Sopex London Ltd in London, EC3R 7LP

Description

Data updated on: 01-11-2023

Sopex London Ltd is officially located at London at Regus Fenchurch Street New London House. Anyone can find this business using the post code - EC3R 7LP. Sopex London's incorporation dates back to 1988. This business is registered under the number 02270677 and their last known status is active. The company has been on the market under three different names. The company's very first name, Sugar Exporters London, was switched on 1999-10-25 to Sucre Export London. The current name is in use since 2013, is Sopex London Ltd. The firm's declared SIC number is 46390 meaning . Saturday 31st December 2022 is the last time when the company accounts were reported.

At the moment, the directors chosen by the following company include: Paul R. chosen to lead the company in 2016 in July, Neill B. chosen to lead the company 16 years ago, Quentin K. chosen to lead the company in 2007 and 2 other members of the Management Board who might be found within the Company Staff section of our website. Furthermore, the managing director's efforts are regularly backed by a secretary - Katie R., who was selected by this company four years ago.

Previous company's names
Sopex London Ltd 2013-04-22
Sucre Export London Limited 1999-10-25
Sugar Exporters London Limited 1988-06-23

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency	USD	USD	USD	USD	USD

Balance Sheet
Cash Bank On Hand	210 397	472 811	313 852	537 990	67 596
Current Assets	28 615 221	23 335 904	21 719 807	27 820 871	11 085 817
Debtors	16 284 221	13 098 763	13 042 423	26 255 239	11 018 221
Net Assets Liabilities	14 923 595	-12 551 194	-12 178 252	-12 669 742	-15 666 889
Other Debtors	83 467	863 048	437 671	8 170	8 170
Property Plant Equipment	35 467	25 314	8 847	44 374	23 272
Total Inventories	12 120 603	9 764 330	8 363 532	1 027 642

Other Financial Data
Audit Fees Expenses	26 550	33 265	23 131	20 500
Accrued Liabilities Deferred Income			535 451	577 487	131 324
Accumulated Depreciation Impairment Property Plant Equipment	166 586	176 739	4 212	22 604	44 734
Additions Other Than Through Business Combinations Property Plant Equipment				54 472	1 931
Administrative Expenses	4 925 802	2 979 239	3 677 429	2 108 636	2 089 977
Amounts Owed By Group Undertakings			3 137 872	12 376 523
Amounts Owed To Group Undertakings		5 822 555	19 667 049	20 087 200	19 260 120
Average Number Employees During Period	12	12	11	11	12
Bank Borrowings Overdrafts	4 932 768	4 849 708	16	58
Bank Overdrafts	4 932 768	4 849 708	16	58
Corporation Tax Recoverable			714 853
Cost Sales	31 483 357	65 218 111	26 931 003	21 611 948	16 165 453
Creditors	13 727 525	9 716 026	5 632 418	2 301 330	26 776 410
Current Tax For Period	656 030			15 339	-10 564
Deferred Tax Asset Debtors			2 739 649	2 862 150
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period			861 471	-122 500
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			861 471	-122 500	2 862 150
Depreciation Expense Property Plant Equipment	9 256	10 153	10 752	18 668	22 205
Double Taxation Relief				-15 339
Finished Goods Goods For Resale			8 363 532	1 027 642
Fixed Assets	35 899	25 746	9 279	44 806	23 704
Further Item Creditors Component Total Creditors			5 632 418	2 301 330
Further Item Interest Expense Component Total Interest Expense				-9 769
Further Item Tax Increase Decrease Component Adjusting Items			3 680		-132
Future Minimum Lease Payments Under Non-cancellable Operating Leases	125 173	38 186	140 936	113 046	130 155
Gain Loss On Disposals Property Plant Equipment			-15 161	-276	-827
Gross Profit Loss	8 393 752	-17 346 922	3 953 130	1 759 080	2 550 723
Increase Decrease In Current Tax From Adjustment For Prior Periods			-746 835	14 425
Increase From Depreciation Charge For Year Property Plant Equipment		10 153		18 668	22 205
Interest Income From Group Undertakings Participating Interests				50 823	57 913
Interest Paid To Group Undertakings				323 743	664 220
Interest Payable Similar Charges Finance Costs				313 974	664 220
Investments			432	432	432
Investments Fixed Assets	432	432	432	432	432
Net Current Assets Liabilities	14 887 696	-2 860 914	-6 555 113	-10 413 218	-15 690 593
Net Finance Income Costs			807	50 823
Operating Profit Loss	3 467 950	-20 326 161	486 771	-321 075	460 746
Other Creditors		9 716 026	3 660 982	4 435 633	2 204 987
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				276	75
Other Disposals Property Plant Equipment				553	903
Other Interest Income			807
Other Interest Receivable Similar Income Finance Income	951	252	807	50 823	57 913
Other Operating Income Format1			211 070	28 481
Other Remaining Borrowings			3 849 264	12 452 844	5 086 008
Other Taxation Social Security Payable	151 466	50 155	72 462	64 828	48 922
Pension Other Post-employment Benefit Costs Other Pension Costs	176 684	120 450	201 153	124 875	90 707
Prepayments Accrued Income	201 829	125 404	54 374	172 983	55 673
Profit Loss	2 812 871	-16 724 789	372 942	-491 490	-2 997 147
Profit Loss On Ordinary Activities Before Tax	3 468 901	-20 325 909	487 578	-584 226	-145 561
Property Plant Equipment Gross Cost	202 053		13 059	66 978	68 006
Social Security Costs	396 331	283 977	149 443	140 091	127 949
Staff Costs Employee Benefits Expense	3 477 104	1 529 535	1 839 882	1 311 893	1 175 951
Tax Expense Credit Applicable Tax Rate	659 091	-3 861 923	92 640	-111 003	-27 657
Tax Increase Decrease From Effect Capital Allowances Depreciation	-9 002	-1 430		-5 382
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings					40 339
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	21 724	262 233	28 320	-7 487	2 806
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			-124 640	123 872
Tax Tax Credit On Profit Or Loss On Ordinary Activities	656 030	-3 601 120	114 636	-92 736	2 851 586
Total Assets Less Current Liabilities	14 923 595	-2 835 168	-6 545 834	-10 368 412	-15 666 889
Total Current Tax Expense Credit			-746 835	29 764	-10 564
Trade Creditors Trade Payables	1 963 350	1 173 043	489 696	616 039	45 049
Trade Debtors Trade Receivables	3 723 033	2 239 120	2 963 113	810 191	457 587
Turnover Revenue	39 877 109	47 871 189	30 884 133	23 371 028	18 716 176
Wages Salaries	2 904 089	1 125 108	1 489 286	1 046 927	957 295
Company Contributions To Defined Benefit Plans Directors					26 401
Director Remuneration	1 883 988	1 045 397	610 771	528 116	460 466
Director Remuneration Benefits Including Payments To Third Parties				528 116	486 867
Amount Specific Advance Or Credit Directors
Amount Specific Advance Or Credit Repaid In Period Directors	178 005
Company Contributions To Money Purchase Plans Directors	37 451
Number Directors Accruing Benefits Under Money Purchase Scheme	2
Accrued Liabilities	1 720 210	253 725
Applicable Tax Rate	19	19
Comprehensive Income Expense	2 812 871	-16 724 789
Corporation Tax Payable	429 605	-8 713
Deferred Tax Assets		3 601 120
Dividends Paid	4 000 000	10 750 000
Dividends Paid On Shares Interim	4 000 000	10 750 000
Loans Owed By Related Parties	6 594 176
Loans Owed To Related Parties		-5 822 555
Merchandise	12 120 603	9 764 330
Number Shares Issued Fully Paid		2 164 545
Other Deferred Tax Expense Credit		-3 601 120
Par Value Share		1
Recoverable Value-added Tax	29 833	22 492