Parnalls Solicitors Limited

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parnalls solicitors limited Company Information

Company Number

04112863

Next Accounts

Sep 2025

Directors

Robert Parnall

Jonathan Parnall

View All

Shareholders

parnall group limited

Group Structure

View All

Industry

Solicitors

Registered Address

15-19 westgate street, launceston, cornwall, PL15 7AB

Website

www.parnalls.com

parnalls solicitors limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of PARNALLS SOLICITORS LIMITED at £5.4m based on Net Assets of £3.1m and 1.74x industry multiple (adjusted for liquidity).

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Parnalls Solicitors Limited is a live company located in cornwall, PL15 7AB with a Companies House number of 04112863. It operates in the solicitors sector, SIC Code 69102. Founded in November 2000, it's largest shareholder is parnall group limited with a 100% stake. Parnalls Solicitors Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Parnalls Solicitors Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

3 Weak

Size

annual sales of £4.9m, make it larger than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7%)

EXPORT

Parnalls Solicitors Limited's latest turnover from December 2023 is estimated at £4.9 million and the company has net assets of £3.1 million. According to their latest financial statements, Parnalls Solicitors Limited has 35 employees and maintains cash reserves of £362 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	4,868,377	4,188,187	3,750,157	3,485,695	2,905,130	2,827,787	1,266,896	1,143,878	1,281,004	562,789	963,962	1,236,594	1,200,536	1,384,974
Other Income Or Grants
Cost Of Sales	2,909,719	2,463,560	2,364,378	2,230,192	1,807,687	1,799,313	794,122	630,865	778,579	354,425	661,572	827,762	732,633	847,333
Gross Profit	1,958,658	1,724,627	1,385,779	1,255,503	1,097,443	1,028,473	472,774	513,013	502,426	208,364	302,389	408,832	467,903	537,640
Admin Expenses	1,285,770	762,340	921,704	1,004,309	660,119	199,007	413,711	396,222	555,094	347,644	272,887	429,819	600,793	381,578	-497,225
Operating Profit	672,888	962,287	464,075	251,194	437,324	829,466	59,063	116,791	-52,668	-139,280	29,502	-20,987	-132,890	156,062	497,225
Interest Payable						16,531	33,050	16,473
Interest Receivable	10	7	1		1	1	1	1	1	1	1	1		1
Pre-Tax Profit	672,899	962,294	464,075	251,194	437,325	812,936	26,014	100,319	-52,667	-139,279	29,503	-20,986	-132,890	156,063	497,225
Tax	-168,225	-182,836	-88,174	-47,727	-83,092	-154,458	-4,943	-20,064			-6,786			-43,697	-139,223
Profit After Tax	504,674	779,458	375,901	203,467	354,233	658,478	21,071	80,255	-52,667	-139,279	22,717	-20,986	-132,890	112,365	358,002
Dividends Paid
Retained Profit	504,674	779,458	375,901	203,467	354,233	658,478	21,071	80,255	-52,667	-139,279	22,717	-20,986	-132,890	112,365	358,002
Employee Costs	1,408,309	1,246,355	1,396,808	1,005,470	1,319,052	1,774,549	1,206,491	1,063,191	954,440	206,064	377,558	440,595	515,111	634,107
Number Of Employees	35	33	40	30	36	51	36	33	31	7	12	14	16	20
EBITDA*	682,354	971,877	489,051	278,415	464,759	855,861	85,185	145,080	-30,354	-114,771	52,002	3,712	-103,943	190,661	526,040

* 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	39,907	39,409	34,540	45,041	46,913	59,621	43,294	54,941	30,670	38,509	48,543	56,550	71,044	90,296	75,490
Intangible Assets				14,475	28,950	43,425	57,900	72,375	86,850	101,325	115,800	125,450	135,100	144,750	154,400
Investments & Other					357,932	352,568
Debtors (Due After 1 year)
Total Fixed Assets	39,907	39,409	34,540	59,516	433,795	455,614	101,194	127,316	117,520	139,834	164,343	182,000	206,144	235,046	229,890
Stock & work in progress							294,665	282,273	304,668	324,426	308,984	293,711	177,388	77,388	74,455
Trade Debtors	4,227,839	3,721,261	2,929,900	2,625,883	1,850,565	1,437,677	389,460	355,334	542,961	208,511	385,250	483,403	475,446	589,720	339,040
Group Debtors
Misc Debtors							212,361	191,000		409,360	287,368		18,539
Cash	362	28	344	73	97	59	152	202	218	265	15	297	38	49	176
misc current assets
total current assets	4,228,201	3,721,289	2,930,244	2,625,956	1,850,662	1,437,736	896,638	828,809	847,847	942,562	981,617	777,411	671,411	667,157	413,671
total assets	4,268,108	3,760,698	2,964,784	2,685,472	2,284,457	1,893,350	997,832	956,125	965,367	1,082,396	1,145,960	959,411	877,555	902,203	643,561
Bank overdraft							193,198	181,458
Bank loan
Trade Creditors	1,042,541	1,001,705	944,932	988,188	912,710	828,107	24,377	14,451	791,926	856,070	780,009	640,730	530,804	408,571	284,559
Group/Directors Accounts
other short term finances							270,844	309,956
hp & lease commitments
other current liabilities							229,605	180,209
total current liabilities	1,042,541	1,001,705	944,932	988,188	912,710	828,107	718,024	686,074	791,926	856,070	780,009	640,730	530,804	408,571	284,559
loans							25,759	35,709
hp & lease commitments
Accruals and Deferred Income
other liabilities	91,667	131,667	171,667	225,000	25,000	25,000			25,000	25,000	25,000		6,057	19,600
provisions	8,100	6,200	6,517	6,517	6,517	9,562	4,461	5,825	179	397	743	1,190	2,217	2,665
total long term liabilities	99,767	137,867	178,184	231,517	31,517	34,562	30,220	41,534	25,179	25,397	25,743	1,190	8,274	22,265
total liabilities	1,142,308	1,139,572	1,123,116	1,219,705	944,227	862,669	748,244	727,608	817,105	881,467	805,752	641,920	539,078	430,836	284,559
net assets	3,125,800	2,621,126	1,841,668	1,465,767	1,340,230	1,030,681	249,588	228,517	148,262	200,929	340,208	317,491	338,477	471,367	359,002
total shareholders funds	3,125,800	2,621,126	1,841,668	1,465,767	1,340,230	1,030,681	249,588	228,517	148,262	200,929	340,208	317,491	338,477	471,367	359,002

	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	672,888	962,287	464,075	251,194	437,324	829,466	59,063	116,791	-52,668	-139,280	29,502	-20,987	-132,890	156,062	497,225
Depreciation	9,466	9,590	10,501	12,746	12,960	11,920	11,647	13,814	7,839	10,034	12,850	15,049	19,297	24,949	19,165
Amortisation			14,475	14,475	14,475	14,475	14,475	14,475	14,475	14,475	9,650	9,650	9,650	9,650	9,650
Tax	-168,225	-182,836	-88,174	-47,727	-83,092	-154,458	-4,943	-20,064			-6,786			-43,697	-139,223
Stock						-294,665	12,392	-22,395	-19,758	15,442	15,273	116,323	100,000	2,933	74,455
Debtors	506,578	791,361	304,017	775,318	412,888	835,856	55,487	3,373	-74,910	-54,747	189,215	-10,582	-95,735	250,680	339,040
Creditors	40,836	56,773	-43,256	75,478	84,603	803,730	9,926	-777,475	-64,144	76,061	139,279	109,926	122,233	124,012	284,559
Accruals and Deferred Income						-229,605	49,396	180,209
Deferred Taxes & Provisions	1,900	-317			-3,045	5,101	-1,364	5,646	-218	-346	-447	-1,027	-448	2,665
Cash flow from operations	50,287	54,136	53,604	-469,152	50,337	739,438	70,321	-447,582	-48	249	-20,440	6,870	13,577	20,028	257,881
Investing Activities
capital expenditure	-9,964	-14,459		-10,874	-252	-28,247		-38,085			-4,843	-555	-45	-39,755	-258,705
Change in Investments				-357,932	5,364	352,568
cash flow from investments	-9,964	-14,459		347,058	-5,616	-380,815		-38,085			-4,843	-555	-45	-39,755	-258,705
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans						-270,844	-39,112	309,956
Long term loans						-25,759	-9,950	35,709
Hire Purchase and Lease Commitments
other long term liabilities	-40,000	-40,000	-53,333	200,000		25,000		-25,000			25,000	-6,057	-13,543	19,600
share issue				-77,930	-44,684	122,615									1,000
interest	10	7	1		1	-16,530	-33,049	-16,472	1	1	1	1		1
cash flow from financing	-39,990	-39,993	-53,332	122,070	-44,683	-165,518	-82,111	304,193	1	1	25,001	-6,056	-13,543	19,601	1,000
cash and cash equivalents
cash	334	-316	271	-24	38	-93	-50	-16	-47	250	-282	259	-11	-127	176
overdraft						-193,198	11,740	181,458
change in cash	334	-316	271	-24	38	193,105	-11,790	-181,474	-47	250	-282	259	-11	-127	176

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARNALLS SOLICITORS LIMITED group structure

Parnalls Solicitors Limited has no subsidiary companies.

Ultimate parent company

PARNALL GROUP LIMITED

08382896

1 parent

PARNALLS SOLICITORS LIMITED

04112863

PARNALLS SOLICITORS LIMITED Shareholders

parnall group limited

100%

Parnalls Solicitors Limited currently has 6 directors. The longest serving directors include Mr Robert Parnall (Dec 2000) and Mr Jonathan Parnall (Dec 2000).

officer	country	age	start	end	role
Mr Robert Parnall	United Kingdom	65 years	Dec 2000	-	Director
Mr Jonathan Parnall		68 years	Dec 2000	-	Director
Ms Katherine Kitson		56 years	Dec 2000	-	Director
Miss Deborah Adams		55 years	Jun 2010	-	Director
Mrs Marie Quirk	England	43 years	May 2019	-	Director
Miss Laura Baglow	England	47 years	Jan 2020	-	Director

P&L

December 2023

turnover

4.9m

+16%

operating profit

672.9k

gross margin

40.3%

-2.3%

turnover

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

Balance Sheet

December 2023

net assets

3.1m

+0.19%

total assets

4.3m

+0.13%

cash

362

+11.93%

net assets

Total assets minus all liabilities

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company number

04112863

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

November 2000

ultimate parent company

PARNALL GROUP LIMITED

previous names

tigerocean limited (December 2000)

address

15-19 westgate street, launceston, cornwall, PL15 7AB

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