Pomanda estimates the enterprise value of IGNITION LAW SERVICES LIMITED at £1.7m based on a Turnover of £3.1m and 0.54x industry multiple (adjusted for size and gross margin).
ignition law services limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of IGNITION LAW SERVICES LIMITED at £0 based on an EBITDA of £-60.7k and a 3.82x industry multiple (adjusted for size and gross margin).
ignition law services limitedEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of IGNITION LAW SERVICES LIMITED at £2.4m based on Net Assets of £1.2m and 2.07x industry multiple (adjusted for liquidity).
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Ignition Law Services LimitedOverview
Ignition Law Services Limited is a live company located in london, EC1R 0LT with a Companies House number of 11374200. It operates in the solicitors sector, SIC Code 69102. Founded in May 2018, it's largest shareholder is
ignition law services limited
with a 50% stake. Ignition Law Services Limited is a young,
small sized company, Pomanda has estimated its turnover at
£3.1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Ignition Law Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£7.1m)
£3.1m - Ignition Law Services Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (8.8%)
13% - Ignition Law Services Limited
8.8% - Industry AVG
Production
with a gross margin of 53.2%, this company has a comparable cost of product (53.2%)
53.2% - Ignition Law Services Limited
53.2% - Industry AVG
Profitability
an operating margin of -7.7% make it less profitable than the average company (7.8%)
-7.7% - Ignition Law Services Limited
7.8% - Industry AVG
Employees
with 18 employees, this is below the industry average (44)
18 - Ignition Law Services Limited
44 - Industry AVG
Pay Structure
on an average salary of £45.5k, the company has an equivalent pay structure (£45.5k)
£45.5k - Ignition Law Services Limited
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £173.8k, this is more efficient (£127.4k)
£173.8k - Ignition Law Services Limited
£127.4k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (57 days)
91 days - Ignition Law Services Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (30 days)
82 days - Ignition Law Services Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (91 days)
28 days - Ignition Law Services Limited
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is less cash available to meet short term requirements (25 weeks)
13 weeks - Ignition Law Services Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.6%, this is a lower level of debt than the average (51.2%)
43.6% - Ignition Law Services Limited
51.2% - Industry AVG
IGNITION LAW SERVICES LIMITED financials
EXPORT
Ignition Law Services Limited's latest turnover from March 2024 is estimated at £3.1 million and the company has net assets of £1.2 million. According to their latest financial statements, Ignition Law Services Limited has 18 employees and maintains cash reserves of £198.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Turnover
3,127,748
2,935,189
2,545,382
2,162,489
2,585,626
1,934,400
Other Income Or Grants
Cost Of Sales
1,464,196
1,338,801
1,193,916
1,073,753
1,231,567
889,374
Gross Profit
1,663,552
1,596,388
1,351,466
1,088,737
1,354,060
1,045,026
Admin Expenses
1,904,155
1,707,136
984,010
1,145,032
308,288
516,503
Operating Profit
-240,603
-110,748
367,456
-56,295
1,045,772
528,523
Interest Payable
3,187
4,752
4,474
2,232
Interest Receivable
9,095
6,196
1,335
196
275
1,388
Pre-Tax Profit
-234,695
-109,304
364,317
-58,331
1,046,047
529,911
Tax
-69,220
-198,749
-100,683
Profit After Tax
-234,695
-109,304
295,097
-58,331
847,298
429,228
Dividends Paid
Retained Profit
-234,695
-109,304
295,097
-58,331
847,298
429,228
Employee Costs
819,033
645,826
609,413
496,646
540,596
450,982
Number Of Employees
18
15
15
13
14
11
EBITDA*
-60,672
55,814
536,718
102,963
1,204,895
607,135
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Tangible Assets
108,623
24,127
34,413
40,057
15,258
18,151
Intangible Assets
675,136
825,211
975,286
1,125,361
1,275,436
1,425,511
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
783,759
849,338
1,009,699
1,165,418
1,290,694
1,443,662
Stock & work in progress
112,690
162,833
211,569
55,634
55,634
64,000
Trade Debtors
781,784
801,597
728,225
588,095
748,126
540,197
Group Debtors
Misc Debtors
194,882
158,909
135,396
132,826
146,600
138,208
Cash
198,304
148,189
143,395
212,679
179,591
370,162
misc current assets
total current assets
1,287,660
1,271,528
1,218,585
989,234
1,129,951
1,112,567
total assets
2,071,419
2,120,866
2,228,284
2,154,652
2,420,645
2,556,229
Bank overdraft
Bank loan
10,000
10,000
26,052
23,170
Trade Creditors
330,803
439,618
243,793
260,325
215,230
136,094
Group/Directors Accounts
other short term finances
hp & lease commitments
11,926
other current liabilities
434,831
240,070
406,090
602,952
928,888
1,990,906
total current liabilities
787,560
689,688
675,935
886,447
1,144,118
2,127,000
loans
13,333
23,333
33,333
50,000
hp & lease commitments
76,223
Accruals and Deferred Income
other liabilities
provisions
25,000
3,847
5,714
total long term liabilities
114,556
27,180
39,047
50,000
total liabilities
902,116
716,868
714,982
936,447
1,144,118
2,127,000
net assets
1,169,303
1,403,998
1,513,302
1,218,205
1,276,527
429,229
total shareholders funds
1,169,303
1,403,998
1,513,302
1,218,205
1,276,527
429,229
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Operating Activities
Operating Profit
-240,603
-110,748
367,456
-56,295
1,045,772
528,523
Depreciation
29,856
16,487
19,187
9,183
9,048
3,585
Amortisation
150,075
150,075
150,075
150,075
150,075
75,027
Tax
-69,220
-198,749
-100,683
Stock
-50,143
-48,736
155,935
-8,366
64,000
Debtors
16,160
96,885
142,700
-173,805
216,321
678,405
Creditors
-108,815
195,825
-16,532
45,095
79,136
136,094
Accruals and Deferred Income
194,761
-166,020
-196,862
-325,936
-1,062,018
1,990,906
Deferred Taxes & Provisions
21,153
-1,867
5,714
Cash flow from operations
80,410
35,603
-38,817
-4,073
-184,691
1,891,047
Investing Activities
capital expenditure
-114,352
-6,201
-13,543
-33,982
-6,155
-1,522,274
Change in Investments
cash flow from investments
-114,352
-6,201
-13,543
-33,982
-6,155
-1,522,274
Financing Activities
Bank loans
-16,052
2,882
23,170
Group/Directors Accounts
Other Short Term Loans
Long term loans
-10,000
-10,000
-16,667
50,000
Hire Purchase and Lease Commitments
88,149
other long term liabilities
share issue
9
1
interest
5,908
1,444
-3,139
-2,036
275
1,388
cash flow from financing
84,057
-24,608
-16,924
71,143
275
1,389
cash and cash equivalents
cash
50,115
4,794
-69,284
33,088
-190,571
370,162
overdraft
change in cash
50,115
4,794
-69,284
33,088
-190,571
370,162
ignition law services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ignition law services limited. Get real-time insights into ignition law services limited's credit score, group structure and payment trends.
Perform a competitor analysis for ignition law services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EC1R area or any other competitors across 12 key performance metrics.
ignition law services limited Ownership
IGNITION LAW SERVICES LIMITED group structure
Ignition Law Services Limited has no subsidiary companies.
Ultimate parent company
IGNITION LAW SERVICES LIMITED
11374200
IGNITION LAW SERVICES LIMITED Shareholders
The largest shareholders in Ignition Law Services Limited include Ignition Law Services Limited and Alexander James Mcpherson.
ignition law services limited
50%
alexander james mcpherson
25.51%
emily mcpherson
24.49%
ignition law services limited directors
Ignition Law Services Limited currently has 2 directors.
The longest serving directors include
Mr Alexander McPherson (May 2018) and
Ms Tammy Evans (Nov 2024).
70229 - Management consultancy activities (other than financial management)
69102 - Solicitors
70100 - Activities of head offices
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
1 sans walk, london, EC1R 0LT
Bank
-
Legal Advisor
-
ignition law services 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 ignition law services limited.
ignition law services 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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ignition law services limitedCompanies House Filings - See Documents
