santander insurance services uk limited
santander insurance services uk limited Company Information
Company Number
01492302
Next Accounts
Sep 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
banco santander sa
Group Structure
View All
Contact
Registered Address
2 triton square, regent's place, london, NW1 3AN
Website
-santander insurance services uk limited Estimated Valuation
Pomanda estimates the enterprise value of SANTANDER INSURANCE SERVICES UK LIMITED at £54.7m based on a Turnover of £31m and 1.76x industry multiple (adjusted for size and gross margin).
santander insurance services uk limited Estimated Valuation
Pomanda estimates the enterprise value of SANTANDER INSURANCE SERVICES UK LIMITED at £1.4m based on an EBITDA of £223k and a 6.5x industry multiple (adjusted for size and gross margin).
santander insurance services uk limited Estimated Valuation
Pomanda estimates the enterprise value of SANTANDER INSURANCE SERVICES UK LIMITED at £52m based on Net Assets of £39.6m and 1.31x industry multiple (adjusted for liquidity).
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Santander Insurance Services Uk Limited Overview
Santander Insurance Services Uk Limited is a live company located in london, NW1 3AN with a Companies House number of 01492302. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 1980, it's largest shareholder is banco santander sa with a 100% stake. Santander Insurance Services Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £31m with declining growth in recent years.
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Santander Insurance Services Uk Limited Health Check
Pomanda's financial health check has awarded Santander Insurance Services Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
5 Weak
Size
annual sales of £31m, make it larger than the average company (£5.5m)
£31m - Santander Insurance Services Uk Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.9%)
-15% - Santander Insurance Services Uk Limited
4.9% - Industry AVG
Production
with a gross margin of 28.1%, this company has a higher cost of product (54%)
28.1% - Santander Insurance Services Uk Limited
54% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (9.1%)
0.7% - Santander Insurance Services Uk Limited
9.1% - Industry AVG
Employees
with 30 employees, this is above the industry average (14)
30 - Santander Insurance Services Uk Limited
14 - Industry AVG
Pay Structure
on an average salary of £110.1k, the company has a higher pay structure (£82.7k)
£110.1k - Santander Insurance Services Uk Limited
£82.7k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£224.3k)
£1m - Santander Insurance Services Uk Limited
£224.3k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (33 days)
65 days - Santander Insurance Services Uk Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Santander Insurance Services Uk Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Santander Insurance Services Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 230 weeks, this is more cash available to meet short term requirements (30 weeks)
230 weeks - Santander Insurance Services Uk Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.9%, this is a lower level of debt than the average (70.1%)
19.9% - Santander Insurance Services Uk Limited
70.1% - Industry AVG
SANTANDER INSURANCE SERVICES UK LIMITED financials
Santander Insurance Services Uk Limited's latest turnover from December 2023 is £31 million and the company has net assets of £39.6 million. According to their latest financial statements, Santander Insurance Services Uk Limited has 30 employees and maintains cash reserves of £43.6 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 | 31,049,000 | 61,763,000 | 47,759,000 | 50,337,000 | 51,851,000 | 70,267,000 | 62,006,000 | 79,670,000 | 86,836,000 | 93,275,000 | 111,001,000 | 154,453,000 | 158,645,000 | 149,639,000 | 129,142,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 22,321,000 | 51,416,000 | 36,563,000 | 37,501,000 | 38,631,000 | 55,909,000 | 46,117,000 | 60,821,000 | 68,015,000 | 70,346,000 | 87,246,000 | 126,651,000 | 127,645,000 | 118,639,000 | 98,142,000 |
| Gross Profit | 8,728,000 | 10,347,000 | 11,196,000 | 12,836,000 | 13,220,000 | 14,358,000 | 15,889,000 | 18,849,000 | 18,821,000 | 22,929,000 | 23,755,000 | 27,802,000 | 31,000,000 | 31,000,000 | 31,000,000 |
| Admin Expenses | 8,505,000 | 10,036,000 | 10,870,000 | 12,464,000 | 12,834,000 | 14,008,000 | 15,501,000 | 18,389,000 | 18,362,000 | 22,285,000 | 23,176,000 | 23,175,000 | 26,992,000 | 28,607,000 | 29,360,000 |
| Operating Profit | 223,000 | 311,000 | 326,000 | 372,000 | 386,000 | 350,000 | 388,000 | 460,000 | 459,000 | 644,000 | 579,000 | 4,627,000 | 4,008,000 | 2,393,000 | 1,640,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 2,169,000 | 433,000 | 98,000 | 187,000 | 332,000 | 281,000 | 166,000 | 233,000 | 294,000 | 706,000 | 565,000 | 286,000 | 155,000 | 133,000 | 230,000 |
| Pre-Tax Profit | 2,438,000 | 748,000 | 424,000 | 559,000 | 718,000 | 631,000 | 554,000 | 693,000 | 753,000 | 960,000 | 1,144,000 | 4,913,000 | 4,163,000 | 2,526,000 | 1,870,000 |
| Tax | -573,000 | -142,000 | -81,000 | -98,000 | -144,000 | -119,000 | -104,000 | -88,000 | -223,000 | -254,000 | -288,000 | -1,239,000 | -1,097,000 | -714,000 | -534,000 |
| Profit After Tax | 1,865,000 | 606,000 | 343,000 | 461,000 | 574,000 | 512,000 | 450,000 | 605,000 | 530,000 | 706,000 | 856,000 | 3,674,000 | 3,066,000 | 1,812,000 | 1,336,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,865,000 | 606,000 | 343,000 | 461,000 | 574,000 | 512,000 | 450,000 | 605,000 | 530,000 | 706,000 | 856,000 | 3,674,000 | 3,066,000 | 1,812,000 | 1,336,000 |
| Employee Costs | 3,303,000 | 3,165,000 | 3,107,000 | 2,931,000 | 3,601,000 | 4,570,000 | 4,594,000 | 4,598,000 | 4,471,000 | 4,890,000 | 4,545,000 | 4,421,000 | 4,940,000 | 4,574,000 | 3,845,000 |
| Number Of Employees | 30 | 29 | 29 | 28 | 29 | 40 | 43 | 42 | 44 | 54 | 52 | 52 | 51 | 55 | 50 |
| EBITDA* | 223,000 | 311,000 | 326,000 | 372,000 | 386,000 | 350,000 | 388,000 | 460,000 | 459,000 | 644,000 | 579,000 | 4,627,000 | 4,008,000 | 5,714,000 | 5,003,000 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,321,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,321,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,576,000 | 3,743,000 | 4,105,000 | 4,337,000 | 5,238,000 | 4,357,000 | 9,160,000 | 11,401,000 | 4,267,000 | 4,332,000 | 1,859,000 | 1,690,000 | 2,078,000 | 8,266,000 | 9,526,000 |
| Group Debtors | 200,000 | 0 | 0 | 0 | 0 | 0 | 2,000 | 2,810,000 | 4,440,000 | 257,000 | 6,197,000 | 6,261,000 | 7,050,000 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 43,639,000 | 46,536,000 | 42,657,000 | 42,602,000 | 41,845,000 | 43,049,000 | 38,430,000 | 33,833,000 | 41,551,000 | 49,513,000 | 49,256,000 | 15,085,000 | 45,145,000 | 40,299,000 | 46,412,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 9,000 | 14,000 | 29,000 | 13,000 | 294,000 | 9,000 | 30,124,000 | 0 | 0 | 0 |
| total current assets | 49,415,000 | 50,279,000 | 46,762,000 | 46,939,000 | 47,083,000 | 47,415,000 | 47,606,000 | 48,073,000 | 50,271,000 | 54,396,000 | 57,321,000 | 53,160,000 | 54,273,000 | 48,565,000 | 55,938,000 |
| total assets | 49,415,000 | 50,279,000 | 46,762,000 | 46,939,000 | 47,083,000 | 47,415,000 | 47,606,000 | 48,073,000 | 50,271,000 | 54,396,000 | 57,321,000 | 53,160,000 | 54,273,000 | 48,565,000 | 59,259,000 |
| 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 | 1,619,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,735,000 |
| 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 | 9,831,000 | 12,560,000 | 8,030,000 | 10,169,000 | 10,774,000 | 11,680,000 | 12,383,000 | 13,300,000 | 16,103,000 | 20,758,000 | 24,389,000 | 21,084,000 | 25,871,000 | 23,229,000 | 0 |
| total current liabilities | 9,831,000 | 12,560,000 | 9,649,000 | 10,169,000 | 10,774,000 | 11,680,000 | 12,383,000 | 13,300,000 | 16,103,000 | 20,758,000 | 24,389,000 | 21,084,000 | 25,871,000 | 23,229,000 | 35,735,000 |
| 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 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 9,831,000 | 12,560,000 | 9,649,000 | 10,169,000 | 10,774,000 | 11,680,000 | 12,383,000 | 13,300,000 | 16,103,000 | 20,758,000 | 24,389,000 | 21,084,000 | 25,871,000 | 23,229,000 | 35,735,000 |
| net assets | 39,584,000 | 37,719,000 | 37,113,000 | 36,770,000 | 36,309,000 | 35,735,000 | 35,223,000 | 34,773,000 | 34,168,000 | 33,638,000 | 32,932,000 | 32,076,000 | 28,402,000 | 25,336,000 | 23,524,000 |
| total shareholders funds | 39,584,000 | 37,719,000 | 37,113,000 | 36,770,000 | 36,309,000 | 35,735,000 | 35,223,000 | 34,773,000 | 34,168,000 | 33,638,000 | 32,932,000 | 32,076,000 | 28,402,000 | 25,336,000 | 23,524,000 |
| 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 | 223,000 | 311,000 | 326,000 | 372,000 | 386,000 | 350,000 | 388,000 | 460,000 | 459,000 | 644,000 | 579,000 | 4,627,000 | 4,008,000 | 2,393,000 | 1,640,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,321,000 | 3,363,000 | |
| Tax | -573,000 | -142,000 | -81,000 | -98,000 | -144,000 | -119,000 | -104,000 | -88,000 | -223,000 | -254,000 | -288,000 | -1,239,000 | -1,097,000 | -714,000 | -534,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,033,000 | -362,000 | -232,000 | -901,000 | 881,000 | -4,805,000 | -5,049,000 | 5,504,000 | 4,118,000 | -3,467,000 | 105,000 | -1,177,000 | 862,000 | -1,260,000 | 9,526,000 |
| Creditors | 0 | -1,619,000 | 1,619,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,735,000 | 35,735,000 |
| Accruals and Deferred Income | -2,729,000 | 4,530,000 | -2,139,000 | -605,000 | -906,000 | -703,000 | -917,000 | -2,803,000 | -4,655,000 | -3,631,000 | 3,305,000 | -4,787,000 | 2,642,000 | 23,229,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -5,112,000 | 3,442,000 | -43,000 | 570,000 | -1,545,000 | 4,333,000 | 4,416,000 | -8,537,000 | 226,000 | 3,491,000 | -222,000 | 4,691,000 | -6,246,000 | 30,678,000 | |
| 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 | 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 | 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 | 2,169,000 | 433,000 | 98,000 | 187,000 | 332,000 | 281,000 | 166,000 | 233,000 | 294,000 | 706,000 | 565,000 | 286,000 | 155,000 | 133,000 | 230,000 |
| cash flow from financing | 2,169,000 | 433,000 | 98,000 | 187,000 | 332,000 | 281,000 | 166,000 | 233,000 | 294,000 | 706,000 | 565,000 | 286,000 | 155,000 | 133,000 | 22,418,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,897,000 | 3,879,000 | 55,000 | 757,000 | -1,204,000 | 4,619,000 | 4,597,000 | -7,718,000 | -7,962,000 | 257,000 | 34,171,000 | -30,060,000 | 4,846,000 | -6,113,000 | 46,412,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,897,000 | 3,879,000 | 55,000 | 757,000 | -1,204,000 | 4,619,000 | 4,597,000 | -7,718,000 | -7,962,000 | 257,000 | 34,171,000 | -30,060,000 | 4,846,000 | -6,113,000 | 46,412,000 |
santander insurance services uk limited Credit Report and Business Information
Santander Insurance Services Uk Limited Competitor Analysis
Perform a competitor analysis for santander insurance services uk limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in NW1 area or any other competitors across 12 key performance metrics.
santander insurance services uk limited Ownership
SANTANDER INSURANCE SERVICES UK LIMITED group structure
Santander Insurance Services Uk Limited has no subsidiary companies.
Ultimate parent company
BANCO SANTANDER SA
#0059846
2 parents
SANTANDER INSURANCE SERVICES UK LIMITED
01492302
santander insurance services uk limited directors
Santander Insurance Services Uk Limited currently has 5 directors. The longest serving directors include Mr Francisco Ayuso (Aug 2014) and Mr Stewart Livingston (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Francisco Ayuso | United Kingdom | 54 years | Aug 2014 | - | Director |
| Mr Stewart Livingston | United Kingdom | 60 years | Feb 2022 | - | Director |
| Mr James Dunne | United Kingdom | 43 years | Mar 2022 | - | Director |
| Mr Stephen Cooke | United Kingdom | 53 years | Oct 2023 | - | Director |
| Mr Antony Longden | 60 years | Oct 2023 | - | Director |
P&L
December 2023turnover
31m
-50%
operating profit
223k
-28%
gross margin
28.2%
+67.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
39.6m
+0.05%
total assets
49.4m
-0.02%
cash
43.6m
-0.06%
net assets
Total assets minus all liabilities
santander insurance services uk limited company details
company number
01492302
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
April 1980
age
44
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
abbey national pension funds (holdings) limited (October 2006)
furlmont limited (December 1981)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
2 triton square, regent's place, london, NW1 3AN
Bank
-
Legal Advisor
-
santander insurance services uk 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 santander insurance services uk limited.
santander insurance services uk limited Capital Raised & Share Issues BETA
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santander insurance services uk limited Companies House Filings - See Documents
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