legal & general partnership services limited
legal & general partnership services limited Company Information
Company Number
05045000
Website
www.legalandgeneral.comRegistered Address
one coleman street, london, EC2R 5AA
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02031242000
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
legal & general partnership holdings ltd 100%
legal & general partnership services limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED at £29.1m based on a Turnover of £12.4m and 2.35x industry multiple (adjusted for size and gross margin).
legal & general partnership services limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED at £0 based on an EBITDA of £-2.2m and a 9.08x industry multiple (adjusted for size and gross margin).
legal & general partnership services limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED at £32.4m based on Net Assets of £16.2m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Legal & General Partnership Services Limited Overview
Legal & General Partnership Services Limited is a live company located in london, EC2R 5AA with a Companies House number of 05045000. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 2004, it's largest shareholder is legal & general partnership holdings ltd with a 100% stake. Legal & General Partnership Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.4m with low growth in recent years.
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Legal & General Partnership Services Limited Health Check
Pomanda's financial health check has awarded Legal & General Partnership Services Limited a 3 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
4 Strong
2 Regular
4 Weak
Size
annual sales of £12.4m, make it larger than the average company (£5.5m)
£12.4m - Legal & General Partnership Services Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5%)
3% - Legal & General Partnership Services Limited
5% - Industry AVG
Production
with a gross margin of 97.4%, this company has a lower cost of product (59%)
97.4% - Legal & General Partnership Services Limited
59% - Industry AVG
Profitability
an operating margin of -18.1% make it less profitable than the average company (9.1%)
-18.1% - Legal & General Partnership Services Limited
9.1% - Industry AVG
Employees
with 53 employees, this is above the industry average (16)
- Legal & General Partnership Services Limited
16 - Industry AVG
Pay Structure
on an average salary of £84.1k, the company has an equivalent pay structure (£84.1k)
- Legal & General Partnership Services Limited
£84.1k - Industry AVG
Efficiency
resulting in sales per employee of £233.7k, this is equally as efficient (£234.4k)
- Legal & General Partnership Services Limited
£234.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Legal & General Partnership Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 43248 days, this is slower than average (34 days)
43248 days - Legal & General Partnership Services Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Legal & General Partnership Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (36 weeks)
0 weeks - Legal & General Partnership Services Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.1%, this is a higher level of debt than the average (58.5%)
76.1% - Legal & General Partnership Services Limited
58.5% - Industry AVG
LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED financials
Legal & General Partnership Services Limited's latest turnover from December 2023 is £12.4 million and the company has net assets of £16.2 million. According to their latest financial statements, we estimate that Legal & General Partnership Services Limited has 53 employees and maintains cash reserves of £619 thousand 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 | 12,387,000 | 13,686,000 | 13,230,000 | 11,430,000 | 12,443,000 | 12,482,000 | 31,148,051 | 113,657,038 | 122,220,305 | 107,905,840 | 90,365,646 | 78,682,399 | 72,174,302 | 57,143,914 | 55,608,293 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 328,000 | 380,000 | 420,000 | 390,000 | 403,000 | -69,000 | 15,580,736 | 93,410,076 | 100,853,534 | 87,897,565 | 73,796,918 | 64,420,786 | 59,306,787 | 48,483,359 | 48,888,939 |
| Gross Profit | 12,059,000 | 13,306,000 | 12,810,000 | 11,040,000 | 12,040,000 | 12,551,000 | 15,567,315 | 20,246,962 | 21,366,771 | 20,008,275 | 16,568,728 | 14,261,613 | 12,867,515 | 8,660,555 | 6,719,354 |
| Admin Expenses | 14,301,000 | 12,079,000 | 12,561,000 | 10,886,000 | 9,196,000 | 11,311,000 | 9,876,518 | 16,853,560 | 16,147,430 | 12,640,970 | 11,676,380 | 9,574,810 | 11,079,187 | 8,311,166 | 8,806,715 |
| Operating Profit | -2,242,000 | 1,227,000 | 249,000 | 154,000 | 2,844,000 | 1,240,000 | 5,690,797 | 3,393,402 | 5,219,341 | 7,367,305 | 4,892,348 | 4,686,803 | 1,788,328 | 349,389 | -2,087,361 |
| Interest Payable | 697,000 | 224,000 | 78,000 | 90,000 | 67,000 | 73,000 | 56,484 | 130,279 | 108,160 | 102,422 | 74,747 | 426,947 | 513,120 | 495,934 | 490,122 |
| Interest Receivable | 110,000 | 7,000 | 7,000 | 18,000 | 133,000 | 99,000 | 31,171 | 52,881 | 44,214 | 61,990 | 39,300 | 37,072 | 22,987 | 17,734 | 25,307 |
| Pre-Tax Profit | -2,829,000 | 1,010,000 | 178,000 | 82,000 | 2,910,000 | 1,266,000 | 5,665,484 | 3,316,004 | 5,155,395 | 7,326,873 | 4,856,901 | 4,296,928 | 1,298,195 | -128,811 | -2,552,176 |
| Tax | 665,000 | -190,000 | -32,000 | -28,000 | -594,000 | -237,000 | -1,073,963 | -673,996 | -1,088,897 | -1,575,100 | -1,149,597 | -1,127,017 | -395,742 | 24,568 | 738,442 |
| Profit After Tax | -2,164,000 | 820,000 | 146,000 | 54,000 | 2,316,000 | 1,029,000 | 4,591,521 | 2,642,008 | 4,066,498 | 5,751,773 | 3,707,304 | 3,169,911 | 902,453 | -104,243 | -1,813,734 |
| Dividends Paid | 0 | 0 | 0 | 5,000,000 | 10,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,164,000 | 820,000 | 146,000 | -4,946,000 | -7,684,000 | 1,029,000 | 4,591,521 | 2,642,008 | 4,066,498 | 5,751,773 | 3,707,304 | 3,169,911 | 902,453 | -104,243 | -1,813,734 |
| Employee Costs | 0 | 0 | 0 | ||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | -2,242,000 | 1,227,000 | 249,000 | 154,000 | 2,844,000 | 1,240,000 | 5,690,797 | 3,393,402 | 5,219,341 | 7,367,305 | 4,892,348 | 4,686,803 | 1,788,328 | 349,389 | -2,087,361 |
* 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 | 0 | 0 | 6,000 | 0 | 16,000 | 78,000 | 223,552 | 349,451 | 439,106 | 372,671 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3,024,000 | 2,306,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 6,000 | 0 | 8,000 | 9,000 | 30,358 | 57,280 | 72,226 | 903 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,028,000 | 2,311,000 | 6,000 | 0 | 8,000 | 78,000 | 223,552 | 349,451 | 439,106 | 372,671 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 63,028,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 34,705,000 | 37,521,000 | 34,473,000 | 37,850,000 | 42,739,000 | 0 | 45,940,802 | 57,950,814 | 50,747,808 | 38,542,487 | 16,026,652 | 12,787,040 | 8,889,948 | 4,062,014 | 4,087,326 |
| Misc Debtors | 29,201,000 | 27,322,000 | 24,716,000 | 21,291,000 | 18,987,000 | 0 | 14,868,268 | 21,686 | 19,231 | 18,450 | 603,789 | 753,669 | 608,069 | 734,872 | 1,068,349 |
| Cash | 619,000 | 404,000 | 630,000 | 1,072,000 | 394,000 | 346,000 | 318,723 | 291,850 | 1,823,653 | 1,911,410 | 1,307,372 | 719,606 | 586,624 | 377,841 | 307,722 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 10,268 | 18,206 | 17,445 | 16,738 | 11,119 | 0 | 0 | 40,000 | 0 |
| total current assets | 64,525,000 | 65,247,000 | 59,819,000 | 60,213,000 | 62,120,000 | 63,374,000 | 61,138,061 | 58,282,556 | 52,608,137 | 40,489,085 | 17,948,932 | 14,260,315 | 10,084,641 | 5,214,727 | 5,463,397 |
| total assets | 67,553,000 | 67,558,000 | 59,825,000 | 60,213,000 | 62,128,000 | 63,452,000 | 61,361,613 | 58,632,007 | 53,047,243 | 40,861,756 | 17,948,932 | 14,260,315 | 10,084,641 | 5,214,727 | 5,463,397 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 38,864,000 | 43,554,000 | 40,380,000 | 39,122,000 | 35,954,000 | 30,064,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 5,072,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,945,062 | 2,127,249 | 3,295,410 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 121,000 | 555,000 | 1,801,000 | 2,648,000 | 3,283,000 | 423,000 | 32,800,711 | 30,872,958 | 27,389,293 | 20,401,614 | 2,831,284 | 3,593,784 | 1,536,861 | 1,064,810 | 1,209,237 |
| total current liabilities | 38,985,000 | 49,181,000 | 42,181,000 | 41,770,000 | 39,237,000 | 30,487,000 | 32,800,711 | 30,872,958 | 27,389,293 | 20,401,614 | 5,776,346 | 5,721,033 | 4,832,271 | 1,064,810 | 1,209,237 |
| loans | 12,352,000 | 0 | 0 | 0 | 0 | 0 | 0 | 3,382,285 | 3,803,121 | 2,619,783 | 0 | 0 | 8,000,000 | 8,000,000 | 8,000,000 |
| hp & lease commitments | 0 | 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 | 543,000 | 617,000 | 500,000 | 300,000 | 300,000 |
| other liabilities | 63,000 | 60,000 | 58,000 | 90,000 | 97,000 | 68,000 | 142,889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 178,000 | 2,004,000 | 2,062,000 | 6,900,000 | 0 | 573,798 | 813,944 | 918,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 12,415,000 | 60,000 | 147,000 | 1,092,000 | 1,128,000 | 3,518,000 | 142,889 | 3,669,184 | 4,210,093 | 3,078,783 | 543,000 | 617,000 | 8,500,000 | 8,300,000 | 8,300,000 |
| total liabilities | 51,400,000 | 49,241,000 | 42,328,000 | 42,862,000 | 40,365,000 | 34,005,000 | 32,943,600 | 34,542,142 | 31,599,386 | 23,480,397 | 6,319,346 | 6,338,033 | 13,332,271 | 9,364,810 | 9,509,237 |
| net assets | 16,153,000 | 18,317,000 | 17,497,000 | 17,351,000 | 21,763,000 | 29,447,000 | 28,418,013 | 24,089,865 | 21,447,857 | 17,381,359 | 11,629,586 | 7,922,282 | -3,247,630 | -4,150,083 | -4,045,840 |
| total shareholders funds | 16,153,000 | 18,317,000 | 17,497,000 | 17,351,000 | 21,763,000 | 29,447,000 | 28,418,013 | 24,089,865 | 21,447,857 | 17,381,359 | 11,629,586 | 7,922,282 | -3,247,630 | -4,150,083 | -4,045,840 |
| 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 | -2,242,000 | 1,227,000 | 249,000 | 154,000 | 2,844,000 | 1,240,000 | 5,690,797 | 3,393,402 | 5,219,341 | 7,367,305 | 4,892,348 | 4,686,803 | 1,788,328 | 349,389 | -2,087,361 |
| Depreciation | 0 | 0 | 0 | 0 | 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 | |
| Tax | 665,000 | -190,000 | -32,000 | -28,000 | -594,000 | -237,000 | -1,073,963 | -673,996 | -1,088,897 | -1,575,100 | -1,149,597 | -1,127,017 | -395,742 | 24,568 | 738,442 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -937,000 | 5,648,000 | 54,000 | -2,593,000 | -1,303,000 | 2,197,572 | 2,809,648 | 7,190,515 | 12,277,425 | 21,931,399 | 3,089,732 | 4,042,692 | 4,701,131 | -358,789 | 5,155,675 |
| Creditors | -4,690,000 | 3,174,000 | 1,258,000 | 3,168,000 | 5,890,000 | 30,064,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -434,000 | -1,246,000 | -847,000 | -635,000 | 2,860,000 | -32,377,711 | 1,927,753 | 3,483,665 | 6,987,679 | 17,027,330 | -836,500 | 2,173,923 | 672,051 | -144,427 | 1,509,237 |
| Deferred Taxes & Provisions | 0 | -178,000 | -1,826,000 | -58,000 | -4,838,000 | 6,900,000 | -573,798 | -240,146 | -104,056 | 918,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -5,764,000 | -2,861,000 | -1,252,000 | 5,194,000 | 7,465,000 | 3,391,717 | 3,161,141 | -1,227,590 | -1,263,358 | -183,481 | 1,691,017 | -2,636,494 | 588,319 | -4,995,357 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1,000 | 5,000 | 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 | 0 |
| Group/Directors Accounts | -5,072,000 | 5,072,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,945,062 | 817,813 | -1,168,161 | 3,295,410 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 12,352,000 | 0 | 0 | 0 | 0 | 0 | -3,382,285 | -420,836 | 1,183,338 | 2,619,783 | 0 | -8,000,000 | 0 | 0 | 8,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 3,000 | 2,000 | -32,000 | -7,000 | 29,000 | -74,889 | 142,889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -587,000 | -217,000 | -71,000 | -72,000 | 66,000 | 26,000 | -25,313 | -77,398 | -63,946 | -40,432 | -35,447 | -389,875 | -490,133 | -478,200 | -464,815 |
| cash flow from financing | 6,696,000 | 4,857,000 | -103,000 | 455,000 | 95,000 | -48,902 | -3,528,082 | -498,234 | 1,119,392 | -365,711 | 782,366 | -1,558,035 | 2,805,277 | -478,200 | 5,303,079 |
| cash and cash equivalents | |||||||||||||||
| cash | 215,000 | -226,000 | -442,000 | 678,000 | 48,000 | 27,277 | 26,873 | -1,531,803 | -87,757 | 604,038 | 587,766 | 132,982 | 208,783 | 70,119 | 307,722 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 215,000 | -226,000 | -442,000 | 678,000 | 48,000 | 27,277 | 26,873 | -1,531,803 | -87,757 | 604,038 | 587,766 | 132,982 | 208,783 | 70,119 | 307,722 |
legal & general partnership services limited Credit Report and Business Information
Legal & General Partnership Services Limited Competitor Analysis
Perform a competitor analysis for legal & general partnership services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2R area or any other competitors across 12 key performance metrics.
legal & general partnership services limited Ownership
LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED group structure
Legal & General Partnership Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED
05045000
legal & general partnership services limited directors
Legal & General Partnership Services Limited currently has 3 directors. The longest serving directors include Mr Marco Groot-Wassink (Aug 2017) and Mr Kevin Roberts (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marco Groot-Wassink | 47 years | Aug 2017 | - | Director | |
| Mr Kevin Roberts | 53 years | Mar 2018 | - | Director | |
| Mrs Alison Crossley | 61 years | Jul 2019 | - | Director |
P&L
December 2023turnover
12.4m
-9%
operating profit
-2.2m
-283%
gross margin
97.4%
+0.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
16.2m
-0.12%
total assets
67.6m
0%
cash
619k
+0.53%
net assets
Total assets minus all liabilities
legal & general partnership services limited company details
company number
05045000
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 2004
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
one coleman street, london, EC2R 5AA
Bank
-
Legal Advisor
-
legal & general partnership 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 did not find charges/mortgages relating to legal & general partnership services limited.
legal & general partnership services limited Companies House Filings - See Documents
| date | description | view/download |
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