legal and general assurance society limited
legal and general assurance society limited Company Information
Company Number
00166055
Next Accounts
Sep 2025
Shareholders
legal & general insurance holdings ltd
Group Structure
View All
Industry
Life insurance
Registered Address
one coleman street, london, EC2R 5AA
Website
www.legalandgeneral.comlegal and general assurance society limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED at £1.2b based on a Turnover of £1b and 1.25x industry multiple (adjusted for size and gross margin).
legal and general assurance society limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED at £6.9b based on an EBITDA of £525.8m and a 13.17x industry multiple (adjusted for size and gross margin).
legal and general assurance society limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED at £7.1b based on Net Assets of £4.3b and 1.65x industry multiple (adjusted for liquidity).
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Legal And General Assurance Society Limited Overview
Legal And General Assurance Society Limited is a live company located in london, EC2R 5AA with a Companies House number of 00166055. It operates in the life insurance sector, SIC Code 65110. Founded in April 1920, it's largest shareholder is legal & general insurance holdings ltd with a 100% stake. Legal And General Assurance Society Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1b with declining growth in recent years.
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Legal And General Assurance Society Limited Health Check
Pomanda's financial health check has awarded Legal And General Assurance Society Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £1b, make it larger than the average company (£1.2m)
£1b - Legal And General Assurance Society Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (8.5%)
-58% - Legal And General Assurance Society Limited
8.5% - Industry AVG
Production
with a gross margin of 99.7%, this company has a comparable cost of product (99.7%)
99.7% - Legal And General Assurance Society Limited
99.7% - Industry AVG
Profitability
an operating margin of 51.9% make it more profitable than the average company (7.4%)
51.9% - Legal And General Assurance Society Limited
7.4% - Industry AVG
Employees
with 7322 employees, this is above the industry average (16)
- Legal And General Assurance Society Limited
16 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Legal And General Assurance Society Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £136.7k, this is equally as efficient (£136.7k)
- Legal And General Assurance Society Limited
£136.7k - Industry AVG
Debtor Days
it gets paid by customers after 31534 days, this is later than average (236 days)
31534 days - Legal And General Assurance Society Limited
236 days - Industry AVG
Creditor Days
its suppliers are paid after 9658436 days, this is slower than average (23 days)
9658436 days - Legal And General Assurance Society Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Legal And General Assurance Society Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Legal And General Assurance Society Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98%, this is a similar level of debt than the average (92.6%)
98% - Legal And General Assurance Society Limited
92.6% - Industry AVG
LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED financials
Legal And General Assurance Society Limited's latest turnover from December 2023 is £1 billion and the company has net assets of £4.3 billion. According to their latest financial statements, we estimate that Legal And General Assurance Society Limited has 7,322 employees and maintains cash reserves of £271 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,001,000,000 | 1,278,000,000 | 5,851,000,000 | 13,577,000,000 | 5,969,000,000 | 8,046,000,000 | 8,527,000,000 | 15,991,000,000 | 6,864,000,000 | 3,002,000,000 | 5,821,000,000 | 5,771,000,000 | 2,004,000,000 | 6,605,000,000 | 1,293,000,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 203,000,000 | 1,714,000,000 | 525,000,000 | 94,000,000 | 282,000,000 | 732,000,000 | 30,000,000 | 31,000,000 | 33,000,000 | 27,000,000 | 30,000,000 | 17,000,000 | |||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 519,000,000 | 966,000,000 | 1,914,000,000 | 1,094,000,000 | 1,341,000,000 | 1,430,000,000 | 1,519,000,000 | 950,000,000 | 1,462,000,000 | 736,000,000 | 671,000,000 | 773,000,000 | 120,000,000 | 546,000,000 | 391,000,000 |
| Tax | -120,000,000 | -113,000,000 | -364,000,000 | -191,000,000 | -241,000,000 | -235,000,000 | -319,000,000 | -147,000,000 | 482,000,000 | -157,000,000 | -138,000,000 | ||||
| Profit After Tax | 399,000,000 | 853,000,000 | 1,550,000,000 | 903,000,000 | 1,100,000,000 | 1,195,000,000 | 1,200,000,000 | 803,000,000 | 1,944,000,000 | 579,000,000 | 488,000,000 | 518,000,000 | 297,000,000 | 353,000,000 | 253,000,000 |
| Dividends Paid | 763,000,000 | 784,000,000 | 902,000,000 | 936,000,000 | 774,000,000 | 852,000,000 | 1,535,000,000 | 338,000,000 | 700,000,000 | 700,000,000 | 600,000,000 | 525,000,000 | 500,000,000 | 300,000,000 | 154,000,000 |
| Retained Profit | -364,000,000 | 69,000,000 | 648,000,000 | -33,000,000 | 298,000,000 | 290,000,000 | -268,000,000 | 546,000,000 | 1,244,000,000 | -121,000,000 | -112,000,000 | -7,000,000 | -203,000,000 | 53,000,000 | 99,000,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,345,000,000 | 1,559,000,000 | 84,000,000 | 110,000,000 | 115,000,000 | 178,000,000 | 572,000,000 | 2,413,000,000 | 2,355,000,000 | 2,108,000,000 | 1,920,000,000 | 1,475,000,000 | 1,706,000,000 | 1,794,000,000 | 45,349,000,000 |
| Intangible Assets | 275,000,000 | 242,000,000 | 181,000,000 | 144,000,000 | 58,000,000 | 33,000,000 | 15,000,000 | 19,000,000 | 10,000,000 | 19,000,000 | 20,000,000 | ||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,620,000,000 | 1,801,000,000 | 265,000,000 | 254,000,000 | 173,000,000 | 211,000,000 | 587,000,000 | 2,432,000,000 | 2,365,000,000 | 2,127,000,000 | 1,940,000,000 | 1,475,000,000 | 1,706,000,000 | 1,794,000,000 | 45,349,000,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 86,481,000,000 | 70,796,000,000 | 91,118,000,000 | 75,855,000,000 | 62,525,000,000 | 39,453,000,000 | 31,048,000,000 | 24,913,000,000 | 17,248,000,000 | 54,192,000,000 | 40,007,000,000 | 35,487,000,000 | 29,897,000,000 | 26,290,000,000 | 53,000,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 271,000,000 | 207,000,000 | 232,000,000 | 442,000,000 | 237,000,000 | 444,000,000 | 362,000,000 | 1,513,000,000 | 2,068,000,000 | 2,170,000,000 | 1,934,000,000 | 2,078,000,000 | 2,051,000,000 | 2,223,000,000 | 39,000,000 |
| misc current assets | 125,684,000,000 | 120,259,000,000 | 110,049,000,000 | 112,927,000,000 | 91,144,000,000 | 74,158,000,000 | 73,366,000,000 | 98,577,000,000 | 87,022,000,000 | 40,598,000,000 | 42,753,000,000 | 42,877,000,000 | 41,984,000,000 | 43,241,000,000 | 134,000,000 |
| total current assets | 217,538,000,000 | 196,459,000,000 | 206,141,000,000 | 194,949,000,000 | 187,686,000,000 | 145,752,000,000 | 140,826,000,000 | 127,800,000,000 | 108,925,000,000 | 98,213,000,000 | 85,867,000,000 | 81,999,000,000 | 75,663,000,000 | 73,772,000,000 | 24,715,000,000 |
| total assets | 219,158,000,000 | 198,260,000,000 | 206,406,000,000 | 195,203,000,000 | 187,859,000,000 | 145,963,000,000 | 141,413,000,000 | 130,232,000,000 | 111,290,000,000 | 100,340,000,000 | 87,807,000,000 | 83,474,000,000 | 77,369,000,000 | 75,566,000,000 | 70,064,000,000 |
| Bank overdraft | 4,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 5,000,000 | 6,000,000 | 1,000,000 | 8,000,000 | 8,000,000 | ||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 82,054,000,000 | 70,721,000,000 | 85,990,000,000 | 85,784,000,000 | 76,011,000,000 | 5,794,000,000 | 5,619,000,000 | 54,222,000,000 | 44,573,000,000 | 43,203,000,000 | 39,578,000,000 | 37,279,000,000 | 129,000,000 | ||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 951,000,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 214,834,000,000 | 193,573,000,000 | 198,843,000,000 | 188,074,000,000 | 181,033,000,000 | 45,722,000,000 | 46,790,000,000 | 22,618,000,000 | 23,209,000,000 | 96,466,000,000 | 83,953,000,000 | 79,508,000,000 | 73,396,000,000 | 71,390,000,000 | 1,823,000,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 22,000,000 | 65,000,000 | 33,000,000 | 247,000,000 | 203,000,000 | 93,972,000,000 | 88,750,000,000 | 101,473,000,000 | 82,486,000,000 | 141,000,000 | 62,837,000,000 | ||||
| total liabilities | 214,856,000,000 | 193,638,000,000 | 198,876,000,000 | 188,321,000,000 | 181,236,000,000 | 139,694,000,000 | 135,540,000,000 | 124,091,000,000 | 105,695,000,000 | 96,607,000,000 | 83,953,000,000 | 79,508,000,000 | 73,396,000,000 | 71,390,000,000 | 64,660,000,000 |
| net assets | 4,302,000,000 | 4,622,000,000 | 7,530,000,000 | 6,882,000,000 | 6,623,000,000 | 6,269,000,000 | 5,873,000,000 | 6,141,000,000 | 5,595,000,000 | 3,733,000,000 | 3,854,000,000 | 3,966,000,000 | 3,973,000,000 | 4,176,000,000 | 5,404,000,000 |
| total shareholders funds | 4,302,000,000 | 4,622,000,000 | 7,530,000,000 | 6,882,000,000 | 6,623,000,000 | 6,269,000,000 | 5,873,000,000 | 6,141,000,000 | 5,595,000,000 | 3,733,000,000 | 3,854,000,000 | 3,966,000,000 | 3,973,000,000 | 4,176,000,000 | 5,404,000,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 6,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 7,000,000 | 8,000,000 | 10,000,000 | 12,000,000 |
| Amortisation | |||||||||||||||
| Tax | -120,000,000 | -113,000,000 | -364,000,000 | -191,000,000 | -241,000,000 | -235,000,000 | -319,000,000 | -147,000,000 | 482,000,000 | -157,000,000 | -138,000,000 | ||||
| Stock | |||||||||||||||
| Debtors | 15,685,000,000 | -20,322,000,000 | 15,263,000,000 | 13,330,000,000 | 23,072,000,000 | 8,405,000,000 | 6,135,000,000 | 7,665,000,000 | -36,944,000,000 | 14,185,000,000 | 4,520,000,000 | 5,590,000,000 | 3,607,000,000 | 26,237,000,000 | 53,000,000 |
| Creditors | 11,333,000,000 | -15,269,000,000 | 206,000,000 | 9,773,000,000 | 76,011,000,000 | -5,794,000,000 | 175,000,000 | -48,603,000,000 | 9,649,000,000 | 1,370,000,000 | 3,625,000,000 | 2,299,000,000 | 37,150,000,000 | 129,000,000 | |
| 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 | -951,000,000 | 951,000,000 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 64,000,000 | -25,000,000 | -210,000,000 | 205,000,000 | -207,000,000 | 82,000,000 | -1,151,000,000 | -555,000,000 | -102,000,000 | 236,000,000 | -144,000,000 | 27,000,000 | -172,000,000 | 2,184,000,000 | 39,000,000 |
| overdraft | 2,000,000 | 2,000,000 | -1,000,000 | 1,000,000 | -1,000,000 | 1,000,000 | -5,000,000 | -1,000,000 | 5,000,000 | -7,000,000 | 8,000,000 | ||||
| change in cash | 62,000,000 | -27,000,000 | -209,000,000 | 204,000,000 | -207,000,000 | 82,000,000 | -1,150,000,000 | -556,000,000 | -97,000,000 | 237,000,000 | -149,000,000 | 34,000,000 | -172,000,000 | 2,176,000,000 | 39,000,000 |
legal and general assurance society limited Credit Report and Business Information
Legal And General Assurance Society Limited Competitor Analysis
Perform a competitor analysis for legal and general assurance society limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2R area or any other competitors across 12 key performance metrics.
legal and general assurance society limited Ownership
LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED group structure
Legal And General Assurance Society Limited has 6 subsidiary companies.
Ultimate parent company
2 parents
LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED
00166055
6 subsidiaries
legal and general assurance society limited directors
Legal And General Assurance Society Limited currently has 6 directors. The longest serving directors include Mr Christian Dinesen (Apr 2016) and Mr Stuart Davies (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christian Dinesen | 63 years | Apr 2016 | - | Director | |
| Mr Stuart Davies | 53 years | Mar 2017 | - | Director | |
| Mrs Henrietta Baldock | England | 54 years | Mar 2018 | - | Director |
| Ms Patricia Rodrigues | England | 49 years | Jun 2021 | - | Director |
| Mr Andrew Kail | 56 years | Jan 2024 | - | Director | |
| Ms Robyn Wyatt | 60 years | Jun 2024 | - | Director |
P&L
December 2023turnover
1b
-22%
operating profit
519.8m
0%
gross margin
99.7%
+0.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.3b
-0.07%
total assets
219.2b
+0.11%
cash
271m
+0.31%
net assets
Total assets minus all liabilities
legal and general assurance society limited company details
company number
00166055
Type
Private limited with Share Capital
industry
65110 - Life insurance
incorporation date
April 1920
age
105
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
one coleman street, london, EC2R 5AA
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
legal and general assurance society 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 found 165 charges/mortgages relating to legal and general assurance society limited. Currently there are 77 open charges and 88 have been satisfied in the past.
legal and general assurance society 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.
Click to start generating capital raising & share issue transactions for LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED. This can take several minutes, an email will notify you when this has completed.
legal and general assurance society limited Companies House Filings - See Documents
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