Victor-millwell Insurance Agency Limited

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victor-millwell insurance agency limited Company Information

Live

MatureSmallHealthy

Company Number

01419341

Next Accounts

Sep 2025

Industry

Activities of insurance agents and brokers

Directors

Peter Cue

Patricia Cue

View All

Shareholders

mr peter john cue

patricia ann cue

Group Structure

View All

Contact

Registered Address

comfort house, 8 goresbrook road, dagenham, essex, RM9 6UR

Website

http://comfort-insurance.co.uk

victor-millwell insurance agency limited Estimated Valuation

£8.7m

Pomanda estimates the enterprise value of VICTOR-MILLWELL INSURANCE AGENCY LIMITED at £8.7m based on Net Assets of £4.8m and 1.83x industry multiple (adjusted for liquidity).

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Victor-millwell Insurance Agency Limited is a live company located in dagenham, RM9 6UR with a Companies House number of 01419341. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in May 1979, it's largest shareholder is mr peter john cue with a 80% stake. Victor-millwell Insurance Agency Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Victor-Millwell Insurance Agency Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

6 Regular

1 Weak

Size

annual sales of £2.8m, make it in line with the average company (£3m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.9%)

EXPORT

Victor-Millwell Insurance Agency Limited's latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of £4.8 million. According to their latest financial statements, Victor-Millwell Insurance Agency Limited has 26 employees and maintains cash reserves of £5.5 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	2,805,320	2,283,830	2,111,028	2,360,014	2,420,205	2,126,200	1,864,959	1,743,105	1,568,699	743,005	723,453	654,867	692,758	658,426	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	150,694	127,755	214,796	259,783	311,731	267,907	243,024	263,063	265,175	175,878	195,398	213,905	186,515	168,541	0
Gross Profit	2,654,626	2,156,076	1,896,232	2,100,231	2,108,475	1,858,293	1,621,934	1,480,042	1,303,523	567,127	528,056	440,961	506,244	489,885	0
Admin Expenses	2,256,169	1,554,869	1,363,342	1,501,151	1,638,309	1,465,615	812,250	1,208,036	1,383,356	372,114	385,668	303,341	341,480	409,442	-846,635
Operating Profit	398,457	601,207	532,890	599,080	470,166	392,678	809,684	272,006	-79,833	195,013	142,388	137,620	164,764	80,443	846,635
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	271,783	158,842	10,042	3,562	23,266	20,480	10,300	3,678	6,943	6,022	4,854	3,715	2,677	2,283	1,060
Pre-Tax Profit	670,240	760,049	542,932	602,642	493,432	413,158	819,984	275,684	-72,890	201,034	147,242	141,336	167,441	82,726	847,694
Tax	-167,560	-144,409	-103,157	-114,502	-93,752	-78,500	-155,797	-55,137	0	-42,217	-33,866	-33,921	-43,535	-23,163	-237,354
Profit After Tax	502,680	615,640	439,775	488,140	399,680	334,658	664,187	220,547	-72,890	158,817	113,376	107,415	123,906	59,563	610,340
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	502,680	615,640	439,775	488,140	399,680	334,658	664,187	220,547	-72,890	158,817	113,376	107,415	123,906	59,563	610,340
Employee Costs	1,390,027	1,191,154	1,263,630	1,501,304	1,497,323	1,410,700	1,162,795	1,144,147	1,041,571	338,305	366,903	321,014	316,550	315,778	0
Number Of Employees	26	24	25	30	31	30	26	26	24	8	9	8	8	8	0
EBITDA*	429,483	621,045	554,573	623,782	498,860	416,413	838,737	306,990	-41,294	232,135	195,368	260,031	278,579	109,381	872,108

* 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	194,107	66,347	110,854	127,200	143,275	157,333	98,818	459,076	497,980	501,229	517,141	529,313	507,201	487,502	496,776
Intangible Assets	0	0	0	0	0	0	1,401	9,528	17,655	0	667	15,674	104,018	0	0
Investments & Other	0	0	0	0	0	0	0	443,000	443,000	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	194,107	66,347	110,854	127,200	143,275	157,333	100,219	911,604	958,635	501,229	517,808	544,987	611,219	487,502	496,776
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	526,738	409,426	293,008	256,089	217,127	162,864	158,873	134,723	115,945	170,076	188,096	166,634	196,239	193,328	141,259
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	62,805	53,473	48,796	40,899	30,068	21,164	16,565	47,358	20,325	0	0	0	0	0	0
Cash	5,512,879	4,840,757	4,235,933	3,797,545	3,325,793	2,878,544	2,582,699	1,537,181	1,405,336	1,371,801	1,036,839	904,765	581,429	489,285	423,972
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,102,422	5,303,656	4,577,737	4,094,533	3,572,988	3,062,572	2,758,137	1,719,262	1,541,606	1,541,877	1,224,935	1,071,399	777,668	682,613	565,231
total assets	6,296,529	5,370,003	4,688,591	4,221,733	3,716,263	3,219,905	2,858,356	2,630,866	2,500,241	2,043,106	1,742,743	1,616,386	1,388,887	1,170,115	1,062,007
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	524,122	418,921	381,498	340,724	364,808	320,772	258,107	221,086	206,017	843,586	700,724	664,478	419,744	374,984	425,698
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	143,826	103,924	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	957,394	670,981	631,601	648,742	607,212	552,180	597,993	601,316	705,041	0	0	0	0	0	0
total current liabilities	1,481,516	1,089,902	1,013,099	989,466	972,020	872,952	856,100	822,402	911,058	843,586	700,724	664,478	563,570	478,908	425,698
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	19,176	0	0	4,665
provisions	48,179	15,947	26,978	23,528	23,644	26,034	15,995	56,167	57,433	25,103	26,419	30,508	30,508	20,304	20,304
total long term liabilities	48,179	15,947	26,978	23,528	23,644	26,034	15,995	56,167	57,433	25,103	26,419	49,684	30,508	20,304	24,969
total liabilities	1,529,695	1,105,849	1,040,077	1,012,994	995,664	898,986	872,095	878,569	968,491	868,689	727,143	714,162	594,078	499,212	450,667
net assets	4,766,834	4,264,154	3,648,514	3,208,739	2,720,599	2,320,919	1,986,261	1,752,297	1,531,750	1,174,417	1,015,600	902,224	794,809	670,903	611,340
total shareholders funds	4,766,834	4,264,154	3,648,514	3,208,739	2,720,599	2,320,919	1,986,261	1,752,297	1,531,750	1,174,417	1,015,600	902,224	794,809	670,903	611,340

	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	398,457	601,207	532,890	599,080	470,166	392,678	809,684	272,006	-79,833	195,013	142,388	137,620	164,764	80,443	846,635
Depreciation	31,026	19,838	21,683	24,702	28,694	22,334	20,926	26,857	31,812	36,455	37,973	34,067	32,833	28,938	25,473
Amortisation	0	0	0	0	0	1,401	8,127	8,127	6,727	667	15,007	88,344	80,982	0	0
Tax	-167,560	-144,409	-103,157	-114,502	-93,752	-78,500	-155,797	-55,137	0	-42,217	-33,866	-33,921	-43,535	-23,163	-237,354
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	126,644	121,095	44,816	49,793	63,167	8,590	-6,643	45,811	-33,806	-18,020	21,462	-29,605	2,911	52,069	141,259
Creditors	105,201	37,423	40,774	-24,084	44,036	62,665	37,021	15,069	-637,569	142,862	36,246	244,734	44,760	-50,714	425,698
Accruals and Deferred Income	286,413	39,380	-17,141	41,530	55,032	-45,813	-3,323	-103,725	705,041	0	0	0	0	0	0
Deferred Taxes & Provisions	32,232	-11,031	3,450	-116	-2,390	10,039	-40,172	-1,266	32,330	-1,316	-4,089	0	10,204	0	20,304
Cash flow from operations	559,125	421,313	433,683	476,817	438,619	356,214	683,109	116,120	92,314	349,484	172,197	500,449	287,097	-16,565	939,497
Investing Activities
capital expenditure	-158,786	24,669	-5,337	-8,627	-14,636	-80,849	339,332	12,047	-52,945	-20,543	-25,801	-56,179	-237,532	-19,664	-522,249
Change in Investments	0	0	0	0	0	0	-443,000	0	443,000	0	0	0	0	0	0
cash flow from investments	-158,786	24,669	-5,337	-8,627	-14,636	-80,849	782,332	12,047	-495,945	-20,543	-25,801	-56,179	-237,532	-19,664	-522,249
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	-143,826	39,902	103,924	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	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	-19,176	19,176	0	-4,665	4,665
share issue	0	0	0	0	0	0	-430,223	0	430,223	0	0	0	0	0	1,000
interest	271,783	158,842	10,042	3,562	23,266	20,480	10,300	3,678	6,943	6,022	4,854	3,715	2,677	2,283	1,060
cash flow from financing	271,783	158,842	10,042	3,562	23,266	20,480	-419,923	3,678	437,166	6,022	-14,322	-120,935	42,579	101,542	6,725
cash and cash equivalents
cash	672,122	604,824	438,388	471,752	447,249	295,845	1,045,518	131,845	33,535	334,962	132,074	323,336	92,144	65,313	423,972
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	672,122	604,824	438,388	471,752	447,249	295,845	1,045,518	131,845	33,535	334,962	132,074	323,336	92,144	65,313	423,972

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VICTOR-MILLWELL INSURANCE AGENCY LIMITED group structure

Victor-Millwell Insurance Agency Limited has no subsidiary companies.

Ultimate parent company

VICTOR-MILLWELL INSURANCE AGENCY LIMITED

01419341

VICTOR-MILLWELL INSURANCE AGENCY LIMITED Shareholders

mr peter john cue	80%
patricia ann cue	20%

Victor-Millwell Insurance Agency Limited currently has 6 directors. The longest serving directors include Mr Peter Cue (Dec 1990) and Mrs Patricia Cue (Dec 1990).

officer	country	age	start	end	role
Mr Peter Cue	England	76 years	Dec 1990	-	Director
Mrs Patricia Cue	England	75 years	Dec 1990	-	Director
Mr Gordon Pratt	England	65 years	Dec 2018	-	Director
Mr Richard Brewster	England	78 years	Dec 2018	-	Director
Mr Benjamin Cue	England	48 years	May 2022	-	Director
Mrs Aimee Berncastel	England	44 years	May 2022	-	Director

P&L

December 2023

turnover

2.8m

+23%

operating profit

398.5k

gross margin

94.7%

+0.24%

turnover

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

Balance Sheet

December 2023

net assets

4.8m

+0.12%

total assets

6.3m

+0.17%

cash

5.5m

+0.14%

net assets

Total assets minus all liabilities

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company number

01419341

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

May 1979

ultimate parent company

None

previous names

N/A

address

comfort house, 8 goresbrook road, dagenham, essex, RM9 6UR

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 victor-millwell insurance agency limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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victor-millwell insurance agency limited Company Information

victor-millwell insurance agency limited Estimated Valuation

victor-millwell insurance agency limited Estimated Valuation

victor-millwell insurance agency limited Estimated Valuation

Victor-millwell Insurance Agency Limited Overview

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VICTOR-MILLWELL INSURANCE AGENCY LIMITED financials

victor-millwell insurance agency limited Credit Report and Business Information

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victor-millwell insurance agency limited Ownership

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