my legal limited

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my legal limited Company Information

Share MY LEGAL LIMITED

Company Number

09161782

Shareholders

zubair ahmed awan

muhammad ibrahim leghari

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Group Structure

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Industry

Solicitors

 

Registered Address

the old post office, old post office lane, maidenhead, SL6 1QY

my legal limited Estimated Valuation

£263.9k

Pomanda estimates the enterprise value of MY LEGAL LIMITED at £263.9k based on a Turnover of £576.9k and 0.46x industry multiple (adjusted for size and gross margin).

my legal limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MY LEGAL LIMITED at £0 based on an EBITDA of £-80 and a 2.79x industry multiple (adjusted for size and gross margin).

my legal limited Estimated Valuation

£1.8k

Pomanda estimates the enterprise value of MY LEGAL LIMITED at £1.8k based on Net Assets of £1k and 1.74x industry multiple (adjusted for liquidity).

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My Legal Limited Overview

My Legal Limited is a live company located in maidenhead, SL6 1QY with a Companies House number of 09161782. It operates in the solicitors sector, SIC Code 69102. Founded in August 2014, it's largest shareholder is zubair ahmed awan with a 50% stake. My Legal Limited is a established, small sized company, Pomanda has estimated its turnover at £576.9k with healthy growth in recent years.

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My Legal Limited Health Check

Pomanda's financial health check has awarded My Legal 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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £576.9k, make it smaller than the average company (£1.2m)

£576.9k - My Legal Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.4%)

5% - My Legal Limited

6.4% - Industry AVG

production

Production

with a gross margin of 40.1%, this company has a higher cost of product (69.9%)

40.1% - My Legal Limited

69.9% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (8%)

0% - My Legal Limited

8% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (15)

6 - My Legal Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.8k, the company has an equivalent pay structure (£38.8k)

£38.8k - My Legal Limited

£38.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £96.2k, this is more efficient (£70.8k)

£96.2k - My Legal Limited

£70.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 283 days, this is later than average (69 days)

283 days - My Legal Limited

69 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 487 days, this is slower than average (33 days)

487 days - My Legal Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - My Legal Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - My Legal Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.8%, this is a higher level of debt than the average (54.8%)

99.8% - My Legal Limited

54.8% - Industry AVG

MY LEGAL LIMITED financials

EXPORTms excel logo

My Legal Limited's latest turnover from August 2023 is estimated at £576.9 thousand and the company has net assets of £1 thousand. According to their latest financial statements, My Legal Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015
Turnover576,919885,2631,201,161503,612497,379372,103294,1195,0326,018
Other Income Or Grants
Cost Of Sales345,861513,059765,616318,878299,937228,632166,8792,7683,650
Gross Profit231,057372,204435,545184,735197,442143,471127,2412,2642,368
Admin Expenses231,137371,705437,778184,579204,110132,362135,1101,807-7,369
Operating Profit-80499-2,233156-6,66811,109-7,8694579,737
Interest Payable
Interest Receivable779944
Pre-Tax Profit-80499-2,233156-6,66811,109-7,7925569,781
Tax-95-30-2,111-111-1,956
Profit After Tax-80404-2,233126-6,6688,998-7,7924457,825
Dividends Paid
Retained Profit-80404-2,233126-6,6688,998-7,7924457,825
Employee Costs232,520176,649232,075132,711136,333158,747121,43030,22630,720
Number Of Employees657445411
EBITDA*-80499-2,233156-6,66811,109-7,8692,9849,737

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015
Tangible Assets15,4857,0979,46311,8996,0297,6667,7689,771
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets15,4857,0979,46311,8996,0297,6667,7689,771
Stock & work in progress
Trade Debtors447,771812,233973,512354,565393,892161,359126,3151,510
Group Debtors
Misc Debtors
Cash61,51617,648
misc current assets
total current assets447,771812,233973,512354,565393,892161,359126,31563,02617,648
total assets463,256819,330982,975366,464399,921169,025134,08372,79717,648
Bank overdraft
Bank loan
Trade Creditors 462,231818,225982,274363,530347,113109,54983,60514,4279,822
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities462,231818,225982,274363,530347,113109,54983,60514,4279,822
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities50,00050,000
provisions50,00050,000
total long term liabilities50,00050,00050,00050,000
total liabilities462,231818,225982,274363,530397,113159,549133,60564,4279,822
net assets1,0251,1057012,9342,8089,4764788,3707,826
total shareholders funds1,0251,1057012,9342,8089,4764788,3707,826
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015
Operating Activities
Operating Profit-80499-2,233156-6,66811,109-7,8694579,737
Depreciation2,527
Amortisation
Tax-95-30-2,111-111-1,956
Stock
Debtors-364,462-161,279618,947-39,327232,53335,044124,8051,510
Creditors-355,994-164,049618,74416,417237,56425,94469,1784,6059,822
Accruals and Deferred Income
Deferred Taxes & Provisions-50,00050,000
Cash flow from operations8,388-2,366-2,43655,870-1,637-50,102-63,49655,96817,603
Investing Activities
capital expenditure-8,3882,3662,436-5,8701,6371022,003-12,298
Change in Investments
cash flow from investments-8,3882,3662,436-5,8701,6371022,003-12,298
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-50,00050,000
share issue-100991
interest779944
cash flow from financing-50,00050,000-2319845
cash and cash equivalents
cash-61,51643,86817,648
overdraft
change in cash-61,51643,86817,648

my legal limited 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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My Legal Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for my legal limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SL6 area or any other competitors across 12 key performance metrics.

my legal limited Ownership

MY LEGAL LIMITED group structure

My Legal Limited has no subsidiary companies.

Ultimate parent company

MY LEGAL LIMITED

09161782

MY LEGAL LIMITED Shareholders

zubair ahmed awan 50%
muhammad ibrahim leghari 36%
muhammad yaqub 14%

my legal limited directors

My Legal Limited currently has 3 directors. The longest serving directors include Mr Muhammad Yaqub (Aug 2014) and Mr Muhammad Leghari (Aug 2014).

officercountryagestartendrole
Mr Muhammad YaqubEngland48 years Aug 2014- Director
Mr Muhammad LeghariEngland50 years Aug 2014- Director
Mr Zubair AwanEngland45 years Aug 2019- Director

P&L

August 2023

turnover

576.9k

-35%

operating profit

-80

0%

gross margin

40.1%

-4.74%

turnover

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

Balance Sheet

August 2023

net assets

1k

-0.07%

total assets

463.3k

-0.43%

cash

0

0%

net assets

Total assets minus all liabilities

my legal limited company details

company number

09161782

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

August 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

August 2023

previous names

myl limited (September 2015)

accountant

-

auditor

-

address

the old post office, old post office lane, maidenhead, SL6 1QY

Bank

-

Legal Advisor

-

my legal 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 my legal limited.

my legal 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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my legal limited Companies House Filings - See Documents

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