bishopsgate law ltd

bishopsgate law ltd Company Information

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Company Number

10196089

Industry

Solicitors

 

Shareholders

mr martin hugh phillips

barbara christina kazimierska

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Group Structure

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Contact

Registered Address

fifth floor, maple house, high street, potters bar, hertfordshire, EN6 5BS

bishopsgate law ltd Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of BISHOPSGATE LAW LTD at £4.5m based on a Turnover of £6.4m and 0.7x industry multiple (adjusted for size and gross margin).

bishopsgate law ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of BISHOPSGATE LAW LTD at £0 based on an EBITDA of £-10.8m and a 3.78x industry multiple (adjusted for size and gross margin).

bishopsgate law ltd Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of BISHOPSGATE LAW LTD at £2.2m based on Net Assets of £1.4m and 1.56x industry multiple (adjusted for liquidity).

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Bishopsgate Law Ltd Overview

Bishopsgate Law Ltd is a live company located in potters bar, EN6 5BS with a Companies House number of 10196089. It operates in the solicitors sector, SIC Code 69102. Founded in May 2016, it's largest shareholder is mr martin hugh phillips with a 100% stake. Bishopsgate Law Ltd is a young, mid sized company, Pomanda has estimated its turnover at £6.4m with low growth in recent years.

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Bishopsgate Law Ltd Health Check

Pomanda's financial health check has awarded Bishopsgate Law Ltd a 2.5 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 Rating2.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £6.4m, make it larger than the average company (£1.1m)

£6.4m - Bishopsgate Law Ltd

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (7.8%)

2% - Bishopsgate Law Ltd

7.8% - Industry AVG

production

Production

with a gross margin of 67.8%, this company has a comparable cost of product (67.8%)

67.8% - Bishopsgate Law Ltd

67.8% - Industry AVG

profitability

Profitability

an operating margin of -168.5% make it less profitable than the average company (9.8%)

-168.5% - Bishopsgate Law Ltd

9.8% - Industry AVG

employees

Employees

with 152 employees, this is above the industry average (15)

152 - Bishopsgate Law Ltd

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.2k, the company has an equivalent pay structure (£39.2k)

£39.2k - Bishopsgate Law Ltd

£39.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £42.2k, this is less efficient (£71.4k)

£42.2k - Bishopsgate Law Ltd

£71.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 13 days, this is earlier than average (67 days)

13 days - Bishopsgate Law Ltd

67 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is slower than average (23 days)

33 days - Bishopsgate Law Ltd

23 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Bishopsgate Law Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (23 weeks)

14 weeks - Bishopsgate Law Ltd

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 79.4%, this is a higher level of debt than the average (49.8%)

79.4% - Bishopsgate Law Ltd

49.8% - Industry AVG

BISHOPSGATE LAW LTD financials

EXPORTms excel logo

Bishopsgate Law Ltd's latest turnover from February 2024 is estimated at £6.4 million and the company has net assets of £1.4 million. According to their latest financial statements, Bishopsgate Law Ltd has 152 employees and maintains cash reserves of £255.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016
Turnover6,421,7914,658,0616,036,6273,934,9363,443,5741,970,263216,6260
Other Income Or Grants00000000
Cost Of Sales2,071,1741,363,1362,378,2731,707,7841,220,040600,57762,4110
Gross Profit4,350,6163,294,9253,658,3542,227,1522,223,5331,369,686154,2150
Admin Expenses15,170,8441,856,6073,521,4301,323,6701,947,3451,322,542148,9940
Operating Profit-10,820,2281,438,318136,924903,482276,18847,1445,2210
Interest Payable197,196155,37380,61745,49119,7228,1433,5040
Interest Receivable6,7064,76218987139100
Pre-Tax Profit-11,010,7191,287,70756,496858,078256,60639,0021,7170
Tax0-244,664-10,734-163,035-48,755-7,410-3260
Profit After Tax-11,010,7191,043,04345,762695,043207,85131,5921,3910
Dividends Paid00000000
Retained Profit-11,010,7191,043,04345,762695,043207,85131,5921,3910
Employee Costs5,955,1574,163,9543,078,5152,319,6761,301,6661,047,728121,4880
Number Of Employees1521189370383340
EBITDA*-10,801,8281,452,141152,603915,869283,03951,6245,2210

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016
Tangible Assets156,64778,36583,92975,22540,62931,14821,5510
Intangible Assets358,3631,356,577358,363358,363358,363000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets515,0101,434,942442,292433,588398,99231,14821,5510
Stock & work in progress000000175,4250
Trade Debtors238,652201,7421,490,235656,0351,058,934418,59748,2120
Group Debtors045000000
Misc Debtors5,997,36710,292,7934,625,4473,164,945166,94517,54717,0010
Cash255,459302,528241,750136,43137,14903400
misc current assets00000000
total current assets6,491,47810,797,1086,357,4323,957,4111,263,028436,144240,9780
total assets7,006,48812,232,0506,799,7244,390,9991,662,020467,292262,5290
Bank overdraft000009,42314,0020
Bank loan00000000
Trade Creditors 191,048215,245194,800267,265270,45622,39939,7630
Group/Directors Accounts00000000
other short term finances422,0600000000
hp & lease commitments00000000
other current liabilities294,5704,121,829563,343698,587615,507222,78949,2350
total current liabilities907,6784,337,074758,143965,852885,963254,611103,0000
loans3,083,6532,402,7121,606,9121,036,270455,223119,69898,1380
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities1,557,0870000000
provisions15,74114,537000000
total long term liabilities4,656,4812,417,2491,606,9121,036,270455,223119,69898,1380
total liabilities5,564,1596,754,3232,365,0552,002,1221,341,186374,309201,1380
net assets1,442,3295,477,7274,434,6692,388,877320,83492,98361,3910
total shareholders funds1,442,3295,477,7274,434,6692,388,877320,83492,98361,3910
Feb 2024Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016
Operating Activities
Operating Profit-10,820,2281,438,318136,924903,482276,18847,1445,2210
Depreciation18,40013,82315,67912,3876,8514,48000
Amortisation00000000
Tax0-244,664-10,734-163,035-48,755-7,410-3260
Stock00000-175,425175,4250
Debtors6,236,0194,378,8982,294,7022,595,101789,735370,93165,2130
Creditors191,04820,445-72,465-3,191248,057-17,36439,7630
Accruals and Deferred Income294,5703,558,486-135,24483,080392,718173,55449,2350
Deferred Taxes & Provisions15,74114,537000000
Cash flow from operations-16,536,488422,047-2,360,542-1,762,37885,3244,898-146,7450
Investing Activities
capital expenditure-533,410-1,006,473-24,383-46,983-374,695-14,077-21,5510
Change in Investments00000000
cash flow from investments-533,410-1,006,473-24,383-46,983-374,695-14,077-21,5510
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 422,0600000000
Long term loans3,083,653795,800570,642581,047335,52521,56098,1380
Hire Purchase and Lease Commitments00000000
other long term liabilities1,557,0870000000
share issue12,453,048152,000,0301,373,00020,000060,0000
interest-190,490-150,611-80,428-45,404-19,583-8,142-3,5040
cash flow from financing17,325,358645,2042,490,2441,908,643335,94213,418154,6340
cash and cash equivalents
cash255,45960,778105,31999,28237,149-3403400
overdraft0000-9,423-4,57914,0020
change in cash255,45960,778105,31999,28246,5724,239-13,6620

bishopsgate 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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Bishopsgate Law Ltd Competitor Analysis

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Perform a competitor analysis for bishopsgate law ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in EN6 area or any other competitors across 12 key performance metrics.

bishopsgate law ltd Ownership

BISHOPSGATE LAW LTD group structure

Bishopsgate Law Ltd has no subsidiary companies.

Ultimate parent company

BISHOPSGATE LAW LTD

10196089

BISHOPSGATE LAW LTD Shareholders

mr martin hugh phillips 100%
barbara christina kazimierska 0%
mrs gurjit kaur chahal 0%
alistair bertrand 0%
sherrie munroe 0%
martin hugh phillips 0%
sylvia ihenacho 0%
gemma elizabeth van duke 0%
nikhil patel 0%
mrs suzanne sarah henry 0%

bishopsgate law ltd directors

Bishopsgate Law Ltd currently has 9 directors. The longest serving directors include Mr Martin Phillips (May 2016) and Ms Barbara Kazimierska (Oct 2018).

officercountryagestartendrole
Mr Martin PhillipsUnited Kingdom68 years May 2016- Director
Ms Barbara KazimierskaEngland55 years Oct 2018- Director
Mrs Suzanne HenryEngland45 years Jul 2019- Director
Mrs Gurjit DhamiEngland36 years Jan 2020- Director
Mr Alistair BertrandUnited Kingdom47 years Oct 2020- Director
Mrs Gemma Van DukeUnited Kingdom43 years Feb 2021- Director
Mrs Sylvia IhenachoEngland50 years Jan 2022- Director
Mr Nikhil PatelEngland43 years Mar 2022- Director
Ms Sherrie MunroeUnited Kingdom47 years Mar 2022- Director

P&L

February 2024

turnover

6.4m

0%

operating profit

-10.8m

0%

gross margin

67.8%

0%

turnover

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

Balance Sheet

February 2024

net assets

1.4m

0%

total assets

7m

0%

cash

255.5k

0%

net assets

Total assets minus all liabilities

bishopsgate law ltd company details

company number

10196089

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

May 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

-

address

fifth floor, maple house, high street, potters bar, hertfordshire, EN6 5BS

Bank

-

Legal Advisor

-

bishopsgate 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 found 7 charges/mortgages relating to bishopsgate law ltd. Currently there are 3 open charges and 4 have been satisfied in the past.

bishopsgate 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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bishopsgate law ltd Companies House Filings - See Documents

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