Factor Law Ltd

Factor Law Ltd, based in London, UK, is a large holding company with an active status, established six years ago. The company employs 253 people and holds £8,157,184 in assets, generating a yearly revenue of £19,951,296. Despite having a registered address, it’s flagged as a virtual address due to a high number of companies sharing the same location. The leadership team consists of three directors and one owner, and the company operates in the professional, scientific, and technical activities sector. It’s an irregular exporter of electrical machinery and equipment, with just one month of export activity recorded.

The company's website paints a picture of a modern legal operations consultancy specializing in AI-powered solutions. Factor Law doesn's just provide legal services; it's actively integrating artificial intelligence to transform how legal work is done. Their offerings range from contract management and clinical trial agreements to regulatory response and AI enablement, catering to a wide range of legal needs. They emphasize a "human-AI hybrid" approach, combining legal expertise with technology to unlock new levels of efficiency and strategic focus. They even offer a "Sense Collective," a membership community for senior legal professionals to share intelligence and co-develop AI solutions.

Financially, Factor Law Ltd shows a mixed picture. Current assets decreased by 12% to £8,200,000, while net assets declined 17% to £3,400,000. Bank borrowings increased by a significant 29% to £6,100,000, and cash reserves fell 72% to £440,000. Creditors also decreased by 21% to £4,500,000. The company’s size (meeting two of three criteria for a large company) suggests a certain level of established operations, but the decrease in cash reserves and increase in borrowings could indicate tighter financial conditions. The company’s unaudited financial statements, prepared by Grant Thornton (NI) LLP, rely on director-reported data.

The company’s irregular export activity, limited to electrical machinery and equipment, suggests a relatively small international presence. The decrease in cash reserves and increase in borrowings could be related to investments in AI technologies or expansion efforts. It's clear that Factor Law Ltd is navigating the complexities of integrating AI into the legal industry, a challenging but potentially rewarding endeavor.

Registered in England/Wales under the registration number 11777429, with a registered address at SW1H 0BL, United Kingdom, London, Suite 1, 7th Floor 50 Broadway.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.