NEWLAW LEGAL LIMITED

1. NEWLAW LEGAL LIMITED 2010-06-07 → present
2. NEWLAW (NO.2) LIMITED 2010-03-23 → 2010-06-07

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has been put into managed run-off which will take a minimum of two years to complete. During this time the Company will ensure that all existing matters are managed and concluded in accordance with all applicable laws and regulations and will maintain focus on delivering great customer service. The Directors have reviewed the ZIGUP plc Group's forecasts and projections taking account of reasonably possible downside sensitivities. The Company relies upon the support of its ultimate parent company, ZIGUP plc, and the going concern status of the Company is dependent upon the ongoing support of its parent. The ultimate parent company has confirmed that it will provide sufficient financial support to enable the Company to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of the financial statements. The Directors have considered this letter of support, have made enquiries of Group management and have concluded that the Company is a going concern.”

Group structure

1. NEWLAW LEGAL LIMITED · parent
   1. NewLaw Trustees Limited 100% · UK
   2. NLS Trustees Limited 100% · UK
   3. FMG Legal LLP 100% · UK · legal services

Significant events

• “In early May, the Company experienced a cyber incident. The Company immediately isolated its infrastructure to contain and eliminate the threat. The business required significant support from the ZIGUP Group before it could restart accepting new business and processing its case load. The incident resulted in an estimated one off £2,847,000 reduction in operating profit which is a combination of the cost of business interruption and costs of IT system recovery.”
• “a strategic decision was made during April 2025 to exit the Company from the personal injury and legal services market in the UK. New business is no longer being accepted and existing matters have been put into managed run-off that will take a minimum of two years to complete.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -26.1%

  £17,740,000 → £13,112,000

• Cash

  -2%

  £653,000 → £640,000

• Net assets

  -221.3%

  -£8,068,000 → -£25,919,000

• Employees

  -16.8%

  404 → 336

• Operating profit

  -347.6%

  -£4,326,000 → -£19,363,000

• Profit before tax

  -574.5%

  -£2,643,000 → -£17,826,000

• Wages

  -11%

  £11,912,000 → £10,604,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers