motor insurers' bureau
motor insurers' bureau Company Information
Group Structure
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Industry
Other business support service activities n.e.c.
Registered Address
linford wood house, 6-12 capital drive linford wood, milton keynes, buckinghamshire, MK14 6XT
Website
http://mib.org.ukmotor insurers' bureau Estimated Valuation
Pomanda estimates the enterprise value of MOTOR INSURERS' BUREAU at £465.8m based on a Turnover of £374.8m and 1.24x industry multiple (adjusted for size and gross margin).
motor insurers' bureau Estimated Valuation
Pomanda estimates the enterprise value of MOTOR INSURERS' BUREAU at £1.1b based on an EBITDA of £117.6m and a 8.94x industry multiple (adjusted for size and gross margin).
motor insurers' bureau Estimated Valuation
Pomanda estimates the enterprise value of MOTOR INSURERS' BUREAU at £0 based on Net Assets of £0 and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Motor Insurers' Bureau Overview
Motor Insurers' Bureau is a live company located in milton keynes, MK14 6XT with a Companies House number of 00412787. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 1946, it's largest shareholder is unknown. Motor Insurers' Bureau is a mature, mega sized company, Pomanda has estimated its turnover at £374.8m with declining growth in recent years.
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Motor Insurers' Bureau Health Check
Pomanda's financial health check has awarded Motor Insurers' Bureau a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £374.8m, make it larger than the average company (£4.8m)
£374.8m - Motor Insurers' Bureau
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (6.7%)
-9% - Motor Insurers' Bureau
6.7% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
38.1% - Motor Insurers' Bureau
38.1% - Industry AVG
Profitability
an operating margin of 31.2% make it more profitable than the average company (5.7%)
31.2% - Motor Insurers' Bureau
5.7% - Industry AVG
Employees
with 412 employees, this is above the industry average (27)
412 - Motor Insurers' Bureau
27 - Industry AVG
Pay Structure
on an average salary of £70.1k, the company has a higher pay structure (£53.9k)
£70.1k - Motor Insurers' Bureau
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £909.7k, this is more efficient (£171.5k)
£909.7k - Motor Insurers' Bureau
£171.5k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (42 days)
44 days - Motor Insurers' Bureau
42 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (32 days)
1 days - Motor Insurers' Bureau
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Motor Insurers' Bureau
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (22 weeks)
7 weeks - Motor Insurers' Bureau
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (62.5%)
100% - Motor Insurers' Bureau
62.5% - Industry AVG
MOTOR INSURERS' BUREAU financials
Motor Insurers' Bureau's latest turnover from December 2023 is £374.8 million and the company has net assets of 0. According to their latest financial statements, Motor Insurers' Bureau has 412 employees and maintains cash reserves of £77.5 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 | 374,781,000 | 676,687,000 | 534,997,000 | 499,249,000 | 614,897,000 | 465,741,000 | 514,955,000 | 657,729,000 | 289,420,000 | 313,176,000 | 142,973,000 | 282,635,000 | 120,746,000 | 148,246,000 | 226,662,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 116,962,000 | -2,175,000 | 611,000 | 115,000 | -375,000 | 142,000 | 245,000 | -3,449,000 | -2,322,000 | -828,000 | -1,791,000 | -1,052,000 | -1,265,000 | -163,000 | -2,188,000 |
| Interest Payable | 125,070,000 | 347,000 | 3,612,000 | 2,698,000 | 3,676,000 | 4,012,000 | 3,636,000 | 1,646,000 | 2,541,000 | 1,939,000 | 2,956,000 | 3,253,000 | |||
| Interest Receivable | 8,108,000 | 2,522,000 | 3,001,000 | 2,722,000 | 4,051,000 | 3,870,000 | 3,391,000 | 3,381,000 | 4,859,000 | 2,767,000 | 4,751,000 | 4,305,000 | 3,116,000 | 5,125,000 | 5,070,000 |
| Pre-Tax Profit | 139,000 | -4,000 | 4,000 | ||||||||||||
| Tax | -139,000 | 4,000 | -4,000 | ||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | 28,873,000 | 26,337,000 | 23,250,000 | 34,317,000 | 33,578,000 | 26,094,000 | 20,176,000 | 18,104,000 | 15,726,000 | 14,540,000 | 13,660,000 | 12,851,000 | 11,738,000 | 11,055,000 | 9,700,000 |
| Number Of Employees | 412 | 386 | 400 | 472 | 483 | 559 | 519 | 478 | 431 | 416 | 409 | 399 | 368 | 332 | 320 |
| EBITDA* | 117,589,000 | -1,664,000 | 729,000 | 581,000 | -114,000 | 445,000 | 454,000 | -3,232,000 | -2,213,000 | -714,000 | -1,675,000 | -915,000 | -1,124,000 | -61,000 | -2,115,000 |
* 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 | 5,836,000 | 6,388,000 | 5,473,000 | 3,761,000 | 4,481,000 | 4,695,000 | 4,260,000 | 4,174,000 | 4,172,000 | 3,645,000 | 3,709,000 | 3,592,000 | 3,671,000 | 3,714,000 | 3,606,000 |
| Intangible Assets | 605,000 | 3,346,000 | 107,000 | 214,000 | |||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 6,441,000 | 9,734,000 | 5,473,000 | 3,761,000 | 4,481,000 | 4,695,000 | 4,367,000 | 4,388,000 | 4,172,000 | 3,645,000 | 3,709,000 | 3,592,000 | 3,671,000 | 3,714,000 | 3,606,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 45,468,000 | 46,916,000 | 2,965,097,000 | 36,115,000 | 2,736,801,000 | ||||||||||
| Group Debtors | 2,951,360,000 | 3,073,614,000 | |||||||||||||
| Misc Debtors | 2,506,000 | 9,223,000 | 2,799,497,000 | 2,609,000 | 2,460,963,000 | 2,301,408,000 | 2,045,182,000 | 1,574,005,000 | 1,519,330,000 | 1,437,934,000 | 1,533,288,000 | 1,530,799,000 | 1,684,403,000 | 1,837,439,000 | |
| Cash | 77,482,000 | 29,632,000 | 1,277,000 | 5,581,000 | 3,651,000 | 5,794,000 | 2,076,000 | 4,306,000 | 12,810,000 | 4,538,000 | 9,152,000 | 6,012,000 | 7,813,000 | 38,796,000 | 27,858,000 |
| misc current assets | 193,052,000 | 147,248,000 | 121,833,000 | 120,986,000 | 64,802,000 | 111,803,000 | 92,504,000 | 90,557,000 | 92,558,000 | 72,275,000 | 60,653,000 | 58,101,000 | 83,936,000 | 49,004,000 | 101,224,000 |
| total current assets | 3,269,868,000 | 3,306,633,000 | 3,088,207,000 | 2,962,179,000 | 2,807,863,000 | 2,578,560,000 | 2,395,988,000 | 2,140,045,000 | 1,679,373,000 | 1,596,143,000 | 1,507,739,000 | 1,597,401,000 | 1,622,548,000 | 1,772,203,000 | 1,966,521,000 |
| total assets | 3,276,309,000 | 3,316,367,000 | 3,093,680,000 | 2,965,940,000 | 2,812,344,000 | 2,583,255,000 | 2,400,355,000 | 2,144,433,000 | 1,683,545,000 | 1,599,788,000 | 1,511,448,000 | 1,600,993,000 | 1,626,219,000 | 1,775,917,000 | 1,970,127,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 260,000 | ||||||||||||||
| Trade Creditors | 1,220,000 | 1,847,000 | 2,458,000 | 1,700,000 | 520,000 | 912,000 | 968,000 | 565,000 | 506,000 | 227,000 | 837,000 | 411,000 | 1,797,000 | 401,000 | 1,240,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 24,231,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 572,335,000 | 603,941,000 | 543,263,000 | 452,848,000 | 439,310,000 | 331,921,000 | 299,516,000 | 259,273,000 | 232,852,000 | 227,231,000 | 231,416,000 | 241,667,000 | 326,267,000 | 351,243,000 | 437,119,000 |
| total current liabilities | 573,555,000 | 605,788,000 | 545,721,000 | 454,548,000 | 439,830,000 | 332,833,000 | 300,484,000 | 259,838,000 | 233,358,000 | 227,458,000 | 232,253,000 | 242,078,000 | 328,064,000 | 375,875,000 | 438,619,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 413,000 | 189,000 | 34,000 | 195,000 | 34,000 | 81,000 | 173,000 | 6,314,000 | |||||||
| provisions | 5,404,682,000 | 5,421,158,000 | 5,095,540,000 | 2,500,923,000 | 4,744,638,000 | 4,500,776,000 | 4,199,580,000 | 3,768,844,000 | 2,900,374,000 | 2,744,660,000 | 2,558,390,000 | 2,717,830,000 | 2,596,310,000 | 2,800,084,000 | 3,050,388,000 |
| total long term liabilities | 2,702,754,000 | 2,710,579,000 | 2,547,959,000 | 2,511,392,000 | 2,372,514,000 | 2,250,422,000 | 2,099,871,000 | 1,884,595,000 | 1,450,187,000 | 1,372,330,000 | 1,279,195,000 | 1,358,915,000 | 1,298,155,000 | 1,400,042,000 | 1,531,508,000 |
| total liabilities | 3,276,309,000 | 3,316,367,000 | 3,093,680,000 | 2,965,940,000 | 2,812,344,000 | 2,583,255,000 | 2,400,355,000 | 2,144,433,000 | 1,683,545,000 | 1,599,788,000 | 1,511,448,000 | 1,600,993,000 | 1,626,219,000 | 1,775,917,000 | 1,970,127,000 |
| net assets | |||||||||||||||
| total shareholders funds |
| 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 | 116,962,000 | -2,175,000 | 611,000 | 115,000 | -375,000 | 142,000 | 245,000 | -3,449,000 | -2,322,000 | -828,000 | -1,791,000 | -1,052,000 | -1,265,000 | -163,000 | -2,188,000 |
| Depreciation | 551,000 | 367,000 | 176,000 | 261,000 | 196,000 | 102,000 | 110,000 | 109,000 | 114,000 | 116,000 | 137,000 | 141,000 | 102,000 | 73,000 | |
| Amortisation | 76,000 | 144,000 | 118,000 | 290,000 | 107,000 | 107,000 | 107,000 | ||||||||
| Tax | -139,000 | 4,000 | -4,000 | ||||||||||||
| Stock | |||||||||||||||
| Debtors | -130,419,000 | 164,656,000 | 129,485,000 | 96,202,000 | 278,447,000 | 159,555,000 | 256,226,000 | 471,177,000 | 54,675,000 | 81,396,000 | -95,354,000 | 2,489,000 | -153,604,000 | -153,036,000 | 1,837,439,000 |
| Creditors | -627,000 | -611,000 | 758,000 | 1,180,000 | -392,000 | -56,000 | 403,000 | 59,000 | 279,000 | -610,000 | 426,000 | -1,386,000 | 1,396,000 | -839,000 | 1,240,000 |
| Accruals and Deferred Income | -31,606,000 | 60,678,000 | 90,415,000 | 13,538,000 | 107,389,000 | 32,405,000 | 40,243,000 | 26,421,000 | 5,621,000 | -4,185,000 | -10,251,000 | -84,600,000 | -24,976,000 | -85,876,000 | 437,119,000 |
| Deferred Taxes & Provisions | -16,476,000 | 325,618,000 | 2,594,617,000 | -2,243,715,000 | 243,862,000 | 301,196,000 | 430,736,000 | 868,470,000 | 155,714,000 | 186,270,000 | -159,440,000 | 121,520,000 | -203,774,000 | -250,304,000 | 3,050,388,000 |
| Cash flow from operations | 199,299,000 | 219,365,000 | 2,557,034,000 | -2,324,757,000 | 72,298,000 | 174,435,000 | 215,610,000 | 420,541,000 | 104,730,000 | 99,365,000 | -75,590,000 | 32,130,000 | -74,874,000 | -184,044,000 | 1,649,193,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -260,000 | 260,000 | |||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -24,231,000 | 24,231,000 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 413,000 | -189,000 | 155,000 | -161,000 | 161,000 | -47,000 | -92,000 | 173,000 | -6,314,000 | 6,314,000 | |||||
| share issue | |||||||||||||||
| interest | -116,962,000 | 2,175,000 | -611,000 | 24,000 | 375,000 | -142,000 | -245,000 | 1,735,000 | 2,318,000 | 828,000 | 1,795,000 | 1,052,000 | 3,116,000 | 5,125,000 | 5,070,000 |
| cash flow from financing | -116,549,000 | 1,986,000 | -456,000 | -137,000 | 536,000 | -189,000 | -337,000 | 1,908,000 | 2,318,000 | 828,000 | 1,795,000 | 1,052,000 | -21,115,000 | 22,782,000 | 11,644,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 47,850,000 | 28,355,000 | -4,304,000 | 1,930,000 | -2,143,000 | 3,718,000 | -2,230,000 | -8,504,000 | 8,272,000 | -4,614,000 | 3,140,000 | -1,801,000 | -30,983,000 | 10,938,000 | 27,858,000 |
| overdraft | |||||||||||||||
| change in cash | 47,850,000 | 28,355,000 | -4,304,000 | 1,930,000 | -2,143,000 | 3,718,000 | -2,230,000 | -8,504,000 | 8,272,000 | -4,614,000 | 3,140,000 | -1,801,000 | -30,983,000 | 10,938,000 | 27,858,000 |
motor insurers' bureau Credit Report and Business Information
Motor Insurers' Bureau Competitor Analysis
Perform a competitor analysis for motor insurers' bureau by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in MK14 area or any other competitors across 12 key performance metrics.
motor insurers' bureau Ownership
MOTOR INSURERS' BUREAU group structure
Motor Insurers' Bureau has 3 subsidiary companies.
Ultimate parent company
MOTOR INSURERS' BUREAU
00412787
3 subsidiaries
motor insurers' bureau directors
Motor Insurers' Bureau currently has 15 directors. The longest serving directors include Mr Karl Helgesen (Mar 2018) and Mr Michael Crane (Aug 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Karl Helgesen | 52 years | Mar 2018 | - | Director | |
| Mr Michael Crane | England | 56 years | Aug 2018 | - | Director |
| Mr Rhodri Charles | 49 years | Sep 2018 | - | Director | |
| Mrs Jessie Burrows | 56 years | Jan 2022 | - | Director | |
| Mrs Claire Weston | England | 39 years | Dec 2022 | - | Director |
| Mr Geoffrey Carter | United Kingdom | 56 years | Dec 2022 | - | Director |
| Mr Waseem Malik | 48 years | Dec 2022 | - | Director | |
| Mr Mr Beckett | England | 48 years | Dec 2022 | - | Director |
| Mr Christopher Makomereh | United Kingdom | 38 years | Mar 2023 | - | Director |
| Mr Adam Miller | United Kingdom | 49 years | Feb 2024 | - | Director |
P&L
December 2023turnover
374.8m
-45%
operating profit
117m
-5478%
gross margin
38.1%
-0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
0
0%
total assets
3.3b
-0.01%
cash
77.5m
+1.61%
net assets
Total assets minus all liabilities
Similar Companies
motor insurers' bureau company details
company number
00412787
Type
Private Ltd By Guarantee w/o Share Cap
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 1946
age
79
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
motor insurers' bureau (October 2009)
accountant
-
auditor
BDO LLP
address
linford wood house, 6-12 capital drive linford wood, milton keynes, buckinghamshire, MK14 6XT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
motor insurers' bureau 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 2 charges/mortgages relating to motor insurers' bureau. Currently there are 1 open charges and 1 have been satisfied in the past.
motor insurers' bureau 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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motor insurers' bureau Companies House Filings - See Documents
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