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Large Commercial Law Firm In Plymouth City Centre

Plymouth, Devon, South WestIdentity protected

Available

Large commercial law firm in Plymouth city centre

About this business

A commercial law firm of 78 people covering corporate deals, commercial property, employment, dispute resolution and banking for businesses across the South West. It works from leased offices in Plymouth city centre and was founded in 2007. Fee income has eased from £7.72m in 2021 to £7.0m, but adjusted EBITDA has held up and edged higher, reaching £1.44m. Net profit is £1.07m and the asking price is £5.35m. A buyer would want to understand which teams account for the fall in fees.

Key investment highlights

Corporate, property, employment and disputes
Team of 78
Adjusted EBITDA of £1.44m
Leased offices in central Plymouth

Reason for sale

The equity partners have agreed to sell as part of a long-planned succession.

One thing worth reading before you enquire

Worth a look

Revenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.

Revenue directionWorth a look
Turnover edged down -2.6% in 2026.
- 2021: baseline
- 2022 (-0.2%)
- 2023 (-2.1%)
- 2024 (-3.6%)
- 2025 (-1.2%)
- 2026 (-2.6%)
- Peak 2021 to latest 2026: -9.3%
6 years of turnover, 2021 to 2026, as supplied by the seller.
Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.

EBITDA margin widened from 17.5% in 2021 to 20.5% in 2026.

These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.

Computing valuation...

What happens next

Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.