river thames insurance company limited

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river thames insurance company limited Company Information

Share RIVER THAMES INSURANCE COMPANY LIMITED

Company Number

00462838

Directors

Ann Slade

Michael Heap

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Shareholders

cavello bay reinsurance limited

Group Structure

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Industry

Non-life insurance

 

Registered Address

8th floor one creechurch place, london, EC3A 5AY

river thames insurance company limited Estimated Valuation

£89.8k

Pomanda estimates the enterprise value of RIVER THAMES INSURANCE COMPANY LIMITED at £89.8k based on a Turnover of £152.1k and 0.59x industry multiple (adjusted for size and gross margin).

river thames insurance company limited Estimated Valuation

£130m

Pomanda estimates the enterprise value of RIVER THAMES INSURANCE COMPANY LIMITED at £130m based on an EBITDA of £19.6m and a 6.63x industry multiple (adjusted for size and gross margin).

river thames insurance company limited Estimated Valuation

£261.7m

Pomanda estimates the enterprise value of RIVER THAMES INSURANCE COMPANY LIMITED at £261.7m based on Net Assets of £155.5m and 1.68x industry multiple (adjusted for liquidity).

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River Thames Insurance Company Limited Overview

River Thames Insurance Company Limited is a live company located in london, EC3A 5AY with a Companies House number of 00462838. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 1948, it's largest shareholder is cavello bay reinsurance limited with a 100% stake. River Thames Insurance Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £152.1k with unknown growth in recent years.

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River Thames Insurance Company Limited Health Check

Pomanda's financial health check has awarded River Thames Insurance Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £152.1k, make it smaller than the average company (£2.1m)

£152.1k - River Thames Insurance Company Limited

£2.1m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - River Thames Insurance Company Limited

- - Industry AVG

production

Production

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

100% - River Thames Insurance Company Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 12897% make it more profitable than the average company (17.6%)

12897% - River Thames Insurance Company Limited

17.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (26)

1 - River Thames Insurance Company Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £65.4k, the company has an equivalent pay structure (£65.4k)

£65.4k - River Thames Insurance Company Limited

£65.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £152.1k, this is equally as efficient (£163.6k)

£152.1k - River Thames Insurance Company Limited

£163.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6824 days, this is later than average (216 days)

6824 days - River Thames Insurance Company Limited

216 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - River Thames Insurance Company Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - River Thames Insurance Company Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (18 weeks)

61 weeks - River Thames Insurance Company Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.8%, this is a lower level of debt than the average (81.5%)

62.8% - River Thames Insurance Company Limited

81.5% - Industry AVG

RIVER THAMES INSURANCE COMPANY LIMITED financials

EXPORTms excel logo

River Thames Insurance Company Limited's latest turnover from December 2023 is £152.1 thousand and the company has net assets of £155.5 million. According to their latest financial statements, we estimate that River Thames Insurance Company Limited has 1 employee and maintains cash reserves of £9.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover152,14648,444164,674-118,460,367426,499807,914568,013-30,76017,849000000
Other Income Or Grants000000000000000
Cost Of Sales00190005,279-9521,728000000
Gross Profit152,14648,444164,655-118,460,367426,499807,914562,734-29,80816,121000000
Admin Expenses-19,470,06254,471,125-3,140,289-140,533,121-53,319,84723,168,325-51,529,792-12,764,106-9,147,318000000
Operating Profit19,622,208-54,422,6813,304,94422,072,75453,746,346-22,360,41152,092,52612,734,2989,163,439000000
Interest Payable44,23928,80311,90440,62637,28730,49547,27826,3986,835000000
Interest Receivable389,230320,83531,13510,66990,454212,835111,9378,3799,351000000
Pre-Tax Profit16,409,053-54,263,8712,520,78219,422,21548,320,387-23,915,91140,356,14210,774,3776,891,200000000
Tax-1,433,654133,222171,800-1,567,549-4,742,7821,737,8401,891,179-601,353441,564000000
Profit After Tax14,975,399-54,130,6492,692,58217,854,66543,577,605-22,178,07142,247,32110,173,0247,332,764000000
Dividends Paid075,694,49700061,830,173123,660,34620,386,03561,929,226000000
Retained Profit14,975,399-129,825,1462,692,58217,854,66543,577,605-84,008,244-81,413,026-10,213,011-54,596,461000000
Employee Costs65,41562,29200168,3160053,17651,90153,05551,16949,79150,55348,1290
Number Of Employees112-77736411111110
EBITDA*19,622,208-54,422,6813,304,94422,072,75453,746,346-22,360,41152,092,52612,734,2989,163,439000000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets404,412,989407,100,144599,996,833648,946,790484,369,046540,299,258669,910,965123,486,620151,319,261000000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets404,412,989407,100,144599,996,833648,946,790484,369,046540,299,258669,910,965123,486,620151,319,261000000
Stock & work in progress000000000000000
Trade Debtors2,844,5993,386,5725,167,4451,581,9302,205,77515,496,29015,905,1945,670,5632,575,664000000
Group Debtors000000000000000
Misc Debtors000000000000000
Cash9,240,7845,587,01112,746,41812,161,4089,177,04814,943,94141,812,0362,962,9343,740,494000000
misc current assets799,334673,681843,164977,921550,344492,993668,59049,98579,932000000
total current assets13,690,86411,356,44518,806,11222,929,53225,455,07839,041,22062,400,6609,055,6756,850,846000000
total assets418,103,853418,456,589618,802,945671,876,322509,824,124579,340,478732,311,624132,542,295158,170,107000000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 4,509,8785,778,5189,797,32412,522,62917,646,19728,323,16638,806,2654,001,8464,800,559000000
Group/Directors Accounts000000000000000
other short term finances250,549535,91770,462310,4641,021,54583,265820,280634,420210,306000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities7,798,8046,509,72710,108,46313,077,57419,415,94628,695,79641,488,8715,418,3335,498,991000000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities254,802,059271,419,272325,927,480359,533,034246,632,713325,426,216381,596,04361,318,05675,956,076000000
total liabilities262,600,863277,928,999336,035,943372,610,608266,048,659354,122,012423,084,91366,736,38981,455,068000000
net assets155,502,990140,527,591282,767,002299,265,714243,775,465225,218,467309,226,71165,805,90676,715,040000000
total shareholders funds155,502,990140,527,591282,767,002299,265,714243,775,465225,218,467309,226,71165,805,90676,715,040000000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit19,622,208-54,422,6813,304,94422,072,75453,746,346-22,360,41152,092,52612,734,2989,163,439000000
Depreciation000000000000000
Amortisation000000000000000
Tax-1,433,654133,222171,800-1,567,549-4,742,7821,737,8401,891,179-601,353441,564000000
Stock000000000000000
Debtors-541,973-1,780,8733,585,515-623,844-13,290,516-408,90410,234,6313,094,8992,575,664000000
Creditors-1,268,640-4,018,806-2,725,305-5,123,567-10,676,969-10,483,10034,804,420-798,7134,800,559000000
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations17,461,887-56,527,392-2,834,07616,005,48251,617,111-30,696,76778,553,4948,239,33311,829,898000000
Investing Activities
capital expenditure2,687,155192,896,68948,949,956-164,577,74455,930,212129,611,707-546,424,34527,832,642-151,319,261000000
Change in Investments000000000000000
cash flow from investments2,687,155192,896,68948,949,956-164,577,74455,930,212129,611,707-546,424,34527,832,642-151,319,261000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans -285,368465,455-240,003-711,080938,280-737,016185,860424,114210,306000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0-12,414,265-19,191,29437,635,583-25,020,6060324,833,831-696,123131,311,501000000
interest344,991292,03219,231-29,95753,167182,34064,659-18,0192,516000000
cash flow from financing59,623-11,656,778-19,412,06636,894,546-24,029,159-554,676325,084,350-290,028131,524,323000000
cash and cash equivalents
cash3,653,773-7,159,407585,0102,984,359-5,766,892-26,868,09638,849,102-777,5593,740,494000000
overdraft000000000000000
change in cash3,653,773-7,159,407585,0102,984,359-5,766,892-26,868,09638,849,102-777,5593,740,494000000

river thames insurance company limited 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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River Thames Insurance Company Limited Competitor Analysis

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Perform a competitor analysis for river thames insurance company limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC3A area or any other competitors across 12 key performance metrics.

river thames insurance company limited Ownership

RIVER THAMES INSURANCE COMPANY LIMITED group structure

River Thames Insurance Company Limited has no subsidiary companies.

Ultimate parent company

CAVELLO BAY REINSURANCE LTD

#0168760

1 parent

RIVER THAMES INSURANCE COMPANY LIMITED

00462838

RIVER THAMES INSURANCE COMPANY LIMITED Shareholders

cavello bay reinsurance limited 100%

river thames insurance company limited directors

River Thames Insurance Company Limited currently has 6 directors. The longest serving directors include Ms Ann Slade (May 2017) and Mr Michael Heap (Jun 2022).

officercountryagestartendrole
Ms Ann SladeUnited Kingdom50 years May 2017- Director
Mr Michael HeapUnited Kingdom55 years Jun 2022- Director
Mr Michael HeapUnited Kingdom55 years Jun 2022- Director
Mrs Mary GoddardEngland67 years Aug 2022- Director
Mr Jeremy Haynes58 years May 2023- Director
Mr Nicolas CrossleyUnited Kingdom48 years Nov 2024- Director

P&L

December 2023

turnover

152.1k

+214%

operating profit

19.6m

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

155.5m

+0.11%

total assets

418.1m

0%

cash

9.2m

+0.65%

net assets

Total assets minus all liabilities

river thames insurance company limited company details

company number

00462838

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

December 1948

age

77

incorporated

UK

ultimate parent company

CAVELLO BAY REINSURANCE LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

8th floor one creechurch place, london, EC3A 5AY

Bank

BARCLAYS BANK PLC

Legal Advisor

-

river thames insurance company 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 9 charges/mortgages relating to river thames insurance company limited. Currently there are 5 open charges and 4 have been satisfied in the past.

river thames insurance company 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 RIVER THAMES INSURANCE COMPANY LIMITED. This can take several minutes, an email will notify you when this has completed.

river thames insurance company limited Companies House Filings - See Documents

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