aig europe limited
aig europe limited Company Information
Company Number
01486260
Next Accounts
1972 days late
Industry
Non-life insurance
Shareholders
aig holdings europe ltd
Group Structure
View All
Contact
Registered Address
the aig building, 58 fenchurch street, london, EC3M 4AB
Website
aig.co.ukaig europe limited Estimated Valuation
Pomanda estimates the enterprise value of AIG EUROPE LIMITED at £5.6b based on a Turnover of £4.3b and 1.31x industry multiple (adjusted for size and gross margin).
aig europe limited Estimated Valuation
Pomanda estimates the enterprise value of AIG EUROPE LIMITED at £0 based on an EBITDA of £-424.4m and a 15.53x industry multiple (adjusted for size and gross margin).
aig europe limited Estimated Valuation
Pomanda estimates the enterprise value of AIG EUROPE LIMITED at £5.4b based on Net Assets of £3.2b and 1.7x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Aig Europe Limited Overview
Aig Europe Limited is a converted/closed company that was located in london, EC3M 4AB with a Companies House number of 01486260. It operated in the non-life insurance sector, SIC Code 65120. Founded in March 1980, it's largest shareholder was aig holdings europe ltd with a 100% stake. The last turnover for Aig Europe Limited was estimated at £4.3b.
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Aig Europe Limited Health Check
Pomanda's financial health check has awarded Aig Europe Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £4.3b, make it larger than the average company (£1.4m)
£4.3b - Aig Europe Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.3%)
3% - Aig Europe Limited
4.3% - Industry AVG
Production
with a gross margin of 98.9%, this company has a comparable cost of product (98.9%)
98.9% - Aig Europe Limited
98.9% - Industry AVG
Profitability
an operating margin of -9.8% make it less profitable than the average company (12.7%)
-9.8% - Aig Europe Limited
12.7% - Industry AVG
Employees
with 4543 employees, this is above the industry average (24)
4543 - Aig Europe Limited
24 - Industry AVG
Pay Structure
on an average salary of £87.7k, the company has a higher pay structure (£52k)
£87.7k - Aig Europe Limited
£52k - Industry AVG
Efficiency
resulting in sales per employee of £950.1k, this is more efficient (£131k)
£950.1k - Aig Europe Limited
£131k - Industry AVG
Debtor Days
it gets paid by customers after 263 days, this is later than average (191 days)
263 days - Aig Europe Limited
191 days - Industry AVG
Creditor Days
its suppliers are paid after 93678 days, this is slower than average (157 days)
93678 days - Aig Europe Limited
157 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Aig Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (20 weeks)
1 weeks - Aig Europe Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.2%, this is a similar level of debt than the average (80.8%)
80.2% - Aig Europe Limited
80.8% - Industry AVG
AIG EUROPE LIMITED financials
Aig Europe Limited's latest turnover from November 2017 is £4.3 billion and the company has net assets of £3.2 billion. According to their latest financial statements, Aig Europe Limited has 4,543 employees and maintains cash reserves of £445.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,316,100,000 | 4,194,200,000 | 3,956,900,000 | 3,897,400,000 | 3,757,500,000 | 1,499,700,000 | 1,456,956,000 | 1,265,763,000 | 1,175,879,000 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | |||||||||
| Pre-Tax Profit | -431,500,000 | -171,100,000 | 408,500,000 | 406,500,000 | 558,200,000 | 97,100,000 | 64,278,000 | 95,380,000 | 83,042,000 |
| Tax | 0 | 0 | -106,100,000 | -91,000,000 | -174,800,000 | -19,400,000 | -43,036,000 | 5,690,000 | -3,815,000 |
| Profit After Tax | -425,800,000 | -192,200,000 | 302,400,000 | 315,500,000 | 383,400,000 | 77,700,000 | 21,242,000 | 101,070,000 | 79,227,000 |
| Dividends Paid | 0 | 0 | 314,000,000 | 0 | 0 | 0 | 78,298,000 | 0 | 60,978,000 |
| Retained Profit | -425,800,000 | -192,200,000 | -11,600,000 | 315,500,000 | 383,400,000 | 77,700,000 | -57,056,000 | 101,070,000 | 18,249,000 |
| Employee Costs | 398,400,000 | 365,300,000 | 414,800,000 | 329,900,000 | 304,200,000 | 10,000,000 | 0 | ||
| Number Of Employees | 4,543 | 5,245 | 5,406 | 5,264 | 4,976 | 167 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 238,800,000 | 223,000,000 | 549,100,000 | 587,300,000 | 585,100,000 | 1,270,100,000 | 5,123,044,000 | 6,056,488,000 | 5,605,653,000 |
| Intangible Assets | 19,700,000 | 25,700,000 | 29,800,000 | 11,900,000 | 14,000,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 258,500,000 | 248,700,000 | 578,900,000 | 599,200,000 | 599,100,000 | 1,270,100,000 | 5,123,044,000 | 6,056,488,000 | 5,605,653,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,116,600,000 | 2,951,500,000 | 2,289,700,000 | 2,862,900,000 | 3,048,500,000 | 1,883,800,000 | 1,083,703,000 | 722,636,000 | 669,333,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 445,600,000 | 290,200,000 | 184,500,000 | 152,100,000 | 443,000,000 | 155,500,000 | 135,781,000 | 27,187,000 | 30,765,000 |
| misc current assets | 10,099,200,000 | 9,697,500,000 | 8,255,800,000 | 8,624,900,000 | 8,477,500,000 | 4,336,300,000 | 18,828,000 | 103,197,000 | 65,200,000 |
| total current assets | 15,714,700,000 | 15,064,300,000 | 12,514,000,000 | 13,304,600,000 | 13,489,700,000 | 6,523,100,000 | 2,023,519,000 | 853,020,000 | 765,298,000 |
| total assets | 15,973,200,000 | 15,313,000,000 | 13,092,900,000 | 13,903,800,000 | 14,088,800,000 | 7,793,200,000 | 7,146,563,000 | 6,909,508,000 | 6,370,951,000 |
| Bank overdraft | 50,400,000 | 50,000,000 | 50,000,000 | 51,300,000 | 51,500,000 | 106,000,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,977,600,000 | 11,034,000,000 | 8,689,000,000 | 9,260,100,000 | 9,163,600,000 | 5,588,700,000 | 5,519,549,000 | 324,469,000 | 237,379,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 12,765,100,000 | 11,863,500,000 | 9,833,600,000 | 10,392,800,000 | 10,838,900,000 | 6,336,500,000 | 5,901,294,000 | 435,605,000 | 385,122,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 44,200,000 | 77,500,000 | 48,200,000 | 52,500,000 | 39,800,000 | 1,600,000 | 21,916,000 | 5,209,823,000 | 4,828,013,000 |
| total liabilities | 12,809,300,000 | 11,941,000,000 | 9,881,800,000 | 10,445,300,000 | 10,878,700,000 | 6,338,100,000 | 5,923,210,000 | 5,645,428,000 | 5,213,135,000 |
| net assets | 3,163,900,000 | 3,372,000,000 | 3,211,100,000 | 3,458,500,000 | 3,210,100,000 | 1,455,100,000 | 1,223,353,000 | 1,264,080,000 | 1,157,816,000 |
| total shareholders funds | 3,163,900,000 | 3,372,000,000 | 3,211,100,000 | 3,458,500,000 | 3,210,100,000 | 1,455,100,000 | 1,223,353,000 | 1,264,080,000 | 1,157,816,000 |
| Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 11,500,000 | 8,600,000 | 8,600,000 | 1,400,000 | 996,000 | 340,000 | 459,000 | ||
| Amortisation | |||||||||
| Tax | 0 | 0 | -106,100,000 | -91,000,000 | -174,800,000 | -19,400,000 | -43,036,000 | 5,690,000 | -3,815,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 165,100,000 | 661,800,000 | -573,200,000 | -185,600,000 | 1,164,700,000 | 800,097,000 | 361,067,000 | 53,303,000 | 669,333,000 |
| Creditors | 943,600,000 | 2,345,000,000 | -571,100,000 | 96,500,000 | 3,574,900,000 | 69,151,000 | 5,195,080,000 | 87,090,000 | 237,379,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 155,400,000 | 105,700,000 | 32,400,000 | -290,900,000 | 287,500,000 | 19,719,000 | 108,594,000 | -3,578,000 | 30,765,000 |
| overdraft | 400,000 | 0 | -1,300,000 | -200,000 | -54,500,000 | 106,000,000 | 0 | 0 | 0 |
| change in cash | 155,000,000 | 105,700,000 | 33,700,000 | -290,700,000 | 342,000,000 | -86,281,000 | 108,594,000 | -3,578,000 | 30,765,000 |
aig europe limited Credit Report and Business Information
Aig Europe Limited Competitor Analysis
Perform a competitor analysis for aig europe limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3M area or any other competitors across 12 key performance metrics.
aig europe limited Ownership
AIG EUROPE LIMITED group structure
Aig Europe Limited has no subsidiary companies.
Ultimate parent company
AIG EUROPE LIMITED
01486260
aig europe limited directors
Aig Europe Limited currently has 11 directors. The longest serving directors include Mr Martin Bowers (Sep 2005) and Mr Anthony Hope (Dec 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Bowers | United Kingdom | 79 years | Sep 2005 | - | Director |
| Mr Anthony Hope | United Kingdom | 77 years | Dec 2007 | - | Director |
| Mr Philippe Zoetelief Tromp | 64 years | Jun 2012 | - | Director | |
| Mr Jean-Marie Nessi | 75 years | Jun 2012 | - | Director | |
| Ms Camilla Kampmann | United Kingdom | 56 years | Jul 2013 | - | Director |
| Mr James Lenton | United Kingdom | 49 years | Nov 2014 | - | Director |
| Mr Anthony Baldwin | United Kingdom | 55 years | Oct 2015 | - | Director |
| Mr Neil Minnich | 64 years | Apr 2016 | - | Director | |
| Mr Christopher Newby | United Kingdom | 51 years | Jul 2017 | - | Director |
| Mr Paul Malvasio | Usa | 78 years | Apr 2018 | - | Director |
P&L
November 2017turnover
4.3b
+3%
operating profit
-424.4m
0%
gross margin
99%
+2.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2017net assets
3.2b
-0.06%
total assets
16b
+0.04%
cash
445.6m
+0.54%
net assets
Total assets minus all liabilities
Similar Companies
aig europe limited company details
company number
01486260
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
March 1980
age
45
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2017
previous names
chartis europe limited (December 2012)
chartis insurance uk limited (December 2011)
See moreaccountant
-
auditor
-
address
the aig building, 58 fenchurch street, london, EC3M 4AB
Bank
CITIBANK N.A.
Legal Advisor
-
aig europe 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 did not find charges/mortgages relating to aig europe limited.
aig europe 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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aig europe limited Companies House Filings - See Documents
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