renaissancere syndicate management limited
renaissancere syndicate management limited Company Information
Company Number
01120384
Next Accounts
Sep 2025
Industry
Non-life reinsurance
Non-life insurance
Shareholders
renaissancere european holdings limited
Group Structure
View All
Contact
Registered Address
18th floor, 125, old broad street, london, EC2N 1AR
Website
http://renre.comrenaissancere syndicate management limited Estimated Valuation
Pomanda estimates the enterprise value of RENAISSANCERE SYNDICATE MANAGEMENT LIMITED at £4.7m based on a Turnover of £6.6m and 0.71x industry multiple (adjusted for size and gross margin).
renaissancere syndicate management limited Estimated Valuation
Pomanda estimates the enterprise value of RENAISSANCERE SYNDICATE MANAGEMENT LIMITED at £15.4m based on an EBITDA of £1.7m and a 8.79x industry multiple (adjusted for size and gross margin).
renaissancere syndicate management limited Estimated Valuation
Pomanda estimates the enterprise value of RENAISSANCERE SYNDICATE MANAGEMENT LIMITED at £20.1m based on Net Assets of £12.1m and 1.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Renaissancere Syndicate Management Limited Overview
Renaissancere Syndicate Management Limited is a live company located in london, EC2N 1AR with a Companies House number of 01120384. It operates in the non-life insurance sector, SIC Code 65120. Founded in June 1973, it's largest shareholder is renaissancere european holdings limited with a 100% stake. Renaissancere Syndicate Management Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Renaissancere Syndicate Management Limited Health Check
Pomanda's financial health check has awarded Renaissancere Syndicate Management Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
0 Weak
Size
annual sales of £6.6m, make it larger than the average company (£1.7m)
£6.6m - Renaissancere Syndicate Management Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.8%)
23% - Renaissancere Syndicate Management Limited
7.8% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Renaissancere Syndicate Management Limited
100% - Industry AVG
Profitability
an operating margin of 26.3% make it more profitable than the average company (16.8%)
26.3% - Renaissancere Syndicate Management Limited
16.8% - Industry AVG
Employees
with 36 employees, this is above the industry average (18)
- Renaissancere Syndicate Management Limited
18 - Industry AVG
Pay Structure
on an average salary of £82.2k, the company has an equivalent pay structure (£96.7k)
- Renaissancere Syndicate Management Limited
£96.7k - Industry AVG
Efficiency
resulting in sales per employee of £184.7k, this is equally as efficient (£190.2k)
- Renaissancere Syndicate Management Limited
£190.2k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is earlier than average (170 days)
83 days - Renaissancere Syndicate Management Limited
170 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Renaissancere Syndicate Management Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Renaissancere Syndicate Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 239 weeks, this is more cash available to meet short term requirements (20 weeks)
239 weeks - Renaissancere Syndicate Management Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.9%, this is a lower level of debt than the average (80.3%)
16.9% - Renaissancere Syndicate Management Limited
80.3% - Industry AVG
RENAISSANCERE SYNDICATE MANAGEMENT LIMITED financials
Renaissancere Syndicate Management Limited's latest turnover from December 2023 is £6.6 million and the company has net assets of £12.1 million. According to their latest financial statements, we estimate that Renaissancere Syndicate Management Limited has 36 employees and maintains cash reserves of £11.3 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 | 6,648,651 | 7,712,772 | 6,644,994 | 3,608,390 | 4,228,305 | 35,357,809 | 29,271,208 | 23,391,553 | 21,119,498 | 18,928,637 | 18,483,629 | 17,396,189 | 14,524,680 | 15,754,277 | 9,520,793 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 1,748,245 | 2,631,652 | 3,390,870 | -461,400 | -565,195 | -89,212 | -1,331,722 | -1,902,232 | -1,754,183 | -3,807,125 | -2,014,877 | -1,612,082 | -1,974,639 | 778,312 | |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 338,910 | 77,352 | 49 | 0 | 0 | 11 | 2,031 | 470 | 6 | 112 | 234 | 3,422 | 14,975 | 1,588 | 12,657 |
| Pre-Tax Profit | 2,087,155 | 2,709,004 | 3,390,919 | -461,400 | 353,083 | -565,184 | -87,181 | -1,331,252 | -1,902,226 | -1,754,071 | -3,806,891 | -2,011,455 | -1,597,107 | -1,973,051 | 790,969 |
| Tax | -490,899 | -514,711 | -516,954 | 211,545 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,702 | -13,457 | -15,261 | -219,363 |
| Profit After Tax | 1,596,256 | 2,194,293 | 2,873,965 | -249,855 | 353,083 | -565,184 | -87,181 | -1,331,252 | -1,902,226 | -1,754,071 | -3,806,891 | -2,004,753 | -1,610,564 | -1,988,312 | 571,606 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 |
| Retained Profit | 1,596,256 | 2,194,293 | 2,873,965 | -249,855 | 353,083 | -565,184 | -87,181 | -1,331,252 | -1,902,226 | -1,754,071 | -3,806,891 | -2,004,753 | -1,610,564 | -1,988,312 | 271,606 |
| Employee Costs | 2,959,549 | 2,914,147 | 1,896,888 | 1,597,888 | 1,625,868 | 26,140,428 | 20,496,229 | 16,319,349 | 14,877,191 | 13,160,474 | 14,634,512 | 13,245,438 | 11,850,094 | 10,743,567 | 5,559,412 |
| Number Of Employees | 107 | 96 | 86 | 83 | 76 | 67 | 65 | 57 | 51 | 42 | |||||
| EBITDA* | 1,748,245 | 2,631,652 | 3,390,870 | -461,400 | -480,694 | -9,377 | -1,140,381 | -1,721,935 | -1,350,946 | -3,403,888 | -1,466,347 | -1,063,552 | -1,534,023 | 778,312 |
* 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 | 68,001 | 152,502 | 232,337 | 383,674 | 214,471 | 617,709 | 1,020,946 | 1,577,960 | 1,490,064 | 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 | 309,105 | 0 | 0 | 169,184 | 241,610 | 231,124 | 150,455 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 309,105 | 0 | 68,001 | 321,686 | 473,947 | 614,798 | 364,926 | 617,709 | 1,020,946 | 1,577,960 | 1,490,064 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,524,957 | 4,897,897 | 2,003,354 | 0 | 0 | 234,741 | 219,217 | 89,307 | 148,615 | 138,730 | 112,748 | 178,878 | 121,865 | 174,131 | 853,955 |
| Group Debtors | 1,560,205 | 1,204,557 | 1,939,958 | 3,562,713 | 3,590,080 | 12,246,924 | 7,819,377 | 4,876,489 | 10,399,215 | 3,641,827 | 9,679,493 | 8,585,640 | 5,081,663 | 3,596,871 | 619,285 |
| Misc Debtors | 150,325 | 150,325 | 150,326 | 186,109 | 825,281 | 33,147 | 247,377 | 1,158,865 | 23,995 | 31,417 | 35,814 | 571,627 | 151,457 | 68,436 | 0 |
| Cash | 11,262,856 | 6,872,239 | 4,813,932 | 2,056,930 | 1,298,556 | 4,940,563 | 3,672,403 | 5,104,908 | 3,738,293 | 664,547 | 1,536,060 | 4,998,427 | 3,829,184 | 8,775,937 | 2,027,322 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 190,939 | 559,920 | 2,877,941 | 622,881 | 11,398,219 | 533,240 | 0 | 0 | 0 | 20,615 |
| total current assets | 14,498,343 | 13,125,018 | 8,907,570 | 5,805,752 | 5,713,917 | 17,646,314 | 12,518,294 | 14,107,510 | 14,932,999 | 15,874,740 | 11,897,355 | 14,334,572 | 9,184,169 | 12,615,375 | 3,521,177 |
| total assets | 14,498,343 | 13,125,018 | 8,907,570 | 6,114,857 | 5,713,917 | 17,714,315 | 12,839,980 | 14,581,457 | 15,547,797 | 16,239,666 | 12,515,064 | 15,355,518 | 10,762,129 | 14,105,439 | 3,521,177 |
| 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 | 40,198 | 92,498 | 29,646 | 114,153 | 22,411 | 302,931 | 110,510 | 290,605 | 436,718 | 65,298 |
| Group/Directors Accounts | 1,414,849 | 1,632,453 | 128,570 | 726,776 | 75,981 | 2,782,687 | 698,813 | 1,624,837 | 3,876,920 | 7,120,454 | 1,604,854 | 2,529,307 | 915,716 | 3,288,099 | 668,859 |
| other short term finances | 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 |
| other current liabilities | 1,030,899 | 1,036,226 | 516,954 | 0 | 0 | 9,606,577 | 5,198,632 | 5,989,756 | 6,288,254 | 5,626,105 | 245,700 | 5,684,043 | 4,519,397 | 4,316,980 | 1,351,733 |
| total current liabilities | 2,445,748 | 2,668,679 | 645,524 | 726,776 | 75,981 | 12,429,462 | 5,989,943 | 7,644,239 | 10,279,327 | 12,768,970 | 2,153,485 | 8,323,860 | 5,725,718 | 8,041,797 | 2,085,890 |
| 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 | 7,136,812 | 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 | 1,000,000 | 1,000,000 | 1,000,000 | 700,000 | 700,000 | 700,000 | 700,000 | 116,667 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 700,000 | 7,836,812 | 700,000 | 700,000 | 116,667 | 0 |
| total liabilities | 2,445,748 | 2,668,679 | 645,524 | 726,776 | 75,981 | 12,429,462 | 6,989,943 | 8,644,239 | 11,279,327 | 13,468,970 | 9,990,297 | 9,023,860 | 6,425,718 | 8,158,464 | 2,085,890 |
| net assets | 12,052,595 | 10,456,339 | 8,262,046 | 5,388,081 | 5,637,936 | 5,284,853 | 5,850,037 | 5,937,218 | 4,268,470 | 2,770,696 | 2,524,767 | 6,331,658 | 4,336,411 | 5,946,975 | 1,435,287 |
| total shareholders funds | 12,052,595 | 10,456,339 | 8,262,046 | 5,388,081 | 5,637,936 | 5,284,853 | 5,850,037 | 5,937,218 | 4,268,470 | 2,770,696 | 2,524,767 | 6,331,658 | 4,336,411 | 5,946,975 | 1,435,287 |
| 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 | 1,748,245 | 2,631,652 | 3,390,870 | -461,400 | -565,195 | -89,212 | -1,331,722 | -1,902,232 | -1,754,183 | -3,807,125 | -2,014,877 | -1,612,082 | -1,974,639 | 778,312 | |
| Depreciation | 0 | 0 | 0 | 0 | 78,915 | 84,501 | 79,835 | 191,341 | 180,297 | 403,237 | 403,237 | 548,530 | 548,530 | 440,616 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -490,899 | -514,711 | -516,954 | 211,545 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,702 | -13,457 | -15,261 | -219,363 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,017,292 | 2,159,141 | 35,711 | -357,434 | -8,099,451 | 4,059,657 | 2,088,884 | -4,436,678 | 6,840,520 | -5,865,626 | 491,910 | 3,981,160 | 1,515,547 | 2,366,198 | 1,473,240 |
| Creditors | 0 | 0 | 0 | 0 | -40,198 | -52,300 | 62,852 | -84,507 | 91,742 | -280,520 | 192,421 | -180,095 | -146,113 | 371,420 | 65,298 |
| Accruals and Deferred Income | -5,327 | 519,272 | 516,954 | 0 | -9,606,577 | 4,407,945 | -791,124 | -298,498 | 662,149 | -1,756,407 | 1,698,469 | 1,164,646 | 202,417 | 2,965,247 | 1,351,733 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -1,000,000 | 0 | 0 | 300,000 | 0 | 0 | 0 | 583,333 | 116,667 | 0 |
| Cash flow from operations | 4,269,311 | 477,072 | 3,355,159 | 107,579 | -1,184,706 | -2,826,533 | 2,913,292 | -7,508,564 | 2,477,753 | -2,004,908 | -4,456,254 | -1,952,919 | -462,148 | 502,740 | |
| 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 | -217,604 | 1,503,883 | -598,206 | 650,795 | -2,706,706 | 2,083,874 | -926,024 | -2,252,083 | -3,243,534 | 5,515,600 | -924,453 | 1,613,591 | -2,372,383 | 2,619,240 | 668,859 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 338,910 | 77,352 | 49 | 0 | 0 | 11 | 2,031 | 470 | 6 | 112 | 234 | 3,422 | 14,975 | 1,588 | 12,657 |
| cash flow from financing | 121,306 | 1,581,235 | -598,157 | 650,795 | -2,706,706 | 2,083,885 | -923,993 | 748,387 | 156,472 | 7,515,712 | -924,219 | 5,617,013 | -2,357,408 | 9,120,828 | 1,845,197 |
| cash and cash equivalents | |||||||||||||||
| cash | 4,390,617 | 2,058,307 | 2,757,002 | 758,374 | -3,642,007 | 1,268,160 | -1,432,505 | 1,366,615 | 3,073,746 | -871,513 | -3,462,367 | 1,169,243 | -4,946,753 | 6,748,615 | 2,027,322 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,390,617 | 2,058,307 | 2,757,002 | 758,374 | -3,642,007 | 1,268,160 | -1,432,505 | 1,366,615 | 3,073,746 | -871,513 | -3,462,367 | 1,169,243 | -4,946,753 | 6,748,615 | 2,027,322 |
renaissancere syndicate management limited Credit Report and Business Information
Renaissancere Syndicate Management Limited Competitor Analysis
Perform a competitor analysis for renaissancere syndicate management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2N area or any other competitors across 12 key performance metrics.
renaissancere syndicate management limited Ownership
RENAISSANCERE SYNDICATE MANAGEMENT LIMITED group structure
Renaissancere Syndicate Management Limited has no subsidiary companies.
Ultimate parent company
RENAISSANCE RE HOLDINGS LTD
#0103593
2 parents
RENAISSANCERE SYNDICATE MANAGEMENT LIMITED
01120384
renaissancere syndicate management limited directors
Renaissancere Syndicate Management Limited currently has 13 directors. The longest serving directors include Mr Richard Murphy (Jul 2001) and Mr Jerome Breslin (May 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Murphy | 68 years | Jul 2001 | - | Director | |
| Mr Jerome Breslin | United States | 58 years | May 2008 | - | Director |
| Mr Hugh Brennan | United Kingdom | 47 years | Nov 2010 | - | Director |
| Dr Conor McMenamin | United Kingdom | 57 years | Nov 2011 | - | Director |
| Mr Divyesh Upadhyaya | England | 54 years | Feb 2016 | - | Director |
| Mr Edward Cruttenden | 55 years | Sep 2020 | - | Director | |
| Dr Helen Brown | 64 years | Apr 2021 | - | Director | |
| Mr Edward Mishambi | 45 years | May 2022 | - | Director | |
| Ms Helen Hatchek | 68 years | Mar 2023 | - | Director | |
| Ms Angela Smith | 67 years | Mar 2023 | - | Director |
P&L
December 2023turnover
6.6m
-14%
operating profit
1.7m
-34%
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
12.1m
+0.15%
total assets
14.5m
+0.1%
cash
11.3m
+0.64%
net assets
Total assets minus all liabilities
renaissancere syndicate management limited company details
company number
01120384
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
65120 - Non-life insurance
incorporation date
June 1973
age
52
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
spectrum syndicate management limited (November 2009)
a. r. mountain & son limited (March 2002)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
18th floor, 125, old broad street, london, EC2N 1AR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
renaissancere syndicate 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 2 charges/mortgages relating to renaissancere syndicate management limited. Currently there are 1 open charges and 1 have been satisfied in the past.
renaissancere syndicate management 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.
Click to start generating capital raising & share issue transactions for RENAISSANCERE SYNDICATE MANAGEMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
renaissancere syndicate management limited Companies House Filings - See Documents
| date | description | view/download |
|---|
