sperrin law ltd

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sperrin law ltd Company Information

Share SPERRIN LAW LTD

Company Number

09907229

Shareholders

patrick dorrian

Group Structure

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Industry

Solicitors

 

Registered Address

81 chancery lane, london, WC2A 1DD

sperrin law ltd Estimated Valuation

£407.5k

Pomanda estimates the enterprise value of SPERRIN LAW LTD at £407.5k based on a Turnover of £695k and 0.59x industry multiple (adjusted for size and gross margin).

sperrin law ltd Estimated Valuation

£526.5k

Pomanda estimates the enterprise value of SPERRIN LAW LTD at £526.5k based on an EBITDA of £165.8k and a 3.17x industry multiple (adjusted for size and gross margin).

sperrin law ltd Estimated Valuation

£260k

Pomanda estimates the enterprise value of SPERRIN LAW LTD at £260k based on Net Assets of £155.3k and 1.67x industry multiple (adjusted for liquidity).

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Sperrin Law Ltd Overview

Sperrin Law Ltd is a live company located in london, WC2A 1DD with a Companies House number of 09907229. It operates in the solicitors sector, SIC Code 69102. Founded in December 2015, it's largest shareholder is patrick dorrian with a 100% stake. Sperrin Law Ltd is a established, small sized company, Pomanda has estimated its turnover at £695k with declining growth in recent years.

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Sperrin Law Ltd Health Check

Pomanda's financial health check has awarded Sperrin Law Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £695k, make it smaller than the average company (£1.5m)

£695k - Sperrin Law Ltd

£1.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (7.1%)

-31% - Sperrin Law Ltd

7.1% - Industry AVG

production

Production

with a gross margin of 67.4%, this company has a comparable cost of product (67.4%)

67.4% - Sperrin Law Ltd

67.4% - Industry AVG

profitability

Profitability

an operating margin of 23.2% make it more profitable than the average company (9.1%)

23.2% - Sperrin Law Ltd

9.1% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (19)

6 - Sperrin Law Ltd

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)

£40.3k - Sperrin Law Ltd

£40.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £115.8k, this is more efficient (£78.2k)

£115.8k - Sperrin Law Ltd

£78.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 99 days, this is later than average (68 days)

99 days - Sperrin Law Ltd

68 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 306 days, this is slower than average (28 days)

306 days - Sperrin Law Ltd

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sperrin Law Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (19 weeks)

46 weeks - Sperrin Law Ltd

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.8%, this is a higher level of debt than the average (54.3%)

75.8% - Sperrin Law Ltd

54.3% - Industry AVG

SPERRIN LAW LTD financials

EXPORTms excel logo

Sperrin Law Ltd's latest turnover from December 2023 is estimated at £695 thousand and the company has net assets of £155.3 thousand. According to their latest financial statements, Sperrin Law Ltd has 6 employees and maintains cash reserves of £435.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Turnover694,963814,100465,3892,105,5991,464,336498,128298,514176,537
Other Income Or Grants
Cost Of Sales226,382230,873183,3511,042,756592,244192,39199,31655,444
Gross Profit468,581583,227282,0381,062,843872,092305,738199,198121,093
Admin Expenses307,476629,083390,2621,000,776794,739255,703174,225118,923
Operating Profit161,105-45,856-108,22462,06777,35350,03524,9732,170
Interest Payable3,2533,7171,380
Interest Receivable16,4357,904326
Pre-Tax Profit174,287-41,669-109,27862,06777,35350,03524,9732,170
Tax-43,572-11,793-14,697-9,507-4,745-434
Profit After Tax130,715-41,669-109,27850,27462,65640,52820,2281,736
Dividends Paid
Retained Profit130,715-41,669-109,27850,27462,65640,52820,2281,736
Employee Costs241,545378,368244,806336,617294,893104,385100,54196,654
Number Of Employees6107108333
EBITDA*165,845-43,501-108,22462,06777,35350,03524,9732,170

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Tangible Assets14,3975,2262,0522,7751,058856
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets14,3975,2262,0522,7751,058856
Stock & work in progress
Trade Debtors190,369170,000687,952537,803180,73484,31036,707
Group Debtors
Misc Debtors132,0873,789
Cash435,501190,587261,076
misc current assets211,687
total current assets625,870492,674476,552687,952537,803180,73484,31036,707
total assets640,267497,900478,604690,727538,861181,59084,31036,707
Bank overdraft23,74834,09144,167
Bank loan
Trade Creditors 189,993148,44791,119514,481242,65965,87537,14521,951
Group/Directors Accounts6179,200
other short term finances
hp & lease commitments
other current liabilities271,236290,787277,074824
total current liabilities484,977473,325412,360515,305242,65966,49246,34521,951
loans
hp & lease commitments
Accruals and Deferred Income146,35041,950
other liabilities24,70410,65614,05113,020
provisions1,950
total long term liabilities171,05452,60616,00113,020
total liabilities484,977473,325412,360515,305413,713119,09862,34634,971
net assets155,29024,57566,244175,422125,14862,49221,9641,736
total shareholders funds155,29024,57566,244175,422125,14862,49221,9641,736
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Operating Activities
Operating Profit161,105-45,856-108,22462,06777,35350,03524,9732,170
Depreciation4,7402,355
Amortisation
Tax-43,572-11,793-14,697-9,507-4,745-434
Stock
Debtors-111,718298,298-684,163150,149357,06996,42447,60336,707
Creditors41,54657,328-423,362271,822176,78428,73015,19421,951
Accruals and Deferred Income-19,55113,713276,250-145,526104,40041,950
Deferred Taxes & Provisions-1,9501,950
Cash flow from operations255,986-270,758428,82726,421-13,22912,834-10,231-13,020
Investing Activities
capital expenditure-13,911-5,529723-1,717-202-856
Change in Investments
cash flow from investments-13,911-5,529723-1,717-202-856
Financing Activities
Bank loans
Group/Directors Accounts-617-8,5839,200
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-24,70414,048-3,3951,03113,020
share issue100
interest13,1824,187-1,054
cash flow from financing13,1824,187-954-24,70413,431-11,97810,23113,020
cash and cash equivalents
cash244,914-70,489261,076
overdraft-10,343-10,07644,167
change in cash255,257-60,413216,909

sperrin 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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Sperrin Law Ltd Competitor Analysis

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Perform a competitor analysis for sperrin law ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in WC2A area or any other competitors across 12 key performance metrics.

sperrin law ltd Ownership

SPERRIN LAW LTD group structure

Sperrin Law Ltd has no subsidiary companies.

Ultimate parent company

SPERRIN LAW LTD

09907229

SPERRIN LAW LTD Shareholders

patrick dorrian 100%

sperrin law ltd directors

Sperrin Law Ltd currently has 1 director, Mr Patrick Dorrian serving since Oct 2016.

officercountryagestartendrole
Mr Patrick DorrianEngland50 years Oct 2016- Director

P&L

December 2023

turnover

695k

-15%

operating profit

161.1k

0%

gross margin

67.5%

-5.88%

turnover

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

Balance Sheet

December 2023

net assets

155.3k

+5.32%

total assets

640.3k

+0.29%

cash

435.5k

+1.29%

net assets

Total assets minus all liabilities

sperrin law ltd company details

company number

09907229

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

December 2015

age

10

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

hsk legal services ltd (January 2018)

accountant

SILVERBIRCH NORTHWOOD LTD

auditor

-

address

81 chancery lane, london, WC2A 1DD

Bank

-

Legal Advisor

-

sperrin 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 sperrin law ltd.

sperrin 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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sperrin law ltd Companies House Filings - See Documents

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