Pryers Solicitors LLP
Registered name: PRYERS SOLICITORS LLP
Part of Switalskis Solicitors Limited groupPryers Solicitors LLP made £5.1m revenue and £1.9m profit in the year to 31 Mar 2023.
Pryers Solicitors LLP’s revenue grew 9% to £5.1m in the year to 31 Mar 2023, with £1.9m profit and 51 employees. The company is based in York; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- York, Yorkshire and The Humber
- Age
- 18 yrs · since 2008
- 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.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £4.7m | £5.1m |
| Cost of sales | £1.9m | £1.8m |
| Gross profit | £2.8m | £3.3m |
| Operating profit | £1.8m | £2.1m |
| Profit before tax | £1.5m | £1.9m |
| Profit after tax | £1.5m | £1.9m |
| Profit (best available) | £1.5m | £1.9m |
| Staff costs | £1.9m | £1.7m |
| Employees (average) | 57 | 51 |
| Ratios | ||
| Profit margin | 31.8% | 36.7% |
| Gross margin | 59.8% | 64.8% |
| Revenue per employee | £81.7k | £99.8k |
| Profit per employee | £26k | £36.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▲9.2% |
| Profit growth | — | ▲25.9% |
| Headcount growth | — | ▼10.5% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £515k | — |
| Net assets | £2.8m | — |
| Fixed assets | £46k | — |
| Current assets | £7.1m | £334k |
| Debtors | £4m | £41.2k |
| Deferred income | £27.2k | — |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 |
How the business works
- Profit margin
- 36.7%
- Profit ÷ revenue.
- Gross margin
- 64.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £99.8k
- Revenue ÷ average employees.
- Profit per employee
- £36.6k
- 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
- 0.8%
- 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
- ▼11%
- Now 51
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Switalskis Solicitors Limitedultimate parent75–100%
- Pryers Solicitors LLPthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Calculus Legal Costs Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £1.9m), from the Companies House accounts bulk data published Mar 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.