north east legal services limited
north east legal services limited Company Information
Company Number
04724550
Next Accounts
Mar 2025
Shareholders
mrs j. lakey & mr r.j. lakey
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
15 bankside the watermark, gateshead, tyne and wear, NE11 9SY
Website
brar.co.uknorth east legal services limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH EAST LEGAL SERVICES LIMITED at £87.4k based on a Turnover of £221.4k and 0.39x industry multiple (adjusted for size and gross margin).
north east legal services limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH EAST LEGAL SERVICES LIMITED at £0 based on an EBITDA of £0 and a 2.81x industry multiple (adjusted for size and gross margin).
north east legal services limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH EAST LEGAL SERVICES LIMITED at £0 based on Net Assets of £-4.5k and 2.37x industry multiple (adjusted for liquidity).
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North East Legal Services Limited Overview
North East Legal Services Limited is a live company located in tyne and wear, NE11 9SY with a Companies House number of 04724550. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2003, it's largest shareholder is mrs j. lakey & mr r.j. lakey with a 100% stake. North East Legal Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £221.4k with declining growth in recent years.
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North East Legal Services Limited Health Check
Pomanda's financial health check has awarded North East Legal Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £221.4k, make it smaller than the average company (£3.7m)
- North East Legal Services Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.7%)
- North East Legal Services Limited
4.7% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (37.9%)
- North East Legal Services Limited
37.9% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- North East Legal Services Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (24)
1 - North East Legal Services Limited
24 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has an equivalent pay structure (£48.4k)
- North East Legal Services Limited
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £221.4k, this is more efficient (£154.4k)
- North East Legal Services Limited
£154.4k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (41 days)
- North East Legal Services Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 209 days, this is slower than average (33 days)
- North East Legal Services Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- North East Legal Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - North East Legal Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.5%, this is a higher level of debt than the average (61.7%)
104.5% - North East Legal Services Limited
61.7% - Industry AVG
NORTH EAST LEGAL SERVICES LIMITED financials
North East Legal Services Limited's latest turnover from June 2023 is estimated at £221.4 thousand and the company has net assets of -£4.5 thousand. According to their latest financial statements, North East Legal Services Limited has 1 employee and maintains cash reserves of 0 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 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | |||||||||
| EBITDA* |
* 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 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 3,569 | 3,569 | 3,569 | 4,199 | 4,940 | 6,175 | 7,717 | 9,607 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 38,750 | 38,750 | 38,750 | 43,750 | 48,750 | 53,750 | 58,750 | 63,750 |
| Investments & Other | 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 |
| Total Fixed Assets | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 42,319 | 47,949 | 53,690 | 59,925 | 66,467 | 73,357 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 63,268 | 75,318 | 82,832 | 121,012 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350 | 13,358 | 4,634 | 788 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 58,215 | 63,618 | 88,676 | 87,466 | 121,800 |
| total assets | 100,534 | 100,534 | 100,534 | 100,534 | 100,534 | 100,534 | 100,534 | 100,534 | 100,534 | 106,164 | 117,308 | 148,601 | 153,933 | 195,157 |
| Bank overdraft | 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 |
| Trade Creditors | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 115,912 | 143,477 | 156,890 | 193,001 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 115,912 | 143,477 | 156,890 | 193,001 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 799 | 1,998 |
| provisions | 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 | 799 | 1,998 |
| total liabilities | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 105,016 | 115,912 | 143,477 | 157,689 | 194,999 |
| net assets | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | 1,148 | 1,396 | 5,124 | -3,756 | 158 |
| total shareholders funds | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | -4,482 | 1,148 | 1,396 | 5,124 | -3,756 | 158 |
| 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 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 630 | 741 | 1,235 | 1,542 | 1,890 | 2,398 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 6,250 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,053 | -12,050 | -7,514 | -38,180 | 121,012 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,896 | -27,565 | -13,413 | -36,111 | 193,001 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 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 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -799 | -1,199 | 1,998 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -350 | -13,008 | 8,724 | 3,846 | 788 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -350 | -13,008 | 8,724 | 3,846 | 788 |
north east legal services limited Credit Report and Business Information
North East Legal Services Limited Competitor Analysis
Perform a competitor analysis for north east legal services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NE11 area or any other competitors across 12 key performance metrics.
north east legal services limited Ownership
NORTH EAST LEGAL SERVICES LIMITED group structure
North East Legal Services Limited has no subsidiary companies.
Ultimate parent company
NORTH EAST LEGAL SERVICES LIMITED
04724550
north east legal services limited directors
North East Legal Services Limited currently has 2 directors. The longest serving directors include Mr Richard Lakey (Apr 2003) and Ms Jacqueline Lakey (Apr 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Lakey | 54 years | Apr 2003 | - | Director | |
| Ms Jacqueline Lakey | United Kingdom | 62 years | Apr 2003 | - | Director |
P&L
June 2023turnover
221.4k
+7%
operating profit
0
0%
gross margin
17.6%
+5.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-4.5k
0%
total assets
100.5k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
north east legal services limited company details
company number
04724550
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2003
age
22
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
15 bankside the watermark, gateshead, tyne and wear, NE11 9SY
Bank
-
Legal Advisor
-
north east legal services 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 1 charges/mortgages relating to north east legal services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
north east legal services 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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north east legal services limited Companies House Filings - See Documents
| date | description | view/download |
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