Wilsons Solicitors LLP
Registered name: WILSONS SOLICITORS LLP
Wilsons Solicitors LLP made £14m revenue and £4.3m profit in the year to 31 Mar 2024.
Wilsons Solicitors LLP’s revenue fell 2% to £14m in the year to 31 Mar 2024, with £4.3m profit and 136 employees. The company is based in Salisbury; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Salisbury, South West
- Age
- 19 yrs · since 2007
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £14.2m | £14m |
| Operating profit | £3.2m | £2.8m |
| Profit after tax | £4.6m | £4.3m |
| Profit (best available) | £4.6m | £4.3m |
| Employees (average) | 128 | 136 |
| Ratios | ||
| Profit margin | 32.3% | 31% |
| Revenue per employee | £111k | £103k |
| Profit per employee | £35.9k | £31.8k |
| Cash conversion | 100.1% | 105% |
| Growth (year on year) | ||
| Revenue growth | — | ▼1.8% |
| Profit growth | — | ▼5.7% |
| Headcount growth | — | ▲6.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £434k | £930k |
| Net assets | £7.5m | £8m |
| Fixed assets | £1.7m | £1.4m |
| Current assets | £8.8m | £10.7m |
| Debtors | £3.8m | £4.7m |
| Deferred income | £212k | £726k |
| Cash from operations | £3.2m | £3m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- 31%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £103k
- Revenue ÷ average employees.
- Profit per employee
- £31.8k
- Profit ÷ average employees.
- Cash conversion
- 105%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 10%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 33.9%
- 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
- ▲6%
- Now £8m
- Cash at bank
- ▲114%
- Now £930k
- Headcount
- ▲6%
- Now 136
- Deferred income
- ▲243%
- Now £726k
- Fixed assets
- ▼16%
- Now £1.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (7)
- Inveresk House Nominees LimitedFigures not disclosed
- Wilsons (Company Agents) LimitedFigures not disclosed
- Wilsons (Company Secretaries) LimitedFigures not disclosed
- Wilsons Employment Services LimitedFigures not disclosed
- Wilsons Nominees LimitedFigures not disclosed
- Wilsons Trust Corporation LimitedFigures not disclosed
- Wilsonslaw LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £4.3m), from the Companies House accounts bulk data published Aug 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.