Fair Legal Limited

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fair legal limited Company Information

Live

EstablishedMicroDeclining

Company Number

07123495

Website

www.fairlegal.co.uk

Registered Address

33 bransdale drive, ashton-in-makerfield, wigan, WN4 8WA

Industry

Other business support service activities n.e.c.

Telephone

08000842800

Next Accounts Due

October 2024

Group Structure

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Directors

Damian Hateley14 Years

Shareholders

damian hateley 100%

fair legal limited Estimated Valuation

£23.6k

Pomanda estimates the enterprise value of FAIR LEGAL LIMITED at £23.6k based on a Turnover of £58.2k and 0.4x industry multiple (adjusted for size and gross margin).

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Fair Legal Limited is a live company located in wigan, WN4 8WA with a Companies House number of 07123495. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2010, it's largest shareholder is damian hateley with a 100% stake. Fair Legal Limited is a established, micro sized company, Pomanda has estimated its turnover at £58.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Fair Legal Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £58.2k, make it smaller than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (3.7%)

EXPORT

Fair Legal Limited's latest turnover from January 2023 is estimated at £58.2 thousand and the company has net assets of -£22.4 thousand. According to their latest financial statements, Fair Legal Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011
Turnover	58,227	67,707	99,179	102,584	137,663	78,315	97,066	121,987	124,939	124,734	94,436	130,162	7,842
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	48,100	56,774	83,702	84,903	114,809	64,993	79,389	101,031	104,383	103,851	78,086	106,719	6,394
Gross Profit	10,127	10,933	15,477	17,681	22,854	13,322	17,677	20,955	20,556	20,883	16,350	23,442	1,447
Admin Expenses	25,041	19,074	16,218	21,142	23,084	7,043	17,820	16,332	8,290	3,481	43,446	-3,095	20,677
Operating Profit	-14,914	-8,141	-741	-3,461	-230	6,279	-143	4,623	12,266	17,402	-27,096	26,537	-19,230
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	8	22	7	16	16	2	1
Pre-Tax Profit	-14,914	-8,141	-741	-3,461	-230	6,279	-135	4,645	12,272	17,418	-27,080	26,539	-19,229
Tax	0	0	0	0	0	-1,193	0	-929	-2,577	-4,006	0	-6,900	0
Profit After Tax	-14,914	-8,141	-741	-3,461	-230	5,086	-135	3,716	9,695	13,412	-27,080	19,639	-19,229
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,914	-8,141	-741	-3,461	-230	5,086	-135	3,716	9,695	13,412	-27,080	19,639	-19,229
Employee Costs	46,288	44,142	42,458	41,909	40,508	38,495	38,357	38,181	38,037	38,079	36,942	36,984	35,861
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-14,914	-8,141	-741	-3,461	-230	6,279	-143	4,796	12,549	17,684	-26,677	26,670	-19,097

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011
Tangible Assets	10,200	8,333	333	0	204	409	175	343	8	291	571	133	266
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,200	8,333	333	0	204	409	175	343	8	291	571	133	266
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	13,646	14,081	30,116	31,220	47,674	25,321	30,458	31,518	29,081	29,574	22,083	38,435	1,118
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	6,716	2,135	512	5,975	589	263
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	13,646	14,081	30,116	31,220	47,674	25,321	30,458	38,234	31,216	30,086	28,058	39,024	1,381
total assets	23,846	22,414	30,449	31,220	47,878	25,730	30,633	38,577	31,224	30,377	28,629	39,157	1,647
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,715	29,883	29,777	29,807	42,168	18,787	27,773	28,262	34,786	31,551	25,828	18,241	4,489
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	11,487	20,505	16,386
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	15,715	29,883	29,777	29,807	42,168	18,787	27,773	28,262	34,786	31,551	37,315	38,746	20,875
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	965	0	0	900	0	0
other liabilities	30,514	0	0	0	836	1,839	2,842	9,196	0	12,083	17,083	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	30,514	0	0	0	836	1,839	2,842	10,161	0	12,083	17,983	0	0
total liabilities	46,229	29,883	29,777	29,807	43,004	20,626	30,615	38,423	34,786	43,634	55,298	38,746	20,875
net assets	-22,383	-7,469	672	1,413	4,874	5,104	18	154	-3,562	-13,257	-26,669	411	-19,228
total shareholders funds	-22,383	-7,469	672	1,413	4,874	5,104	18	154	-3,562	-13,257	-26,669	411	-19,228

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011
Operating Activities
Operating Profit	-14,914	-8,141	-741	-3,461	-230	6,279	-143	4,623	12,266	17,402	-27,096	26,537	-19,230
Depreciation	0	0	0	0	0	0	0	173	283	282	419	133	133
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-1,193	0	-929	-2,577	-4,006	0	-6,900	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-435	-16,035	-1,104	-16,454	22,353	-5,137	-1,060	2,437	-493	7,491	-16,352	37,317	1,118
Creditors	-14,168	106	-30	-12,361	23,381	-8,986	-489	-6,524	3,235	5,723	7,587	13,752	4,489
Accruals and Deferred Income	0	0	0	0	0	0	-965	965	0	-900	900	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-28,647	8,000	333	632	798	1,237	-537	-4,129	13,700	11,010	-1,838	-3,795	-15,726
Investing Activities
capital expenditure	-1,867	-8,000	-333	204	205	-234	168	-508	0	-2	-857	0	-399
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,867	-8,000	-333	204	205	-234	168	-508	0	-2	-857	0	-399
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	-11,487	-9,018	4,119	16,386
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	30,514	0	0	-836	-1,003	-1,003	-6,354	9,196	-12,083	-5,000	17,083	0	0
share issue	0	0	0	0	0	0	-1	0	0	0	0	0	1
interest	0	0	0	0	0	0	8	22	7	16	16	2	1
cash flow from financing	30,514	0	0	-836	-1,003	-1,003	-6,347	9,218	-12,076	-16,471	8,081	4,121	16,388
cash and cash equivalents
cash	0	0	0	0	0	0	-6,716	4,581	1,623	-5,463	5,386	326	263
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-6,716	4,581	1,623	-5,463	5,386	326	263

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for fair legal limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WN4 area or any other competitors across 12 key performance metrics.

FAIR LEGAL LIMITED group structure

Fair Legal Limited has no subsidiary companies.

Ultimate parent company

FAIR LEGAL LIMITED

07123495

FAIR LEGAL LIMITED Shareholders

damian hateley

100%

Fair Legal Limited currently has 1 director, Mr Damian Hateley serving since Jan 2010.

officer	country	age	start	end	role
Mr Damian Hateley	England	41 years	Jan 2010	-	Director

P&L

January 2023

turnover

58.2k

-14%

operating profit

-14.9k

gross margin

17.4%

+7.71%

turnover

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

Balance Sheet

January 2023

net assets

-22.4k

+2%

total assets

23.8k

+0.06%

cash

net assets

Total assets minus all liabilities

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company number

07123495

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2010

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

January 2023

address

33 bransdale drive, ashton-in-makerfield, wigan, WN4 8WA

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 fair legal limited.

fair legal limited Company Information

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fair legal limited Estimated Valuation

fair legal limited Estimated Valuation

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