solicitors regulation authority limited

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solicitors regulation authority limited Company Information

Share SOLICITORS REGULATION AUTHORITY LIMITED

Company Number

12608059

Directors

Paul Loft

David Heath

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Shareholders

-

Group Structure

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Industry

Investigation activities

 +2

Registered Address

the cube 199 wharfside street, birmingham, B1 1RN

solicitors regulation authority limited Estimated Valuation

£158.4m

Pomanda 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).

solicitors regulation authority limited Estimated Valuation

£177.8m

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).

solicitors regulation authority limited Estimated Valuation

£117.8m

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 Overview

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.

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Solicitors Regulation Authority Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

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

Growth

There is insufficient data available for this Key Performance Indicator!

- - Solicitors Regulation Authority Limited

- - Industry AVG

production

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

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

Employees

with 766 employees, this is above the industry average (22)

766 - Solicitors Regulation Authority Limited

22 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Solicitors Regulation Authority Limited

- - Industry AVG

cashbalance

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

debtlevel

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 financials

EXPORTms excel logo

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 HousePomanda Estimates

Oct 2023Oct 2022Oct 2021May 2021
Turnover127,752,00076,619,00029,212,000
Other Income Or Grants
Cost Of Sales77,463,06539,648,33516,925,430
Gross Profit50,288,93536,970,66512,286,570
Admin Expenses29,645,93535,562,66510,423,570
Operating Profit20,643,0001,408,0001,863,000
Interest Payable
Interest Receivable1,430,000290,00021,000
Pre-Tax Profit22,073,0001,698,0001,884,000
Tax-323,000-32,000-4,000
Profit After Tax21,750,0001,666,0001,880,000
Dividends Paid
Retained Profit21,750,0001,666,0001,880,000
Employee Costs39,881,00035,927,00014,043,000
Number Of Employees766708675
EBITDA*21,237,0001,981,0002,119,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021May 2021
Tangible Assets1,367,0001,849,000653,000
Intangible Assets
Investments & Other34,517,0008,640,0009,316,000
Debtors (Due After 1 year)
Total Fixed Assets35,884,00010,489,0009,969,000
Stock & work in progress
Trade Debtors30,633,00029,241,00016,052,000
Group Debtors
Misc Debtors13,985,0006,562,0003,506,000
Cash90,605,00075,705,00035,239,000
misc current assets1,403,000
total current assets136,626,000111,508,00054,797,000
total assets172,510,000121,997,00064,766,000
Bank overdraft
Bank loan
Trade Creditors 1,772,0001,868,000913,000
Group/Directors Accounts31,930,00035,152,00013,265,000
other short term finances
hp & lease commitments155,000126,00084,000
other current liabilities78,058,00065,548,00031,257,000
total current liabilities111,915,000102,694,00045,519,000
loans
hp & lease commitments90,000143,000168,000
Accruals and Deferred Income
other liabilities
provisions22,690,0002,549,0003,635,000
total long term liabilities22,780,0002,692,0003,803,000
total liabilities134,695,000105,386,00049,322,000
net assets37,815,00016,611,00015,444,000
total shareholders funds37,815,00016,611,00015,444,000
Oct 2023Oct 2022Oct 2021May 2021
Operating Activities
Operating Profit20,643,0001,408,0001,863,000
Depreciation594,000573,000256,000
Amortisation
Tax-323,000-32,000-4,000
Stock
Debtors8,815,00016,245,00019,558,000
Creditors-96,000955,000913,000
Accruals and Deferred Income12,510,00034,291,00031,257,000
Deferred Taxes & Provisions20,141,000-1,086,0003,635,000
Cash flow from operations44,654,00019,864,00018,362,000
Investing Activities
capital expenditure
Change in Investments25,877,000-676,0009,316,000
cash flow from investments-25,877,000676,000-9,316,000
Financing Activities
Bank loans
Group/Directors Accounts-3,222,00021,887,00013,265,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-24,00017,000252,000
other long term liabilities
share issue-546,000-499,00013,564,000
interest1,430,000290,00021,000
cash flow from financing-2,362,00021,695,00027,102,000
cash and cash equivalents
cash14,900,00040,466,00035,239,000
overdraft
change in cash14,900,00040,466,00035,239,000

solicitors regulation authority limited 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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Solicitors Regulation Authority Limited Competitor Analysis

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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 Ownership

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 Shareholders

--

solicitors regulation authority limited directors

Solicitors Regulation Authority Limited currently has 12 directors. The longest serving directors include Mr Paul Loft (May 2020) and Mr David Heath (May 2020).

officercountryagestartendrole
Mr Paul LoftUnited Kingdom64 years May 2020- Director
Mr David HeathUnited Kingdom71 years May 2020- Director
Ms Anna BradleyUnited Kingdom67 years May 2020- Director
Mrs Elizabeth SmartEngland56 years Apr 2021- Director
Mrs Ann HarrisonUnited Kingdom68 years Apr 2021- Director
Dr Vikas ShahEngland44 years Apr 2021- Director
Mrs Lisa MayhewUnited Kingdom55 years Jan 2022- Director
Ms Nicola WilliamsWales53 years Sep 2022- Director
Ms Claire BassettUnited Kingdom51 years Jan 2023- Director
Mr Robert McWilliamUnited Kingdom55 years Mar 2023- Director

P&L

October 2023

turnover

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 2023

net assets

37.8m

+1.28%

total assets

172.5m

+0.41%

cash

90.6m

+0.2%

net assets

Total assets minus all liabilities

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solicitors regulation authority limited company details

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

None

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

-

solicitors regulation authority 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 solicitors regulation authority limited.

solicitors regulation authority 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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solicitors regulation authority limited Companies House Filings - See Documents

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