UK Companies House feature
SOVEREIGN WEALTH LIMITED
Cash
£608K
-80.2% vs 2023
Net assets
£8M
-24.9% vs 2023
Employees
48
+26.3% vs 2023
Profit before tax
-£2M
+10.5% vs 2023
Profile
- Company number
- 07115386
- Status
- Active
- Incorporation
- 2010-01-04
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
5-year trend · vs UK Fintech median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | -£2,275,011 | -£2,036,035 | |
| Net profit | — | — | — | -£2,729,022 | -£2,518,440 | |
| Cash | £26,465 | £55,972 | £179,729 | £3,079,874 | £608,489 | |
| Total assets less current liabilities | £10,185,654 | £31,644,968 | £33,760,243 | £20,669,443 | £16,911,665 | |
| Net assets | £3,344,505 | £19,112,770 | £23,027,291 | £10,133,443 | £7,615,003 | |
| Equity | £3,344,505 | — | — | £10,133,443 | £7,615,003 | |
| Average employees | 0 | 35 | 33 | 38 | 48 | |
| Wages | — | — | — | £1,370,462 | £3,284,178 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- DJH Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and the anticipated cashflows, availability of bank facilities and mitigating actions that can be taken during that period.”
Subsidiaries
- Deal Assured Limited · 100% held · UK
- GGC IFA Holdings Ltd · 100% held · UK
- P S Financial Services Ltd · 100% held · UK
- Watson Wealth Management Limited · 100% held · UK
- Flavell Wealth Management Ltd · 100% held · UK
- PFPD Limited · 100% held · UK
Significant events
- “Sovereign had another year of substantial new client investments (Gross Inflows) of £196m (2023: £191m). The positive momentum in funds flow contributed to a year-on-year increase in funds under management (FUM) of 12.1%, and as at 31 December 2024 FUM totalled £3.14bn (2023: £2.80bn).”
- “Adviser headcount grew by 17%, reflecting ongoing investment in our people and our continued support for the St. James's Place Academy.”
- “The Board took the prudent decision to suspend dividend distributions in 2024 to £Nil (2023: £786k), conserving capital for reinvestment and future strategic opportunities.”
- “Sovereign remains focused on expanding its UK footprint organically through adviser growth, while longer term, continuing to assess and execute strategic acquisitions.”
- “Internationally, we are strengthening our presence in Hong Kong, Singapore, and Dubai, which offer long-term growth opportunities in wealth management services for expatriates and internationally mobile clients.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARDON, Charles James | Director | 2010-01-04 | Aug 1979 | British |
| MARDON, Janette | Director | 2010-01-04 | Aug 1979 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sovereign Wealth Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-17 | Active |
| Sovereign Advisory Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-19 | Ceased 2023-03-17 |
| Mr Charles James Mardon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-12-19 |
| Mrs Janette Mardon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-12-19 |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-05 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-12-12 | AD01 | address | change registered office address company with date old address new address |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-01-07 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-01-07 | CH01 | officers | change person director company with change date |
| 2025-01-07 | CH01 | officers | change person director company with change date |
| 2024-10-07 | AA | accounts | accounts with accounts type full |
| 2024-01-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-11-06 | AA | accounts | accounts with accounts type total exemption full |
| 2023-03-22 | SH08 | capital | capital name of class of shares |
| 2023-03-22 | MA | incorporation | memorandum articles |
| 2023-03-22 | RESOLUTIONS | resolution | resolution |
| 2023-03-17 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2023-03-17 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-03-17 | SH01 | capital | capital allotment shares |
| 2023-03-17 | SH19 | capital | capital statement capital company with date currency figure |
| 2023-03-17 | SH20 | capital | legacy |
| 2023-03-17 | CAP-SS | insolvency | legacy |
| 2023-03-17 | RESOLUTIONS | resolution | resolution |
| 2023-03-17 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-2.93
DISTRESS
Altman Z″
- Working capital / Total assets -0.465 × 6.56 = -3.05
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.021 × 6.72 = -0.14
- Book equity / Total liabilities 0.248 × 1.05 = +0.26
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
21.5
COLD
/ 100
- Filings velocity 25
- Capital events 0
- Officer churn 0
- Headcount trajectory 76
- Accounts trajectory 25
- 3 filing(s) in last 12 months
- Employees +26% YoY
- Net Assets -25% YoY