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Simpson Millar narrows annual loss to £4.9 million and discloses two summer PI acquisitions
Consumer and personal injury firm Simpson Millar LLP cut its loss to £4.93 million in calendar 2025 from £9 million in 2024 as turnover rose 11.5% to £24.6 million, its financial statements show, the Law Gazette reported October 13, 2026. The group also bought two personal injury businesses this summer: Fife PI from Forster Dean and Clear Law's personal injury practice.
Key points
- In June, the group bought Wirral-based Fife PI's trade and assets from Forster Dean for £750,000 cash plus a £669,000 performance-related payment.Law Gazette
- In July, it acquired Manchester-based Clear Law's personal injury practice for £900,000 cash, with a further £1.85 million contingent payment agreed.Law Gazette
- Net liabilities rose to £41.8 million at December 31, 2025, from £36.9 million, with £88 million owed within one year.Law Gazette
- Ultimate parent Doorway 4 Law, a legal-sector equity provider, has extended loan funding to £32 million with no set repayment date.Law Gazette
- Headcount fell 18% to 294 during 2025, with 18 fee earners and 46 administrative staff cut.Law Gazette