prolegal limited
prolegal limited Company Information
Company Number
04806652
Next Accounts
Jan 2025
Industry
Solicitors
Directors
Shareholders
simon peter edwards
Group Structure
View All
Contact
Registered Address
3rd floor 37 frederick place, brighton, east sussex, BN1 4EA
Website
thebikesolicitor.co.ukprolegal limited Estimated Valuation
Pomanda estimates the enterprise value of PROLEGAL LIMITED at £9.8m based on a Turnover of £15.5m and 0.63x industry multiple (adjusted for size and gross margin).
prolegal limited Estimated Valuation
Pomanda estimates the enterprise value of PROLEGAL LIMITED at £0 based on an EBITDA of £-30.6k and a 3.41x industry multiple (adjusted for size and gross margin).
prolegal limited Estimated Valuation
Pomanda estimates the enterprise value of PROLEGAL LIMITED at £0 based on Net Assets of £-438.3k and 1.56x industry multiple (adjusted for liquidity).
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Prolegal Limited Overview
Prolegal Limited is a dissolved company that was located in east sussex, BN1 4EA with a Companies House number of 04806652. It operated in the solicitors sector, SIC Code 69102. Founded in June 2003, it's largest shareholder was simon peter edwards with a 100% stake. The last turnover for Prolegal Limited was estimated at £15.5m.
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Prolegal Limited Health Check
Pomanda's financial health check has awarded Prolegal Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £15.5m, make it larger than the average company (£1.1m)
- Prolegal Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (2.5%)
- Prolegal Limited
2.5% - Industry AVG
Production
with a gross margin of 37%, this company has a higher cost of product (59.2%)
- Prolegal Limited
59.2% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (12.3%)
- Prolegal Limited
12.3% - Industry AVG
Employees
with 193 employees, this is above the industry average (60)
- Prolegal Limited
60 - Industry AVG
Pay Structure
on an average salary of £29.4k, the company has an equivalent pay structure (£29.4k)
- Prolegal Limited
£29.4k - Industry AVG
Efficiency
resulting in sales per employee of £80.5k, this is more efficient (£58.5k)
- Prolegal Limited
£58.5k - Industry AVG
Debtor Days
it gets paid by customers after 157 days, this is later than average (63 days)
- Prolegal Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 266 days, this is slower than average (53 days)
- Prolegal Limited
53 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prolegal Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prolegal Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.5%, this is a higher level of debt than the average (64.3%)
106.5% - Prolegal Limited
64.3% - Industry AVG
PROLEGAL LIMITED financials
Prolegal Limited's latest turnover from December 2014 is estimated at £15.5 million and the company has net assets of -£438.3 thousand. According to their latest financial statements, we estimate that Prolegal Limited has 193 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|
| Turnover | 3,823,091 | 4,465,583 | 5,949,696 | 7,462,182 | 6,612,009 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 1,151,244 | 997,826 | 1,941,143 | 3,276,946 | 2,750,707 | |
| Gross Profit | 2,671,847 | 3,467,757 | 4,008,553 | 4,185,236 | 3,861,302 | |
| Admin Expenses | 2,009,319 | 3,246,238 | 4,103,939 | 3,978,066 | 3,818,865 | |
| Operating Profit | 662,528 | 221,519 | -95,386 | 207,170 | 42,437 | |
| Interest Payable | 212,863 | 214,887 | 193,989 | 215,637 | 136,552 | |
| Interest Receivable | 22 | 21 | 138 | 229 | 177 | |
| Pre-Tax Profit | 449,687 | 7,653 | -289,237 | -8,238 | -93,938 | |
| Tax | -16,183 | 0 | 1,700 | 13,858 | -13,858 | |
| Profit After Tax | 433,504 | 7,653 | -287,537 | 5,620 | -107,796 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 433,504 | 7,653 | -287,537 | 5,620 | -107,796 | |
| Employee Costs | 1,811,929 | 2,193,579 | 2,431,390 | 2,214,335 | 2,214,880 | |
| Number Of Employees | 44 | 48 | 46 | 48 | 46 | |
| EBITDA* | 667,948 | 226,939 | -95,386 | 272,787 | 109,649 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 5,421 | 10,841 | 0 | 0 | 65,617 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 5,421 | 10,841 | 0 | 0 | 65,617 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,700,129 | 6,055,320 | 1,926,718 | 2,102,115 | 2,334,992 | 2,291,976 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 4,018,675 | 3,826,236 | 4,177,757 | 4,727,657 |
| Cash | 0 | 5,669 | 385,015 | 68,004 | 187,256 | 27,857 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,700,129 | 6,060,989 | 6,330,408 | 5,996,355 | 6,700,005 | 7,047,490 |
| total assets | 6,700,129 | 6,066,410 | 6,341,249 | 5,996,355 | 6,700,005 | 7,113,107 |
| Bank overdraft | 0 | 0 | 0 | 57,685 | 19,584 | 51,284 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,138,414 | 1,715,251 | 2,028,545 | 2,092,161 | 1,964,818 | 1,675,095 |
| Group/Directors Accounts | 0 | 232,028 | 228,069 | 180,000 | 0 | 0 |
| other short term finances | 0 | 3,910,788 | 200,000 | 725,000 | 1,224,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 483,481 | 937,760 | 326,886 | 812,379 | 1,731,554 |
| total current liabilities | 7,138,414 | 6,341,548 | 3,394,374 | 3,381,732 | 4,020,781 | 3,457,933 |
| loans | 0 | 0 | 3,655,517 | 3,330,918 | 3,107,982 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 4,089,552 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 3,655,517 | 3,330,918 | 3,107,982 | 4,089,552 |
| total liabilities | 7,138,414 | 6,341,548 | 7,049,891 | 6,712,650 | 7,128,763 | 7,547,485 |
| net assets | -438,285 | -275,138 | -708,642 | -716,295 | -428,758 | -434,378 |
| total shareholders funds | -438,285 | -275,138 | -708,642 | -716,295 | -428,758 | -434,378 |
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 662,528 | 221,519 | -95,386 | 207,170 | 42,437 | |
| Depreciation | 5,421 | 5,420 | 5,420 | 0 | 65,617 | 67,212 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -16,183 | 0 | 1,700 | 13,858 | -13,858 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 644,809 | 109,927 | 17,042 | -584,398 | -506,884 | 7,019,633 |
| Creditors | 5,423,163 | -313,294 | -63,616 | 127,343 | 289,723 | 1,675,095 |
| Accruals and Deferred Income | -483,481 | -454,279 | 610,874 | -485,493 | -919,175 | 1,731,554 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -225,735 | 757,155 | 132,562 | 164,077 | -3,517,193 | |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | -950 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -950 | |||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -232,028 | 3,959 | 48,069 | 180,000 | 0 | 0 |
| Other Short Term Loans | -3,910,788 | 3,710,788 | -525,000 | -499,000 | 1,224,000 | 0 |
| Long term loans | 0 | -3,655,517 | 324,599 | 222,936 | 3,107,982 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -4,089,552 | 4,089,552 |
| share issue | ||||||
| interest | -212,841 | -214,866 | -193,851 | -215,408 | -136,375 | |
| cash flow from financing | -153,611 | -367,198 | -289,915 | 27,022 | 3,626,595 | |
| cash and cash equivalents | ||||||
| cash | -5,669 | -379,346 | 317,011 | -119,252 | 159,399 | 27,857 |
| overdraft | 0 | 0 | -57,685 | 38,101 | -31,700 | 51,284 |
| change in cash | -5,669 | -379,346 | 374,696 | -157,353 | 191,099 | -23,427 |
prolegal limited Credit Report and Business Information
Prolegal Limited Competitor Analysis
Perform a competitor analysis for prolegal limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in BN1 area or any other competitors across 12 key performance metrics.
prolegal limited Ownership
PROLEGAL LIMITED group structure
Prolegal Limited has no subsidiary companies.
Ultimate parent company
PROLEGAL LIMITED
04806652
prolegal limited directors
Prolegal Limited currently has 1 director, Mr Simon Edwards serving since Jan 2004.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Edwards | 60 years | Jan 2004 | - | Director |
P&L
December 2014turnover
15.5m
+307%
operating profit
-36.1k
0%
gross margin
37.1%
-47.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2014net assets
-438.3k
+0.59%
total assets
6.7m
+0.1%
cash
0
-1%
net assets
Total assets minus all liabilities
prolegal limited company details
company number
04806652
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
June 2003
age
22
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
December 2014
previous names
pro legal limited (February 2004)
accountant
-
auditor
-
address
3rd floor 37 frederick place, brighton, east sussex, BN1 4EA
Bank
-
Legal Advisor
-
prolegal 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 4 charges/mortgages relating to prolegal limited. Currently there are 2 open charges and 2 have been satisfied in the past.
prolegal 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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prolegal limited Companies House Filings - See Documents
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