Holgate Insurance Brokers Ltd

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holgate insurance brokers ltd Company Information

Company Number

00945042

Next Accounts

Sep 2025

Directors

Karen Watts

Alexandra Sillett

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Shareholders

karen watts

ben watts

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Group Structure

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Industry

Activities of mortgage finance companies

Registered Address

31 station lane, hornchurch, RM12 6JL

Website

holgateinsurance.co.uk

holgate insurance brokers ltd Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of HOLGATE INSURANCE BROKERS LTD at £3.7m based on a Turnover of £4.5m and 0.82x industry multiple (adjusted for size and gross margin).

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Holgate Insurance Brokers Ltd is a live company located in hornchurch, RM12 6JL with a Companies House number of 00945042. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in December 1968, it's largest shareholder is karen watts with a 50% stake. Holgate Insurance Brokers Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Holgate Insurance Brokers Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £4.5m, make it in line with the average company (£4m)

Growth

3 year (CAGR) sales growth of 64%, show it is growing at a faster rate (7.5%)

EXPORT

Holgate Insurance Brokers Ltd's latest turnover from December 2023 is estimated at £4.5 million and the company has net assets of £88.3 thousand. According to their latest financial statements, Holgate Insurance Brokers Ltd has 10 employees and maintains cash reserves of 0 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	4,510,894	2,949,278	708,155	1,030,659	848,212	2,126,389	94,940	118,857	75,014	95,701	97,008	50,000	58,439	371,842	340,553
Other Income Or Grants
Cost Of Sales	2,582,197	1,708,535	371,528	540,030	428,139	1,060,363	41,108	51,430	40,622	55,724	59,276	33,408	38,207	242,587
Gross Profit	1,928,697	1,240,743	336,627	490,628	420,073	1,066,026	53,833	67,427	34,391	39,978	37,733	16,592	20,232	129,255
Admin Expenses	1,894,974	1,210,787	366,544	495,271	414,045	1,074,050	63,044	16,373	148,870	42,306	31,796	10,326	13,576	122,239	-3,689
Operating Profit	33,723	29,956	-29,917	-4,643	6,028	-8,024	-9,211	51,054	-114,479	-2,328	5,937	6,266	6,656	7,016	3,689
Interest Payable															14
Interest Receivable								75	269	397	483	526	578	10	97
Pre-Tax Profit	33,723	29,956	-29,917	-4,643	6,028	-8,024	-9,211	51,129	-114,210	-1,931	6,421	6,792	7,234	7,026	3,772
Tax	-8,431	-5,692			-1,145			-10,226			-1,477	-1,630	-1,881	-2,912	-3,429
Profit After Tax	25,292	24,264	-29,917	-4,643	4,883	-8,024	-9,211	40,903	-114,210	-1,931	4,944	5,162	5,353	4,114	343
Dividends Paid
Retained Profit	25,292	24,264	-29,917	-4,643	4,883	-8,024	-9,211	40,903	-114,210	-1,931	4,944	5,162	5,353	4,114	343
Employee Costs	587,519	572,311	531,923	516,253	460,377	307,535	48,826	51,700	48,888	47,795	47,829	45,052	42,178	41,586
Number Of Employees	10	10	10	10	9	6	1	1	1	1	1	1	1	1
EBITDA*	33,723	29,956	-29,917	-4,643	6,028	-8,024	-9,211	51,054	-111,541	5,755	15,232	18,659	20,034	16,099	13,287

* 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	7,562	10,084	14,290	17,864	22,331	28,129	33,021	32,386	31,973	29,388	32,336	37,178	40,135	27,248	28,792
Intangible Assets
Investments & Other															3,342
Debtors (Due After 1 year)
Total Fixed Assets	7,562	10,084	14,290	17,864	22,331	28,129	33,021	32,386	31,973	29,388	32,336	37,178	40,135	27,248	32,134
Stock & work in progress
Trade Debtors	1,794,608	1,328,536	600,384	660,934	508,760	824,330	740,254	680,728	790,006	726,928	548,715	499,817	575,356	414,225	387,392
Group Debtors
Misc Debtors														7,831	21,900
Cash									59,648	48,071	110,713	82,625	127,772	103,236	39,384
misc current assets														3,342
total current assets	1,794,608	1,328,536	600,384	660,934	508,760	824,330	740,254	680,728	849,654	774,999	659,428	582,442	703,128	528,634	448,676
total assets	1,802,170	1,338,620	614,674	678,798	531,091	852,459	773,275	713,114	881,627	804,387	691,764	619,620	743,263	555,882	480,810
Bank overdraft
Bank loan
Trade Creditors	1,713,830	1,275,572	575,890	610,097	457,747	676,683	457,002	627,418	786,834	595,384	480,830	413,630	542,435	270,039	277,981
Group/Directors Accounts														52,570
other short term finances
hp & lease commitments
other current liabilities														37,798	11,468
total current liabilities	1,713,830	1,275,572	575,890	610,097	457,747	676,683	457,002	627,418	786,834	595,384	480,830	413,630	542,435	360,407	289,449
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities						107,315	239,788
provisions
total long term liabilities						107,315	239,788
total liabilities	1,713,830	1,275,572	575,890	610,097	457,747	783,998	696,790	627,418	786,834	595,384	480,830	413,630	542,435	360,407	289,449
net assets	88,340	63,048	38,784	68,701	73,344	68,461	76,485	85,696	94,793	209,003	210,934	205,990	200,828	195,475	191,361
total shareholders funds	88,340	63,048	38,784	68,701	73,344	68,461	76,485	85,696	94,793	209,003	210,934	205,990	200,828	195,475	191,361

	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	33,723	29,956	-29,917	-4,643	6,028	-8,024	-9,211	51,054	-114,479	-2,328	5,937	6,266	6,656	7,016	3,689
Depreciation									2,938	8,083	9,295	12,393	13,378	9,083	9,598
Amortisation
Tax	-8,431	-5,692			-1,145			-10,226			-1,477	-1,630	-1,881	-2,912	-3,429
Stock
Debtors	466,072	728,152	-60,550	152,174	-315,570	84,076	59,526	-109,278	63,078	178,213	48,898	-75,539	153,300	12,764	409,292
Creditors	438,258	699,682	-34,207	152,350	-218,936	219,681	-170,416	-159,416	191,450	114,554	67,200	-128,805	272,396	-7,942	277,981
Accruals and Deferred Income													-37,798	26,330	11,468
Deferred Taxes & Provisions
Cash flow from operations	-2,522	-4,206	-3,574	-4,467	101,517	127,581	-239,153	-9,310	16,831	-57,904	32,057	-36,237	99,451	18,811	-109,985
Investing Activities
capital expenditure	2,522	4,206	3,574	4,467	5,798	4,892	-635	-413	-5,523	-5,135	-4,453	-9,436	-26,265	-9,200	-1,777
Change in Investments														-3,342	3,342
cash flow from investments	2,522	4,206	3,574	4,467	5,798	4,892	-635	-413	-5,523	-5,135	-4,453	-9,436	-26,265	-5,858	-5,119
Financing Activities
Bank loans
Group/Directors Accounts													-52,570	52,570
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities					-107,315	-132,473	239,788
share issue								-50,000							191,018
interest								75	269	397	483	526	578	10	83
cash flow from financing					-107,315	-132,473	239,788	-49,925	269	397	483	526	-51,992	52,580	191,101
cash and cash equivalents
cash								-59,648	11,577	-62,642	28,088	-45,147	24,536	63,852	39,384
overdraft
change in cash								-59,648	11,577	-62,642	28,088	-45,147	24,536	63,852	39,384

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOLGATE INSURANCE BROKERS LTD group structure

Holgate Insurance Brokers Ltd has no subsidiary companies.

Ultimate parent company

HOLGATE INSURANCE BROKERS LTD

00945042

HOLGATE INSURANCE BROKERS LTD Shareholders

karen watts	50%
ben watts	25%
alexandra sillett	25%

Holgate Insurance Brokers Ltd currently has 3 directors. The longest serving directors include Mrs Karen Watts (Jan 2012) and Mrs Alexandra Sillett (Nov 2019).

officer	country	age	start	end	role
Mrs Karen Watts	England	66 years	Jan 2012	-	Director
Mrs Alexandra Sillett	United Kingdom	31 years	Nov 2019	-	Director
Mr Ben Watts	England	33 years	Nov 2019	-	Director

P&L

December 2023

turnover

4.5m

+53%

operating profit

33.7k

gross margin

42.8%

+1.63%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

88.3k

+0.4%

total assets

1.8m

+0.35%

cash

net assets

Total assets minus all liabilities

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company number

00945042

Type

Private limited with Share Capital

industry

64922 - Activities of mortgage finance companies

65120 - Non-life insurance

incorporation date

December 1968

ultimate parent company

None

previous names

forest (insurance brokers) limited (April 1990)

address

31 station lane, hornchurch, RM12 6JL

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 did not find charges/mortgages relating to holgate insurance brokers ltd.

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holgate insurance brokers ltd Company Information

holgate insurance brokers ltd Estimated Valuation

holgate insurance brokers ltd Estimated Valuation

holgate insurance brokers ltd Estimated Valuation

Holgate Insurance Brokers Ltd Overview

Holgate Insurance Brokers Ltd Health Check

HOLGATE INSURANCE BROKERS LTD financials

holgate insurance brokers ltd Credit Report and Business Information

Holgate Insurance Brokers Ltd Competitor Analysis

holgate insurance brokers ltd Ownership

holgate insurance brokers ltd directors

holgate insurance brokers ltd company details

holgate insurance brokers ltd Charges & Mortgages

holgate insurance brokers ltd Capital Raised & Share Issues BETA

holgate insurance brokers ltd Companies House Filings - See Documents