xl insurance company plc
xl insurance company plc Company Information
Company Number
01884214
Next Accounts
3563 days late
Shareholders
xl insurance (uk) holdings ltd
Group Structure
View All
Industry
Non-life insurance
Registered Address
xl house 70 gracechurch street, london, EC3V 0XL
Website
xlinsurance.comxl insurance company plc Estimated Valuation
Pomanda estimates the enterprise value of XL INSURANCE COMPANY PLC at £472.7m based on a Turnover of £414.6m and 1.14x industry multiple (adjusted for size and gross margin).
xl insurance company plc Estimated Valuation
Pomanda estimates the enterprise value of XL INSURANCE COMPANY PLC at £0 based on an EBITDA of £-105.6m and a 12.56x industry multiple (adjusted for size and gross margin).
xl insurance company plc Estimated Valuation
Pomanda estimates the enterprise value of XL INSURANCE COMPANY PLC at £888.1m based on Net Assets of £542.2m and 1.64x industry multiple (adjusted for liquidity).
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Xl Insurance Company Plc Overview
Xl Insurance Company Plc is a converted/closed company that was located in london, EC3V 0XL with a Companies House number of 01884214. It operated in the non-life insurance sector, SIC Code 65120. Founded in February 1985, it's largest shareholder was xl insurance (uk) holdings ltd with a 100% stake. The last turnover for Xl Insurance Company Plc was estimated at £414.6m.
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Xl Insurance Company Plc Health Check
Pomanda's financial health check has awarded Xl Insurance Company Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £414.6m, make it larger than the average company (£1.4m)
£414.6m - Xl Insurance Company Plc
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (0.8%)
11% - Xl Insurance Company Plc
0.8% - Industry AVG
Production
with a gross margin of 77.2%, this company has a comparable cost of product (77.2%)
77.2% - Xl Insurance Company Plc
77.2% - Industry AVG
Profitability
an operating margin of -25.5% make it less profitable than the average company (12.6%)
-25.5% - Xl Insurance Company Plc
12.6% - Industry AVG
Employees
with 403 employees, this is above the industry average (46)
403 - Xl Insurance Company Plc
46 - Industry AVG
Pay Structure
on an average salary of £107.3k, the company has a higher pay structure (£51.2k)
£107.3k - Xl Insurance Company Plc
£51.2k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£143k)
£1m - Xl Insurance Company Plc
£143k - Industry AVG
Debtor Days
it gets paid by customers after 374 days, this is later than average (189 days)
374 days - Xl Insurance Company Plc
189 days - Industry AVG
Creditor Days
its suppliers are paid after 898 days, this is slower than average (241 days)
898 days - Xl Insurance Company Plc
241 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Xl Insurance Company Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (18 weeks)
9 weeks - Xl Insurance Company Plc
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88%, this is a similar level of debt than the average (84.4%)
88% - Xl Insurance Company Plc
84.4% - Industry AVG
XL INSURANCE COMPANY PLC financials
Xl Insurance Company Plc's latest turnover from December 2013 is £414.6 million and the company has net assets of £542.2 million. According to their latest financial statements, Xl Insurance Company Plc has 403 employees and maintains cash reserves of £68.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|
| Turnover | 414,607,570 | 382,216,942 | 140,130,508 | 299,535,833 | 214,606,406 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | -126,500,901 | -10,484,188 | -31,950,847 | -21,000,000 | 69,312,857 |
| Tax | 19,629,690 | -350,647 | -104,237 | 10,117,500 | -26,171,128 |
| Profit After Tax | -106,871,211 | -10,834,835 | -32,055,085 | -10,882,500 | 43,141,729 |
| Dividends Paid | |||||
| Retained Profit | -106,871,211 | -10,834,835 | -32,055,085 | -10,882,500 | 43,141,729 |
| Employee Costs | 43,223,005 | 41,597,575 | 36,324,576 | 35,782,500 | 33,662,133 |
| Number Of Employees | 403 | 386 | 367 | 360 | 322 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|
| Tangible Assets | 3,901,444,372 | 3,645,931,509 | 3,684,924,576 | 3,516,630,000 | 3,355,369,022 |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 3,901,444,372 | 3,645,931,509 | 3,684,924,576 | 3,516,630,000 | 3,355,369,022 |
| Stock & work in progress | |||||
| Trade Debtors | 425,249,058 | 386,427,986 | 497,145,763 | 3,373,333 | 442,866,169 |
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | 68,895,625 | 88,738,325 | 185,483,898 | 31,235,000 | 51,135,586 |
| misc current assets | 14,173,357 | 11,358,348 | 9,033,898 | 13,107,500 | 12,179,903 |
| total current assets | 605,168,769 | 583,612,977 | 714,092,373 | 491,990,000 | 511,968,407 |
| total assets | 4,506,613,141 | 4,229,544,486 | 4,399,016,949 | 4,008,620,000 | 3,867,337,429 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 233,069,802 | 211,767,164 | 167,802,542 | 102,525,833 | 153,101,360 |
| Group/Directors Accounts | |||||
| other short term finances | 28,629,363 | 23,233,656 | 77,233,898 | 16,803,333 | 39,820,974 |
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 368,880,878 | 345,670,162 | 363,956,780 | 234,522,500 | 325,135,586 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 3,595,562,838 | 3,392,500,410 | 3,506,362,712 | 3,290,808,333 | 3,053,839,403 |
| total liabilities | 3,964,443,716 | 3,738,170,572 | 3,870,319,492 | 3,525,330,833 | 3,378,974,989 |
| net assets | 542,169,425 | 491,373,914 | 528,697,458 | 483,289,167 | 488,362,440 |
| total shareholders funds | 542,169,425 | 491,373,914 | 528,697,458 | 483,289,167 | 488,362,440 |
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 301,695 | 287,500 | |||
| Amortisation | |||||
| Tax | 19,629,690 | -350,647 | -104,237 | 10,117,500 | -26,171,128 |
| Stock | |||||
| Debtors | 38,821,072 | -110,717,776 | 493,772,429 | -439,492,836 | 442,866,169 |
| Creditors | 21,302,638 | 43,964,621 | 65,276,709 | -50,575,527 | 153,101,360 |
| Accruals and Deferred Income | |||||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | 5,395,707 | -54,000,243 | 60,430,565 | -23,017,641 | 39,820,974 |
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -19,842,700 | -96,745,573 | 154,248,898 | -19,900,586 | 51,135,586 |
| overdraft | |||||
| change in cash | -19,842,700 | -96,745,573 | 154,248,898 | -19,900,586 | 51,135,586 |
xl insurance company plc Credit Report and Business Information
Xl Insurance Company Plc Competitor Analysis
Perform a competitor analysis for xl insurance company plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
xl insurance company plc Ownership
XL INSURANCE COMPANY PLC group structure
Xl Insurance Company Plc has no subsidiary companies.
Ultimate parent company
XL INSURANCE COMPANY PLC
01884214
xl insurance company plc directors
Xl Insurance Company Plc currently has 9 directors. The longest serving directors include Mr Richard Hudson (Oct 2009) and Sir John Vereker (Oct 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Hudson | United Kingdom | 72 years | Oct 2009 | - | Director |
| Sir John Vereker | 80 years | Oct 2009 | - | Director | |
| Mr Paul Bradbrook | United Kingdom | 49 years | Jan 2010 | - | Director |
| Ms Carol Collins | United Kingdom | 58 years | Oct 2011 | - | Director |
| Mr Gavin Bruce-Smythe | 59 years | Oct 2011 | - | Director | |
| Mr Simon Barrett | United Kingdom | 61 years | Dec 2011 | - | Director |
| Mr Robert Glauber | 86 years | Mar 2013 | - | Director | |
| Mr Richard Bennison | United Kingdom | 66 years | May 2013 | - | Director |
| Mr Jason Harris | 57 years | Jan 2014 | - | Director |
P&L
December 2013turnover
414.6m
+8%
operating profit
-105.6m
0%
gross margin
77.2%
+2.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2013net assets
542.2m
+0.1%
total assets
4.5b
+0.07%
cash
68.9m
-0.22%
net assets
Total assets minus all liabilities
Similar Companies
xl insurance company plc company details
company number
01884214
Type
Public limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
February 1985
age
40
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2013
previous names
xl insurance company limited (July 2013)
xl winterthur international insurance company limited (January 2003)
See moreaccountant
-
auditor
-
address
xl house 70 gracechurch street, london, EC3V 0XL
Bank
CITIBANK N.A.
Legal Advisor
-
xl insurance company plc 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 xl insurance company plc.
xl insurance company plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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xl insurance company plc Companies House Filings - See Documents
| date | description | view/download |
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