
Group Structure
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Industry
Investigation activities
+2Registered Address
the cube 199 wharfside street, birmingham, B1 1RN
Website
richardnelsonllp.co.ukPomanda estimates the enterprise value of SOLICITORS REGULATION AUTHORITY LIMITED at £158.4m based on a Turnover of £127.8m and 1.24x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SOLICITORS REGULATION AUTHORITY LIMITED at £177.8m based on an EBITDA of £21.2m and a 8.37x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SOLICITORS REGULATION AUTHORITY LIMITED at £117.8m based on Net Assets of £37.8m and 3.12x industry multiple (adjusted for liquidity).
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Solicitors Regulation Authority Limited is a live company located in birmingham, B1 1RN with a Companies House number of 12608059. It operates in the general public administration activities sector, SIC Code 84110. Founded in May 2020, it's largest shareholder is unknown. Solicitors Regulation Authority Limited is a young, mega sized company, Pomanda has estimated its turnover at £127.8m with unknown growth in recent years.
Pomanda's financial health check has awarded Solicitors Regulation Authority Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £127.8m, make it larger than the average company (£1.7m)
£127.8m - Solicitors Regulation Authority Limited
£1.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Solicitors Regulation Authority Limited
- - Industry AVG
Production
with a gross margin of 39.4%, this company has a comparable cost of product (39.4%)
39.4% - Solicitors Regulation Authority Limited
39.4% - Industry AVG
Profitability
an operating margin of 16.2% make it more profitable than the average company (2.5%)
16.2% - Solicitors Regulation Authority Limited
2.5% - Industry AVG
Employees
with 766 employees, this is above the industry average (22)
766 - Solicitors Regulation Authority Limited
22 - Industry AVG
Pay Structure
on an average salary of £52.1k, the company has a higher pay structure (£38.2k)
£52.1k - Solicitors Regulation Authority Limited
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £166.8k, this is more efficient (£76.6k)
£166.8k - Solicitors Regulation Authority Limited
£76.6k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (36 days)
87 days - Solicitors Regulation Authority Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (29 days)
8 days - Solicitors Regulation Authority Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Solicitors Regulation Authority Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is average cash available to meet short term requirements (50 weeks)
42 weeks - Solicitors Regulation Authority Limited
50 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.1%, this is a higher level of debt than the average (55.3%)
78.1% - Solicitors Regulation Authority Limited
55.3% - Industry AVG
Solicitors Regulation Authority Limited's latest turnover from October 2023 is £127.8 million and the company has net assets of £37.8 million. According to their latest financial statements, Solicitors Regulation Authority Limited has 766 employees and maintains cash reserves of £90.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Oct 2023 | Oct 2022 | Oct 2021 | May 2021 | |
---|---|---|---|---|
Turnover | 127,752,000 | 76,619,000 | 29,212,000 | |
Other Income Or Grants | ||||
Cost Of Sales | ||||
Gross Profit | ||||
Admin Expenses | ||||
Operating Profit | 20,643,000 | 1,408,000 | 1,863,000 | |
Interest Payable | ||||
Interest Receivable | 1,430,000 | 290,000 | 21,000 | |
Pre-Tax Profit | 22,073,000 | 1,698,000 | 1,884,000 | |
Tax | -323,000 | -32,000 | -4,000 | |
Profit After Tax | 21,750,000 | 1,666,000 | 1,880,000 | |
Dividends Paid | ||||
Retained Profit | 21,750,000 | 1,666,000 | 1,880,000 | |
Employee Costs | 39,881,000 | 35,927,000 | 14,043,000 | |
Number Of Employees | 766 | 708 | 675 | |
EBITDA* | 21,237,000 | 1,981,000 | 2,119,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023 | Oct 2022 | Oct 2021 | May 2021 | |
---|---|---|---|---|
Tangible Assets | 1,367,000 | 1,849,000 | 653,000 | |
Intangible Assets | ||||
Investments & Other | 34,517,000 | 8,640,000 | 9,316,000 | |
Debtors (Due After 1 year) | ||||
Total Fixed Assets | 35,884,000 | 10,489,000 | 9,969,000 | |
Stock & work in progress | ||||
Trade Debtors | 30,633,000 | 29,241,000 | 16,052,000 | |
Group Debtors | ||||
Misc Debtors | 13,985,000 | 6,562,000 | 3,506,000 | |
Cash | 90,605,000 | 75,705,000 | 35,239,000 | |
misc current assets | 1,403,000 | |||
total current assets | 136,626,000 | 111,508,000 | 54,797,000 | |
total assets | 172,510,000 | 121,997,000 | 64,766,000 | |
Bank overdraft | ||||
Bank loan | ||||
Trade Creditors | 1,772,000 | 1,868,000 | 913,000 | |
Group/Directors Accounts | 31,930,000 | 35,152,000 | 13,265,000 | |
other short term finances | ||||
hp & lease commitments | 155,000 | 126,000 | 84,000 | |
other current liabilities | 78,058,000 | 65,548,000 | 31,257,000 | |
total current liabilities | 111,915,000 | 102,694,000 | 45,519,000 | |
loans | ||||
hp & lease commitments | 90,000 | 143,000 | 168,000 | |
Accruals and Deferred Income | ||||
other liabilities | ||||
provisions | 22,690,000 | 2,549,000 | 3,635,000 | |
total long term liabilities | 22,780,000 | 2,692,000 | 3,803,000 | |
total liabilities | 134,695,000 | 105,386,000 | 49,322,000 | |
net assets | 37,815,000 | 16,611,000 | 15,444,000 | |
total shareholders funds | 37,815,000 | 16,611,000 | 15,444,000 |
Oct 2023 | Oct 2022 | Oct 2021 | May 2021 | |
---|---|---|---|---|
Operating Activities | ||||
Operating Profit | 20,643,000 | 1,408,000 | 1,863,000 | |
Depreciation | 594,000 | 573,000 | 256,000 | |
Amortisation | ||||
Tax | -323,000 | -32,000 | -4,000 | |
Stock | ||||
Debtors | 8,815,000 | 16,245,000 | 19,558,000 | |
Creditors | -96,000 | 955,000 | 913,000 | |
Accruals and Deferred Income | 12,510,000 | 34,291,000 | 31,257,000 | |
Deferred Taxes & Provisions | 20,141,000 | -1,086,000 | 3,635,000 | |
Cash flow from operations | 44,654,000 | 19,864,000 | 18,362,000 | |
Investing Activities | ||||
capital expenditure | ||||
Change in Investments | 25,877,000 | -676,000 | 9,316,000 | |
cash flow from investments | -25,877,000 | 676,000 | -9,316,000 | |
Financing Activities | ||||
Bank loans | ||||
Group/Directors Accounts | -3,222,000 | 21,887,000 | 13,265,000 | |
Other Short Term Loans | ||||
Long term loans | ||||
Hire Purchase and Lease Commitments | -24,000 | 17,000 | 252,000 | |
other long term liabilities | ||||
share issue | ||||
interest | 1,430,000 | 290,000 | 21,000 | |
cash flow from financing | -2,362,000 | 21,695,000 | 27,102,000 | |
cash and cash equivalents | ||||
cash | 14,900,000 | 40,466,000 | 35,239,000 | |
overdraft | ||||
change in cash | 14,900,000 | 40,466,000 | 35,239,000 |
Perform a competitor analysis for solicitors regulation authority limited by selecting its closest rivals, whether from the PUBLIC ADMINISTRATION AND DEFENCE; COMPULSORY SOCIAL SECURITY sector, other mega companies, companies in B 1 area or any other competitors across 12 key performance metrics.
SOLICITORS REGULATION AUTHORITY LIMITED group structure
Solicitors Regulation Authority Limited has no subsidiary companies.
Ultimate parent company
SOLICITORS REGULATION AUTHORITY LIMITED
12608059
Solicitors Regulation Authority Limited currently has 12 directors. The longest serving directors include Mr Paul Loft (May 2020) and Mr David Heath (May 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Loft | United Kingdom | 64 years | May 2020 | - | Director |
Mr David Heath | United Kingdom | 71 years | May 2020 | - | Director |
Ms Anna Bradley | United Kingdom | 67 years | May 2020 | - | Director |
Mrs Elizabeth Smart | England | 56 years | Apr 2021 | - | Director |
Mrs Ann Harrison | United Kingdom | 68 years | Apr 2021 | - | Director |
Dr Vikas Shah | England | 44 years | Apr 2021 | - | Director |
Mrs Lisa Mayhew | United Kingdom | 55 years | Jan 2022 | - | Director |
Ms Nicola Williams | Wales | 53 years | Sep 2022 | - | Director |
Ms Claire Bassett | United Kingdom | 51 years | Jan 2023 | - | Director |
Mr Robert McWilliam | United Kingdom | 55 years | Mar 2023 | - | Director |
P&L
October 2023turnover
127.8m
+67%
operating profit
20.6m
+1366%
gross margin
39.4%
-18.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
37.8m
+1.28%
total assets
172.5m
+0.41%
cash
90.6m
+0.2%
net assets
Total assets minus all liabilities
Similar Companies
company number
12608059
Type
Private Ltd By Guarantee w/o Share Cap
industry
84130 - Regulation of and contribution to more efficient operation of businesses
80300 - Investigation activities
84110 - General public administration activities
incorporation date
May 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
the cube 199 wharfside street, birmingham, B1 1RN
Bank
-
Legal Advisor
-
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