BTO SOLICITORS LLP

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

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Market volatility and some uncertainty surrounding the United Kingdom and global economic outlook remain the biggest challenge facing all businesses in the short to medium term. The firm has a broad client base with no significant exposure to any narrow market sector. Financial projections including cash flows have been prepared by management and reviewed by the Management Board. Based on the above, the members consider that the LLP has adequate resources to continue in operational existence for the foreseeable future.”

Group structure

1. BTO SOLICITORS LLP · parent
   1. RGDP LLP 80% · Scotland

Significant events

• “Launched core Values which promote how BTO interacts with our clients and staff in what we say, how we think and how we act every day. The Values being Positive, Supportive, Brave and Insightful reflect the beliefs we share as an organisation.”
• “Our new website was the product of many months of hard work, creativity and content production from the very talented BTO team leading the project.”
• “Our ESG Group introduced a range of initiatives all designed to foster an inclusive workplace and to encourage our people to contribute to our culture of sustainability and social responsibility.”
• “Presented our new Strategic Business Plan, the principal aims of which are to ensure our continued success as one of the leading legal firms in Scotland with a progressive, high performing, positive and supportive culture focused on achieving sustainable and profitable growth, and to excel at being both great to work with and a great place to work.”
• “Continued to invest in high quality talent across the business. Towards the end of the financial year, four new Partners arrived in our Corporate, Real Estate, Construction and Regulatory/Criminal Defence teams, two new Partners were assumed through internal promotion in Corporate and Real Estate and three new Legal Directors joined BTO in our Employment, Real Estate and Construction teams respectively.”
• “Committed to investments in three significant IT projects in our core practice and document management systems as a part of our migration to the Cloud allowing us to bring the latest functionality, security and resilience to BTO and enabling us to service our clients' work more efficiently.”
• “Another strong performance within our Dispute Resolution Group improving on last year's 25% advancement. Our Private Client Group delivered good growth across family law, estate planning and residential conveyancing. Our Commercial Group comprising our Corporate and Real Estate teams had another solid year... Our Liability, Risk and Regulatory Group secured important contract extensions...”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

6

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

  +8.1%

  £19,574,696 → £21,165,817

• Cash

  +60.5%

  £1,199,054 → £1,924,090

• Net assets

  +11.9%

  £4,261,219 → £4,769,550

• Employees

  +2.6%

  189 → 194

• Operating profit

  +12.1%

  £6,298,199 → £7,060,167

• Profit before tax

  +12.1%

  £6,371,447 → £7,141,315

• Wages

  +9.5%

  £6,842,334 → £7,494,869

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