Ormrods Solicitors & Advocates Ltd

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ormrods solicitors & advocates ltd Company Information

Company Number

07068648

Next Accounts

Sep 2025

Directors

Michael Penny

Sharif Ela

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Shareholders

mr sharif ela

mr micael william penny

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Group Structure

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Industry

Solicitors

Registered Address

1 victoria square, thornton-cleveleys, lancashire, FY5 3LU

Website

www.ormrods.co.uk

ormrods solicitors & advocates ltd Estimated Valuation

£482.4k

Pomanda estimates the enterprise value of ORMRODS SOLICITORS & ADVOCATES LTD at £482.4k based on Net Assets of £277.7k and 1.74x industry multiple (adjusted for liquidity).

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Ormrods Solicitors & Advocates Ltd is a live company located in lancashire, FY5 3LU with a Companies House number of 07068648. It operates in the solicitors sector, SIC Code 69102. Founded in November 2009, it's largest shareholder is mr sharif ela with a 33.3% stake. Ormrods Solicitors & Advocates Ltd is a established, small sized company, Pomanda has estimated its turnover at £791.5k with low growth in recent years.

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Pomanda's financial health check has awarded Ormrods Solicitors & Advocates Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £791.5k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7%)

EXPORT

Ormrods Solicitors & Advocates Ltd's latest turnover from December 2023 is estimated at £791.5 thousand and the company has net assets of £277.7 thousand. According to their latest financial statements, Ormrods Solicitors & Advocates Ltd has 11 employees and maintains cash reserves of £141.4 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
Turnover	791,510	955,731	1,013,700	779,287	786,579	953,878	653,092	312,871	637,409	556,563	377,148	537,955	475,226	451,562
Other Income Or Grants
Cost Of Sales	257,832	271,038	399,371	382,655	311,796	368,413	217,285	98,262	256,381	221,236	163,206	212,029	172,851	137,352
Gross Profit	533,678	684,692	614,329	396,632	474,783	585,465	435,807	214,609	381,028	335,327	213,942	325,926	302,375	314,210
Admin Expenses	413,211	686,016	539,280	390,042	537,607	509,646	341,888	223,865	332,907	328,075	234,416	301,632	317,282	286,934
Operating Profit	120,467	-1,324	75,049	6,590	-62,824	75,819	93,919	-9,256	48,121	7,252	-20,474	24,294	-14,907	27,276
Interest Payable	3,730	1,808
Interest Receivable	3,966	169							3	87	139	101	100	53
Pre-Tax Profit	120,703	-2,963	75,049	6,590	-62,824	75,819	93,919	-9,256	48,124	7,339	-20,335	24,395	-14,807	27,329
Tax	-30,176		-14,259	-1,252		-14,406	-17,845		-9,625	-1,541		-5,855		-7,652
Profit After Tax	90,527	-2,963	60,790	5,338	-62,824	61,413	76,074	-9,256	38,499	5,798	-20,335	18,540	-14,807	19,677
Dividends Paid
Retained Profit	90,527	-2,963	60,790	5,338	-62,824	61,413	76,074	-9,256	38,499	5,798	-20,335	18,540	-14,807	19,677
Employee Costs	442,612	491,433	349,677	235,510	256,271	274,590	199,209	128,260	369,390	292,905	214,017	312,652	321,494	315,008
Number Of Employees	11	13	10	7	7	8	6	4	12	10	7	10	10	10
EBITDA*	126,480	-1,324	75,049	6,590	-62,824	75,819	93,919	-9,256	59,046	25,818	-4,767	34,294	-14,907	35,422

* 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
Tangible Assets	18,043	24,056	31,907	38,603	23,811	27,430	34,265	27,029	32,776	43,701	35,119	15,113	13,175	12,437
Intangible Assets											4,000	8,000	12,000	16,000
Investments & Other									50
Debtors (Due After 1 year)
Total Fixed Assets	18,043	24,056	31,907	38,603	23,811	27,430	34,265	27,029	32,826	43,701	39,119	23,113	25,175	28,437
Stock & work in progress	83,156	35,000
Trade Debtors	178,403	216,369	311,980	225,193	230,578	301,304	189,307	74,842	141,047	110,019	70,695	96,884	87,881	78,376
Group Debtors
Misc Debtors	34,230	45,464	4,210	4,130	19,571			35,349
Cash	141,427	9,648							1	1,124	33,854	21,790	18,515	21,392
misc current assets						11,608	6,772	16,873
total current assets	437,216	306,481	316,190	229,323	250,149	312,912	196,079	127,064	141,048	111,143	104,549	118,674	106,396	99,768
total assets	455,259	330,537	348,097	267,926	273,960	340,342	230,344	154,093	173,874	154,844	143,668	141,787	131,571	128,205
Bank overdraft	10,057	7,236
Bank loan
Trade Creditors	1,680	2,104	124,545	103,536	156,341	159,756	111,754	115,977	116,133	125,237	119,684	96,472	124,144	93,590
Group/Directors Accounts	493	4,000
other short term finances
hp & lease commitments
other current liabilities	142,884	94,622
total current liabilities	155,114	107,962	124,545	103,536	156,341	159,756	111,754	115,977	116,133	125,237	119,684	96,472	124,144	93,590
loans	18,192	30,822
hp & lease commitments
Accruals and Deferred Income			6,055	5,780	4,840	4,983	4,400
other liabilities			38,590	40,493					4,129	12,378	14,354	19,454	2,555	14,936
provisions	4,244	4,571							6,238	8,354	6,553	2,449
total long term liabilities	22,436	35,393	44,645	46,273	4,840	4,983	4,400		10,367	20,732	20,907	21,903	2,555	14,936
total liabilities	177,550	143,355	169,190	149,809	161,181	164,739	116,154	115,977	126,500	145,969	140,591	118,375	126,699	108,526
net assets	277,709	187,182	178,907	118,117	112,779	175,603	114,190	38,116	47,374	8,875	3,077	23,412	4,872	19,679
total shareholders funds	277,709	187,182	178,907	118,117	112,779	175,603	114,190	38,116	47,374	8,875	3,077	23,412	4,872	19,679

	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
Operating Activities
Operating Profit	120,467	-1,324	75,049	6,590	-62,824	75,819	93,919	-9,256	48,121	7,252	-20,474	24,294	-14,907	27,276
Depreciation	6,013								10,925	14,566	11,707	6,000		4,146
Amortisation										4,000	4,000	4,000		4,000
Tax	-30,176		-14,259	-1,252		-14,406	-17,845		-9,625	-1,541		-5,855		-7,652
Stock	48,156	35,000
Debtors	-49,200	-54,357	86,867	-20,826	-51,155	111,997	79,116	-30,856	31,028	39,324	-26,189	9,003	9,505	78,376
Creditors	-424	-122,441	21,009	-52,805	-3,415	48,002	-4,223	-156	-9,104	5,553	23,212	-27,672	30,554	93,590
Accruals and Deferred Income	48,262	88,567	275	940	-143	583	4,400
Deferred Taxes & Provisions	-327	4,571						-6,238	-2,116	1,801	4,104	2,449
Cash flow from operations	144,859	-11,270	-4,793	-25,701	-15,227	-1,999	-2,865	15,206	7,173	-7,693	48,738	-5,787	6,142	42,984
Investing Activities
capital expenditure		7,851	6,696	-14,792	3,619	6,835	-7,236	5,747		-23,148	-31,713	-7,938	3,262	-36,583
Change in Investments								-50	50
cash flow from investments		7,851	6,696	-14,792	3,619	6,835	-7,236	5,797	-50	-23,148	-31,713	-7,938	3,262	-36,583
Financing Activities
Bank loans
Group/Directors Accounts	-3,507	4,000
Other Short Term Loans
Long term loans	-12,630	30,822
Hire Purchase and Lease Commitments
other long term liabilities		-38,590	-1,903	40,493				-4,129	-8,249	-1,976	-5,100	16,899	-12,381	14,936
share issue		11,238						-2						2
interest	236	-1,639							3	87	139	101	100	53
cash flow from financing	-15,901	5,831	-1,903	40,493				-4,131	-8,246	-1,889	-4,961	17,000	-12,281	14,991
cash and cash equivalents
cash	131,779	9,648						-1	-1,123	-32,730	12,064	3,275	-2,877	21,392
overdraft	2,821	7,236
change in cash	128,958	2,412						-1	-1,123	-32,730	12,064	3,275	-2,877	21,392

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ORMRODS SOLICITORS & ADVOCATES LTD group structure

Ormrods Solicitors & Advocates Ltd has no subsidiary companies.

Ultimate parent company

ORMRODS SOLICITORS & ADVOCATES LTD

07068648

ORMRODS SOLICITORS & ADVOCATES LTD Shareholders

mr sharif ela	33.33%
mr micael william penny	33.33%
ms laura ball	33.33%

Ormrods Solicitors & Advocates Ltd currently has 3 directors. The longest serving directors include Mr Michael Penny (Nov 2009) and Mr Sharif Ela (Apr 2017).

officer	country	age	start	end	role
Mr Michael Penny		56 years	Nov 2009	-	Director
Mr Sharif Ela	England	51 years	Apr 2017	-	Director
Ms Laura Ball	England	44 years	Apr 2022	-	Director

P&L

December 2023

turnover

791.5k

-17%

operating profit

120.5k

gross margin

67.5%

-5.88%

turnover

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

Balance Sheet

December 2023

net assets

277.7k

+0.48%

total assets

455.3k

+0.38%

cash

141.4k

+13.66%

net assets

Total assets minus all liabilities

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company number

07068648

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

1 victoria square, thornton-cleveleys, lancashire, FY5 3LU

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ormrods solicitors & advocates ltd Company Information

ormrods solicitors & advocates ltd Estimated Valuation

ormrods solicitors & advocates ltd Estimated Valuation

ormrods solicitors & advocates ltd Estimated Valuation

Ormrods Solicitors & Advocates Ltd Overview

Ormrods Solicitors & Advocates Ltd Health Check

ORMRODS SOLICITORS & ADVOCATES LTD financials

ormrods solicitors & advocates ltd Credit Report and Business Information

Ormrods Solicitors & Advocates Ltd Competitor Analysis

ormrods solicitors & advocates ltd Ownership

ormrods solicitors & advocates ltd directors

ormrods solicitors & advocates ltd company details

ormrods solicitors & advocates ltd Charges & Mortgages

ormrods solicitors & advocates ltd Capital Raised & Share Issues BETA

ormrods solicitors & advocates ltd Companies House Filings - See Documents