Veritas Solicitors LLP
Registered name: VERITAS SOLICITORS LLP
Veritas Solicitors LLP made £9.8m revenue and a £13.8m loss in the year to 29 Nov 2024. read from filing text
Veritas Solicitors LLP’s revenue fell 2% to £9.8m in the year to 29 Nov 2024, with a loss of £13.8m and 177 employees. The company is based in Manchester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- Age
- 18 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 Nov 2021 | 30 Nov 2022 | 29 Nov 2023 | 29 Nov 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £2.8m | £10m | £9.8m |
| Cost of sales | — | £3.1m | £10.4m | £3m |
| Gross profit | — | £222k | £369k | £6.8m |
| Operating profit | — | £2.5m | £5.2m | −£2.2m |
| Profit after tax | — | −£2.6m | −£7.4m | −£13.8m |
| Profit (best available) | — | −£2.6m | −£7.4m | −£13.8m |
| Employees (average) | 7 | 66 | 132 | 177 |
| Ratios | ||||
| Profit margin | — | −93.1% | −74.1% | −140.7% |
| Gross margin | — | 7.8% | 3.7% | 69.8% |
| Revenue per employee | — | £43.1k | £76k | £55.3k |
| Profit per employee | — | −£40.1k | −£56.3k | −£77.8k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲252.3% | ▼2.3% |
| Headcount growth | — | ▲842.9% | ▲100% | ▲34.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £763k | £226k | — |
| Net assets | — | £2.6m | £10.2m | — |
| Fixed assets | — | £11.1k | £61.3k | — |
| Current assets | — | £30.9m | £37.5m | — |
| Debtors | — | £30.2m | £37.3m | — |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −140.7%
- Profit ÷ revenue.
- Gross margin
- 69.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £55.3k
- Revenue ÷ average employees.
- Profit per employee
- −£77.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲34%
- Now 177
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 29 Nov 2024 (profit −£13.8m), from the Companies House accounts bulk data published Jun 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.