latitude law limited
latitude law limited Company Information
Company Number
06411962
Next Accounts
Sep 2025
Industry
Solicitors
Directors
Shareholders
gary mcindoe
rebecca marie mcindoe
View AllGroup Structure
View All
Contact
Registered Address
st james' building 6th floor, oxford street, manchester, M1 6FQ
Website
www.latitudelaw.comlatitude law limited Estimated Valuation
Pomanda estimates the enterprise value of LATITUDE LAW LIMITED at £768.4k based on a Turnover of £1.3m and 0.61x industry multiple (adjusted for size and gross margin).
latitude law limited Estimated Valuation
Pomanda estimates the enterprise value of LATITUDE LAW LIMITED at £111.9k based on an EBITDA of £33.7k and a 3.32x industry multiple (adjusted for size and gross margin).
latitude law limited Estimated Valuation
Pomanda estimates the enterprise value of LATITUDE LAW LIMITED at £321.9k based on Net Assets of £206.7k and 1.56x industry multiple (adjusted for liquidity).
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Latitude Law Limited Overview
Latitude Law Limited is a live company located in manchester, M1 6FQ with a Companies House number of 06411962. It operates in the solicitors sector, SIC Code 69102. Founded in October 2007, it's largest shareholder is gary mcindoe with a 85% stake. Latitude Law Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.
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Latitude Law Limited Health Check
Pomanda's financial health check has awarded Latitude Law Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £1.3m, make it in line with the average company (£1.4m)
- Latitude Law Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (7.1%)
- Latitude Law Limited
7.1% - Industry AVG
Production
with a gross margin of 70.4%, this company has a comparable cost of product (70.4%)
- Latitude Law Limited
70.4% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (9.1%)
- Latitude Law Limited
9.1% - Industry AVG
Employees
with 22 employees, this is above the industry average (17)
22 - Latitude Law Limited
17 - Industry AVG
Pay Structure
on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)
- Latitude Law Limited
£40.3k - Industry AVG
Efficiency
resulting in sales per employee of £57.3k, this is less efficient (£77.9k)
- Latitude Law Limited
£77.9k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (65 days)
- Latitude Law Limited
65 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Latitude Law Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 85 days, this is less than average (203 days)
- Latitude Law Limited
203 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (20 weeks)
24 weeks - Latitude Law Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.5%, this is a higher level of debt than the average (53.2%)
60.5% - Latitude Law Limited
53.2% - Industry AVG
LATITUDE LAW LIMITED financials
Latitude Law Limited's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of £206.7 thousand. According to their latest financial statements, Latitude Law Limited has 22 employees and maintains cash reserves of £139.3 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 | 986,379 | 786,292 | 683,586 | 537,931 | 390,528 | 315,925 | 290,195 | 244,099 | 206,160 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 366,474 | 303,687 | 214,691 | 168,436 | 121,887 | 115,731 | 132,819 | 89,483 | 93,408 | ||||||
| Gross Profit | 619,905 | 482,605 | 468,895 | 369,495 | 268,641 | 200,194 | 157,376 | 154,616 | 112,752 | ||||||
| Admin Expenses | 461,754 | 366,367 | 337,976 | 290,957 | 173,837 | 175,357 | 135,375 | 124,996 | 102,719 | ||||||
| Operating Profit | 158,151 | 116,238 | 130,919 | 78,538 | 94,804 | 24,837 | 22,001 | 29,620 | 10,033 | ||||||
| Interest Payable | 0 | 865 | 2,824 | 3,433 | 453 | 376 | 156 | 642 | 1,162 | ||||||
| Interest Receivable | 278 | 48 | 79 | 8 | 14 | 242 | 9 | 7 | 17 | ||||||
| Pre-Tax Profit | 158,429 | 115,421 | 128,174 | 75,113 | 94,365 | 24,703 | 21,854 | 28,985 | 8,888 | ||||||
| Tax | -35,439 | -24,517 | -27,633 | -15,587 | -18,968 | -4,961 | -4,447 | -6,130 | -1,929 | ||||||
| Profit After Tax | 122,990 | 90,904 | 100,541 | 59,526 | 75,397 | 19,742 | 17,407 | 22,855 | 6,959 | ||||||
| Dividends Paid | 60,000 | 110,000 | 0 | 0 | 39,800 | 23,200 | 3,000 | 2,500 | 0 | ||||||
| Retained Profit | 62,990 | -19,096 | 100,541 | 59,526 | 35,597 | -3,458 | 14,407 | 20,355 | 6,959 | ||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 22 | 20 | 16 | 16 | 17 | 15 | 14 | 14 | 14 | ||||||
| EBITDA* | 173,372 | 131,459 | 144,084 | 90,506 | 99,001 | 30,568 | 27,257 | 38,855 | 17,529 |
* 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 | 24,003 | 55,824 | 84,691 | 114,253 | 138,431 | 15,826 | 35,570 | 38,989 | 47,384 | 53,861 | 5,907 | 6,313 | 11,385 | 10,304 | 11,966 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 45 | 45 | 45 | 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 | 0 |
| Total Fixed Assets | 24,048 | 55,869 | 84,736 | 114,253 | 138,431 | 15,826 | 35,570 | 38,989 | 47,384 | 53,861 | 5,907 | 6,313 | 11,385 | 10,304 | 11,966 |
| Stock & work in progress | 87,652 | 61,821 | 47,688 | 37,574 | 35,117 | 39,675 | 29,250 | 20,242 | 14,242 | 9,242 | 4,177 | 9,411 | 18,628 | 10,031 | 5,966 |
| Trade Debtors | 113,608 | 52,192 | 29,810 | 28,062 | 23,013 | 15,294 | 16,123 | 46,426 | 103,859 | 99,033 | 108,863 | 72,558 | 53,976 | 58,214 | 34,714 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 158,322 | 149,865 | 59,160 | 26,760 | 26,529 | 25,428 | 19,547 | 13,478 | 3,490 | 0 | 3,700 | 4,503 | 1,860 | 3,529 | 4,260 |
| Cash | 139,259 | 203,026 | 290,203 | 183,409 | 98,561 | 193,450 | 132,413 | 125,080 | 10,110 | 453 | 16,144 | 421 | 6,767 | 5,557 | 16,346 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 498,841 | 466,904 | 426,861 | 275,805 | 183,220 | 273,847 | 197,333 | 205,226 | 131,701 | 108,728 | 132,884 | 86,893 | 81,231 | 77,331 | 61,286 |
| total assets | 522,889 | 522,773 | 511,597 | 390,058 | 321,651 | 289,673 | 232,903 | 244,215 | 179,085 | 162,589 | 138,791 | 93,206 | 92,616 | 87,635 | 73,252 |
| Bank overdraft | 58,889 | 16,667 | 67,533 | 100,000 | 0 | 0 | 0 | 7,375 | 6,675 | 0 | 868 | 1,435 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,649 | 0 | 0 | 0 | 0 | 7,667 | 9,721 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,457 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 31,857 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,610 | 28,490 | 29,821 | 28,844 | 28,844 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 226,080 | 250,457 | 214,843 | 115,070 | 79,010 | 142,465 | 67,126 | 133,703 | 44,750 | 0 | 45,266 | 34,784 | 31,351 | 31,599 | 10,491 |
| total current liabilities | 291,579 | 295,614 | 312,197 | 243,914 | 107,854 | 142,465 | 98,983 | 141,078 | 59,074 | 53,457 | 46,134 | 36,219 | 31,351 | 39,266 | 30,212 |
| loans | 20,417 | 13,889 | 30,556 | 0 | 0 | 0 | 0 | 0 | 3,474 | 0 | 0 | 0 | 0 | 0 | 16,975 |
| hp & lease commitments | 0 | 462 | 28,952 | 59,750 | 89,572 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,963 | 14,556 | 0 | 0 | 0 | 1,953 | 0 |
| provisions | 4,150 | 3,759 | 3,739 | 3,708 | 2,742 | 2,613 | 2,315 | 2,436 | 3,414 | 4,042 | 479 | 406 | 1,226 | 784 | 788 |
| total long term liabilities | 24,567 | 18,110 | 63,247 | 63,458 | 92,314 | 2,613 | 2,315 | 2,436 | 9,851 | 18,598 | 479 | 406 | 1,226 | 2,737 | 17,763 |
| total liabilities | 316,146 | 313,724 | 375,444 | 307,372 | 200,168 | 145,078 | 101,298 | 143,514 | 68,925 | 72,055 | 46,613 | 36,625 | 32,577 | 42,003 | 47,975 |
| net assets | 206,743 | 209,049 | 136,153 | 82,686 | 121,483 | 144,595 | 131,605 | 100,701 | 110,160 | 90,534 | 92,178 | 56,581 | 60,039 | 45,632 | 25,277 |
| total shareholders funds | 206,743 | 209,049 | 136,153 | 82,686 | 121,483 | 144,595 | 131,605 | 100,701 | 110,160 | 90,534 | 92,178 | 56,581 | 60,039 | 45,632 | 25,277 |
| 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 | 158,151 | 116,238 | 130,919 | 78,538 | 94,804 | 24,837 | 22,001 | 29,620 | 10,033 | ||||||
| Depreciation | 38,856 | 41,680 | 41,742 | 41,969 | 34,733 | 15,221 | 15,221 | 13,165 | 11,968 | 6,456 | 4,197 | 5,731 | 5,256 | 9,235 | 7,496 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -35,439 | -24,517 | -27,633 | -15,587 | -18,968 | -4,961 | -4,447 | -6,130 | -1,929 | ||||||
| Stock | 25,831 | 14,133 | 10,114 | 2,457 | -4,558 | 10,425 | 9,008 | 6,000 | 5,000 | 5,065 | -5,234 | -9,217 | 8,597 | 4,065 | 5,966 |
| Debtors | 69,873 | 113,087 | 34,148 | 5,280 | 8,820 | 5,052 | -24,234 | -47,445 | 8,316 | -13,530 | 35,502 | 21,225 | -5,907 | 22,769 | 38,974 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,457 | 53,457 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -24,377 | 35,614 | 99,773 | 36,060 | -63,455 | 75,339 | -66,577 | 88,953 | 44,750 | -45,266 | 10,482 | 3,433 | -248 | 21,108 | 10,491 |
| Deferred Taxes & Provisions | 391 | 20 | 31 | 966 | 129 | 298 | -121 | -978 | -628 | 3,563 | 73 | -820 | 442 | -4 | 788 |
| Cash flow from operations | 198,093 | 55,470 | 245,871 | 52,268 | 60,320 | 16,212 | 20,314 | 26,995 | -18,061 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 45 | 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 | -7,649 | 7,649 | 0 | 0 | 0 | -7,667 | -2,054 | 9,721 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -31,857 | 31,857 | 0 | 0 | 0 | 0 | 0 | 0 | -10,000 | 10,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 6,528 | -16,667 | 30,556 | 0 | 0 | 0 | 0 | -3,474 | 3,474 | 0 | 0 | 0 | 0 | -16,975 | 16,975 |
| Hire Purchase and Lease Commitments | -22,342 | -29,821 | -29,821 | -29,822 | 118,416 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,963 | -11,593 | 14,556 | 0 | 0 | -1,953 | 1,953 | 0 |
| share issue | |||||||||||||||
| interest | 278 | -817 | -2,745 | -3,425 | -439 | -134 | -147 | -635 | -1,145 | ||||||
| cash flow from financing | -81,579 | 81,040 | -126,831 | -43,795 | -439 | -134 | -9,767 | -27,711 | 53,869 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -63,767 | -87,177 | 106,794 | 84,848 | -94,889 | 61,037 | 7,333 | 114,970 | 9,657 | -15,691 | 15,723 | -6,346 | 1,210 | -10,789 | 16,346 |
| overdraft | 42,222 | -50,866 | -32,467 | 100,000 | 0 | 0 | -7,375 | 700 | 6,675 | -868 | -567 | 1,435 | 0 | 0 | 0 |
| change in cash | -105,989 | -36,311 | 139,261 | -15,152 | -94,889 | 61,037 | 14,708 | 114,270 | 2,982 | -14,823 | 16,290 | -7,781 | 1,210 | -10,789 | 16,346 |
latitude law limited Credit Report and Business Information
Latitude Law Limited Competitor Analysis
Perform a competitor analysis for latitude law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in M 1 area or any other competitors across 12 key performance metrics.
latitude law limited Ownership
LATITUDE LAW LIMITED group structure
Latitude Law Limited has no subsidiary companies.
Ultimate parent company
LATITUDE LAW LIMITED
06411962
latitude law limited directors
Latitude Law Limited currently has 1 director, Mr Gary McIndoe serving since Oct 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary McIndoe | England | 58 years | Oct 2007 | - | Director |
P&L
December 2023turnover
1.3m
+26%
operating profit
-5.1k
0%
gross margin
70.4%
-1.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
206.7k
-0.01%
total assets
522.9k
0%
cash
139.3k
-0.31%
net assets
Total assets minus all liabilities
latitude law limited company details
company number
06411962
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
October 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
st james' building 6th floor, oxford street, manchester, M1 6FQ
Bank
-
Legal Advisor
-
latitude law 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 latitude law limited. Currently there are 1 open charges and 0 have been satisfied in the past.
latitude law 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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latitude law limited Companies House Filings - See Documents
| date | description | view/download |
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