lochain patrick insurance brokers ltd

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lochain patrick insurance brokers ltd Company Information

Share LOCHAIN PATRICK INSURANCE BROKERS LTD

Company Number

00153365

Shareholders

lochain patrick holdings ltd

Group Structure

View All

Industry

Non-life insurance

 +1

Registered Address

number one minster court, london, ec3r 7aa, EC3N 1DD

lochain patrick insurance brokers ltd Estimated Valuation

£13.6m

Pomanda estimates the enterprise value of LOCHAIN PATRICK INSURANCE BROKERS LTD at £13.6m based on a Turnover of £15.2m and 0.89x industry multiple (adjusted for size and gross margin).

lochain patrick insurance brokers ltd Estimated Valuation

£60.1m

Pomanda estimates the enterprise value of LOCHAIN PATRICK INSURANCE BROKERS LTD at £60.1m based on an EBITDA of £5.7m and a 10.62x industry multiple (adjusted for size and gross margin).

lochain patrick insurance brokers ltd Estimated Valuation

£31.8m

Pomanda estimates the enterprise value of LOCHAIN PATRICK INSURANCE BROKERS LTD at £31.8m based on Net Assets of £20.1m and 1.58x industry multiple (adjusted for liquidity).

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Lochain Patrick Insurance Brokers Ltd Overview

Lochain Patrick Insurance Brokers Ltd is a live company located in ec3r 7aa, EC3N 1DD with a Companies House number of 00153365. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 1919, it's largest shareholder is lochain patrick holdings ltd with a 100% stake. Lochain Patrick Insurance Brokers Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £15.2m with rapid growth in recent years.

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Lochain Patrick Insurance Brokers Ltd Health Check

Pomanda's financial health check has awarded Lochain Patrick Insurance Brokers Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

1 Weak

size

Size

annual sales of £15.2m, make it larger than the average company (£1.7m)

£15.2m - Lochain Patrick Insurance Brokers Ltd

£1.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (7.7%)

30% - Lochain Patrick Insurance Brokers Ltd

7.7% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Lochain Patrick Insurance Brokers Ltd

100% - Industry AVG

profitability

Profitability

an operating margin of 36.8% make it more profitable than the average company (16.7%)

36.8% - Lochain Patrick Insurance Brokers Ltd

16.7% - Industry AVG

employees

Employees

with 49 employees, this is above the industry average (18)

49 - Lochain Patrick Insurance Brokers Ltd

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £150.4k, the company has a higher pay structure (£96.7k)

£150.4k - Lochain Patrick Insurance Brokers Ltd

£96.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £310.5k, this is more efficient (£190.2k)

£310.5k - Lochain Patrick Insurance Brokers Ltd

£190.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 39 days, this is earlier than average (173 days)

39 days - Lochain Patrick Insurance Brokers Ltd

173 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Lochain Patrick Insurance Brokers Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Lochain Patrick Insurance Brokers Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (20 weeks)

35 weeks - Lochain Patrick Insurance Brokers Ltd

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.2%, this is a lower level of debt than the average (80.3%)

44.2% - Lochain Patrick Insurance Brokers Ltd

80.3% - Industry AVG

LOCHAIN PATRICK INSURANCE BROKERS LTD financials

EXPORTms excel logo

Lochain Patrick Insurance Brokers Ltd's latest turnover from December 2023 is £15.2 million and the company has net assets of £20.1 million. According to their latest financial statements, Lochain Patrick Insurance Brokers Ltd has 49 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014May 2014May 2013May 2012May 2011May 2010
Turnover15,216,93911,369,5408,567,4616,904,8977,235,2838,573,9216,912,7116,690,8264,955,9152,922,3385,661,5855,576,6495,309,8625,265,9214,852,568
Other Income Or Grants
Cost Of Sales6232,123104,508247,038252,9572,809,385867,534721,397806,063663,716
Gross Profit15,216,93911,369,5408,567,3996,904,8977,235,2838,573,9216,880,5886,586,3184,708,8772,669,3812,852,2004,709,1154,588,4654,459,8584,188,852
Admin Expenses9,611,3528,498,8456,042,3975,160,0884,429,0854,019,2013,909,8214,159,0443,312,7561,626,305424,5752,456,1672,976,1632,872,7923,236,731
Operating Profit5,605,5872,870,6952,525,0021,744,8092,806,1984,554,7202,970,7672,427,2741,396,1211,043,0762,427,6252,252,9481,612,3021,587,066952,121
Interest Payable
Interest Receivable85,95414,8071,80511,49841,63631,83734,12731,85128,10314,41327,14241,28846,19136,122524,429
Pre-Tax Profit6,131,0673,358,9132,569,3011,768,9842,915,1594,670,2293,099,3142,280,5591,424,991987,4692,566,8212,294,2361,658,4931,623,1881,476,550
Tax-1,459,098-656,131-496,325-345,947-573,988-909,700-648,327-318,792-271,069-127,716-618,536-573,304-460,903-445,829-413,434
Profit After Tax4,671,9692,702,7822,072,9761,423,0372,341,1713,760,5292,450,9871,961,7671,153,922859,7531,948,2851,720,9321,197,5901,177,3591,063,116
Dividends Paid2,250,0003,176,6092,298,5002,000,000
Retained Profit4,671,9692,702,7822,072,9761,423,0372,341,1713,760,529200,9871,961,7671,153,922859,753-1,228,324-577,568-802,4101,177,3591,063,116
Employee Costs7,369,4725,745,2374,788,8274,039,0283,545,3123,049,4232,731,1622,774,3022,463,7311,399,6252,300,6022,347,4522,209,6912,376,1802,688,846
Number Of Employees494847413637373432303031283636
EBITDA*5,657,5622,913,1272,556,3471,767,6652,819,7834,572,6452,991,5352,486,7551,447,8881,059,2972,429,2932,253,0051,622,6351,605,065974,925

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014May 2014May 2013May 2012May 2011May 2010
Tangible Assets61,474105,24474,46281,94034,32228,09918,70536,87492,144111,77020,34240145810,30328,303
Intangible Assets
Investments & Other1,034,8521,034,8521,034,8521,034,8521,034,8521111
Debtors (Due After 1 year)
Total Fixed Assets1,096,3261,140,0961,109,3141,116,7921,069,17428,10018,70636,87592,145111,77020,34240145810,30328,303
Stock & work in progress
Trade Debtors1,638,9212,619,5064,755,0785,827,4956,867,7049,371,0279,169,63214,123,73012,769,08413,366,40414,694,26319,927,58914,627,76313,484,77216,169,226
Group Debtors16,919,45811,066,0308,311,4008,283,1687,018,9533,914,185791,654577,6012,260,404324,479319,3311,182,730
Misc Debtors5,480,7174,242,2331,541,929455,775366,992513,571473,498283,063125,719136,674265,185581,077552,533779,9201,438,235
Cash10,834,54312,925,65313,707,10113,675,16410,377,95712,058,59011,383,72310,673,3359,274,2989,238,2786,574,1158,849,19510,888,6649,518,89910,187,756
misc current assets9,491
total current assets34,873,63930,853,42228,315,50828,251,09324,631,60625,857,37321,818,50725,657,72924,429,50523,065,83521,533,56329,677,19226,068,96024,966,32127,795,217
total assets35,969,96531,993,51829,424,82229,367,88525,700,78025,885,47321,837,21325,694,60424,521,65023,177,60521,553,90529,677,59326,069,41824,976,62427,823,520
Bank overdraft
Bank loan
Trade Creditors 9,169,51012,116,18813,240,06315,647,02714,061,33216,777,69316,580,09021,197,24319,389,69019,384,68019,209,86425,110,78815,533
Group/Directors Accounts1,625,5791,356,9941,312,7171,288,3841,153,0831,004,476467,616272,09825,6148,33334,192281,933
other short term finances
hp & lease commitments
other current liabilities5,104,3273,009,6231,980,6821,614,0901,091,0181,049,1281,495,8601,132,603725,453557,621994,44021,885,29320,024,28123,751,070
total current liabilities15,899,41616,482,80516,533,46218,549,50116,305,43318,831,29718,543,56622,601,94420,140,75719,950,63419,209,86426,105,22821,919,48520,024,28124,048,536
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities15,899,41616,482,80516,533,46218,549,50116,305,43318,831,29718,543,56622,601,94420,140,75719,950,63419,209,86426,105,22821,919,48520,024,28124,048,536
net assets20,070,54915,510,71312,891,36010,818,3849,395,3477,054,1763,293,6473,092,6604,380,8933,226,9712,344,0413,572,3654,149,9334,952,3433,774,984
total shareholders funds20,070,54915,510,71312,891,36010,818,3849,395,3477,054,1763,293,6473,092,6604,380,8933,226,9712,344,0413,572,3654,149,9334,952,3433,774,984
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit5,605,5872,870,6952,525,0021,744,8092,806,1984,554,7202,970,7672,427,2741,396,1211,043,0762,427,6252,252,9481,612,3021,587,066952,121
Depreciation51,97542,43231,34522,85613,58517,92520,76859,48151,76716,2211,6685710,33317,99922,804
Amortisation
Tax-1,459,098-656,131-496,325-345,947-573,988-909,700-648,327-318,792-271,069-127,716-618,536-573,304-460,903-445,829-413,434
Stock
Debtors6,111,3273,319,36241,969312,789454,8663,363,999-4,549,610-170,8131,327,650-7,000,440-5,868,5495,647,701-267,126-2,160,03917,607,461
Creditors-2,946,678-1,123,875-2,406,9641,585,695-2,716,361197,603-4,617,1531,807,5535,010-5,726,108-5,900,92425,110,788-15,53315,533
Accruals and Deferred Income2,094,7041,028,941366,592523,07241,890-446,732363,257407,150167,832-436,819-994,440-20,890,8531,861,012-3,726,78923,751,070
Deferred Taxes & Provisions
Cash flow from operations-2,764,837-1,157,300-22,3193,217,696-883,54249,8172,638,9224,553,47922,0111,769,094783,942251,9353,289,870-423,0476,720,633
Investing Activities
capital expenditure-8,205-73,214-23,867-70,474-19,808-27,319-2,599-4,211-32,141-127,590-21,609-4881-51,107
Change in Investments1,034,8511
cash flow from investments-8,205-73,214-23,867-70,474-1,054,659-27,319-2,599-4,211-32,142-127,590-21,609-4881-51,107
Financing Activities
Bank loans
Group/Directors Accounts268,58544,27724,333135,301148,607536,860195,518246,48417,2818,333-34,19234,192-281,933281,933
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-112,133-83,429-3,250,000-1,205,1472,711,868
interest85,95414,8071,80511,49841,63631,83734,12731,85128,10314,41327,14241,28846,19136,122524,429
cash flow from financing242,406-24,34526,138146,799190,243568,697229,645-2,971,66545,384-1,182,40127,1427,09680,383-245,8113,518,230
cash and cash equivalents
cash-2,091,110-781,44831,9373,297,207-1,680,633674,867710,3881,399,03736,020389,083-2,275,080-2,039,4691,369,765-668,85710,187,756
overdraft
change in cash-2,091,110-781,44831,9373,297,207-1,680,633674,867710,3881,399,03736,020389,083-2,275,080-2,039,4691,369,765-668,85710,187,756

lochain patrick insurance brokers ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lochain Patrick Insurance Brokers Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for lochain patrick insurance brokers ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3N area or any other competitors across 12 key performance metrics.

lochain patrick insurance brokers ltd Ownership

LOCHAIN PATRICK INSURANCE BROKERS LTD group structure

Lochain Patrick Insurance Brokers Ltd has 1 subsidiary company.

Ultimate parent company

ALAN J KAUFMAN LIVING TRUST

#0082724

2 parents

LOCHAIN PATRICK INSURANCE BROKERS LTD

00153365

1 subsidiary

LOCHAIN PATRICK INSURANCE BROKERS LTD Shareholders

lochain patrick holdings ltd 100%

lochain patrick insurance brokers ltd directors

Lochain Patrick Insurance Brokers Ltd currently has 4 directors. The longest serving directors include Mr Robert Hubbard (Jul 2014) and Mr David Griffiths (Sep 2014).

officercountryagestartendrole
Mr Robert HubbardEngland56 years Jul 2014- Director
Mr David GriffithsEngland69 years Sep 2014- Director
Mr James StevensonEngland61 years Oct 2014- Director
Mr Stephen MeadEngland61 years Nov 2022- Director

P&L

December 2023

turnover

15.2m

+34%

operating profit

5.6m

0%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

20.1m

+0.29%

total assets

36m

+0.12%

cash

10.8m

-0.16%

net assets

Total assets minus all liabilities

lochain patrick insurance brokers ltd company details

company number

00153365

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

65202 - Non-life reinsurance

incorporation date

February 1919

age

106

incorporated

UK

ultimate parent company

ALAN J KAUFMAN LIVING TRUST

accounts

Full Accounts

last accounts submitted

December 2023

previous names

oval international limited (October 2014)

lochain patrick insurance brokers limited (August 2005)

See more

accountant

-

auditor

BDO LLP

address

number one minster court, london, ec3r 7aa, EC3N 1DD

Bank

BARCLAYS BANK PLC

Legal Advisor

-

lochain patrick insurance brokers ltd 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 found 11 charges/mortgages relating to lochain patrick insurance brokers ltd. Currently there are 0 open charges and 11 have been satisfied in the past.

lochain patrick insurance brokers ltd 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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lochain patrick insurance brokers ltd Companies House Filings - See Documents

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