SIMPLY LEGAL TEAM LIMITED Financials
- Company number
- 11806600Copy
Copy - Industry
- Solicitors (69.10/2 - SIC 2007)
- Registered office
- Unit 12 Chess Business Park, Moor Road, Chesham, Buckinghamshire HP5 1SD
- Incorporated
- 05/02/2019
Company snapshot
- Status
- Active
- Employees
- 11 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
- Industry
- Solicitors (69.10/2 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-107.60K%vs 20232023: £102.00
Total Assets
-3.95%vs 20232023: £1.09M
Cash in Bank
-56.35%vs 20232023: £681.45K
Total Liabilities
7.23%vs 20232023: £1.06M
Employees
+2vs 20232023: 9
In 2024, SIMPLY LEGAL TEAM LIMITED reported net assets of £-109.66K. The same filing shows total assets of £1.04M, cash in bank of £297.46K and total liabilities of £1.14M. Reported headcount was 11 in 2024. Cash in Bank fell from £681.45K in 2023 to £297.46K in 2024 (-56.35%). Okredo holds filed figures for 2021–2024; 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
-107.60K%from £102.00 in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures SIMPLY LEGAL TEAM LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-38575%vs 2022Cash in Bank
-34.3%vs 2022-18.9% a year compound (CAGR)
Total Assets
+1748%vs 2022+330% a year compound (CAGR)
Total Liabilities
+2265%vs 2022+386% a year compound (CAGR)
Employees
+83.3%vs 2022+5Biggest increase
Total Liabilities+2265%
£48.22K in 2022 to £1.14M in 2024
Biggest decrease
Net Assets-38575%
£285.00 in 2022 to £-109.66K in 2024
SIMPLY LEGAL TEAM LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SIMPLY LEGAL TEAM 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
- -10.50%2024
- Liabilities to total assets
- 109.19%2024
- Cash to liabilities
- 26.08%2024
- Cash to total assets
- 28.48%2024
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 SIMPLY LEGAL TEAM LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 20.84K | 285.00 | 102.00 | -109.66K |
| Total Assets£ | 64.61K | 56.51K | 1.09M | 1.04M |
| Cash in Bank£ | – | 452.42K | 681.45K | 297.46K |
| Total Liabilities£ | 43.77K | 48.22K | 1.06M | 1.14M |
| Employees | 5 | 6 | 9 | 11 |
SIMPLY LEGAL TEAM LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has SIMPLY LEGAL TEAM LIMITED filed financial statements?
Yes. Okredo holds filed figures for SIMPLY LEGAL TEAM LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did SIMPLY LEGAL TEAM LIMITED report in 2024?
SIMPLY LEGAL TEAM LIMITED reported net assets of £-109.66K for 2024. That compares with £102.00 in 2023, a change of -107.60K%.
What total assets did SIMPLY LEGAL TEAM LIMITED report in 2024?
SIMPLY LEGAL TEAM LIMITED reported total assets of £1.04M for 2024. That compares with £1.09M in 2023, a change of -3.95%.
What cash in bank did SIMPLY LEGAL TEAM LIMITED report in 2024?
SIMPLY LEGAL TEAM LIMITED reported cash in bank of £297.46K for 2024. That compares with £681.45K in 2023, a change of -56.35%.
How many people does SIMPLY LEGAL TEAM LIMITED employ?
SIMPLY LEGAL TEAM LIMITED reported 11 employees in 2024, compared with 9 in 2023.
How have SIMPLY LEGAL TEAM LIMITED financials changed over the last 3 years?
Between 2022 and 2024, SIMPLY LEGAL TEAM LIMITED's net assets fell by 38575%, cash in bank fell by 34.3%, total assets rose by 1748% and total liabilities rose by 2265%. Cash in bank contracted at 18.9% a year across the two years to 2024, from £452.42K to £297.46K. Reported headcount went from 6 in 2022 to 11 in 2024 (+5).
Which years of SIMPLY LEGAL TEAM LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.