1st Central Law Limited
Registered name: 1ST CENTRAL LAW LIMITED
Part of First Central Insurance Management Limited group1st Central Law Limited made £4.3m revenue and a £294k loss in the year to 31 Dec 2023.
1st Central Law Limited’s revenue grew 2% to £4.3m in the year to 31 Dec 2023, with a loss of £294k and 63 employees. The company is classified under “non-trading company” and is based in Colchester; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Colchester
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £5.8m | £4.3m | £4.3m |
| Cost of sales | −£3.9m | −£4.4m | — |
| Operating profit | £1.9m | −£96.5k | −£447k |
| Profit before tax | £1.9m | −£93.6k | −£392k |
| Profit after tax | £1.5m | −£76.2k | −£294k |
| Profit (best available) | £1.5m | −£76.2k | −£294k |
| Employees (average) | 61 | 77 | 63 |
| Ratios | |||
| Profit margin | 26.8% | −1.8% | −6.8% |
| Revenue per employee | £94.6k | £55.3k | £68.7k |
| Profit per employee | £25.3k | −£989 | −£4.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▼26.2% | ▲1.7% |
| Profit growth | — | ▼104.9% | — |
| Headcount growth | — | ▲26.2% | ▼18.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2023 | Accounts · bulk data Sep 2023 | Accounts · bulk data Sep 2024 |
How the business works
- Profit margin
- −6.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £68.7k
- Revenue ÷ average employees.
- Profit per employee
- −£4.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼18%
- Now 63
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- First Central Insurance Management Limitedultimate parent75–100%
- 1st Central Law Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£294k), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Updated from Companies House on 19 Oct 2026