How much does Slater Heelis Limited make?

Slater Heelis Limited reported revenue of £18.1m and a loss of £358k in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Slater Heelis Limited have?

Slater Heelis Limited reported an average of 223 employees in the year to 31 Mar 2024.

Is Slater Heelis Limited profitable?

No — Slater Heelis Limited reported a loss of £358k in the year to 31 Mar 2024.

Company No. 12465020 · Incorporated 14 Feb 2020

Slater Heelis Limited

Registered name: SLATER HEELIS LIMITED

Part of Lawfront Holdings Limited group

Slater Heelis Limited made £18.1m revenue and a £358k loss in the year to 31 Mar 2024. read from filing text

Slater Heelis Limited’s revenue grew 6% to £18.1m in the year to 31 Mar 2024, with a loss of £358k and 223 employees. The company is classified under “solicitors” and is based in Sale; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 69102Solicitors

Status: Active
Location: Sale, North West
Age: 6 yrs · since 2020
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 parent company is Lawfront Group Limited, a limited company registered in England and Wales. Lawfront Group Limited registered office is 10 Ledbury Mews North, London, England, W11 2AF”

Latest accounts · year to 31 Mar 2024

Key figures

Cash flow filed

Revenue

£18.1m

Growth ▲6.2%

Profit

−£358k

Growth ▼131.1%

Profit margin

−2%

Gross 99.8%

Employees

223

Change ▲8.8%

Profit / employee

−£1.6k

Revenue/employee £81.4k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£16.5m	£17.1m	£18.1m
Cost of sales	£81k	£179k	£36.3k
Gross profit	£16.4m	£16.9m	£18.1m
Operating profit	£875k	£1.7m	−£872k
Profit before tax	£879k	£1.8m	£53.6k
Profit after tax	£441k	£1.1m	−£358k
Profit (best available)	£441k	£1.1m	−£358k
Staff costs	£9.3m	£10.6m	£12.2m
Employees (average)	171	205	223
Ratios
Profit margin	2.7%	6.7%	−2%
Gross margin	99.5%	99%	99.8%
Revenue per employee	£96.4k	£83.3k	£81.4k
Profit per employee	£2.6k	£5.6k	−£1.6k
Cash conversion	−609.2%	−27.6%	—
Growth (year on year)
Revenue growth	—	▲3.6%	▲6.2%
Profit growth	—	▲160.1%	▼131.1%
Headcount growth	—	▲19.9%	▲8.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£108k	£21.4k	£954
Net assets	£635k	£1.7m	£1.4m
Fixed assets	£6.2m	£5.2m	£3.6m
Current assets	£6.3m	£8.1m	£9.3m
Debtors	£2.3m	£3.8m	£4.1m
Deferred income	£511k	£404k	£353k
Cash from operations	−£5.3m	−£475k	£805k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: −2%; Profit ÷ revenue.
Gross margin: 99.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £81.4k; Revenue ÷ average employees.
Profit per employee: −£1.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 20%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.4%; 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: ▼20%; Now £1.4m
Cash at bank: ▼96%; Now £954
Headcount: ▲9%; Now 223
Deferred income: ▼13%; Now £353k
Fixed assets: ▼30%; Now £3.6m

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

Lawfront Holdings Limitedultimate parent75–100%
Lawfront Midco Limited75–100%
Lawfront Group Limited75–100%
Slater Heelis Limitedthis company

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

Subsidiaries (2)

Slater Heelis Services LimitedActive - Proposal to Strike offFigures not disclosed
Slater Heelis Trust Corporation LimitedFigures not disclosed

Sister companies (10)

Trethowans LLPRev. £30.3m · Profit £14.7m
Brachers LLPFigures not disclosed
Farleys Newco LimitedFigures not disclosed
Farleys Solicitors LLPFigures not disclosed
Fisher Jones Greenwood LLPFigures not disclosed
FJG Newco LimitedFigures not disclosed
Godfrey Wright LimitedFigures not disclosed
Lawfront Member LimitedFigures not disclosed
Lawfront Trust Corporation LimitedFigures not disclosed
Nelsonslaw LLPFigures 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 FullAccounts for the year to 31 Mar 2024 (profit −£358k), from the Companies House accounts bulk data published Dec 2024. 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.