Pomanda estimates the enterprise value of GLMS LAW LIMITED at £170.9k based on a Turnover of £298k and 0.57x industry multiple (adjusted for size and gross margin).
glms law limitedEstimated Valuation
£1m
Pomanda estimates the enterprise value of GLMS LAW LIMITED at £1m based on an EBITDA of £298.2k and a 3.5x industry multiple (adjusted for size and gross margin).
glms law limitedEstimated Valuation
£838.3k
Pomanda estimates the enterprise value of GLMS LAW LIMITED at £838.3k based on Net Assets of £482.6k and 1.74x industry multiple (adjusted for liquidity).
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Glms Law LimitedOverview
Glms Law Limited is a live company located in mediacityuk, M50 2AB with a Companies House number of 13697238. It operates in the solicitors sector, SIC Code 69102. Founded in October 2021, it's largest shareholder is
gemma sullivan
with a 50% stake. Glms Law Limited is a startup,
micro sized company, Pomanda has estimated its turnover at
£298k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Glms Law Limited a 5 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 Rating5out of 5
4 Strong
2 Regular
4 Weak
Size
annual sales of £298k, make it smaller than the average company (£1.1m)
£298k - Glms Law Limited
£1.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Glms Law Limited
- - Industry AVG
Production
with a gross margin of 68.8%, this company has a comparable cost of product (68.8%)
68.8% - Glms Law Limited
68.8% - Industry AVG
Profitability
an operating margin of 100% make it more profitable than the average company (10.1%)
100% - Glms Law Limited
10.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
2 - Glms Law Limited
16 - Industry AVG
Pay Structure
on an average salary of £38.8k, the company has an equivalent pay structure (£38.8k)
£38.8k - Glms Law Limited
£38.8k - Industry AVG
Efficiency
resulting in sales per employee of £149k, this is more efficient (£74.2k)
£149k - Glms Law Limited
£74.2k - Industry AVG
Debtor Days
it gets paid by customers after 140 days, this is later than average (68 days)
140 days - Glms Law Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (33 days)
12 days - Glms Law Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Glms Law Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 83 weeks, this is more cash available to meet short term requirements (23 weeks)
83 weeks - Glms Law Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.5%, this is a lower level of debt than the average (54.2%)
28.5% - Glms Law Limited
54.2% - Industry AVG
GLMS LAW LIMITED financials
EXPORT
Glms Law Limited's latest turnover from October 2023 is estimated at £298 thousand and the company has net assets of £482.6 thousand. According to their latest financial statements, Glms Law Limited has 2 employees and maintains cash reserves of £307.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Oct 2022
Turnover
297,999
248,746
Other Income Or Grants
Cost Of Sales
92,930
71,011
Gross Profit
205,069
177,735
Admin Expenses
-92,772
-123,768
Operating Profit
297,841
301,503
Interest Payable
Interest Receivable
16,038
3,418
Pre-Tax Profit
313,879
304,921
Tax
-78,470
-57,935
Profit After Tax
235,409
246,986
Dividends Paid
Retained Profit
235,409
246,986
Employee Costs
77,505
70,833
Number Of Employees
2
2
EBITDA*
298,195
301,541
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Oct 2022
Tangible Assets
1,377
154
Intangible Assets
Investments & Other
250,000
Debtors (Due After 1 year)
Total Fixed Assets
251,377
154
Stock & work in progress
Trade Debtors
114,689
95,093
Group Debtors
Misc Debtors
1,857
1,711
Cash
307,147
303,825
misc current assets
total current assets
423,693
400,629
total assets
675,070
400,783
Bank overdraft
Bank loan
Trade Creditors
3,079
1,053
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
189,052
152,506
total current liabilities
192,131
153,559
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
344
38
total long term liabilities
344
38
total liabilities
192,475
153,597
net assets
482,595
247,186
total shareholders funds
482,595
247,186
Oct 2023
Oct 2022
Operating Activities
Operating Profit
297,841
301,503
Depreciation
354
38
Amortisation
Tax
-78,470
-57,935
Stock
Debtors
19,742
96,804
Creditors
2,026
1,053
Accruals and Deferred Income
36,546
152,506
Deferred Taxes & Provisions
306
38
Cash flow from operations
238,861
300,399
Investing Activities
capital expenditure
-1,577
-192
Change in Investments
250,000
cash flow from investments
-251,577
-192
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
200
interest
16,038
3,418
cash flow from financing
16,038
3,618
cash and cash equivalents
cash
3,322
303,825
overdraft
change in cash
3,322
303,825
glms law 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 glms law limited. Get real-time insights into glms law limited's credit score, group structure and payment trends.
Perform a competitor analysis for glms law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in M50 area or any other competitors across 12 key performance metrics.
glms law limited Ownership
GLMS LAW LIMITED group structure
Glms Law Limited has no subsidiary companies.
Ultimate parent company
GLMS LAW LIMITED
13697238
GLMS LAW LIMITED Shareholders
The largest shareholders in Glms Law Limited include Gemma Sullivan and Daniel Glinert.
gemma sullivan
50%
daniel glinert
50%
glms law limited directors
Glms Law Limited currently has 2 directors.
The longest serving directors include
Ms Gemma Sullivan (Oct 2021) and
Mr Daniel Glinert (Apr 2022).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023
net assets
482.6k
+0.95%
total assets
675.1k
+0.68%
cash
307.1k
+0.01%
net assets
Total assets minus all liabilities
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glms law limited company details
company number
13697238
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
October 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
SUMMIT ACCOUNTANTS LIMITED
auditor
-
address
m.01 tomorrow, blue, mediacityuk, M50 2AB
Bank
-
Legal Advisor
-
glms 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 glms law limited.
glms 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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glms law limitedCompanies House Filings - See Documents
