Saracens Limited

Saracens Limited, based in Hendon, UK, is a large, active holding company founded 29 years ago. With 159 employees and £5,591,903 in assets, it’s a significant player. The company has five directors and one owner, and operates from a real address at Stonex Stadium, Greenlands Lane. It’s an irregular importer, with its top import category being clothing and accessories, not knitted or crocheted, totaling 2 months of imports. The last import operation was conducted on December 01, 2023.

Saracens Limited primarily functions as a solicitor’s firm, offering a wide range of legal services to both personal and business clients. Their website details expertise in areas like civil litigation, conveyancing, family law, immigration, and luxury asset management—covering everything from aircraft and couture clothing to racehorses and yachts. They even have a dedicated section for crypto and blockchain legal services. It seems they are trying to be all things to all clients.

Financially, the picture is complex. While revenue remained steady at £29 million, net assets have plummeted by a staggering 38%, reaching -£6.4 million. This suggests significant losses or increased liabilities. Bank borrowings have also increased substantially, rising by 110% to £13 million. Creditors have also increased by 36%, reaching £22 million. Despite these challenges, cash reserves have remained relatively stable at £660,000. The company’s average number of employees increased slightly, rising by 8.8% to 170. The company’s auditors, Moore Kingston Smith LLP, have issued an unqualified opinion on the financial statements. It's likely that the company is facing increased operating costs or perhaps making significant investments in its legal services. The large increase in borrowings suggests a need for capital to support these activities, and the negative equity raises concerns about long-term financial stability.

Registered in England/Wales under the registration number 03110665, with a registered address at NW4 1RL, United Kingdom, Hendon, London, Stonex Stadium, Greenlands Lane.

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