Midway Insurance Services Limited

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midway insurance services limited Company Information

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MatureSmallHealthy

Company Number

01361995

Next Accounts

Jan 2026

Industry

Activities of insurance agents and brokers

Directors

Christine Robertson

Carole Davies

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Shareholders

mrs christine margaret robertson

mr paul stuart robertson

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Group Structure

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Contact

Registered Address

6 station close, potters bar, EN6 1TL

Website

www.midway.co.uk

midway insurance services limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of MIDWAY INSURANCE SERVICES LIMITED at £2.5m based on a Turnover of £2.3m and 1.12x industry multiple (adjusted for size and gross margin).

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Midway Insurance Services Limited is a live company located in potters bar, EN6 1TL with a Companies House number of 01361995. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in April 1978, it's largest shareholder is mrs christine margaret robertson with a 96% stake. Midway Insurance Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Midway Insurance Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.4%)

EXPORT

Midway Insurance Services Limited's latest turnover from April 2024 is estimated at £2.3 million and the company has net assets of £232 thousand. According to their latest financial statements, Midway Insurance Services Limited has 16 employees and maintains cash reserves of £513.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,254,868	2,025,434	2,160,821	1,943,831	2,588,512	1,925,007	2,093,995	2,195,647	2,305,166	2,329,329	1,542,803	2,182,987	2,186,147	1,681,278	1,342,942
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	181,206	64,414	139,726	206,062	304,963	247,948	247,279	322,293	431,839	554,582	397,424	701,799	708,952	411,973	353,822
Gross Profit	2,073,662	1,961,020	2,021,095	1,737,769	2,283,549	1,677,059	1,846,716	1,873,354	1,873,327	1,774,747	1,145,379	1,481,188	1,477,195	1,269,304	989,120
Admin Expenses	2,114,539	1,965,412	1,982,693	1,744,002	2,243,645	1,655,157	1,835,177	1,874,002	1,886,444	1,774,748	1,161,694	1,486,594	1,462,485	1,261,941	932,192
Operating Profit	-40,877	-4,392	38,402	-6,233	39,904	21,902	11,539	-648	-13,117	-1	-16,315	-5,406	14,710	7,363	56,928
Interest Payable	0	355	1,039	2,190	3,704	5,780	3,178	0	0	0	0	0	0	0	0
Interest Receivable	26,372	21,406	3,749	356	264	2,512	1,993	966	1,908	2,248	2,504	2,663	2,411	1,894	847
Pre-Tax Profit	-14,505	16,659	41,112	-8,067	36,464	18,633	10,354	319	-11,209	2,246	-13,811	-2,743	17,121	9,257	57,775
Tax	0	-4,165	-7,811	0	-6,928	-3,540	-1,967	-61	0	-449	0	0	-4,109	-2,407	-16,177
Profit After Tax	-14,505	12,494	33,301	-8,067	29,536	15,093	8,387	258	-11,209	1,797	-13,811	-2,743	13,012	6,850	41,598
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,505	12,494	33,301	-8,067	29,536	15,093	8,387	258	-11,209	1,797	-13,811	-2,743	13,012	6,850	41,598
Employee Costs	875,765	730,339	736,624	760,798	753,983	680,286	938,718	987,426	1,055,344	1,084,518	731,139	1,036,416	1,062,657	784,356	710,501
Number Of Employees	16	15	15	15	16	15	22	23	25	26	18	26	27	21	18
EBITDA*	-26,790	11,351	54,720	12,164	55,387	37,730	25,325	5,210	-6,637	-1	-16,315	3,032	19,997	13,885	63,491

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	89,910	103,997	113,754	129,524	125,334	134,168	148,378	23,427	25,917	32,397	29,637	33,750	21,148	26,091	26,247
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	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	89,910	103,997	113,754	129,524	125,334	134,168	148,378	23,427	25,917	32,397	29,637	33,750	21,148	26,091	26,247
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	546,385	627,991	743,183	596,830	829,508	536,797	487,353	535,973	567,347	546,601	421,602	579,383	539,326	452,532	361,086
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	14,984	10,628	16,829	23,777	23,786	23,009	23,349	19,202	10,113	0	0	0	0	0	0
Cash	513,566	491,079	516,266	483,551	228,206	299,652	370,124	427,197	345,973	417,383	481,711	519,709	545,614	418,893	338,730
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,074,935	1,129,698	1,276,278	1,104,158	1,081,500	859,458	880,826	982,372	923,433	963,984	903,313	1,099,092	1,084,940	871,425	699,816
total assets	1,164,845	1,233,695	1,390,032	1,233,682	1,206,834	993,626	1,029,204	1,005,799	949,350	996,381	932,950	1,132,842	1,106,088	897,516	726,063
Bank overdraft	0	0	6,933	16,908	24,377	25,710	25,211	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	808,425	892,868	1,066,843	953,482	1,005,767	781,677	794,894	902,457	857,875	924,081	861,666	1,039,487	1,021,999	825,686	649,074
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	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	117,801	86,046	75,521	47,600	38,560	51,254	46,153	43,391	31,521	0	0	0	0	0	0
total current liabilities	926,226	978,914	1,149,297	1,017,990	1,068,704	858,641	866,258	945,848	889,396	924,081	861,666	1,039,487	1,021,999	825,686	649,074
loans	0	0	0	6,933	23,573	47,771	72,568	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	2,000	20,000	0	0	0	1,527	6,572	0	0	0
provisions	6,628	8,285	6,733	8,058	5,789	5,982	6,239	4,199	4,460	5,597	4,851	8,066	2,629	3,382	2,891
total long term liabilities	6,628	8,285	6,733	14,991	29,362	55,753	98,807	4,199	4,460	5,597	6,378	14,638	2,629	3,382	2,891
total liabilities	932,854	987,199	1,156,030	1,032,981	1,098,066	914,394	965,065	950,047	893,856	929,678	868,044	1,054,125	1,024,628	829,068	651,965
net assets	231,991	246,496	234,002	200,701	108,768	79,232	64,139	55,752	55,494	66,703	64,906	78,717	81,460	68,448	74,098
total shareholders funds	231,991	246,496	234,002	200,701	108,768	79,232	64,139	55,752	55,494	66,703	64,906	78,717	81,460	68,448	74,098

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-40,877	-4,392	38,402	-6,233	39,904	21,902	11,539	-648	-13,117	-1	-16,315	-5,406	14,710	7,363	56,928
Depreciation	14,087	15,743	16,318	18,397	15,483	15,828	13,786	5,858	6,480	0	0	8,438	5,287	6,522	6,563
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-4,165	-7,811	0	-6,928	-3,540	-1,967	-61	0	-449	0	0	-4,109	-2,407	-16,177
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-77,250	-121,393	139,405	-232,687	293,488	49,104	-44,473	-22,285	30,859	124,999	-157,781	40,057	86,794	91,446	361,086
Creditors	-84,443	-173,975	113,361	-52,285	224,090	-13,217	-107,563	44,582	-66,206	62,415	-177,821	17,488	196,313	176,612	649,074
Accruals and Deferred Income	31,755	10,525	27,921	9,040	-12,694	5,101	2,762	11,870	31,521	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,657	1,552	-1,325	2,269	-193	-257	2,040	-261	-1,137	746	-3,215	5,437	-753	491	2,891
Cash flow from operations	-3,885	-33,319	47,461	203,875	-33,826	-23,287	-34,930	83,625	-73,318	-62,288	-39,570	-14,100	124,654	97,135	338,193
Investing Activities
capital expenditure	0	-5,986	-548	-22,587	-6,649	-1,618	-138,737	-3,368	0	-2,760	4,113	-21,040	-344	-6,366	-32,810
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-5,986	-548	-22,587	-6,649	-1,618	-138,737	-3,368	0	-2,760	4,113	-21,040	-344	-6,366	-32,810
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	0	0	0	0	0	0
Long term loans	0	0	-6,933	-16,640	-24,198	-24,797	72,568	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	-2,000	-18,000	20,000	0	0	-1,527	-5,045	6,572	0	0	0
share issue	0	0	0	100,000	0	0	0	0	0	0	0	0	0	-12,500	32,500
interest	26,372	21,051	2,710	-1,834	-3,440	-3,268	-1,185	966	1,908	2,248	2,504	2,663	2,411	1,894	847
cash flow from financing	26,372	21,051	-4,223	81,526	-29,638	-46,065	91,383	966	1,908	721	-2,541	9,235	2,411	-10,606	33,347
cash and cash equivalents
cash	22,487	-25,187	32,715	255,345	-71,446	-70,472	-57,073	81,224	-71,410	-64,328	-37,998	-25,905	126,721	80,163	338,730
overdraft	0	-6,933	-9,975	-7,469	-1,333	499	25,211	0	0	0	0	0	0	0	0
change in cash	22,487	-18,254	42,690	262,814	-70,113	-70,971	-82,284	81,224	-71,410	-64,328	-37,998	-25,905	126,721	80,163	338,730

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDWAY INSURANCE SERVICES LIMITED group structure

Midway Insurance Services Limited has no subsidiary companies.

Ultimate parent company

MIDWAY INSURANCE SERVICES LIMITED

01361995

MIDWAY INSURANCE SERVICES LIMITED Shareholders

mrs christine margaret robertson	96%
mr paul stuart robertson	1.95%
carole elizabeth davies	1.95%
oliver bartlam shelton	0.1%

Midway Insurance Services Limited currently has 4 directors. The longest serving directors include Mrs Christine Robertson (Oct 1991) and Mrs Carole Davies (Mar 1998).

officer	country	age	start	end	role
Mrs Christine Robertson	England	82 years	Oct 1991	-	Director
Mrs Carole Davies	England	54 years	Mar 1998	-	Director
Mr Paul Robertson	England	57 years	Apr 2000	-	Director
Mr Oliver Shelton	England	54 years	Nov 2006	-	Director

P&L

April 2024

turnover

2.3m

+11%

operating profit

-40.9k

gross margin

92%

-5.02%

turnover

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

Balance Sheet

April 2024

net assets

232k

-0.06%

total assets

1.2m

-0.06%

cash

513.6k

+0.05%

net assets

Total assets minus all liabilities

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company number

01361995

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

April 1978

ultimate parent company

None

previous names

midway insurance brokers limited (November 1994)

address

6 station close, potters bar, EN6 1TL

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midway insurance services limited Company Information

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midway insurance services limited Estimated Valuation

midway insurance services limited Estimated Valuation

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