How much does I P S Law LLP make?

I P S Law LLP reported revenue of £1.3m and £159k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does I P S Law LLP have?

I P S Law LLP reported an average of 0 employees in the year to 31 Mar 2024.

Is I P S Law LLP profitable?

Yes — I P S Law LLP reported a profit of £159k in the year to 31 Mar 2024.

Company No. OC319781 · Incorporated 18 May 2006

I P S Law LLP

Registered name: I P S LAW LLP

I P S Law LLP made £1.3m revenue and £159k profit in the year to 31 Mar 2024.

I P S Law LLP’s revenue grew 2% to £1.3m in the year to 31 Mar 2024, with £159k profit and 0 employees. The company is based in Hale; we hold 3 years of its filed accounts.

Full P&L filed

Status: Active
Location: Hale, North West
Age: 20 yrs · since 2006
Type: Limited Liability Partnership

Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.

Latest accounts · year to 31 Mar 2024

Key figures

IndependentSmall teamCapital-lightOperating leverageDoing more with less

Revenue

£1.3m

Growth ▲1.9%

Profit

£159k

Growth ▲54.3%

Profit margin

12.4%

Employees

Change ▼100%

Profit / employee

—

Profitable streak

2yrs

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	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£1.3m	£1.3m
Operating profit	—	£225k	£343k
Profit after tax	—	£103k	£159k
Profit (best available)	—	£103k	£159k
Employees (average)	3	3	0
Ratios
Profit margin	—	8.2%	12.4%
Revenue per employee	—	£419k	—
Profit per employee	—	£34.4k	—
Growth (year on year)
Revenue growth	—	—	▲1.9%
Profit growth	—	—	▲54.3%
Headcount growth	—	0%	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£303k	£162k
Net assets	—	—	—
Fixed assets	—	£6.8k	£5.8k
Current assets	—	£1.5m	£1.8m
Debtors	—	£810k	£1.1m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 12.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 82.7%; 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: —; Now —
Cash at bank: ▼46%; Now £162k
Headcount: ▼100%; Now 0
Deferred income: —; Now —
Fixed assets: ▼15%; Now £5.8k

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £159k), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.