ec insurance services limited
ec insurance services limited Company Information
Company Number
01534505
Next Accounts
Sep 2025
Shareholders
ec insurance holdings ltd
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
eca court 24-26 south park, sevenoaks, kent, TN13 1DU
Website
www.ecins.co.ukec insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of EC INSURANCE SERVICES LIMITED at £3.1m based on a Turnover of £3.2m and 0.97x industry multiple (adjusted for size and gross margin).
ec insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of EC INSURANCE SERVICES LIMITED at £10.1m based on an EBITDA of £1.9m and a 5.42x industry multiple (adjusted for size and gross margin).
ec insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of EC INSURANCE SERVICES LIMITED at £4.5m based on Net Assets of £2.6m and 1.72x industry multiple (adjusted for liquidity).
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Ec Insurance Services Limited Overview
Ec Insurance Services Limited is a live company located in kent, TN13 1DU with a Companies House number of 01534505. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in December 1980, it's largest shareholder is ec insurance holdings ltd with a 100% stake. Ec Insurance Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with low growth in recent years.
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Ec Insurance Services Limited Health Check
Pomanda's financial health check has awarded Ec Insurance Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £3.2m, make it in line with the average company (£3m)
£3.2m - Ec Insurance Services Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.8%)
1% - Ec Insurance Services Limited
6.8% - Industry AVG
Production
with a gross margin of 95%, this company has a comparable cost of product (95%)
95% - Ec Insurance Services Limited
95% - Industry AVG
Profitability
an operating margin of 58.2% make it more profitable than the average company (19.6%)
58.2% - Ec Insurance Services Limited
19.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (19)
6 - Ec Insurance Services Limited
19 - Industry AVG
Pay Structure
on an average salary of £83.7k, the company has a higher pay structure (£52.4k)
£83.7k - Ec Insurance Services Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £527.7k, this is more efficient (£126.4k)
£527.7k - Ec Insurance Services Limited
£126.4k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (73 days)
29 days - Ec Insurance Services Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 6845 days, this is slower than average (150 days)
6845 days - Ec Insurance Services Limited
150 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ec Insurance Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 88 weeks, this is more cash available to meet short term requirements (33 weeks)
88 weeks - Ec Insurance Services Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.4%, this is a similar level of debt than the average (58.1%)
55.4% - Ec Insurance Services Limited
58.1% - Industry AVG
EC INSURANCE SERVICES LIMITED financials
Ec Insurance Services Limited's latest turnover from December 2023 is £3.2 million and the company has net assets of £2.6 million. According to their latest financial statements, Ec Insurance Services Limited has 6 employees and maintains cash reserves of £5.6 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 | 3,166,246 | 2,881,074 | 3,711,005 | 3,055,728 | 3,637,422 | 3,355,592 | 3,928,583 | 3,104,251 | 2,798,593 | 3,373,360 | 4,034,476 | 3,451,100 | 4,932,964 | 4,474,000 | 4,683,103 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 36,922 | 67,817 | 66,423 | 327,563 | 1,643,473 | 402,055 | 178,453 | ||||||||
| Gross Profit | 2,761,671 | 3,305,543 | 3,968,053 | 3,123,537 | 3,289,491 | 4,071,945 | 4,504,650 | ||||||||
| Admin Expenses | 1,544,681 | 1,734,188 | 1,855,292 | 2,081,304 | 2,639,890 | 1,782,145 | 757,366 | ||||||||
| Operating Profit | 1,841,273 | 1,670,891 | 2,531,002 | 1,860,006 | 2,439,960 | 1,954,671 | 2,090,981 | 1,248,628 | 1,216,990 | 1,571,355 | 2,112,761 | 1,042,233 | 649,601 | 2,289,800 | 3,747,284 |
| Interest Payable | |||||||||||||||
| Interest Receivable | 329 | 1,054 | 247 | 331 | 4,950 | 11,966 | 29,457 | 31,784 | 26,531 | 231,899 | |||||
| Pre-Tax Profit | 1,956,435 | 1,698,940 | 2,531,002 | 1,860,437 | 2,440,414 | 1,955,000 | 2,092,035 | 1,248,875 | 1,217,321 | 1,576,305 | 2,124,727 | 2,871,237 | -3,234,403 | 2,723,264 | 3,979,183 |
| Tax | -460,512 | -323,231 | -465,216 | -341,913 | -465,021 | -377,777 | -404,589 | -238,747 | -258,638 | -309,522 | -523,127 | -251,253 | 364,853 | -614,227 | -1,063,067 |
| Profit After Tax | 1,495,923 | 1,375,709 | 2,065,786 | 1,518,524 | 1,975,393 | 1,577,223 | 1,687,446 | 1,010,128 | 958,683 | 1,266,783 | 1,601,600 | 2,619,984 | -2,869,550 | 2,109,037 | 2,916,116 |
| Dividends Paid | 1,375,000 | 2,010,000 | 1,500,000 | 1,500,000 | 900,000 | 1,967,000 | 1,401,600 | 1,000,000 | 7,851,755 | 1,300,000 | 4,000,000 | ||||
| Retained Profit | 120,923 | -634,291 | 565,786 | 1,518,524 | 1,975,393 | 1,577,223 | 187,446 | 110,128 | -1,008,317 | -134,817 | 601,600 | -5,231,771 | -2,869,550 | 809,037 | -1,083,884 |
| Employee Costs | 502,235 | 486,910 | 501,238 | 539,847 | 563,385 | 540,516 | 831,120 | 879,687 | 823,800 | 801,779 | 872,930 | 929,890 | 923,977 | 657,308 | 132,608 |
| Number Of Employees | 6 | 5 | 5 | 5 | 6 | 6 | 12 | 13 | 12 | 7 | 7 | 10 | 20 | 11 | 3 |
| EBITDA* | 1,867,507 | 1,716,155 | 2,611,197 | 1,934,825 | 2,488,818 | 2,172,795 | 2,329,988 | 1,456,192 | 1,251,671 | 1,572,762 | 2,121,225 | 1,051,851 | 675,585 | 2,296,848 | 3,750,612 |
* 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 | 1,949 | 4,873 | 7,798 | 4,418 | 9,076 | 250,600 | 380,835 | 569,919 | 1,575 | 1,795 | 7,910 | 47,930 | 15,227 | 8,246 | |
| Intangible Assets | 14,340 | 26,940 | 47,680 | 49,600 | 17,000 | 48,000 | 25,500 | ||||||||
| Investments & Other | 25,500 | 25,500 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 16,289 | 31,813 | 55,478 | 49,600 | 21,418 | 57,076 | 250,600 | 380,835 | 569,919 | 1,575 | 1,795 | 7,910 | 73,430 | 40,727 | 33,746 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 256,059 | 328,883 | 1,060,227 | 1,393,979 | 1,688,137 | 1,864,339 | 715,545 | 1,078,079 | 373,482 | 175,989 | 211,004 | 241,640 | 227,818 | 162,529 | 176,706 |
| Group Debtors | 304,707 | 1,906,768 | 967,936 | 69,819 | |||||||||||
| Misc Debtors | 51,804 | 54,474 | 54,545 | 53,949 | 61,602 | 55,405 | 40,639 | 41,446 | 158,349 | 6,946 | 159,969 | 155,128 | 549,342 | 1,050,002 | |
| Cash | 5,588,445 | 5,782,555 | 6,772,390 | 4,693,845 | 6,032,869 | 5,549,354 | 3,808,390 | 3,005,709 | 4,525,310 | 6,256,227 | 5,856,487 | 3,341,975 | 6,359,077 | 4,707,182 | 2,180,976 |
| misc current assets | 1,065,015 | 8,053,159 | 8,291,144 | ||||||||||||
| total current assets | 5,896,308 | 6,165,912 | 7,887,162 | 6,141,773 | 7,782,608 | 7,469,098 | 4,564,574 | 4,125,234 | 5,057,141 | 6,439,162 | 6,227,460 | 4,043,450 | 9,558,678 | 14,440,148 | 11,768,647 |
| total assets | 5,912,597 | 6,197,725 | 7,942,640 | 6,191,373 | 7,804,026 | 7,526,174 | 4,815,174 | 4,506,069 | 5,627,060 | 6,440,737 | 6,229,255 | 4,051,360 | 9,632,108 | 14,480,875 | 11,802,393 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,978,389 | 3,337,597 | 4,275,091 | 3,126,053 | 3,996,862 | 4,371,455 | 3,299,835 | 3,210,640 | 3,832,381 | 2,954,151 | 2,948,131 | 508,664 | 607,849 | 202,578 | 239,695 |
| Group/Directors Accounts | 28,468 | 28,632 | 21,998 | 450,569 | 710,446 | 529,503 | 502,244 | 469,781 | 536,391 | 729,233 | 319,154 | 425,256 | 84,329 | 3,920,550 | 2,221,291 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 269,089 | 315,768 | 495,532 | 30,517 | 31,008 | 34,899 | 1 | 542,768 | 1,033,516 | 1,103,316 | 1,860,386 | 2,451,105 | 999,372 | 792,069 | |
| total current liabilities | 3,275,946 | 3,681,997 | 4,792,621 | 3,607,139 | 4,738,316 | 4,935,857 | 3,802,080 | 3,680,421 | 4,911,540 | 4,716,900 | 4,370,601 | 2,794,306 | 3,143,283 | 5,122,500 | 3,253,055 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 3,275,946 | 3,681,997 | 4,792,621 | 3,607,139 | 4,738,316 | 4,935,857 | 3,802,080 | 3,680,421 | 4,911,540 | 4,716,900 | 4,370,601 | 2,794,306 | 3,143,283 | 5,122,500 | 3,253,055 |
| net assets | 2,636,651 | 2,515,728 | 3,150,019 | 2,584,234 | 3,065,710 | 2,590,317 | 1,013,094 | 825,648 | 715,520 | 1,723,837 | 1,858,654 | 1,257,054 | 6,488,825 | 9,358,375 | 8,549,338 |
| total shareholders funds | 2,636,651 | 2,515,728 | 3,150,019 | 2,584,234 | 3,065,710 | 2,590,317 | 1,013,094 | 825,648 | 715,520 | 1,723,837 | 1,858,654 | 1,257,054 | 6,488,825 | 9,358,375 | 8,549,338 |
| 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 | 1,841,273 | 1,670,891 | 2,531,002 | 1,860,006 | 2,439,960 | 1,954,671 | 2,090,981 | 1,248,628 | 1,216,990 | 1,571,355 | 2,112,761 | 1,042,233 | 649,601 | 2,289,800 | 3,747,284 |
| Depreciation | 2,924 | 2,924 | 40,515 | 39,619 | 4,658 | 218,124 | 239,007 | 207,564 | 34,681 | 1,407 | 8,464 | 9,618 | 25,984 | 7,048 | 3,328 |
| Amortisation | 23,310 | 42,340 | 39,680 | 35,200 | 44,200 | ||||||||||
| Tax | -460,512 | -323,231 | -465,216 | -341,913 | -465,021 | -377,777 | -404,589 | -238,747 | -258,638 | -309,522 | -523,127 | -251,253 | 364,853 | -614,227 | -1,063,067 |
| Stock | |||||||||||||||
| Debtors | -75,494 | -731,415 | -333,156 | -301,811 | -170,005 | 1,163,560 | -363,341 | 587,694 | 348,896 | -188,038 | -330,502 | -1,433,111 | 454,779 | 383,280 | 1,296,527 |
| Creditors | -359,208 | -937,494 | 1,149,038 | -870,809 | -374,593 | 1,071,620 | 89,195 | -621,741 | 878,230 | 6,020 | 2,439,467 | -99,185 | 405,271 | -37,117 | 239,695 |
| Accruals and Deferred Income | -46,679 | -179,764 | 465,015 | -491 | -3,891 | 34,898 | 1 | -542,768 | -490,748 | -69,800 | -757,070 | -590,719 | 1,451,733 | 207,303 | 792,069 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 1,076,602 | 1,007,081 | 4,093,190 | 1,023,423 | 1,815,318 | 1,737,976 | 2,377,936 | -534,758 | 1,031,619 | 1,387,498 | 3,610,997 | 1,543,805 | 1,469,527 | 2,422,782 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -25,500 | 25,500 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -164 | 6,634 | -428,571 | -259,877 | 180,943 | 27,259 | 32,463 | -66,610 | -192,842 | 410,079 | -106,102 | 340,927 | -3,836,221 | 1,699,259 | 2,221,291 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 329 | 1,054 | 247 | 331 | 4,950 | 11,966 | 29,457 | 31,784 | 26,531 | 231,899 | |||||
| cash flow from financing | -164 | 6,634 | -428,572 | -2,259,877 | -1,319,057 | 27,588 | 33,517 | -66,363 | -192,511 | 415,029 | -94,136 | 370,384 | -3,804,437 | 1,725,790 | 12,086,412 |
| cash and cash equivalents | |||||||||||||||
| cash | -194,110 | -989,835 | 2,078,545 | -1,339,024 | 483,515 | 1,740,964 | 802,681 | -1,519,601 | -1,730,917 | 399,740 | 2,514,512 | -3,017,102 | 1,651,895 | 2,526,206 | 2,180,976 |
| overdraft | |||||||||||||||
| change in cash | -194,110 | -989,835 | 2,078,545 | -1,339,024 | 483,515 | 1,740,964 | 802,681 | -1,519,601 | -1,730,917 | 399,740 | 2,514,512 | -3,017,102 | 1,651,895 | 2,526,206 | 2,180,976 |
ec insurance services limited Credit Report and Business Information
Ec Insurance Services Limited Competitor Analysis
Perform a competitor analysis for ec insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in TN13 area or any other competitors across 12 key performance metrics.
ec insurance services limited Ownership
EC INSURANCE SERVICES LIMITED group structure
Ec Insurance Services Limited has 1 subsidiary company.
Ultimate parent company
2 parents
EC INSURANCE SERVICES LIMITED
01534505
1 subsidiary
ec insurance services limited directors
Ec Insurance Services Limited currently has 4 directors. The longest serving directors include Mr Stephen Bratt (Nov 2013) and Mr Garry Fearn (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Bratt | England | 60 years | Nov 2013 | - | Director |
| Mr Garry Fearn | England | 74 years | Dec 2013 | - | Director |
| Mr Hugh Wright | 42 years | Jan 2018 | - | Director | |
| Mr Terence Foreman | 59 years | Apr 2021 | - | Director |
P&L
December 2023turnover
3.2m
+10%
operating profit
1.8m
+10%
gross margin
95%
+0.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.6m
+0.05%
total assets
5.9m
-0.05%
cash
5.6m
-0.03%
net assets
Total assets minus all liabilities
ec insurance services limited company details
company number
01534505
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
December 1980
age
45
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
electrical contractors insurance services limited (March 2015)
electrical contractors' insurance brokers limited (February 1982)
accountant
-
auditor
AZETS AUDIT SERVICES
address
eca court 24-26 south park, sevenoaks, kent, TN13 1DU
Bank
NATWEST GROUP
Legal Advisor
-
ec insurance services 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 ec insurance services limited.
ec insurance services limited Capital Raised & Share Issues BETA
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ec insurance services limited Companies House Filings - See Documents
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