lochain patrick insurance brokers ltd Company Information
Company Number
00153365
Next Accounts
Sep 2025
Shareholders
lochain patrick holdings ltd
Group Structure
View All
Industry
Non-life insurance
+1Registered Address
number one minster court, london, ec3r 7aa, EC3N 1DD
Website
http://lpib.co.uklochain patrick insurance brokers ltd Estimated Valuation
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
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
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


8 Strong

1 Regular

1 Weak

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
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
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
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
with 49 employees, this is above the industry average (18)
49 - Lochain Patrick Insurance Brokers Ltd
18 - Industry AVG

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
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

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

Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lochain Patrick Insurance Brokers Ltd
- - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lochain Patrick Insurance Brokers Ltd
- - Industry AVG

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

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

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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 15,216,939 | 11,369,540 | 8,567,461 | 6,904,897 | 7,235,283 | 8,573,921 | 6,912,711 | 6,690,826 | 4,955,915 | 2,922,338 | 5,661,585 | 5,576,649 | 5,309,862 | 5,265,921 | 4,852,568 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 2,252,948 | 1,612,302 | 1,587,066 | 952,121 | |||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | 85,954 | 14,807 | 1,805 | 11,498 | 41,636 | 31,837 | 34,127 | 31,851 | 28,103 | 14,413 | 27,142 | 41,288 | 46,191 | 36,122 | 524,429 |
Pre-Tax Profit | 6,131,067 | 3,358,913 | 2,569,301 | 1,768,984 | 2,915,159 | 4,670,229 | 3,099,314 | 2,280,559 | 1,424,991 | 987,469 | 2,566,821 | 2,294,236 | 1,658,493 | 1,623,188 | 1,476,550 |
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 Tax | 4,671,969 | 2,702,782 | 2,072,976 | 1,423,037 | 2,341,171 | 3,760,529 | 2,450,987 | 1,961,767 | 1,153,922 | 859,753 | 1,948,285 | 1,720,932 | 1,197,590 | 1,177,359 | 1,063,116 |
Dividends Paid | 2,250,000 | 3,176,609 | 2,298,500 | 2,000,000 | |||||||||||
Retained Profit | 4,671,969 | 2,702,782 | 2,072,976 | 1,423,037 | 2,341,171 | 3,760,529 | 200,987 | 1,961,767 | 1,153,922 | 859,753 | -1,228,324 | -577,568 | -802,410 | 1,177,359 | 1,063,116 |
Employee Costs | 7,369,472 | 5,745,237 | 4,788,827 | 4,039,028 | 3,545,312 | 3,049,423 | 2,731,162 | 2,774,302 | 2,463,731 | 1,399,625 | 2,300,602 | 2,347,452 | 2,209,691 | 2,376,180 | 2,688,846 |
Number Of Employees | 49 | 48 | 47 | 41 | 36 | 37 | 37 | 34 | 32 | 30 | 30 | 31 | 28 | 36 | 36 |
EBITDA* | 2,253,005 | 1,622,635 | 1,605,065 | 974,925 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 61,474 | 105,244 | 74,462 | 81,940 | 34,322 | 28,099 | 18,705 | 36,874 | 92,144 | 111,770 | 20,342 | 401 | 458 | 10,303 | 28,303 |
Intangible Assets | |||||||||||||||
Investments & Other | 1,034,852 | 1,034,852 | 1,034,852 | 1,034,852 | 1,034,852 | 1 | 1 | 1 | 1 | ||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 1,096,326 | 1,140,096 | 1,109,314 | 1,116,792 | 1,069,174 | 28,100 | 18,706 | 36,875 | 92,145 | 111,770 | 20,342 | 401 | 458 | 10,303 | 28,303 |
Stock & work in progress | |||||||||||||||
Trade Debtors | 1,638,921 | 2,619,506 | 4,755,078 | 5,827,495 | 6,867,704 | 9,371,027 | 9,169,632 | 14,123,730 | 12,769,084 | 13,366,404 | 14,694,263 | 19,927,589 | 14,627,763 | 13,484,772 | 16,169,226 |
Group Debtors | 16,919,458 | 11,066,030 | 8,311,400 | 8,283,168 | 7,018,953 | 3,914,185 | 791,654 | 577,601 | 2,260,404 | 324,479 | 319,331 | 1,182,730 | |||
Misc Debtors | 5,480,717 | 4,242,233 | 1,541,929 | 455,775 | 366,992 | 513,571 | 473,498 | 283,063 | 125,719 | 136,674 | 265,185 | 581,077 | 552,533 | 779,920 | 1,438,235 |
Cash | 10,834,543 | 12,925,653 | 13,707,101 | 13,675,164 | 10,377,957 | 12,058,590 | 11,383,723 | 10,673,335 | 9,274,298 | 9,238,278 | 6,574,115 | 8,849,195 | 10,888,664 | 9,518,899 | 10,187,756 |
misc current assets | 9,491 | ||||||||||||||
total current assets | 34,873,639 | 30,853,422 | 28,315,508 | 28,251,093 | 24,631,606 | 25,857,373 | 21,818,507 | 25,657,729 | 24,429,505 | 23,065,835 | 21,533,563 | 29,677,192 | 26,068,960 | 24,966,321 | 27,795,217 |
total assets | 35,969,965 | 31,993,518 | 29,424,822 | 29,367,885 | 25,700,780 | 25,885,473 | 21,837,213 | 25,694,604 | 24,521,650 | 23,177,605 | 21,553,905 | 29,677,593 | 26,069,418 | 24,976,624 | 27,823,520 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 9,169,510 | 12,116,188 | 13,240,063 | 15,647,027 | 14,061,332 | 16,777,693 | 16,580,090 | 21,197,243 | 19,389,690 | 19,384,680 | 19,209,864 | 25,110,788 | 15,533 | ||
Group/Directors Accounts | 1,625,579 | 1,356,994 | 1,312,717 | 1,288,384 | 1,153,083 | 1,004,476 | 467,616 | 272,098 | 25,614 | 8,333 | 34,192 | 281,933 | |||
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 5,104,327 | 3,009,623 | 1,980,682 | 1,614,090 | 1,091,018 | 1,049,128 | 1,495,860 | 1,132,603 | 725,453 | 557,621 | 994,440 | 21,885,293 | 20,024,281 | 23,751,070 | |
total current liabilities | 15,899,416 | 16,482,805 | 16,533,462 | 18,549,501 | 16,305,433 | 18,831,297 | 18,543,566 | 22,601,944 | 20,140,757 | 19,950,634 | 19,209,864 | 26,105,228 | 21,919,485 | 20,024,281 | 24,048,536 |
loans | |||||||||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | |||||||||||||||
provisions | |||||||||||||||
total long term liabilities | |||||||||||||||
total liabilities | 15,899,416 | 16,482,805 | 16,533,462 | 18,549,501 | 16,305,433 | 18,831,297 | 18,543,566 | 22,601,944 | 20,140,757 | 19,950,634 | 19,209,864 | 26,105,228 | 21,919,485 | 20,024,281 | 24,048,536 |
net assets | 20,070,549 | 15,510,713 | 12,891,360 | 10,818,384 | 9,395,347 | 7,054,176 | 3,293,647 | 3,092,660 | 4,380,893 | 3,226,971 | 2,344,041 | 3,572,365 | 4,149,933 | 4,952,343 | 3,774,984 |
total shareholders funds | 20,070,549 | 15,510,713 | 12,891,360 | 10,818,384 | 9,395,347 | 7,054,176 | 3,293,647 | 3,092,660 | 4,380,893 | 3,226,971 | 2,344,041 | 3,572,365 | 4,149,933 | 4,952,343 | 3,774,984 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 2,252,948 | 1,612,302 | 1,587,066 | 952,121 | |||||||||||
Depreciation | 51,975 | 42,432 | 31,345 | 22,856 | 13,585 | 17,925 | 20,768 | 59,481 | 51,767 | 16,221 | 1,668 | 57 | 10,333 | 17,999 | 22,804 |
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 | |||||||||||||||
Debtors | 6,111,327 | 3,319,362 | 41,969 | 312,789 | 454,866 | 3,363,999 | -4,549,610 | -170,813 | 1,327,650 | -7,000,440 | -5,868,549 | 5,647,701 | -267,126 | -2,160,039 | 17,607,461 |
Creditors | -2,946,678 | -1,123,875 | -2,406,964 | 1,585,695 | -2,716,361 | 197,603 | -4,617,153 | 1,807,553 | 5,010 | -5,726,108 | -5,900,924 | 25,110,788 | -15,533 | 15,533 | |
Accruals and Deferred Income | 2,094,704 | 1,028,941 | 366,592 | 523,072 | 41,890 | -446,732 | 363,257 | 407,150 | 167,832 | -436,819 | -994,440 | -20,890,853 | 1,861,012 | -3,726,789 | 23,751,070 |
Deferred Taxes & Provisions | |||||||||||||||
Cash flow from operations | 251,935 | 3,289,870 | -423,047 | 6,720,633 | |||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 1,034,851 | 1 | |||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | 268,585 | 44,277 | 24,333 | 135,301 | 148,607 | 536,860 | 195,518 | 246,484 | 17,281 | 8,333 | -34,192 | 34,192 | -281,933 | 281,933 | |
Other Short Term Loans | |||||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | 85,954 | 14,807 | 1,805 | 11,498 | 41,636 | 31,837 | 34,127 | 31,851 | 28,103 | 14,413 | 27,142 | 41,288 | 46,191 | 36,122 | 524,429 |
cash flow from financing | 242,406 | -24,345 | 26,138 | 146,799 | 190,243 | 568,697 | 229,645 | -2,971,665 | 45,384 | -1,182,401 | 27,142 | 7,096 | 80,383 | -245,811 | 3,518,230 |
cash and cash equivalents | |||||||||||||||
cash | -2,091,110 | -781,448 | 31,937 | 3,297,207 | -1,680,633 | 674,867 | 710,388 | 1,399,037 | 36,020 | 389,083 | -2,275,080 | -2,039,469 | 1,369,765 | -668,857 | 10,187,756 |
overdraft | |||||||||||||||
change in cash | -2,091,110 | -781,448 | 31,937 | 3,297,207 | -1,680,633 | 674,867 | 710,388 | 1,399,037 | 36,020 | 389,083 | -2,275,080 | -2,039,469 | 1,369,765 | -668,857 | 10,187,756 |
lochain patrick insurance brokers ltd Credit Report and Business Information
Lochain Patrick Insurance Brokers Ltd Competitor Analysis

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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Robert Hubbard | England | 56 years | Jul 2014 | - | Director |
Mr David Griffiths | England | 69 years | Sep 2014 | - | Director |
Mr James Stevenson | England | 61 years | Oct 2014 | - | Director |
Mr Stephen Mead | England | 61 years | Nov 2022 | - | Director |
P&L
December 2023turnover
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 2023net 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
accounts
Full Accounts
last accounts submitted
December 2023
previous names
oval international limited (October 2014)
lochain patrick insurance brokers limited (August 2005)
See moreaccountant
-
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.
Click to start generating capital raising & share issue transactions for LOCHAIN PATRICK INSURANCE BROKERS LTD. This can take several minutes, an email will notify you when this has completed.
lochain patrick insurance brokers ltd Companies House Filings - See Documents
date | description | view/download |
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