river thames insurance company limited Company Information
Company Number
00462838
Next Accounts
Sep 2025
Shareholders
cavello bay reinsurance limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
8th floor one creechurch place, london, EC3A 5AY
river thames insurance company limited Estimated Valuation
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
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
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
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3 Strong
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3 Regular
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3 Weak
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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
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Growth
There is insufficient data available for this Key Performance Indicator!
- River Thames Insurance Company Limited
- - Industry AVG
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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
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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
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Employees
with 1 employees, this is below the industry average (26)
- River Thames Insurance Company Limited
26 - Industry AVG
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Pay Structure
on an average salary of £65.4k, the company has an equivalent pay structure (£65.4k)
- River Thames Insurance Company Limited
£65.4k - Industry AVG
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Efficiency
resulting in sales per employee of £152.1k, this is equally as efficient (£163.6k)
- River Thames Insurance Company Limited
£163.6k - Industry AVG
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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
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - River Thames Insurance Company Limited
- - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - River Thames Insurance Company Limited
- - Industry AVG
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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
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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
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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 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 | 152,146 | 48,444 | 164,674 | -118,460,367 | 426,499 | 807,914 | 568,013 | -30,760 | 17,849 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | 16,409,053 | -54,263,871 | 2,520,782 | 19,422,215 | 48,320,387 | -23,915,911 | 40,356,142 | 10,774,377 | 6,891,200 | ||||||
Tax | -1,433,654 | 133,222 | 171,800 | -1,567,549 | -4,742,782 | 1,737,840 | 1,891,179 | -601,353 | 441,564 | ||||||
Profit After Tax | 14,975,399 | -54,130,649 | 2,692,582 | 17,854,665 | 43,577,605 | -22,178,071 | 42,247,321 | 10,173,024 | 7,332,764 | ||||||
Dividends Paid | 0 | 75,694,497 | 0 | 0 | 0 | 61,830,173 | 123,660,346 | 20,386,035 | 61,929,226 | ||||||
Retained Profit | 14,975,399 | -129,825,146 | 2,692,582 | 17,854,665 | 43,577,605 | -84,008,244 | -81,413,026 | -10,213,011 | -54,596,461 | ||||||
Employee Costs | 0 | 0 | 0 | 0 | |||||||||||
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 | 404,412,989 | 407,100,144 | 599,996,833 | 648,946,790 | 484,369,046 | 540,299,258 | 669,910,965 | 123,486,620 | 151,319,261 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 404,412,989 | 407,100,144 | 599,996,833 | 648,946,790 | 484,369,046 | 540,299,258 | 669,910,965 | 123,486,620 | 151,319,261 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 2,844,599 | 3,386,572 | 5,167,445 | 1,581,930 | 2,205,775 | 15,496,290 | 15,905,194 | 5,670,563 | 2,575,664 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 9,240,784 | 5,587,011 | 12,746,418 | 12,161,408 | 9,177,048 | 14,943,941 | 41,812,036 | 2,962,934 | 3,740,494 | 0 | 0 | 0 | 0 | 0 | 0 |
misc current assets | 799,334 | 673,681 | 843,164 | 977,921 | 550,344 | 492,993 | 668,590 | 49,985 | 79,932 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 13,690,864 | 11,356,445 | 18,806,112 | 22,929,532 | 25,455,078 | 39,041,220 | 62,400,660 | 9,055,675 | 6,850,846 | 0 | 0 | 0 | 0 | 0 | 0 |
total assets | 418,103,853 | 418,456,589 | 618,802,945 | 671,876,322 | 509,824,124 | 579,340,478 | 732,311,624 | 132,542,295 | 158,170,107 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 4,509,878 | 5,778,518 | 9,797,324 | 12,522,629 | 17,646,197 | 28,323,166 | 38,806,265 | 4,001,846 | 4,800,559 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 250,549 | 535,917 | 70,462 | 310,464 | 1,021,545 | 83,265 | 820,280 | 634,420 | 210,306 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 7,798,804 | 6,509,727 | 10,108,463 | 13,077,574 | 19,415,946 | 28,695,796 | 41,488,871 | 5,418,333 | 5,498,991 | 0 | 0 | 0 | 0 | 0 | 0 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 254,802,059 | 271,419,272 | 325,927,480 | 359,533,034 | 246,632,713 | 325,426,216 | 381,596,043 | 61,318,056 | 75,956,076 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 262,600,863 | 277,928,999 | 336,035,943 | 372,610,608 | 266,048,659 | 354,122,012 | 423,084,913 | 66,736,389 | 81,455,068 | 0 | 0 | 0 | 0 | 0 | 0 |
net assets | 155,502,990 | 140,527,591 | 282,767,002 | 299,265,714 | 243,775,465 | 225,218,467 | 309,226,711 | 65,805,906 | 76,715,040 | 0 | 0 | 0 | 0 | 0 | 0 |
total shareholders funds | 155,502,990 | 140,527,591 | 282,767,002 | 299,265,714 | 243,775,465 | 225,218,467 | 309,226,711 | 65,805,906 | 76,715,040 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Amortisation | |||||||||||||||
Tax | -1,433,654 | 133,222 | 171,800 | -1,567,549 | -4,742,782 | 1,737,840 | 1,891,179 | -601,353 | 441,564 | ||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -541,973 | -1,780,873 | 3,585,515 | -623,844 | -13,290,516 | -408,904 | 10,234,631 | 3,094,899 | 2,575,664 | 0 | 0 | 0 | 0 | 0 | 0 |
Creditors | -1,268,640 | -4,018,806 | -2,725,305 | -5,123,567 | -10,676,969 | -10,483,100 | 34,804,420 | -798,713 | 4,800,559 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | -285,368 | 465,455 | -240,003 | -711,080 | 938,280 | -737,016 | 185,860 | 424,114 | 210,306 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 3,653,773 | -7,159,407 | 585,010 | 2,984,359 | -5,766,892 | -26,868,096 | 38,849,102 | -777,559 | 3,740,494 | 0 | 0 | 0 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 3,653,773 | -7,159,407 | 585,010 | 2,984,359 | -5,766,892 | -26,868,096 | 38,849,102 | -777,559 | 3,740,494 | 0 | 0 | 0 | 0 | 0 | 0 |
river thames insurance company limited Credit Report and Business Information
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Ann Slade | United Kingdom | 50 years | May 2017 | - | Director |
Mr Michael Heap | United Kingdom | 55 years | Jun 2022 | - | Director |
Mr Michael Heap | United Kingdom | 55 years | Jun 2022 | - | Director |
Mrs Mary Goddard | England | 67 years | Aug 2022 | - | Director |
Mr Jeremy Haynes | 58 years | May 2023 | - | Director | |
Mr Nicolas Crossley | United Kingdom | 48 years | Nov 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
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river thames insurance company limited Companies House Filings - See Documents
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