prana legal services ltd
prana legal services ltd Company Information
Company Number
09604603
Website
-Registered Address
20-22 wenlock road, london, N1 7GU
Industry
Solicitors
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Directors
Shilpen Savani9 Years
Shareholders
shilpen suryakant savani 100%
prana legal services ltd Estimated Valuation
Pomanda estimates the enterprise value of PRANA LEGAL SERVICES LTD at £156.6k based on a Turnover of £338k and 0.46x industry multiple (adjusted for size and gross margin).
prana legal services ltd Estimated Valuation
Pomanda estimates the enterprise value of PRANA LEGAL SERVICES LTD at £52.1k based on an EBITDA of £17.5k and a 2.97x industry multiple (adjusted for size and gross margin).
prana legal services ltd Estimated Valuation
Pomanda estimates the enterprise value of PRANA LEGAL SERVICES LTD at £10.4k based on Net Assets of £6.9k and 1.51x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Prana Legal Services Ltd Overview
Prana Legal Services Ltd is a live company located in london, N1 7GU with a Companies House number of 09604603. It operates in the solicitors sector, SIC Code 69102. Founded in May 2015, it's largest shareholder is shilpen suryakant savani with a 100% stake. Prana Legal Services Ltd is a young, micro sized company, Pomanda has estimated its turnover at £338k with declining growth in recent years.
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Prana Legal Services Ltd Health Check
Pomanda's financial health check has awarded Prana Legal Services Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £338k, make it smaller than the average company (£1.4m)
- Prana Legal Services Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.8%)
- Prana Legal Services Ltd
6.8% - Industry AVG
Production
with a gross margin of 61.9%, this company has a comparable cost of product (61.9%)
- Prana Legal Services Ltd
61.9% - Industry AVG
Profitability
an operating margin of 4.9% make it less profitable than the average company (9.6%)
- Prana Legal Services Ltd
9.6% - Industry AVG
Employees
with 8 employees, this is below the industry average (21)
8 - Prana Legal Services Ltd
21 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- Prana Legal Services Ltd
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £42.2k, this is less efficient (£67.9k)
- Prana Legal Services Ltd
£67.9k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (68 days)
- Prana Legal Services Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (31 days)
- Prana Legal Services Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prana Legal Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (25 weeks)
2 weeks - Prana Legal Services Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.5%, this is a higher level of debt than the average (53.9%)
96.5% - Prana Legal Services Ltd
53.9% - Industry AVG
PRANA LEGAL SERVICES LTD financials
Prana Legal Services Ltd's latest turnover from May 2023 is estimated at £338 thousand and the company has net assets of £6.9 thousand. According to their latest financial statements, Prana Legal Services Ltd has 8 employees and maintains cash reserves of £6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 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 | 8 | 5 | 3 | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,822 | 4,287 | 4,304 | 3,011 | 2,573 | 3,816 | 2,640 | 3,012 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,822 | 4,287 | 4,304 | 3,011 | 2,573 | 3,816 | 2,640 | 3,012 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,810 | 101,547 | 121,434 | 122,750 | 105,563 | 141,429 | 204,385 | 58,054 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 164,509 | 41,806 | 34,269 | 49,521 | 777 | 0 | 0 | 0 |
| Cash | 6,038 | 13 | 40,010 | 50,005 | 63,122 | 29,600 | 36,943 | 1,052 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 193,357 | 143,366 | 195,713 | 222,276 | 169,462 | 171,029 | 241,328 | 59,106 |
| total assets | 197,179 | 147,653 | 200,017 | 225,287 | 172,035 | 174,845 | 243,968 | 62,118 |
| Bank overdraft | 45,642 | 44,606 | 43,385 | 42,780 | 1,735 | 2,793 | 1,892 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,073 | 1,407 | 1,145 | 169 | 0 | 140 | 514 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,120 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 106,138 | 60,245 | 109,477 | 129,926 | 156,624 | 127,487 | 144,106 | 42,182 |
| total current liabilities | 154,853 | 106,258 | 154,007 | 172,875 | 158,359 | 130,420 | 146,512 | 65,302 |
| loans | 34,505 | 39,815 | 44,971 | 50,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 955 | 815 | 818 | 489 | 489 | 725 | 502 | 602 |
| total long term liabilities | 35,460 | 40,630 | 45,789 | 50,489 | 489 | 725 | 502 | 602 |
| total liabilities | 190,313 | 146,888 | 199,796 | 223,364 | 158,848 | 131,145 | 147,014 | 65,904 |
| net assets | 6,866 | 765 | 221 | 1,923 | 13,187 | 43,700 | 96,954 | -3,786 |
| total shareholders funds | 6,866 | 765 | 221 | 1,923 | 13,187 | 43,700 | 96,954 | -3,786 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 893 | 1,073 | 1,368 | 2,261 | 3,076 | 1,355 | 849 | 753 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 43,966 | -12,350 | -16,568 | 65,931 | -35,089 | -62,956 | 146,331 | 58,054 |
| Creditors | 1,666 | 262 | 976 | 169 | -140 | -374 | 514 | 0 |
| Accruals and Deferred Income | 45,893 | -49,232 | -20,449 | -26,698 | 29,137 | -16,619 | 101,924 | 42,182 |
| Deferred Taxes & Provisions | 140 | -3 | 329 | 0 | -236 | 223 | -100 | 602 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -23,120 | 23,120 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,310 | -5,156 | -5,029 | 50,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 6,025 | -39,997 | -9,995 | -13,117 | 33,522 | -7,343 | 35,891 | 1,052 |
| overdraft | 1,036 | 1,221 | 605 | 41,045 | -1,058 | 901 | 1,892 | 0 |
| change in cash | 4,989 | -41,218 | -10,600 | -54,162 | 34,580 | -8,244 | 33,999 | 1,052 |
prana legal services ltd Credit Report and Business Information
Prana Legal Services Ltd Competitor Analysis
Perform a competitor analysis for prana legal services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
prana legal services ltd Ownership
PRANA LEGAL SERVICES LTD group structure
Prana Legal Services Ltd has no subsidiary companies.
Ultimate parent company
PRANA LEGAL SERVICES LTD
09604603
prana legal services ltd directors
Prana Legal Services Ltd currently has 1 director, Mr Shilpen Savani serving since May 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shilpen Savani | England | 52 years | May 2015 | - | Director |
P&L
May 2023turnover
338k
-5%
operating profit
16.6k
0%
gross margin
62%
-1.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
6.9k
+7.98%
total assets
197.2k
+0.34%
cash
6k
+463.46%
net assets
Total assets minus all liabilities
prana legal services ltd company details
company number
09604603
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
May 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
20-22 wenlock road, london, N1 7GU
Bank
-
Legal Advisor
-
prana legal services 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 prana legal services ltd.
prana legal services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
