Sovex offers unparalleled benefits to businesses through a broad range of innovative vehicle loaders, conveyor modules, machine servicing and spare parts packages. Bespoke design, manufacturing and installation as well as extensive after-sales care and service plans ensure you receive the best in customer service. An award-winning, multi-million pound operation; Sovex has experienced exponential growth both domestically and overseas since foundation in 2002. As a result we continue to invest in expert personnel and tailored facilities at home and abroad that enable us to provide the best in material handling equipment for the most advanced manufacturing and distribution applications worldwide. Delivering major efficiencies to clients across a host of industries and sectors including, but not limited to - warehousing, distribution, wholesale and retail sectors, we are committed to providing conveyor solutions that save your businesses both time and money. With rapidly developing technology and demand for high speed, high throughput, high volume handling facilities – our acclaimed design team and expert engineers will work with you to design a solution that meets your needs and overcomes challenges specific to you. We’ll help you project manage the whole process from planning right through to implementation whilst also providing after care servicing and maintenance. Now widely recognised as the forerunner for bespoke product development in the conveyor industry, a reputation only enhanced after bespoke vehicle loading solutions have been tailored for blue-chip clients such as DPD, TK Maxx and Her Majesties Naval Base.
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Birkenhead, GB
Size (employees)
50 (est)-5%
Sovex is headquartered in Birkenhead, GB
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Sovex Office Locations

Sovex has offices in Kluang, Birkenhead, Venray and Fort Worth
Birkenhead, GB (HQ)
Prenton Way Business Units Prenton Way
Birkenhead, GB
Kluang, MY
33 Jalan 20
Venray, NL
26 Macroweg
Fort Worth, US
2810 Avenue E
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Sovex Financials and Metrics

Summary Metrics

Total Funding

$750 k

Latest funding size

$750 k

Time since last funding

5 years ago


Sovex's latest funding round in July 2013 was reported to be $750 k. In total, Sovex has raised $750 k
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Sovex Financials

Sovex's revenue was reported to be £16.10 m in FY, 2016

Revenue (FY, 2016)

16.1 m

Gross profit (FY, 2016)

1.9 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(5.4 m)

EBITDA (FY, 2016)

(4.5 m)

EBIT (FY, 2016)

(4.7 m)

Cash (31-Dec-2016)

63.7 k
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


5.8 m8.6 m13.1 m20.4 m23.4 m20.9 m16.1 m

Revenue growth, %


Cost of goods sold

4.3 m6 m9.4 m15.7 m16.3 m17.2 m14.2 m

Gross profit

1.6 m2.6 m3.8 m4.7 m7.1 m3.7 m1.9 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


25.3 k164.5 k14.2 k16.1 k68.3 k39.9 k1.8 m284.9 k44.8 k63.7 k

Accounts Receivable

1.1 m1.3 m1.7 m708.4 k2.1 m2.2 m5.1 m7.4 m3.7 m3.7 m


655.3 k1 m851 k631.3 k707.7 k702.4 k1.3 m1.6 m709.7 k713.3 k

Current Assets

1.8 m2.4 m2.6 m1.5 m3.2 m3.2 m8.7 m9.7 m5.6 m7.5 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(331.1 k)298.4 k449.8 k495.1 k1.7 m(2 m)(5.4 m)

Cash From Operating Activities

604.8 k635.9 k2.8 m2.2 k

Cash From Financing Activities

(200.6 k)(250.3 k)388.7 k(300 k)

Net Change in Cash

52.2 k(28.4 k)1.8 m(1.6 m)
GBPY, 2016


263.9 k

Financial Leverage

-1.3 x
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