career legal limited

4.5

career legal limited Company Information

Share CAREER LEGAL LIMITED
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Company Number

02477115

Registered Address

10-12 alie street, london, E1 8DE

Industry

Temporary employment agency activities

 

Telephone

02076287117

Next Accounts Due

June 2025

Group Structure

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Directors

Michael Swaby33 Years

Joseph Neilson26 Years

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Shareholders

michael swaby 70%

denis john william simpson 20%

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career legal limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of CAREER LEGAL LIMITED at £4.4m based on a Turnover of £13m and 0.34x industry multiple (adjusted for size and gross margin).

career legal limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of CAREER LEGAL LIMITED at £7m based on an EBITDA of £1.2m and a 6x industry multiple (adjusted for size and gross margin).

career legal limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of CAREER LEGAL LIMITED at £3.1m based on Net Assets of £1.8m and 1.72x industry multiple (adjusted for liquidity).

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Career Legal Limited Overview

Career Legal Limited is a live company located in london, E1 8DE with a Companies House number of 02477115. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in March 1990, it's largest shareholder is michael swaby with a 70% stake. Career Legal Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13m with healthy growth in recent years.

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Career Legal Limited Health Check

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

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £13m, make it in line with the average company (£14.6m)

£13m - Career Legal Limited

£14.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.7%)

8% - Career Legal Limited

4.7% - Industry AVG

production

Production

with a gross margin of 40.5%, this company has a lower cost of product (18.1%)

40.5% - Career Legal Limited

18.1% - Industry AVG

profitability

Profitability

an operating margin of 8.8% make it more profitable than the average company (2.7%)

8.8% - Career Legal Limited

2.7% - Industry AVG

employees

Employees

with 181 employees, this is above the industry average (52)

181 - Career Legal Limited

52 - Industry AVG

paystructure

Pay Structure

on an average salary of £13.1k, the company has a lower pay structure (£49.5k)

£13.1k - Career Legal Limited

£49.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £71.7k, this is less efficient (£268.9k)

£71.7k - Career Legal Limited

£268.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 87 days, this is later than average (45 days)

87 days - Career Legal Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is close to average (4 days)

4 days - Career Legal Limited

4 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Career Legal Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (5 weeks)

3 weeks - Career Legal Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.2%, this is a lower level of debt than the average (73.9%)

48.2% - Career Legal Limited

73.9% - Industry AVG

CAREER LEGAL LIMITED financials

EXPORTms excel logo

Career Legal Limited's latest turnover from September 2023 is £13 million and the company has net assets of £1.8 million. According to their latest financial statements, Career Legal Limited has 181 employees and maintains cash reserves of £128.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover12,972,22512,415,72613,022,57216,396,44810,385,34111,041,1649,199,35010,795,39511,785,72611,842,88111,180,8218,278,40412,087,34718,831,80715,114,366
Other Income Or Grants000000000000000
Cost Of Sales7,714,8216,719,44111,022,53413,939,5166,147,5716,583,0275,470,5986,907,7847,331,4847,425,3566,637,3274,893,0847,962,85512,789,34510,458,951
Gross Profit5,257,4045,696,2852,000,0382,456,9324,237,7704,458,1373,728,7523,887,6114,454,2424,417,5254,543,4943,385,3204,124,4926,042,4624,655,415
Admin Expenses4,122,6633,962,7351,765,6292,720,0734,285,3074,277,6853,847,2413,921,3684,083,2434,379,6823,740,5082,965,6034,062,9555,705,4274,341,210
Operating Profit1,134,7411,733,550234,409-263,141-47,537180,452-118,489-33,757370,99937,843802,986419,71761,537337,035314,205
Interest Payable09824,80324,80325,84125,3826,17319,48137,05513,0565,6328,09123,07510,62210,686
Interest Receivable2,81846774781,82600018232,2993,7188239592
Pre-Tax Profit1,137,5591,733,919209,680-287,866-71,552155,070-124,662-53,238333,96224,810799,653415,34438,470326,652304,111
Tax-254,064-343,303-39,839012,823-44,243-6,51234,685-127,92813,071-227,526-124,661-12,669-123,553-90,597
Profit After Tax883,4951,390,616169,841-287,866-58,729110,827-131,174-18,553206,03437,881572,127290,68325,801203,099213,514
Dividends Paid300,000529,9950038,50058,500172,00035,00078,000253,000243,800297,874531,507268,750800,000
Retained Profit583,495860,621169,841-287,866-97,22952,327-303,174-53,553128,034-215,119328,327-7,191-505,706-65,651-586,486
Employee Costs2,363,3292,117,0863,778,4073,065,7962,409,2982,323,0702,055,3002,457,0672,562,8662,584,1042,562,7052,167,6562,661,7033,161,9192,480,956
Number Of Employees18116690772012282434855575346566658
EBITDA*1,166,0651,771,498259,011-206,38620,792250,999-70,18392,862508,375181,948924,285543,336207,907469,034483,874

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets60,90780,15960,39466,392134,183100,273124,336156,724231,007343,235321,815396,222470,127537,114191,173
Intangible Assets6,1501,96610,22022,04747,29855,66067,89552,52384,86981,50000000
Investments & Other00000000019,91300000
Debtors (Due After 1 year)34,58731,29332,88432,88463,935240,828242,531249,042223,665223,665223,664223,664223,66400
Total Fixed Assets101,644113,418103,498121,323245,416396,761434,762458,289539,541668,313545,479619,886693,791537,114191,173
Stock & work in progress000000000000000
Trade Debtors3,104,0913,011,3561,232,323786,7691,291,5582,096,5031,328,6091,437,9941,965,6051,572,3691,745,8351,454,147780,1342,741,1311,971,367
Group Debtors000047,1908,29046,52800000000
Misc Debtors160,455216,521277,798180,160317,972333,582555,349536,0681,110,816706,596407,123186,568489,659689,747438,791
Cash128,22575,235120,739128,14328,191169,86971,10052,183148,65117,56041,67835,4700616,444655,758
misc current assets000000000000000
total current assets3,392,7713,303,1121,630,8601,095,0721,684,9112,608,2442,001,5862,026,2453,225,0722,296,5252,194,6361,676,1851,269,7934,047,3223,065,916
total assets3,494,4153,416,5301,734,3581,216,3951,930,3273,005,0052,436,3482,484,5343,764,6132,964,8382,740,1152,296,0711,963,5844,584,4363,257,089
Bank overdraft0000813,20900215,5641,119,630838,545162,959334,511334,964584,71233,333
Bank loan000001,136,327499,66100000000
Trade Creditors 92,858125,448172,710533,967279,487108,725354,103306,627201,561321,883108,932144,876161,459593,456224,956
Group/Directors Accounts1,7421,742001,74221,3016,10103,2994871,1461,44811,85840,282329,628
other short term finances000000000000000
hp & lease commitments6,30912,5150011,16510,52510,52210,52245,43647,912014,31514,31529,11450,833
other current liabilities1,583,3182,050,1321,195,576774,063628,4931,423,3641,303,2671,377,1201,735,2161,206,3011,624,1401,283,388901,9982,259,2481,456,465
total current liabilities1,684,2272,189,8371,368,2861,308,0301,734,0962,700,2422,173,6541,909,8333,105,1422,415,1281,897,1771,778,5381,424,5943,506,8122,095,215
loans000000000000025,00125,001
hp & lease commitments0000011,30321,56130,39441,09879,88402,92117,18725,11443,713
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions0000000020,513000000
total long term liabilities0000011,30321,56130,39461,61179,88402,92117,18750,11568,714
total liabilities1,684,2272,189,8371,368,2861,308,0301,734,0962,711,5452,195,2151,940,2273,166,7532,495,0121,897,1771,781,4591,441,7813,556,9272,163,929
net assets1,810,1881,226,693366,072-91,635196,231293,460241,133544,307597,860469,826842,938514,612521,8031,027,5091,093,160
total shareholders funds1,810,1881,226,693366,072-91,635196,231293,460241,133544,307597,860469,826842,938514,612521,8031,027,5091,093,160
Sep 2023Sep 2022Sep 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,134,7411,733,550234,409-263,141-47,537180,452-118,489-33,757370,99937,843802,986419,71761,537337,035314,205
Depreciation28,81329,69412,77531,50434,60535,31048,306126,619137,376144,105121,299123,619146,370131,999169,669
Amortisation2,5118,25411,82725,25133,72435,237000000000
Tax-254,064-343,303-39,839012,823-44,243-6,51234,685-127,92813,071-227,526-124,661-12,669-123,553-90,597
Stock000000000000000
Debtors39,9631,716,165-177,650-720,842-958,548506,186-50,087-1,076,982797,456126,008512,243370,922-1,937,4211,020,7202,410,158
Creditors-32,590-47,262-106,777254,480170,762-245,37847,476105,066-120,322212,951-35,944-16,583-431,997368,500224,956
Accruals and Deferred Income-466,814854,556567,083145,570-794,871120,097-73,853-358,096528,915-417,839340,752381,390-1,357,250802,7831,456,465
Deferred Taxes & Provisions0000000-20,51320,513000000
Cash flow from operations372,634519,324857,128914,506368,054-424,711-52,985930,98612,097-135,877489,324412,560343,412496,044-335,460
Investing Activities
capital expenditure0086,26536,2870-33,542-48,7262,101-47,325-249,833-46,892-49,714-60,178-272,725-16,978
Change in Investments00000000-19,91319,91300000
cash flow from investments0086,26536,2870-33,542-48,7262,101-27,412-269,746-46,892-49,714-60,178-272,725-16,978
Financing Activities
Bank loans0000-1,136,327636,666499,66100000000
Group/Directors Accounts01,742-1,742-1,742-19,55915,2006,101-3,2992,812-659-302-10,410-28,424-289,346329,628
Other Short Term Loans 000000000000000
Long term loans000000000000-25,001025,001
Hire Purchase and Lease Commitments-6,20612,515-11,165-11,165-10,663-10,255-8,833-45,618-41,262127,796-17,236-14,266-22,726-40,31894,546
other long term liabilities000000000000000
share issue000000000-157,993-10001,679,646
interest2,818369-24,729-24,725-24,015-25,382-6,173-19,481-37,037-13,033-3,333-4,373-23,067-10,383-10,094
cash flow from financing-3,38814,626-37,636-37,632-1,190,564616,229490,756-68,398-75,487-43,889-20,872-29,049-99,218-340,0472,118,727
cash and cash equivalents
cash52,990-45,50492,54899,952-141,67898,76918,917-96,468131,091-24,1186,20835,470-616,444-39,314655,758
overdraft00-813,209-813,209813,2090-215,564-904,066281,085675,586-171,552-453-249,748551,37933,333
change in cash52,990-45,504905,757913,161-954,88798,769234,481807,598-149,994-699,704177,76035,923-366,696-590,693622,425

career legal 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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Career Legal Limited Competitor Analysis

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Perform a competitor analysis for career legal limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in E 1 area or any other competitors across 12 key performance metrics.

career legal limited Ownership

CAREER LEGAL LIMITED group structure

Career Legal Limited has no subsidiary companies.

Ultimate parent company

CAREER LEGAL LIMITED

02477115

CAREER LEGAL LIMITED Shareholders

michael swaby 70%
denis john william simpson 20%
joseph william martin neilson 10%

career legal limited directors

Career Legal Limited currently has 8 directors. The longest serving directors include Mr Michael Swaby (Mar 1991) and Mr Joseph Neilson (Mar 1998).

officercountryagestartendrole
Mr Michael Swaby64 years Mar 1991- Director
Mr Joseph NeilsonEngland63 years Mar 1998- Director
Mr Denis SimpsonEngland59 years Mar 1998- Director
Mrs Gemma Grima-BrownEngland43 years May 2017- Director
Mr Anthony WebsterEngland39 years Nov 2018- Director
Mrs Zowie MelvilleEngland48 years Apr 2019- Director
Mrs Michelle ChurchEngland44 years Jul 2021- Director
Miss Hayley CharlesEngland34 years Sep 2022- Director

P&L

September 2023

turnover

13m

+4%

operating profit

1.1m

-35%

gross margin

40.6%

-11.66%

turnover

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

Balance Sheet

September 2023

net assets

1.8m

+0.48%

total assets

3.5m

+0.02%

cash

128.2k

+0.7%

net assets

Total assets minus all liabilities

career legal limited company details

company number

02477115

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

March 1990

age

34

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

September 2023

previous names

termplus limited (April 1990)

accountant

-

auditor

PRAXIS

address

10-12 alie street, london, E1 8DE

Bank

BARCLAYS BANK PLC

Legal Advisor

-

career legal 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 found 11 charges/mortgages relating to career legal limited. Currently there are 2 open charges and 9 have been satisfied in the past.

charges

career legal limited Companies House Filings - See Documents

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