Ec Legal Limited

Legal Ec Ltd from London UK: a small, active company founded six years ago, holds £483,698 in assets, and operates from a virtual address. It’s a solo founder operation led by a single director and owner, Yinhal Yotam. The business primarily operates in the retail sale via mail order houses or via internet industries.

The company’s website, Legal Ec, details a range of services, including legal advice, document preparation, and contract review. It positions itself as a cost-effective alternative to traditional law firms, catering to individuals and small businesses. The site features a blog with articles on legal topics, further reinforcing its expertise. While it’s difficult to determine the exact nature of its legal practice without more information, the website suggests a focus on practical, accessible legal solutions.

Financially, Legal Ec Ltd presents a mixed picture. Current assets have declined by 34%, dropping to £480,000. Bank borrowings have decreased by 41%, settling at £5,800. Cash reserves have increased by 56%, reaching £25,000. However, creditors have fallen by 38%, and equity has decreased by 64%, leaving the company with net assets of just -£22,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity decline is a cause for concern. It’s worth noting that the company’s trade debtors have also fallen by 36%, which could indicate that customers are paying more promptly, or that sales have slowed. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Legal Ec Ltd appears to be navigating a challenging financial landscape. The decrease in equity suggests the company may be burning through cash, although increased cash reserves offer some respite. The solo founder model, while efficient, may also place a heavy burden on the director.

Registered in England/Wales under the registration number 11930029, with a registered address at N21 3NA, United Kingdom, London, 1 Kings Avenue.

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