the united kingdom mutual steam ship assurance association limited
the united kingdom mutual steam ship assurance association limited Company Information
Group Structure
View All
Industry
Non-life insurance
Registered Address
90 fenchurch street, london, EC3M 4ST
Website
www.weather.comthe united kingdom mutual steam ship assurance association limited Estimated Valuation
Pomanda estimates the enterprise value of THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED at £350.7m based on a Turnover of £272.5m and 1.29x industry multiple (adjusted for size and gross margin).
the united kingdom mutual steam ship assurance association limited Estimated Valuation
Pomanda estimates the enterprise value of THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED at £599.2m based on an EBITDA of £42.3m and a 14.18x industry multiple (adjusted for size and gross margin).
the united kingdom mutual steam ship assurance association limited Estimated Valuation
Pomanda estimates the enterprise value of THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED at £607.6m based on Net Assets of £371m and 1.64x industry multiple (adjusted for liquidity).
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The United Kingdom Mutual Steam Ship Assurance Association Limited Overview
The United Kingdom Mutual Steam Ship Assurance Association Limited is a live company located in london, EC3M 4ST with a Companies House number of 00022215. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 1886, it's largest shareholder is unknown. The United Kingdom Mutual Steam Ship Assurance Association Limited is a mature, mega sized company, Pomanda has estimated its turnover at £272.5m with high growth in recent years.
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The United Kingdom Mutual Steam Ship Assurance Association Limited Health Check
Pomanda's financial health check has awarded The United Kingdom Mutual Steam Ship Assurance Association Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
1 Weak
Size
annual sales of £272.5m, make it larger than the average company (£2.3m)
£272.5m - The United Kingdom Mutual Steam Ship Assurance Association Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.2%)
15% - The United Kingdom Mutual Steam Ship Assurance Association Limited
10.2% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - The United Kingdom Mutual Steam Ship Assurance Association Limited
100% - Industry AVG
Profitability
an operating margin of 15.5% make it as profitable than the average company (18.7%)
15.5% - The United Kingdom Mutual Steam Ship Assurance Association Limited
18.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
1 - The United Kingdom Mutual Steam Ship Assurance Association Limited
25 - Industry AVG
Pay Structure
on an average salary of £63k, the company has an equivalent pay structure (£63k)
- The United Kingdom Mutual Steam Ship Assurance Association Limited
£63k - Industry AVG
Efficiency
resulting in sales per employee of £272.5m, this is more efficient (£162.2k)
£272.5m - The United Kingdom Mutual Steam Ship Assurance Association Limited
£162.2k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is earlier than average (206 days)
103 days - The United Kingdom Mutual Steam Ship Assurance Association Limited
206 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The United Kingdom Mutual Steam Ship Assurance Association Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The United Kingdom Mutual Steam Ship Assurance Association Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 180 weeks, this is more cash available to meet short term requirements (18 weeks)
180 weeks - The United Kingdom Mutual Steam Ship Assurance Association Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.4%, this is a similar level of debt than the average (78.2%)
76.4% - The United Kingdom Mutual Steam Ship Assurance Association Limited
78.2% - Industry AVG
THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED financials
The United Kingdom Mutual Steam Ship Assurance Association Limited's latest turnover from February 2024 is £272.5 million and the company has net assets of £371 million. According to their latest financial statements, The United Kingdom Mutual Steam Ship Assurance Association Limited has 1 employee and maintains cash reserves of £283 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 | 272,508,248 | 233,223,356 | 185,746,745 | 177,440,149 | 175,138,521 | 195,341,323 | 230,301,195 | 57,183,598 | 61,403,073 | 64,306,299 | 47,616,422 | 10,078,871 | 10,449,812 | 5,784,215 | 6,242,862 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 40,857,822 | -43,702,141 | -15,960,217 | -43,580,069 | 40,357,220 | -23,850,880 | 55,969,570 | 1,545,398 | 10,450,101 | 7,662,413 | 7,409,819 | 890,998 | 1,261,322 | 61,978 | 1,811,445 |
| Tax | -180,312 | -693,624 | 522,358 | -236,867 | -1,413,129 | -720,570 | -160,689 | -321,412 | -789,229 | -1,108,275 | -194,646 | -632 | -4,860 | ||
| Profit After Tax | 40,677,511 | -44,395,765 | -15,437,859 | -43,816,936 | 38,944,090 | -24,571,450 | 55,808,881 | 1,223,986 | 11,212,944 | 6,554,138 | 7,215,173 | 890,998 | 1,261,322 | 61,346 | 1,806,585 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 40,677,511 | -44,395,765 | -15,437,859 | -43,816,936 | 38,944,090 | -24,571,450 | 55,808,881 | 1,223,986 | 11,212,944 | 6,554,138 | 7,215,173 | 890,998 | 1,261,322 | 61,346 | 1,806,585 |
| Employee Costs | 211,918 | 22,183 | 21,566 | ||||||||||||
| Number Of Employees | 1 | 1 | 3 | 11 | 11 | 13 | 6 | 6 | 5 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,190,437,351 | 1,214,160,976 | 1,225,456,457 | 1,270,544,793 | 933,837,068 | 958,900,941 | 1,082,498,836 | 974,196,789 | 770,121,570 | 701,889,827 | 94,550,496 | 65,128,384 | 45,061,353 | ||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,190,437,351 | 1,214,160,976 | 1,225,456,457 | 1,270,544,793 | 933,837,068 | 958,900,941 | 1,082,498,836 | 974,196,789 | 770,121,570 | 701,889,827 | 94,550,496 | 65,128,384 | 45,061,353 | ||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 77,459,526 | 114,148,699 | 75,147,570 | 75,208,527 | 50,415,921 | 50,232,100 | 65,746,778 | 717,378,603 | 770,476,486 | 50,887,531 | 43,039,620 | 6,890,135 | 7,469,011 | 9,201,798 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 283,003,146 | 172,838,180 | 149,708,094 | 201,936,384 | 105,116,329 | 126,439,624 | 121,288,620 | 31,835,980 | 19,835,480 | 17,529,848 | 19,027,436 | 36,021,320 | 1,468,975 | 2,611,308 | 1,255,012 |
| misc current assets | 834,804 | 945,293 | 1,158,729 | 1,241,858 | 463,884 | 577,215 | 209,595 | 165,839,371 | 172,681,980 | 1,085,220 | |||||
| total current assets | 379,179,774 | 302,050,948 | 242,877,820 | 287,692,243 | 163,653,805 | 184,053,398 | 190,700,978 | 915,794,666 | 964,157,225 | 18,615,068 | 79,098,519 | 85,246,164 | 20,971,717 | 15,286,491 | 10,502,369 |
| total assets | 1,569,617,126 | 1,516,211,924 | 1,468,334,277 | 1,558,237,036 | 1,097,490,873 | 1,142,954,339 | 1,273,199,814 | 915,794,666 | 964,157,225 | 992,811,857 | 849,220,089 | 787,135,991 | 115,522,213 | 80,414,875 | 55,563,723 |
| Bank overdraft | 13,969 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 73,102,893 | 62,085,475 | 11,453,061 | 26,842,061 | 4,820,674 | 4,209,648 | 5,923,770 | 721,534,608 | 761,983,548 | 806,036,229 | 5,831,005 | ||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 32,479,240 | 43,931,850 | 3,534,414 | 6,204,781 | 317,094 | ||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 81,691,092 | 72,879,613 | 39,591,655 | 30,602,318 | 11,942,874 | 13,230,431 | 10,984,319 | 782,419,454 | 831,103,523 | 861,673,117 | 48,889,922 | 57,525,417 | 3,933,699 | 6,516,570 | 6,532,013 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,116,975,370 | 1,113,059,158 | 1,033,896,660 | 1,098,400,305 | 685,237,311 | 746,840,868 | 845,208,819 | 217,373 | 701,388,428 | 615,076,715 | 85,056,997 | 54,285,985 | 30,252,703 | ||
| total liabilities | 1,198,666,462 | 1,185,938,771 | 1,073,488,316 | 1,129,002,622 | 697,180,185 | 760,071,299 | 856,193,138 | 782,419,454 | 831,103,523 | 861,890,490 | 750,278,350 | 672,602,132 | 88,990,696 | 60,802,555 | 36,784,716 |
| net assets | 370,950,664 | 330,273,153 | 394,845,961 | 429,234,413 | 400,310,688 | 382,883,040 | 417,006,676 | 133,375,212 | 133,053,702 | 130,921,367 | 98,941,739 | 114,533,859 | 26,531,518 | 19,612,320 | 18,779,006 |
| total shareholders funds | 370,950,664 | 330,273,153 | 394,845,961 | 429,234,413 | 400,310,688 | 382,883,040 | 417,006,676 | 133,375,212 | 133,053,702 | 130,921,367 | 98,941,739 | 114,533,859 | 26,531,518 | 19,612,320 | 18,779,006 |
| 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 | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -180,312 | -693,624 | 522,358 | -236,867 | -1,413,129 | -720,570 | -160,689 | -321,412 | -789,229 | -1,108,275 | -194,646 | -632 | -4,860 | ||
| Stock | |||||||||||||||
| Debtors | -36,689,174 | 39,001,129 | -60,957 | 24,792,606 | 183,821 | -15,514,679 | -651,631,825 | -53,097,883 | 770,476,486 | -50,887,531 | 7,847,910 | 36,149,485 | -578,876 | -1,732,787 | 9,201,798 |
| Creditors | 11,017,417 | 50,632,415 | -15,389,000 | 22,021,386 | 611,026 | -1,714,122 | -715,610,838 | -40,448,940 | -44,052,681 | 806,036,229 | -5,831,005 | 5,831,005 | |||
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -32,479,240 | -11,452,610 | 40,397,437 | -2,670,367 | 5,887,687 | 317,094 | |||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 110,164,966 | 23,130,086 | -52,228,290 | 96,820,055 | -21,323,295 | 5,151,004 | 89,452,640 | 12,000,499 | 2,305,633 | -1,497,589 | -16,993,883 | 34,552,345 | -1,142,333 | 1,356,296 | 1,255,012 |
| overdraft | -13,969 | 13,969 | |||||||||||||
| change in cash | 110,164,966 | 23,130,086 | -52,228,290 | 96,820,055 | -21,323,295 | 5,151,004 | 89,452,640 | 12,014,468 | 2,291,664 | -1,497,589 | -16,993,883 | 34,552,345 | -1,142,333 | 1,356,296 | 1,255,012 |
the united kingdom mutual steam ship assurance association limited Credit Report and Business Information
The United Kingdom Mutual Steam Ship Assurance Association Limited Competitor Analysis
Perform a competitor analysis for the united kingdom mutual steam ship assurance association limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3M area or any other competitors across 12 key performance metrics.
the united kingdom mutual steam ship assurance association limited Ownership
THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED group structure
The United Kingdom Mutual Steam Ship Assurance Association Limited has no subsidiary companies.
Ultimate parent company
THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED
00022215
the united kingdom mutual steam ship assurance association limited directors
The United Kingdom Mutual Steam Ship Assurance Association Limited currently has 10 directors. The longest serving directors include Mr Roger Gillett (Feb 2013) and Mr Andrew Taylor (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roger Gillett | 72 years | Feb 2013 | - | Director | |
| Mr Andrew Taylor | 54 years | Jul 2014 | - | Director | |
| Mr Randy Chen | United Kingdom | 51 years | May 2017 | - | Director |
| Mr Nigel De Silva | 48 years | Jun 2018 | - | Director | |
| Mr Jan Valkier | 62 years | Oct 2021 | - | Director | |
| Mr Simon Beale | United Kingdom | 63 years | Oct 2021 | - | Director |
| Mr Michael Butler | 71 years | Dec 2021 | - | Director | |
| Mr Michael Butler | 71 years | Dec 2021 | - | Director | |
| Mr Markos Nomikos | 59 years | Nov 2022 | - | Director | |
| Mr Laurent Audaz | 53 years | Nov 2024 | - | Director |
P&L
February 2024turnover
272.5m
+17%
operating profit
42.3m
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
371m
+0.12%
total assets
1.6b
+0.04%
cash
283m
+0.64%
net assets
Total assets minus all liabilities
the united kingdom mutual steam ship assurance association limited company details
company number
00022215
Type
Private Ltd By Guarantee w/o Share Cap
industry
65120 - Non-life insurance
incorporation date
February 1886
age
139
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
February 2024
previous names
sunderland steamship protecting and indemnity association (January 2007)
accountant
-
auditor
BDO LLP
address
90 fenchurch street, london, EC3M 4ST
Bank
-
Legal Advisor
-
the united kingdom mutual steam ship assurance association limited Charges & Mortgages
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 did not find charges/mortgages relating to the united kingdom mutual steam ship assurance association limited.
the united kingdom mutual steam ship assurance association limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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the united kingdom mutual steam ship assurance association limited Companies House Filings - See Documents
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