qbe underwriting limited Company Information
Company Number
01035198
Next Accounts
Sep 2025
Industry
Non-life insurance
Shareholders
qbe holdings (eo) ltd
Group Structure
View All
Contact
Registered Address
30 fenchurch street, london, EC3M 3BD
Website
www.qbeeurope.comqbe underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of QBE UNDERWRITING LIMITED at £19.4m based on a Turnover of £21m and 0.92x industry multiple (adjusted for size and gross margin).
qbe underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of QBE UNDERWRITING LIMITED at £177.4m based on an EBITDA of £14.4m and a 12.29x industry multiple (adjusted for size and gross margin).
qbe underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of QBE UNDERWRITING LIMITED at £29.8m based on Net Assets of £17.5m and 1.7x industry multiple (adjusted for liquidity).
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Qbe Underwriting Limited Overview
Qbe Underwriting Limited is a live company located in london, EC3M 3BD with a Companies House number of 01035198. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 1971, it's largest shareholder is qbe holdings (eo) ltd with a 100% stake. Qbe Underwriting Limited is a mature, large sized company, Pomanda has estimated its turnover at £21m with high growth in recent years.
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Qbe Underwriting Limited Health Check
Pomanda's financial health check has awarded Qbe Underwriting Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
1 Weak
Size
annual sales of £21m, make it larger than the average company (£2.1m)
£21m - Qbe Underwriting Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (8.7%)
28% - Qbe Underwriting Limited
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Qbe Underwriting Limited
100% - Industry AVG
Profitability
an operating margin of 68.7% make it more profitable than the average company (17.5%)
68.7% - Qbe Underwriting Limited
17.5% - Industry AVG
Employees
with 129 employees, this is above the industry average (26)
- Qbe Underwriting Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Qbe Underwriting Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £163k, this is equally as efficient (£163.5k)
- Qbe Underwriting Limited
£163.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Qbe Underwriting Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Qbe Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Qbe Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (18 weeks)
5 weeks - Qbe Underwriting Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.1%, this is a lower level of debt than the average (81.5%)
51.1% - Qbe Underwriting Limited
81.5% - Industry AVG
QBE UNDERWRITING LIMITED financials
Qbe Underwriting Limited's latest turnover from December 2023 is £21 million and the company has net assets of £17.5 million. According to their latest financial statements, we estimate that Qbe Underwriting Limited has 129 employees and maintains cash reserves of £2.1 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 | 21,030,000 | 6,906,000 | 10,397,000 | 10,070,000 | 5,729,000 | 14,416,000 | 13,539,000 | 10,044,000 | 12,830,000 | 15,559,000 | 12,152,000 | 27,946,000 | 42,098,000 | 45,955,000 | 76,658,000 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 138,000 | 15,474,000 | 22,035,000 | 30,472,000 | 52,468,000 | ||||||||||
Interest Payable | 0 | 0 | 0 | 33,000 | 0 | 0 | 0 | 0 | 8,000 | 25,000 | 34,000 | 249,000 | 32,000 | 0 | 0 |
Interest Receivable | 0 | 0 | 0 | 0 | 39,000 | 13,000 | 0 | 0 | 6,000 | 6,000 | 7,000 | 11,000 | 7,000 | 57,000 | |
Pre-Tax Profit | 14,349,000 | -392,000 | 1,740,000 | 2,038,000 | -1,598,000 | 7,922,000 | 5,698,000 | 4,093,000 | 5,182,000 | 6,617,000 | 111,000 | 15,236,000 | 22,010,000 | 30,529,000 | 52,546,000 |
Tax | -3,415,000 | 74,000 | -331,000 | -387,000 | 303,000 | -1,399,000 | -1,098,000 | -818,000 | -1,066,000 | -1,373,000 | -25,000 | -2,514,000 | -953,000 | -8,549,000 | -14,711,000 |
Profit After Tax | 10,934,000 | -318,000 | 1,409,000 | 1,651,000 | -1,295,000 | 6,523,000 | 4,600,000 | 3,275,000 | 4,116,000 | 5,244,000 | 86,000 | 12,722,000 | 21,057,000 | 21,980,000 | 37,835,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 8,000,000 | 6,000,000 | 1,900,000 | 3,200,000 | 0 | 12,722,000 | 21,057,000 | 22,416,000 | 40,000,000 | 50,000,000 |
Retained Profit | 10,934,000 | -318,000 | 1,409,000 | 1,651,000 | -1,295,000 | -1,477,000 | -1,400,000 | 1,375,000 | 916,000 | 5,244,000 | -12,636,000 | -8,335,000 | -1,359,000 | -18,020,000 | -12,165,000 |
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,716,000 | 5,316,000 | 5,741,000 | 9,033,000 | 10,256,000 | 9,399,000 | 10,451,000 | 19,954,000 |
Number Of Employees | 4 | 4 | 4 | ||||||||||||
EBITDA* | 138,000 | 15,474,000 | 22,035,000 | 30,472,000 | 52,468,000 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,105,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 203,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 0 |
Debtors (Due After 1 year) | 18,910,000 | 14,145,000 | 9,437,000 | 8,170,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 432,000 | 332,000 | 2,088,000 | 0 |
Total Fixed Assets | 19,113,000 | 14,530,000 | 9,822,000 | 8,555,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 385,000 | 817,000 | 717,000 | 2,473,000 | 2,105,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900,000 | 0 |
Group Debtors | 0 | 0 | 89,000 | 438,000 | 227,000 | 492,000 | 845,000 | 5,998,000 | 906,000 | 282,000 | 457,000 | 87,000 | 30,000 | 0 | 0 |
Misc Debtors | 14,593,000 | 631,000 | 7,251,000 | 0 | 7,533,000 | 16,126,000 | 12,100,000 | 10,888,000 | 13,779,000 | 13,438,000 | 11,019,000 | 26,831,000 | 41,679,000 | 43,619,000 | 0 |
Cash | 2,110,000 | 3,019,000 | 1,009,000 | 439,000 | 286,000 | 799,000 | 3,403,000 | 1,544,000 | 2,789,000 | 364,000 | 224,000 | 2,253,000 | 128,000 | 1,667,000 | 3,713,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 16,703,000 | 3,650,000 | 8,349,000 | 877,000 | 8,046,000 | 17,417,000 | 16,348,000 | 18,430,000 | 17,474,000 | 14,084,000 | 11,700,000 | 29,171,000 | 41,837,000 | 46,186,000 | 82,409,000 |
total assets | 35,816,000 | 18,180,000 | 18,171,000 | 9,432,000 | 8,431,000 | 17,802,000 | 16,733,000 | 18,815,000 | 17,859,000 | 14,469,000 | 12,085,000 | 29,988,000 | 42,554,000 | 48,659,000 | 84,514,000 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 14,866,000 | 11,583,000 | 10,795,000 | 3,539,000 | 4,578,000 | 11,227,000 | 9,013,000 | 9,963,000 | 10,153,000 | 7,251,000 | 11,588,000 | 13,146,000 | 15,264,000 | 17,293,000 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,419,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 3,425,000 | 6,000 | 467,000 | 393,000 | 4,000 | 1,431,000 | 1,099,000 | 831,000 | 1,060,000 | 1,488,000 | 11,000 | 3,720,000 | 5,833,000 | 8,550,000 | 0 |
total current liabilities | 18,291,000 | 11,589,000 | 11,262,000 | 3,932,000 | 4,582,000 | 12,658,000 | 10,112,000 | 10,794,000 | 11,213,000 | 8,739,000 | 11,599,000 | 16,866,000 | 21,097,000 | 25,843,000 | 43,678,000 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 18,291,000 | 11,589,000 | 11,262,000 | 3,932,000 | 4,582,000 | 12,658,000 | 10,112,000 | 10,794,000 | 11,213,000 | 8,739,000 | 11,599,000 | 16,866,000 | 21,097,000 | 25,843,000 | 43,678,000 |
net assets | 17,525,000 | 6,591,000 | 6,909,000 | 5,500,000 | 3,849,000 | 5,144,000 | 6,621,000 | 8,021,000 | 6,646,000 | 5,730,000 | 486,000 | 13,122,000 | 21,457,000 | 22,816,000 | 40,836,000 |
total shareholders funds | 17,525,000 | 6,591,000 | 6,909,000 | 5,500,000 | 3,849,000 | 5,144,000 | 6,621,000 | 8,021,000 | 6,646,000 | 5,730,000 | 486,000 | 13,122,000 | 21,457,000 | 22,816,000 | 40,836,000 |
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 | 138,000 | 15,474,000 | 22,035,000 | 30,472,000 | 52,468,000 | ||||||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -3,415,000 | 74,000 | -331,000 | -387,000 | 303,000 | -1,399,000 | -1,098,000 | -818,000 | -1,066,000 | -1,373,000 | -25,000 | -2,514,000 | -953,000 | -8,549,000 | -14,711,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 18,727,000 | -2,001,000 | 8,169,000 | 848,000 | -8,858,000 | 3,673,000 | -3,941,000 | 2,201,000 | 965,000 | 2,244,000 | -15,874,000 | -14,691,000 | -4,566,000 | 46,607,000 | 0 |
Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 3,419,000 | -461,000 | 74,000 | 389,000 | -1,427,000 | 332,000 | 268,000 | -229,000 | -428,000 | 1,477,000 | -3,709,000 | -2,113,000 | -2,717,000 | 8,550,000 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 12,278,000 | 25,538,000 | 22,931,000 | -16,134,000 | |||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | -182,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 385,000 | 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 | 3,283,000 | 788,000 | 7,256,000 | -1,039,000 | -6,649,000 | 2,214,000 | -950,000 | -190,000 | 2,902,000 | -4,337,000 | -1,558,000 | -2,118,000 | -2,029,000 | 17,293,000 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,419,000 | 29,419,000 |
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 | 0 | 0 | 0 | -33,000 | 39,000 | 13,000 | 0 | 0 | -2,000 | -19,000 | -27,000 | -238,000 | -25,000 | 57,000 | |
cash flow from financing | 3,283,000 | 788,000 | 7,256,000 | -1,072,000 | -6,610,000 | 2,227,000 | -950,000 | -190,000 | 2,900,000 | -4,356,000 | -1,585,000 | -2,356,000 | -2,054,000 | -12,069,000 | |
cash and cash equivalents | |||||||||||||||
cash | -909,000 | 2,010,000 | 570,000 | 153,000 | -513,000 | -2,604,000 | 1,859,000 | -1,245,000 | 2,425,000 | 140,000 | -2,029,000 | 2,125,000 | -1,539,000 | -2,046,000 | 3,713,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -909,000 | 2,010,000 | 570,000 | 153,000 | -513,000 | -2,604,000 | 1,859,000 | -1,245,000 | 2,425,000 | 140,000 | -2,029,000 | 2,125,000 | -1,539,000 | -2,046,000 | 3,713,000 |
qbe underwriting limited Credit Report and Business Information
Qbe Underwriting Limited Competitor Analysis
Perform a competitor analysis for qbe underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3M area or any other competitors across 12 key performance metrics.
qbe underwriting limited Ownership
QBE UNDERWRITING LIMITED group structure
Qbe Underwriting Limited has 2 subsidiary companies.
Ultimate parent company
QBE INSURANCE GROUP LTD
#0000937
2 parents
QBE UNDERWRITING LIMITED
01035198
2 subsidiaries
qbe underwriting limited directors
Qbe Underwriting Limited currently has 9 directors. The longest serving directors include Mr Nigel Terry (Dec 2016) and Mrs Catherine Brown (May 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Nigel Terry | Belgium | 54 years | Dec 2016 | - | Director |
Mrs Catherine Brown | England | 58 years | May 2019 | - | Director |
Mr Jason Harris | Belgium | 57 years | Dec 2020 | - | Director |
Mr Christopher Killourhy | Belgium | 47 years | Feb 2021 | - | Director |
Ms Cecile Fresneau | England | 52 years | Nov 2021 | - | Director |
Mr Steven Maddock | United Kingdom | 56 years | Feb 2022 | - | Director |
Mr Robert Stone | Belgium | 49 years | Dec 2022 | - | Director |
Sir Norman Skeoch | 68 years | Mar 2023 | - | Director | |
Mr Timothy Wade | Belgium | 65 years | Mar 2024 | - | Director |
P&L
December 2023turnover
21m
+205%
operating profit
14.4m
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
17.5m
+1.66%
total assets
35.8m
+0.97%
cash
2.1m
-0.3%
net assets
Total assets minus all liabilities
qbe underwriting limited company details
company number
01035198
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
December 1971
age
53
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
limit underwriting limited (December 2007)
janson green limited (October 1999)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
30 fenchurch street, london, EC3M 3BD
Bank
-
Legal Advisor
-
qbe underwriting 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 2 charges/mortgages relating to qbe underwriting limited. Currently there are 0 open charges and 2 have been satisfied in the past.
qbe underwriting 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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qbe underwriting limited Companies House Filings - See Documents
date | description | view/download |
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