Sovereign Safe Deposit Centres Ltd

Reference number: 618654

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On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.

What does this mean?
  • Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
  • What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
  • It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
  • So if the firm fails or treats you badly, there is no FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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 banklockers.uk first appeared online, and whether it can receive email
  • What kind of line 020 8599 7344 is
  • Who else gives the postcode IG3 9UF
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Other names (1)

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

  • Lockgrove UK Ltd Former name

Past FCA permissions and consumer protection

  • Money-laundering registration only
    This firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.

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 number
08944490
Company status
Active
Company type
Private limited company
Incorporated
18 March 2014 (12 years old)
Registered office
Sovereign Safe Deposit Centre Basement, Kinfauns House, 51-53 Goodmayes Road, Ilford, IG3 9UF, England
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Samirkumar Patel Director Jun 1976 18 Mar 2014 4 other companies
Jyotsna Patel Director Jun 1952 16 Dec 2024 None
Pravin Patel Director Jun 1943 16 Dec 2024 None
Pritesh Patel Director Dec 1975 16 Dec 2024 None
Dipti Patel Director Aug 1977 9 Jul 2025 None

Other companies run by these 5 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
4
closed down
3
is FCA-registered
1

In the full report: all 4 companies, named

  • What each company does, and whether it is still trading
  • Which of these 5 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
  • All 7 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 July 2025Small company accountsNot audited

Net assets

£149k

−41% from £253k

Cash at bank

£376k

−15% from £443k

Employees (average)

5

+25% from 4

Owed within a year

£439k

+15% from £382k

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 08944490. 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 Safe Deposit Centres’s history from the FCA register and Companies House, newest first.

Key events (5) All events (14)

2024

26 March 2024

  • Samir Patel stopped being a part-owner

Companies House

2016

29 July 2016

  • Changed its registered name from "Lockgrove UK Ltd"

FCA register

6 April 2016

  • Samir Patel became a part-owner (25–50% of shares)

Companies House

2014

23 May 2014

  • Registered with the FCA

FCA register

18 March 2014

  • Incorporated at Companies House

Companies House

In the full report: all 14 events

  • All 14 events in its history (5 shown here)
  • Every director appointment and resignation: 9
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Firms connected to Sovereign Safe Deposit Centres

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

connected firms
2
share a director
1
share its postcode
1

In the full report: all 2 connected firms, named

  • How each is linked: shared directors (1), the same postcode (1)
  • Who links each one: the named directors, with dates
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Get the full report on Sovereign Safe Deposit Centres

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

  • 4 other companies its directors have run, named
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 14 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Sovereign Safe Deposit Centres Ltd FCA authorised?
Sovereign Safe Deposit Centres Ltd (FRN 618654) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.
What is Sovereign Safe Deposit Centres’ phone number and website?
The FCA register lists the phone number 020 8599 7344 and the website Banklockers.uk for Sovereign Safe Deposit Centres. If you were given different contact details, use these to check with the firm before going any further.
Is Sovereign Safe Deposit Centres a scam or clone?
Sovereign Safe Deposit Centres is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.
Is my money safe with Sovereign Safe Deposit Centres?
Money you hand to Sovereign Safe Deposit Centres is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
Who owns Sovereign Safe Deposit Centres?
Companies House lists no one with significant control of Sovereign Safe Deposit Centres now. Before that, it was controlled by Mr Samir Patel.
Who runs Sovereign Safe Deposit Centres?
Companies House lists 5 directors of Sovereign Safe Deposit Centres: Samirkumar Patel, Jyotsna Patel, Pravin Patel, Pritesh Patel and Dipti Patel.
How long has Sovereign Safe Deposit Centres been in business?
The company was formed on 18 March 2014.
What do Sovereign Safe Deposit Centres’ latest accounts show?
Its latest accounts, to 31 July 2025, show net assets of £149k (−41% from £253k) and cash at bank of £376k (−15% from £443k).
Does Sovereign Safe Deposit Centres use any other names?
It has previously used the name Lockgrove UK Ltd.

Sources and links

The full report on Sovereign Safe Deposit Centres Ltd

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