Pomanda estimates the enterprise value of HIGH STREET SOLICITORS LTD at £3m based on a Turnover of £4.6m and 0.65x industry multiple (adjusted for size and gross margin).
high street solicitors ltdEstimated Valuation
£5.4m
Pomanda estimates the enterprise value of HIGH STREET SOLICITORS LTD at £5.4m based on an EBITDA of £1.5m and a 3.54x industry multiple (adjusted for size and gross margin).
high street solicitors ltdEstimated Valuation
£7.7m
Pomanda estimates the enterprise value of HIGH STREET SOLICITORS LTD at £7.7m based on Net Assets of £4.6m and 1.67x industry multiple (adjusted for liquidity).
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High Street Solicitors LtdOverview
High Street Solicitors Ltd is a live company located in brighton, BN1 4EA with a Companies House number of 07015260. It operates in the solicitors sector, SIC Code 69102. Founded in September 2009, it's largest shareholder is
craig cornick
with a 54% stake. High Street Solicitors Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£4.6m with
declining
growth in recent years.
Pomanda's financial health check has awarded High Street Solicitors Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £4.6m, make it larger than the average company (£1.3m)
£4.6m - High Street Solicitors Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (4.6%)
-22% - High Street Solicitors Ltd
4.6% - Industry AVG
Production
with a gross margin of 69.9%, this company has a comparable cost of product (69.9%)
69.9% - High Street Solicitors Ltd
69.9% - Industry AVG
Profitability
an operating margin of 32.9% make it more profitable than the average company (9.6%)
32.9% - High Street Solicitors Ltd
9.6% - Industry AVG
Employees
with 49 employees, this is above the industry average (16)
49 - High Street Solicitors Ltd
16 - Industry AVG
Pay Structure
on an average salary of £35.4k, the company has an equivalent pay structure (£35.4k)
£35.4k - High Street Solicitors Ltd
£35.4k - Industry AVG
Efficiency
resulting in sales per employee of £93k, this is more efficient (£67k)
£93k - High Street Solicitors Ltd
£67k - Industry AVG
Debtor Days
it gets paid by customers after 123 days, this is later than average (76 days)
123 days - High Street Solicitors Ltd
76 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (29 days)
118 days - High Street Solicitors Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - High Street Solicitors Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - High Street Solicitors Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.8%, this is a higher level of debt than the average (59.9%)
75.8% - High Street Solicitors Ltd
59.9% - Industry AVG
HIGH STREET SOLICITORS LTD financials
EXPORT
High Street Solicitors Ltd's latest turnover from April 2022 is estimated at £4.6 million and the company has net assets of £4.6 million. According to their latest financial statements, High Street Solicitors Ltd has 49 employees and maintains cash reserves of £8.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
4,555,992
4,934,126
4,235,110
9,669,149
8,774,949
2,535,834
4,085,768
5,822,837
3,763,233
1,814,366
1,205,471
1,138,828
1,331,153
Other Income Or Grants
Cost Of Sales
1,370,062
2,083,800
1,965,002
3,737,786
2,333,263
706,708
1,521,762
2,362,570
1,771,358
863,417
478,016
475,855
492,820
Gross Profit
3,185,930
2,850,325
2,270,108
5,931,363
6,441,686
1,829,126
2,564,006
3,460,267
1,991,875
950,948
727,455
662,973
838,334
Admin Expenses
1,687,935
1,838,346
1,212,246
5,063,538
5,426,276
743,673
2,406,842
3,646,653
1,914,857
815,157
822,777
636,785
691,141
Operating Profit
1,497,995
1,011,979
1,057,862
867,825
1,015,410
1,085,453
157,164
-186,386
77,018
135,791
-95,322
26,188
147,193
Interest Payable
176,924
168,001
174,067
195,910
146,430
94,131
45,243
Interest Receivable
38
1
4
29
287
143
11
255
638
917
1,250
1,531
804
Pre-Tax Profit
1,321,109
843,979
883,799
671,944
869,267
991,465
111,931
-186,131
77,656
136,708
-94,072
27,719
147,997
Tax
-251,011
-160,356
-167,922
-127,669
-165,161
-188,378
-22,386
-16,308
-31,443
-7,207
-41,439
Profit After Tax
1,070,098
683,623
715,877
544,275
704,106
803,087
89,545
-186,131
61,348
105,265
-94,072
20,512
106,558
Dividends Paid
Retained Profit
1,070,098
683,623
715,877
544,275
704,106
803,087
89,545
-186,131
61,348
105,265
-94,072
20,512
106,558
Employee Costs
1,735,417
1,628,965
1,645,355
1,575,701
1,435,983
922,252
717,425
3,133,507
1,937,895
1,083,584
750,555
750,078
880,699
Number Of Employees
49
49
48
46
44
29
23
101
63
34
23
23
28
EBITDA*
1,517,696
1,031,744
1,080,961
896,698
1,046,857
1,112,565
179,169
-161,563
101,304
148,551
-89,386
30,164
147,202
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
57,076
41,913
44,643
55,803
61,238
24,594
30,807
79,764
88,197
93,887
58,751
37,048
36
Intangible Assets
47,680
38,203
47,754
59,693
64,548
55,310
38,211
Investments & Other
48,967
42,447
Debtors (Due After 1 year)
Total Fixed Assets
104,756
80,116
92,397
115,496
125,786
79,904
117,985
122,211
88,197
93,887
58,751
37,048
36
Stock & work in progress
287,145
140,524
67,852
51,160
Trade Debtors
1,544,039
1,320,371
1,158,242
3,570,906
3,391,303
821,260
1,772,282
1,306,574
799,093
354,916
193,933
158,303
223,927
Group Debtors
Misc Debtors
17,489,433
14,251,515
11,468,570
8,651,473
5,836,415
2,994,690
27,205
Cash
8,276
1,912
409
7,338
523
114,404
332
4,080
97,736
157,453
209,194
290,907
321,581
misc current assets
26,067
26,067
26,067
26,067
total current assets
19,041,748
15,573,798
12,653,288
12,255,784
9,254,308
3,956,421
1,799,819
1,310,654
896,829
799,514
543,651
517,062
596,668
total assets
19,146,504
15,653,914
12,745,685
12,371,280
9,380,094
4,036,325
1,917,804
1,432,865
985,026
893,401
602,402
554,110
596,704
Bank overdraft
2,490,737
2,646,671
2,719,236
2,662,931
1,620,098
1,392,105
Bank loan
2,821,815
Trade Creditors
444,186
1,297,013
895,081
3,421,451
3,048,189
624,638
146,557
1,418,385
770,237
729,655
566,993
418,630
489,136
Group/Directors Accounts
51,623
other short term finances
hp & lease commitments
other current liabilities
3,098,632
1,939,142
1,413,327
1,469,707
583,190
621,317
212,793
total current liabilities
6,033,555
5,882,826
5,027,644
7,712,973
6,294,310
2,866,053
1,803,078
1,418,385
770,237
729,655
566,993
418,630
489,136
loans
31,083
73,716
68,595
97,478
222,515
hp & lease commitments
Accruals and Deferred Income
other liabilities
8,445,931
6,134,416
4,769,594
2,392,485
1,239,200
250,309
10,000
provisions
10,844
7,963
8,482
12,851
12,851
12,851
10,701
14,178
14,483
1,411
7,410
10
total long term liabilities
8,487,858
6,216,095
4,846,671
2,502,814
1,474,566
263,160
10,701
14,178
24,483
1,411
7,410
10
total liabilities
14,521,413
12,098,921
9,874,315
10,215,787
7,768,876
3,129,213
1,813,779
1,418,385
784,415
754,138
568,404
426,040
489,146
net assets
4,625,091
3,554,993
2,871,370
2,155,493
1,611,218
907,112
104,025
14,480
200,611
139,263
33,998
128,070
107,558
total shareholders funds
4,625,091
3,554,993
2,871,370
2,155,493
1,611,218
907,112
104,025
14,480
200,611
139,263
33,998
128,070
107,558
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
1,497,995
1,011,979
1,057,862
867,825
1,015,410
1,085,453
157,164
-186,386
77,018
135,791
-95,322
26,188
147,193
Depreciation
10,158
10,214
11,160
13,950
15,310
13,284
22,005
24,823
24,286
12,760
5,936
3,976
9
Amortisation
9,543
9,551
11,939
14,923
16,137
13,828
Tax
-251,011
-160,356
-167,922
-127,669
-165,161
-188,378
-22,386
-16,308
-31,443
-7,207
-41,439
Stock
-287,145
146,621
72,672
16,692
51,160
Debtors
3,461,586
2,945,074
404,433
2,994,661
5,411,768
2,016,463
492,913
507,481
444,177
160,983
35,630
-65,624
223,927
Creditors
-852,827
401,932
-2,526,370
373,262
2,423,551
478,081
-1,271,828
648,148
40,582
162,662
148,363
-70,506
489,136
Accruals and Deferred Income
1,159,490
525,815
-56,380
886,517
-38,127
408,524
212,793
Deferred Taxes & Provisions
2,881
-519
-4,369
2,150
10,701
-14,178
-305
13,072
-5,999
7,400
10
Cash flow from operations
-1,885,357
-1,146,458
-2,078,513
-965,853
-2,144,648
-203,521
-1,384,464
-35,074
-31,759
-14,762
-55,324
8,783
319,822
Investing Activities
capital expenditure
-44,341
-7,484
-18,583
-77,329
-37,998
-11,259
-16,390
-18,596
-47,896
-27,639
-40,988
-45
Change in Investments
-48,967
6,520
42,447
cash flow from investments
-44,341
-7,484
-18,583
-77,329
10,969
-17,779
-58,837
-18,596
-47,896
-27,639
-40,988
-45
Financing Activities
Bank loans
-2,821,815
2,821,815
Group/Directors Accounts
-51,623
51,623
Other Short Term Loans
Long term loans
-42,633
5,121
-28,883
-125,037
222,515
Hire Purchase and Lease Commitments
other long term liabilities
2,311,515
1,364,822
2,377,109
1,153,285
988,891
250,309
-10,000
10,000
share issue
1,000
interest
-176,886
-168,000
-174,063
-195,881
-146,143
-93,988
-45,232
255
638
917
1,250
1,531
804
cash flow from financing
2,091,996
1,201,943
-647,652
3,654,182
1,065,263
104,698
6,391
255
-9,362
10,917
1,250
1,531
1,804
cash and cash equivalents
cash
6,364
1,503
-6,929
6,815
-113,881
114,072
-3,748
-93,656
-59,717
-51,741
-81,713
-30,674
321,581
overdraft
-155,934
-72,565
2,719,236
-2,662,931
1,042,833
227,993
1,392,105
change in cash
162,298
74,068
-2,726,165
2,669,746
-1,156,714
-113,921
-1,395,853
-93,656
-59,717
-51,741
-81,713
-30,674
321,581
high street solicitors ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for high street solicitors ltd. Get real-time insights into high street solicitors ltd's credit score, group structure and payment trends.
Perform a competitor analysis for high street solicitors ltd 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.
high street solicitors ltd Ownership
HIGH STREET SOLICITORS LTD group structure
High Street Solicitors Ltd has no subsidiary companies.
Ultimate parent company
HIGH STREET SOLICITORS LTD
07015260
HIGH STREET SOLICITORS LTD Shareholders
The largest shareholders in High Street Solicitors Ltd include Craig Cornick and Thomas Hardwick.
craig cornick
54%
thomas hardwick
28%
michael james paul wilson
18%
high street solicitors ltd directors
High Street Solicitors Ltd currently has 1 director, Mr Thomas Hardwick serving since Feb 2017.
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 18 charges/mortgages relating to high street solicitors ltd. Currently there are 15 open charges and 3 have been satisfied in the past.
high street solicitors ltd 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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high street solicitors ltdCompanies House Filings - See Documents
