sunny virk legal services limited

sunny virk legal services limited Company Information

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StartupMicro

Company Number

13636359

Industry

Barristers at law

 

Directors

Sundeep Virk

Shareholders

sundeep singh virk

Group Structure

View All

Contact

Registered Address

27 poundgate lane,, coventry,, west midlands, CV4 8HJ

Website

-

sunny virk legal services limited Estimated Valuation

£109.3k

Pomanda estimates the enterprise value of SUNNY VIRK LEGAL SERVICES LIMITED at £109.3k based on a Turnover of £249.6k and 0.44x industry multiple (adjusted for size and gross margin).

sunny virk legal services limited Estimated Valuation

£5.1k

Pomanda estimates the enterprise value of SUNNY VIRK LEGAL SERVICES LIMITED at £5.1k based on an EBITDA of £2.1k and a 2.48x industry multiple (adjusted for size and gross margin).

sunny virk legal services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SUNNY VIRK LEGAL SERVICES LIMITED at £0 based on Net Assets of £-343 and 1.67x industry multiple (adjusted for liquidity).

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Sunny Virk Legal Services Limited Overview

Sunny Virk Legal Services Limited is a live company located in west midlands, CV4 8HJ with a Companies House number of 13636359. It operates in the barristers at law sector, SIC Code 69101. Founded in September 2021, it's largest shareholder is sundeep singh virk with a 100% stake. Sunny Virk Legal Services Limited is a startup, micro sized company, Pomanda has estimated its turnover at £249.6k with unknown growth in recent years.

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Sunny Virk Legal Services Limited Health Check

Pomanda's financial health check has awarded Sunny Virk Legal Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £249.6k, make it smaller than the average company (£332.3k)

£249.6k - Sunny Virk Legal Services Limited

£332.3k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Sunny Virk Legal Services Limited

- - Industry AVG

production

Production

with a gross margin of 29.6%, this company has a comparable cost of product (29.6%)

29.6% - Sunny Virk Legal Services Limited

29.6% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it as profitable than the average company (0.8%)

0.8% - Sunny Virk Legal Services Limited

0.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (38)

1 - Sunny Virk Legal Services Limited

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £77.2k, the company has an equivalent pay structure (£77.2k)

£77.2k - Sunny Virk Legal Services Limited

£77.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £249.6k, this is more efficient (£88.1k)

£249.6k - Sunny Virk Legal Services Limited

£88.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is later than average (14 days)

50 days - Sunny Virk Legal Services Limited

14 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 156 days, this is slower than average (82 days)

156 days - Sunny Virk Legal Services Limited

82 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sunny Virk Legal Services Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Sunny Virk Legal Services Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100.5%, this is a higher level of debt than the average (89.4%)

100.5% - Sunny Virk Legal Services Limited

89.4% - Industry AVG

SUNNY VIRK LEGAL SERVICES LIMITED financials

EXPORTms excel logo

Sunny Virk Legal Services Limited's latest turnover from September 2023 is estimated at £249.6 thousand and the company has net assets of -£343. According to their latest financial statements, Sunny Virk Legal Services Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022
Turnover249,611122,324
Other Income Or Grants00
Cost Of Sales175,82875,782
Gross Profit73,78346,542
Admin Expenses71,70748,442
Operating Profit2,076-1,900
Interest Payable00
Interest Receivable00
Pre-Tax Profit2,076-1,900
Tax-5190
Profit After Tax1,557-1,900
Dividends Paid00
Retained Profit1,557-1,900
Employee Costs77,20759,324
Number Of Employees11
EBITDA*2,076-1,900

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022
Tangible Assets40,5370
Intangible Assets00
Investments & Other00
Debtors (Due After 1 year)00
Total Fixed Assets40,5370
Stock & work in progress00
Trade Debtors34,28423,100
Group Debtors00
Misc Debtors00
Cash00
misc current assets00
total current assets34,28423,100
total assets74,82123,100
Bank overdraft00
Bank loan00
Trade Creditors 75,16425,000
Group/Directors Accounts00
other short term finances00
hp & lease commitments00
other current liabilities00
total current liabilities75,16425,000
loans00
hp & lease commitments00
Accruals and Deferred Income00
other liabilities00
provisions00
total long term liabilities00
total liabilities75,16425,000
net assets-343-1,900
total shareholders funds-343-1,900
Sep 2023Sep 2022
Operating Activities
Operating Profit2,076-1,900
Depreciation00
Amortisation00
Tax-5190
Stock00
Debtors11,18423,100
Creditors50,16425,000
Accruals and Deferred Income00
Deferred Taxes & Provisions00
Cash flow from operations40,5370
Investing Activities
capital expenditure-40,5370
Change in Investments00
cash flow from investments-40,5370
Financing Activities
Bank loans00
Group/Directors Accounts00
Other Short Term Loans 00
Long term loans00
Hire Purchase and Lease Commitments00
other long term liabilities00
share issue00
interest00
cash flow from financing00
cash and cash equivalents
cash00
overdraft00
change in cash00

sunny virk legal services 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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Sunny Virk Legal Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sunny virk legal services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CV4 area or any other competitors across 12 key performance metrics.

sunny virk legal services limited Ownership

SUNNY VIRK LEGAL SERVICES LIMITED group structure

Sunny Virk Legal Services Limited has no subsidiary companies.

Ultimate parent company

SUNNY VIRK LEGAL SERVICES LIMITED

13636359

SUNNY VIRK LEGAL SERVICES LIMITED Shareholders

sundeep singh virk 100%

sunny virk legal services limited directors

Sunny Virk Legal Services Limited currently has 1 director, Mr Sundeep Virk serving since Sep 2021.

officercountryagestartendrole
Mr Sundeep VirkEngland44 years Sep 2021- Director

P&L

September 2023

turnover

249.6k

+104%

operating profit

2.1k

0%

gross margin

29.6%

-22.31%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

-343

-0.82%

total assets

74.8k

+2.24%

cash

0

0%

net assets

Total assets minus all liabilities

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sunny virk legal services limited company details

company number

13636359

Type

Private limited with Share Capital

industry

69101 - Barristers at law

incorporation date

September 2021

age

3

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

27 poundgate lane,, coventry,, west midlands, CV4 8HJ

Bank

-

Legal Advisor

-

sunny virk legal 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 sunny virk legal services limited.

sunny virk legal 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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sunny virk legal services limited Companies House Filings - See Documents

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