Myers Solicitors Limited

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myers solicitors limited Company Information

Company Number

06480327

Next Accounts

13 days late

Directors

Joanna Kingston-Davies

Brian Cullen

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Shareholders

mapd ventures limited

Group Structure

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Industry

Solicitors

Registered Address

33-43 price street burslem, stoke on trent, staffordshire, ST6 4EN

Website

www.myerssolicitors.co.uk

myers solicitors limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of MYERS SOLICITORS LIMITED at £2m based on Net Assets of £1.2m and 1.74x industry multiple (adjusted for liquidity).

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Myers Solicitors Limited is a live company located in staffordshire, ST6 4EN with a Companies House number of 06480327. It operates in the solicitors sector, SIC Code 69102. Founded in January 2008, it's largest shareholder is mapd ventures limited with a 100% stake. Myers Solicitors Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with low growth in recent years.

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Pomanda's financial health check has awarded Myers Solicitors Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1m, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.3%)

EXPORT

Myers Solicitors Limited's latest turnover from May 2023 is estimated at £1 million and the company has net assets of £1.2 million. According to their latest financial statements, Myers Solicitors Limited has 34 employees and maintains cash reserves of £131.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,032,710	2,443,141	1,895,764	924,835	819,987	1,037,875	1,003,050	929,721	961,389	681,867	682,318	683,097	848,694	904,624
Other Income Or Grants
Cost Of Sales	589,848	1,447,868	1,215,661	580,833	500,791	653,522	570,050	550,765	599,434	449,945	447,440	419,773	520,024	420,288
Gross Profit	442,861	995,273	680,103	344,003	319,196	384,352	432,999	378,956	361,955	231,922	234,879	263,325	328,670	484,337
Admin Expenses	389,582	625,788	174,158	483,314	297,187	336,169	441,528	246,302	246,666	13,506	169,934	265,609	235,651	267,531
Operating Profit	53,279	369,485	505,945	-139,311	22,009	48,183	-8,529	132,654	115,289	218,416	64,945	-2,284	93,019	216,806
Interest Payable	1,426	2,442	1,591	2,353	2,159	5,004	6,799	3,171					3,277	3,277
Interest Receivable	9,882	24	141	55	549	252	4	8	7	6	3	9	80	71
Pre-Tax Profit	61,736	367,067	504,495	-141,609	20,399	43,431	-15,324	129,491	115,296	218,422	64,947	-2,275	89,822	213,600
Tax	-15,434	-78,030	-103,437		-3,876	-8,252		-25,898	-24,212	-50,237	-15,587		-25,150	-59,808
Profit After Tax	46,302	289,037	401,058	-141,609	16,523	35,179	-15,324	103,593	91,084	168,185	49,360	-2,275	64,672	153,792
Dividends Paid			100,000
Retained Profit	46,302	289,037	301,058	-141,609	16,523	35,179	-15,324	103,593	91,084	168,185	49,360	-2,275	64,672	153,792
Employee Costs	1,315,505	1,455,902	955,928	1,127,742	973,695	868,440	741,015	724,506	404,000	291,631	287,405	332,882	424,546	459,494
Number Of Employees	34	34	34	35	31	29	25	24	14	10	10	11	14	15
EBITDA*	54,416	413,478	546,255	-98,480	63,846	87,906	55,571	195,270	179,493	268,358	116,911	48,157	141,810	257,096

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	698	956	3,857	8,946	11,218	11,209	7,317	30,244	56,972	86,778	30,436	45,398	31,233	15,203
Intangible Assets	181,770	202,524	243,616	278,838	314,060	349,282	384,504	419,726	454,948	490,170	525,392	560,614	595,836	631,058
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	182,468	203,480	247,473	287,784	325,278	360,491	391,821	449,970	511,920	576,948	555,828	606,012	627,069	646,261
Stock & work in progress
Trade Debtors	170,975	172,772	146,344	120,945	92,395	351,227	435,263	376,640	396,333	272,583	246,296	229,787	267,693	286,985
Group Debtors	449,693	188,137
Misc Debtors	387,164	478,509	381,156	263,653	406,851	77,647	60,363	63,156
Cash	131,139	308,080	435,325	63,682	46,312	99,997	915	2,015	1,172	1,553	910	179	3,453	28,500
misc current assets						3,127,300	4,115,394
total current assets	1,138,971	1,147,498	962,825	448,280	545,558	3,656,171	4,611,935	441,811	397,505	274,136	247,206	229,966	271,146	315,485
total assets	1,321,439	1,350,978	1,210,298	736,064	870,836	4,016,662	5,003,756	891,781	909,425	851,084	803,034	835,978	898,215	961,746
Bank overdraft		27,158	14,733	47,137	30,000	33,972	120,012	95,738
Bank loan
Trade Creditors	30,619	41,389	26,131	25,174	33,557	20,508	16,302	14,903	349,803	400,450	382,185	336,889	338,371	315,449
Group/Directors Accounts						294	1,224	1,131
other short term finances
hp & lease commitments
other current liabilities	130,243	168,156	302,102	139,573	141,490	3,312,622	4,252,131	143,682
total current liabilities	160,862	236,703	342,966	211,884	205,047	3,367,396	4,389,669	255,454	349,803	400,450	382,185	336,889	338,371	315,449
loans			42,094					1,816						100,828
hp & lease commitments
Accruals and Deferred Income
other liabilities									23,604		150,000	275,000	336,861	390,677
provisions								5,100	10,200	15,900	4,300	6,900	3,519
total long term liabilities			42,094					6,916	33,804	15,900	154,300	281,900	340,380	491,505
total liabilities	160,862	236,703	385,060	211,884	205,047	3,367,396	4,389,669	262,370	383,607	416,350	536,485	618,789	678,751	806,954
net assets	1,160,577	1,114,275	825,238	524,180	665,789	649,266	614,087	629,411	525,818	434,734	266,549	217,189	219,464	154,792
total shareholders funds	1,160,577	1,114,275	825,238	524,180	665,789	649,266	614,087	629,411	525,818	434,734	266,549	217,189	219,464	154,792

	May 2023	May 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	53,279	369,485	505,945	-139,311	22,009	48,183	-8,529	132,654	115,289	218,416	64,945	-2,284	93,019	216,806
Depreciation	1,137	2,901	5,088	5,609	6,615	4,501	28,878	27,394	28,982	14,720	16,744	15,219	13,569	5,068
Amortisation		41,092	35,222	35,222	35,222	35,222	35,222	35,222	35,222	35,222	35,222	35,222	35,222	35,222
Tax	-15,434	-78,030	-103,437		-3,876	-8,252		-25,898	-24,212	-50,237	-15,587		-25,150	-59,808
Stock
Debtors	168,414	311,918	142,902	-114,648	70,372	-66,752	55,830	43,463	123,750	26,287	16,509	-37,906	-19,292	286,985
Creditors	-10,770	15,258	957	-8,383	13,049	4,206	1,399	-334,900	-50,647	18,265	45,296	-1,482	22,922	315,449
Accruals and Deferred Income	-37,913	-133,946	162,529	-1,917	-3,171,132	-939,509	4,108,449	143,682
Deferred Taxes & Provisions							-5,100	-5,100	-5,700	11,600	-2,600	3,381	3,519
Cash flow from operations	-178,115	-95,158	463,402	5,868	-3,168,485	-788,897	4,104,489	-70,409	-24,816	221,699	127,511	87,962	162,393	225,752
Investing Activities
capital expenditure	19,875		1	-3,337	-6,624	-8,393	-5,951	-666	824	-71,062	-1,782	-29,384	-29,599	-686,551
Change in Investments
cash flow from investments	19,875		1	-3,337	-6,624	-8,393	-5,951	-666	824	-71,062	-1,782	-29,384	-29,599	-686,551
Financing Activities
Bank loans
Group/Directors Accounts					-294	-930	93	1,131
Other Short Term Loans
Long term loans		-42,094	42,094				-1,816	1,816					-100,828	100,828
Hire Purchase and Lease Commitments
other long term liabilities								-23,604	23,604	-150,000	-125,000	-61,861	-53,816	390,677
share issue														1,000
interest	8,456	-2,418	-1,450	-2,298	-1,610	-4,752	-6,795	-3,163	7	6	3	9	-3,197	-3,206
cash flow from financing	8,456	-44,512	40,644	-2,298	-1,904	-5,682	-8,518	-23,820	23,611	-149,994	-124,997	-61,852	-157,841	489,299
cash and cash equivalents
cash	-176,941	-127,245	371,643	17,370	-53,685	99,082	-1,100	843	-381	643	731	-3,274	-25,047	28,500
overdraft	-27,158	12,425	-32,404	17,137	-3,972	-86,040	24,274	95,738
change in cash	-149,783	-139,670	404,047	233	-49,713	185,122	-25,374	-94,895	-381	643	731	-3,274	-25,047	28,500

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MYERS SOLICITORS LIMITED group structure

Myers Solicitors Limited has no subsidiary companies.

Ultimate parent company

MAPD VENTURES LTD

12351726

1 parent

MYERS SOLICITORS LIMITED

06480327

MYERS SOLICITORS LIMITED Shareholders

mapd ventures limited

100%

Myers Solicitors Limited currently has 8 directors. The longest serving directors include Mrs Joanna Kingston-Davies (Jun 2021) and Mr Brian Cullen (Jun 2021).

officer	country	age	start	end	role
Mrs Joanna Kingston-Davies	United Kingdom	47 years	Jun 2021	-	Director
Mr Brian Cullen	United Kingdom	52 years	Jun 2021	-	Director
Mr Brian Cullen	United Kingdom	52 years	Jun 2021	-	Director
Mrs Joanna Kingston-Davies	United Kingdom	47 years	Jun 2021	-	Director
Mrs Susan Hall		43 years	Dec 2021	-	Director
Mrs Rachel Silvester		45 years	Dec 2021	-	Director
Mr Timothy Newsome		45 years	Dec 2021	-	Director
Mrs Hannah Kennedy		44 years	Mar 2024	-	Director

P&L

May 2023

turnover

-58%

operating profit

53.3k

gross margin

42.9%

+5.27%

turnover

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

Balance Sheet

May 2023

net assets

1.2m

+0.04%

total assets

1.3m

-0.02%

cash

131.1k

-0.57%

net assets

Total assets minus all liabilities

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company number

06480327

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

January 2008

ultimate parent company

MAPD VENTURES LTD

previous names

N/A

address

33-43 price street burslem, stoke on trent, staffordshire, ST6 4EN

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myers solicitors limited Company Information

myers solicitors limited Estimated Valuation

myers solicitors limited Estimated Valuation

myers solicitors limited Estimated Valuation

Myers Solicitors Limited Overview

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MYERS SOLICITORS LIMITED financials

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