sussex law limited

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sussex law limited Company Information

Share SUSSEX LAW LIMITED

Company Number

06572143

Shareholders

john irvine burrowes

jane cole

Group Structure

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Industry

Solicitors

 

Registered Address

45 ladies mile road, brighton, BN1 8TA

sussex law limited Estimated Valuation

£472k

Pomanda estimates the enterprise value of SUSSEX LAW LIMITED at £472k based on a Turnover of £842.7k and 0.56x industry multiple (adjusted for size and gross margin).

sussex law limited Estimated Valuation

£838.9k

Pomanda estimates the enterprise value of SUSSEX LAW LIMITED at £838.9k based on an EBITDA of £245.3k and a 3.42x industry multiple (adjusted for size and gross margin).

sussex law limited Estimated Valuation

£714.3k

Pomanda estimates the enterprise value of SUSSEX LAW LIMITED at £714.3k based on Net Assets of £411.3k and 1.74x industry multiple (adjusted for liquidity).

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Sussex Law Limited Overview

Sussex Law Limited is a live company located in brighton, BN1 8TA with a Companies House number of 06572143. It operates in the solicitors sector, SIC Code 69102. Founded in April 2008, it's largest shareholder is john irvine burrowes with a 90% stake. Sussex Law Limited is a established, small sized company, Pomanda has estimated its turnover at £842.7k with declining growth in recent years.

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Sussex Law Limited Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £842.7k, make it smaller than the average company (£1.4m)

£842.7k - Sussex Law Limited

£1.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7%)

-6% - Sussex Law 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% - Sussex Law Limited

63.8% - Industry AVG

profitability

Profitability

an operating margin of 28.9% make it more profitable than the average company (9.6%)

28.9% - Sussex Law Limited

9.6% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (24)

13 - Sussex Law Limited

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)

£41.6k - Sussex Law Limited

£41.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £64.8k, this is equally as efficient (£75.3k)

£64.8k - Sussex Law Limited

£75.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 60 days, this is near the average (74 days)

60 days - Sussex Law Limited

74 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Sussex Law Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 47 days, this is less than average (196 days)

47 days - Sussex Law Limited

196 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (20 weeks)

27 weeks - Sussex Law Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 47.9%, this is a lower level of debt than the average (54.9%)

47.9% - Sussex Law Limited

54.9% - Industry AVG

SUSSEX LAW LIMITED financials

EXPORTms excel logo

Sussex Law Limited's latest turnover from April 2024 is estimated at £842.7 thousand and the company has net assets of £411.3 thousand. According to their latest financial statements, Sussex Law Limited has 13 employees and maintains cash reserves of £192.5 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
Turnover842,7091,018,2141,116,9631,002,045941,565992,406961,668970,726774,645512,617446,339322,469216,390162,838133,915
Other Income Or Grants
Cost Of Sales305,421306,948335,889421,501410,941382,124255,708270,530288,520207,990210,093153,45685,80768,04149,578
Gross Profit537,288711,266781,074580,544530,624610,282705,960700,196486,125304,627236,247169,013130,58394,79784,337
Admin Expenses293,383723,509775,740463,248522,502567,732694,687761,175507,935322,596155,14161,436127,78584,56535,531
Operating Profit243,905-12,2435,334117,2968,12242,55011,273-60,979-21,810-17,96981,106107,5772,79810,23248,806
Interest Payable2,9833,7313,0811,52517922151285528
Interest Receivable5,3163,3961,5731715717644831752994422017511758
Pre-Tax Profit246,239-12,5783,826115,9428,17942,72611,138-61,116-21,685-17,67081,548107,7512,81710,32248,864
Tax-61,560-727-22,029-1,554-8,118-2,116-17,125-24,783-676-2,684-13,682
Profit After Tax184,679-12,5783,09993,9136,62534,6089,022-61,116-21,685-17,67064,42382,9682,1417,63835,182
Dividends Paid
Retained Profit184,679-12,5783,09993,9136,62534,6089,022-61,116-21,685-17,67064,42382,9682,1417,63835,182
Employee Costs540,892745,065814,583731,372719,843683,377717,757715,877495,785276,790242,452188,827160,770128,75993,182
Number Of Employees131923222120222316986543
EBITDA*245,349-10,9836,798119,12610,41045,27214,241-57,460-17,482-14,82982,740109,5175,52212,24951,327

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets3,9934,6025,8627,3269,15610,89011,87414,07317,31112,5606,5327,7618,1708,06810,085
Intangible Assets
Investments & Other
Debtors (Due After 1 year)398,017217,017
Total Fixed Assets402,010221,6195,8627,3269,15610,89011,87414,07317,31112,5606,5327,7618,1708,06810,085
Stock & work in progress40,00040,00040,00040,00035,00042,00040,00040,00045,00085,00065,00040,0003,0003,0003,000
Trade Debtors139,662105,560111,40283,26668,292100,50478,18580,95499,524132,27899,46775,93048,43030,22124,540
Group Debtors
Misc Debtors15,20814,60740,73216,82416,68513,38512,60611,3979,895
Cash192,48910,043149,764269,79272,04242,4724,42813,17753,51716,667102,81174,0976,38123,43323,321
misc current assets
total current assets387,359170,210341,898409,882192,019198,361135,219145,528207,936233,945267,278190,02757,81156,65450,861
total assets789,369391,829347,760417,208201,175209,251147,093159,601225,247246,505273,810197,78865,98164,72260,946
Bank overdraft9,7619,7619,7619,7615,5021,565851851
Bank loan
Trade Creditors 71,82181,45769,85820,16821,05025,763
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities356,591133,75767,316131,15759,03773,73846,18862,21670,683
total current liabilities366,352143,51877,077140,91859,03773,73846,18867,71872,24871,82181,45769,85821,01921,90125,763
loans11,76621,73931,53340,239
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities11,76621,73931,53340,239
total liabilities378,118165,257108,610181,15759,03773,73846,18867,71872,24871,82181,45769,85821,01921,90125,763
net assets411,251226,572239,150236,051142,138135,513100,90591,883152,999174,684192,353127,93044,96242,82135,183
total shareholders funds411,251226,572239,150236,051142,138135,513100,90591,883152,999174,684192,353127,93044,96242,82135,183
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit243,905-12,2435,334117,2968,12242,55011,273-60,979-21,810-17,96981,106107,5772,79810,23248,806
Depreciation1,4441,2601,4641,8302,2882,7222,9683,5194,3283,1401,6341,9402,7242,0172,521
Amortisation
Tax-61,560-727-22,029-1,554-8,118-2,116-17,125-24,783-676-2,684-13,682
Stock5,000-7,0002,000-5,000-40,00020,00025,00037,0003,000
Debtors215,703185,05052,04415,113-28,91223,098-1,560-17,068-22,85932,81123,53727,50018,2095,68124,540
Creditors-71,821-9,63611,59949,690-882-4,71325,763
Accruals and Deferred Income222,83466,441-63,84172,120-14,70127,550-16,028-8,46770,683
Deferred Taxes & Provisions
Cash flow from operations190,920-129,592-109,814149,10430,06739,606-2,343-43,85944,239-77,27628,67769,924-14,245-82935,868
Investing Activities
capital expenditure-835-554-1,738-769-281-9,079-9,168-405-1,531-2,826-12,606
Change in Investments
cash flow from investments-835-554-1,738-769-281-9,079-9,168-405-1,531-2,826-12,606
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-9,973-9,794-8,70640,239
Hire Purchase and Lease Commitments
other long term liabilities
share issue11
interest2,333-335-1,508-1,35457176-135-138124299442173208958
cash flow from financing-7,640-10,129-10,21438,88557176-135-138124300442173208959
cash and cash equivalents
cash182,446-139,721-120,028197,75029,57038,044-8,749-40,34036,850-86,14428,71467,716-17,05211223,321
overdraft9,761-5,5023,9371,565-851851
change in cash182,446-139,721-120,028187,98929,57038,044-3,247-44,27735,285-86,14428,71468,567-17,052-73923,321

sussex law 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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Sussex Law Limited Competitor Analysis

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Perform a competitor analysis for sussex law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in BN1 area or any other competitors across 12 key performance metrics.

sussex law limited Ownership

SUSSEX LAW LIMITED group structure

Sussex Law Limited has no subsidiary companies.

Ultimate parent company

1 parent

SUSSEX LAW LIMITED

06572143

SUSSEX LAW LIMITED Shareholders

john irvine burrowes 90%
jane cole 10%

sussex law limited directors

Sussex Law Limited currently has 2 directors. The longest serving directors include Mr John Burrowes (Jan 2023) and Mr Nicholas Wescombe (Aug 2023).

officercountryagestartendrole
Mr John BurrowesEngland74 years Jan 2023- Director
Mr Nicholas WescombeEngland67 years Aug 2023- Director

P&L

April 2024

turnover

842.7k

-17%

operating profit

243.9k

0%

gross margin

63.8%

-8.73%

turnover

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

Balance Sheet

April 2024

net assets

411.3k

+0.82%

total assets

789.4k

+1.01%

cash

192.5k

+18.17%

net assets

Total assets minus all liabilities

sussex law limited company details

company number

06572143

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

April 2008

age

17

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

45 ladies mile road, brighton, BN1 8TA

Bank

-

Legal Advisor

-

sussex 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 did not find charges/mortgages relating to sussex law limited.

sussex 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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sussex law limited Companies House Filings - See Documents

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