Britannia Steam Ship Insurance Association Limited(the)

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britannia steam ship insurance association limited(the) Company Information

Live

MatureMicroDeclining

Company Number

00010340

Website

http://britanniapandi.com

Registered Address

regis house, 45 king william street, london, EC4R 9AN

Industry

Non-life insurance

Telephone

02074073588

Next Accounts Due

November 2025

Group Structure

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Directors

Andrew Cutler12 Years

Shin-Chyi Lan11 Years

View All

Shareholders

-0%

britannia steam ship insurance association limited(the) Estimated Valuation

£9m

Pomanda estimates the enterprise value of BRITANNIA STEAM SHIP INSURANCE ASSOCIATION LIMITED(THE) at £9m based on Net Assets of £6.1m and 1.48x industry multiple (adjusted for liquidity).

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Britannia Steam Ship Insurance Association Limited(the) is a live company located in london, EC4R 9AN with a Companies House number of 00010340. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 1876, it's largest shareholder is unknown. Britannia Steam Ship Insurance Association Limited(the) is a mature, micro sized company, Pomanda has estimated its turnover at £424.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Britannia Steam Ship Insurance Association Limited(The) a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £424.3k, make it smaller than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -74%, show it is growing at a slower rate (10.4%)

EXPORT

Britannia Steam Ship Insurance Association Limited(The)'s latest turnover from February 2024 is £424.3 thousand and the company has net assets of £6.1 million. According to their latest financial statements, we estimate that Britannia Steam Ship Insurance Association Limited(The) has 3 employees and maintains cash reserves of £8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	424,340	0	3,263,431	25,132,830	25,688,744	112,751,402	120,380,757	123,889,572	147,621,179	145,333,876	135,742,266	135,607,209	139,097,519	136,460,770	136,810,757
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	771	0	101,546	801,039	1,107,541	4,614,728	6,615,415	10,810,581	13,972,307	23,933,477	26,121,898	33,724,300	32,114,102	39,996,023	50,331,255
Gross Profit	423,569	0	3,161,885	24,331,790	24,581,203	108,136,674	113,765,342	113,078,992	133,648,872	121,400,399	109,620,368	101,882,909	106,983,417	96,464,747	86,479,502
Admin Expenses	790,074	111,421	457,984	7,445,698	6,581,425	116,217,405	35,557,872	81,490,211	152,665,638	104,459,379	87,692,756	73,624,595	93,559,178	51,981,782	58,373,124
Operating Profit	-366,505	-111,421	2,703,901	16,886,092	17,999,778	-8,080,731	78,207,470	31,588,781	-19,016,766	16,941,020	21,927,612	28,258,314	13,424,239	44,482,965	28,106,378
Interest Payable	41,318	0	1,937,115	6,337,162	5,000,814	0	200	61,398	76,295	24,635	11,993	0	0	0	0
Interest Receivable	357,945	125,966	110,754	47,553	563,857	737,339	412,440	141,719	227,098	184,344	135,940	119,457	166,844	201,591	89,173
Pre-Tax Profit	-52,947	14,923	1,145,146	9,233,894	11,617,083	-6,445,217	64,616,478	26,018,917	-17,849,503	14,260,889	17,581,555	22,267,709	11,862,364	32,852,096	23,520,584
Tax	3,069	-3,142	-434,339	-650,743	-631,198	-898,175	-934,513	-683,636	-1,016,461	-751,313	-601,855	-700,603	-1,804,962	-679,215	-3,219,788
Profit After Tax	-49,877	11,781	710,807	8,583,151	10,985,885	-7,343,392	63,681,965	25,335,281	-18,865,964	13,509,576	16,979,700	21,567,106	10,057,402	32,172,880	20,300,797
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-49,877	11,781	710,807	8,583,151	10,985,885	-7,343,392	63,681,965	25,335,281	-18,865,964	13,509,576	16,979,700	21,567,106	10,057,402	32,172,880	20,300,797
Employee Costs	187,789	0	0	0	8,970,407	39,131,421	45,295,002	48,169,991	54,922,577	52,815,908	50,267,037	47,872,974	54,571,321	50,755,116	49,070,514
Number Of Employees	3	1	22	177	175	735	858	942	1,121	1,054	1,023	1,015	1,161	1,085	994
EBITDA*	-366,505	-111,421	2,703,901	16,886,092	17,999,778	-8,080,731	78,207,470	31,588,781	-19,016,766	16,941,020	21,927,612	28,258,314	13,424,239	44,482,965	28,106,378

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	367,557	0	75,591,031	962,283,026	1,050,103,484	1,079,338,810	1,038,535,835	1,124,069,635	974,069,363	868,158,765	793,363,371	742,425,537	622,530,458	614,996,680
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	367,557	0	75,591,031	962,283,026	1,050,103,484	1,079,338,810	1,038,535,835	1,124,069,635	974,069,363	868,158,765	793,363,371	742,425,537	622,530,458	614,996,680
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	527,931	0	8,051,832	54,175,896	60,160,360	60,104,274	62,640,726	64,621,103	64,564,076	3,758,350	67,811,064	73,770,649	63,730,507	80,179,947
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	8,019,490	6,298,303	44,301,730	50,804,198	99,557,627	97,066,119	67,909,874	45,465,372	45,373,808	28,363,707	26,012,413	21,770,521	44,967,105	35,669,323
misc current assets	0	0	162,483	7,783,569	4,788,688	4,327,356	3,745,771	6,852,765	6,709,310	6,082,106	6,791,192	7,723,069	6,740,375	6,221,116
total current assets	8,547,422	6,298,303	52,516,045	166,551,574	191,813,729	181,390,315	172,469,240	156,313,434	129,260,519	104,737,013	102,088,083	106,101,792	119,463,328	125,711,155
total assets	8,914,979	6,298,303	128,107,076	1,128,834,600	1,241,917,213	1,260,729,126	1,211,005,075	1,280,383,069	1,103,329,882	972,895,778	895,451,453	848,527,330	741,993,787	740,707,835
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	552,486	0	744,171	9,729,280	13,204,835	15,753,219	12,110,120	16,386,255	11,730,385	11,845,126	11,246,046	10,460,489	9,306,165	17,733,732
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	751,228	0	59,603,542	148,172,277	0	0	6,152	1,958,583	388,967	369,025	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,406,384	3,142	60,347,713	157,981,180	14,164,626	18,503,041	16,587,973	24,712,129	18,024,107	15,970,556	15,777,287	18,667,007	23,945,541	43,126,162
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	408,226	0	53,216,346	867,711,183	919,149,222	902,580,773	902,705,321	992,911,325	810,760,926	727,988,196	684,641,046	644,467,759	550,584,795	550,109,562
total liabilities	2,814,610	3,142	113,564,059	1,025,692,363	933,313,848	921,083,814	919,293,294	1,017,623,454	828,785,033	743,958,752	700,418,333	663,134,766	574,530,336	593,235,724
net assets	6,100,368	6,295,162	14,543,017	103,142,237	308,603,365	339,645,312	291,711,781	262,759,615	274,544,850	228,937,026	195,033,120	185,392,563	167,463,450	147,472,112
total shareholders funds	6,100,368	6,295,162	14,543,017	103,142,237	308,603,365	339,645,312	291,711,781	262,759,615	274,544,850	228,937,026	195,033,120	185,392,563	167,463,450	147,472,112

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-366,505	-111,421	2,703,901	16,886,092	17,999,778	-8,080,731	78,207,470	31,588,781	-19,016,766	16,941,020	21,927,612	28,258,314	13,424,239	44,482,965	28,106,378
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	3,069	-3,142	-434,339	-650,743	-631,198	-898,175	-934,513	-683,636	-1,016,461	-751,313	-601,855	-700,603	-1,804,962	-679,215	-3,219,788
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	527,931	0	-8,051,832	-46,124,064	-5,984,464	56,087	-2,536,452	-1,980,377	57,027	60,805,726	-64,052,714	-5,959,585	10,040,142	-16,449,440	80,179,947
Creditors	552,486	0	-744,171	-8,985,109	-3,475,555	-2,548,385	3,643,099	-4,276,135	4,655,870	-114,741	599,080	785,558	1,154,324	-8,427,567	17,733,732
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-338,881	-114,563	9,577,223	53,374,304	19,877,489	-11,583,378	83,452,508	28,609,387	-15,434,384	-44,730,760	85,977,551	34,302,854	2,733,459	51,825,623	-37,559,625
Investing Activities
capital expenditure	-367,557	0	75,591,031	886,691,995	87,820,458	29,235,327	-40,802,975	85,533,800	-150,000,272	-105,910,598	-74,795,395	-50,937,833	-119,895,079	-7,533,778	-614,996,680
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-367,557	0	75,591,031	886,691,995	87,820,458	29,235,327	-40,802,975	85,533,800	-150,000,272	-105,910,598	-74,795,395	-50,937,833	-119,895,079	-7,533,778	-614,996,680
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	751,228	0	-59,603,542	-88,568,734	148,172,277	0	-6,152	-1,952,431	1,569,616	19,942	369,025	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-144,916	6,283,381	-15,253,824	-97,182,370	-216,447,013	-23,698,554	-15,748,434	3,616,885	7,080,729	32,098,248	16,924,205	-11,926,549	7,871,711	-12,181,541	127,171,315
interest	316,627	125,966	-1,826,361	-6,289,609	-4,436,957	737,339	412,240	80,321	150,803	159,709	123,947	119,457	166,844	201,591	89,173
cash flow from financing	922,939	6,409,347	-76,683,727	-192,040,713	-72,711,693	-22,961,215	-15,342,346	1,744,775	8,801,148	32,277,899	17,417,177	-11,807,092	8,038,555	-11,979,950	127,260,488
cash and cash equivalents
cash	1,721,187	6,298,303	-44,301,730	-6,502,468	-48,753,429	2,491,508	29,156,245	22,444,502	91,564	17,010,100	2,351,294	4,241,892	-23,196,584	9,297,783	35,669,323
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,721,187	6,298,303	-44,301,730	-6,502,468	-48,753,429	2,491,508	29,156,245	22,444,502	91,564	17,010,100	2,351,294	4,241,892	-23,196,584	9,297,783	35,669,323

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for britannia steam ship insurance association limited(the) by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC4R area or any other competitors across 12 key performance metrics.

BRITANNIA STEAM SHIP INSURANCE ASSOCIATION LIMITED(THE) group structure

Britannia Steam Ship Insurance Association Limited(The) has no subsidiary companies.

Ultimate parent company

BRITANNIA STEAM SHIP INSURANCE ASSOCIATION LIMITED(THE)

00010340

BRITANNIA STEAM SHIP INSURANCE ASSOCIATION LIMITED(THE) Shareholders

Britannia Steam Ship Insurance Association Limited(The) currently has 14 directors. The longest serving directors include Mr Andrew Cutler (Jul 2012) and Ms Shin-Chyi Lan (Oct 2013).

officer	country	age	start	end	role
Mr Andrew Cutler		58 years	Jul 2012	-	Director
Ms Shin-Chyi Lan	England	48 years	Oct 2013	-	Director
Mr Anthony Firmin		70 years	Oct 2014	-	Director
Mr Louis Martel	England	59 years	May 2017	-	Director
Mr James Warwick		58 years	Jan 2018	-	Director
Egied Verbeeck		50 years	May 2018	-	Director
Mr Xavier Villers		65 years	May 2019	-	Director
Mr Dimitri Saracakis		48 years	May 2019	-	Director
Dr Maximilian Rothkopf		44 years	Jan 2021	-	Director
Mr Michael Hall	United Kingdom	51 years	May 2021	-	Director

P&L

February 2024

turnover

424.3k

operating profit

-366.5k

gross margin

99.9%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

6.1m

-0.03%

total assets

8.9m

+0.42%

cash

+0.27%

net assets

Total assets minus all liabilities

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company number

00010340

Type

Private Ltd By Guarantee w/o Share Cap

industry

65120 - Non-life insurance

incorporation date

February 1876

ultimate parent company

None

previous names

N/A

address

regis house, 45 king william street, london, EC4R 9AN

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to britannia steam ship insurance association limited(the). Currently there are 5 open charges and 1 have been satisfied in the past.

britannia steam ship insurance association limited(the) Company Information

britannia steam ship insurance association limited(the) Estimated Valuation

britannia steam ship insurance association limited(the) Estimated Valuation

britannia steam ship insurance association limited(the) Estimated Valuation

Britannia Steam Ship Insurance Association Limited(the) Overview

Britannia Steam Ship Insurance Association Limited(the) Health Check

BRITANNIA STEAM SHIP INSURANCE ASSOCIATION LIMITED(THE) financials

britannia steam ship insurance association limited(the) Credit Report and Business Information

Britannia Steam Ship Insurance Association Limited(the) Competitor Analysis

britannia steam ship insurance association limited(the) Ownership

britannia steam ship insurance association limited(the) directors

britannia steam ship insurance association limited(the) company details

britannia steam ship insurance association limited(the) Charges & Mortgages

britannia steam ship insurance association limited(the) Companies House Filings - See Documents