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.
Company Growth (employees)
Type
Private
HQ
Birkenhead, GB
Size (employees)
64 (est)+5%
Sovex is headquartered in Birkenhead, GB

Sovex Office Locations

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

Sovex Data and Metrics

Summary Metrics

Total Funding

$750 k

Latest funding size

$750 k

Time since last funding

about 4 years

Investors

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

Sovex Financial Metrics

Sovex's revenue was reported to be £20.9 m in FY, 2015 which is a 11% decrease from the previous period.
GBP

Revenue (FY, 2015)

20.9 m

Revenue growth (FY, 2014 - FY, 2015), %

(11%)

Gross profit (FY, 2015)

3.7 m

Gross profit margin (FY, 2015), %

18%

Net income (FY, 2015)

(2 m)

Cash (31-Dec-2015)

44.8 k
GBPFY, 2013FY, 2014FY, 2015

Revenue

20.4 m23.4 m20.9 m

Revenue growth, %

15%(11%)

Cost of goods sold

15.7 m16.3 m17.2 m

Gross profit

4.7 m7.1 m3.7 m

Gross profit Margin, %

23%30%18%

Operating expense total

3.9 m5 m5.2 m

Pre tax profit

649.3 k1.8 m(2 m)

Net Income

495.1 k1.7 m(2 m)
GBPFY, 2013FY, 2014FY, 2015

Cash

1.8 m284.9 k44.8 k

Accounts Receivable

5.1 m7.4 m3.7 m

Current Assets

8.7 m9.7 m5.6 m

PP&E

537.7 k745.9 k383.2 k

Goodwill

1.6 m1.9 m332.3 k

Total Assets

10.9 m12.3 m6.3 m

Accounts Payable

3.6 m4.5 m3 m

Current Liabilities

9.4 m9.2 m9.3 m

Total Liabilities

10.3 m9.9 m10 m

Retained Earnings

495.1 k1.7 m(2 m)

Total Equity

584.7 k2.4 m(3.7 m)

Financial Leverage

18.6 x5.2 x-1.7 x
GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

2.8 m2.2 k

Cash From Financing Activities

388.7 k(300 k)

Income Taxes Paid

(154.3 k)(85.9 k)18.7 k
Y, 2015

Financial Leverage

-1.7 x

Sovex Company Life and Culture

You may also be interested in