvency Ratio	3.1	1.0	4.0
Reserves to Assets	-	-	-

Secured Creditors

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Mortgages Charges	1
Mortgages Outstanding	0
Mortgages Part Satisfied	0
Mortgages Satisfied	1

Assets and Debt Analysis

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Accounts Date	31-Mar-2020	31-Mar-2019	31-Mar-2018
Assets	7,537,146	7,892,037	8,149,713
Debt	2,447,002	7,855,195	2,015,284
Net Assets/Debt	5,090,144	36,842	6,134,429

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The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Liquidation.

Unlock full report The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Liquidation. The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

Other Business around AL1 2HA

	THE GREEN MEDICAL CENTRE LTD New Barnes Mill, Cottonmill Lane, St Albans, Hertfordshire, AL1 2HA
	RED ENGINE EUROPE LTD New Barnes Mill, Cottonmill Lane, St. Albans, Hertfordshire, AL1 2HA
	ASSETWARE LIMITED RIVERS LODGE, WEST COMMON, HARPENDEN, AL1 2HA
	51 THE DRIVE MANAGEMENT COMPANY LIMITED New Barnes Mill, Cottonmill Lane, St Albans, Hertfordshire, AL1 2HA
	BLACKS OF SOPWELL LIMITED NORTH BARN D, COTTONMILL LANE, ST. ALBANS, AL1 2HA
	RED ENGINE MEDIA LTD Charter House, 161 Newhall Street, Birmingham, AL1 2HA
	HEALTH BOOKS INTERNATIONAL LTD 13 St. Margarets Square, Cambridge, AL1 2HA
	READYDOMAINS LTD New Barnes Mill, Cottonmill Lane, St. Albans, Hertfordshire, AL1 2HA
	HOLLYWELL BUILDING SERVICES LIMITED NEW BARNES MILL, COTTONMILL LANE, ST. ALBANS, AL1 2HA
	SOPWELL PROPERTIES LIMITED NEW BARNES MILL ANNEXE, COTTONMILL LANE, ST ALBANS, HERTS, AL1 2HA

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