acer prime law limited
acer prime law limited Company Information
Company Number
10558502
Website
portworthlaw.co.ukRegistered Address
7a alkmaar way, norwich international business p, norwich, NR6 6BF
Industry
Solicitors
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
alan mcaloon 37%
iain cameron 27%
View Allacer prime law limited Estimated Valuation
Pomanda estimates the enterprise value of ACER PRIME LAW LIMITED at £527.8k based on a Turnover of £916.7k and 0.58x industry multiple (adjusted for size and gross margin).
acer prime law limited Estimated Valuation
Pomanda estimates the enterprise value of ACER PRIME LAW LIMITED at £1.2m based on an EBITDA of £327.2k and a 3.69x industry multiple (adjusted for size and gross margin).
acer prime law limited Estimated Valuation
Pomanda estimates the enterprise value of ACER PRIME LAW LIMITED at £219.3k based on Net Assets of £145.1k and 1.51x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Acer Prime Law Limited Overview
Acer Prime Law Limited is a live company located in norwich, NR6 6BF with a Companies House number of 10558502. It operates in the solicitors sector, SIC Code 69102. Founded in January 2017, it's largest shareholder is alan mcaloon with a 37% stake. Acer Prime Law Limited is a young, small sized company, Pomanda has estimated its turnover at £916.7k with high growth in recent years.
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Acer Prime Law Limited Health Check
Pomanda's financial health check has awarded Acer Prime Law Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £916.7k, make it smaller than the average company (£1.4m)
£916.7k - Acer Prime Law Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (6.7%)
- Acer Prime Law Limited
6.7% - Industry AVG
Production
with a gross margin of 92.3%, this company has a lower cost of product (66.9%)
92.3% - Acer Prime Law Limited
66.9% - Industry AVG
Profitability
an operating margin of 34.7% make it more profitable than the average company (8.9%)
34.7% - Acer Prime Law Limited
8.9% - Industry AVG
Employees
with 12 employees, this is below the industry average (22)
12 - Acer Prime Law Limited
22 - Industry AVG
Pay Structure
on an average salary of £38.6k, the company has an equivalent pay structure (£38.6k)
- Acer Prime Law Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £76.4k, this is equally as efficient (£70.8k)
£76.4k - Acer Prime Law Limited
£70.8k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (70 days)
66 days - Acer Prime Law Limited
70 days - Industry AVG
Creditor Days
its suppliers are paid after 138 days, this is slower than average (24 days)
138 days - Acer Prime Law Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Acer Prime Law Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (21 weeks)
37 weeks - Acer Prime Law Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.6%, this is a higher level of debt than the average (55.7%)
64.6% - Acer Prime Law Limited
55.7% - Industry AVG
ACER PRIME LAW LIMITED financials
Acer Prime Law Limited's latest turnover from December 2023 is £916.7 thousand and the company has net assets of £145.1 thousand. According to their latest financial statements, Acer Prime Law Limited has 12 employees and maintains cash reserves of £190.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 916,691 | 243,993 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 71,016 | 47,807 | |||||
| Gross Profit | 845,675 | 196,186 | |||||
| Admin Expenses | 527,294 | 254,274 | |||||
| Operating Profit | 318,381 | -58,088 | |||||
| Interest Payable | 0 | 0 | |||||
| Interest Receivable | 23,625 | 99,475 | |||||
| Pre-Tax Profit | 342,006 | 41,387 | |||||
| Tax | -69,494 | 0 | |||||
| Profit After Tax | 272,512 | 41,387 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | 272,512 | 41,387 | |||||
| Employee Costs | |||||||
| Number Of Employees | 12 | 6 | 6 | 5 | 2 | 3 | 2 |
| EBITDA* | 327,158 | -58,088 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,518 | 10,482 | 24,831 | 29,373 | 31,825 | 429 | 572 |
| Intangible Assets | 13,750 | 16,250 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,001 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,269 | 26,732 | 24,831 | 29,373 | 31,825 | 429 | 572 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 167,807 | 66,211 | 482,418 | 267,207 | 161,394 | 62,348 | 35,667 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 23,368 | 303,879 | 0 | 0 | 0 | 0 | 0 |
| Cash | 190,546 | 96,701 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 381,721 | 466,791 | 482,418 | 267,207 | 161,394 | 62,348 | 35,667 |
| total assets | 409,990 | 493,523 | 507,249 | 296,580 | 193,219 | 62,777 | 36,239 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 4,687 | 4,929 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 26,895 | 4,915 | 434,686 | 227,259 | 164,537 | 62,387 | 36,996 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 233,343 | 369,729 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 264,925 | 379,573 | 434,686 | 227,259 | 164,537 | 62,387 | 36,996 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 264,925 | 379,573 | 434,686 | 227,259 | 164,537 | 62,387 | 36,996 |
| net assets | 145,065 | 113,950 | 72,563 | 69,321 | 28,682 | 390 | -757 |
| total shareholders funds | 145,065 | 113,950 | 72,563 | 69,321 | 28,682 | 390 | -757 |
| Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 318,381 | -58,088 | |||||
| Depreciation | 6,277 | 0 | |||||
| Amortisation | 2,500 | 0 | |||||
| Tax | -69,494 | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -178,915 | 102,883 | 215,211 | 105,813 | 99,046 | 26,681 | 35,667 |
| Creditors | 21,980 | -222,344 | 207,427 | 62,722 | 102,150 | 25,391 | 36,996 |
| Accruals and Deferred Income | -136,386 | 369,729 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 322,173 | -13,586 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 2,001 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | -242 | 4,929 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 23,625 | 99,475 | |||||
| cash flow from financing | -218,014 | 107,646 | |||||
| cash and cash equivalents | |||||||
| cash | 93,845 | 96,701 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 93,845 | 96,701 | 0 | 0 | 0 | 0 | 0 |
acer prime law limited Credit Report and Business Information
Acer Prime Law Limited Competitor Analysis
Perform a competitor analysis for acer prime law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NR6 area or any other competitors across 12 key performance metrics.
acer prime law limited Ownership
ACER PRIME LAW LIMITED group structure
Acer Prime Law Limited has no subsidiary companies.
Ultimate parent company
ACER PRIME LAW LIMITED
10558502
acer prime law limited directors
Acer Prime Law Limited currently has 3 directors. The longest serving directors include Mr Iain Cameron (Aug 2019) and Mr Alan McAloon (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Iain Cameron | United Kingdom | 67 years | Aug 2019 | - | Director |
| Mr Alan McAloon | England | 58 years | Sep 2019 | - | Director |
| Mr Michael Phillips | England | 60 years | Jun 2022 | - | Director |
P&L
December 2023turnover
916.7k
+276%
operating profit
318.4k
-648%
gross margin
92.3%
+14.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
145.1k
+0.27%
total assets
410k
-0.17%
cash
190.5k
+0.97%
net assets
Total assets minus all liabilities
Similar Companies
acer prime law limited company details
company number
10558502
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
port worth law limited (August 2019)
estate legal solutions limited (July 2017)
accountant
ARGENTS ACCOUNTANTS LIMITED
auditor
-
address
7a alkmaar way, norwich international business p, norwich, NR6 6BF
Bank
-
Legal Advisor
-
acer prime law 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 acer prime law limited.
acer prime law limited Companies House Filings - See Documents
| date | description | view/download |
|---|
