SILK FAMILY LAW LIMITED Financials
- Company number
- 07184996Copy
Copy - Industry
- Solicitors (69.10/2 - SIC 2007)
- Registered office
- Riverside East, 2 Millsands, Sheffield S3 8DT
- Incorporated
- 10/03/2010
Company snapshot
- Status
- Active
- Employees
- 25 (2023)
- Latest financial data
- 2023
- Accounts type
- Full
- Industry
- Solicitors (69.10/2 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
10.47%vs 20222022: £2.06M
Total Assets
-1.86%vs 20222022: £2.85M
Cash in Bank
-10.40%vs 20222022: £1.63M
Total Liabilities
-40.82%vs 20222022: £640.27K
Employees
0vs 20222022: 25
In 2023, SILK FAMILY LAW LIMITED reported net assets of £2.27M. The same filing shows total assets of £2.80M, cash in bank of £1.46M and total liabilities of £378.89K. Reported headcount was 25 in 2023. Total Liabilities fell from £640.27K in 2022 to £378.89K in 2023 (-40.82%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
10.47%from £2.06M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures SILK FAMILY LAW LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+21%vs 2021+10% a year compound (CAGR)
Cash in Bank
+5.7%vs 2021+2.8% a year compound (CAGR)
Total Assets
+5.2%vs 2021+2.6% a year compound (CAGR)
Total Liabilities
-38.9%vs 2021-21.8% a year compound (CAGR)
Employees
+4.2%vs 2021+1Biggest increase
Net Assets+21%
£1.88M in 2021 to £2.27M in 2023
Biggest decrease
Total Liabilities-38.9%
£620.20K in 2021 to £378.89K in 2023
SILK FAMILY LAW LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SILK FAMILY LAW LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 81.22%2023
- Liabilities to total assets
- 13.55%2023
- Cash to liabilities
- 386.33%2023
- Cash to total assets
- 52.37%2023
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SILK FAMILY LAW LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.88M | 2.06M | 2.27M |
| Total Assets£ | 2.66M | 2.85M | 2.80M |
| Cash in Bank£ | 1.38M | 1.63M | 1.46M |
| Total Liabilities£ | 620.20K | 640.27K | 378.89K |
| Employees | 24 | 25 | 25 |
SILK FAMILY LAW LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has SILK FAMILY LAW LIMITED filed financial statements?
Yes. Okredo holds filed figures for SILK FAMILY LAW LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
What net assets did SILK FAMILY LAW LIMITED report in 2023?
SILK FAMILY LAW LIMITED reported net assets of £2.27M for 2023. That compares with £2.06M in 2022, a change of 10.47%.
What total assets did SILK FAMILY LAW LIMITED report in 2023?
SILK FAMILY LAW LIMITED reported total assets of £2.80M for 2023. That compares with £2.85M in 2022, a change of -1.86%.
What cash in bank did SILK FAMILY LAW LIMITED report in 2023?
SILK FAMILY LAW LIMITED reported cash in bank of £1.46M for 2023. That compares with £1.63M in 2022, a change of -10.40%.
How many people does SILK FAMILY LAW LIMITED employ?
SILK FAMILY LAW LIMITED reported 25 employees in 2023, compared with 25 in 2022.
How have SILK FAMILY LAW LIMITED financials changed over the last 3 years?
Between 2021 and 2023, SILK FAMILY LAW LIMITED's net assets rose by 21%, cash in bank rose by 5.7%, total assets rose by 5.2% and total liabilities fell by 38.9%. Net assets compounded at 10% a year across the two years to 2023, from £1.88M to £2.27M. Reported headcount went from 24 in 2021 to 25 in 2023 (+1).
Which years of SILK FAMILY LAW LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.