How much does Simply Conveyancing Property Lawyers Limited make?

Simply Conveyancing Property Lawyers Limited reported revenue of £14.9m and a loss of £1m in the year to 30 Jun 2023, according to its accounts filed at Companies House.

How many employees does Simply Conveyancing Property Lawyers Limited have?

Simply Conveyancing Property Lawyers Limited reported an average of 211 employees in the year to 30 Jun 2023.

Is Simply Conveyancing Property Lawyers Limited profitable?

No — Simply Conveyancing Property Lawyers Limited reported a loss of £1m in the year to 30 Jun 2023.

Company No. 06903831 · Incorporated 13 May 2009

Simply Conveyancing Property Lawyers Limited

Registered name: SIMPLY CONVEYANCING PROPERTY LAWYERS LIMITED

Part of Livingbridge Ep LLP group

Simply Conveyancing Property Lawyers Limited made £14.9m revenue and a £1m loss in the year to 30 Jun 2023.

Simply Conveyancing Property Lawyers Limited’s revenue fell 5% to £14.9m in the year to 30 Jun 2023, with a loss of £1m and 211 employees. The company is classified under “activities of patent and copyright agents; other legal activities” and is based in Daventry; we hold 2 years of its filed accounts.

Full profit & loss filedSection M · Professional, scientific and technical activitiesSIC 69109Activities of patent and copyright agents; other legal activities n.e.c.

Status: Active
Location: Daventry, East Midlands
Age: 17 yrs · since 2009
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Jun 2023

Key figures

Capital-light

Revenue

£14.9m

Growth ▼4.9%

Profit

−£1m

Growth ▼9797%

Profit margin

−7%

Gross 75.6%

Employees

211

Change ▲3.4%

Profit / employee

−£4.9k

Revenue/employee £70.5k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023
Disclosure	Profit & loss	Profit & loss
Profit & loss
Revenue (turnover)	£15.6m	£14.9m
Cost of sales	£3.9m	£3.6m
Gross profit	£11.7m	£11.2m
Operating profit	−£538k	−£2.5m
Profit before tax	−£29.9k	−£1.2m
Profit after tax	£10.8k	−£1m
Profit (best available)	£10.8k	−£1m
Staff costs	£9m	£10m
Employees (average)	204	211
Ratios
Profit margin	0.1%	−7%
Gross margin	74.8%	75.6%
Revenue per employee	£76.7k	£70.5k
Profit per employee	£53	−£4.9k
Growth (year on year)
Revenue growth	—	▼4.9%
Profit growth	—	▼9797%
Headcount growth	—	▲3.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£390k	£1m
Net assets	£6.9m	£5.9m
Fixed assets	£659k	£525k
Current assets	£8.8m	£8.2m
Debtors	£319k	£346k
Deferred income	£327k	£482k
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: −7%; Profit ÷ revenue.
Gross margin: 75.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £70.5k; Revenue ÷ average employees.
Profit per employee: −£4.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.3%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼15%; Now £5.9m
Cash at bank: ▲160%; Now £1m
Headcount: ▲3%; Now 211
Deferred income: ▲47%; Now £482k
Fixed assets: ▼20%; Now £525k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Livingbridge Ep LLPultimate parent75–100%
Livingbridge Enterprise GP LLP50–75%
Topco 8787 Limited75–100%
Midco 8787 1 Limited75–100%
Midco 8787 2 Limited75–100%
Bidco 8787 Limited75–100%
Simply Conveyancing Property Lawyers Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (3)

Just UK Legal Services LimitedFigures not disclosed
Pirie Palmann Holdings LimitedFigures not disclosed
Simply Conveyancing Panel Management LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Jun 2023 (profit −£1m), from the Companies House accounts bulk data published Mar 2024. Spotted an error? Request a correction.