mcmillan williams solicitors ltd
mcmillan williams solicitors ltd Company Information
Company Number
08718037
Next Accounts
1358 days late
Industry
Solicitors
Shareholders
john gordon sandford mcmillan
bgf nominees ltd
View AllGroup Structure
View All
Contact
Registered Address
3rd floor 37 frederick place, brighton, BN1 4EA
mcmillan williams solicitors ltd Estimated Valuation
Pomanda estimates the enterprise value of MCMILLAN WILLIAMS SOLICITORS LTD at £39.3m based on a Turnover of £31.4m and 1.25x industry multiple (adjusted for size and gross margin).
mcmillan williams solicitors ltd Estimated Valuation
Pomanda estimates the enterprise value of MCMILLAN WILLIAMS SOLICITORS LTD at £10.8m based on an EBITDA of £1.6m and a 6.8x industry multiple (adjusted for size and gross margin).
mcmillan williams solicitors ltd Estimated Valuation
Pomanda estimates the enterprise value of MCMILLAN WILLIAMS SOLICITORS LTD at £2.5m based on Net Assets of £1.6m and 1.56x industry multiple (adjusted for liquidity).
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Mcmillan Williams Solicitors Ltd Overview
Mcmillan Williams Solicitors Ltd is a live company located in brighton, BN1 4EA with a Companies House number of 08718037. It operates in the solicitors sector, SIC Code 69102. Founded in October 2013, it's largest shareholder is john gordon sandford mcmillan with a 37.5% stake. Mcmillan Williams Solicitors Ltd is a established, large sized company, Pomanda has estimated its turnover at £31.4m with low growth in recent years.
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Mcmillan Williams Solicitors Ltd Health Check
Pomanda's financial health check has awarded Mcmillan Williams Solicitors Ltd a 2.5 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
4 Strong
1 Regular
5 Weak
Size
annual sales of £31.4m, make it larger than the average company (£1m)
£31.4m - Mcmillan Williams Solicitors Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.7%)
3% - Mcmillan Williams Solicitors Ltd
5.7% - Industry AVG
Production
with a gross margin of 96.6%, this company has a lower cost of product (61.5%)
96.6% - Mcmillan Williams Solicitors Ltd
61.5% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (7%)
1% - Mcmillan Williams Solicitors Ltd
7% - Industry AVG
Employees
with 422 employees, this is above the industry average (18)
422 - Mcmillan Williams Solicitors Ltd
18 - Industry AVG
Pay Structure
on an average salary of £51.7k, the company has a higher pay structure (£34.3k)
£51.7k - Mcmillan Williams Solicitors Ltd
£34.3k - Industry AVG
Efficiency
resulting in sales per employee of £74.5k, this is equally as efficient (£66.9k)
£74.5k - Mcmillan Williams Solicitors Ltd
£66.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mcmillan Williams Solicitors Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 1117 days, this is slower than average (37 days)
1117 days - Mcmillan Williams Solicitors Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mcmillan Williams Solicitors Ltd
- - 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 - Mcmillan Williams Solicitors Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.7%, this is a higher level of debt than the average (61.7%)
92.7% - Mcmillan Williams Solicitors Ltd
61.7% - Industry AVG
MCMILLAN WILLIAMS SOLICITORS LTD financials
Mcmillan Williams Solicitors Ltd's latest turnover from April 2019 is £31.4 million and the company has net assets of £1.6 million. According to their latest financial statements, Mcmillan Williams Solicitors Ltd has 422 employees and maintains cash reserves of £38 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Oct 2014 | |
|---|---|---|---|---|---|
| Turnover | 31,428,000 | 31,256,000 | 27,355,000 | 28,962,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 1,068,000 | 908,000 | 690,000 | 771,000 | |
| Gross Profit | 30,360,000 | 30,348,000 | 26,665,000 | 28,191,000 | |
| Admin Expenses | 30,048,000 | 31,330,000 | 28,069,000 | 27,476,000 | |
| Operating Profit | 312,000 | -982,000 | -1,404,000 | 715,000 | |
| Interest Payable | 1,993,000 | 1,333,000 | 1,171,000 | 584,000 | |
| Interest Receivable | 633,000 | 452,000 | 529,000 | 774,000 | |
| Pre-Tax Profit | -1,681,000 | -2,315,000 | -2,046,000 | 905,000 | |
| Tax | -2,000 | 83,000 | 252,000 | -208,000 | |
| Profit After Tax | -1,683,000 | -2,232,000 | -1,794,000 | 697,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | -1,683,000 | -2,232,000 | -1,794,000 | 697,000 | |
| Employee Costs | 21,818,000 | 24,054,000 | 20,809,000 | 20,075,000 | |
| Number Of Employees | 422 | 467 | 436 | 353 | |
| EBITDA* | 1,593,000 | 214,000 | -296,000 | 1,649,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Oct 2014 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,254,000 | 2,440,000 | 2,474,000 | 2,441,000 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,254,000 | 2,440,000 | 2,474,000 | 2,441,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,353,000 | 5,230,000 | 4,917,000 | 2,782,000 | 0 |
| Cash | 38,000 | 0 | 233,000 | 490,000 | 0 |
| misc current assets | 14,305,000 | 12,376,000 | 10,931,000 | 9,258,000 | 0 |
| total current assets | 19,696,000 | 17,606,000 | 16,081,000 | 12,530,000 | 0 |
| total assets | 21,950,000 | 20,046,000 | 18,555,000 | 14,971,000 | 0 |
| Bank overdraft | 4,179,000 | 5,059,000 | 4,182,000 | 2,800,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,270,000 | 3,025,000 | 1,507,000 | 382,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,083,000 | 3,062,000 | 2,786,000 | 3,286,000 | 0 |
| total current liabilities | 10,532,000 | 11,146,000 | 8,475,000 | 6,468,000 | 0 |
| loans | 9,809,000 | 5,608,000 | 5,128,000 | 5,139,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,809,000 | 5,608,000 | 5,128,000 | 5,139,000 | 0 |
| total liabilities | 20,341,000 | 16,754,000 | 13,603,000 | 11,607,000 | 0 |
| net assets | 1,609,000 | 3,292,000 | 4,952,000 | 3,364,000 | 0 |
| total shareholders funds | 1,609,000 | 3,292,000 | 4,952,000 | 3,364,000 | 0 |
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Oct 2014 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 312,000 | -982,000 | -1,404,000 | 715,000 | |
| Depreciation | 1,281,000 | 1,196,000 | 1,108,000 | 934,000 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | -2,000 | 83,000 | 252,000 | -208,000 | |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 123,000 | 313,000 | 2,135,000 | 2,782,000 | 0 |
| Creditors | 245,000 | 1,518,000 | 1,125,000 | 382,000 | 0 |
| Accruals and Deferred Income | 21,000 | 276,000 | -500,000 | 3,286,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,734,000 | 1,778,000 | -1,554,000 | 2,327,000 | |
| Investing Activities | |||||
| capital expenditure | -1,095,000 | -1,162,000 | -1,141,000 | -1,215,000 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,095,000 | -1,162,000 | -1,141,000 | -1,215,000 | |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 4,201,000 | 480,000 | -11,000 | 5,139,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -1,360,000 | -881,000 | -642,000 | 190,000 | |
| cash flow from financing | 2,841,000 | 171,000 | 2,729,000 | 7,996,000 | |
| cash and cash equivalents | |||||
| cash | 38,000 | -233,000 | -257,000 | 490,000 | 0 |
| overdraft | -880,000 | 877,000 | 1,382,000 | 2,800,000 | 0 |
| change in cash | 918,000 | -1,110,000 | -1,639,000 | -2,310,000 | 0 |
mcmillan williams solicitors ltd Credit Report and Business Information
Mcmillan Williams Solicitors Ltd Competitor Analysis
Perform a competitor analysis for mcmillan williams solicitors ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in BN1 area or any other competitors across 12 key performance metrics.
mcmillan williams solicitors ltd Ownership
MCMILLAN WILLIAMS SOLICITORS LTD group structure
Mcmillan Williams Solicitors Ltd has no subsidiary companies.
Ultimate parent company
MCMILLAN WILLIAMS SOLICITORS LTD
08718037
mcmillan williams solicitors ltd directors
Mcmillan Williams Solicitors Ltd currently has 4 directors. The longest serving directors include Mr Dominic Harrison (Jan 2018) and Mr John McMillan (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dominic Harrison | England | 62 years | Jan 2018 | - | Director |
| Mr John McMillan | United Kingdom | 70 years | May 2018 | - | Director |
| Ms Jasbir Sangha | 53 years | Jan 2020 | - | Director | |
| Ms Jasbir Sangha | England | 53 years | Jan 2020 | - | Director |
P&L
April 2019turnover
31.4m
+1%
operating profit
312k
-132%
gross margin
96.7%
-0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2019net assets
1.6m
-0.51%
total assets
22m
+0.09%
cash
38k
0%
net assets
Total assets minus all liabilities
mcmillan williams solicitors ltd company details
company number
08718037
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
October 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2019
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
3rd floor 37 frederick place, brighton, BN1 4EA
Bank
BARCLAYS BANK PLC
Legal Advisor
-
mcmillan williams solicitors ltd 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 found 4 charges/mortgages relating to mcmillan williams solicitors ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
mcmillan williams solicitors ltd 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.
Click to start generating capital raising & share issue transactions for MCMILLAN WILLIAMS SOLICITORS LTD. This can take several minutes, an email will notify you when this has completed.
mcmillan williams solicitors ltd Companies House Filings - See Documents
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