IME LAW LIMITED

• ⚠

  Material uncertainty over going concern

  It is the present intention of the Directors that the Company will become dormant following the settlement of all residual liabilities and the successful resolution of all obligations. The timeframe for this is currently uncertain but could feasibly occur with 12 months from the date the audit report was signed. On this basis, the Company is not considered to be a going concern and these financial statements have been prepared on a basis other than going concern. There is no difference in these financial statements as a result of the departure from the going concern basis.

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 101

Reporting scope

Standalone (parent only)

Auditor

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“It is the present intention of the Directors that the Company will become dormant following the settlement of all residual liabilities and the successful resolution of all obligations. The timeframe for this is currently uncertain but could feasibly occur with 12 months from the date the audit report was signed. On this basis, the Company is not considered to be a going concern and these financial statements have been prepared on a basis other than going concern. There is no difference in these financial statements as a result of the departure from the going concern basis.”

Significant events

• “During FY23, the Irwin Mitchell Holdings Limited Board completed a strategic review of the volume personal injury business in which the company operates in, and driven largely by recent law reforms the board made the decision to withdraw from this sector.”
• “In September 2021 the board announced that it had entered into a run-off agreement with Minster Law and Gildeas Solicitors to acquire the company's back book of fast-track road traffic accidents, employer liability and public liability injury claims.”
• “The Company will continue to trade for at least the next 12 months, until all ongoing matters have reached completion.”
• “There have been no material post balance sheet events to report.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -31%

  £2,253,651 → £1,555,599

• Cash

  -72.5%

  £669,724 → £183,868

• Net assets

  -61.2%

  £1,482,363 → £575,072

• Employees

  —

  Not reported

• Operating profit

  -133.8%

  -£520,771 → -£1,217,666

• Profit before tax

  -146.1%

  -£491,483 → -£1,209,721

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