THE ASSOCIATE LAW FIRM LIMITED Financials
- Company number
- 06573351Copy
Copy - Industry
- Solicitors (69.10/2 - SIC 2007)
- Registered office
- 184 Chillingham Road, Newcastle Upon Tyne NE6 5BU
- Incorporated
- 22/04/2008
Company snapshot
- Status
- Active
- Employees
- 5 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
- Industry
- Solicitors (69.10/2 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
0.66%vs 20232023: £58.00K
Total Assets
4.24%vs 20232023: £298.53K
Cash in Bank
First reported yearTotal Liabilities
5.21%vs 20232023: £239.50K
Employees
-1vs 20232023: 6
In 2024, THE ASSOCIATE LAW FIRM LIMITED reported net assets of £58.39K. The same filing shows total assets of £311.18K, cash in bank of £83.00 and total liabilities of £251.99K. Reported headcount was 5 in 2024. Total Assets rose from £298.53K in 2023 to £311.18K in 2024 (4.24%). 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
0.66%from £58.00K 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 THE ASSOCIATE LAW FIRM LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-29.9%vs 2022-16.3% a year compound (CAGR)
Total Assets
-23.1%vs 2022-12.3% a year compound (CAGR)
Total Liabilities
-21.5%vs 2022-11.4% a year compound (CAGR)
Employees
-28.6%vs 2022-2Biggest decrease
Net Assets-29.9%
£83.32K in 2022 to £58.39K in 2024
Every indicator Okredo holds for THE ASSOCIATE LAW FIRM LIMITED fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from THE ASSOCIATE LAW FIRM 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
- 18.76%2024
- Liabilities to total assets
- 80.98%2024
- Cash to liabilities
- 0.03%2023
- Cash to total assets
- 0.03%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 THE ASSOCIATE LAW FIRM 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£ | 74.39K | 83.32K | 58.00K | 58.39K |
| Total Assets£ | 376.39K | 404.46K | 298.53K | 311.18K |
| Cash in Bank£ | – | – | 83.00 | – |
| Total Liabilities£ | 300.72K | 321.13K | 239.50K | 251.99K |
| Employees | 7 | 7 | 6 | 5 |
THE ASSOCIATE LAW FIRM LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has THE ASSOCIATE LAW FIRM LIMITED filed financial statements?
Yes. Okredo holds filed figures for THE ASSOCIATE LAW FIRM LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did THE ASSOCIATE LAW FIRM LIMITED report in 2024?
THE ASSOCIATE LAW FIRM LIMITED reported net assets of £58.39K for 2024. That compares with £58.00K in 2023, a change of 0.66%.
What total assets did THE ASSOCIATE LAW FIRM LIMITED report in 2024?
THE ASSOCIATE LAW FIRM LIMITED reported total assets of £311.18K for 2024. That compares with £298.53K in 2023, a change of 4.24%.
What cash in bank did THE ASSOCIATE LAW FIRM LIMITED report in 2023?
THE ASSOCIATE LAW FIRM LIMITED reported cash in bank of £83.00 for 2023. There is no earlier filing to compare it against.
How many people does THE ASSOCIATE LAW FIRM LIMITED employ?
THE ASSOCIATE LAW FIRM LIMITED reported 5 employees in 2024, compared with 6 in 2023.
How have THE ASSOCIATE LAW FIRM LIMITED financials changed over the last 3 years?
Between 2022 and 2024, THE ASSOCIATE LAW FIRM LIMITED's net assets fell by 29.9%, total assets fell by 23.1%, total liabilities fell by 21.5% and employee numbers fell by 28.6%. Net assets contracted at 16.3% a year across the two years to 2024, from £83.32K to £58.39K. Reported headcount went from 7 in 2022 to 5 in 2024 (-2).
Which years of THE ASSOCIATE LAW FIRM 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.