Company Overview
Prospect Legal Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 04 April 2005, so this is a well established company. Prospect Legal Limited has been in business for 20 years and 11 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 30 September 2026.
Registered Address

98 Liverpool Road Formby, Liverpool, Merseyside, L37 6BS
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Companies House Data
Company NamePROSPECT LEGAL LIMITED
Company Number05412178
Registered Office Address98 Liverpool Road Formby
 L37 6BS
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date04/04/2005
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date02/05/2017
Returns Last Made Up Date04/04/2016
Directors & Members
Show Resigned
Nicola McLachlan - Director
(British, 55 years old, born December 1971)
Appointed 30 July 2022
 Active
Secretaries
Show Resigned
Nicola McLachlan - Secretary
(British)
Appointed 20 September 2010
 Active
Other Company Directorships
Nicola McLachlan
ACORN GROUP SERVICES LIMITED
DCI 2 LIMITED
DCI 3 LIMITED
DCI 4 LIMITED
DCI 5 LIMITED
DISTRICT AND COUNTY DEVELOPMENTS LIMITED
DISTRICT AND COUNTY INVESTMENTS LIMITED
GRANITE HOLDINGS ONE LIMITED
PORTSIDE PLACE DEVELOPMENTS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2017 31-Dec-2016
Balance Sheet
Fixed Assets 319,708 319,708 226,835
Current Assets 1,572,064 1,572,064 1,231,440
Creditors Due Within One Year 1,264,772 1,264,772 1,098,498
Working Cap 307,292 307,292 132,942
Total Assets Less Current Liabilities 627,000 627,000 359,777
Long-term Liabilities 6,000 6,000 51,440
Net Assets 621,000 621,000 308,337
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 621,000 621,000 308,337
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2017 31-Dec-2016
Tangible Fixed Assets - - -
Fixed Assets 16.9% 16.9% 15.6%
Stocks Inventory - - -
Debtors 55.2% 55.2% 26.8%
Cash Bank In Hand 27.9% 27.9% 57.7%
Current Assets 83.1% 83.1% 84.4%
Creditors Due Within One Year 66.9% 66.9% 75.3%
Net Current Assets Liabilities 16.2% 16.2% 9.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 32.8% 32.8% 21.1%
Capital Employed - - -
Total Assets Less Current Liabilities 33.1% 33.1% 24.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2017 31-Dec-2016
Liquidity Ratio 1.2 1.2 1.1
Solvency Ratio 1.5 1.5 1.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2017 31-Dec-2016
Assets 1,891,772 1,891,772 1,458,275
Debt 1,270,772 1,270,772 1,149,938
Net Assets/Debt 621,000 621,000 308,337

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around L37 6BS
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42 DUKE STREET, FORMBY, LIVERPOOL, MERSEYSIDE, L37 6BS
ACORN INSURANCE AND FINANCIAL SERVICES LIMITED
98 Liverpool Road Formby, Liverpool, Merseyside, L37 6BS
GRANITE FINANCE LTD
98 LIVERPOOL ROAD, FORMBY, LIVERPOOL, MERSEYSIDE, L37 6BS
ACORN GROUP SERVICES LIMITED
THE LIGHTHOUSE 98 LIVERPOOL ROAD, FORMBY, LIVERPOOL, MERSEYSIDE, L37 6BS
Document Filings
Consolidated accounts of parent company for subsidiary company period ending 31/12/24
Notice of agreement to exemption from audit of accounts for period ending 31/12/24
Audit exemption statement of guarantee by parent company for period ending 31/12/24
Confirmation statement made on 24 April 2025 with no updates
Confirmation statement made on 4 April 2025 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/23
Notice of agreement to exemption from audit of accounts for period ending 31/12/23
Audit exemption statement of guarantee by parent company for period ending 31/12/23
Confirmation statement made on 4 April 2024 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/22
Audit exemption statement of guarantee by parent company for period ending 31/12/22
Notice of agreement to exemption from audit of accounts for period ending 31/12/22
Confirmation statement made on 4 April 2023 with no updates
Termination of appointment of Alan Peter Keating as a director on 30 July 2022
Appointment of Mrs Nicola Kate Mclachlan as a director on 30 July 2022
Consolidated accounts of parent company for subsidiary company period ending 31/12/21
Notice of agreement to exemption from audit of accounts for period ending 31/12/21
Audit exemption statement of guarantee by parent company for period ending 31/12/21
Confirmation statement made on 4 April 2022 with no updates
Amended total exemption full accounts made up to 31 December 2020
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