financial insurance group services limited
financial insurance group services limited Company Information
Company Number
01670707
Website
-Registered Address
building 6 chiswick park, 566 chiswick high road, london, W4 5HR
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
2182 days late
Group Structure
View All
Shareholders
axa partners sas 100%
financial insurance group services limited Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL INSURANCE GROUP SERVICES LIMITED at £87.1m based on a Turnover of £69.8m and 1.25x industry multiple (adjusted for size and gross margin).
financial insurance group services limited Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL INSURANCE GROUP SERVICES LIMITED at £93.8m based on an EBITDA of £9.5m and a 9.82x industry multiple (adjusted for size and gross margin).
financial insurance group services limited Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL INSURANCE GROUP SERVICES LIMITED at £17.7m based on Net Assets of £34m and 0.52x industry multiple (adjusted for liquidity).
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Financial Insurance Group Services Limited Overview
Financial Insurance Group Services Limited is a converted/closed company that was located in london, W4 5HR with a Companies House number of 01670707. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 1982, it's largest shareholder was axa partners sas with a 100% stake. The last turnover for Financial Insurance Group Services Limited was estimated at £69.8m.
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Financial Insurance Group Services Limited Health Check
Pomanda's financial health check has awarded Financial Insurance Group Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £69.8m, make it larger than the average company (£2.1m)
£69.8m - Financial Insurance Group Services Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.1%)
-6% - Financial Insurance Group Services Limited
4.1% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
38.2% - Financial Insurance Group Services Limited
38.2% - Industry AVG
Profitability
an operating margin of 4.8% make it less profitable than the average company (6.4%)
4.8% - Financial Insurance Group Services Limited
6.4% - Industry AVG
Employees
with 468 employees, this is above the industry average (22)
468 - Financial Insurance Group Services Limited
22 - Industry AVG
Pay Structure
on an average salary of £70k, the company has a higher pay structure (£41.9k)
£70k - Financial Insurance Group Services Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £149.2k, this is equally as efficient (£142.1k)
£149.2k - Financial Insurance Group Services Limited
£142.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Financial Insurance Group Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Financial Insurance Group Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Financial Insurance Group Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (22 weeks)
21 weeks - Financial Insurance Group Services Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.3%, this is a lower level of debt than the average (68.8%)
48.3% - Financial Insurance Group Services Limited
68.8% - Industry AVG
FINANCIAL INSURANCE GROUP SERVICES LIMITED financials
Financial Insurance Group Services Limited's latest turnover from December 2016 is £69.8 million and the company has net assets of £34 million. According to their latest financial statements, Financial Insurance Group Services Limited has 468 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 69,831,000 | 74,044,000 | 81,443,000 | 83,281,000 | 86,314,000 | 92,053,000 | 84,390,000 | 73,376,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 3,317,000 | -13,078,000 | 5,069,000 | 9,660,000 | 8,131,000 | 7,060,000 | 5,677,000 | 3,374,000 |
| Interest Payable | 320,000 | 352,000 | 264,000 | 293,000 | 269,000 | 299,000 | 404,000 | 1,281,000 |
| Interest Receivable | 175,000 | 14,000 | 75,000 | 1,160,000 | 845,000 | 750,000 | 58,000 | 543,000 |
| Pre-Tax Profit | 2,775,000 | -13,587,000 | 4,806,000 | 10,018,000 | 8,097,000 | 6,141,000 | 3,981,000 | 1,791,000 |
| Tax | -654,000 | 1,830,000 | -1,073,000 | -2,282,000 | -1,411,000 | -2,909,000 | -177,000 | -3,420,000 |
| Profit After Tax | 2,121,000 | -11,757,000 | 3,733,000 | 7,736,000 | 6,686,000 | 3,232,000 | 3,804,000 | -1,629,000 |
| Dividends Paid | 0 | 0 | 7,500,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,121,000 | -11,757,000 | -3,767,000 | 7,736,000 | 6,686,000 | 3,232,000 | 3,804,000 | -1,629,000 |
| Employee Costs | 32,775,000 | 50,662,000 | 39,016,000 | 39,372,000 | 42,394,000 | 45,803,000 | 40,375,000 | 35,660,000 |
| Number Of Employees | 468 | 494 | 508 | 531 | 591 | 550 | 556 | 534 |
| EBITDA* | 9,547,000 | -6,232,000 | 11,144,000 | 16,131,000 | 13,853,000 | 13,008,000 | 11,114,000 | 9,041,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 16,039,000 | 15,293,000 | 17,226,000 | 7,894,000 | 2,455,000 | 3,182,000 | 4,367,000 | 5,158,000 |
| Intangible Assets | 11,093,000 | 12,852,000 | 14,369,000 | 15,201,000 | 15,142,000 | 12,385,000 | 12,541,000 | 12,392,000 |
| Investments & Other | 1,383,000 | 1,383,000 | 1,383,000 | 1,383,000 | 3,396,000 | 1,372,000 | 1,708,000 | 1,274,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,515,000 | 29,528,000 | 32,978,000 | 24,478,000 | 20,993,000 | 16,939,000 | 18,616,000 | 18,824,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 7,000 | 0 | 0 | 389,000 | 2,344,000 |
| Group Debtors | 17,624,000 | 3,403,000 | 8,712,000 | 6,748,000 | 12,676,000 | 14,536,000 | 13,442,000 | 10,884,000 |
| Misc Debtors | 8,853,000 | 6,711,000 | 4,093,000 | 3,192,000 | 2,345,000 | 3,982,000 | 10,227,000 | 11,475,000 |
| Cash | 10,796,000 | 11,908,000 | 8,237,000 | 16,449,000 | 15,585,000 | 11,915,000 | 4,947,000 | 12,520,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 37,273,000 | 22,022,000 | 21,042,000 | 26,396,000 | 30,606,000 | 30,433,000 | 29,005,000 | 37,223,000 |
| total assets | 65,788,000 | 51,550,000 | 54,020,000 | 50,874,000 | 51,599,000 | 47,372,000 | 47,621,000 | 56,047,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 14,272,000 | 0 | 0 | 1,077,000 |
| Group/Directors Accounts | 4,766,000 | 1,000,000 | 8,459,000 | 2,011,000 | 0 | 541,000 | 2,982,000 | 13,937,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,647,000 | 15,983,000 | 12,950,000 | 11,697,000 | 0 | 16,907,000 | 15,243,000 | 16,120,000 |
| total current liabilities | 26,413,000 | 16,983,000 | 21,409,000 | 13,708,000 | 14,272,000 | 17,448,000 | 18,225,000 | 31,134,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,389,000 | 5,335,000 | 5,401,000 | 3,523,000 | 0 | 0 | 0 | 3,732,000 |
| total liabilities | 31,802,000 | 22,318,000 | 26,810,000 | 17,231,000 | 14,272,000 | 17,448,000 | 18,225,000 | 34,866,000 |
| net assets | 33,986,000 | 29,232,000 | 27,210,000 | 33,643,000 | 37,327,000 | 29,924,000 | 29,396,000 | 21,181,000 |
| total shareholders funds | 33,986,000 | 29,232,000 | 27,210,000 | 33,643,000 | 37,327,000 | 29,924,000 | 29,396,000 | 21,181,000 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 3,317,000 | -13,078,000 | 5,069,000 | 9,660,000 | 8,131,000 | 7,060,000 | 5,677,000 | 3,374,000 |
| Depreciation | 1,482,000 | 2,082,000 | 1,311,000 | 1,161,000 | 1,177,000 | 1,547,000 | 1,381,000 | 1,685,000 |
| Amortisation | 4,748,000 | 4,764,000 | 4,764,000 | 5,310,000 | 4,545,000 | 4,401,000 | 4,056,000 | 3,982,000 |
| Tax | -654,000 | 1,830,000 | -1,073,000 | -2,282,000 | -1,411,000 | -2,909,000 | -177,000 | -3,420,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 16,363,000 | -2,691,000 | 2,858,000 | -5,074,000 | -3,497,000 | -5,540,000 | -645,000 | 24,703,000 |
| Creditors | 0 | 0 | 0 | -14,272,000 | 14,272,000 | 0 | -1,077,000 | 1,077,000 |
| Accruals and Deferred Income | 5,664,000 | 3,033,000 | 1,253,000 | 11,697,000 | -16,907,000 | 1,664,000 | -877,000 | 16,120,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,806,000 | 1,322,000 | 8,466,000 | 16,348,000 | 13,304,000 | 17,303,000 | 9,628,000 | -1,885,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | -2,013,000 | 2,024,000 | -336,000 | 434,000 | 1,274,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,766,000 | -7,459,000 | 6,448,000 | 2,011,000 | -541,000 | -2,441,000 | -10,955,000 | 13,937,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -145,000 | -338,000 | -189,000 | 867,000 | 576,000 | 451,000 | -346,000 | -738,000 |
| cash flow from financing | 6,254,000 | 5,982,000 | 3,593,000 | -8,542,000 | 752,000 | -4,694,000 | -6,890,000 | 36,009,000 |
| cash and cash equivalents | ||||||||
| cash | -1,112,000 | 3,671,000 | -8,212,000 | 864,000 | 3,670,000 | 6,968,000 | -7,573,000 | 12,520,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,112,000 | 3,671,000 | -8,212,000 | 864,000 | 3,670,000 | 6,968,000 | -7,573,000 | 12,520,000 |
financial insurance group services limited Credit Report and Business Information
Financial Insurance Group Services Limited Competitor Analysis
Perform a competitor analysis for financial insurance group services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in W 4 area or any other competitors across 12 key performance metrics.
financial insurance group services limited Ownership
FINANCIAL INSURANCE GROUP SERVICES LIMITED group structure
Financial Insurance Group Services Limited has no subsidiary companies.
Ultimate parent company
FINANCIAL INSURANCE GROUP SERVICES LIMITED
01670707
financial insurance group services limited directors
Financial Insurance Group Services Limited currently has 2 directors. The longest serving directors include Mr Jeffrey Whiteus (Jan 2009) and Mr James Rember (May 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeffrey Whiteus | 67 years | Jan 2009 | - | Director | |
| Mr James Rember | United Kingdom | 57 years | May 2010 | - | Director |
P&L
December 2016turnover
69.8m
-6%
operating profit
3.3m
-125%
gross margin
38.2%
+4.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
34m
+0.16%
total assets
65.8m
+0.28%
cash
10.8m
-0.09%
net assets
Total assets minus all liabilities
Similar Companies
financial insurance group services limited company details
company number
01670707
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 1982
age
42
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2016
address
building 6 chiswick park, 566 chiswick high road, london, W4 5HR
accountant
-
auditor
-
financial insurance group 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 financial insurance group services limited.
financial insurance group services limited Companies House Filings - See Documents
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