Convey Law Ltd.
Registered name: CONVEY LAW LTD.
Convey Law Ltd. made £11.6m revenue and £942k profit in the year to 31 Dec 2025. read from filing text
Convey Law Ltd.’s revenue grew 6% to £11.6m in the year to 31 Dec 2025, with £942k profit and 145 employees. The company is classified under “solicitors” and is based in Newport; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Newport, Wales
- Age
- 21 yrs · since 2004
- 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. From the filing: “The ultimate controlling party is Mrs T K Davies.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £11m | £11.6m |
| Cost of sales | — | — | £3.3m | £3.5m |
| Gross profit | — | — | £7.7m | £8.2m |
| Operating profit | — | — | £426k | £817k |
| Profit before tax | — | — | £896k | £1.3m |
| Profit after tax | — | — | £642k | £942k |
| Profit (best available) | — | — | £642k | £942k |
| Staff costs | — | — | £5m | £5.1m |
| Employees (average) | 164 | 159 | 137 | 145 |
| Ratios | ||||
| Profit margin | — | — | 5.9% | 8.1% |
| Gross margin | — | — | 70.4% | 70.3% |
| Revenue per employee | — | — | £80.2k | £80.3k |
| Profit per employee | — | — | £4.7k | £6.5k |
| Cash conversion | — | — | −462.3% | 52.7% |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲6% |
| Profit growth | — | — | — | ▲46.7% |
| Headcount growth | — | ▼3% | ▼13.8% | ▲5.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £493k | £455k | £1.7m | £1.2m |
| Net assets | £2.4m | £2.1m | £2.3m | £3.2m |
| Fixed assets | £532k | £441k | £461k | £379k |
| Current assets | £4m | £4.6m | £5.8m | £5.9m |
| Debtors | £328k | £256k | £162k | £125k |
| Deferred income | — | — | £92.5k | £88.6k |
| Cash from operations | — | — | −£2m | £431k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 8.1%
- Profit ÷ revenue.
- Gross margin
- 70.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £80.3k
- Revenue ÷ average employees.
- Profit per employee
- £6.5k
- Profit ÷ average employees.
- Cash conversion
- 52.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.1%
- 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
- ▲41%
- Now £3.2m
- Cash at bank
- ▼30%
- Now £1.2m
- Headcount
- ▲6%
- Now 145
- Deferred income
- ▼4%
- Now £88.6k
- Fixed assets
- ▼18%
- Now £379k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Idmax LimitedFigures not disclosed
Minority corporate shareholders
- Convey Law Group Ltd 25–50%
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- National Legal Service LimitedLondon · Solicitors
- Revenue
- £11.8m
- Profit
- £656k
- Staff
- 178
- Raydens LimitedST. Albans · Solicitors
- Revenue
- £11.4m
- Profit
- £994k
- Staff
- 112
- Horwich Cohen Coghlan LtdManchester · Solicitors
- Revenue
- £11.4m
- Profit
- £316k
- Staff
- 156
- JCP Solicitors LimitedSwansea · Solicitors
- Revenue
- £12m
- Profit
- £2m
- Staff
- 178
- Grosvenor Law LtdLondon · Solicitors
- Revenue
- £12.3m
- Profit
- £4.3m
- Staff
- 34
- MSB Solicitors LimitedLiverpool · Solicitors
- Revenue
- £11m
- Profit
- £475k
- Staff
- 196
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £942k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.