legal and general assurance (pensions management) limited

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legal and general assurance (pensions management) limited Company Information

Share LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED
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MatureMegaDeclining

Company Number

01006112

Website

lgim.com

Registered Address

one coleman street, london, EC2R 5AA

Industry

Life insurance

 

Telephone

02031242000

Next Accounts Due

September 2025

Group Structure

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Directors

Sarah Aitken9 Years

Michael Walsh8 Years

View All

Shareholders

legal & general investment management (holdings) ltd 100%

legal and general assurance (pensions management) limited Estimated Valuation

£33.8b

Pomanda estimates the enterprise value of LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED at £33.8b based on a Turnover of £27.7b and 1.22x industry multiple (adjusted for size and gross margin).

legal and general assurance (pensions management) limited Estimated Valuation

£5.8b

Pomanda estimates the enterprise value of LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED at £5.8b based on an EBITDA of £344.3m and a 16.89x industry multiple (adjusted for size and gross margin).

legal and general assurance (pensions management) limited Estimated Valuation

£538.3m

Pomanda estimates the enterprise value of LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED at £538.3m based on Net Assets of £323.3m and 1.67x industry multiple (adjusted for liquidity).

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Legal And General Assurance (pensions Management) Limited Overview

Legal And General Assurance (pensions Management) Limited is a live company located in london, EC2R 5AA with a Companies House number of 01006112. It operates in the life insurance sector, SIC Code 65110. Founded in March 1971, it's largest shareholder is legal & general investment management (holdings) ltd with a 100% stake. Legal And General Assurance (pensions Management) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £27.7b with declining growth in recent years.

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Legal And General Assurance (pensions Management) Limited Health Check

Pomanda's financial health check has awarded Legal And General Assurance (Pensions Management) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £27.7b, make it larger than the average company (£1.2m)

£27.7b - Legal And General Assurance (pensions Management) Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (8.3%)

-5% - Legal And General Assurance (pensions Management) Limited

8.3% - Industry AVG

production

Production

with a gross margin of 81.6%, this company has a comparable cost of product (81.6%)

81.6% - Legal And General Assurance (pensions Management) Limited

81.6% - Industry AVG

profitability

Profitability

an operating margin of 1.2% make it less profitable than the average company (7.5%)

1.2% - Legal And General Assurance (pensions Management) Limited

7.5% - Industry AVG

employees

Employees

with 219618 employees, this is above the industry average (28)

219618 - Legal And General Assurance (pensions Management) Limited

28 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Legal And General Assurance (pensions Management) Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £125.9k, this is equally as efficient (£125.9k)

£125.9k - Legal And General Assurance (pensions Management) Limited

£125.9k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Legal And General Assurance (pensions Management) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Legal And General Assurance (pensions Management) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Legal And General Assurance (pensions Management) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (9 weeks)

2 weeks - Legal And General Assurance (pensions Management) Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.9%, this is a similar level of debt than the average (94.2%)

99.9% - Legal And General Assurance (pensions Management) Limited

94.2% - Industry AVG

LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED financials

EXPORTms excel logo

Legal And General Assurance (Pensions Management) Limited's latest turnover from December 2023 is £27.7 billion and the company has net assets of £323.3 million. According to their latest financial statements, we estimate that Legal And General Assurance (Pensions Management) Limited has 219,618 employees and maintains cash reserves of £2.3 billion 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
Turnover27,656,100,000-78,732,000,00034,977,400,00032,167,400,00046,585,100,000-10,352,900,00029,514,000,00055,474,000,0004,671,800,00031,270,500,00026,993,800,00020,884,100,0009,611,100,00024,913,900,0000
Other Income Or Grants000000000000000
Cost Of Sales5,096,285,348-12,512,596,0026,647,419,7539,801,420,03317,700,843,038-3,873,384,0847,630,307,5458,872,474,781732,131,5904,534,141,3694,083,506,0183,285,327,3922,054,137,0576,487,286,6350
Gross Profit22,559,814,652-66,219,403,99828,329,980,24722,365,979,96728,884,256,962-6,479,515,91621,883,692,45546,601,525,2193,939,668,41026,736,358,63122,910,293,98217,598,772,6087,556,962,94318,426,613,3650
Admin Expenses22,215,544,819-66,520,223,08828,046,204,33522,070,960,04128,624,796,393-6,741,713,01821,610,600,35946,349,771,2193,717,070,66026,447,747,46622,664,286,53417,411,116,1877,380,713,37518,276,414,532-121,711,722
Operating Profit344,269,833300,819,090283,775,912295,019,926259,460,569262,197,102273,092,096251,754,000222,597,750288,611,165246,007,448187,656,421176,249,568150,198,833121,711,722
Interest Payable4,600,0006,400,0000004,100,0003,200,0001,700,000700,0001,100,000400,000300,000400,000400,0001,124,500
Interest Receivable000000000000014,294,7507,885,000
Pre-Tax Profit287,600,000270,600,000376,200,000265,200,000305,200,000271,400,000298,400,000284,700,000244,200,000270,900,000182,300,000275,300,000254,900,000231,700,000128,500,000
Tax-118,300,000-71,200,000-143,700,000-25,500,000-82,900,000-51,200,000-72,400,000-79,900,000-59,200,000-73,200,000-22,100,000-125,300,000-116,100,000-114,100,000-36,000,000
Profit After Tax169,300,000199,400,000232,500,000239,700,000222,300,000220,200,000226,000,000204,800,000185,000,000197,700,000160,200,000150,000,000138,800,000117,600,00092,500,000
Dividends Paid178,000,000188,000,000186,000,000194,000,000199,000,000186,700,000150,000,000100,000,000140,000,000156,000,000160,800,000148,500,000132,800,000104,000,00076,000,000
Retained Profit-8,700,00011,400,00046,500,00045,700,00023,300,00033,500,00076,000,000104,800,00045,000,00041,700,000-600,0001,500,0006,000,00013,600,00016,500,000
Employee Costs00000-4,440,038,00012,372,638,60724,885,828,5622,089,768,62513,494,964,05512,651,365,8439,479,470,99001,696,900,0000
Number Of Employees219,618-634,893282,198272,153416,192-85,633244,273519,73643,458270,303269,777207,27592,575276,5450
EBITDA*344,269,833300,819,090283,775,912295,019,926259,460,569262,197,102273,092,096251,754,000222,597,750288,611,165246,007,448187,656,421176,249,568150,198,833121,711,722

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets314,860,100,000285,412,100,000370,731,500,000346,928,900,000323,413,800,000293,362,300,000311,936,900,000297,419,300,000254,747,200,000258,553,600,000247,394,900,000236,989,400,000224,170,100,000831,900,000205,274,600,000
Intangible Assets000000000000000
Investments & Other313,176,500,000283,846,500,000370,657,700,000346,928,900,000323,413,800,000293,362,300,000311,936,900,000297,419,300,000254,747,200,000258,553,600,000247,394,900,000236,989,400,000224,170,100,00000
Debtors (Due After 1 year)805,400,000746,200,0000000000000000
Total Fixed Assets314,055,000,000284,666,800,000370,731,500,000346,928,900,000323,413,800,000293,362,300,000311,936,900,000297,419,300,000254,747,200,000258,553,600,000247,394,900,000236,989,400,000224,170,100,000831,900,000205,274,600,000
Stock & work in progress000000000000000
Trade Debtors00289,500,000295,500,0002,200,000000000006,800,0001,600,000
Group Debtors001,100,0001,000,00011,200,00000000400,000800,0001,300,00000
Misc Debtors001,331,900,0001,322,200,0001,257,700,0002,036,400,0001,453,600,0001,304,200,0001,781,400,000739,700,000841,100,000437,400,000801,200,00000
Cash2,311,900,0001,557,000,0001,524,400,0002,252,000,0002,396,500,0002,435,300,0001,690,900,0001,887,500,0001,769,300,0001,817,700,0001,917,900,0001,933,200,0001,982,800,0002,563,900,0003,154,000,000
misc current assets1,604,900,0002,010,200,0000071,000,000379,900,000364,700,000228,800,000159,900,000152,800,000214,100,00062,700,00046,200,000223,615,800,00051,100,000
total current assets3,916,800,0003,567,200,0003,766,400,0004,442,900,0004,187,300,0004,851,600,0003,509,200,0003,420,500,0003,710,600,0002,710,200,0002,973,500,0002,434,100,0002,831,500,000226,911,100,0003,495,100,000
total assets317,971,800,000288,234,000,000374,497,900,000351,371,800,000327,601,100,000298,213,900,000315,446,100,000300,839,800,000258,457,800,000261,263,800,000250,368,400,000239,423,500,000227,001,600,000227,743,000,000208,769,700,000
Bank overdraft000000004,200,0005,500,0000001,100,0000
Bank loan000000000000000
Trade Creditors 00000000000006,800,0000
Group/Directors Accounts000000000000000
other short term finances1,635,700,0002,278,100,0007,600,00039,100,0007,400,00085,500,00086,900,0006,200,000001,462,100,0002,000,000400,000034,600,000
hp & lease commitments000000000000000
other current liabilities47,449,900,00043,816,700,00059,751,700,00060,972,600,00059,646,300,00050,710,200,00051,876,700,0006,076,400,0005,240,700,0004,351,800,000893,600,0003,212,400,0002,912,700,00000
total current liabilities49,085,600,00046,094,800,00059,759,300,00061,011,700,00059,653,700,00050,795,700,00051,963,600,0006,082,600,0005,244,900,0004,357,300,0002,355,700,0003,214,400,0002,913,100,000227,474,100,000120,000,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities268,562,900,000241,768,600,000314,360,600,000289,983,800,000267,587,500,000247,038,300,000263,095,500,000294,401,100,000252,926,900,000256,628,200,000247,736,900,000235,932,700,000223,813,600,00000
provisions000000000000000
total long term liabilities268,562,900,000241,768,600,000314,360,600,000289,983,800,000267,587,500,000247,038,300,000263,095,500,000294,401,100,000252,926,900,000256,628,200,000247,736,900,000235,932,700,000223,813,600,0000208,394,400,000
total liabilities317,648,500,000287,863,400,000374,119,900,000350,995,500,000327,241,200,000297,834,000,000315,059,100,000300,483,700,000258,171,800,000260,985,500,000250,092,600,000239,147,100,000226,726,700,000227,474,100,000208,514,400,000
net assets323,300,000370,600,000378,000,000376,300,000359,900,000379,900,000387,000,000356,100,000286,000,000278,300,000275,800,000276,400,000274,900,000268,900,000255,300,000
total shareholders funds323,300,000370,600,000378,000,000376,300,000359,900,000379,900,000387,000,000356,100,000286,000,000278,300,000275,800,000276,400,000274,900,000268,900,000255,300,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit344,269,833300,819,090283,775,912295,019,926259,460,569262,197,102273,092,096251,754,000222,597,750288,611,165246,007,448187,656,421176,249,568150,198,833121,711,722
Depreciation000000000000000
Amortisation000000000000000
Tax-118,300,000-71,200,000-143,700,000-25,500,000-82,900,000-51,200,000-72,400,000-79,900,000-59,200,000-73,200,000-22,100,000-125,300,000-116,100,000-114,100,000-36,000,000
Stock000000000000000
Debtors59,200,000-876,300,0003,800,000347,600,000-765,300,000582,800,000149,400,000-477,200,0001,041,700,000-101,800,000403,300,000-364,300,000795,700,0005,200,0001,600,000
Creditors000000000000-6,800,0006,800,0000
Accruals and Deferred Income3,633,200,000-15,935,000,000-1,220,900,0001,326,300,0008,936,100,000-1,166,500,00045,800,300,000835,700,000888,900,0003,458,200,000-2,318,800,000299,700,0002,912,700,00000
Deferred Taxes & Provisions000000000000000
Cash flow from operations3,799,969,833-14,829,080,910-1,084,624,0881,248,219,9269,877,960,569-1,538,302,89845,851,592,0961,484,754,00010,597,7503,775,411,165-2,498,192,552726,356,4212,170,349,56837,698,83384,111,722
Investing Activities
capital expenditure-29,448,000,00085,319,400,000-23,802,600,000-23,515,100,000-30,051,500,00018,574,600,000-14,517,600,000-42,672,100,0003,806,400,000-11,158,700,000-10,405,500,000-12,819,300,000-223,338,200,000204,442,700,000-205,274,600,000
Change in Investments29,330,000,000-86,811,200,00023,728,800,00023,515,100,00030,051,500,000-18,574,600,00014,517,600,00042,672,100,000-3,806,400,00011,158,700,00010,405,500,00012,819,300,000224,170,100,00000
cash flow from investments-58,778,000,000172,130,600,000-47,531,400,000-47,030,200,000-60,103,000,00037,149,200,000-29,035,200,000-85,344,200,0007,612,800,000-22,317,400,000-20,811,000,000-25,638,600,000-447,508,300,000204,442,700,000-205,274,600,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans -642,400,0002,270,500,000-31,500,00031,700,000-78,100,000-1,400,00080,700,0006,200,0000-1,462,100,0001,460,100,0001,600,000400,000-34,600,00034,600,000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities26,794,300,000-72,592,000,00024,376,800,00022,396,300,00020,549,200,000-16,057,200,000-31,305,600,00041,474,200,000-3,701,300,0008,891,300,00011,804,200,00012,119,100,000223,813,600,00000
share issue-38,600,000-18,800,000-44,800,000-29,300,000-43,300,000-40,600,000-45,100,000-34,700,000-37,300,000-39,200,0000000238,800,000
interest-4,600,000-6,400,000000-4,100,000-3,200,000-1,700,000-700,000-1,100,000-400,000-300,000-400,00013,894,7506,760,500
cash flow from financing26,108,700,000-70,346,700,00024,300,500,00022,398,700,00020,427,800,000-16,103,300,000-31,273,200,00041,444,000,000-3,739,300,0007,388,900,00013,263,900,00012,120,400,000223,813,600,000-20,705,250280,160,500
cash and cash equivalents
cash754,900,00032,600,000-727,600,000-144,500,000-38,800,000744,400,000-196,600,000118,200,000-48,400,000-100,200,000-15,300,000-49,600,000-581,100,000-590,100,0003,154,000,000
overdraft0000000-4,200,000-1,300,0005,500,00000-1,100,0001,100,0000
change in cash754,900,00032,600,000-727,600,000-144,500,000-38,800,000744,400,000-196,600,000122,400,000-47,100,000-105,700,000-15,300,000-49,600,000-580,000,000-591,200,0003,154,000,000

legal and general assurance (pensions management) 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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Legal And General Assurance (pensions Management) Limited Competitor Analysis

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Perform a competitor analysis for legal and general assurance (pensions management) 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 (pensions management) limited Ownership

LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED group structure

Legal And General Assurance (Pensions Management) Limited has 1 subsidiary company.

Ultimate parent company

2 parents

LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED

01006112

1 subsidiary

LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED Shareholders

legal & general investment management (holdings) ltd 100%

legal and general assurance (pensions management) limited directors

Legal And General Assurance (Pensions Management) Limited currently has 8 directors. The longest serving directors include Ms Sarah Aitken (Mar 2015) and Mr Michael Walsh (Jun 2016).

officercountryagestartendrole
Ms Sarah Aitken59 years Mar 2015- Director
Mr Michael Walsh46 years Jun 2016- Director
Mr Richard Lee48 years Jan 2019- Director
Mr Mark Johnson59 years Nov 2020- Director
Mr Christopher Jones68 years Nov 2021- Director
Mr Christopher Jones68 years Nov 2021- Director
Mr Melville Lewis64 years Apr 2022- Director
Ms Ruth Beechey52 years Jun 2024- Director

P&L

December 2023

turnover

27.7b

-135%

operating profit

344.3m

0%

gross margin

81.6%

-3.01%

turnover

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

Balance Sheet

December 2023

net assets

323.3m

-0.13%

total assets

318b

+0.1%

cash

2.3b

+0.48%

net assets

Total assets minus all liabilities

legal and general assurance (pensions management) limited company details

company number

01006112

Type

Private limited with Share Capital

industry

65110 - Life insurance

incorporation date

March 1971

age

53

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

-

Legal Advisor

-

legal and general assurance (pensions management) 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 4 charges/mortgages relating to legal and general assurance (pensions management) limited. Currently there are 2 open charges and 2 have been satisfied in the past.

charges

legal and general assurance (pensions management) limited Companies House Filings - See Documents

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