majorlaw limited
majorlaw limited Company Information
Company Number
08739618
Website
www.majorlaw.co.ukRegistered Address
51 quarry street, guildford, surrey, GU1 3UA
Industry
Solicitors
Telephone
01483455771
Next Accounts Due
January 2025
Group Structure
View All
Directors
David Major10 Years
Shareholders
david charles major 100%
majorlaw limited Estimated Valuation
Pomanda estimates the enterprise value of MAJORLAW LIMITED at £178.8k based on a Turnover of £470k and 0.38x industry multiple (adjusted for size and gross margin).
majorlaw limited Estimated Valuation
Pomanda estimates the enterprise value of MAJORLAW LIMITED at £0 based on an EBITDA of £-3.2k and a 2.5x industry multiple (adjusted for size and gross margin).
majorlaw limited Estimated Valuation
Pomanda estimates the enterprise value of MAJORLAW LIMITED at £10.9k based on Net Assets of £38k and 0.29x industry multiple (adjusted for liquidity).
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Majorlaw Limited Overview
Majorlaw Limited is a live company located in surrey, GU1 3UA with a Companies House number of 08739618. It operates in the solicitors sector, SIC Code 69102. Founded in October 2013, it's largest shareholder is david charles major with a 100% stake. Majorlaw Limited is a established, micro sized company, Pomanda has estimated its turnover at £470k with healthy growth in recent years.
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Majorlaw Limited Health Check
Pomanda's financial health check has awarded Majorlaw Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £470k, make it smaller than the average company (£1.5m)
- Majorlaw Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6%)
- Majorlaw Limited
6% - Industry AVG
Production
with a gross margin of 43.2%, this company has a higher cost of product (64.1%)
- Majorlaw Limited
64.1% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (8.9%)
- Majorlaw Limited
8.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (25)
2 - Majorlaw Limited
25 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
- Majorlaw Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £235k, this is more efficient (£67.9k)
- Majorlaw Limited
£67.9k - Industry AVG
Debtor Days
it gets paid by customers after 357 days, this is later than average (73 days)
- Majorlaw Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 280 days, this is slower than average (25 days)
- Majorlaw Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Majorlaw Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Majorlaw Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (55.7%)
92.4% - Majorlaw Limited
55.7% - Industry AVG
MAJORLAW LIMITED financials
Majorlaw Limited's latest turnover from April 2023 is estimated at £470 thousand and the company has net assets of £38 thousand. According to their latest financial statements, Majorlaw 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 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 5 | 5 | 6 | 5 | 5 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 37,883 | 71,791 | 107,366 | 143,005 | 178,721 | 2,732 | 3,363 | 4,139 | 5,094 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 211,800 | 247,100 | 282,400 | 335,350 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 37,883 | 71,791 | 107,366 | 143,005 | 178,721 | 214,532 | 250,463 | 286,539 | 340,444 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 68,874 | 17,738 | 79,732 | 43,013 |
| Trade Debtors | 460,289 | 364,067 | 307,347 | 264,121 | 155,069 | 41,030 | 57,778 | 41,439 | 128,339 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 25,906 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 108 | 27,950 | 226 | 4,334 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 460,289 | 364,067 | 307,347 | 264,121 | 155,069 | 135,918 | 103,466 | 121,397 | 175,686 |
| total assets | 498,172 | 435,858 | 414,713 | 407,126 | 333,790 | 350,450 | 353,929 | 407,936 | 516,130 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 37,521 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 31,416 | 0 | 0 |
| Trade Creditors | 204,992 | 332,820 | 262,646 | 253,127 | 183,705 | 0 | 0 | 232,182 | 254,766 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 125,781 | 171,124 | 0 | 0 |
| total current liabilities | 204,992 | 332,820 | 262,646 | 253,127 | 183,705 | 163,302 | 202,540 | 232,182 | 254,766 |
| loans | 0 | 0 | 0 | 0 | 0 | 32,846 | 39,881 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 255,212 | 61,869 | 107,536 | 106,104 | 82,635 | 57,977 | 2,917 | 7,916 | 192,052 |
| provisions | 0 | 0 | 0 | 0 | 0 | 519 | 639 | 828 | 1,019 |
| total long term liabilities | 255,212 | 61,869 | 107,536 | 106,104 | 82,635 | 91,342 | 43,437 | 8,744 | 193,071 |
| total liabilities | 460,204 | 394,689 | 370,182 | 359,231 | 266,340 | 254,644 | 245,977 | 240,926 | 447,837 |
| net assets | 37,968 | 41,169 | 44,531 | 47,895 | 67,450 | 95,806 | 107,952 | 167,010 | 68,293 |
| total shareholders funds | 37,968 | 41,169 | 44,531 | 47,895 | 67,450 | 95,806 | 107,952 | 167,010 | 68,293 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 631 | 776 | 955 | 340 | |||||
| Amortisation | 35,300 | 35,300 | 52,950 | 17,650 | |||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | -68,874 | 51,136 | -61,994 | 79,732 | 43,013 |
| Debtors | 96,222 | 56,720 | 43,226 | 109,052 | 88,133 | 9,158 | 16,339 | 41,439 | 128,339 |
| Creditors | -127,828 | 70,174 | 9,519 | 69,422 | 183,705 | 0 | -232,182 | 232,182 | 254,766 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -125,781 | -45,343 | 171,124 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -519 | -120 | -189 | 828 | 1,019 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -31,416 | 31,416 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -32,846 | -7,035 | 39,881 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 193,343 | -45,667 | 1,432 | 23,469 | 24,658 | 55,060 | -4,999 | 7,916 | 192,052 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | -108 | -27,842 | 27,724 | 226 | 4,334 |
| overdraft | 0 | 0 | 0 | 0 | -37,521 | 37,521 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 37,413 | -65,363 | 27,724 | 226 | 4,334 |
majorlaw limited Credit Report and Business Information
Majorlaw Limited Competitor Analysis
Perform a competitor analysis for majorlaw limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in GU1 area or any other competitors across 12 key performance metrics.
majorlaw limited Ownership
MAJORLAW LIMITED group structure
Majorlaw Limited has no subsidiary companies.
Ultimate parent company
MAJORLAW LIMITED
08739618
majorlaw limited directors
Majorlaw Limited currently has 1 director, Mr David Major serving since Oct 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Major | England | 68 years | Oct 2013 | - | Director |
P&L
April 2023turnover
470k
+23%
operating profit
-3.2k
0%
gross margin
43.3%
+12.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
38k
-0.08%
total assets
498.2k
+0.14%
cash
0
0%
net assets
Total assets minus all liabilities
majorlaw limited company details
company number
08739618
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
October 2013
age
11
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
51 quarry street, guildford, surrey, GU1 3UA
accountant
-
auditor
-
majorlaw 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 found 1 charges/mortgages relating to majorlaw limited. Currently there are 1 open charges and 0 have been satisfied in the past.
majorlaw limited Companies House Filings - See Documents
| date | description | view/download |
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