Ghg Solicitors Limited

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ghg solicitors limited Company Information

Live

EstablishedSmallHealthy

Company Number

NI606482

Website

Registered Address

27 high street, ballymoney, county antrim, BT53 6AJ

Industry

Solicitors

Telephone

02827662104

Next Accounts Due

December 2024

Group Structure

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Directors

Christopher Clarke13 Years

Steven Wright9 Years

Shareholders

steven wright 50%

christopher clarke 50%

ghg solicitors limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of GHG SOLICITORS LIMITED at £2.3m based on Net Assets of £1.3m and 1.77x industry multiple (adjusted for liquidity).

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Ghg Solicitors Limited is a live company located in county antrim, BT53 6AJ with a Companies House number of NI606482. It operates in the solicitors sector, SIC Code 69102. Founded in March 2011, it's largest shareholder is steven wright with a 50% stake. Ghg Solicitors Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ghg Solicitors Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.6m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (6.1%)

EXPORT

Ghg Solicitors Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £1.3 million. According to their latest financial statements, Ghg Solicitors Limited has 12 employees and maintains cash reserves of £9.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	1,585,922	1,840,191	3,010,678	1,367,025	991,110	585,086	733,750	769,238	1,178,679	1,561,008	1,837,391	1,488,117
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	885,630	1,135,460	1,933,409	847,877	623,135	362,886	416,510	2,811	731,491	1,008,940	1,204,894	910,020
Gross Profit	700,293	704,731	1,077,268	519,148	367,975	222,200	678,548	766,427	447,188	552,068	632,497	578,097
Admin Expenses	999,744	851,698	1,306,753	334,050	203,393	42,046	375,561	392,793	237,662	420,515	451,769	277,522
Operating Profit	-299,451	-146,967	-229,485	185,098	164,582	180,154	302,987	373,634	209,526	131,553	180,728	300,575
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	444,950	91,619	9,994	5,754	32,500	22,254	4,185	7,130	28,199	30,581	28,854	14,306
Pre-Tax Profit	145,499	-55,348	-219,491	190,852	197,083	202,407	307,172	380,764	237,725	162,134	209,582	314,881
Tax	-27,645	0	0	-36,262	-37,446	-38,457	-67,865	0	-49,922	-37,291	-50,300	-81,869
Profit After Tax	117,854	-55,348	-219,491	154,590	159,637	163,950	239,307	380,764	187,803	124,843	159,282	233,012
Dividends Paid	0	0	0	0	0	0	90,000	0	0	0	0	0
Retained Profit	117,854	-55,348	-219,491	154,590	159,637	163,950	149,307	380,764	187,803	124,843	159,282	233,012
Employee Costs	417,791	387,135	364,514	376,280	364,114	345,143	343,793	195,951	493,173	641,614	718,512	696,026
Number Of Employees	12	12	12	12	12	12	12	13	17	22	25	23
EBITDA*	-253,691	-92,768	-181,513	233,401	212,381	228,320	351,150	421,265	257,364	179,767	229,580	349,918

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	30,634	88,534	19,086	25,064	26,315	32,500	36,579	37,673	42,952	49,187	56,901	63,787
Intangible Assets	324,000	364,500	405,000	445,500	486,000	526,500	567,000	607,500	648,000	688,500	729,000	769,500
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	354,634	453,034	424,086	470,564	512,315	559,000	603,579	645,173	690,952	737,687	785,901	833,287
Stock & work in progress	32,212	35,843	35,843	12,948	30,812	31,916	21,831	34,857	37,668	45,800	34,529	39,261
Trade Debtors	798,204	562,186	474,311	590,725	209,676	202,853	150,535	235,783	196,716	204,416	220,129	246,859
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	230,012	82,948	17,272	0	0	0	0	0
Cash	9,860,794	11,078,032	13,353,627	6,634,344	4,872,861	3,793,935	5,107,493	5,662,022	4,866,463	6,413,251	5,819,150	5,722,415
misc current assets	2,500	2,500	2,500	2,500	11,118	5,658	2,500	2,500	2,500	2,500	2,500	2,500
total current assets	10,693,710	11,678,561	13,866,281	7,240,517	5,354,479	4,117,310	5,299,631	5,935,162	5,103,347	6,665,967	6,076,308	6,011,035
total assets	11,048,344	12,131,595	14,290,367	7,711,081	5,866,794	4,676,310	5,903,210	6,580,335	5,794,299	7,403,654	6,862,209	6,844,322
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	9,723,157	10,849,136	13,027,686	6,228,909	4,343,865	3,375,837	4,713,092	5,725,647	5,089,355	6,886,513	6,469,911	6,611,306
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	195,347	132,528	186,123	0	0	0	0	0
total current liabilities	9,723,157	10,849,136	13,027,686	6,228,909	4,539,212	3,508,365	4,899,215	5,725,647	5,089,355	6,886,513	6,469,911	6,611,306
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	75,126	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	75,126	0	0	0	0	0	0	0	0	0	0
total liabilities	9,723,157	10,924,262	13,027,686	6,228,909	4,539,212	3,508,365	4,899,215	5,725,647	5,089,355	6,886,513	6,469,911	6,611,306
net assets	1,325,187	1,207,333	1,262,681	1,482,172	1,327,582	1,167,945	1,003,995	854,688	704,944	517,141	392,298	233,016
total shareholders funds	1,325,187	1,207,333	1,262,681	1,482,172	1,327,582	1,167,945	1,003,995	854,688	704,944	517,141	392,298	233,016

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	-299,451	-146,967	-229,485	185,098	164,582	180,154	302,987	373,634	209,526	131,553	180,728	300,575
Depreciation	5,260	13,699	7,472	7,803	7,299	7,666	7,663	7,131	7,338	7,714	8,352	8,843
Amortisation	40,500	40,500	40,500	40,500	40,500	40,500	40,500	40,500	40,500	40,500	40,500	40,500
Tax	-27,645	0	0	-36,262	-37,446	-38,457	-67,865	0	-49,922	-37,291	-50,300	-81,869
Stock	-3,631	0	22,895	-17,864	-1,104	10,085	-13,026	-2,811	-8,132	11,271	-4,732	39,261
Debtors	236,018	87,875	-116,414	151,037	153,887	117,994	-67,976	39,067	-7,700	-15,713	-26,730	246,859
Creditors	-1,125,979	-2,178,550	6,798,777	1,885,044	968,028	-1,337,255	-1,012,555	636,292	-1,797,158	416,602	-141,395	6,611,306
Accruals and Deferred Income	0	0	0	-195,347	62,819	-53,595	186,123	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,639,702	-2,359,193	6,710,783	1,753,663	1,052,999	-1,329,066	-462,145	1,021,301	-1,573,884	563,520	69,347	6,593,235
Investing Activities
capital expenditure	52,640	-83,147	-1,494	-6,552	-1,114	-3,587	-6,569	-1,852	-1,103	0	-1,466	-882,630
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	52,640	-83,147	-1,494	-6,552	-1,114	-3,587	-6,569	-1,852	-1,103	0	-1,466	-882,630
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-75,126	75,126	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-231,020	0	0	0	4
interest	444,950	91,619	9,994	5,754	32,500	22,254	4,185	7,130	28,199	30,581	28,854	14,306
cash flow from financing	369,824	166,745	9,994	5,754	32,500	22,254	4,185	-223,890	28,199	30,581	28,854	14,310
cash and cash equivalents
cash	-1,217,238	-2,275,595	6,719,283	1,761,483	1,078,926	-1,313,558	-554,529	795,559	-1,546,788	594,101	96,735	5,722,415
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,217,238	-2,275,595	6,719,283	1,761,483	1,078,926	-1,313,558	-554,529	795,559	-1,546,788	594,101	96,735	5,722,415

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GHG SOLICITORS LIMITED group structure

Ghg Solicitors Limited has no subsidiary companies.

Ultimate parent company

GHG SOLICITORS LIMITED

NI606482

GHG SOLICITORS LIMITED Shareholders

steven wright	50%
christopher clarke	50%

Ghg Solicitors Limited currently has 2 directors. The longest serving directors include Mr Christopher Clarke (Mar 2011) and Mr Steven Wright (Mar 2015).

officer	country	age	start	end	role
Mr Christopher Clarke	Northern Ireland	51 years	Mar 2011	-	Director
Mr Steven Wright	Northern Ireland	50 years	Mar 2015	-	Director

P&L

March 2023

turnover

1.6m

-14%

operating profit

-299.5k

gross margin

44.2%

+15.3%

turnover

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

Balance Sheet

March 2023

net assets

1.3m

+0.1%

total assets

11m

-0.09%

cash

9.9m

-0.11%

net assets

Total assets minus all liabilities

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company number

NI606482

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

March 2011

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

tdoc limited (April 2011)

incorporated

address

27 high street, ballymoney, county antrim, BT53 6AJ

last accounts submitted

March 2023

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ghg solicitors limited Company Information

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ghg solicitors limited Estimated Valuation

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