Sewell Mullings Limited

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sewell mullings limited Company Information

Live

MatureSmallLow

Company Number

02931999

Next Accounts

Mar 2025

Industry

Solicitors

Directors

Erica Burrows

Carol Morris

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Shareholders

sewell mullings logie llp

Group Structure

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Contact

Registered Address

7 dollar street, cirencester, gloucestershire, GL7 2AS

Website

http://sml-law.co.uk

sewell mullings limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of SEWELL MULLINGS LIMITED at £2.3m based on Net Assets of £1.5m and 1.51x industry multiple (adjusted for liquidity).

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Sewell Mullings Limited is a live company located in gloucestershire, GL7 2AS with a Companies House number of 02931999. It operates in the solicitors sector, SIC Code 69102. Founded in May 1994, it's largest shareholder is sewell mullings logie llp with a 100% stake. Sewell Mullings Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with low growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £3.2m, make it larger than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.8%)

EXPORT

Sewell Mullings Limited's latest turnover from June 2023 is estimated at £3.2 million and the company has net assets of £1.5 million. According to their latest financial statements, Sewell Mullings Limited has 42 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Nov 2010
Turnover	3,204,493	3,018,508	3,143,300	2,927,352	453,997	135,974	254	242	27,156	44,821	163,481	54,359	93,067	18,597
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,081,624	1,095,134	1,322,201	1,204,659	172,519	41,448	76	81	10,955	20,919	71,707	20,166	33,851	5,985
Gross Profit	2,122,869	1,923,374	1,821,099	1,722,693	281,478	94,526	177	161	16,201	23,902	91,774	34,192	59,216	12,612
Admin Expenses	2,027,835	1,984,646	956,816	982,410	239,738	58,726	4,095	-21,520	-1,592	-40,342	38,229	2,569	29,889	622
Operating Profit	95,034	-61,272	864,283	740,283	41,740	35,800	-3,918	21,681	17,793	64,244	53,545	31,623	29,327	11,990
Interest Payable	31,720	24,008	20,083	11,681	829	2,151	4,792	5,670	2,837	0	0	0	0	0
Interest Receivable	59,440	15,634	990	433	173	1	1	1	113	134	28	10	6	2
Pre-Tax Profit	122,753	-69,647	845,190	729,035	41,085	33,651	-8,709	16,013	15,069	64,378	53,573	31,633	29,332	11,992
Tax	-30,688	0	-160,586	-138,517	-7,806	-6,394	0	-3,202	-3,014	-13,519	-12,322	-7,592	-7,626	-3,358
Profit After Tax	92,065	-69,647	684,604	590,518	33,279	27,257	-8,709	12,810	12,055	50,859	41,251	24,041	21,706	8,634
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	92,065	-69,647	684,604	590,518	33,279	27,257	-8,709	12,810	12,055	50,859	41,251	24,041	21,706	8,634
Employee Costs	1,594,031	1,452,782	1,380,598	1,176,527	226,121	90,510	29,105	30,582	30,477	29,663	120,643	31,099	64,117	31,501
Number Of Employees	42	42	43	37	7	3	1	1	1	1	4	1	2	1
EBITDA*	109,870	-45,857	882,115	754,234	41,740	35,800	-3,918	21,681	17,793	64,244	53,545	31,623	29,327	11,990

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Nov 2010
Tangible Assets	42,001	25,062	31,974	40,241	0	300,000	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	4,036	300,000	0	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	42,001	25,062	31,974	44,277	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	861,329	870,843	867,293	825,030	0	22,538	46	46	46	46	28,046	4,046	12,011	46
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	233,926	160,681	283,635	151,602	46	0	0	0	0	0	0	0	0	0
Cash	1,036,893	1,340,690	1,160,682	819,720	46,237	0	568	296	113	45,224	8,557	2,494	1,595	689
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,132,148	2,372,214	2,311,610	1,796,352	46,283	22,538	614	342	159	45,270	36,603	6,540	13,606	735
total assets	2,174,149	2,397,276	2,343,584	1,840,629	346,283	322,538	300,614	300,342	300,159	345,270	336,603	306,540	313,606	300,735
Bank overdraft	115,427	122,297	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	60,000	60,000	60,000	0	20,148	0	20,148	20,148	0	0	0	0	0	0
Trade Creditors	12,721	7,369	30,517	9,004	0	105,546	0	0	54,260	53,802	57,984	48,532	39,666	33,024
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	58,447	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
other current liabilities	397,609	567,140	495,704	651,931	98,506	0	71,734	41,788	0	0	0	0	0	0
total current liabilities	585,757	756,806	586,221	719,382	118,654	105,546	91,882	61,936	54,260	53,802	57,984	48,532	39,666	33,024
loans	39,000	180,000	240,000	300,000	4,400	0	46,039	67,004	87,307	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	2,526	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	24,562	0	0	0	144,931	182,941	203,581	243,554	259,031
provisions	28,623	31,766	19,012	7,500	0	0	0	0	0	0	0	0	0	0
total long term liabilities	67,623	211,766	259,012	307,500	4,400	27,088	46,039	67,004	87,307	144,931	182,941	203,581	243,554	259,031
total liabilities	653,380	968,572	845,233	1,026,882	123,054	132,634	137,921	128,940	141,567	198,733	240,925	252,113	283,220	292,055
net assets	1,520,769	1,428,704	1,498,351	813,747	223,229	189,904	162,693	171,402	158,592	146,537	95,678	54,427	30,386	8,680
total shareholders funds	1,520,769	1,428,704	1,498,351	813,747	223,229	189,904	162,693	171,402	158,592	146,537	95,678	54,427	30,386	8,680

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	95,034	-61,272	864,283	740,283	41,740	35,800	-3,918	21,681	17,793	64,244	53,545	31,623	29,327	11,990	0
Depreciation	14,836	15,415	17,832	13,951	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-30,688	0	-160,586	-138,517	-7,806	-6,394	0	-3,202	-3,014	-13,519	-12,322	-7,592	-7,626	-3,358	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	63,731	-119,404	174,296	976,586	-22,492	22,492	0	0	0	-28,000	24,000	-7,965	11,965	46	0
Creditors	5,352	-23,148	21,513	9,004	-105,546	105,546	0	-54,260	458	-4,182	9,452	8,866	6,642	33,024	0
Accruals and Deferred Income	-169,531	71,436	-156,227	553,425	95,980	-69,208	29,946	41,788	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,143	12,754	11,512	7,500	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-151,871	134,589	424,031	209,060	46,860	43,252	26,028	6,007	15,237	74,543	26,675	40,862	16,378	41,610	0
Investing Activities
capital expenditure	-31,775	-8,503	-9,565	-54,192	300,000	-300,000	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	-4,036	-295,964	300,000	-300,000	0	0	0	0	0	0	0	300,000	0
cash flow from investments	-31,775	-8,503	-5,529	241,772	0	0	0	0	0	0	0	0	0	-300,000	0
Financing Activities
Bank loans	0	0	60,000	-20,148	20,148	-20,148	0	20,148	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	-58,447	58,447	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-141,000	-60,000	-60,000	295,600	4,400	-46,039	-20,965	-20,303	87,307	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	-24,562	24,562	0	0	-144,931	-38,010	-20,640	-39,973	-15,477	259,031	0
share issue	0	0	0	0	46	-46	0	0	0	0	0	0	0	46	0
interest	27,720	-8,374	-19,093	-11,248	-656	-2,150	-4,791	-5,669	-2,724	134	28	10	6	2	0
cash flow from financing	-113,280	-68,374	-77,540	322,651	-624	-43,821	-25,756	-5,824	-60,348	-37,876	-20,612	-39,963	-15,471	259,079	0
cash and cash equivalents
cash	-303,797	180,008	340,962	773,483	46,237	-568	272	183	-45,111	36,667	6,063	899	906	689	0
overdraft	-6,870	122,297	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-296,927	57,711	340,962	773,483	46,237	-568	272	183	-45,111	36,667	6,063	899	906	689	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SEWELL MULLINGS LIMITED group structure

Sewell Mullings Limited has 1 subsidiary company.

Ultimate parent company

SEWELL MULLINGS LOGIE LLP

OC354146

1 parent

SEWELL MULLINGS LIMITED

02931999

1 subsidiary

SML LAW LIMITED

10105869

SEWELL MULLINGS LIMITED Shareholders

sewell mullings logie llp

100%

Sewell Mullings Limited currently has 8 directors. The longest serving directors include Mrs Erica Burrows (May 2003) and Mrs Carol Morris (Oct 2017).

officer	age	start	end	role
Mrs Erica Burrows	55 years	May 2003	-	Director
Mrs Carol Morris	57 years	Oct 2017	-	Director
Mrs Samantha McEwan	47 years	Oct 2017	-	Director
Mrs Rachel Wooddisse	46 years	Oct 2017	-	Director
Mrs Sophie Aldis	37 years	May 2019	-	Director
Miss Elizabeth Stilwell	57 years	May 2019	-	Director
Mrs Sarah Pugh	35 years	Jan 2023	-	Director
Ms Charlotte Badger	31 years	Jan 2024	-	Director

P&L

June 2023

turnover

3.2m

+6%

operating profit

95k

gross margin

66.3%

+3.97%

turnover

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

Balance Sheet

June 2023

net assets

1.5m

+0.06%

total assets

2.2m

-0.09%

cash

-0.23%

net assets

Total assets minus all liabilities

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company number

02931999

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

May 1994

ultimate parent company

SEWELL MULLINGS LOGIE LLP

previous names

sewell mullings & logie ltd. (April 2010)

creditnow trading limited (March 1996)

address

7 dollar street, cirencester, gloucestershire, GL7 2AS

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 1 charges/mortgages relating to sewell mullings limited. Currently there are 1 open charges and 0 have been satisfied in the past.

sewell mullings limited Company Information

sewell mullings limited Estimated Valuation

sewell mullings limited Estimated Valuation

sewell mullings limited Estimated Valuation

Sewell Mullings Limited Overview

Sewell Mullings Limited Health Check

SEWELL MULLINGS LIMITED financials

sewell mullings limited Credit Report and Business Information

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sewell mullings limited Ownership

sewell mullings limited directors

sewell mullings limited company details

sewell mullings limited Charges & Mortgages

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