Sovereign Independent Financial Advisers Limited

Reference number: 227880

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Sovereign Independent Financial Advisers Limited (FRN 227880) is an AR of Best Practice IFA Group Limited (FRN 223112). When you use Sovereign Independent Financial Advisers's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Sovereign Independent Financial Advisers, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When sovereign-ifa.co.uk first appeared online, and whether it can receive email
  • What kind of line 01454 416653 is
  • Who else gives the postcode BS35 2BS
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • Sovereign Independent Financial Advisers Ltd Former name: A name it was registered under before.

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Best Practice IFA Group Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company status
Active
Company type
Private limited company
Incorporated
31 July 2003 (23 years old)
Registered office
C/O Mgb Accountants - Suite 22 Trym Lodge, 1 Henbury Road, Westbury-On-Trym, Bristol, BS9 3HQ, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Mark Anthony Hibbitt Director Jun 1979 1 Jan 2011 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 6 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 December 2025Small company accountsNot audited

Net assets

£164k

+2.4% from £160k

Cash at bank

£204k

+31% from £156k

Employees (average)

5

Same as 5

Owed within a year

£134k

+109% from £64.2k

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2019 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 04852639. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Sovereign Independent Financial Advisers’s history from the FCA register and Companies House, newest first.

2025

4 April 2025

  • James Richard Marchant no longer has significant control
  • Sovereign Holdings (Bristol) Limited became a part-owner (25–50% of shares)

Companies House

2023

22 December 2023

  • Changed its registered name from "Sovereign Independent Financial Advisers Ltd"

FCA register

2016

31 July 2016

  • James Richard Marchant gained significant control
  • Mark Anthony Hibbitt gained significant control

Companies House

2003

22 August 2003

  • Became an appointed representative

FCA register

31 July 2003

  • Incorporated at Companies House

Companies House

In the full report: all 18 events

  • All 18 events in its history (7 shown here)
  • Every director appointment and resignation: 11
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Firms connected to Sovereign Independent Financial Advisers

Other FCA-listed firms that share a director, phone number or address with Sovereign Independent Financial Advisers. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Sovereign Independent Financial Advisers

Other firms of the same type (financial adviser), nearest first.

In Bristol

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Sovereign Independent Financial Advisers

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 18 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Sovereign Independent Financial Advisers Limited FCA authorised?
Sovereign Independent Financial Advisers Limited (FRN 227880) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Sovereign Independent Financial Advisers?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Sovereign Independent Financial Advisers Limited (FRN 227880) is an AR of Best Practice IFA Group Limited (FRN 223112). When you use Sovereign Independent Financial Advisers's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Sovereign Independent Financial Advisers, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Sovereign Independent Financial Advisers’ phone number and website?
The FCA register lists the phone number 01454 416653 and the website sovereign-ifa.co.uk for Sovereign Independent Financial Advisers. If you were given different contact details, use these to check with the firm before going any further.
Is Sovereign Independent Financial Advisers a scam or clone?
Sovereign Independent Financial Advisers is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Sovereign Independent Financial Advisers?
Protection works through Best Practice IFA Group Limited, the principal firm responsible for Sovereign Independent Financial Advisers's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Sovereign Independent Financial Advisers?
Companies House lists 2 people with significant control of Sovereign Independent Financial Advisers: Sovereign Holdings (Bristol) Limited (25–50% of shares) and Mr Mark Anthony Hibbitt (significant influence or control). Before that, it was controlled by James Richard Marchant.
Who runs Sovereign Independent Financial Advisers?
Companies House lists one director of Sovereign Independent Financial Advisers: Mark Anthony Hibbitt.
How long has Sovereign Independent Financial Advisers been in business?
The company was formed on 31 July 2003.
What do Sovereign Independent Financial Advisers’ latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of £164k (+2.4% from £160k) and cash at bank of £204k (+31% from £156k).
Does Sovereign Independent Financial Advisers use any other names?
It has previously used the name Sovereign Independent Financial Advisers Ltd.

Sources and links

The full report on Sovereign Independent Financial Advisers Limited

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