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Sovereign Data Connect Limited

07807835

liquidation
Private Limited Company
england wales
Companies House
1 outstanding charge
Insolvency history
Health Score
N/A

Details

VERULAM ADVISORY FIRST FLOOR THE ANNEXE NEW BARNES MILL, ST ALBANS, AL1 2HA
Incorporated 12/10/2011

Compliance

Last accounts

31/03/2020

full

Next accounts due

30/12/2021

Overdue

Confirmation statement

Last: 12/10/2021

Due 26/10/2022

Overdue

Industry

62090
Other information technology service activities

Officers

Mr Richard David Barker

director · Since 12/10/2011

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 7 other boards

Mr Roger Graham Smith

director · Since 12/10/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 79

Also on 4 other boards

Persons with Significant Control

Sovereign Business Integration Group Plc

75–100% shares

1a, Chalk Lane, Barnet, EN4 9JQ

Reg: 2991219 · Companies House England & Wales · Public Limited Company

Notified 06/04/2016

Former PSCs

Mr Darryl Mark Murphy

Ceased 12/10/2017

Charges1 outstanding

Mortgage debenture
outstanding

Svenska Handelsbanken Ab (Publ)

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 29/05/2012Registered 07/06/2012

Insolvency History1 case

creditors voluntary liquidation17/11/2022

William John Turner (practitioner) · Peter Nicholas Wastell (practitioner)

CompanyRankvs 15+ SIC 62090 peers
6

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.92× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

appropriate; or the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue . Other information The directors are responsible for the

Key FinancialsYear ending 31/03/2020

Turnover

£759k

Annual revenue

Net Worth

-£3.9M

Balance sheet strength

Cash

£12k

Cash in the bank

Profit Before Tax

-£194k

Bottom line earnings

Net Current Assets

-£13k

Working capital

Current Assets

£148k

Current Liabilities

£161k

Fixed Assets

£2.4M

Debtors

£136k

Cost of Sales

£298k

Gross Profit

£462k

Admin Expenses

£611k

Operating Profit

-£150k

Profit After Tax

-£194k

1avg. employees-2

People Costs(2019)

Wages & salaries£85k
NI contributions£11k

Balance Sheet

Assets less current liabilities£2.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20200.92-£194k
20190.01

Derived from filed accounts. Not audited figures.