SOVEREIGN BODYWORK SPECIALISTS LTD

SOVEREIGN BODYWORK SPECIALISTS

Vehicle bodywork service with vast industry experience

Loan

Capital at risk

Months

11.0%

apr^*

Successful

Capital at risk

Amount

You make

Successful

Minimum investment is £100

Total return

Monthly repayments

Our APR explained

Sovereign Bodywork Specialists are here to help get vehicles back on the road, quickly and easily. They offer 24/7 vehicle recovery, alloy wheel refurbishment, and full body resprays, tackling non-fault and insurance-approved accident repairs. The funds raised will go towards updating their facilities, including a high-end spray booth and further bodyshop equipment, to ensure their top-of-the-range services can continue to be delivered.

Tell me more

Getting vehicles back on the road

We're Sovereign Bodywork Specialists, a vehicle bodyworks firm with over ten years' industry experience with both commercial and private vehicles. Our services include accident damage, recovery, and alloy wheel refurbishment, all with the aim of getting your vehicle back on the road in the most efficient and effective way possible. With our competitive prices and fast turnaround, we also offer on-demand support: our vehicle recovery and roadside help service is available 24/7, and we can even give a quote over the phone if you're unable to get your vehicle to us.

On top of our wide range of services, we specialise in intricate bodyworks procedures, such as body resprays to remove dents, scuffs, and scratches. Our expertise also cover under-bodywork repairs, particularly on BMW, Land Rover, and Mercedes models, as well as electric vehicles. That said, we welcome projects of any size and design, and all of our customers receive the exact same attention to detail and professionalism.

We own and operate the best facilities and spray equipment available, but are looking to expand this range. We've identified a growing need for a state-of-the-art spray booth to be installed, which is what the money raised in this campaign will go towards, in addition to expanding our collection of bodyshop equipment.

Business keeps the raised amount even if target is not met.

Maximum

£ 60k

Raised

£ 62k

Investors

358

Estimated close date

Funded 1 day ago in 14 days

Where will the funds go?

New equipment

£60,000

Key people

Douglas Pope

Director

Edward Pope

Director

Q. Good Day Folks, your profits have risen considerably over the last three years with your admin expenses being greatly reudced, how so ?

A. Max concentration has been on advertising to our existing Clients the position to high specification regarding Insurance repair work. Our Admin costs have been reduced because all of our Insurance work is now handled directly by Insurance claim handlers. This starts with initialisation of the claim, though to Engineer Assessor to review & their approval of repair. Our Estimates are done on Audatex which are digitally uploaded to Insurers for approval. This is what has saved time & admin costs.

Q. I see you have just taken on a charge for £50k via Just Cash Flow Plc - can you explain why?

A. Hello,
We gave a Debenture over the Company to give added comfort to Just Cash Flow PLC, when we applied for a loan to raise money for a deposit needed to purchase additional Commercial premises. We had no problem giving a Debenture over the premises because it will allow us to expand our growing business and allow us to purchase the property.
The extra working space is what is required to be able to take on the additional work offered from our Clients & the main Insurance Companies.

Q. Can you explain why your admin expenses have been lowered so much?

Q. Are you able to share your strategy for further growth?

A. Yes please may I can back to you tomorrow? I can give you more information then.
Best regards

Q. Well done on growing the business. How much further will current facilities and equipment stretch for further growth?

A. Hi Golnar, thank you for showing interest. We are approved to carry out Vehicle Body repairs for the main Insurance Companies. We are looking to take on an adjoining Unit close by to our existing premises in order to take on further work. The work on offer to us is not limited, only by capacity. The purchase of the lastest equipment will help speed up turn around time. Our staff are all very experienced and show pride in the finished product. Our Clients are always very pleased with our service.

Back to the top

Barnet, UK

"Getting vehicles back on the road"

Incorporated

11 years, 4 months

Equifax score

82 / 100

Equifax Grading
powered by Equifax

Very good score

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Risk warning

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