pinnacle insurance plc
pinnacle insurance plc Company Information
Company Number
01007798
Website
www.pinnacle.co.ukRegistered Address
pinnacle house, a1 barnet way, borehamwood, hertfordshire, WD6 2XX
Industry
Life insurance
Non-life insurance
Telephone
02082079250
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
pinnacle pet group limited 100%
pinnacle insurance plc Estimated Valuation
Pomanda estimates the enterprise value of PINNACLE INSURANCE PLC at £146.4m based on a Turnover of £124.9m and 1.17x industry multiple (adjusted for size and gross margin).
pinnacle insurance plc Estimated Valuation
Pomanda estimates the enterprise value of PINNACLE INSURANCE PLC at £0 based on an EBITDA of £-13.7m and a 18.96x industry multiple (adjusted for size and gross margin).
pinnacle insurance plc Estimated Valuation
Pomanda estimates the enterprise value of PINNACLE INSURANCE PLC at £203.2m based on Net Assets of £146.6m and 1.39x industry multiple (adjusted for liquidity).
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Pinnacle Insurance Plc Overview
Pinnacle Insurance Plc is a live company located in borehamwood, WD6 2XX with a Companies House number of 01007798. It operates in the life insurance sector, SIC Code 65110. Founded in April 1971, it's largest shareholder is pinnacle pet group limited with a 100% stake. Pinnacle Insurance Plc is a mature, mega sized company, Pomanda has estimated its turnover at £124.9m with high growth in recent years.
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Pinnacle Insurance Plc Health Check
Pomanda's financial health check has awarded Pinnacle Insurance Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £124.9m, make it larger than the average company (£1.7m)
£124.9m - Pinnacle Insurance Plc
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (6.9%)
27% - Pinnacle Insurance Plc
6.9% - Industry AVG
Production
with a gross margin of 90.5%, this company has a comparable cost of product (90.5%)
90.5% - Pinnacle Insurance Plc
90.5% - Industry AVG
Profitability
an operating margin of -10.9% make it less profitable than the average company (14.2%)
-10.9% - Pinnacle Insurance Plc
14.2% - Industry AVG
Employees
with 294 employees, this is above the industry average (32)
294 - Pinnacle Insurance Plc
32 - Industry AVG
Pay Structure
on an average salary of £72.4k, the company has a higher pay structure (£59.9k)
£72.4k - Pinnacle Insurance Plc
£59.9k - Industry AVG
Efficiency
resulting in sales per employee of £424.9k, this is more efficient (£136.8k)
£424.9k - Pinnacle Insurance Plc
£136.8k - Industry AVG
Debtor Days
it gets paid by customers after 240 days, this is near the average (241 days)
240 days - Pinnacle Insurance Plc
241 days - Industry AVG
Creditor Days
its suppliers are paid after 2232 days, this is slower than average (142 days)
2232 days - Pinnacle Insurance Plc
142 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pinnacle Insurance Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (13 weeks)
11 weeks - Pinnacle Insurance Plc
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.9%, this is a lower level of debt than the average (88.9%)
50.9% - Pinnacle Insurance Plc
88.9% - Industry AVG
pinnacle insurance plc Credit Report and Business Information
Pinnacle Insurance Plc Competitor Analysis
Perform a competitor analysis for pinnacle insurance plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pinnacle insurance plc Ownership
PINNACLE INSURANCE PLC group structure
Pinnacle Insurance Plc has no subsidiary companies.
Ultimate parent company
2 parents
PINNACLE INSURANCE PLC
01007798
pinnacle insurance plc directors
Pinnacle Insurance Plc currently has 9 directors. The longest serving directors include Mr Andrew Wigg (Mar 2013) and Mr Matthew Lorimer (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Wigg | United Kingdom | 51 years | Mar 2013 | - | Director |
| Mr Matthew Lorimer | United Kingdom | 56 years | Apr 2015 | - | Director |
| Mr Stanislas Chevalt | France | 62 years | Jan 2016 | - | Director |
| Mr Richard Hines | 64 years | Nov 2019 | - | Director | |
| Ms Sophie May | 51 years | Dec 2020 | - | Director | |
| Mr Craig Scarr | 62 years | May 2022 | - | Director | |
| Mr Dirk Beeckman | 48 years | Jun 2022 | - | Director | |
| Ms Carmen Iordache | 41 years | Jun 2022 | - | Director | |
| Mr Emmanuel De Talhouet | England | 63 years | Jun 2022 | - | Director |
PINNACLE INSURANCE PLC financials
Pinnacle Insurance Plc's latest turnover from December 2023 is £124.9 million and the company has net assets of £146.6 million. According to their latest financial statements, Pinnacle Insurance Plc has 294 employees and maintains cash reserves of £22.2 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 | 124,930,000 | 91,446,000 | 75,599,000 | 60,577,000 | 46,153,000 | 51,997,000 | 66,775,000 | 114,282,000 | 203,098,000 | 202,924,000 | 180,861,000 | 182,789,000 | 147,768,000 | 141,910,000 | 194,076,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -12,688,000 | -9,111,000 | -9,166,000 | -9,589,000 | 390,000 | 2,067,000 | 4,908,000 | -144,000 | -31,119,000 | -4,055,000 | 2,606,000 | 2,059,000 | 3,493,000 | -2,514,000 | -2,359,000 |
| Tax | 179,000 | 1,736,000 | 1,081,000 | 2,154,000 | 668,000 | -125,000 | -10,000 | -4,000 | -6,035,000 | -178,000 | -1,297,000 | 144,000 | -1,034,000 | 187,000 | 7,204,000 |
| Profit After Tax | -12,509,000 | -7,375,000 | -8,085,000 | -7,435,000 | 1,058,000 | 1,943,000 | 4,898,000 | -148,000 | -25,084,000 | -3,877,000 | 1,309,000 | 2,203,000 | 2,459,000 | -2,327,000 | 4,845,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 5,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,180,000 | 0 | 0 |
| Retained Profit | -12,509,000 | -7,375,000 | -6,239,000 | -7,435,000 | -4,742,000 | 1,943,000 | 4,898,000 | -148,000 | -25,084,000 | -3,877,000 | 1,309,000 | 2,203,000 | -32,721,000 | -2,327,000 | 4,845,000 |
| Employee Costs | 21,291,000 | 16,745,000 | 15,167,000 | 14,046,000 | 12,721,000 | 12,524,000 | 10,575,000 | 11,180,000 | 17,786,000 | 14,836,000 | 19,538,000 | 19,014,000 | 0 | ||
| Number Of Employees | 294 | 280 | 394 | 407 | 491 | ||||||||||
| 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 | 60,021,000 | 60,016,000 | 5,446,000 | 9,314,000 | 3,403,000 | 2,880,000 | 6,161,000 | 11,416,000 | 305,002,000 | 311,230,000 | 342,878,000 | 377,830,000 | 379,718,000 | 409,616,000 | 569,985,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,000 | 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 | 60,021,000 | 60,016,000 | 5,446,000 | 9,314,000 | 3,403,000 | 2,880,000 | 6,161,000 | 11,416,000 | 305,002,000 | 311,254,000 | 342,878,000 | 377,830,000 | 379,718,000 | 409,616,000 | 569,985,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 82,357,000 | 62,969,000 | 134,717,000 | 93,135,000 | 65,431,000 | 57,154,000 | 74,612,000 | 95,481,000 | 81,397,000 | 89,017,000 | 35,203,000 | 17,231,000 | 18,646,000 | 6,710,000 | 12,563,000 |
| 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 | 22,216,000 | 23,517,000 | 14,697,000 | 34,545,000 | 17,273,000 | 9,043,000 | 32,211,000 | 20,178,000 | 35,716,000 | 37,546,000 | 39,174,000 | 25,768,000 | 20,281,000 | 46,919,000 | 94,141,000 |
| misc current assets | 133,814,000 | 138,683,000 | 123,041,000 | 145,045,000 | 178,660,000 | 217,169,000 | 219,339,000 | 248,177,000 | 0 | 0 | 2,300,000 | 3,063,000 | 3,864,000 | 3,492,000 | 7,517,000 |
| total current assets | 238,806,000 | 225,322,000 | 272,455,000 | 272,725,000 | 261,364,000 | 283,366,000 | 326,162,000 | 363,836,000 | 117,113,000 | 126,563,000 | 85,413,000 | 51,128,000 | 48,811,000 | 66,007,000 | 123,515,000 |
| total assets | 298,827,000 | 285,338,000 | 277,901,000 | 282,039,000 | 264,767,000 | 286,246,000 | 332,323,000 | 375,252,000 | 422,115,000 | 437,817,000 | 428,291,000 | 428,958,000 | 428,529,000 | 475,623,000 | 693,500,000 |
| Bank overdraft | 0 | 0 | 0 | 12,925,000 | 15,020,000 | 24,293,000 | 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 | 72,892,000 | 55,477,000 | 121,259,000 | 120,255,000 | 86,024,000 | 93,616,000 | 130,520,000 | 175,225,000 | 209,247,000 | 204,567,000 | 52,432,000 | 45,965,000 | 57,643,000 | 61,592,000 | 60,598,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 637,000 | 866,000 | 758,000 | 1,778,000 | 4,970,000 |
| 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 | 97,266,000 | 73,443,000 | 136,092,000 | 133,180,000 | 101,044,000 | 117,909,000 | 173,809,000 | 221,633,000 | 268,348,000 | 258,966,000 | 57,234,000 | 50,602,000 | 63,147,000 | 68,185,000 | 70,876,000 |
| 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 | 54,944,000 | 52,769,000 | 308,000 | 1,119,000 | 8,548,000 | 8,420,000 | 0 | 0 | 0 | 0 | 190,099,000 | 198,707,000 | 187,936,000 | 232,451,000 | 445,310,000 |
| total liabilities | 152,210,000 | 126,212,000 | 136,400,000 | 134,299,000 | 109,592,000 | 126,329,000 | 173,809,000 | 221,633,000 | 268,348,000 | 258,966,000 | 247,333,000 | 249,309,000 | 251,083,000 | 300,636,000 | 516,186,000 |
| net assets | 146,617,000 | 159,126,000 | 141,501,000 | 147,740,000 | 155,175,000 | 159,917,000 | 158,514,000 | 153,619,000 | 153,767,000 | 178,851,000 | 180,958,000 | 179,649,000 | 177,446,000 | 174,987,000 | 177,314,000 |
| total shareholders funds | 146,617,000 | 159,126,000 | 141,501,000 | 147,740,000 | 155,175,000 | 159,917,000 | 158,514,000 | 153,619,000 | 153,767,000 | 178,851,000 | 180,958,000 | 179,649,000 | 177,446,000 | 174,987,000 | 177,314,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | |||||||||||||||
| Tax | 179,000 | 1,736,000 | 1,081,000 | 2,154,000 | 668,000 | -125,000 | -10,000 | -4,000 | -6,035,000 | -178,000 | -1,297,000 | 144,000 | -1,034,000 | 187,000 | 7,204,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 19,388,000 | -71,748,000 | 41,582,000 | 27,704,000 | 8,277,000 | -17,458,000 | -20,869,000 | 14,084,000 | -7,620,000 | 53,814,000 | 17,972,000 | -1,415,000 | 11,936,000 | -5,853,000 | 12,563,000 |
| Creditors | 17,415,000 | -65,782,000 | 1,004,000 | 34,231,000 | -7,592,000 | -36,904,000 | -44,705,000 | -34,022,000 | 4,680,000 | 152,135,000 | 6,467,000 | -11,678,000 | -3,949,000 | 994,000 | 60,598,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -637,000 | -229,000 | 108,000 | -1,020,000 | -3,192,000 | 4,970,000 |
| 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 | -1,301,000 | 8,820,000 | -19,848,000 | 17,272,000 | 8,230,000 | -23,168,000 | 12,033,000 | -15,538,000 | -1,830,000 | -1,628,000 | 13,406,000 | 5,487,000 | -26,638,000 | -47,222,000 | 94,141,000 |
| overdraft | 0 | 0 | -12,925,000 | -2,095,000 | -9,273,000 | 24,293,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,301,000 | 8,820,000 | -6,923,000 | 19,367,000 | 17,503,000 | -47,461,000 | 12,033,000 | -15,538,000 | -1,830,000 | -1,628,000 | 13,406,000 | 5,487,000 | -26,638,000 | -47,222,000 | 94,141,000 |
P&L
December 2023turnover
124.9m
+37%
operating profit
-13.7m
0%
gross margin
90.5%
+0.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
146.6m
-0.08%
total assets
298.8m
+0.05%
cash
22.2m
-0.06%
net assets
Total assets minus all liabilities
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pinnacle insurance plc company details
company number
01007798
Type
Public limited with Share Capital
industry
65110 - Life insurance
65120 - Non-life insurance
incorporation date
April 1971
age
53
accounts
Full Accounts
ultimate parent company
previous names
pinnacle insurance company plc (June 1993)
incorporated
UK
address
pinnacle house, a1 barnet way, borehamwood, hertfordshire, WD6 2XX
last accounts submitted
December 2023
pinnacle insurance plc 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 did not find charges/mortgages relating to pinnacle insurance plc.
pinnacle insurance plc Companies House Filings - See Documents
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