minova insurance holdings limited

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minova insurance holdings limited Company Information

Share MINOVA INSURANCE HOLDINGS LIMITED

Company Number

01494399

Shareholders

blackwood bidco limited

Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

one america square, london, EC3N 2LS

minova insurance holdings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MINOVA INSURANCE HOLDINGS LIMITED at £0 based on a Turnover of £0 and 1.05x industry multiple (adjusted for size and gross margin).

minova insurance holdings limited Estimated Valuation

£8.9m

Pomanda estimates the enterprise value of MINOVA INSURANCE HOLDINGS LIMITED at £8.9m based on an EBITDA of £2m and a 4.38x industry multiple (adjusted for size and gross margin).

minova insurance holdings limited Estimated Valuation

£28.8m

Pomanda estimates the enterprise value of MINOVA INSURANCE HOLDINGS LIMITED at £28.8m based on Net Assets of £22.1m and 1.31x industry multiple (adjusted for liquidity).

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Minova Insurance Holdings Limited Overview

Minova Insurance Holdings Limited is a live company located in london, EC3N 2LS with a Companies House number of 01494399. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 1980, it's largest shareholder is blackwood bidco limited with a 100% stake. Minova Insurance Holdings Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Minova Insurance Holdings Limited Health Check

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Health Rating0out of 5
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0 Strong

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0 Regular

positive_score

2 Weak

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Size

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Growth

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Production

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Profitability

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employees

Employees

with 1 employees, this is below the industry average (104)

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Pay Structure

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Efficiency

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Debtor Days

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Creditor Days

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Stock Days

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Cash Balance

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debtlevel

Debt Level

it has a ratio of liabilities to total assets of 79.1%, this is a higher level of debt than the average (69.6%)

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MINOVA INSURANCE HOLDINGS LIMITED financials

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Minova Insurance Holdings Limited's latest turnover from December 2023 is 0 and the company has net assets of £22.1 million. According to their latest financial statements, we estimate that Minova Insurance Holdings Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover128,875,000111,631,000102,776,00083,714,00076,480,00067,898,00064,019,00052,886,00050,217,00046,924,000
Other Income Or Grants
Cost Of Sales85,606,09673,751,21567,765,86656,387,05752,018,52946,537,93943,931,73535,641,27233,956,648
Gross Profit43,268,90437,879,78535,010,13427,326,94324,461,47121,360,06120,087,26517,244,72816,260,352
Admin Expenses-2,023,0004,311,000546,000-1,150,0004,235,00030,813,90435,598,78518,872,13426,019,94327,825,47122,101,06120,832,26519,261,72814,952,352-461,000
Operating Profit2,023,000-4,311,000-546,0001,150,000-4,235,00012,455,0002,281,00016,138,0001,307,000-3,364,000-741,000-745,000-2,017,0001,308,000461,000
Interest Payable282,000334,000292,000313,0004,856,0005,644,0005,632,0006,379,0005,660,0002,861,000725,000499,000153,000241,000482,000
Interest Receivable159,930382,000155,00081,000129,00079,000311,00083,000233,000
Pre-Tax Profit1,741,000-4,645,000-838,000837,000-38,937,000-21,965,0006,865,000-9,907,000-13,952,000-5,933,000-264,000-1,213,000-2,125,0001,060,00089,000
Tax-215,000843,000107,000-93,000-2,114,000-57,000-3,308,000-708,000-654,0001,301,000-973,000-739,000-1,109,000-1,010,000-83,000
Profit After Tax1,526,000-3,802,000-731,000744,000-41,051,000-22,022,0003,557,000-10,615,000-14,606,000-4,632,000-1,237,000-1,952,000-3,234,00050,0006,000
Dividends Paid319,000200,000
Retained Profit1,526,000-3,802,000-731,000744,000-41,051,000-22,022,0003,557,000-10,615,000-14,606,000-4,951,000-1,437,000-1,952,000-3,106,00091,0006,000
Employee Costs40,0003,063,00083,054,00077,317,00064,554,00056,453,00054,428,00049,214,00044,895,00037,290,00033,372,00029,731,000
Number Of Employees11112510465412371326330325291267267
EBITDA*2,023,000-4,311,000-546,0001,150,000-4,235,00014,607,0005,229,00019,326,0004,082,000-1,091,000562,00016,000-390,0002,951,0002,393,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets19,901,0005,908,0006,242,0006,867,0006,977,0005,139,0005,063,0001,612,0002,311,0003,566,000
Intangible Assets5,207,0005,823,0007,888,0002,095,0002,164,0001,759,000926,0001,065,0001,205,0001,346,000
Investments & Other104,417,000102,727,000102,727,000102,727,000121,571,0004,594,00014,396,00011,715,00010,307,000860,000974,000696,000489,000446,000
Debtors (Due After 1 year)23,00047,00023,00028,0005,00012,294,0009,288,0006,586,0005,837,000861,000758,000
Total Fixed Assets104,440,000102,774,000102,750,000102,755,000121,576,00025,108,00028,619,00037,814,00027,263,00025,285,0007,758,0006,963,0003,373,0004,866,0006,116,000
Stock & work in progress2,502,000
Trade Debtors162,212,000221,892,000188,894,000225,710,000332,536,000
Group Debtors
Misc Debtors1,137,00036,00030,000146,000893,00057,808,00058,271,00043,421,00032,221,00014,448,0006,076,0007,865,0003,046,0002,992,000
Cash73,00027,00022,587,00020,061,0006,284,00010,767,00021,672,00057,896,00045,016,00040,035,00049,624,00042,093,000
misc current assets1,755,0002,557,0002,557,000
total current assets1,137,00036,00030,000219,000920,00073,198,00077,869,00064,555,00054,188,00053,893,000234,556,000274,739,000239,351,000280,937,000380,123,000
total assets105,577,000102,810,000102,780,000102,974,000122,496,00098,306,000106,488,000102,369,00081,451,00079,178,000242,314,000281,702,000242,724,000285,803,000386,239,000
Bank overdraft
Bank loan2,500,000178,000671,000621,000
Trade Creditors 201,766,000255,495,000221,150,000263,421,000
Group/Directors Accounts83,501,00081,899,00076,911,00075,606,00095,920,000
other short term finances2,902,00012,824,0004,196,0001,455,000
hp & lease commitments
other current liabilities15,000821,0009,0009,00024,00041,725,00036,266,00031,329,00028,981,00026,330,00015,818,00018,157,00011,183,000374,263,000
total current liabilities83,516,00082,720,00076,920,00075,615,00095,944,00042,056,00041,725,00049,090,00035,525,00030,436,000230,596,000271,313,000239,485,000275,275,000374,884,000
loans4,690,0001,272,0001,503,0007,500,0007,500,000178,000849,000
hp & lease commitments
Accruals and Deferred Income455,000
other liabilities1,242,0001,242,0001,242,00078,886,00069,236,00057,680,00048,418,000473,000
provisions30,00035,000201,00081,00037,000280,000
total long term liabilities6,399,00020,355,00022,648,00016,649,000116,843,000107,086,00097,315,00075,489,00066,976,00013,403,00013,677,0003,027,0003,795,0007,134,000
total liabilities83,516,00089,119,00097,275,00098,263,000112,593,000158,899,000148,811,000146,405,000111,014,00097,412,000243,999,000284,990,000242,512,000279,070,000382,018,000
net assets22,061,00013,691,0005,505,0004,711,0009,903,000-60,593,000-42,323,000-44,036,000-29,563,000-18,234,000-1,685,000-3,288,000212,0006,733,0004,221,000
total shareholders funds22,061,00013,691,0005,505,0004,711,0009,903,000-60,593,000-42,323,000-44,036,000-29,563,000-18,234,000-1,685,000-3,288,000212,0006,733,0004,221,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,023,000-4,311,000-546,0001,150,000-4,235,00012,455,0002,281,00016,138,0001,307,000-3,364,000-741,000-745,000-2,017,0001,308,000461,000
Depreciation2,152,0002,298,0002,739,0002,326,0001,943,0001,166,000622,0001,487,0001,502,0001,506,000
Amortisation650,000449,000449,000330,000137,000139,000140,000141,000426,000
Tax-215,000843,000107,000-93,000-2,114,000-57,000-3,308,000-708,000-654,0001,301,000-973,000-739,000-1,109,000-1,010,000-83,000
Stock-2,502,0002,502,000
Debtors1,077,00030,000-121,000-724,000898,000-70,102,0002,543,00017,552,00011,949,000-138,602,000-51,308,00031,209,000-32,858,000-106,669,000336,286,000
Creditors-201,766,000-53,729,00034,345,000-42,271,000263,421,000
Accruals and Deferred Income-806,000812,000-15,00024,000-41,725,0005,459,0004,937,0002,348,0002,651,00010,512,000-2,339,0006,974,000-363,535,000374,718,000
Deferred Taxes & Provisions-30,000-5,000-166,000120,00044,000-243,000280,000
Cash flow from operations-75,000-2,686,000-318,0001,766,000-7,223,00042,927,0004,837,0006,003,000-6,203,000-60,308,0007,514,000194,000-3,894,00010,755,00038,520,000
Investing Activities
capital expenditure25,108,000-15,529,000-1,337,000-10,340,000-3,942,000-13,797,000-1,078,000-4,523,000-805,000-316,000-108,000
Change in Investments1,690,000-18,844,000121,571,000-4,594,000-9,802,0002,681,0001,408,0009,447,000-114,000278,000207,00043,000446,000
cash flow from investments-1,690,00018,844,000-96,463,000-10,935,0008,465,000-13,021,000-5,350,000-23,244,000-964,000-4,801,000-1,012,000-359,000-554,000
Financing Activities
Bank loans-2,500,0002,500,000-178,000-493,00050,000621,000
Group/Directors Accounts1,602,0004,988,0001,305,000-20,314,00095,920,000
Other Short Term Loans -2,902,0002,902,000-12,824,0008,628,0002,741,0001,455,000
Long term loans-4,690,0003,418,000-231,000-5,997,0007,500,000-178,000-671,000849,000
Hire Purchase and Lease Commitments
other long term liabilities-1,242,0001,242,000-78,886,0009,650,00011,556,0009,262,00047,945,000473,000
share issue6,844,00011,988,0001,525,000-5,936,000111,547,0003,752,000-1,844,000-3,858,0003,277,000-11,598,0003,040,000-1,548,000-3,415,0002,421,0004,215,000
interest-282,000-334,000-292,000-313,000-4,856,000-5,484,070-5,250,000-6,224,000-5,579,000-2,732,000-725,000-420,000158,000-158,000-249,000
cash flow from financing8,164,00015,400,0002,538,000-26,563,000200,951,000-77,716,070-14,958,00013,520,0009,470,00026,573,0005,288,0005,354,000-3,928,0001,642,0005,436,000
cash and cash equivalents
cash-73,00046,000-22,560,0002,526,00013,777,000-4,483,000-10,905,000-36,224,00012,880,0004,981,000-9,589,0007,531,00042,093,000
overdraft
change in cash-73,00046,000-22,560,0002,526,00013,777,000-4,483,000-10,905,000-36,224,00012,880,0004,981,000-9,589,0007,531,00042,093,000

minova insurance holdings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Minova Insurance Holdings Limited Competitor Analysis

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minova insurance holdings limited Ownership

MINOVA INSURANCE HOLDINGS LIMITED Shareholders

blackwood bidco limited 100%

minova insurance holdings limited directors

Minova Insurance Holdings Limited currently has 3 directors. The longest serving directors include Mr Nicholas Cook (Nov 2012) and Mr Adam Stafford (Nov 2019).

officercountryagestartendrole
Mr Nicholas CookEngland55 years Nov 2012- Director
Mr Adam StaffordUnited Kingdom46 years Nov 2019- Director
Mr Adam StaffordEngland46 years Nov 2019- Director

P&L

December 2023

turnover

0

0%

operating profit

2m

-147%

gross margin

0%

0%

turnover

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

Balance Sheet

December 2023

net assets

22.1m

+0.61%

total assets

105.6m

+0.03%

cash

0

0%

net assets

Total assets minus all liabilities

minova insurance holdings limited company details

company number

01494399

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

April 1980

age

45

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

bms associates limited (June 2014)

trushelfco (no. 317) limited (December 1980)

accountant

-

auditor

DELOITTE LLP

address

one america square, london, EC3N 2LS

Bank

CITIBANK N.A.

Legal Advisor

-

minova insurance holdings 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 6 charges/mortgages relating to minova insurance holdings limited. Currently there are 0 open charges and 6 have been satisfied in the past.

minova insurance holdings limited Capital Raised & Share Issues BETA

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minova insurance holdings limited Companies House Filings - See Documents

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