the probate practice limited
the probate practice limited Company Information
Company Number
07478271
Website
http://nlpca.co.ukRegistered Address
124 finchley road, london, NW3 5JS
Industry
Tax consultancy
Telephone
02074332929
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
joel newman 100%
the probate practice limited Estimated Valuation
Pomanda estimates the enterprise value of THE PROBATE PRACTICE LIMITED at £84.5k based on a Turnover of £93.1k and 0.91x industry multiple (adjusted for size and gross margin).
the probate practice limited Estimated Valuation
Pomanda estimates the enterprise value of THE PROBATE PRACTICE LIMITED at £0 based on an EBITDA of £-86 and a 3.69x industry multiple (adjusted for size and gross margin).
the probate practice limited Estimated Valuation
Pomanda estimates the enterprise value of THE PROBATE PRACTICE LIMITED at £3.1k based on Net Assets of £990 and 3.11x industry multiple (adjusted for liquidity).
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The Probate Practice Limited Overview
The Probate Practice Limited is a live company located in london, NW3 5JS with a Companies House number of 07478271. It operates in the tax consultancy sector, SIC Code 69203. Founded in December 2010, it's largest shareholder is joel newman with a 100% stake. The Probate Practice Limited is a established, micro sized company, Pomanda has estimated its turnover at £93.1k with declining growth in recent years.
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The Probate Practice Limited Health Check
Pomanda's financial health check has awarded The Probate Practice 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
1 Strong
1 Regular
8 Weak
Size
annual sales of £93.1k, make it smaller than the average company (£218.5k)
- The Probate Practice Limited
£218.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (5.4%)
- The Probate Practice Limited
5.4% - Industry AVG
Production
with a gross margin of 37.6%, this company has a higher cost of product (84.1%)
- The Probate Practice Limited
84.1% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (8.9%)
- The Probate Practice Limited
8.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - The Probate Practice Limited
4 - Industry AVG
Pay Structure
on an average salary of £52.4k, the company has an equivalent pay structure (£52.4k)
- The Probate Practice Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £46.5k, this is less efficient (£84.7k)
- The Probate Practice Limited
£84.7k - Industry AVG
Debtor Days
it gets paid by customers after 208 days, this is later than average (87 days)
- The Probate Practice Limited
87 days - Industry AVG
Creditor Days
its suppliers are paid after 327 days, this is slower than average (53 days)
- The Probate Practice Limited
53 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Probate Practice Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Probate Practice Limited
- - 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 (40.7%)
98.1% - The Probate Practice Limited
40.7% - Industry AVG
THE PROBATE PRACTICE LIMITED financials
The Probate Practice Limited's latest turnover from April 2023 is estimated at £93.1 thousand and the company has net assets of £990. According to their latest financial statements, The Probate Practice Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | Dec 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 | 2 | 2 | 2 | 2 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 53,052 | 183,074 | 65,062 | 91,198 | 133,050 | 138,869 | 90,021 | 57,442 | 28,369 | 59,259 | 11,137 | 12,000 |
| Group Debtors | 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 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62,105 | 24,925 | 0 | 36,660 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 53,052 | 183,074 | 65,062 | 91,198 | 133,050 | 138,869 | 90,021 | 119,547 | 53,294 | 59,259 | 47,797 | 12,000 |
| total assets | 53,052 | 183,074 | 65,062 | 91,198 | 133,050 | 138,869 | 90,021 | 119,547 | 53,294 | 59,259 | 47,797 | 12,000 |
| Bank overdraft | 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 |
| Trade Creditors | 52,062 | 181,998 | 63,986 | 90,122 | 106,250 | 53,666 | 50,819 | 80,975 | 26,395 | 37,238 | 29,727 | 11,867 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 52,062 | 181,998 | 63,986 | 90,122 | 106,250 | 53,666 | 50,819 | 80,975 | 26,395 | 37,238 | 29,727 | 11,867 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 55,896 | 0 | 0 | 0 | 0 | 2,000 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 1,654 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 55,896 | 1,654 | 0 | 0 | 0 | 2,000 | 0 |
| total liabilities | 52,062 | 181,998 | 63,986 | 90,122 | 106,250 | 109,562 | 52,473 | 80,975 | 26,395 | 37,238 | 31,727 | 11,867 |
| net assets | 990 | 1,076 | 1,076 | 1,076 | 26,800 | 29,307 | 37,548 | 38,572 | 26,899 | 22,021 | 16,070 | 133 |
| total shareholders funds | 990 | 1,076 | 1,076 | 1,076 | 26,800 | 29,307 | 37,548 | 38,572 | 26,899 | 22,021 | 16,070 | 133 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -130,022 | 118,012 | -26,136 | -41,852 | -5,819 | 48,848 | 32,579 | 29,073 | -30,890 | 48,122 | 11,137 | 12,000 |
| Creditors | -129,936 | 118,012 | -26,136 | -16,128 | 52,584 | 2,847 | -30,156 | 54,580 | -10,843 | 7,511 | 29,727 | 11,867 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -55,896 | 55,896 | 0 | 0 | 0 | -2,000 | 2,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -1,654 | 1,654 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -62,105 | 37,180 | 24,925 | -36,660 | 36,660 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -62,105 | 37,180 | 24,925 | -36,660 | 36,660 | 0 |
the probate practice limited Credit Report and Business Information
The Probate Practice Limited Competitor Analysis
Perform a competitor analysis for the probate practice limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NW3 area or any other competitors across 12 key performance metrics.
the probate practice limited Ownership
THE PROBATE PRACTICE LIMITED group structure
The Probate Practice Limited has no subsidiary companies.
Ultimate parent company
THE PROBATE PRACTICE LIMITED
07478271
the probate practice limited directors
The Probate Practice Limited currently has 2 directors. The longest serving directors include Mr Joel Weitzman (Dec 2010) and Mr Joel Newman (Dec 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joel Weitzman | 56 years | Dec 2010 | - | Director | |
| Mr Joel Newman | 72 years | Dec 2010 | - | Director |
P&L
April 2023turnover
93.1k
-71%
operating profit
-86
0%
gross margin
37.7%
+15.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
990
-0.08%
total assets
53.1k
-0.71%
cash
0
0%
net assets
Total assets minus all liabilities
the probate practice limited company details
company number
07478271
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
December 2010
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
124 finchley road, london, NW3 5JS
Bank
-
Legal Advisor
-
the probate practice 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 the probate practice limited.
the probate practice limited Companies House Filings - See Documents
| date | description | view/download |
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