providence law limited
providence law limited Company Information
Group Structure
View All
Industry
Solicitors
Registered Address
284 clifton drive south, lytham st. annes, lancashire, FY8 1LH
Website
-providence law limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENCE LAW LIMITED at £84.5k based on a Turnover of £171.2k and 0.49x industry multiple (adjusted for size and gross margin).
providence law limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENCE LAW LIMITED at £11.3k based on an EBITDA of £4.4k and a 2.58x industry multiple (adjusted for size and gross margin).
providence law limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENCE LAW LIMITED at £2.7k based on Net Assets of £1.6k and 1.72x industry multiple (adjusted for liquidity).
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Providence Law Limited Overview
Providence Law Limited is a dissolved company that was located in lancashire, FY8 1LH with a Companies House number of 07246109. It operated in the solicitors sector, SIC Code 69102. Founded in May 2010, it's largest shareholder was michael ronan with a 100% stake. The last turnover for Providence Law Limited was estimated at £171.2k.
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Providence Law Limited Health Check
Pomanda's financial health check has awarded Providence Law Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £171.2k, make it smaller than the average company (£903.3k)
- Providence Law Limited
£903.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 194%, show it is growing at a faster rate (3.1%)
- Providence Law Limited
3.1% - Industry AVG
Production
with a gross margin of 37%, this company has a higher cost of product (56.7%)
- Providence Law Limited
56.7% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (11.8%)
- Providence Law Limited
11.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (61)
- Providence Law Limited
61 - Industry AVG
Pay Structure
on an average salary of £29.5k, the company has an equivalent pay structure (£29.5k)
- Providence Law Limited
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £57.1k, this is equally as efficient (£58.4k)
- Providence Law Limited
£58.4k - Industry AVG
Debtor Days
it gets paid by customers after 154 days, this is later than average (62 days)
- Providence Law Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 267 days, this is slower than average (60 days)
- Providence Law Limited
60 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Providence Law Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Providence Law Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.1%, this is a higher level of debt than the average (67.4%)
98.1% - Providence Law Limited
67.4% - Industry AVG
PROVIDENCE LAW LIMITED financials
Providence Law Limited's latest turnover from May 2014 is estimated at £171.2 thousand and the company has net assets of £1.6 thousand. According to their latest financial statements, we estimate that Providence Law Limited has 3 employees and maintains cash reserves of £34 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|
| Tangible Assets | 10,041 | 5,890 | 4,206 | 1,594 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,041 | 5,890 | 4,206 | 1,594 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 72,584 | 49,917 | 10,875 | 2,064 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 34 | 5,607 | 5,297 | 1,453 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 72,618 | 55,524 | 16,172 | 3,517 |
| total assets | 82,659 | 61,414 | 20,378 | 5,111 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 79,090 | 60,614 | 19,735 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 79,090 | 60,614 | 19,735 | 0 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 2,008 | 0 | 0 | 0 |
| total long term liabilities | 2,008 | 0 | 0 | 0 |
| total liabilities | 81,098 | 60,614 | 19,735 | 0 |
| net assets | 1,561 | 800 | 643 | 5,111 |
| total shareholders funds | 1,561 | 800 | 643 | 5,111 |
| May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 3,416 | 728 | 486 | 177 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 22,667 | 39,042 | 8,811 | 2,064 |
| Creditors | 18,476 | 40,879 | 19,735 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 2,008 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -5,573 | 310 | 3,844 | 1,453 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -5,573 | 310 | 3,844 | 1,453 |
providence law limited Credit Report and Business Information
Providence Law Limited Competitor Analysis
Perform a competitor analysis for providence law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in FY8 area or any other competitors across 12 key performance metrics.
providence law limited Ownership
PROVIDENCE LAW LIMITED group structure
Providence Law Limited has no subsidiary companies.
Ultimate parent company
PROVIDENCE LAW LIMITED
07246109
providence law limited directors
Providence Law Limited currently has 1 director, Mr Michael Ronan serving since May 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Ronan | England | 53 years | May 2010 | - | Director |
P&L
May 2014turnover
171.2k
+42%
operating profit
949.2
0%
gross margin
37.1%
+6.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2014net assets
1.6k
+0.95%
total assets
82.7k
+0.35%
cash
34
-0.99%
net assets
Total assets minus all liabilities
Similar Companies
providence law limited company details
company number
07246109
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
May 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
May 2014
previous names
N/A
accountant
-
auditor
-
address
284 clifton drive south, lytham st. annes, lancashire, FY8 1LH
Bank
-
Legal Advisor
-
providence law 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 providence law limited.
providence law 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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providence law limited Companies House Filings - See Documents
| date | description | view/download |
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