# PENN FARADAY SOLICITORS LTD (07304628)

> PENN FARADAY SOLICITORS LTD is an active private limited company (company number 07304628) incorporated on 5 July 2010, registered in Oldham. Its registered activity is solicitors (SIC 69102). Latest small accounts cover the period ending 31 December 2024, showing net assets of £91k and cash of £290k, with 9 employees on average. Net assets rose 95% on the prior period (£47k).

- Status: Active
- Incorporated: 2010-07-05
- Registered office: Oldham, OL1 1RD
- SIC 69102: Solicitors
- Next accounts due: 2026-09-30
- Confirmation statement due: 2027-07-19
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the upper half of 784 comparable companies in Manchester (median £26k, upper quartile £158k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £91k | £290k | £22k | £257k | — | — | 9 |
| 2023-12-31 | £47k | £408k | £75k | £521k | — | — | 6 |

current ratio 1.25; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £90,708 at 31 December 2024
- Net assets up 10% or more on the prior period: +94.7% vs prior period
- Cash at bank of £50,000 or more: Cash £289,522
- Incorporated five or more years ago: Incorporated 5 July 2010
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mrs Shomaila Younas — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors; has significant influence or control, since 2016-07-08
- Mr Nauman Younas — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors; has significant influence or control, since 2016-07-08

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/07304628
HTML: https://firmoscan.com/company/07304628-penn-faraday-solicitors-ltd