SOVEREIGN WEALTH LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-01 (in 8mo)
Last made up 2025-12-18
Watchouts
None on the register
Cash
£608K
-80.2% vs 2023
Net assets
£8M
-24.9% vs 2023
Employees
48
+26.3% highest in 5 filed years
Profit before tax
-£2M
+10.5% vs 2023
Name history
Renamed 1 time since incorporation
- SOVEREIGN WEALTH LIMITED 2020-11-17 → present
- SOVEREIGN RESERVE LIMITED 2010-01-04 → 2020-11-17
Net assets
5-year trend · vs Financials median
Accounts
5-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Current ratio | — | 0.10x | 0.32x | — | — |
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.
Audit & accounting basis
- 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.”
Group structure
- SOVEREIGN WEALTH LIMITED · parent
- Deal Assured Limited 100%
- GGC IFA Holdings Ltd 100%
- P S Financial Services Ltd 100%
- Watson Wealth Management Limited 100%
- Flavell Wealth Management Ltd 100%
- PFPD Limited 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2023-03-22 MA Memorandum articles
- 2023-03-22 RESOLUTIONS Resolution
- 2023-03-17 RESOLUTIONS Resolution
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-80.2%
£3,079,874 £608,489
-
Net assets
-24.9%
£10,133,443 £7,615,003
-
Employees
+26.3%
38 48
highest in 5 filed years
-
Profit before tax
+10.5%
-£2,275,011 -£2,036,035
-
Wages
+139.6%
£1,370,462 £3,284,178
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers