Msl Legal Expenses Ltd

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msl legal expenses ltd Company Information

Live

MatureMidHigh

Company Number

02210857

Website

www.msl.co.uk

Registered Address

5400 lakeside, cheadle royal business park, cheadle, SK8 3GQ

Industry

Non-life insurance

Telephone

01618220088

Next Accounts Due

September 2025

Group Structure

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Directors

Nicholas Garner18 Years

Anthony Hughes9 Years

View All

Shareholders

drive further ltd. 100%

anthony pope 0%

msl legal expenses ltd Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of MSL LEGAL EXPENSES LTD at £7.1m based on a Turnover of £9.8m and 0.73x industry multiple (adjusted for size and gross margin).

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Msl Legal Expenses Ltd is a live company located in cheadle, SK8 3GQ with a Companies House number of 02210857. It operates in the non-life insurance sector, SIC Code 65120. Founded in January 1988, it's largest shareholder is drive further ltd. with a 100% stake. Msl Legal Expenses Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £9.8m with high growth in recent years.

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Pomanda's financial health check has awarded Msl Legal Expenses Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £9.8m, make it larger than the average company (£2m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (8.7%)

EXPORT

Msl Legal Expenses Ltd's latest turnover from December 2023 is estimated at £9.8 million and the company has net assets of £2.4 million. According to their latest financial statements, Msl Legal Expenses Ltd has 34 employees and maintains cash reserves of £174.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	9,767,191	6,122,953	4,088,369	4,733,496	7,372,737	7,892,662	8,148,552	5,949,294	5,371,615	5,232,343	6,227,410	7,268,941	7,200,455	7,688,073	7,191,247
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	60,512	118,563	104,223	123,387	321,523	324,060	498,033	457,116	519,945	899,264	1,475,227	1,806,249	1,913,858	2,197,061	0
Gross Profit	9,706,680	6,004,389	3,984,146	4,610,109	7,051,214	7,568,602	7,650,519	5,492,178	4,851,670	4,333,079	4,752,183	5,462,692	5,286,597	5,491,012	0
Admin Expenses	9,259,554	5,331,719	3,884,372	4,617,252	6,917,990	7,245,884	7,340,336	5,182,002	4,734,154	4,104,021	3,933,533	5,100,270	5,030,132	5,404,020	-453,448
Operating Profit	447,126	672,670	99,774	-7,143	133,224	322,718	310,183	310,176	117,516	229,058	818,650	362,422	256,465	86,992	453,448
Interest Payable	31,768	51,261	15,149	15,809	26,993	25,722	97,369	94,066	38,800	0	2,880	4,205	7,484	46,802	69,683
Interest Receivable	4,376	11	24,682	0	0	5	0	0	1,071	233	0	0	220	0	0
Pre-Tax Profit	419,735	621,420	109,307	-22,952	106,231	297,001	212,814	216,110	79,787	229,291	815,770	358,217	-2,255,217	120,990	383,765
Tax	-104,934	-118,070	-24,488	-6,684	-34,434	-89,757	-51,500	-30,392	8,999	-53,673	-184,022	-89,597	10,311	-16,276	-114,269
Profit After Tax	314,801	503,350	84,819	-29,636	71,797	207,244	161,314	185,718	88,786	175,618	631,748	268,620	-2,244,906	104,714	269,496
Dividends Paid	0	0	75,000	0	0	0	50,000	0	200,000	0	595,419	255,000	246,325	374,835	471,316
Retained Profit	314,801	503,350	9,819	-29,636	71,797	207,244	111,314	185,718	-111,214	175,618	36,329	13,620	-2,491,231	-270,121	-201,820
Employee Costs	2,203,108	1,861,261	1,284,635	1,689,242	2,033,094	1,835,517	1,828,371	1,879,016	1,763,623	1,608,599	1,826,539	2,015,558	2,298,728	2,235,953	2,119,679
Number Of Employees	34	31	37	50	57	61	62	66	61	59	66	74	84	96	93
EBITDA*	491,034	713,742	131,065	13,476	166,944	357,154	335,463	318,759	125,023	245,189	849,076	435,888	349,757	179,647	516,009

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	96,469	123,394	129,829	75,351	75,934	78,172	111,329	57,021	42,717	30,842	46,973	76,422	142,750	205,246	185,787
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	2	2	2	1,480,002	1,480,002
Debtors (Due After 1 year)	0	0	0	0	0	0	0	300,000	0	1,383,129	500,000	0	0	3,000,000	3,000,000
Total Fixed Assets	96,469	123,394	129,829	75,351	75,934	78,172	111,329	357,021	42,717	1,413,971	546,975	76,424	142,752	4,685,248	4,665,789
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	7,230,832	4,532,995	2,378,994	2,514,042	3,488,846	3,923,643	3,497,491	1,758,749	1,503,159	1,046,123	557,901	732,337	709,788	961,470	1,562,946
Group Debtors	3,845,419	3,126,669	2,872,230	2,847,015	2,607,266	2,430,275	2,199,454	2,829,434	2,591,137	1,291,563	566,660	946,692	137,725	620,649	1,133,124
Misc Debtors	183,916	170,277	188,379	326,866	264,458	538,637	381,404	257,194	231,996	269,557	771,629	270,003	770,150	676,914	122,773
Cash	174,755	300	300	300	300	0	161,058	294,681	371,935	135,656	603,635	1,229,302	1,158,591	214	155,797
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	11,434,922	7,830,241	5,439,903	5,688,223	6,360,870	6,892,555	6,239,407	5,140,058	4,698,227	2,742,899	2,499,825	3,178,334	2,776,254	2,259,247	2,974,640
total assets	11,531,391	7,953,635	5,569,732	5,763,574	6,436,804	6,970,727	6,350,736	5,497,079	4,740,944	4,156,870	3,046,800	3,254,758	2,919,006	6,944,495	7,640,429
Bank overdraft	0	577,597	501,580	524,453	1,036,260	1,418,514	1,436,722	536,660	0	0	0	0	0	654,765	2,497,965
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	331,812	257,010	279,963	360,650	792,166	908,135	891,834	910,726	1,206,687	706,075	416,250	538,421	550,868	515,782	601,788
Group/Directors Accounts	4,488,916	4,181,545	2,612,927	2,630,797	2,293,369	2,223,515	1,008,206	56,080	5,332	238,976	7,808	319,711	155,443	395,939	3,667
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	18,366	24,589	24,589	0
other current liabilities	4,218,756	727,701	315,926	513,846	592,208	792,336	704,697	1,978,066	1,950,773	1,410,853	814,398	759,085	569,099	1,465,277	428,623
total current liabilities	9,039,484	5,743,853	3,710,396	4,029,746	4,714,003	5,342,500	4,041,459	3,481,532	3,162,792	2,355,904	1,238,456	1,635,583	1,299,999	3,056,352	3,532,043
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	18,666	43,555	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	56,000
provisions	140,045	175,471	328,375	212,686	172,023	149,246	1,037,540	855,124	603,447	715,047	898,043	745,203	739,989	493,005	430,682
total long term liabilities	140,045	175,471	328,375	212,686	172,023	149,246	1,037,540	855,124	603,447	715,047	898,043	745,203	758,655	536,560	486,682
total liabilities	9,179,529	5,919,324	4,038,771	4,242,432	4,886,026	5,491,746	5,078,999	4,336,656	3,766,239	3,070,951	2,136,499	2,380,786	2,058,654	3,592,912	4,018,725
net assets	2,351,862	2,034,311	1,530,961	1,521,142	1,550,778	1,478,981	1,271,737	1,160,423	974,705	1,085,919	910,301	873,972	860,352	3,351,583	3,621,704
total shareholders funds	2,351,862	2,034,311	1,530,961	1,521,142	1,550,778	1,478,981	1,271,737	1,160,423	974,705	1,085,919	910,301	873,972	860,352	3,351,583	3,621,704

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	447,126	672,670	99,774	-7,143	133,224	322,718	310,183	310,176	117,516	229,058	818,650	362,422	256,465	86,992	453,448
Depreciation	43,908	41,072	31,291	20,619	33,720	34,436	25,280	8,583	7,507	16,131	30,426	73,466	93,292	92,655	62,561
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-104,934	-118,070	-24,488	-6,684	-34,434	-89,757	-51,500	-30,392	8,999	-53,673	-184,022	-89,597	10,311	-16,276	-114,269
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	3,430,226	2,390,338	-248,320	-672,647	-531,985	814,206	932,972	819,085	335,920	1,594,182	447,158	331,369	-3,641,370	-559,810	5,818,843
Creditors	74,802	-22,953	-80,687	-431,516	-115,969	16,301	-18,892	-295,961	500,612	289,825	-122,171	-12,447	35,086	-86,006	601,788
Accruals and Deferred Income	3,491,055	411,775	-197,920	-78,362	-200,128	87,639	-1,273,369	27,293	539,920	596,455	55,313	189,986	-896,178	1,036,654	428,623
Deferred Taxes & Provisions	-35,426	-152,904	115,689	40,663	22,777	-888,294	182,416	251,677	-111,600	-182,996	152,840	5,214	246,984	62,323	430,682
Cash flow from operations	486,305	-1,558,748	191,979	210,224	371,175	-1,331,163	-1,758,854	-547,709	727,034	-699,382	303,878	197,675	3,387,330	1,736,152	-3,956,010
Investing Activities
capital expenditure	-16,983	-34,637	-85,769	-20,036	-31,482	-1,279	-79,588	-22,887	-19,382	0	-977	-7,138	-30,796	-112,114	-248,348
Change in Investments	0	0	0	0	0	0	0	0	0	-2	0	0	-1,480,000	0	1,480,002
cash flow from investments	-16,983	-34,637	-85,769	-20,036	-31,482	-1,279	-79,588	-22,887	-19,382	2	-977	-7,138	1,449,204	-112,114	-1,728,350
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	307,371	1,568,618	-17,870	337,428	69,854	1,215,309	952,126	50,748	-233,644	231,168	-311,903	164,268	-240,496	392,272	3,667
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	-18,366	-24,889	-24,889	68,144	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	-56,000	56,000
share issue	2,750	0	0	0	0	0	0	0	0	0	0	0	0	0	3,823,524
interest	-27,392	-51,250	9,533	-15,809	-26,993	-25,717	-97,369	-94,066	-37,729	233	-2,880	-4,205	-7,264	-46,802	-69,683
cash flow from financing	282,729	1,517,368	-8,337	321,619	42,861	1,189,592	854,757	-43,318	-271,373	231,401	-333,149	135,174	-272,649	357,614	3,813,508
cash and cash equivalents
cash	174,455	0	0	0	300	-161,058	-133,623	-77,254	236,279	-467,979	-625,667	70,711	1,158,377	-155,583	155,797
overdraft	-577,597	76,017	-22,873	-511,807	-382,254	-18,208	900,062	536,660	0	0	0	0	-654,765	-1,843,200	2,497,965
change in cash	752,052	-76,017	22,873	511,807	382,554	-142,850	-1,033,685	-613,914	236,279	-467,979	-625,667	70,711	1,813,142	1,687,617	-2,342,168

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MSL LEGAL EXPENSES LTD group structure

Msl Legal Expenses Ltd has no subsidiary companies.

Ultimate parent company

DRIVE FURTHER LIMITED

08197723

1 parent

MSL LEGAL EXPENSES LTD

02210857

MSL LEGAL EXPENSES LTD Shareholders

drive further ltd.	100%
anthony pope	0%

Msl Legal Expenses Ltd currently has 6 directors. The longest serving directors include Mr Nicholas Garner (Jan 2006) and Mr Anthony Hughes (Jul 2015).

officer	country	age	start	end	role
Mr Nicholas Garner	England	46 years	Jan 2006	-	Director
Mr Anthony Hughes		56 years	Jul 2015	-	Director
Mr Deven Thakrar		59 years	May 2019	-	Director
Mr Colin Gibson	England	60 years	Jun 2020	-	Director
Mr David Ross	United Kingdom	61 years	Jul 2020	-	Director
Mr Jonathan Daniels	England	49 years	Aug 2023	-	Director

P&L

December 2023

turnover

9.8m

+60%

operating profit

447.1k

gross margin

99.4%

+1.34%

turnover

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

Balance Sheet

December 2023

net assets

2.4m

+0.16%

total assets

11.5m

+0.45%

cash

174.8k

+581.52%

net assets

Total assets minus all liabilities

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company number

02210857

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

January 1988

ultimate parent company

DRIVE FURTHER LIMITED

previous names

motorist services limited (December 2004)

address

5400 lakeside, cheadle royal business park, cheadle, SK8 3GQ

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 8 charges/mortgages relating to msl legal expenses ltd. Currently there are 1 open charges and 7 have been satisfied in the past.

msl legal expenses ltd Company Information

msl legal expenses ltd Estimated Valuation

msl legal expenses ltd Estimated Valuation

msl legal expenses ltd Estimated Valuation

Msl Legal Expenses Ltd Overview

Msl Legal Expenses Ltd Health Check

MSL LEGAL EXPENSES LTD financials

msl legal expenses ltd Credit Report and Business Information

Msl Legal Expenses Ltd Competitor Analysis

msl legal expenses ltd Ownership

msl legal expenses ltd directors

msl legal expenses ltd company details

msl legal expenses ltd Charges & Mortgages

msl legal expenses ltd Companies House Filings - See Documents