HERBERT SMITH FREEHILLS KRAMER SPAIN LLP

1. HERBERT SMITH FREEHILLS KRAMER SPAIN LLP 2025-05-29 → present
2. HERBERT SMITH FREEHILLS SPAIN LLP 2012-10-01 → 2025-05-29
3. HERBERT SMITH SPAIN LLP 2009-04-28 → 2012-10-01
4. HERBERT SMITH TWO LLP 2009-04-20 → 2009-04-28

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The LLP relies on financial support from the immediate parent undertaking, Herbert Smith Freehills Kramer LLP (formerly Herbert Smith Freehills LLP), and the designated members have received confirmation that the immediate parent entity will continue to provide that support to enable the LLP to meet its financial obligations for a period of at least 12 months from the date of approving these financial statements. As set out in note 1 to the financial statements, the designated members are satisfied that Herbert Smith Freehills Kramer LLP has the ability to provide that support taking into account its forecasts and cash flow projections. For this reason, the designated members continue to adopt the going concern basis in preparing these financial statements.”

Significant events

• “Business conditions were relatively positive resulting in a 6% increase (2024: 3% drop) in revenues over the prior year. Inflation and macroeconomic headwinds continue to pose risks to the market that we operate in and our clients. We have set ourselves up in the best way possible to work through these challenges.”

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

Filings

8

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

  +5.6%

  £28,147,538 → £29,726,075

• Cash

  -46.8%

  £1,402,566 → £746,359

• Net assets

  +42.8%

  -£2,603,155 → -£1,489,251

• Employees

  +3.5%

  141 → 146

• Operating profit

  +50.1%

  -£2,231,276 → -£1,113,904

• Profit before tax

  +42.1%

  -£2,573,682 → -£1,489,251

• Wages

  +2.3%

  £22,408,114 → £22,922,157

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