Cannons Law Practice LLP
Registered name: CANNONS LAW PRACTICE LLP
Cannons Law Practice LLP made £353k revenue and £83.7k profit in the year to 31 Mar 2025.
Cannons Law Practice LLP’s revenue grew 19% to £353k in the year to 31 Mar 2025, with £83.7k profit and 6 employees. The company is based in Glasgow; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 15 yrs · since 2011
- 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&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £296k | £417k | £297k | £353k |
| Operating profit | £62.4k | £127k | £23.1k | £67.6k |
| Profit after tax | £61.5k | £128k | £26.5k | £83.7k |
| Profit (best available) | £61.5k | £128k | £26.5k | £83.7k |
| Employees (average) | 7 | 7 | 6 | 6 |
| Ratios | ||||
| Profit margin | 20.8% | 30.7% | 8.9% | 23.7% |
| Revenue per employee | £42.3k | £59.5k | £49.5k | £58.9k |
| Profit per employee | £8.8k | £18.3k | £4.4k | £14k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲40.7% | ▼28.8% | ▲19% |
| Profit growth | — | ▲108.2% | ▼79.3% | ▲216.1% |
| Headcount growth | — | 0% | ▼14.3% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.2k | £1.1k | £279 | £587 |
| Net assets | — | — | — | — |
| Fixed assets | £12k | £11.8k | £8.6k | £8.1k |
| Current assets | £1.1m | £813k | £139k | £2.5m |
| Debtors | £26k | £33.3k | £35.3k | £46.1k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 23.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £58.9k
- Revenue ÷ average employees.
- Profit per employee
- £14k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13%
- 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
- ▲110%
- Now £587
- Headcount
- 0%
- Now 6
- Deferred income
- —
- Now —
- Fixed assets
- ▼5%
- Now £8.1k
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £83.7k), 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.