sandersons solicitors limited

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sandersons solicitors limited Company Information

Share SANDERSONS SOLICITORS LIMITED

Company Number

04937156

Shareholders

david mark roberts

paul christopher grimwood

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Group Structure

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Industry

Solicitors

 

Registered Address

17-19 parliament street, hull, east yorkshire, HU1 2BH

sandersons solicitors limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of SANDERSONS SOLICITORS LIMITED at £1.3m based on a Turnover of £2m and 0.65x industry multiple (adjusted for size and gross margin).

sandersons solicitors limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SANDERSONS SOLICITORS LIMITED at £0 based on an EBITDA of £-7.1k and a 3.42x industry multiple (adjusted for size and gross margin).

sandersons solicitors limited Estimated Valuation

£530.5k

Pomanda estimates the enterprise value of SANDERSONS SOLICITORS LIMITED at £530.5k based on Net Assets of £308.6k and 1.72x industry multiple (adjusted for liquidity).

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Sandersons Solicitors Limited Overview

Sandersons Solicitors Limited is a live company located in east yorkshire, HU1 2BH with a Companies House number of 04937156. It operates in the solicitors sector, SIC Code 69102. Founded in October 2003, it's largest shareholder is david mark roberts with a 37.5% stake. Sandersons Solicitors Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Sandersons Solicitors Limited Health Check

Pomanda's financial health check has awarded Sandersons Solicitors Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £2m, make it larger than the average company (£1.4m)

£2m - Sandersons Solicitors Limited

£1.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7%)

-2% - Sandersons Solicitors Limited

7% - Industry AVG

production

Production

with a gross margin of 63.8%, this company has a comparable cost of product (63.8%)

63.8% - Sandersons Solicitors Limited

63.8% - Industry AVG

profitability

Profitability

an operating margin of -0.7% make it less profitable than the average company (9.4%)

-0.7% - Sandersons Solicitors Limited

9.4% - Industry AVG

employees

Employees

with 43 employees, this is above the industry average (21)

43 - Sandersons Solicitors Limited

21 - Industry AVG

paystructure

Pay Structure

on an average salary of £41k, the company has an equivalent pay structure (£41k)

£41k - Sandersons Solicitors Limited

£41k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £46.6k, this is less efficient (£75.2k)

£46.6k - Sandersons Solicitors Limited

£75.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 23 days, this is earlier than average (72 days)

23 days - Sandersons Solicitors Limited

72 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 19 days, this is quicker than average (24 days)

19 days - Sandersons Solicitors Limited

24 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sandersons Solicitors Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (23 weeks)

36 weeks - Sandersons Solicitors Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.8%, this is a higher level of debt than the average (52.3%)

75.8% - Sandersons Solicitors Limited

52.3% - Industry AVG

SANDERSONS SOLICITORS LIMITED financials

EXPORTms excel logo

Sandersons Solicitors Limited's latest turnover from April 2024 is estimated at £2 million and the company has net assets of £308.6 thousand. According to their latest financial statements, Sandersons Solicitors Limited has 43 employees and maintains cash reserves of £672 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover2,003,1112,006,9752,128,6342,121,2002,312,7742,896,2432,883,5812,628,0542,842,3903,326,8614,870,1745,072,7241,145,635875,7631,187,390
Other Income Or Grants000000000000000
Cost Of Sales725,983660,236640,115874,2381,006,9761,095,624809,730732,4081,054,1991,357,5812,359,0442,496,004454,289365,934439,595
Gross Profit1,277,1281,346,7391,488,5191,246,9621,305,7981,800,6192,073,8501,895,6451,788,1911,969,2802,511,1302,576,720691,346509,829747,795
Admin Expenses1,292,2261,350,4161,383,9911,274,8691,319,4041,848,4152,167,0451,996,6312,068,9251,940,8272,602,7382,409,192633,305626,249-441,045
Operating Profit-15,098-3,677104,528-27,907-13,606-47,796-93,195-100,986-280,73428,453-91,608167,52858,041-116,4201,188,840
Interest Payable65,22234,1556,8155,1992,0163511531414000000
Interest Receivable33,03223,6473,7173372152,0761,6458021,5961,3721,2361,5471,6321,8431,089
Pre-Tax Profit-47,288-14,185101,430-32,769-15,407-46,071-91,703-100,198-279,15229,825-90,372169,07559,674-114,5771,189,929
Tax00-19,272000000-5,9650-38,887-14,3220-333,180
Profit After Tax-47,288-14,18582,158-32,769-15,407-46,071-91,703-100,198-279,15223,860-90,372130,18845,352-114,577856,749
Dividends Paid000000000000000
Retained Profit-47,288-14,18582,158-32,769-15,407-46,071-91,703-100,198-279,15223,860-90,372130,18845,352-114,577856,749
Employee Costs1,764,3501,765,1221,698,9251,627,7511,641,1651,712,7191,631,7991,529,1121,489,2161,785,7272,469,4332,967,809676,278580,226754,885
Number Of Employees434548494850504948588194211824
EBITDA*-7,1264,934225,26491,940101,75365,78430,68218,723-110,960206,18185,555340,752100,435-74,5291,230,892

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets2,8437,6249,66316,16219,77015,08917,86929,49135,77334,45951,26467,6028,71510,5777,240
Intangible Assets03,1916,383119,575220,000330,000440,000550,000654,201804,701955,2011,105,701156,201196,701237,201
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,84310,81516,046135,737239,770345,089457,869579,491689,974839,1601,006,4651,173,303164,916207,278244,441
Stock & work in progress000000000000000
Trade Debtors129,100131,310221,322218,416337,124588,400623,220571,792676,324697,626941,0741,058,315253,572162,410219,874
Group Debtors000000000000000
Misc Debtors468,931506,432503,921460,979450,814181,643170,087161,139156,84799,36338,757083,191133,65120,321
Cash671,960586,408526,398464,887208,910220,627332,902324,957316,407322,167226,806267,629351,142301,833435,554
misc current assets000000000000000
total current assets1,269,9911,224,1501,251,6411,144,282996,848990,6701,126,2091,057,8881,149,5781,119,1561,206,6371,325,944687,905597,894675,749
total assets1,272,8341,234,9651,267,6871,280,0191,236,6181,335,7591,584,0781,637,3791,839,5521,958,3162,213,1022,499,247852,821805,172920,190
Bank overdraft000005,6884,7010443000000
Bank loan74,20097,50686,61491,09760,3960000000000
Trade Creditors 38,68831,22841,24036,00746,90452,83261,73959,29648,9551,104,4891,381,1501,574,54462,16062,80062,821
Group/Directors Accounts000000000000000
other short term finances510,727477,0730000000000000
hp & lease commitments000000000000000
other current liabilities340,634272,980764,179844,776807,099941,1631,135,4911,096,3731,184,463000000
total current liabilities964,249878,787892,033971,880914,399999,6831,201,9311,155,6691,233,8611,104,4891,381,1501,574,54462,16062,80062,821
loans005,24418,97700000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000006,42729,626000000
provisions03053521,2621,550001,4332,0176272,6124,9911,1370420
total long term liabilities03055,59620,2391,550007,86031,6436272,6124,9911,1370420
total liabilities964,249879,092897,629992,119915,949999,6831,201,9311,163,5291,265,5041,105,1161,383,7621,579,53563,29762,80063,241
net assets308,585355,873370,058287,900320,669336,076382,147473,850574,048853,200829,340919,712789,524742,372856,949
total shareholders funds308,585355,873370,058287,900320,669336,076382,147473,850574,048853,200829,340919,712789,524742,372856,949
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-15,098-3,677104,528-27,907-13,606-47,796-93,195-100,986-280,73428,453-91,608167,52858,041-116,4201,188,840
Depreciation4,7815,4197,5449,8475,3593,58013,87715,50819,27427,22826,66322,7241,8941,3911,552
Amortisation3,1913,192113,192110,000110,000110,000110,000104,201150,500150,500150,500150,50040,50040,50040,500
Tax00-19,272000000-5,9650-38,887-14,3220-333,180
Stock000000000000000
Debtors-39,711-87,50145,848-108,54317,895-23,26460,376-100,24036,182-182,842-78,484721,55240,70255,866240,195
Creditors7,460-10,0125,233-10,897-5,928-8,9072,44310,341-1,055,534-276,661-193,3941,512,384-640-2162,821
Accruals and Deferred Income67,654-491,199-80,59737,677-134,064-194,32839,118-88,0901,184,463000000
Deferred Taxes & Provisions-305-47-910-2881,5500-1,433-5841,390-1,985-2,3793,8541,137-420420
Cash flow from operations107,394-408,82383,870226,975-54,584-114,18710,43440,630-16,823104,412-31,7341,096,55145,908-130,836720,758
Investing Activities
capital expenditure0-3,380-1,045-15,814-10,040-800-2,255-9,226-20,588-10,423-10,325-1,181,611-32-4,728-286,493
Change in Investments000000000000000
cash flow from investments0-3,380-1,045-15,814-10,040-800-2,255-9,226-20,588-10,423-10,325-1,181,611-32-4,728-286,493
Financing Activities
Bank loans-23,30610,892-4,48330,70160,3960000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 33,654477,0730000000000000
Long term loans0-5,244-13,73318,97700000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000-6,427-23,19929,626000000
share issue0000000000001,8000200
interest-32,190-10,508-3,098-4,862-1,8011,7251,4927881,5821,3721,2361,5471,6321,8431,089
cash flow from financing-21,842472,213-21,31444,81658,5951,725-4,935-22,41131,2081,3721,2361,5473,4321,8431,289
cash and cash equivalents
cash85,55260,01061,511255,977-11,717-112,2757,9458,550-5,76095,361-40,823-83,51349,309-133,721435,554
overdraft0000-5,6889874,701-443443000000
change in cash85,55260,01061,511255,977-6,029-113,2623,2448,993-6,20395,361-40,823-83,51349,309-133,721435,554

sandersons solicitors 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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Sandersons Solicitors Limited Competitor Analysis

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Perform a competitor analysis for sandersons solicitors limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in HU1 area or any other competitors across 12 key performance metrics.

sandersons solicitors limited Ownership

SANDERSONS SOLICITORS LIMITED group structure

Sandersons Solicitors Limited has no subsidiary companies.

Ultimate parent company

SANDERSONS SOLICITORS LIMITED

04937156

SANDERSONS SOLICITORS LIMITED Shareholders

david mark roberts 37.5%
paul christopher grimwood 37.5%
james ashton 25%

sandersons solicitors limited directors

Sandersons Solicitors Limited currently has 3 directors. The longest serving directors include Mr Paul Grimwood (Oct 2003) and Mr David Roberts (Oct 2003).

officercountryagestartendrole
Mr Paul GrimwoodEngland61 years Oct 2003- Director
Mr David Roberts60 years Oct 2003- Director
Mr James Ashton52 years May 2012- Director

P&L

April 2024

turnover

2m

0%

operating profit

-15.1k

0%

gross margin

63.8%

-4.99%

turnover

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

Balance Sheet

April 2024

net assets

308.6k

-0.13%

total assets

1.3m

+0.03%

cash

672k

+0.15%

net assets

Total assets minus all liabilities

sandersons solicitors limited company details

company number

04937156

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

October 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

sandersons solicitors tax and private wealth management services limited (April 2012)

accountant

-

auditor

-

address

17-19 parliament street, hull, east yorkshire, HU1 2BH

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

sandersons solicitors 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 2 charges/mortgages relating to sandersons solicitors limited. Currently there are 1 open charges and 1 have been satisfied in the past.

sandersons solicitors 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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sandersons solicitors limited Companies House Filings - See Documents

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