Lacey & Co Solicitors Limited
Registered name: LACEY & CO SOLICITORS LIMITED
Lacey & Co Solicitors Limited made £1.2m revenue and £584k profit in the year to 31 Aug 2025.
Lacey & Co Solicitors Limited’s revenue fell 13% to £1.2m in the year to 31 Aug 2025, with £584k profit and 16 employees. The company is classified under “solicitors” and is based in Belfast; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £861k | £948k | £1.4m | £1.2m |
| Cost of sales | −£200k | — | — | −£200k |
| Gross profit | £1.1m | £948k | £1.4m | £1.4m |
| Operating profit | £527k | £476k | £1.1m | £604k |
| Profit before tax | £509k | £431k | £1.1m | £584k |
| Profit (best available) | £509k | £431k | £1.1m | £584k |
| Employees (average) | 16 | 16 | 16 | 16 |
| Ratios | ||||
| Profit margin | 59.2% | 45.5% | 77.8% | 48.9% |
| Gross margin | 123.2% | 100% | 100% | 116.7% |
| Revenue per employee | £53.8k | £59.3k | £86.3k | £74.7k |
| Profit per employee | £31.8k | £27k | £67.2k | £36.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲10.2% | ▲45.6% | ▼13.4% |
| Profit growth | — | ▼15.3% | ▲149.2% | ▼45.6% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £534k | £789k | £1.5m | £1.6m |
| Fixed assets | £2.1m | £1.8m | £1.6m | £1.3m |
| Current assets | £1.5m | £1.5m | £1.4m | £2.6m |
| Debtors | £606k | £545k | £594k | £585k |
| Source | Accounts · bulk data May 2024 | Accounts · bulk data May 2024 | Directors' Report and Unaudited Financial Statements · bulk data May 2025 | Directors' Report and Unaudited Financial Statements · bulk data May 2026 |
How the business works
- Profit margin
- 48.9%
- Profit ÷ revenue.
- Gross margin
- 116.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £74.7k
- Revenue ÷ average employees.
- Profit per employee
- £36.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 108.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 48.9%
- 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
- ▲11%
- Now £1.6m
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 16
- Deferred income
- —
- Now —
- Fixed assets
- ▼17%
- Now £1.3m
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Sources
Latest figures from Directors' Report and Unaudited Financial Statements for the year to 31 Aug 2025 (profit £584k), from the Companies House accounts bulk data published May 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.