SOVINI CONSTRUCTION LIMITED

1. SOVINI CONSTRUCTION LIMITED 2020-10-02 → present
2. CARROLL BUILD LIMITED 2017-01-26 → 2020-10-02
3. W.CARROLL & SONS LIMITED 1999-03-25 → 2017-01-26

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The expected performance and commitments of Sovini Construction Limited over the short and medium term have been reviewed and considered, and there is a reasonable expectation that Sovini Construction Limited has adequate resources to continue in operational existence for foreseeable future, thus ensuring a period of at least 12 months after the date on which the report and financial statements are signed. For this reason, the Board continues to adopt the going concern basis in the financial statements.”

Significant events

• “Turnover for the year decreased from £25.8m to £17.3m, reflecting the impact of stalled investment decisions across the sector and a cautious market response to ongoing economic and political uncertainty.”
• “The positive outcome of the Spending Review 2025 has provided renewed confidence in the sector, and Sovini Construction Limited are well-positioned to respond to any uplift in demand.”
• “In partnership with Sovini Land Acquisitions Limited, we are actively progressing several strategic land sites, expected to yield an additional 300-350 homes from 2025/26 onwards.”
• “During 2025, we delivered a high volume of house completions, enabling our clients to draw down affordable housing grant from Homes England.”
• “Restructure undertaken to mitigate costs while awaiting government confirmation for new affordable housing programme, delaying Stockham Lane and Grafton sites.”
• “Following Ian Fazakerley's retirement, succession planning ensured immediate appointment of a new Executive Director with deep company-specific knowledge, supporting continuity and strategic leadership.”
• “Sovini Construction Limited is working with Sovini Limited to implement a new ERP system, with go-live anticipated in early 2026/27 to support project management and financial integration.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -33%

  £25,750,000 → £17,250,000

• Cash

  -2.2%

  £271,000 → £265,000

• Net assets

  +2.3%

  -£818,000 → -£799,000

• Employees

  -20%

  20 → 16

• Operating profit

  -240.7%

  -£81,000 → -£276,000

• Profit before tax

  0%

  £20,000 → £20,000

• Wages

  -3.6%

  £1,301,000 → £1,254,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers