Sovereign Network Group

Reference number: 784290

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

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.

The firm, by virtue of its constitution or any enactment, must be:(i) required (after payment of outgoings) to apply the whole of its income and any capital it expends for charitable or public purposes, and (ii) prohibited from directly or indirectly distributing amongst its members any part of its assets (otherwise than for charitable or public purposes); And the firm must not have any associate (other than a not-for profit debt advice body) which carries on debt adjusting or debt counselling or providing credit information services.)

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Bank deposits FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.

    Check your FSCS cover →

  • Lend or arrange credit · Hire out goods to consumers No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
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  • Debt Adjusting
  • Debt-counselling
  • Entering into Regulated Consumer Hire Agreements as owner
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising or having the right to exercise the owner's rights and duties under a regulated consumer hire agreement

Limits on what they may do

  • Not permitted to canvass off trade premises
    The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Previously registered as

The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Sovereign Housing Association Limited

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Common questions

Frequently asked questions

Is Sovereign Network Group FCA authorised?
Yes, Sovereign Network Group (FRN 784290) is authorised by the FCA to carry out regulated activities.
Is my money safe with Sovereign Network Group?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Sovereign Network Group to the Financial Ombudsman Service, free of charge.
Is Sovereign Network Group a scam or clone?
Sovereign Network Group is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Sovereign Network Group's Firm Reference Number (FRN)?
Sovereign Network Group's FRN is 784290. You can verify it on the FCA register.