barretts law limited
barretts law limited Company Information
Company Number
14024561
Website
-Registered Address
162 queens road, buckhurst hill, essex, IG9 5BD
Industry
Solicitors
Telephone
02036490550
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
matthew stephen barrett 100%
barretts law limited Estimated Valuation
Pomanda estimates the enterprise value of BARRETTS LAW LIMITED at £292k based on a Turnover of £513.6k and 0.57x industry multiple (adjusted for size and gross margin).
barretts law limited Estimated Valuation
Pomanda estimates the enterprise value of BARRETTS LAW LIMITED at £260.1k based on an EBITDA of £72.3k and a 3.6x industry multiple (adjusted for size and gross margin).
barretts law limited Estimated Valuation
Pomanda estimates the enterprise value of BARRETTS LAW LIMITED at £69.5k based on Net Assets of £44.7k and 1.56x industry multiple (adjusted for liquidity).
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Barretts Law Limited Overview
Barretts Law Limited is a live company located in essex, IG9 5BD with a Companies House number of 14024561. It operates in the solicitors sector, SIC Code 69102. Founded in April 2022, it's largest shareholder is matthew stephen barrett with a 100% stake. Barretts Law Limited is a startup, small sized company, Pomanda has estimated its turnover at £513.6k with unknown growth in recent years.
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Barretts Law Limited Health Check
Pomanda's financial health check has awarded Barretts Law Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £513.6k, make it smaller than the average company (£1.4m)
- Barretts Law Limited
£1.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Barretts Law Limited
- - Industry AVG
Production
with a gross margin of 64.1%, this company has a comparable cost of product (64.1%)
- Barretts Law Limited
64.1% - Industry AVG
Profitability
an operating margin of 12.5% make it more profitable than the average company (9.1%)
- Barretts Law Limited
9.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (20)
10 - Barretts Law Limited
20 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has an equivalent pay structure (£38.4k)
- Barretts Law Limited
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £51.4k, this is less efficient (£68.6k)
- Barretts Law Limited
£68.6k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (67 days)
- Barretts Law Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 413 days, this is slower than average (25 days)
- Barretts Law Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Barretts Law Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (23 weeks)
4 weeks - Barretts Law Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.7%, this is a higher level of debt than the average (55.1%)
90.7% - Barretts Law Limited
55.1% - Industry AVG
BARRETTS LAW LIMITED financials
Barretts Law Limited's latest turnover from December 2023 is estimated at £513.6 thousand and the company has net assets of £44.7 thousand. According to their latest financial statements, Barretts Law Limited has 10 employees and maintains cash reserves of £38 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | ||
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | ||
| Tax | ||
| Profit After Tax | ||
| Dividends Paid | ||
| Retained Profit | ||
| Employee Costs | ||
| Number Of Employees | 10 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 83,365 | 3,524 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 83,365 | 3,524 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 15,666 | 10,632 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 345,412 | 22,015 |
| Cash | 38,048 | 1,999 |
| misc current assets | 0 | 0 |
| total current assets | 399,126 | 34,646 |
| total assets | 482,491 | 38,170 |
| Bank overdraft | 2 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 208,776 | 16,837 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 66,161 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 121,684 | 21,077 |
| total current liabilities | 396,623 | 37,914 |
| loans | 41,210 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 41,210 | 0 |
| total liabilities | 437,833 | 37,914 |
| net assets | 44,658 | 256 |
| total shareholders funds | 44,658 | 256 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 8,147 | 483 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 328,431 | 32,647 |
| Creditors | 191,939 | 16,837 |
| Accruals and Deferred Income | 100,607 | 21,077 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 66,161 | 0 |
| Long term loans | 41,210 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 36,049 | 1,999 |
| overdraft | 2 | 0 |
| change in cash | 36,047 | 1,999 |
barretts law limited Credit Report and Business Information
Barretts Law Limited Competitor Analysis
Perform a competitor analysis for barretts law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in IG9 area or any other competitors across 12 key performance metrics.
barretts law limited Ownership
BARRETTS LAW LIMITED group structure
Barretts Law Limited has no subsidiary companies.
Ultimate parent company
BARRETTS LAW LIMITED
14024561
barretts law limited directors
Barretts Law Limited currently has 6 directors. The longest serving directors include Mr Matthew Barrett (Apr 2022) and Mrs Sabrina Sanger (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Barrett | 37 years | Apr 2022 | - | Director | |
| Mrs Sabrina Sanger | 35 years | Apr 2022 | - | Director | |
| Miss Nadia Paganuzzi | 46 years | Dec 2023 | - | Director | |
| Miss Farah Naz | 34 years | Jan 2024 | - | Director | |
| Miss Gemma Leppard | 38 years | Mar 2024 | - | Director | |
| Mrs Sebastian Jakubowski | 32 years | May 2024 | - | Director |
P&L
December 2023turnover
513.6k
+142%
operating profit
64.1k
0%
gross margin
64.2%
-3.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
44.7k
+173.45%
total assets
482.5k
+11.64%
cash
38k
+18.03%
net assets
Total assets minus all liabilities
Similar Companies
barretts law limited company details
company number
14024561
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
April 2022
age
2
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
162 queens road, buckhurst hill, essex, IG9 5BD
accountant
-
auditor
-
barretts 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 barretts law limited.
barretts law limited Companies House Filings - See Documents
| date | description | view/download |
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