Reeds Solicitors LLP
Registered name: REEDS SOLICITORS LLP
Reeds Solicitors LLP made £18.9m revenue and £4.5m profit in the year to 31 Mar 2025.
Reeds Solicitors LLP’s revenue grew 6% to £18.9m in the year to 31 Mar 2025, with £4.5m profit and 177 employees. The company is based in Kidlington; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Kidlington, South East
- Age
- 9 yrs · since 2017
- 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 | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £8.7m | £14.3m | £17.8m | £18.9m |
| Cost of sales | £337k | £1.3m | £1.9m | £1.6m |
| Gross profit | £8.4m | £13m | £15.8m | £17.4m |
| Operating profit | £1.2m | £1.6m | £4.7m | £4.4m |
| Profit after tax | £1.2m | £1.6m | £4.6m | £4.5m |
| Profit (best available) | £1.2m | £1.6m | £4.6m | £4.5m |
| Staff costs | — | £9.2m | £9.3m | £10.6m |
| Employees (average) | 156 | 165 | 161 | 177 |
| Ratios | ||||
| Profit margin | 13.4% | 11% | 26.2% | 23.5% |
| Gross margin | 96.2% | 90.8% | 89.1% | 91.8% |
| Revenue per employee | £56.1k | £86.6k | £110k | £107k |
| Profit per employee | £7.5k | £9.6k | £28.9k | £25.1k |
| Cash conversion | −5% | 85.5% | −88.5% | −81.4% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲24.3% | ▲6.5% |
| Profit growth | — | — | ▲194.8% | ▼4.3% |
| Headcount growth | — | — | ▼2.4% | ▲9.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £142k | £2.6k | £736k | £358k |
| Net assets | — | — | — | — |
| Fixed assets | £178k | £451k | £431k | £237k |
| Current assets | — | £5.2m | £6.3m | £7.5m |
| Debtors | £1.8m | £2.2m | £2.4m | £3.5m |
| Deferred income | — | £622k | £534k | £925k |
| Cash from operations | −£57.9k | £1.4m | −£4.1m | −£3.6m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 23.5%
- Profit ÷ revenue.
- Gross margin
- 91.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £107k
- Revenue ÷ average employees.
- Profit per employee
- £25.1k
- Profit ÷ average employees.
- Cash conversion
- −81.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 18.7%
- 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
- ▼51%
- Now £358k
- Headcount
- ▲10%
- Now 177
- Deferred income
- ▲73%
- Now £925k
- Fixed assets
- ▼45%
- Now £237k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £4.5m), from the Companies House accounts bulk data published Dec 2025. 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.