optima legal services limited
optima legal services limited Company Information
Company Number
05781608
Next Accounts
Mar 2025
Shareholders
digcom uk holdings ltd
Group Structure
View All
Industry
Solicitors
Registered Address
suite 5a west village, 114 wellington street, leeds, west yorkshire, LS1 1BA
Website
www.optimalegal.co.ukoptima legal services limited Estimated Valuation
Pomanda estimates the enterprise value of OPTIMA LEGAL SERVICES LIMITED at £5.1m based on a Turnover of £13.7m and 0.37x industry multiple (adjusted for size and gross margin).
optima legal services limited Estimated Valuation
Pomanda estimates the enterprise value of OPTIMA LEGAL SERVICES LIMITED at £0 based on an EBITDA of £-4.8m and a 2.28x industry multiple (adjusted for size and gross margin).
optima legal services limited Estimated Valuation
Pomanda estimates the enterprise value of OPTIMA LEGAL SERVICES LIMITED at £0 based on Net Assets of £-2.9m and 1.74x industry multiple (adjusted for liquidity).
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Optima Legal Services Limited Overview
Optima Legal Services Limited is a live company located in leeds, LS1 1BA with a Companies House number of 05781608. It operates in the solicitors sector, SIC Code 69102. Founded in April 2006, it's largest shareholder is digcom uk holdings ltd with a 100% stake. Optima Legal Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.7m with healthy growth in recent years.
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Optima Legal Services Limited Health Check
Pomanda's financial health check has awarded Optima Legal Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £13.7m, make it larger than the average company (£1.3m)
£13.7m - Optima Legal Services Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (6.1%)
12% - Optima Legal Services Limited
6.1% - Industry AVG
Production
with a gross margin of -1.9%, this company has a higher cost of product (69.9%)
-1.9% - Optima Legal Services Limited
69.9% - Industry AVG
Profitability
an operating margin of -34.9% make it less profitable than the average company (8%)
-34.9% - Optima Legal Services Limited
8% - Industry AVG
Employees
with 335 employees, this is above the industry average (15)
335 - Optima Legal Services Limited
15 - Industry AVG
Pay Structure
on an average salary of £42.3k, the company has an equivalent pay structure (£39.2k)
£42.3k - Optima Legal Services Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £40.8k, this is less efficient (£71.5k)
£40.8k - Optima Legal Services Limited
£71.5k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (69 days)
8 days - Optima Legal Services Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (31 days)
8 days - Optima Legal Services Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Optima Legal Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (23 weeks)
2 weeks - Optima Legal Services Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 286.6%, this is a higher level of debt than the average (52.9%)
286.6% - Optima Legal Services Limited
52.9% - Industry AVG
OPTIMA LEGAL SERVICES LIMITED financials
Optima Legal Services Limited's latest turnover from June 2023 is £13.7 million and the company has net assets of -£2.9 million. According to their latest financial statements, Optima Legal Services Limited has 335 employees and maintains cash reserves of £218 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | 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 | 13,676,000 | 10,334,000 | 9,853,000 | 13,915,000 | 14,357,000 | 11,668,000 | 11,123,000 | 10,361,000 | 10,653,000 | 19,085,000 | 20,585,000 | 22,853,000 | 23,125,000 | 28,440,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 13,935,000 | 7,398,000 | 6,568,000 | 6,915,000 | 7,360,000 | 5,090,000 | 5,046,000 | 5,268,000 | 11,239,000 | 19,259,000 | 20,270,000 | 21,706,000 | 22,473,000 | 26,372,000 |
| Gross Profit | -259,000 | 2,936,000 | 3,285,000 | 7,000,000 | 6,997,000 | 6,578,000 | 6,077,000 | 5,093,000 | -586,000 | -174,000 | 315,000 | 1,147,000 | 652,000 | 2,068,000 |
| Admin Expenses | 4,520,000 | 2,965,000 | 5,197,000 | 5,149,000 | 5,292,000 | 4,527,000 | 4,664,000 | 4,355,000 | 2,741,000 | 721,000 | 11,307,000 | 1,421,000 | 1,451,000 | 1,455,000 |
| Operating Profit | -4,779,000 | -29,000 | -1,912,000 | 1,851,000 | 1,705,000 | 2,051,000 | 1,413,000 | 738,000 | -3,327,000 | -895,000 | -10,992,000 | -274,000 | -799,000 | 613,000 |
| Interest Payable | 378,000 | 1,078,000 | 1,087,000 | 1,833,000 | 1,727,000 | 2,134,000 | ||||||||
| Interest Receivable | 1,685,000 | 4,000 | 20,000 | 2,000 | 7,000 | 17,000 | ||||||||
| Pre-Tax Profit | -3,094,000 | -25,000 | -1,892,000 | 3,684,000 | 1,705,000 | 2,051,000 | 1,413,000 | 738,000 | -10,470,000 | -1,973,000 | -12,079,000 | -2,105,000 | -2,520,000 | -1,504,000 |
| Tax | -4,370,000 | 829,000 | 756,000 | -338,000 | 1,925,000 | 472,000 | -7,000 | -285,000 | -580,000 | 15,000 | ||||
| Profit After Tax | -7,464,000 | 804,000 | -1,136,000 | 3,346,000 | 3,630,000 | 2,523,000 | 1,406,000 | 453,000 | -11,050,000 | -1,973,000 | -12,079,000 | -2,105,000 | -2,505,000 | -1,504,000 |
| Dividends Paid | 7,599,000 | |||||||||||||
| Retained Profit | -15,063,000 | 804,000 | -1,136,000 | 3,346,000 | 3,630,000 | 2,523,000 | 1,406,000 | 453,000 | -11,050,000 | -1,973,000 | -12,079,000 | -2,105,000 | -2,505,000 | -1,504,000 |
| Employee Costs | 14,167,000 | 8,006,000 | 8,309,000 | 8,178,000 | 8,672,000 | 6,544,000 | 6,445,000 | 6,952,000 | 8,522,000 | 12,295,000 | 12,830,000 | 13,273,000 | 14,297,000 | 11,214,000 |
| Number Of Employees | 335 | 278 | 314 | 311 | 338 | 260 | 257 | 295 | 344 | 463 | 533 | 541 | 575 | 535 |
| EBITDA* | -4,751,000 | -1,000 | -1,858,000 | 1,915,000 | 1,770,000 | 2,127,000 | 1,490,000 | 813,000 | -3,252,000 | 125,000 | -9,240,000 | 1,557,000 | 1,051,000 | 2,127,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | 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 | 441,000 | 8,740,000 | 7,455,000 | 7,363,000 | 3,928,000 | 1,992,000 | 1,467,000 | 161,000 | 239,000 | 163,000 | 304,000 | 323,000 | 488,000 | 35,000 |
| Intangible Assets | 19,000 | 33,000 | 7,000 | 15,000 | 17,000 | 24,000 | 36,000 | 232,000 | 10,821,000 | 11,660,000 | 23,073,000 | 24,582,000 | 26,091,000 | |
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 4,370,000 | 3,716,000 | 3,647,000 | |||||||||||
| Total Fixed Assets | 460,000 | 4,403,000 | 3,746,000 | 3,731,000 | 3,945,000 | 2,016,000 | 1,503,000 | 393,000 | 239,000 | 10,984,000 | 11,964,000 | 23,396,000 | 25,070,000 | 26,126,000 |
| Stock & work in progress | 389,000 | 312,000 | 294,000 | 313,000 | 429,000 | |||||||||
| Trade Debtors | 307,000 | 1,632,000 | 1,713,000 | 1,066,000 | 1,104,000 | 838,000 | 1,181,000 | 1,240,000 | 1,463,000 | 3,371,000 | 3,688,000 | 4,166,000 | 4,277,000 | 5,478,000 |
| Group Debtors | 7,219,000 | 7,166,000 | 9,056,000 | 5,565,000 | 4,790,000 | 3,142,000 | 4,400,000 | 4,516,000 | ||||||
| Misc Debtors | 572,000 | 235,000 | 253,000 | 1,116,000 | 928,000 | 792,000 | 596,000 | 2,055,000 | 2,113,000 | 842,000 | 1,138,000 | 921,000 | 923,000 | 790,000 |
| Cash | 218,000 | 227,000 | 150,000 | 308,000 | 1,361,000 | 437,000 | 331,000 | 174,000 | 781,000 | 1,431,000 | 1,475,000 | 1,621,000 | 2,040,000 | 4,113,000 |
| misc current assets | ||||||||||||||
| total current assets | 1,097,000 | 9,897,000 | 9,691,000 | 11,546,000 | 8,958,000 | 6,857,000 | 5,250,000 | 7,869,000 | 8,873,000 | 6,033,000 | 6,613,000 | 7,002,000 | 7,553,000 | 10,810,000 |
| total assets | 1,557,000 | 14,300,000 | 13,437,000 | 15,277,000 | 12,903,000 | 8,873,000 | 6,753,000 | 8,262,000 | 9,112,000 | 17,017,000 | 18,577,000 | 30,398,000 | 32,623,000 | 36,936,000 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 336,000 | 141,000 | 102,000 | 322,000 | 497,000 | 402,000 | 279,000 | 473,000 | 341,000 | 1,318,000 | 1,575,000 | 1,172,000 | 956,000 | 1,611,000 |
| Group/Directors Accounts | 3,498,000 | 1,457,000 | 1,480,000 | 250,000 | 1,000,000 | 500,000 | ||||||||
| other short term finances | 500,000 | 250,000 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 629,000 | 1,367,000 | 1,347,000 | 1,831,000 | 2,027,000 | 1,858,000 | 1,837,000 | 3,877,000 | 5,289,000 | 2,723,000 | 1,803,000 | 1,698,000 | 2,034,000 | 3,602,000 |
| total current liabilities | 4,463,000 | 1,508,000 | 1,449,000 | 2,153,000 | 2,524,000 | 2,260,000 | 2,116,000 | 5,807,000 | 7,110,000 | 4,541,000 | 3,628,000 | 3,120,000 | 3,990,000 | 5,713,000 |
| loans | 35,245,000 | 35,745,000 | 35,995,000 | 35,245,000 | 35,330,000 | |||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 1,202,000 | 930,000 | 2,024,000 | 236,000 | 236,000 | |||||||||
| total long term liabilities | 601,000 | 465,000 | 1,012,000 | 236,000 | 236,000 | 35,245,000 | 35,745,000 | 35,995,000 | 35,245,000 | 35,330,000 | ||||
| total liabilities | 4,463,000 | 1,508,000 | 1,449,000 | 2,153,000 | 3,125,000 | 2,725,000 | 3,128,000 | 6,043,000 | 7,346,000 | 39,786,000 | 39,373,000 | 39,115,000 | 39,235,000 | 41,043,000 |
| net assets | -2,906,000 | 12,792,000 | 11,988,000 | 13,124,000 | 9,778,000 | 6,148,000 | 3,625,000 | 2,219,000 | 1,766,000 | -22,769,000 | -20,796,000 | -8,717,000 | -6,612,000 | -4,107,000 |
| total shareholders funds | -2,906,000 | 12,792,000 | 11,988,000 | 13,124,000 | 9,778,000 | 6,148,000 | 3,625,000 | 2,219,000 | 1,766,000 | -22,769,000 | -20,796,000 | -8,717,000 | -6,612,000 | -4,107,000 |
| Jun 2023 | 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 | -4,779,000 | -29,000 | -1,912,000 | 1,851,000 | 1,705,000 | 2,051,000 | 1,413,000 | 738,000 | -3,327,000 | -895,000 | -10,992,000 | -274,000 | -799,000 | 613,000 |
| Depreciation | 7,000 | 23,000 | 46,000 | 56,000 | 58,000 | 50,000 | 66,000 | 66,000 | 75,000 | 181,000 | 239,000 | 322,000 | 341,000 | 8,000 |
| Amortisation | 21,000 | 5,000 | 8,000 | 8,000 | 7,000 | 26,000 | 11,000 | 9,000 | 839,000 | 1,513,000 | 1,509,000 | 1,509,000 | 1,506,000 | |
| Tax | -4,370,000 | 829,000 | 756,000 | -338,000 | 1,925,000 | 472,000 | -7,000 | -285,000 | -580,000 | 15,000 | ||||
| Stock | -389,000 | 77,000 | 18,000 | -19,000 | -116,000 | 429,000 | ||||||||
| Debtors | 879,000 | 608,000 | -2,037,000 | 7,288,000 | 1,177,000 | 1,501,000 | -2,776,000 | -397,000 | 3,879,000 | -613,000 | -261,000 | -113,000 | -1,068,000 | 6,268,000 |
| Creditors | 336,000 | 39,000 | -220,000 | -175,000 | 95,000 | 123,000 | -194,000 | 132,000 | -977,000 | -257,000 | 403,000 | 216,000 | -655,000 | 1,611,000 |
| Accruals and Deferred Income | 629,000 | 20,000 | -484,000 | -196,000 | 169,000 | 21,000 | -2,040,000 | -1,412,000 | 2,566,000 | 920,000 | 105,000 | -336,000 | -1,568,000 | 3,602,000 |
| Deferred Taxes & Provisions | -1,202,000 | 272,000 | -1,094,000 | 1,788,000 | 236,000 | |||||||||
| Cash flow from operations | -9,035,000 | 279,000 | 231,000 | -7,284,000 | 3,054,000 | 148,000 | 3,813,000 | -355,000 | -5,497,000 | 1,324,000 | -8,489,000 | 1,569,000 | 27,000 | 643,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -40,000 | -226,000 | -157,000 | -795,000 | -43,000 | |||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -40,000 | -226,000 | -157,000 | -795,000 | -43,000 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 3,498,000 | -1,457,000 | -23,000 | 1,480,000 | -250,000 | -750,000 | 500,000 | 500,000 | ||||||
| Other Short Term Loans | -500,000 | 250,000 | 250,000 | |||||||||||
| Long term loans | -35,245,000 | -500,000 | -250,000 | 750,000 | -85,000 | 35,330,000 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 1,685,000 | 4,000 | 20,000 | -378,000 | -1,078,000 | -1,087,000 | -1,831,000 | -1,720,000 | -2,117,000 | |||||
| cash flow from financing | 17,340,000 | 4,000 | 20,000 | -1,457,000 | -23,000 | 942,000 | -1,328,000 | -1,337,000 | -1,831,000 | -1,305,000 | 31,110,000 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 218,000 | 77,000 | -158,000 | -1,053,000 | 924,000 | 106,000 | 157,000 | -607,000 | -650,000 | -44,000 | -146,000 | -419,000 | -2,073,000 | 4,113,000 |
| overdraft | ||||||||||||||
| change in cash | 218,000 | 77,000 | -158,000 | -1,053,000 | 924,000 | 106,000 | 157,000 | -607,000 | -650,000 | -44,000 | -146,000 | -419,000 | -2,073,000 | 4,113,000 |
optima legal services limited Credit Report and Business Information
Optima Legal Services Limited Competitor Analysis
Perform a competitor analysis for optima legal services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in LS1 area or any other competitors across 12 key performance metrics.
optima legal services limited Ownership
OPTIMA LEGAL SERVICES LIMITED group structure
Optima Legal Services Limited has 1 subsidiary company.
Ultimate parent company
PEXA INTERNATIONAL PTY LTD
#0172262
2 parents
OPTIMA LEGAL SERVICES LIMITED
05781608
1 subsidiary
optima legal services limited directors
Optima Legal Services Limited currently has 5 directors. The longest serving directors include Mr Scott Butterworth (May 2023) and Mr Simon Wright (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Butterworth | United Kingdom | 55 years | May 2023 | - | Director |
| Mr Simon Wright | United Kingdom | 53 years | Mar 2024 | - | Director |
| Mr Joseph Pepper | United Kingdom | 50 years | Mar 2024 | - | Director |
| Mr Paul Saunders | United Kingdom | 61 years | Nov 2024 | - | Director |
| Ms Joanne Chapman | United Kingdom | 44 years | Nov 2024 | - | Director |
P&L
June 2023turnover
13.7m
0%
operating profit
-4.8m
0%
gross margin
-1.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-2.9m
0%
total assets
1.6m
0%
cash
218k
0%
net assets
Total assets minus all liabilities
optima legal services limited company details
company number
05781608
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
April 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
pimco 2470 limited (May 2006)
accountant
-
auditor
ERNST & YOUNG LLP
address
suite 5a west village, 114 wellington street, leeds, west yorkshire, LS1 1BA
Bank
BARCLAYS BANK PLC
Legal Advisor
-
optima 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 did not find charges/mortgages relating to optima legal services limited.
optima 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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optima legal services limited Companies House Filings - See Documents
| date | description | view/download |
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