insolvency lawyers' association limited

insolvency lawyers' association limited Company Information

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Company Number

02406222

Industry

Activities of professional membership organisations

 

Directors

Phillip Hertz

Adam Plainer

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Shareholders

-

Group Structure

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Contact

Registered Address

26-28 southernhay east, exeter, devon, EX1 1NS

insolvency lawyers' association limited Estimated Valuation

£78.8k

Pomanda estimates the enterprise value of INSOLVENCY LAWYERS' ASSOCIATION LIMITED at £78.8k based on a Turnover of £159.6k and 0.49x industry multiple (adjusted for size and gross margin).

insolvency lawyers' association limited Estimated Valuation

£466.1k

Pomanda estimates the enterprise value of INSOLVENCY LAWYERS' ASSOCIATION LIMITED at £466.1k based on an EBITDA of £176.9k and a 2.63x industry multiple (adjusted for size and gross margin).

insolvency lawyers' association limited Estimated Valuation

£597.6k

Pomanda estimates the enterprise value of INSOLVENCY LAWYERS' ASSOCIATION LIMITED at £597.6k based on Net Assets of £249.6k and 2.39x industry multiple (adjusted for liquidity).

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Insolvency Lawyers' Association Limited Overview

Insolvency Lawyers' Association Limited is a live company located in devon, EX1 1NS with a Companies House number of 02406222. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in July 1989, it's largest shareholder is unknown. Insolvency Lawyers' Association Limited is a mature, micro sized company, Pomanda has estimated its turnover at £159.6k with low growth in recent years.

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Insolvency Lawyers' Association Limited Health Check

Pomanda's financial health check has awarded Insolvency Lawyers' Association Limited a 4.5 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 Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £159.6k, make it smaller than the average company (£722.7k)

£159.6k - Insolvency Lawyers' Association Limited

£722.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.1%)

4% - Insolvency Lawyers' Association Limited

3.1% - Industry AVG

production

Production

with a gross margin of 72.9%, this company has a comparable cost of product (72.9%)

72.9% - Insolvency Lawyers' Association Limited

72.9% - Industry AVG

profitability

Profitability

an operating margin of 110.9% make it more profitable than the average company (2.7%)

110.9% - Insolvency Lawyers' Association Limited

2.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (11)

2 - Insolvency Lawyers' Association Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £46k, the company has an equivalent pay structure (£46k)

£46k - Insolvency Lawyers' Association Limited

£46k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £79.8k, this is less efficient (£105.5k)

£79.8k - Insolvency Lawyers' Association Limited

£105.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 17 days, this is earlier than average (22 days)

17 days - Insolvency Lawyers' Association Limited

22 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 129 days, this is slower than average (37 days)

129 days - Insolvency Lawyers' Association Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Insolvency Lawyers' Association Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 165 weeks, this is more cash available to meet short term requirements (110 weeks)

165 weeks - Insolvency Lawyers' Association Limited

110 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.5%, this is a similar level of debt than the average (27.7%)

30.5% - Insolvency Lawyers' Association Limited

27.7% - Industry AVG

INSOLVENCY LAWYERS' ASSOCIATION LIMITED financials

EXPORTms excel logo

Insolvency Lawyers' Association Limited's latest turnover from November 2023 is estimated at £159.6 thousand and the company has net assets of £249.6 thousand. According to their latest financial statements, Insolvency Lawyers' Association Limited has 2 employees and maintains cash reserves of £348.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover159,582172,689195,336143,833259,642268,482241,953276,561250,666283,933250,291260,07198,85092,33076,408
Other Income Or Grants000000000000000
Cost Of Sales43,24136,1821,5908,33695,79593,231116,786159,736134,577156,883165,623153,05040,06337,7400
Gross Profit116,340136,507193,746135,497163,847175,251125,167116,825116,089127,05084,668107,02158,78754,5900
Admin Expenses-60,59914,594163,771276,140189,135143,127172,578145,452133,512143,074108,858114,79919,14826,905-54,496
Operating Profit176,939121,91329,975-140,643-25,28832,124-47,411-28,627-17,423-16,024-24,190-7,77839,63927,68554,496
Interest Payable00000000000007960
Interest Receivable15,1034,555000020434473558618558505415980
Pre-Tax Profit192,043126,46829,975-140,643-25,28832,124-47,391-28,193-16,950-15,466-23,572-7,22040,14428,10055,476
Tax-48,011-24,02900083-4-87-9500-492-1,429-87-206
Profit After Tax144,032102,43929,975-140,643-25,28832,207-47,395-28,280-17,045-15,466-23,572-7,71238,71528,01355,270
Dividends Paid000000000000000
Retained Profit144,032102,43929,975-140,643-25,28832,207-47,395-28,280-17,045-15,466-23,572-7,71238,71528,01355,270
Employee Costs91,92687,10482,42281,701120,718000112,800115,307116,416110,69437,00136,6630
Number Of Employees2222333123333110
EBITDA*176,939121,91329,975-140,643-25,28832,124-47,411-28,627-17,423-16,024-23,754-4,34350,74238,35162,163

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets000000000004363,87113,66715,333
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets000000000004363,87113,66715,333
Stock & work in progress000000000000000
Trade Debtors7,6328,8325,8266,3353,0051,3808,07500003901,6042,633
Group Debtors000000000000000
Misc Debtors2,6383,0671,0111811816,43118,68616,31324,78811,3218,3238,6729,6269,56510,275
Cash348,944226,42477,268148,222175,367209,630181,411224,350243,902257,794238,656259,728253,689206,268170,808
misc current assets000000000000000
total current assets359,214238,32384,105154,738178,553217,441208,172240,663268,690269,115246,979268,439263,315217,437183,716
total assets359,214238,32384,105154,738178,553217,441208,172240,663268,690269,115246,979268,875267,186231,104199,049
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 15,32002,5633,7054,58625,69221,86247,65220,7806,15400005,145
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities94,257132,71878,376177,84260,13352,62779,39538,70165,32063,32531,87730,20120,80023,43314,246
total current liabilities109,577132,71880,939181,54764,71978,319101,25786,35386,10069,47931,87730,20120,80023,43319,391
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities109,577132,71880,939181,54764,71978,319101,25786,35386,10069,47931,87730,20120,80023,43319,391
net assets249,637105,6053,166-26,809113,834139,122106,915154,310182,590199,636215,102238,674246,386207,671179,658
total shareholders funds249,637105,6053,166-26,809113,834139,122106,915154,310182,590199,636215,102238,674246,386207,671179,658
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit176,939121,91329,975-140,643-25,28832,124-47,411-28,627-17,423-16,024-24,190-7,77839,63927,68554,496
Depreciation00000000004363,43511,10310,6667,667
Amortisation000000000000000
Tax-48,011-24,02900083-4-87-9500-492-1,429-87-206
Stock000000000000000
Debtors-1,6295,0623213,330-4,625-18,95010,448-8,47513,4672,998-388-915-1,543-1,73912,908
Creditors15,320-2,563-1,142-881-21,1063,830-25,79026,87214,6266,154000-5,1455,145
Accruals and Deferred Income-38,46154,342-99,466117,7097,506-26,76840,694-26,6191,99531,4481,6769,401-2,6339,18714,246
Deferred Taxes & Provisions000000000000000
Cash flow from operations107,416144,601-70,954-27,145-34,26328,219-42,959-19,986-14,36418,580-21,6905,48148,22344,04568,440
Investing Activities
capital expenditure000000000000-1,307-9,000-23,000
Change in Investments000000000000000
cash flow from investments000000000000-1,307-9,000-23,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000-100000124,388
interest15,1034,555000020434473558618558505-381980
cash flow from financing15,1034,555000020434472558618558505-381125,368
cash and cash equivalents
cash122,520149,156-70,954-27,145-34,26328,219-42,939-19,552-13,89219,138-21,0726,03947,42135,460170,808
overdraft000000000000000
change in cash122,520149,156-70,954-27,145-34,26328,219-42,939-19,552-13,89219,138-21,0726,03947,42135,460170,808

insolvency lawyers' association limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Insolvency Lawyers' Association Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for insolvency lawyers' association limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in EX1 area or any other competitors across 12 key performance metrics.

insolvency lawyers' association limited Ownership

INSOLVENCY LAWYERS' ASSOCIATION LIMITED group structure

Insolvency Lawyers' Association Limited has no subsidiary companies.

Ultimate parent company

INSOLVENCY LAWYERS' ASSOCIATION LIMITED

02406222

INSOLVENCY LAWYERS' ASSOCIATION LIMITED Shareholders

--

insolvency lawyers' association limited directors

Insolvency Lawyers' Association Limited currently has 14 directors. The longest serving directors include Mr Phillip Hertz (May 2007) and Mr Adam Plainer (Mar 2013).

officercountryagestartendrole
Mr Phillip Hertz57 years May 2007- Director
Mr Adam PlainerUnited Kingdom58 years Mar 2013- Director
Ms Joanne RumleyUnited Kingdom51 years Mar 2014- Director
Mr Daniel BayfieldUnited Kingdom50 years Nov 2018- Director
Mr David GrayUnited Kingdom54 years Sep 2019- Director
Lindsay HingstonUnited Kingdom39 years Oct 2020- Director
Mr Rory ConwayUnited Kingdom44 years Sep 2021- Director
Ms Kate StephensonUnited Kingdom41 years Oct 2022- Director
Mr Mandip EnglundUnited Kingdom45 years Oct 2022- Director
Ms Melissa CoakleyUnited Kingdom46 years Oct 2022- Director

P&L

November 2023

turnover

159.6k

-8%

operating profit

176.9k

0%

gross margin

73%

-7.77%

turnover

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

Balance Sheet

November 2023

net assets

249.6k

+1.36%

total assets

359.2k

+0.51%

cash

348.9k

+0.54%

net assets

Total assets minus all liabilities

insolvency lawyers' association limited company details

company number

02406222

Type

Private Ltd By Guarantee w/o Share Cap

industry

94120 - Activities of professional membership organisations

incorporation date

July 1989

age

36

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

26-28 southernhay east, exeter, devon, EX1 1NS

Bank

-

Legal Advisor

-

insolvency lawyers' association limited Charges & Mortgages

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 did not find charges/mortgages relating to insolvency lawyers' association limited.

insolvency lawyers' association limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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insolvency lawyers' association limited Companies House Filings - See Documents

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