united legal assistance ltd.

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united legal assistance ltd. Company Information

Share UNITED LEGAL ASSISTANCE LTD.

Company Number

08934259

Directors

Adam Hughes

Gavin Hughes

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Shareholders

peter james mitchell

adam hughes

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Group Structure

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Industry

Activities of insurance agents and brokers

 

Registered Address

130c 130c lord street, southport, PR9 0AE

united legal assistance ltd. Estimated Valuation

£7.8m

Pomanda estimates the enterprise value of UNITED LEGAL ASSISTANCE LTD. at £7.8m based on a Turnover of £7.2m and 1.08x industry multiple (adjusted for size and gross margin).

united legal assistance ltd. Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of UNITED LEGAL ASSISTANCE LTD. at £4.9m based on an EBITDA of £809.6k and a 6.03x industry multiple (adjusted for size and gross margin).

united legal assistance ltd. Estimated Valuation

£5m

Pomanda estimates the enterprise value of UNITED LEGAL ASSISTANCE LTD. at £5m based on Net Assets of £2.9m and 1.72x industry multiple (adjusted for liquidity).

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United Legal Assistance Ltd. Overview

United Legal Assistance Ltd. is a live company located in southport, PR9 0AE with a Companies House number of 08934259. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in March 2014, it's largest shareholder is peter james mitchell with a 33.3% stake. United Legal Assistance Ltd. is a established, mid sized company, Pomanda has estimated its turnover at £7.2m with rapid growth in recent years.

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United Legal Assistance Ltd. Health Check

Pomanda's financial health check has awarded United Legal Assistance Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £7.2m, make it larger than the average company (£2.3m)

£7.2m - United Legal Assistance Ltd.

£2.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (7.3%)

56% - United Legal Assistance Ltd.

7.3% - Industry AVG

production

Production

with a gross margin of 96.9%, this company has a comparable cost of product (96.9%)

96.9% - United Legal Assistance Ltd.

96.9% - Industry AVG

profitability

Profitability

an operating margin of 11% make it less profitable than the average company (19.7%)

11% - United Legal Assistance Ltd.

19.7% - Industry AVG

employees

Employees

with 60 employees, this is above the industry average (17)

60 - United Legal Assistance Ltd.

17 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - United Legal Assistance Ltd.

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £119.9k, this is equally as efficient (£119.7k)

£119.9k - United Legal Assistance Ltd.

£119.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 85 days, this is later than average (68 days)

85 days - United Legal Assistance Ltd.

68 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 478 days, this is slower than average (151 days)

478 days - United Legal Assistance Ltd.

151 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - United Legal Assistance Ltd.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (32 weeks)

73 weeks - United Legal Assistance Ltd.

32 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22%, this is a lower level of debt than the average (55.2%)

22% - United Legal Assistance Ltd.

55.2% - Industry AVG

UNITED LEGAL ASSISTANCE LTD. financials

EXPORTms excel logo

United Legal Assistance Ltd.'s latest turnover from March 2024 is estimated at £7.2 million and the company has net assets of £2.9 million. According to their latest financial statements, United Legal Assistance Ltd. has 60 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover7,193,1793,521,5303,583,5451,912,6732,557,8201,722,0091,519,590141,719153,784216,916
Other Income Or Grants
Cost Of Sales219,814123,474200,459233,694314,376220,653177,70620,80328,51851,956
Gross Profit6,973,3653,398,0573,383,0861,678,9792,243,4451,501,3561,341,884120,917125,266164,959
Admin Expenses6,181,8283,217,4902,405,764813,4822,091,1341,242,5541,054,08665,796125,689164,510
Operating Profit791,537180,567977,322865,497152,311258,802287,79855,121-423449
Interest Payable13342997411
Interest Receivable50,18648,99710,9358936785,4801,64919813836
Pre-Tax Profit841,589229,564988,257866,348152,890264,207289,43655,319-285485
Tax-210,397-43,617-187,769-164,606-29,049-50,199-54,993-11,064-102
Profit After Tax631,192185,947800,488701,742123,841214,008234,44344,255-285383
Dividends Paid
Retained Profit631,192185,947800,488701,742123,841214,008234,44344,255-285383
Employee Costs3,234,7061,794,0852,181,6081,441,8031,945,2141,145,9311,134,23887,20385,684126,404
Number Of Employees60374529422626223
EBITDA*809,622199,788994,837882,429169,011275,094291,30459,0651,1401,191

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets221,2272,3337,18223,79034,53948,52034,18626,8235,0426,632
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets221,2272,3337,18223,79034,53948,52034,18626,8235,0426,632
Stock & work in progress
Trade Debtors1,682,944677,537423,120109,06459,393129,33939,24232,99034,32051,727
Group Debtors
Misc Debtors687,8801,198,589554,328184,319218,0609,91814,92126,298
Cash1,172,709739,1201,566,6381,349,246436,200919,118542,261117,22940,89414,443
misc current assets4,4774,778
total current assets3,543,5332,619,7232,548,8641,642,629713,6531,058,375596,424176,51775,21466,170
total assets3,764,7602,622,0562,556,0461,666,419748,1921,106,895630,610203,34080,25672,802
Bank overdraft2,3611,3731,871331
Bank loan
Trade Creditors 288,16092,187153,05715,93635,324216,36349,71343,21879,14763,010
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities537,781224,600282,747327,57388,284386,857295,272110,670
total current liabilities828,302316,787435,804343,509124,981605,091345,316153,88879,14763,010
loans
hp & lease commitments
Accruals and Deferred Income3,083
other liabilities
provisions4414441,3644,5206,5638,9976,4955,0961,0081,326
total long term liabilities4414441,3644,5206,5638,9976,4955,0961,0084,409
total liabilities828,743317,231437,168348,029131,544614,088351,811158,98480,15567,419
net assets2,936,0172,304,8252,118,8781,318,390616,648492,807278,79944,3561015,383
total shareholders funds2,936,0172,304,8252,118,8781,318,390616,648492,807278,79944,3561015,383
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit791,537180,567977,322865,497152,311258,802287,79855,121-423449
Depreciation18,08519,22117,51516,93216,70016,2923,5063,9441,563742
Amortisation
Tax-210,397-43,617-187,769-164,606-29,049-50,199-54,993-11,064-102
Stock
Debtors494,698898,678684,06515,930138,19685,094-5,12524,968-17,40751,727
Creditors195,973-60,870137,121-19,388-181,039166,6506,495-35,92916,13763,010
Accruals and Deferred Income313,181-58,147-44,826239,289-298,57391,585184,602110,670-3,0833,083
Deferred Taxes & Provisions-3-920-3,156-2,043-2,4342,5021,3994,088-3181,326
Cash flow from operations613,678-862,444212,142919,751-480,280400,538433,932101,86231,28316,781
Investing Activities
capital expenditure-236,979-14,372-907-6,183-2,719-30,626-10,869-25,72527-7,374
Change in Investments
cash flow from investments-236,979-14,372-907-6,183-2,719-30,626-10,869-25,72527-7,374
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-4,9975,000
interest50,05348,99710,9358515795,4061,63819813836
cash flow from financing50,05348,99710,9358515795,4061,638198-4,8595,036
cash and cash equivalents
cash433,589-827,518217,392913,046-482,918376,857425,03276,33526,45114,443
overdraft2,361-1,373-4981,540331
change in cash431,228-827,518217,392914,419-482,420375,317424,70176,33526,45114,443

united legal assistance ltd. Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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United Legal Assistance Ltd. Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for united legal assistance ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in PR9 area or any other competitors across 12 key performance metrics.

united legal assistance ltd. Ownership

UNITED LEGAL ASSISTANCE LTD. group structure

United Legal Assistance Ltd. has no subsidiary companies.

Ultimate parent company

UNITED LEGAL ASSISTANCE LTD.

08934259

UNITED LEGAL ASSISTANCE LTD. Shareholders

peter james mitchell 33.33%
adam hughes 33.33%
gavin hughes 33.33%

united legal assistance ltd. directors

United Legal Assistance Ltd. currently has 3 directors. The longest serving directors include Mr Adam Hughes (Mar 2015) and Mr Gavin Hughes (Mar 2015).

officercountryagestartendrole
Mr Adam HughesEngland39 years Mar 2015- Director
Mr Gavin HughesEngland38 years Mar 2015- Director
Mr Peter MitchellEngland35 years Dec 2019- Director

P&L

March 2024

turnover

7.2m

+104%

operating profit

791.5k

0%

gross margin

97%

+0.47%

turnover

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

Balance Sheet

March 2024

net assets

2.9m

+0.27%

total assets

3.8m

+0.44%

cash

1.2m

+0.59%

net assets

Total assets minus all liabilities

united legal assistance ltd. company details

company number

08934259

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

March 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

VISION ACCOUNTANCY SERVICES

auditor

-

address

130c 130c lord street, southport, PR9 0AE

Bank

-

Legal Advisor

-

united legal assistance 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 did not find charges/mortgages relating to united legal assistance ltd..

united legal assistance 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.

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united legal assistance ltd. Companies House Filings - See Documents

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