Patterson Law Limited

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patterson law limited Company Information

Company Number

07188461

Next Accounts

Dec 2025

Directors

Dominic Smith

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Shareholders

game change legal limited

Group Structure

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Industry

Solicitors

Registered Address

patterson law wharf road, newton abbot, devon, TQ12 2DA

Website

www.pattersonlaw.co.uk

patterson law limited Estimated Valuation

£991.1k

Pomanda estimates the enterprise value of PATTERSON LAW LIMITED at £991.1k based on a Turnover of £1.7m and 0.59x industry multiple (adjusted for size and gross margin).

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Patterson Law Limited is a live company located in devon, TQ12 2DA with a Companies House number of 07188461. It operates in the solicitors sector, SIC Code 69102. Founded in March 2010, it's largest shareholder is game change legal limited with a 100% stake. Patterson Law Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Patterson Law Limited a 3 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 Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £1.7m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7.1%)

EXPORT

Patterson Law Limited's latest turnover from March 2024 is estimated at £1.7 million and the company has net assets of £311.5 thousand. According to their latest financial statements, Patterson Law Limited has 38 employees and maintains cash reserves of £591.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	1,677,436	1,960,553	2,021,762	1,753,516	1,531,845	1,620,196	1,516,464	1,276,432	323,389	781,686	2,258,813	346,215	428,930	406,896
Other Income Or Grants
Cost Of Sales	522,192	539,755	638,275	689,077	558,712	581,202	456,049	402,291	128,582	327,686	1,026,999	151,859	166,093	153,869
Gross Profit	1,155,244	1,420,798	1,383,487	1,064,439	973,133	1,038,994	1,060,415	874,141	194,807	454,000	1,231,814	194,357	262,837	253,026
Admin Expenses	1,034,078	1,431,802	1,286,870	926,616	1,086,613	1,025,788	948,344	1,835,417	-327,373	500,496	1,107,056	-63,389	56,757	46,632
Operating Profit	121,166	-11,004	96,617	137,823	-113,480	13,206	112,071	-961,276	522,180	-46,496	124,758	257,746	206,080	206,394
Interest Payable			8,438	7,625
Interest Receivable	30,410	23,528	4,764	463	314	3,440	2,066	1,180	3,362	2,607	1,877	1,974	1,341	495
Pre-Tax Profit	151,576	12,523	92,943	130,660	-113,166	16,646	114,137	-960,096	525,543	-43,889	126,635	259,720	207,420	206,889
Tax	-37,894	-2,379	-17,659	-24,825		-3,163	-21,686		-105,108		-29,126	-62,333	-53,929	-57,929
Profit After Tax	113,682	10,144	75,284	105,835	-113,166	13,483	92,451	-960,096	420,434	-43,889	97,509	197,387	153,491	148,960
Dividends Paid
Retained Profit	113,682	10,144	75,284	105,835	-113,166	13,483	92,451	-960,096	420,434	-43,889	97,509	197,387	153,491	148,960
Employee Costs	1,453,431	1,674,186	1,727,410	1,401,124	1,288,848	1,224,971	1,167,902	948,499	211,314	461,715	1,341,504	229,924	302,620	272,922
Number Of Employees	38	46	52	45	40	39	39	32	7	16	46	8	10	9
EBITDA*	145,537	31,296	141,413	173,850	-85,188	45,699	145,779	-925,913	522,180	-11,300	144,192	270,629	228,100	224,030

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	63,577	29,100	30,971	37,873	14,268	12,603	16,248	21,214	11,491	8,637	9,825	8,050	3,809	1,306
Intangible Assets		14,875	49,875	84,875	113,166	141,458	169,750	198,042	226,333	254,625	282,917	300,417	376,958	397,708
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	63,577	43,975	80,846	122,748	127,434	154,061	185,998	219,256	237,824	263,262	292,742	308,467	380,767	399,014
Stock & work in progress
Trade Debtors	125,212	140,068	159,914	137,237	97,675	138,210	124,255	117,393	62,438	92,199	417,237	5,470	18,643	6,714
Group Debtors	193,684	205,281	192,720	192,529	225,691				665,583
Misc Debtors	27,937	9,388	19,628	39,032	6,880	12,935	14,370	14,363				103,275
Cash	591,177	567,318	539,869	730,556	195,288	433,099	484,214	342,131	601,544	743,280	299,431	451,275	338,365	197,847
misc current assets
total current assets	938,010	922,055	912,131	1,099,354	525,534	584,244	622,839	473,887	1,329,565	835,479	716,668	560,020	357,008	204,561
total assets	1,001,587	966,030	992,977	1,222,102	652,968	738,305	808,837	693,143	1,567,389	1,098,741	1,009,410	868,487	737,775	603,575
Bank overdraft
Bank loan				250,000
Trade Creditors	16,656	31,071	27,673	15,027	3,295	12,360	55,284	58,235	62,051	544,170	410,848	367,954	434,561	454,515
Group/Directors Accounts						7,483	36,423	57,971
other short term finances
hp & lease commitments
other current liabilities	662,026	730,309	770,340	838,129	640,864	596,997	608,453	559,945	529,831
total current liabilities	678,682	761,380	798,013	1,103,156	644,159	616,840	700,160	676,151	591,882	544,170	410,848	367,954	434,561	454,515
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	11,395	6,822	7,280	6,546	2,244	1,734	2,429	3,195	1,614	1,112	1,214	694	762	99
total long term liabilities	11,395	6,822	7,280	6,546	2,244	1,734	2,429	3,195	1,614	1,112	1,214	694	762	99
total liabilities	690,077	768,202	805,293	1,109,702	646,403	618,574	702,589	679,346	593,496	545,282	412,062	368,648	435,323	454,614
net assets	311,510	197,828	187,684	112,400	6,565	119,731	106,248	13,797	973,893	553,459	597,348	499,839	302,452	148,961
total shareholders funds	311,510	197,828	187,684	112,400	6,565	119,731	106,248	13,797	973,893	553,459	597,348	499,839	302,452	148,961

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	121,166	-11,004	96,617	137,823	-113,480	13,206	112,071	-961,276	522,180	-46,496	124,758	257,746	206,080	206,394
Depreciation	9,496	7,300	9,796	7,736		4,201	5,416	7,071		6,904	1,934	1,342	1,270	344
Amortisation	14,875	35,000	35,000	28,291	28,292	28,292	28,292	28,292		28,292	17,500	11,541	20,750	17,292
Tax	-37,894	-2,379	-17,659	-24,825		-3,163	-21,686		-105,108		-29,126	-62,333	-53,929	-57,929
Stock
Debtors	-7,904	-17,525	3,464	38,552	179,101	12,520	6,869	-596,265	635,822	-325,038	308,492	90,102	11,929	6,714
Creditors	-14,415	3,398	12,646	11,732	-9,065	-42,924	-2,951	-3,816	-482,119	133,322	42,894	-66,607	-19,954	454,515
Accruals and Deferred Income	-68,283	-40,031	-67,789	197,265	43,867	-11,456	48,508	30,114	529,831
Deferred Taxes & Provisions	4,573	-458	734	4,302	510	-695	-766	1,581	502	-102	520	-68	663	99
Cash flow from operations	37,422	9,351	65,881	323,772	-228,977	-25,059	162,015	-301,769	-170,536	446,958	-150,012	51,519	142,951	614,001
Investing Activities
capital expenditure	-43,973	-5,429	-2,894	-31,341	-1,665	-556	-450	-16,795	25,438	-5,716	-3,709	59,417	-3,773	-416,650
Change in Investments
cash flow from investments	-43,973	-5,429	-2,894	-31,341	-1,665	-556	-450	-16,795	25,438	-5,716	-3,709	59,417	-3,773	-416,650
Financing Activities
Bank loans			-250,000	250,000
Group/Directors Accounts					-7,483	-28,940	-21,548	57,971
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue														1
interest	30,410	23,528	-3,674	-7,162	314	3,440	2,066	1,180	3,362	2,607	1,877	1,974	1,341	495
cash flow from financing	30,410	23,528	-253,674	242,838	-7,169	-25,500	-19,482	59,151	3,362	2,607	1,877	1,974	1,341	496
cash and cash equivalents
cash	23,859	27,449	-190,687	535,268	-237,811	-51,115	142,083	-259,413	-141,736	443,849	-151,844	112,910	140,518	197,847
overdraft
change in cash	23,859	27,449	-190,687	535,268	-237,811	-51,115	142,083	-259,413	-141,736	443,849	-151,844	112,910	140,518	197,847

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PATTERSON LAW LIMITED group structure

Patterson Law Limited has no subsidiary companies.

Ultimate parent company

GAME CHANGE LEGAL LIMITED

09706776

1 parent

PATTERSON LAW LIMITED

07188461

PATTERSON LAW LIMITED Shareholders

game change legal limited

100%

Patterson Law Limited currently has 4 directors. The longest serving directors include Ms Dominic Smith (Aug 2017) and Mr Dominic Smith (Aug 2017).

officer	country	age	start	end	role
Ms Dominic Smith	England	37 years	Aug 2017	-	Director
Mr Dominic Smith		37 years	Aug 2017	-	Director
Miss Clare Hudson	England	56 years	Jun 2022	-	Director
Mr Rhodri Davey	England	50 years	Jul 2023	-	Director

P&L

March 2024

turnover

1.7m

-14%

operating profit

121.2k

gross margin

68.9%

-4.97%

turnover

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

Balance Sheet

March 2024

net assets

311.5k

+0.57%

total assets

+0.04%

cash

591.2k

+0.04%

net assets

Total assets minus all liabilities

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3.5

company number

07188461

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

March 2010

ultimate parent company

GAME CHANGE LEGAL LIMITED

previous names

N/A

address

patterson law wharf road, newton abbot, devon, TQ12 2DA

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patterson law limited Company Information

patterson law limited Estimated Valuation

patterson law limited Estimated Valuation

patterson law limited Estimated Valuation

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