et law limited
et law limited Company Information
Company Number
11254303
Next Accounts
26 days late
Industry
Solicitors
Shareholders
geoffrey peter underhill
david simpson
View AllGroup Structure
View All
Contact
Registered Address
stamford green, 33 stamford street, altrincham, WA14 1ES
Website
www.et-law.co.uket law limited Estimated Valuation
Pomanda estimates the enterprise value of ET LAW LIMITED at £813.8k based on a Turnover of £1.3m and 0.62x industry multiple (adjusted for size and gross margin).
et law limited Estimated Valuation
Pomanda estimates the enterprise value of ET LAW LIMITED at £0 based on an EBITDA of £-29.6k and a 3.37x industry multiple (adjusted for size and gross margin).
et law limited Estimated Valuation
Pomanda estimates the enterprise value of ET LAW LIMITED at £115.4k based on Net Assets of £74.1k and 1.56x industry multiple (adjusted for liquidity).
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Et Law Limited Overview
Et Law Limited is a live company located in altrincham, WA14 1ES with a Companies House number of 11254303. It operates in the solicitors sector, SIC Code 69102. Founded in March 2018, it's largest shareholder is geoffrey peter underhill with a 96.2% stake. Et Law Limited is a young, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.
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Et Law Limited Health Check
Pomanda's financial health check has awarded Et Law Limited a 3 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
4 Strong
3 Regular
5 Weak
Size
annual sales of £1.3m, make it in line with the average company (£1.1m)
- Et Law Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.9%)
- Et Law Limited
5.9% - Industry AVG
Production
with a gross margin of 72.5%, this company has a comparable cost of product (72.5%)
- Et Law Limited
72.5% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (9.1%)
- Et Law Limited
9.1% - Industry AVG
Employees
with 29 employees, this is above the industry average (15)
29 - Et Law Limited
15 - Industry AVG
Pay Structure
on an average salary of £36.5k, the company has an equivalent pay structure (£36.5k)
- Et Law Limited
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £45.3k, this is less efficient (£65.7k)
- Et Law Limited
£65.7k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (57 days)
- Et Law Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 243 days, this is slower than average (31 days)
- Et Law Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 946 days, this is more than average (169 days)
- Et Law Limited
169 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (28 weeks)
3 weeks - Et Law Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.7%, this is a higher level of debt than the average (47.4%)
94.7% - Et Law Limited
47.4% - Industry AVG
ET LAW LIMITED financials
Et Law Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £74.1 thousand. According to their latest financial statements, Et Law Limited has 29 employees and maintains cash reserves of £78 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | 29 | 20 | 14 | 14 | 14 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,044 | 3,033 | 3,690 | 6,487 | 1,502 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,044 | 3,033 | 3,690 | 6,487 | 1,502 |
| Stock & work in progress | 937,000 | 395,000 | 455,750 | 388,500 | 296,198 |
| Trade Debtors | 94,951 | 31,662 | 35,415 | 70,713 | 66,600 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 292,108 | 98,893 | 58,020 | 67,537 | 168,560 |
| Cash | 77,967 | 138,145 | 149,614 | 24,078 | 14 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,402,026 | 663,700 | 698,799 | 550,828 | 531,372 |
| total assets | 1,403,070 | 666,733 | 702,489 | 557,315 | 532,874 |
| Bank overdraft | 50,620 | 43,175 | 37,500 | 11,001 | 20,369 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 241,351 | 145,841 | 223,294 | 245,844 | 240,611 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 984,049 | 260,177 | 263,851 | 300,173 | 249,806 |
| total current liabilities | 1,276,020 | 449,193 | 524,645 | 557,018 | 510,786 |
| loans | 52,943 | 103,563 | 112,500 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 52,943 | 103,563 | 112,500 | 0 | 0 |
| total liabilities | 1,328,963 | 552,756 | 637,145 | 557,018 | 510,786 |
| net assets | 74,107 | 113,977 | 65,344 | 297 | 22,088 |
| total shareholders funds | 74,107 | 113,977 | 65,344 | 297 | 22,088 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 1,989 | 3,728 | 2,797 | 1,630 | 357 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 542,000 | -60,750 | 67,250 | 92,302 | 296,198 |
| Debtors | 256,504 | 37,120 | -44,815 | -96,910 | 235,160 |
| Creditors | 95,510 | -77,453 | -22,550 | 5,233 | 240,611 |
| Accruals and Deferred Income | 723,872 | -3,674 | -36,322 | 50,367 | 249,806 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -50,620 | -8,937 | 112,500 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -60,178 | -11,469 | 125,536 | 24,064 | 14 |
| overdraft | 7,445 | 5,675 | 26,499 | -9,368 | 20,369 |
| change in cash | -67,623 | -17,144 | 99,037 | 33,432 | -20,355 |
et law limited Credit Report and Business Information
Et Law Limited Competitor Analysis
Perform a competitor analysis for et law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in WA14 area or any other competitors across 12 key performance metrics.
et law limited Ownership
ET LAW LIMITED group structure
Et Law Limited has no subsidiary companies.
Ultimate parent company
ET LAW LIMITED
11254303
et law limited directors
Et Law Limited currently has 5 directors. The longest serving directors include Mr Mark Knights (Jun 2018) and Mrs Eve Underhill (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Knights | England | 60 years | Jun 2018 | - | Director |
| Mrs Eve Underhill | England | 47 years | Nov 2020 | - | Director |
| Ms Daniella Gonzalez | United Kingdom | 42 years | Jan 2021 | - | Director |
| Mr Geoffrey Underhill | 56 years | Mar 2022 | - | Director | |
| Mr David Simpson | United Kingdom | 42 years | Oct 2022 | - | Director |
P&L
March 2023turnover
1.3m
+73%
operating profit
-31.6k
0%
gross margin
72.5%
+8.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
74.1k
-0.35%
total assets
1.4m
+1.1%
cash
78k
-0.44%
net assets
Total assets minus all liabilities
et law limited company details
company number
11254303
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
KJG
auditor
-
address
stamford green, 33 stamford street, altrincham, WA14 1ES
Bank
-
Legal Advisor
-
et 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 et law limited.
et law 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.
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et law limited Companies House Filings - See Documents
| date | description | view/download |
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