lifetime wills & trusts limited
lifetime wills & trusts limited Company Information
Company Number
09520203
Next Accounts
Dec 2025
Shareholders
fink lifetime ltd
debra ann mcknight
View AllGroup Structure
View All
Industry
Solicitors
Registered Address
unit 3, south view business park, tinwel, stamford, PE9 2JL
Website
www.lifetimesolicitors.co.uklifetime wills & trusts limited Estimated Valuation
Pomanda estimates the enterprise value of LIFETIME WILLS & TRUSTS LIMITED at £395.1k based on a Turnover of £686.3k and 0.58x industry multiple (adjusted for size and gross margin).
lifetime wills & trusts limited Estimated Valuation
Pomanda estimates the enterprise value of LIFETIME WILLS & TRUSTS LIMITED at £0 based on an EBITDA of £-384.6k and a 3.51x industry multiple (adjusted for size and gross margin).
lifetime wills & trusts limited Estimated Valuation
Pomanda estimates the enterprise value of LIFETIME WILLS & TRUSTS LIMITED at £0 based on Net Assets of £-1.6m and 1.74x industry multiple (adjusted for liquidity).
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Lifetime Wills & Trusts Limited Overview
Lifetime Wills & Trusts Limited is a live company located in stamford, PE9 2JL with a Companies House number of 09520203. It operates in the solicitors sector, SIC Code 69102. Founded in March 2015, it's largest shareholder is fink lifetime ltd with a 50% stake. Lifetime Wills & Trusts Limited is a established, small sized company, Pomanda has estimated its turnover at £686.3k with declining growth in recent years.
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Lifetime Wills & Trusts Limited Health Check
Pomanda's financial health check has awarded Lifetime Wills & Trusts 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
3 Regular
6 Weak
Size
annual sales of £686.3k, make it smaller than the average company (£1.1m)
- Lifetime Wills & Trusts Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (7%)
- Lifetime Wills & Trusts Limited
7% - Industry AVG
Production
with a gross margin of 67.4%, this company has a comparable cost of product (67.4%)
- Lifetime Wills & Trusts Limited
67.4% - Industry AVG
Profitability
an operating margin of -56.7% make it less profitable than the average company (9.4%)
- Lifetime Wills & Trusts Limited
9.4% - Industry AVG
Employees
with 15 employees, this is similar to the industry average (16)
15 - Lifetime Wills & Trusts Limited
16 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has an equivalent pay structure (£38.4k)
- Lifetime Wills & Trusts Limited
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £45.8k, this is less efficient (£68.5k)
- Lifetime Wills & Trusts Limited
£68.5k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (62 days)
- Lifetime Wills & Trusts Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 296 days, this is slower than average (25 days)
- Lifetime Wills & Trusts Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lifetime Wills & Trusts Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (32 weeks)
0 weeks - Lifetime Wills & Trusts Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 826.9%, this is a higher level of debt than the average (45.6%)
826.9% - Lifetime Wills & Trusts Limited
45.6% - Industry AVG
LIFETIME WILLS & TRUSTS LIMITED financials
Lifetime Wills & Trusts Limited's latest turnover from March 2024 is estimated at £686.3 thousand and the company has net assets of -£1.6 million. According to their latest financial statements, Lifetime Wills & Trusts Limited has 15 employees and maintains cash reserves of £9.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 15 | 21 | 26 | 26 | 24 | 20 | 15 | 8 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,455 | 8,281 | 10,574 | 18,766 | 12,869 | 17,909 | 19,944 | 17,423 | 19,773 |
| Intangible Assets | |||||||||
| Investments & Other | 47,019 | ||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 5,455 | 8,281 | 10,574 | 18,766 | 12,869 | 64,928 | 19,944 | 17,423 | 19,773 |
| Stock & work in progress | |||||||||
| Trade Debtors | 19,913 | 28,789 | 88,865 | 275,136 | 180,440 | 141,281 | 97,733 | 77,763 | 11,186 |
| Group Debtors | |||||||||
| Misc Debtors | 191,248 | 202,115 | 108,195 | 214,281 | 250,255 | 126,599 | 144,500 | 88,381 | 33,041 |
| Cash | 9,092 | 6,052 | 7,124 | 170,888 | 44,982 | 19,398 | 11,930 | 3,322 | 56,511 |
| misc current assets | |||||||||
| total current assets | 220,253 | 236,956 | 204,184 | 660,305 | 475,677 | 287,278 | 254,163 | 169,466 | 100,738 |
| total assets | 225,708 | 245,237 | 214,758 | 679,071 | 488,546 | 352,206 | 274,107 | 186,889 | 120,511 |
| Bank overdraft | 5,587 | 5,592 | 10,649 | ||||||
| Bank loan | 8,333 | ||||||||
| Trade Creditors | 181,382 | 174,743 | 56,179 | 42,560 | 93,842 | 66,031 | 41,871 | 31,453 | 10,599 |
| Group/Directors Accounts | 1,595,380 | 1,220,236 | |||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 57,905 | 63,647 | 862,196 | 759,756 | 628,333 | 489,834 | 445,584 | 380,544 | 195,237 |
| total current liabilities | 1,840,254 | 1,464,218 | 929,024 | 810,649 | 722,175 | 555,865 | 487,455 | 411,997 | 205,836 |
| loans | 26,180 | 29,496 | 31,446 | 41,667 | |||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 26,180 | 29,496 | 31,446 | 41,667 | |||||
| total liabilities | 1,866,434 | 1,493,714 | 960,470 | 852,316 | 722,175 | 555,865 | 487,455 | 411,997 | 205,836 |
| net assets | -1,640,726 | -1,248,477 | -745,712 | -173,245 | -233,629 | -203,659 | -213,348 | -225,108 | -85,325 |
| total shareholders funds | -1,640,726 | -1,248,477 | -745,712 | -173,245 | -233,629 | -203,659 | -213,348 | -225,108 | -85,325 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 4,328 | 4,834 | 5,877 | 6,561 | 9,431 | 9,287 | 7,223 | 5,901 | 1,646 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -19,743 | 33,844 | -292,357 | 58,722 | 162,815 | 25,647 | 76,089 | 121,917 | 44,227 |
| Creditors | 6,639 | 118,564 | 13,619 | -51,282 | 27,811 | 24,160 | 10,418 | 20,854 | 10,599 |
| Accruals and Deferred Income | -5,742 | -798,549 | 102,440 | 131,423 | 138,499 | 44,250 | 65,040 | 185,307 | 195,237 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -47,019 | 47,019 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -8,333 | 8,333 | |||||||
| Group/Directors Accounts | 375,144 | 1,220,236 | |||||||
| Other Short Term Loans | |||||||||
| Long term loans | -3,316 | -1,950 | -10,221 | 41,667 | |||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 3,040 | -1,072 | -163,764 | 125,906 | 25,584 | 7,468 | 8,608 | -53,189 | 56,511 |
| overdraft | -5 | -5,057 | 10,649 | ||||||
| change in cash | 3,045 | 3,985 | -174,413 | 125,906 | 25,584 | 7,468 | 8,608 | -53,189 | 56,511 |
lifetime wills & trusts limited Credit Report and Business Information
Lifetime Wills & Trusts Limited Competitor Analysis
Perform a competitor analysis for lifetime wills & trusts limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in PE9 area or any other competitors across 12 key performance metrics.
lifetime wills & trusts limited Ownership
LIFETIME WILLS & TRUSTS LIMITED group structure
Lifetime Wills & Trusts Limited has no subsidiary companies.
Ultimate parent company
LIFETIME WILLS & TRUSTS LIMITED
09520203
lifetime wills & trusts limited directors
Lifetime Wills & Trusts Limited currently has 6 directors. The longest serving directors include Mr Ufuk Ozturk (Mar 2015) and Mr Paul Merrigan (Mar 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ufuk Ozturk | England | 53 years | Mar 2015 | - | Director |
| Mr Paul Merrigan | England | 59 years | Mar 2015 | - | Director |
| Mr Andrew Perryman | England | 57 years | Sep 2015 | - | Director |
| Mrs Debra McKnight | England | 60 years | Sep 2015 | - | Director |
| Mr Connor Young | England | 28 years | Oct 2024 | - | Director |
| Mrs Emily Kirk | England | 48 years | Mar 2025 | - | Director |
P&L
March 2024turnover
686.3k
-21%
operating profit
-388.9k
0%
gross margin
67.5%
-6.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-1.6m
+0.31%
total assets
225.7k
-0.08%
cash
9.1k
+0.5%
net assets
Total assets minus all liabilities
lifetime wills & trusts limited company details
company number
09520203
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
HB ACCOUNTANTS
address
unit 3, south view business park, tinwel, stamford, PE9 2JL
Bank
-
Legal Advisor
-
lifetime wills & trusts 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 lifetime wills & trusts limited.
lifetime wills & trusts 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.
Click to start generating capital raising & share issue transactions for LIFETIME WILLS & TRUSTS LIMITED. This can take several minutes, an email will notify you when this has completed.
lifetime wills & trusts limited Companies House Filings - See Documents
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