u k insurance limited
u k insurance limited Company Information
Company Number
01179980
Website
www.ukiltd.comRegistered Address
the wharf, neville street, leeds, LS1 4AZ
Industry
Non-life insurance
Telephone
01132553831
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
direct line insurance group plc 100%
u k insurance limited Estimated Valuation
Pomanda estimates the enterprise value of U K INSURANCE LIMITED at £3.6b based on a Turnover of £3b and 1.21x industry multiple (adjusted for size and gross margin).
u k insurance limited Estimated Valuation
Pomanda estimates the enterprise value of U K INSURANCE LIMITED at £0 based on an EBITDA of £-123.2m and a 17.22x industry multiple (adjusted for size and gross margin).
u k insurance limited Estimated Valuation
Pomanda estimates the enterprise value of U K INSURANCE LIMITED at £2.1b based on Net Assets of £1.5b and 1.39x industry multiple (adjusted for liquidity).
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U K Insurance Limited Overview
U K Insurance Limited is a live company located in leeds, LS1 4AZ with a Companies House number of 01179980. It operates in the non-life insurance sector, SIC Code 65120. Founded in August 1974, it's largest shareholder is direct line insurance group plc with a 100% stake. U K Insurance Limited is a mature, mega sized company, Pomanda has estimated its turnover at £3b with declining growth in recent years.
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U K Insurance Limited Health Check
Pomanda's financial health check has awarded U K Insurance Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £3b, make it larger than the average company (£1.9m)
£3b - U K Insurance Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.2%)
- U K Insurance Limited
4.2% - Industry AVG
Production
with a gross margin of 97%, this company has a comparable cost of product (97%)
97% - U K Insurance Limited
97% - Industry AVG
Profitability
an operating margin of -4.3% make it less profitable than the average company (17.8%)
-4.3% - U K Insurance Limited
17.8% - Industry AVG
Employees
with 19054 employees, this is above the industry average (32)
- U K Insurance Limited
32 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- U K Insurance Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £155.7k, this is equally as efficient (£155.7k)
- U K Insurance Limited
£155.7k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is earlier than average (236 days)
92 days - U K Insurance Limited
236 days - Industry AVG
Creditor Days
its suppliers are paid after 247 days, this is quicker than average (283 days)
247 days - U K Insurance Limited
283 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - U K Insurance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 86 weeks, this is more cash available to meet short term requirements (16 weeks)
86 weeks - U K Insurance Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.2%, this is a similar level of debt than the average (83.6%)
79.2% - U K Insurance Limited
83.6% - Industry AVG
u k insurance limited Credit Report and Business Information
U K Insurance Limited Competitor Analysis
Perform a competitor analysis for u k insurance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
u k insurance limited Ownership
U K INSURANCE LIMITED group structure
U K Insurance Limited has 3 subsidiary companies.
Ultimate parent company
1 parent
U K INSURANCE LIMITED
01179980
3 subsidiaries
u k insurance limited directors
U K Insurance Limited currently has 12 directors. The longest serving directors include Mr Richard Ward (Jan 2016) and Ms Danuta Gray (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Ward | England | 67 years | Jan 2016 | - | Director |
| Ms Danuta Gray | 65 years | Feb 2017 | - | Director | |
| Mr Mark Gregory | United Kingdom | 60 years | Mar 2018 | - | Director |
| Mr Gregor Stewart | England | 60 years | Mar 2018 | - | Director |
| Ms Fiona McBain | 63 years | Sep 2018 | - | Director | |
| Mr Adrian Joseph | 60 years | Jan 2021 | - | Director | |
| Mr Neil Manser | England | 49 years | May 2021 | - | Director |
| Ms Tracy Corrigan | 60 years | Nov 2021 | - | Director | |
| Mr Mark Lewis | England | 55 years | Mar 2023 | - | Director |
| Mr David Neave | 65 years | Oct 2023 | - | Director |
U K INSURANCE LIMITED financials
U K Insurance Limited's latest turnover from December 2022 is £3 billion and the company has net assets of £1.5 billion. According to their latest financial statements, we estimate that U K Insurance Limited has 19,054 employees and maintains cash reserves of £864.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 2,967,200,000 | 2,957,400,000 | 2,960,800,000 | 2,984,900,000 | 3,089,500,000 | 3,135,100,000 | 3,298,800,000 | 3,257,000,000 | 3,319,900,000 | 3,465,200,000 | 3,740,000,000 | 1,006,000,000 | 1,293,600,000 | 572,600,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 37,700,000 | 38,200,000 | 37,800,000 | 38,000,000 | 0 | 0 | 0 | 300,000 | ||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -137,800,000 | 334,700,000 | 386,900,000 | 369,500,000 | 422,900,000 | 504,300,000 | 287,400,000 | 463,600,000 | 422,100,000 | 340,100,000 | 188,900,000 | 7,600,000 | -10,400,000 | 46,700,000 |
| Tax | 26,300,000 | -79,900,000 | -73,400,000 | -70,200,000 | -80,200,000 | -96,300,000 | -56,600,000 | -93,100,000 | -86,400,000 | -79,100,000 | -60,800,000 | -1,600,000 | 2,500,000 | -12,500,000 |
| Profit After Tax | -111,500,000 | 254,800,000 | 313,500,000 | 299,300,000 | 342,700,000 | 408,000,000 | 230,800,000 | 370,500,000 | 335,700,000 | 261,000,000 | 128,100,000 | 6,000,000 | -7,900,000 | 34,200,000 |
| Dividends Paid | 90,000,000 | 408,000,000 | 320,000,000 | 98,000,000 | 405,000,000 | 87,000,000 | 725,000,000 | 460,000,000 | 429,000,000 | 163,000,000 | 1,505,000,000 | 0 | 0 | 0 |
| Retained Profit | -201,500,000 | -153,200,000 | -6,500,000 | 201,300,000 | -62,300,000 | 321,000,000 | -494,200,000 | -89,500,000 | -93,300,000 | 98,000,000 | -1,376,900,000 | 6,000,000 | -7,900,000 | 34,200,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 420,500,000 | 544,300,000 | |||||||
| Number Of Employees | ||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 5,486,000,000 | 6,402,500,000 | 6,454,200,000 | 6,542,200,000 | 6,600,000,000 | 6,783,100,000 | 323,400,000 | 341,400,000 | 510,400,000 | 442,200,000 | 381,400,000 | 319,800,000 | 53,000,000 | 72,300,000 |
| Intangible Assets | 3,100,000 | 2,400,000 | 2,500,000 | 4,900,000 | 400,000 | 4,700,000 | 0 | 300,000 | 700,000 | 1,000,000 | 1,300,000 | 1,600,000 | 1,900,000 | 2,200,000 |
| Investments & Other | 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 |
| Total Fixed Assets | 5,489,100,000 | 6,404,900,000 | 6,456,700,000 | 6,547,100,000 | 6,600,400,000 | 6,787,800,000 | 323,400,000 | 341,700,000 | 511,100,000 | 443,200,000 | 382,700,000 | 321,400,000 | 54,900,000 | 74,500,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 751,300,000 | 729,700,000 | 799,600,000 | 804,600,000 | 835,000,000 | 935,900,000 | 1,347,600,000 | 988,000,000 | 840,200,000 | 779,700,000 | 814,200,000 | 537,000,000 | 245,600,000 | 163,400,000 |
| Group Debtors | 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 |
| Cash | 864,900,000 | 723,200,000 | 925,000,000 | 798,700,000 | 869,400,000 | 1,122,400,000 | 980,100,000 | 903,800,000 | 764,600,000 | 705,800,000 | 1,038,500,000 | 1,094,700,000 | 450,300,000 | 423,700,000 |
| misc current assets | 38,800,000 | 50,100,000 | 57,900,000 | 57,600,000 | 54,100,000 | 72,600,000 | 5,023,700,000 | 5,620,700,000 | 5,986,100,000 | 6,692,200,000 | 7,033,600,000 | 9,943,500,000 | 2,291,900,000 | 2,232,800,000 |
| total current assets | 1,672,500,000 | 1,513,500,000 | 1,806,500,000 | 1,677,600,000 | 1,774,300,000 | 2,152,600,000 | 8,755,100,000 | 8,786,000,000 | 9,004,500,000 | 9,563,200,000 | 10,274,800,000 | 11,649,700,000 | 3,043,100,000 | 2,854,700,000 |
| total assets | 7,161,600,000 | 7,918,400,000 | 8,263,200,000 | 8,224,700,000 | 8,374,700,000 | 8,940,400,000 | 9,078,500,000 | 9,127,700,000 | 9,515,600,000 | 10,006,400,000 | 10,657,500,000 | 11,971,100,000 | 3,098,000,000 | 2,929,200,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 50,600,000 | 50,600,000 | 24,900,000 | 22,200,000 | 43,400,000 | 48,300,000 | 2,200,000 | 500,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 60,800,000 | 49,600,000 | 62,800,000 | 53,400,000 | 62,600,000 | 98,800,000 | 6,182,800,000 | 5,971,700,000 | 6,079,000,000 | 6,591,500,000 | 7,259,800,000 | 7,489,800,000 | 2,118,100,000 | 1,938,500,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 102,000,000 | 138,400,000 | 143,200,000 | 115,500,000 | 133,100,000 | 183,200,000 | 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 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 520,000,000 | 562,300,000 | 712,800,000 | 664,200,000 | 674,400,000 | 698,600,000 | 7,489,800,000 | 7,141,000,000 | 7,358,500,000 | 7,808,800,000 | 8,427,000,000 | 8,343,100,000 | 2,262,400,000 | 2,104,800,000 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,150,100,000 | 5,459,500,000 | 5,423,300,000 | 5,615,400,000 | 6,040,700,000 | 6,391,100,000 | 49,100,000 | 37,200,000 | 29,400,000 | 19,900,000 | 58,400,000 | 85,300,000 | 56,900,000 | 56,500,000 |
| total liabilities | 5,670,100,000 | 6,021,800,000 | 6,136,100,000 | 6,279,600,000 | 6,715,100,000 | 7,089,700,000 | 7,538,900,000 | 7,178,200,000 | 7,387,900,000 | 7,828,700,000 | 8,485,400,000 | 8,428,400,000 | 2,319,300,000 | 2,161,300,000 |
| net assets | 1,491,500,000 | 1,896,600,000 | 2,127,100,000 | 1,945,100,000 | 1,659,600,000 | 1,850,700,000 | 1,539,600,000 | 1,949,500,000 | 2,127,700,000 | 2,177,700,000 | 2,172,100,000 | 3,542,700,000 | 778,700,000 | 767,900,000 |
| total shareholders funds | 1,491,500,000 | 1,896,600,000 | 2,127,100,000 | 1,945,100,000 | 1,659,600,000 | 1,850,700,000 | 1,539,600,000 | 1,949,500,000 | 2,127,700,000 | 2,177,700,000 | 2,172,100,000 | 3,542,700,000 | 778,700,000 | 767,900,000 |
| 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 | 4,700,000 | 8,300,000 | 8,300,000 | 7,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 100,000 | 10,000 | 0 |
| Amortisation | ||||||||||||||
| Tax | 26,300,000 | -79,900,000 | -73,400,000 | -70,200,000 | -80,200,000 | -96,300,000 | -56,600,000 | -93,100,000 | -86,400,000 | -79,100,000 | -60,800,000 | -1,600,000 | 2,500,000 | -12,500,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 21,600,000 | -69,900,000 | -5,000,000 | -30,400,000 | -100,900,000 | -411,700,000 | 359,600,000 | 147,800,000 | 60,500,000 | -34,500,000 | 277,200,000 | 291,400,000 | 82,200,000 | 163,400,000 |
| Creditors | 11,200,000 | -13,200,000 | 9,400,000 | -9,200,000 | -36,200,000 | -6,084,000,000 | 211,100,000 | -107,300,000 | -512,500,000 | -668,300,000 | -230,000,000 | 5,371,700,000 | 179,600,000 | 1,938,500,000 |
| Accruals and Deferred Income | 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 |
| 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 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | -36,400,000 | -4,800,000 | 27,700,000 | -17,600,000 | -50,100,000 | 183,200,000 | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 141,700,000 | -201,800,000 | 126,300,000 | -70,700,000 | -253,000,000 | 142,300,000 | 76,300,000 | 139,200,000 | 58,800,000 | -332,700,000 | -56,200,000 | 644,400,000 | 26,600,000 | 423,700,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -50,600,000 | 0 | 25,700,000 | 2,700,000 | -21,200,000 | -4,900,000 | 46,100,000 | 1,700,000 | 500,000 |
| change in cash | 141,700,000 | -201,800,000 | 126,300,000 | -70,700,000 | -253,000,000 | 192,900,000 | 76,300,000 | 113,500,000 | 56,100,000 | -311,500,000 | -51,300,000 | 598,300,000 | 24,900,000 | 423,200,000 |
P&L
December 2022turnover
3b
0%
operating profit
-127.9m
0%
gross margin
97%
-0.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.5b
-0.21%
total assets
7.2b
-0.1%
cash
864.9m
+0.2%
net assets
Total assets minus all liabilities
u k insurance limited company details
company number
01179980
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
August 1974
age
50
accounts
Full Accounts
ultimate parent company
previous names
ultra keen insurance limited (December 1987)
ultra keen recovery insurance limited (December 1980)
incorporated
UK
address
the wharf, neville street, leeds, LS1 4AZ
last accounts submitted
December 2022
u k insurance 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 3 charges/mortgages relating to u k insurance limited. Currently there are 1 open charges and 2 have been satisfied in the past.
u k insurance limited Companies House Filings - See Documents
| date | description | view/download |
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