insolvency lawyers' association limited Company Information
Company Number
02406222
Next Accounts
Aug 2025
Industry
Activities of professional membership organisations
Shareholders
-
Group Structure
View All
Contact
Registered Address
26-28 southernhay east, exeter, devon, EX1 1NS
insolvency lawyers' association limited Estimated Valuation
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
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
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
4 Strong
4 Regular
3 Weak
Size
annual sales of £159.6k, make it smaller than the average company (£722.7k)
- Insolvency Lawyers' Association Limited
£722.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.1%)
- Insolvency Lawyers' Association Limited
3.1% - Industry AVG
Production
with a gross margin of 72.9%, this company has a comparable cost of product (72.9%)
- Insolvency Lawyers' Association Limited
72.9% - Industry AVG
Profitability
an operating margin of 110.9% make it more profitable than the average company (2.7%)
- Insolvency Lawyers' Association Limited
2.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (11)
2 - Insolvency Lawyers' Association Limited
11 - Industry AVG
Pay Structure
on an average salary of £46k, the company has an equivalent pay structure (£46k)
- Insolvency Lawyers' Association Limited
£46k - Industry AVG
Efficiency
resulting in sales per employee of £79.8k, this is less efficient (£105.5k)
- Insolvency Lawyers' Association Limited
£105.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (22 days)
- Insolvency Lawyers' Association Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 129 days, this is slower than average (37 days)
- Insolvency Lawyers' Association Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Insolvency Lawyers' Association Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 195,336 | 143,833 | 259,642 | 268,482 | 241,953 | 276,561 | 250,666 | 283,933 | 250,291 | 260,071 | 98,850 | 92,330 | 76,408 | ||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Cost Of Sales | 1,590 | 8,336 | 95,795 | 93,231 | 116,786 | 159,736 | 134,577 | 156,883 | 165,623 | 153,050 | |||||
Gross Profit | 193,746 | 135,497 | 163,847 | 175,251 | 125,167 | 116,825 | 116,089 | 127,050 | 84,668 | 107,021 | |||||
Admin Expenses | 163,771 | 276,140 | 189,135 | 143,127 | 172,578 | 145,452 | 133,512 | 143,074 | 108,858 | 114,799 | |||||
Operating Profit | 29,975 | -140,643 | -25,288 | 32,124 | -47,411 | -28,627 | -17,423 | -16,024 | -24,190 | -7,778 | 39,639 | 27,685 | 54,496 | ||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 796 | 0 | ||
Interest Receivable | 0 | 0 | 0 | 0 | 20 | 434 | 473 | 558 | 618 | 558 | 505 | 415 | 980 | ||
Pre-Tax Profit | 29,975 | -140,643 | -25,288 | 32,124 | -47,391 | -28,193 | -16,950 | -15,466 | -23,572 | -7,220 | 40,144 | 28,100 | 55,476 | ||
Tax | 0 | 0 | 0 | 83 | -4 | -87 | -95 | 0 | 0 | -492 | -1,429 | -87 | -206 | ||
Profit After Tax | 29,975 | -140,643 | -25,288 | 32,207 | -47,395 | -28,280 | -17,045 | -15,466 | -23,572 | -7,712 | 38,715 | 28,013 | 55,270 | ||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Retained Profit | 29,975 | -140,643 | -25,288 | 32,207 | -47,395 | -28,280 | -17,045 | -15,466 | -23,572 | -7,712 | 38,715 | 28,013 | 55,270 | ||
Employee Costs | 0 | 0 | 0 | ||||||||||||
Number Of Employees | 2 | 2 | 2 | 2 | 12 | ||||||||||
EBITDA* | 29,975 | -140,643 | -25,288 | 32,124 | -47,411 | -28,627 | -17,423 | -16,024 | -23,754 | -4,343 | 50,742 | 38,351 | 62,163 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 436 | 3,871 | 13,667 | 15,333 |
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 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 436 | 3,871 | 13,667 | 15,333 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 7,632 | 8,832 | 5,826 | 6,335 | 3,005 | 1,380 | 8,075 | 0 | 0 | 0 | 0 | 39 | 0 | 1,604 | 2,633 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 2,638 | 3,067 | 1,011 | 181 | 181 | 6,431 | 18,686 | 16,313 | 24,788 | 11,321 | 8,323 | 8,672 | 9,626 | 9,565 | 10,275 |
Cash | 348,944 | 226,424 | 77,268 | 148,222 | 175,367 | 209,630 | 181,411 | 224,350 | 243,902 | 257,794 | 238,656 | 259,728 | 253,689 | 206,268 | 170,808 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 359,214 | 238,323 | 84,105 | 154,738 | 178,553 | 217,441 | 208,172 | 240,663 | 268,690 | 269,115 | 246,979 | 268,439 | 263,315 | 217,437 | 183,716 |
total assets | 359,214 | 238,323 | 84,105 | 154,738 | 178,553 | 217,441 | 208,172 | 240,663 | 268,690 | 269,115 | 246,979 | 268,875 | 267,186 | 231,104 | 199,049 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 15,320 | 0 | 2,563 | 3,705 | 4,586 | 25,692 | 21,862 | 47,652 | 20,780 | 6,154 | 0 | 0 | 0 | 0 | 5,145 |
Group/Directors Accounts | 0 | 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 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 94,257 | 132,718 | 78,376 | 177,842 | 60,133 | 52,627 | 79,395 | 38,701 | 65,320 | 63,325 | 31,877 | 30,201 | 20,800 | 23,433 | 14,246 |
total current liabilities | 109,577 | 132,718 | 80,939 | 181,547 | 64,719 | 78,319 | 101,257 | 86,353 | 86,100 | 69,479 | 31,877 | 30,201 | 20,800 | 23,433 | 19,391 |
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 | 0 | 0 | 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 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 109,577 | 132,718 | 80,939 | 181,547 | 64,719 | 78,319 | 101,257 | 86,353 | 86,100 | 69,479 | 31,877 | 30,201 | 20,800 | 23,433 | 19,391 |
net assets | 249,637 | 105,605 | 3,166 | -26,809 | 113,834 | 139,122 | 106,915 | 154,310 | 182,590 | 199,636 | 215,102 | 238,674 | 246,386 | 207,671 | 179,658 |
total shareholders funds | 249,637 | 105,605 | 3,166 | -26,809 | 113,834 | 139,122 | 106,915 | 154,310 | 182,590 | 199,636 | 215,102 | 238,674 | 246,386 | 207,671 | 179,658 |
Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 29,975 | -140,643 | -25,288 | 32,124 | -47,411 | -28,627 | -17,423 | -16,024 | -24,190 | -7,778 | 39,639 | 27,685 | 54,496 | ||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 436 | 3,435 | 11,103 | 10,666 | 7,667 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 83 | -4 | -87 | -95 | 0 | 0 | -492 | -1,429 | -87 | -206 | ||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -1,629 | 5,062 | 321 | 3,330 | -4,625 | -18,950 | 10,448 | -8,475 | 13,467 | 2,998 | -388 | -915 | -1,543 | -1,739 | 12,908 |
Creditors | 15,320 | -2,563 | -1,142 | -881 | -21,106 | 3,830 | -25,790 | 26,872 | 14,626 | 6,154 | 0 | 0 | 0 | -5,145 | 5,145 |
Accruals and Deferred Income | -38,461 | 54,342 | -99,466 | 117,709 | 7,506 | -26,768 | 40,694 | -26,619 | 1,995 | 31,448 | 1,676 | 9,401 | -2,633 | 9,187 | 14,246 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -70,954 | -27,145 | -34,263 | 28,219 | -42,959 | -19,986 | -14,364 | 18,580 | -21,690 | 5,481 | 48,223 | 44,045 | 68,440 | ||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 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 | 0 |
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 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 0 | 0 | 0 | 0 | 20 | 434 | 473 | 558 | 618 | 558 | 505 | -381 | 980 | ||
cash flow from financing | 0 | 0 | 0 | 0 | 20 | 434 | 472 | 558 | 618 | 558 | 505 | -381 | 125,368 | ||
cash and cash equivalents | |||||||||||||||
cash | 122,520 | 149,156 | -70,954 | -27,145 | -34,263 | 28,219 | -42,939 | -19,552 | -13,892 | 19,138 | -21,072 | 6,039 | 47,421 | 35,460 | 170,808 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 122,520 | 149,156 | -70,954 | -27,145 | -34,263 | 28,219 | -42,939 | -19,552 | -13,892 | 19,138 | -21,072 | 6,039 | 47,421 | 35,460 | 170,808 |
insolvency lawyers' association limited Credit Report and Business Information
Insolvency Lawyers' Association Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Phillip Hertz | 57 years | May 2007 | - | Director | |
Mr Adam Plainer | United Kingdom | 58 years | Mar 2013 | - | Director |
Ms Joanne Rumley | United Kingdom | 51 years | Mar 2014 | - | Director |
Mr Daniel Bayfield | United Kingdom | 50 years | Nov 2018 | - | Director |
Mr David Gray | United Kingdom | 54 years | Sep 2019 | - | Director |
Lindsay Hingston | United Kingdom | 39 years | Oct 2020 | - | Director |
Mr Rory Conway | United Kingdom | 44 years | Sep 2021 | - | Director |
Ms Kate Stephenson | United Kingdom | 41 years | Oct 2022 | - | Director |
Mr Mandip Englund | United Kingdom | 45 years | Oct 2022 | - | Director |
Ms Melissa Coakley | United Kingdom | 46 years | Oct 2022 | - | Director |
P&L
November 2023turnover
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 2023net 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
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
date | description | view/download |
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