marine law solicitors limited

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marine law solicitors limited Company Information

Share MARINE LAW SOLICITORS LIMITED

Company Number

07077844

Shareholders

joseph crewdson

barry young

Group Structure

View All

Industry

Solicitors

 

Registered Address

3rd floor, the old casino 1-4 forth lane, newcastle upon tyne, NE1 5HX

marine law solicitors limited Estimated Valuation

£251.5k

Pomanda estimates the enterprise value of MARINE LAW SOLICITORS LIMITED at £251.5k based on a Turnover of £534.5k and 0.47x industry multiple (adjusted for size and gross margin).

marine law solicitors limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MARINE LAW SOLICITORS LIMITED at £0 based on an EBITDA of £-82.7k and a 2.87x industry multiple (adjusted for size and gross margin).

marine law solicitors limited Estimated Valuation

£823.3k

Pomanda estimates the enterprise value of MARINE LAW SOLICITORS LIMITED at £823.3k based on Net Assets of £474k and 1.74x industry multiple (adjusted for liquidity).

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Marine Law Solicitors Limited Overview

Marine Law Solicitors Limited is a live company located in newcastle upon tyne, NE1 5HX with a Companies House number of 07077844. It operates in the solicitors sector, SIC Code 69102. Founded in November 2009, it's largest shareholder is joseph crewdson with a 50% stake. Marine Law Solicitors Limited is a established, small sized company, Pomanda has estimated its turnover at £534.5k with high growth in recent years.

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Marine Law Solicitors Limited Health Check

Pomanda's financial health check has awarded Marine Law Solicitors Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £534.5k, make it smaller than the average company (£1.1m)

£534.5k - Marine Law Solicitors Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.1%)

16% - Marine Law Solicitors Limited

7.1% - Industry AVG

production

Production

with a gross margin of 43.7%, this company has a higher cost of product (68.9%)

43.7% - Marine Law Solicitors Limited

68.9% - Industry AVG

profitability

Profitability

an operating margin of -15.6% make it less profitable than the average company (9.4%)

-15.6% - Marine Law Solicitors Limited

9.4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (15)

2 - Marine Law Solicitors Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)

£38.2k - Marine Law Solicitors Limited

£38.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £267.2k, this is more efficient (£68.5k)

£267.2k - Marine Law Solicitors Limited

£68.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 328 days, this is later than average (62 days)

328 days - Marine Law Solicitors Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 128 days, this is slower than average (23 days)

128 days - Marine Law Solicitors Limited

23 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Marine Law Solicitors Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (32 weeks)

47 weeks - Marine Law Solicitors Limited

32 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.4%, this is a lower level of debt than the average (45.2%)

18.4% - Marine Law Solicitors Limited

45.2% - Industry AVG

MARINE LAW SOLICITORS LIMITED financials

EXPORTms excel logo

Marine Law Solicitors Limited's latest turnover from March 2024 is estimated at £534.5 thousand and the company has net assets of £474 thousand. According to their latest financial statements, Marine Law Solicitors Limited has 2 employees and maintains cash reserves of £97 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Turnover534,456446,685382,108340,882322,943297,957373,558277,382446,076999,125892,045822,983944,5761,354,195
Other Income Or Grants
Cost Of Sales300,764251,318233,196218,591202,821181,971235,220157,641264,255622,963588,636539,682580,455829,762
Gross Profit233,692195,367148,913122,291120,122115,985138,338119,741181,821376,162303,409283,301364,121524,433
Admin Expenses317,34380,69975,513108,761124,467171,48126,367129,308320,489387,015238,65070,202196,627303,853
Operating Profit-83,651114,66873,40013,530-4,345-55,496111,971-9,567-138,668-10,85364,759213,099167,494220,580
Interest Payable
Interest Receivable8,4249,3881,7092132011,6048985421,5981,8731,8001,0671,063798
Pre-Tax Profit-75,227124,05675,10913,743-4,144-53,892112,869-9,025-137,070-8,98066,560214,166168,557221,378
Tax-23,571-14,271-2,611-21,445-15,309-51,400-43,825-61,986
Profit After Tax-75,227100,48560,83811,132-4,144-53,89291,424-9,025-137,070-8,98051,251162,766124,732159,392
Dividends Paid
Retained Profit-75,227100,48560,83811,132-4,144-53,89291,424-9,025-137,070-8,98051,251162,766124,732159,392
Employee Costs76,49672,79166,43993,40896,66494,22989,839118,562120,751432,858379,121344,886453,930697,468
Number Of Employees2223333441513121523
EBITDA*-82,746115,51374,02530,69112,903-38,091129,572-8,488-137,54392,585167,963316,001270,348323,116

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Tangible Assets2,4143,3192,7832,98419,13336,38153,7864,3154,5034,9434,0172,8062,6221,344
Intangible Assets102,200204,400306,600408,800
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets2,4143,3192,7832,98419,13336,38153,7864,3154,5034,943106,217207,206309,222410,144
Stock & work in progress
Trade Debtors481,420422,053363,132277,536238,021217,152288,937181,553322,986417,392368,242303,732318,564382,200
Group Debtors165,000
Misc Debtors15,57240,04925,73014,50316,44018,798
Cash97,022223,884217,897237,794188,790213,195214,666144,624289,050350,208399,144321,025105,816319,254
misc current assets
total current assets578,442645,937581,029530,902466,860456,077518,106507,617630,834767,600767,386624,757424,380701,454
total assets580,856649,256583,812533,886485,993492,458571,892511,932635,337772,543873,603831,963733,6021,111,598
Bank overdraft
Bank loan
Trade Creditors 106,26899,414134,5586,5052,939756378603519283,080375,160384,773449,178951,906
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities138,927102,663103,526136,722167,961282,425
total current liabilities106,26899,414134,558145,432105,602104,282137,100168,564282,944283,080375,160384,773449,178951,906
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions6046315285663,6357,276
total long term liabilities6046315285663,6357,276
total liabilities106,872100,045135,086145,998109,237111,558137,100168,564282,944283,080375,160384,773449,178951,906
net assets473,984549,211448,726387,888376,756380,900434,792343,368352,393489,463498,443447,190284,424159,692
total shareholders funds473,984549,211448,726387,888376,756380,900434,792343,368352,393489,463498,443447,190284,424159,692
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Operating Activities
Operating Profit-83,651114,66873,40013,530-4,345-55,496111,971-9,567-138,668-10,85364,759213,099167,494220,580
Depreciation90584562517,16117,24817,40517,6011,0791,1251,2381,004702654336
Amortisation102,200102,200102,200102,200102,200
Tax-23,571-14,271-2,611-21,445-15,309-51,400-43,825-61,986
Stock
Debtors59,36758,92170,02415,03835,188-60,558-59,55321,209-75,60849,15064,510-14,832-63,636382,200
Creditors6,854-35,144128,0533,5662,183378-22584-282,561-92,080-9,613-64,405-502,728951,906
Accruals and Deferred Income-138,92736,264-863-33,196-31,239-114,464282,425
Deferred Taxes & Provisions-27103-38-3,069-3,6417,276
Cash flow from operations-135,286-2,020-21,18249,803-24,606-3,075136,216-144,077-62,071-48,64578,531215,028-212,569830,836
Investing Activities
capital expenditure-1,381-424-1,012-67,072-891-685-2,164-2,215-886-1,932-512,680
Change in Investments
cash flow from investments-1,381-424-1,012-67,072-891-685-2,164-2,215-886-1,932-512,680
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue2300
interest8,4249,3881,7092132011,6048985421,5981,8731,8001,0671,063798
cash flow from financing8,4249,3881,7092132011,6048985421,5981,8731,8021,0671,0631,098
cash and cash equivalents
cash-126,8625,987-19,89749,004-24,405-1,47170,042-144,426-61,158-48,93678,119215,209-213,438319,254
overdraft
change in cash-126,8625,987-19,89749,004-24,405-1,47170,042-144,426-61,158-48,93678,119215,209-213,438319,254

marine law solicitors 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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Marine Law Solicitors Limited Competitor Analysis

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Perform a competitor analysis for marine law solicitors limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NE1 area or any other competitors across 12 key performance metrics.

marine law solicitors limited Ownership

MARINE LAW SOLICITORS LIMITED group structure

Marine Law Solicitors Limited has no subsidiary companies.

Ultimate parent company

MARINE LAW SOLICITORS LIMITED

07077844

MARINE LAW SOLICITORS LIMITED Shareholders

joseph crewdson 50%
barry young 50%

marine law solicitors limited directors

Marine Law Solicitors Limited currently has 2 directors. The longest serving directors include Mr Barry Young (Nov 2009) and Mr Joseph Crewdson (Feb 2010).

officercountryagestartendrole
Mr Barry Young65 years Nov 2009- Director
Mr Joseph Crewdson43 years Feb 2010- Director

P&L

March 2024

turnover

534.5k

+20%

operating profit

-83.7k

0%

gross margin

43.8%

-0.03%

turnover

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

Balance Sheet

March 2024

net assets

474k

-0.14%

total assets

580.9k

-0.11%

cash

97k

-0.57%

net assets

Total assets minus all liabilities

marine law solicitors limited company details

company number

07077844

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

November 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

3rd floor, the old casino 1-4 forth lane, newcastle upon tyne, NE1 5HX

Bank

-

Legal Advisor

-

marine law solicitors 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 marine law solicitors limited.

marine law solicitors 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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marine law solicitors limited Companies House Filings - See Documents

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