fmb insurance services ltd
fmb insurance services ltd Company Information
Company Number
01520341
Website
www.fmbinsurance.co.ukRegistered Address
star house star hill, rochester, kent, ME1 1UX
Industry
Other personal service activities n.e.c.
Telephone
02072427583
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
federation of master builders ltd 100%
fmb insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of FMB INSURANCE SERVICES LTD at £1m based on a Turnover of £780k and 1.3x industry multiple (adjusted for size and gross margin).
fmb insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of FMB INSURANCE SERVICES LTD at £0 based on an EBITDA of £-328.8k and a 8.48x industry multiple (adjusted for size and gross margin).
fmb insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of FMB INSURANCE SERVICES LTD at £0 based on Net Assets of £-276.8k and 0.48x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Fmb Insurance Services Ltd Overview
Fmb Insurance Services Ltd is a live company located in kent, ME1 1UX with a Companies House number of 01520341. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 1980, it's largest shareholder is federation of master builders ltd with a 100% stake. Fmb Insurance Services Ltd is a mature, small sized company, Pomanda has estimated its turnover at £780k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Fmb Insurance Services Ltd Health Check
Pomanda's financial health check has awarded Fmb Insurance Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £780k, make it smaller than the average company (£1.1m)
£780k - Fmb Insurance Services Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.5%)
-11% - Fmb Insurance Services Ltd
4.5% - Industry AVG
Production
with a gross margin of 97.3%, this company has a lower cost of product (41.6%)
97.3% - Fmb Insurance Services Ltd
41.6% - Industry AVG
Profitability
an operating margin of -47.5% make it less profitable than the average company (6.9%)
-47.5% - Fmb Insurance Services Ltd
6.9% - Industry AVG
Employees
with 14 employees, this is similar to the industry average (15)
14 - Fmb Insurance Services Ltd
15 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Fmb Insurance Services Ltd
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £55.7k, this is less efficient (£95.7k)
£55.7k - Fmb Insurance Services Ltd
£95.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Fmb Insurance Services Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 139 days, this is slower than average (43 days)
139 days - Fmb Insurance Services Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fmb Insurance Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (43 weeks)
9 weeks - Fmb Insurance Services Ltd
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 183.5%, this is a higher level of debt than the average (48%)
183.5% - Fmb Insurance Services Ltd
48% - Industry AVG
FMB INSURANCE SERVICES LTD financials
Fmb Insurance Services Ltd's latest turnover from December 2022 is £780 thousand and the company has net assets of -£276.8 thousand. According to their latest financial statements, Fmb Insurance Services Ltd has 14 employees and maintains cash reserves of £66 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 779,961 | 1,187,932 | 1,179,015 | 1,114,636 | 902,638 | 814,375 | 589,545 | 515,529 | 490,620 | 589,433 | 484,207 | 515,584 | 578,076 | 606,582 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,812 | 27,276 | 59,137 | 68,510 | 29,924 | 49,945 | 48,108 | 57,221 | 82,983 | 58,956 | 39,842 | 62,030 | 77,042 | 98,771 |
| Gross Profit | 759,149 | 1,160,656 | 1,119,878 | 1,046,126 | 872,714 | 764,430 | 541,437 | 458,308 | 407,637 | 530,477 | 444,365 | 453,554 | 501,034 | 507,811 |
| Admin Expenses | 1,129,441 | 1,239,909 | 1,072,096 | 1,044,854 | 856,031 | 761,494 | 594,398 | 428,804 | 348,094 | 561,193 | 486,775 | 469,410 | 457,895 | |
| Operating Profit | -370,292 | -79,253 | 47,782 | 1,272 | 16,683 | 2,936 | -52,961 | 29,504 | 59,543 | -30,716 | -42,410 | -15,856 | 49,916 | |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 272 |
| Interest Receivable | 92 | 44 | 164 | 271 | 74 | 6 | 8 | 5 | 0 | 18 | 2 | 0 | 0 | 0 |
| Pre-Tax Profit | -370,200 | -79,209 | 47,946 | 1,543 | 16,757 | 2,942 | -52,953 | 29,509 | 59,543 | -30,697 | -42,408 | -15,856 | -1,405 | 49,644 |
| Tax | 0 | 39,762 | -5,664 | -13 | 0 | 0 | 0 | -2,954 | -345 | 0 | 0 | 0 | 0 | -9,629 |
| Profit After Tax | -370,200 | -39,447 | 42,282 | 1,530 | 16,757 | 2,942 | -52,953 | 26,555 | 59,198 | -30,697 | -42,408 | -15,856 | -1,405 | 40,015 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -370,200 | -39,447 | 42,282 | 1,530 | 16,757 | 2,942 | -52,953 | 26,555 | 59,198 | -30,697 | -42,408 | -15,856 | -1,405 | 40,015 |
| Employee Costs | 225,380 | 195,251 | 306,737 | 187,350 | 181,878 | 176,654 | 194,850 | |||||||
| Number Of Employees | 14 | 17 | 17 | 16 | 14 | 11 | 9 | 7 | 7 | 5 | 4 | 5 | 5 | 5 |
| EBITDA* | -328,845 | -964 | 125,432 | 76,967 | 83,006 | 61,699 | -15,955 | 36,925 | 61,465 | -30,716 | -42,410 | -15,856 | 49,916 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 7,279 | 16,175 | 29,918 | 43,856 | 40,285 | 30,282 | 37,041 | 47,543 | 10,115 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 17,133 | 49,684 | 90,352 | 126,919 | 115,465 | 83,487 | 88,828 | 82,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,600 | 7,200 | 10,800 | 14,400 | 18,000 | 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 |
| Total Fixed Assets | 28,012 | 73,059 | 131,070 | 185,175 | 173,750 | 113,769 | 125,869 | 130,043 | 10,115 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 4,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,400 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,093 | 215,302 | 258,509 | 338,332 | 374,289 | 432,102 |
| Misc Debtors | 237,326 | 303,199 | 296,640 | 326,742 | 351,347 | 288,248 | 188,461 | 67,650 | 41,402 | 982 | 8,857 | 11,128 | 79 | 17,260 |
| Cash | 65,968 | 585,496 | 1,265,542 | 563,642 | 460,553 | 487,619 | 334,131 | 441,946 | 246,899 | 93,486 | 23,161 | 9,922 | 15,760 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 303,294 | 892,995 | 1,562,182 | 890,384 | 811,900 | 775,867 | 522,592 | 509,596 | 308,394 | 333,170 | 290,527 | 359,382 | 390,128 | 449,362 |
| total assets | 331,306 | 966,054 | 1,693,252 | 1,075,559 | 985,650 | 889,636 | 648,461 | 639,639 | 318,509 | 333,170 | 290,527 | 359,382 | 390,128 | 449,362 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,061 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,940 | 11,296 | 5,614 | 32,568 | 11,707 | 5,221 | 9,754 | 28,743 | 12,725 | 18,876 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 291,103 | 138,761 | 558,701 | 520,456 | 422,128 | 369,340 | 354,831 | 168,338 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 64,084 | 477,618 | 990,447 | 432,002 | 462,812 | 442,829 | 214,572 | 320,301 | 210,082 | 277,790 | 223,326 | 249,773 | 264,663 | 304,431 |
| total current liabilities | 363,127 | 627,675 | 1,554,762 | 985,026 | 896,647 | 817,390 | 579,157 | 517,382 | 222,807 | 296,666 | 223,326 | 249,773 | 264,663 | 322,492 |
| loans | 245,000 | 245,000 | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 5,664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 245,000 | 245,000 | 5,664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 608,127 | 872,675 | 1,560,426 | 985,026 | 896,647 | 817,390 | 579,157 | 517,382 | 222,807 | 296,666 | 223,326 | 249,773 | 264,663 | 322,492 |
| net assets | -276,821 | 93,379 | 132,826 | 90,533 | 89,003 | 72,246 | 69,304 | 122,257 | 95,702 | 36,504 | 67,201 | 109,609 | 125,465 | 126,870 |
| total shareholders funds | -276,821 | 93,379 | 132,826 | 90,533 | 89,003 | 72,246 | 69,304 | 122,257 | 95,702 | 36,504 | 67,201 | 109,609 | 125,465 | 126,870 |
| 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 | -370,292 | -79,253 | 47,782 | 1,272 | 16,683 | 2,936 | -52,961 | 29,504 | 59,543 | -30,716 | -42,410 | -15,856 | 49,916 | |
| Depreciation | 8,896 | 14,581 | 16,123 | 13,590 | 15,919 | 15,687 | 15,604 | 7,421 | 1,922 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 32,551 | 63,708 | 61,527 | 62,105 | 50,404 | 43,076 | 21,402 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 39,762 | -5,664 | -13 | 0 | 0 | 0 | -2,954 | -345 | 0 | 0 | 0 | 0 | -9,629 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -70,173 | 10,859 | -30,102 | -24,605 | 63,099 | 99,787 | 120,811 | 6,155 | -178,189 | -27,682 | -82,094 | -24,908 | -74,994 | 449,362 |
| Creditors | -3,356 | 5,682 | -26,954 | 20,861 | 6,486 | -4,533 | -18,989 | 16,018 | -6,151 | 18,876 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -413,534 | -512,829 | 558,445 | -30,810 | 19,983 | 228,257 | -105,729 | 110,219 | -67,708 | 54,464 | -26,447 | -14,890 | -39,768 | 304,431 |
| Deferred Taxes & Provisions | 0 | -5,664 | 5,664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -675,562 | -484,872 | 687,025 | 91,610 | 46,376 | 185,636 | -261,484 | 154,053 | 165,450 | 70,306 | 13,237 | -5,838 | -104,644 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -3,600 | -3,600 | -3,600 | -3,600 | 18,000 | 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 |
| Group/Directors Accounts | 152,342 | -419,940 | 38,245 | 98,328 | 52,788 | 14,509 | 186,493 | 168,338 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 245,000 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 92 | 44 | 164 | 271 | 74 | 6 | 8 | 5 | 0 | 18 | 2 | 0 | 0 | -272 |
| cash flow from financing | 152,434 | -174,896 | 38,420 | 98,599 | 52,862 | 14,515 | 186,501 | 168,343 | 0 | 18 | 2 | 0 | 0 | 86,583 |
| cash and cash equivalents | ||||||||||||||
| cash | -519,528 | -680,046 | 701,900 | 103,089 | -27,066 | 153,488 | -107,815 | 195,047 | 153,413 | 70,325 | 13,239 | -5,838 | 15,760 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,061 | 18,061 |
| change in cash | -519,528 | -680,046 | 701,900 | 103,089 | -27,066 | 153,488 | -107,815 | 195,047 | 153,413 | 70,325 | 13,239 | -5,838 | 33,821 | -18,061 |
fmb insurance services ltd Credit Report and Business Information
Fmb Insurance Services Ltd Competitor Analysis
Perform a competitor analysis for fmb insurance services ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in ME1 area or any other competitors across 12 key performance metrics.
fmb insurance services ltd Ownership
FMB INSURANCE SERVICES LTD group structure
Fmb Insurance Services Ltd has no subsidiary companies.
Ultimate parent company
1 parent
FMB INSURANCE SERVICES LTD
01520341
fmb insurance services ltd directors
Fmb Insurance Services Ltd currently has 3 directors. The longest serving directors include Mr Peter Matson (Mar 2015) and Mr Arthur McArdle (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Matson | England | 70 years | Mar 2015 | - | Director |
| Mr Arthur McArdle | United Kingdom | 76 years | Jul 2018 | - | Director |
| Mrs Janet Etchells | England | 67 years | Nov 2019 | - | Director |
P&L
December 2022turnover
780k
-34%
operating profit
-370.3k
+367%
gross margin
97.4%
-0.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-276.8k
-3.96%
total assets
331.3k
-0.66%
cash
66k
-0.89%
net assets
Total assets minus all liabilities
Similar Companies
fmb insurance services ltd company details
company number
01520341
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 1980
age
44
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
national register of warranted builders (fmb) limited (February 2014)
last accounts submitted
December 2022
address
star house star hill, rochester, kent, ME1 1UX
accountant
-
auditor
CROWE UK LLP
fmb insurance services ltd 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 fmb insurance services ltd.
fmb insurance services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
