Islington Law Centre

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islington law centre Company Information

Live

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Company Number

01302947

Website

http://islingtonlaw.org.uk

Registered Address

38 devonia road, islington, london, n1 8jh, N1 8UY

Industry

Solicitors

Telephone

442072887630

Next Accounts Due

December 2024

Group Structure

View All

Directors

Onika Adams10 Years

Susan Lee10 Years

View All

Shareholders

-0%

islington law centre Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of ISLINGTON LAW CENTRE at £4.3m based on Net Assets of £2.4m and 1.77x industry multiple (adjusted for liquidity).

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Islington Law Centre is a live company located in london, N1 8UY with a Companies House number of 01302947. It operates in the solicitors sector, SIC Code 69102. Founded in March 1977, it's largest shareholder is unknown. Islington Law Centre is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Islington Law Centre a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.6m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ISLINGTON LAW CENTRE group structure

Islington Law Centre has 1 subsidiary company.

Ultimate parent company

ISLINGTON LAW CENTRE

01302947

1 subsidiary

ISLINGTON LEGAL COMMUNITY INTEREST COMPANY

08061091

ISLINGTON LAW CENTRE Shareholders

Islington Law Centre currently has 7 directors. The longest serving directors include Ms Onika Adams (Jun 2013) and Ms Susan Lee (Jun 2013).

officer	country	age	start	end	role
Ms Onika Adams		45 years	Jun 2013	-	Director
Ms Susan Lee	England	75 years	Jun 2013	-	Director
Mr Russell Smith-Becker		51 years	Mar 2018	-	Director
Mr Paul Lowenberg		74 years	Mar 2018	-	Director
Mr Michael Collins		46 years	Mar 2018	-	Director
Mr Steven Lorber		70 years	Mar 2021	-	Director
Ms Marian Ellingworth	United Kingdom	68 years	May 2023	-	Director

EXPORT

Islington Law Centre's latest turnover from March 2023 is £2.6 million and the company has net assets of £2.4 million. According to their latest financial statements, Islington Law Centre has 39 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,577,416	2,131,779	2,277,336	1,759,359	1,827,852	1,461,049	1,682,623	1,381,035	1,955,980	1,573,824	1,626,218	1,670,981	1,473,388	1,281,108
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	810,306	774,146	1,022,555	659,678	679,110	439,530	578,477	549,110	811,919	712,217	692,914	627,703	557,168	410,024
Gross Profit	1,767,110	1,357,633	1,254,781	1,099,681	1,148,742	1,021,519	1,104,146	831,925	1,144,061	861,607	933,304	1,043,278	916,220	871,084
Admin Expenses	908,054	877,995	428,235	869,560	936,900	1,191,126	1,087,891	763,604	879,183	1,006,221	909,620	778,439	915,848	847,170
Operating Profit	859,056	479,638	826,546	230,121	211,842	-169,607	16,255	68,321	264,878	-144,614	23,684	264,839	372	23,914
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	730,441	392,840	669,823	186,530	171,964	-168,970	13,392	55,345	209,872	-143,753	18,827	196,826	773	17,264
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	730,441	392,840	669,823	186,530	171,964	-168,970	13,392	55,345	209,872	-143,753	18,827	196,826	773	17,264
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	730,441	392,840	669,823	186,530	171,964	-168,970	13,392	55,345	209,872	-143,753	18,827	196,826	773	17,264
Employee Costs	1,527,968	1,376,222	1,274,277	1,180,384	1,195,211	1,116,891	1,121,403	1,118,057	1,180,794	1,130,722	1,103,264	1,038,567	1,035,660	911,256
Number Of Employees	39	39	38	36	37	36	40	38	39	26	27	25	25	24
EBITDA*	886,658	496,348	841,421	240,260	222,126	-147,756	37,792	92,770	288,524	-131,313	32,259	273,818	9,885	31,703

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	78,355	96,101	101,074	21,212	31,351	10,041	31,892	53,429	77,878	48,670	29,988	38,563	47,542	48,304
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	1	1	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	78,355	96,101	101,074	21,212	31,351	10,042	31,893	53,429	77,878	48,670	29,988	38,563	47,542	48,304
Stock & work in progress	748,925	517,247	441,438	356,885	377,953	264,240	246,600	236,634	112,034	138,142	111,349	137,385	114,805	117,605
Trade Debtors	508,603	357,472	261,376	175,910	119,921	94,111	73,405	85,258	87,513	53,303	53,263	62,405	93,402	127,483
Group Debtors	0	0	0	0	0	0	11,908	0	0	0	0	0	0	0
Misc Debtors	45,901	31,303	86,946	83,960	118,449	171,435	135,571	221,636	274,709	114,988	113,809	80,137	17,371	6,337
Cash	1,164,142	846,366	580,176	212,062	114,213	8,300	246,548	141,674	202,412	110,665	233,739	207,715	257,357	25,530
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,467,571	1,752,388	1,369,936	828,817	730,536	538,086	714,032	685,202	676,668	417,098	512,160	487,642	482,935	276,955
total assets	2,545,926	1,848,489	1,471,010	850,029	761,887	548,128	745,925	738,631	754,546	465,768	542,148	526,205	530,477	325,259
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	471	174	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	27,497	16,769	18,892	2,366	12,574	18,225	10,005	9,329	147,899	79,154	56,940	67,769	39,145	51,267
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	12,512	15,235	13,472	21,563	25,823	23,192	12,095	4,888	0	0	0	0
other current liabilities	81,560	125,292	126,018	176,151	214,401	156,001	223,225	211,576	159,636	197,025	174,595	166,179	396,198	179,805
total current liabilities	109,057	142,061	157,422	193,752	240,447	195,789	259,053	244,097	319,630	281,067	231,535	234,419	435,517	231,072
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	12,512	27,746	11,068	32,631	62,458	58,185	17,842	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	36,459	56,000	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	12,512	64,205	67,068	32,631	62,458	58,185	17,842	0	0	0	0
total liabilities	109,057	142,061	157,422	206,264	304,652	262,857	291,684	306,555	377,815	298,909	231,535	234,419	435,517	231,072
net assets	2,436,869	1,706,428	1,313,588	643,765	457,235	285,271	454,241	432,076	376,731	166,859	310,613	291,786	94,960	94,187
total shareholders funds	2,436,869	1,706,428	1,313,588	643,765	457,235	285,271	454,241	432,076	376,731	166,859	310,613	291,786	94,960	94,187

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	859,056	479,638	826,546	230,121	211,842	-169,607	16,255	68,321	264,878	-144,614	23,684	264,839	372	23,914
Depreciation	27,602	16,710	14,875	10,139	10,284	21,851	21,537	24,449	23,646	13,301	8,575	8,979	9,513	7,789
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	231,678	75,809	84,553	-21,068	113,713	17,640	9,966	124,600	-26,108	26,793	-26,036	22,580	-2,800	117,605
Debtors	165,729	40,453	88,452	21,500	-27,176	44,662	-86,010	-55,328	193,931	1,219	24,530	31,769	-23,047	133,820
Creditors	10,728	-2,123	16,526	-10,208	-5,651	8,220	676	-138,570	68,745	22,214	-10,829	28,624	-12,122	51,267
Accruals and Deferred Income	-43,732	-726	-50,133	-38,250	58,400	-67,224	11,649	51,940	-37,389	22,430	8,416	-230,019	216,393	179,805
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	456,247	377,237	634,809	191,370	188,338	-269,062	126,161	-63,132	152,057	-114,681	31,352	18,074	240,003	11,350
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	-31,983	0	0	-8,751	-56,093
Change in Investments	0	0	0	0	-1	0	1	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	1	0	-1	0	0	-31,983	0	0	-8,751	-56,093
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-12,512	-15,235	-13,471	8,587	-25,823	-27,196	15,370	47,550	22,730	0	0	0	0
other long term liabilities	0	0	0	-36,459	-19,541	56,000	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	8,773	0	0	-1	0	0	0	76,923
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	0	-12,512	-15,235	-49,930	-10,954	30,177	-18,423	15,370	47,550	22,729	0	0	0	76,923
cash and cash equivalents
cash	317,776	266,190	368,114	97,849	105,913	-238,248	104,874	-60,738	91,747	-123,074	26,024	-49,642	231,827	25,530
overdraft	0	0	0	0	0	0	0	0	0	0	-471	297	174	0
change in cash	317,776	266,190	368,114	97,849	105,913	-238,248	104,874	-60,738	91,747	-123,074	26,495	-49,939	231,653	25,530

P&L

March 2023

turnover

2.6m

+21%

operating profit

859.1k

gross margin

68.6%

+7.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

2.4m

+0.43%

total assets

2.5m

+0.38%

cash

1.2m

+0.38%

net assets

Total assets minus all liabilities

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company number

01302947

Type

Private Ltd By Guarantee w/o Share Cap

industry

69102 - Solicitors

incorporation date

March 1977

age

accounts

Full Accounts

ultimate parent company

None

previous names

north islington law centre(the) (January 2000)

incorporated

address

38 devonia road, islington, london, n1 8jh, N1 8UY

last accounts submitted

March 2023

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islington law centre Company Information

islington law centre Estimated Valuation

islington law centre Estimated Valuation

islington law centre Estimated Valuation

Islington Law Centre AI Business Plan

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islington law centre directors

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