The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Kingfisher House
,
2 Kingfisher Way
,
Stockton-On-Tees
,
TS18 3EX
, England.
CapitalNet Management Services Ltd (04580046) is contracted by CapitalNet Management LLC (1130603) in the UAE to handle all of its banking transactions from the United Kingdom. Operational costs are charged at a percentage by the sister company SGP Accountants Ltd ((05176981).
The wages costs for SGP Accountants Ltd (05176981) are directly attributed from SGP HRPayroll Ltd (10272319), which is where all SGP Capital Group employees in UK are employed, with benefits being charged at a proportion to subsidiary associates companies. It does not hold its own PAYE account. In 2020 the payroll costs are £1,018,429.23 compared to 2019 payroll costs of £891,469.74. Although covid-19 hit a lot of companies, SGP HRPayroll Ltd (10272319) has been fortunate enough to be able to offer employment during the pandemic and staff numbers have risen from 17 in 2019 to 20 members of staff in 2020.
SGP Financial Ltd (09224030) handles all of the financial business costs, at a proportion of the overall SGP Group companies. The group has well established relationships with clients and suppliers across different geographical areas and industries and are confident that they can manage the financial impact of the business risks, including covid-19 and Brexit. The resilience measures taken early in the pandemic have improved our immediate and long-term resilience.
SGP Accountants USA contracts out all of their clients to be served by SGP Accountants Inc (0649184).
The Executive Board is responsible for driving the Board approved strategy for the organisation and lead on issues that cut across the whole organisation and forecasts have been prepared for the group for the period to 31st December 2022, reflecting on the Covid-19 pandemic and the possible impact on the company's operational activities, liquidity, and risk factors.