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Grey-Smith Legal Limited

12496172

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

97 HIGH STREET, SALTBURN BY THE SEA, TS12 2DY
Incorporated 03/03/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

69102
Solicitors

Officers

Mrs Joanne Louise Grey

director · Since 03/03/2020

DIRECTOR

BRITISH · ENGLAND · Age 46

Miss Victoria Leigh Fidgeon

director · Since 29/01/2024

SOLICITOR

BRITISH · ENGLAND · Age 30

Mrs Eleanor Bellas

director · Since 28/02/2024

SOLICITOR

BRITISH · ENGLAND · Age 37

Mrs Kayleigh Rayner

director · Since 01/03/2024

SOLICITOR

BRITISH · ENGLAND · Age 32

Mrs Joanne Marie Bland

director · Since 04/09/2026

BRITISH · ENGLAND · Age 44

Persons with Significant Control

Mr Stephen John Padgett

75–100% shares

British · England · Age 56

Mordon Lodge, Mordon Lodge, Stockton-On-Tees, TS21 2HD

Notified 01/08/2024

Former PSCs

Sdde Smith Group Limited

Ceased 06/02/2024

Sdde Professional Services Limited

Ceased 01/08/2024

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 18/07/2023Registered 18/07/2023Satisfied 26/11/2024
Charge
satisfied

LLOYDS BANK PLC

Created 04/07/2023Registered 05/07/2023Satisfied 24/07/2024

CompanyRankvs 7315+ SIC 69102 peers
32

Financial strength1th percentile among SIC peers · 0/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.67× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Page 3 continued... Grey-Smith Legal Limited (Registered number: 12496172) Notes to the Financial Statements - continued for the Year Ended 31 December 2024 2. ACCOUNTING POLICIES - continued Going concern The directors assess whether the use of going concern is appropriate i.e. if there are any material uncertainties related to events or conditions that may cast significant doubt on the a

Key FinancialsYear ending 31/12/2024

Net Worth

-£428k

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

-£155k

Working capital

Current Assets

£313k

Current Liabilities

£467k

Fixed Assets

£175k

Debtors

£296k

27avg. employees

Balance Sheet

Intangible assets£121k
Assets less current liabilities£20k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.67

Derived from filed accounts. Not audited figures.