Sovereign Life Group Ltd
Private Limited Company · Leeds
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£6,676,000
Cash
£15,900,000
Turnover
£50
Profit / loss
—
Current assets
£19,075,000
Creditors < 1 year
£16,297,000
Equity
£6,676,000
Average employees
396
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3113 months · Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £6,676,000 | £6,624,000 |
| Equity | £6,676,000 | £6,624,000 |
| Share capital | £7,818,000 | — |
| Retained earnings | −£1,000 | £21,741,000 |
| Assets | ||
| Intangible assets | £2,573,000 | £3,004,000 |
| Property, plant & equipment | £321,000 | £610,000 |
| Current assets | £19,075,000 | £17,316,000 |
| Cash at bank | £15,900,000 | £14,595,000 |
| Debtors | £3,175,000 | £2,721,000 |
| Liabilities | ||
| Creditors | £17,562,000 | £18,355,000 |
| Creditors within one year | £16,297,000 | £15,907,000 |
| Creditors after one year | £1,265,000 | £2,448,000 |
| Provisions | £560,000 | £60,000 |
| Profit & loss | ||
| Turnover | £50 | £53 |
| Interest receivable | £177,000 | £249,000 |
| Interest payable | £103,000 | £172,000 |
| Tax | £759,000 | −£431,000 |
| Dividends | £2,025,000 | £1,600,000 |
| Cash flow | ||
| Cash from operations | £5,208,000 | £1,812,000 |
| Capital expenditure | £59,000 | £1,597,000 |
| People & pay | ||
| Average employees | 396 | 448 |
| Staff costs | £17,846,000 | £18,973,000 |
| Wages & salaries | £15,465,000 | £16,593,000 |
| Social security costs | £1,887,000 | £1,880,000 |
| Pension costs | £494,000 | £530,000 |
| Directors' remuneration | £776,000 | £751,000 |
| Highest paid director | £163,000,000 | £175,000,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- Sovereign Life Group (‘the Group’) specialises in the later life financial services sector where it is a leading broker, administrator and originator specialising in the UK’s lifetime mortgages and retirement annuities markets.
- What it does
- later life financial services · lifetime mortgages · retirement annuities · equity release · retirement income · estate planning (AI keywords)
- The year
- Against this backdrop, the Group delivered a resilient performance. Revenue for the period was £49.9m (2024: £53.1m), with underlying EBITDA of £505k (2024: £231k) and profit before tax of £2.8m (2024: £2.4m loss).
- Outlook
- The Directors expect market conditions to remain broadly stable in the near term, with the potential for gradual improvement as economic conditions continue to normalise. The Group remains focused on maintaining operational flexibility and supporting customers through a range of later life financial solutions.
- Auditor
- Armstrong Watson Audit Limited · senior statutory auditor Matthew Osbourne
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Sovereign Life Group Limited
- Ultimate parent
- Sovereign Life Group Limited
- Ultimate controlling party
- A R Thirkill
- Accounts
- Full accounts
- Approved
- 2026-07-20, signed by Andrew R. Thirkill
Subsidiaries (10)
- Sovereign Life Group Services Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB
- Age Partnership Group Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB
- Pure Retirement Group Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB
- Pure Retirement Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · Origination, administration and servicing of lifetime mortgage products within the UK equity release market
- Age Partnership Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · FCA Regulated. Provision of equity release advice services to end customers
- Age Partnership Wealth Management Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · Provision of services in relation to pension income solutions
- Age Assist Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · Provision of services in relation to estate planning, including Lasting Powers of Attorney, will writing services and funeral plans.
- Age Lifetime Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · Appointed Representative of Age Partnership Limited. Dormant.
- Equity Release Associates Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · Provision of whole of market equity release advice services to end customers through an adviser network
- Simply Lifetime Mortgages Limited · 100% · 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB · Appointed Representative of Age Partnership Limited. Provision of equity release advice services to customers via a B2B partnership arrangement
Borrowings (1)
- Overdraft · £0.375m · should it be required
Shares issued in the year (1)
- 7,818,000,000 Ordinary shares · for consideration for investment in subsidiaries · 2025-03-28
Share classes (1)
- 7,818,000,000 Ordinary shares of £0.001
Principal risks (3)
- Regulatory and conduct risk
- Financial risk
- Market risk
Events after the year end (1)
- No material events have been noted subsequent to the balance sheet date.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.