shoreside law ltd

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shoreside law ltd Company Information

Share SHORESIDE LAW LTD

Company Number

09478922

Shareholders

keoghs llp

Group Structure

View All

Industry

Solicitors

 

Registered Address

5 st. helen's place, london, EC3A 6AB

shoreside law ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of SHORESIDE LAW LTD at £1.2m based on a Turnover of £2m and 0.6x industry multiple (adjusted for size and gross margin).

shoreside law ltd Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of SHORESIDE LAW LTD at £3.4m based on an EBITDA of £930.5k and a 3.65x industry multiple (adjusted for size and gross margin).

shoreside law ltd Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of SHORESIDE LAW LTD at £3.3m based on Net Assets of £1.9m and 1.74x industry multiple (adjusted for liquidity).

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Shoreside Law Ltd Overview

Shoreside Law Ltd is a live company located in london, EC3A 6AB with a Companies House number of 09478922. It operates in the solicitors sector, SIC Code 69102. Founded in March 2015, it's largest shareholder is keoghs llp with a 100% stake. Shoreside Law Ltd is a established, small sized company, Pomanda has estimated its turnover at £2m with rapid growth in recent years.

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Shoreside Law Ltd Health Check

Pomanda's financial health check has awarded Shoreside Law 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

2 Regular

positive_score

2 Weak

size

Size

annual sales of £2m, make it larger than the average company (£1.3m)

£2m - Shoreside Law Ltd

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (7.6%)

45% - Shoreside Law Ltd

7.6% - Industry AVG

production

Production

with a gross margin of 68.9%, this company has a comparable cost of product (68.9%)

68.9% - Shoreside Law Ltd

68.9% - Industry AVG

profitability

Profitability

an operating margin of 45.8% make it more profitable than the average company (10%)

45.8% - Shoreside Law Ltd

10% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (21)

7 - Shoreside Law Ltd

21 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.9k, the company has an equivalent pay structure (£40.9k)

£40.9k - Shoreside Law Ltd

£40.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £288.4k, this is more efficient (£73.3k)

£288.4k - Shoreside Law Ltd

£73.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 141 days, this is later than average (65 days)

141 days - Shoreside Law Ltd

65 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Shoreside Law Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Shoreside Law Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (23 weeks)

52 weeks - Shoreside Law Ltd

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 23.1%, this is a lower level of debt than the average (50.5%)

23.1% - Shoreside Law Ltd

50.5% - Industry AVG

SHORESIDE LAW LTD financials

EXPORTms excel logo

Shoreside Law Ltd's latest turnover from June 2024 is estimated at £2 million and the company has net assets of £1.9 million. According to their latest financial statements, Shoreside Law Ltd has 7 employees and maintains cash reserves of £586 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Turnover2,018,5261,753,9101,734,818659,6861,563,9381,579,468500,307617,734485,621
Other Income Or Grants
Cost Of Sales628,374482,865573,683277,491596,675575,214150,408194,690193,087
Gross Profit1,390,1511,271,0451,161,135382,195967,2631,004,254349,898423,044292,534
Admin Expenses466,4831,081,548831,73492,712921,129706,937418,499360,648-37,528
Operating Profit923,668189,497329,401289,48346,134297,317-68,60162,396330,062
Interest Payable
Interest Receivable34,23528,9984,371411207836814481430
Pre-Tax Profit957,903218,495333,772289,89446,341298,153-67,78762,878330,491
Tax-239,476-41,514-63,417-55,080-8,805-56,649-12,575-66,098
Profit After Tax718,427176,981270,355234,81437,536241,504-67,78750,302264,393
Dividends Paid
Retained Profit718,427176,981270,355234,81437,536241,504-67,78750,302264,393
Employee Costs285,983254,561232,273219,127193,818187,303149,684147,11360,177
Number Of Employees777766552
EBITDA*930,527197,122334,636294,40047,476300,236-66,32064,254331,253

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Tangible Assets12,1657,57710,5339,6343,0023,0093,8185,272
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets12,1657,57710,5339,6343,0023,0093,8185,272
Stock & work in progress
Trade Debtors784,945589,882639,433158,087523,647494,382121,802183,339185,259
Group Debtors1,130,097316,105104,949374,724
Misc Debtors5,63527,78745,40226,04623,23198,147107,22132,29138,164
Cash585,990718,204646,410519,213302,659110,614112,391213,162171,804
misc current assets
total current assets2,506,6671,651,9781,436,1941,078,070849,537703,143341,414428,792395,227
total assets2,506,6671,664,1431,443,7711,088,603859,171706,145344,423432,610400,499
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities579,842452,745410,567325,540331,093217,43396,909116,966134,752
total current liabilities579,842452,745410,567325,540331,093217,43396,909116,966134,752
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions3,0001,7872,0011,8303066491,054
total long term liabilities3,0001,7872,0011,8303066491,054
total liabilities579,842455,745412,354327,541332,923217,43397,215117,615135,806
net assets1,926,8251,208,3981,031,417761,062526,248488,712247,208314,995264,693
total shareholders funds1,926,8251,208,3981,031,417761,062526,248488,712247,208314,995264,693
Jun 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Operating Activities
Operating Profit923,668189,497329,401289,48346,134297,317-68,60162,396330,062
Depreciation6,8597,6255,2354,9171,3422,9192,2811,8581,191
Amortisation
Tax-239,476-41,514-63,417-55,080-8,805-56,649-12,575-66,098
Stock
Debtors986,903143,990230,92711,979-45,651363,50613,393-7,793223,423
Creditors
Accruals and Deferred Income127,09742,17885,027-5,553113,660120,524-20,057-17,786134,752
Deferred Taxes & Provisions-3,0001,213-2141711,830-306-343-4051,054
Cash flow from operations-171,75555,009125,105221,959199,812299-100,11341,281177,538
Investing Activities
capital expenditure5,306-12,213-2,279-5,816-7,974-2,912-1,472-404-6,463
Change in Investments
cash flow from investments5,306-12,213-2,279-5,816-7,974-2,912-1,472-404-6,463
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue300
interest34,23528,9984,371411207836814481430
cash flow from financing34,23528,9984,371411207836814481730
cash and cash equivalents
cash-132,21471,794127,197216,554192,045-1,777-100,77141,358171,804
overdraft
change in cash-132,21471,794127,197216,554192,045-1,777-100,77141,358171,804

shoreside law 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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Shoreside Law Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for shoreside law ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EC3A area or any other competitors across 12 key performance metrics.

shoreside law ltd Ownership

SHORESIDE LAW LTD group structure

Shoreside Law Ltd has no subsidiary companies.

Ultimate parent company

1 parent

SHORESIDE LAW LTD

09478922

SHORESIDE LAW LTD Shareholders

keoghs llp 100%

shoreside law ltd directors

Shoreside Law Ltd currently has 8 directors. The longest serving directors include Ms Allison Carr (Mar 2024) and Mr Gary Fitzpatrick (Mar 2024).

officercountryagestartendrole
Ms Allison CarrUnited Kingdom54 years Mar 2024- Director
Mr Gary FitzpatrickUnited Kingdom54 years Mar 2024- Director
Mr Peter MavroghenisEngland54 years Mar 2024- Director
Mr Jack Hatcher41 years Mar 2024- Director
Mr Andrew Johnson70 years Mar 2024- Director
Ms Mary PrenticeEngland48 years Mar 2024- Director
Mr Russell BadrickEngland39 years Mar 2024- Director
Mr Peter MavroghenisEngland53 years Mar 2024- Director

P&L

June 2024

turnover

2m

+15%

operating profit

923.7k

0%

gross margin

68.9%

-4.97%

turnover

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

Balance Sheet

June 2024

net assets

1.9m

+0.59%

total assets

2.5m

+0.51%

cash

586k

-0.18%

net assets

Total assets minus all liabilities

shoreside law ltd company details

company number

09478922

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

March 2015

age

10

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

June 2024

previous names

waterside legal ltd (June 2015)

accountant

-

auditor

-

address

5 st. helen's place, london, EC3A 6AB

Bank

-

Legal Advisor

-

shoreside law 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 shoreside law ltd.

shoreside law 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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shoreside law ltd Companies House Filings - See Documents

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