s.i.m.i.a. management company
s.i.m.i.a. management company Company Information
Company Number
01996681
Website
www.simia.co.ukRegistered Address
90 fenchurch street, london, EC3M 4ST
Industry
Activities of insurance agents and brokers
Telephone
02072834646
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
thomas miller professional indemnity (holdings) ltd 100%
s.i.m.i.a. management company Estimated Valuation
Pomanda estimates the enterprise value of S.I.M.I.A. MANAGEMENT COMPANY at £215.6k based on a Turnover of £189.5k and 1.14x industry multiple (adjusted for size and gross margin).
s.i.m.i.a. management company Estimated Valuation
Pomanda estimates the enterprise value of S.I.M.I.A. MANAGEMENT COMPANY at £35.4k based on an EBITDA of £8.3k and a 4.29x industry multiple (adjusted for size and gross margin).
s.i.m.i.a. management company Estimated Valuation
Pomanda estimates the enterprise value of S.I.M.I.A. MANAGEMENT COMPANY at £20.2k based on Net Assets of £7.2k and 2.81x industry multiple (adjusted for liquidity).
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S.i.m.i.a. Management Company Overview
S.i.m.i.a. Management Company is a dissolved company that was located in london, EC3M 4ST with a Companies House number of 01996681. It operated in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in March 1986, it's largest shareholder was thomas miller professional indemnity (holdings) ltd with a 100% stake. The last turnover for S.i.m.i.a. Management Company was estimated at £189.5k.
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S.i.m.i.a. Management Company Health Check
Pomanda's financial health check has awarded S.I.M.I.A. Management Company a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
7 Weak
Size
annual sales of £189.5k, make it smaller than the average company (£2.6m)
£189.5k - S.i.m.i.a. Management Company
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (5.6%)
-25% - S.i.m.i.a. Management Company
5.6% - Industry AVG
Production
with a gross margin of 57%, this company has a higher cost of product (88.5%)
57% - S.i.m.i.a. Management Company
88.5% - Industry AVG
Profitability
an operating margin of 4.4% make it less profitable than the average company (11.4%)
4.4% - S.i.m.i.a. Management Company
11.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (25)
- S.i.m.i.a. Management Company
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- S.i.m.i.a. Management Company
- - Industry AVG
Efficiency
resulting in sales per employee of £94.8k, this is equally as efficient (£104.5k)
- S.i.m.i.a. Management Company
£104.5k - Industry AVG
Debtor Days
it gets paid by customers after 96 days, this is later than average (66 days)
96 days - S.i.m.i.a. Management Company
66 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - S.i.m.i.a. Management Company
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - S.i.m.i.a. Management Company
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - S.i.m.i.a. Management Company
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.6%, this is a higher level of debt than the average (66.1%)
85.6% - S.i.m.i.a. Management Company
66.1% - Industry AVG
S.I.M.I.A. MANAGEMENT COMPANY financials
S.I.M.I.A. Management Company's latest turnover from December 2018 is £189.5 thousand and the company has net assets of £7.2 thousand. According to their latest financial statements, we estimate that S.I.M.I.A. Management Company has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 189,523 | 322,977 | 437,500 | 445,000 | 565,000 | 675,000 | 782,500 | 870,750 | 810,000 | 820,500 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 8,259 | 7,813 | 7,936 | 9,283 | 13,122 | 15,411 | 245,276 | 260,410 | 157,642 | 88,379 |
| Tax | -1,569 | -1,504 | -1,588 | -1,783 | -2,820 | -3,437 | -60,085 | -68,991 | -44,139 | -24,746 |
| Profit After Tax | 6,690 | 6,309 | 6,348 | 7,500 | 10,302 | 11,974 | 185,191 | 191,419 | 113,503 | 63,633 |
| Dividends Paid | 0 | 0 | 0 | 0 | 11,000 | 124,000 | 185,000 | 125,000 | 75,000 | 60,000 |
| Retained Profit | 6,690 | 6,309 | 6,348 | 7,500 | -698 | -112,026 | 191 | 66,419 | 38,503 | 3,633 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Number Of Employees | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 50,000 | 210,066 | 137,500 | 0 | 0 | 600,000 | 0 | 263,250 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 320,699 | 359,155 | 0 | 1,266,154 | 297,166 | 154,071 | 840,872 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 202,500 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 50,000 | 210,066 | 137,500 | 320,699 | 359,155 | 600,000 | 1,266,154 | 560,416 | 356,571 | 840,872 |
| total assets | 50,000 | 210,066 | 137,500 | 320,699 | 359,155 | 600,000 | 1,266,154 | 560,416 | 356,571 | 840,872 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 41,249 | 52,481 | 128,730 | 11,000 | 0 | 134,531 | 587,052 | 402,052 | 277,052 | 202,052 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,569 | 151,093 | 1,587 | 301,864 | 347,820 | 453,436 | 555,043 | 34,496 | 22,070 | 619,874 |
| total current liabilities | 42,818 | 203,574 | 130,317 | 312,864 | 347,820 | 587,967 | 1,142,095 | 436,548 | 299,122 | 821,926 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 42,818 | 203,574 | 130,317 | 312,864 | 347,820 | 587,967 | 1,142,095 | 436,548 | 299,122 | 821,926 |
| net assets | 7,182 | 6,492 | 7,183 | 7,835 | 11,335 | 12,033 | 124,059 | 123,868 | 57,449 | 18,946 |
| total shareholders funds | 7,182 | 6,492 | 7,183 | 7,835 | 11,335 | 12,033 | 124,059 | 123,868 | 57,449 | 18,946 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,569 | -1,504 | -1,588 | -1,783 | -2,820 | -3,437 | -60,085 | -68,991 | -44,139 | -24,746 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -160,066 | 72,566 | -183,199 | -38,456 | -240,845 | -666,154 | 705,738 | 203,845 | -484,301 | 840,872 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -149,524 | 149,506 | -300,277 | -45,956 | -105,616 | -101,607 | 520,547 | 12,426 | -597,804 | 619,874 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 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 |
| Group/Directors Accounts | -11,232 | -76,249 | 117,730 | 11,000 | -134,531 | -452,521 | 185,000 | 125,000 | 75,000 | 202,052 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -17,232 | -83,249 | 110,730 | 0 | -134,531 | -452,521 | 185,000 | 125,000 | 75,000 | 217,365 |
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
s.i.m.i.a. management company Credit Report and Business Information
S.i.m.i.a. Management Company Competitor Analysis
Perform a competitor analysis for s.i.m.i.a. management company by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in EC3M area or any other competitors across 12 key performance metrics.
s.i.m.i.a. management company Ownership
S.I.M.I.A. MANAGEMENT COMPANY group structure
S.I.M.I.A. Management Company has no subsidiary companies.
Ultimate parent company
THOMAS MILLER HOLDINGS LTD
#0029345
2 parents
S.I.M.I.A. MANAGEMENT COMPANY
01996681
s.i.m.i.a. management company directors
S.I.M.I.A. Management Company currently has 3 directors. The longest serving directors include Mr Ahmed Salim (Jan 1997) and Mr Rajiv Harnal (Jun 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ahmed Salim | 59 years | Jan 1997 | - | Director | |
| Mr Rajiv Harnal | 63 years | Jun 2012 | - | Director | |
| Mr Redvers Cunningham | 56 years | Jan 2013 | - | Director |
P&L
December 2018turnover
189.5k
-41%
operating profit
8.3k
0%
gross margin
57.1%
+6.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
7.2k
+0.11%
total assets
50k
-0.76%
cash
0
0%
net assets
Total assets minus all liabilities
s.i.m.i.a. management company company details
company number
01996681
Type
Private unlimited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
March 1986
age
38
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2018
previous names
solicitors indemnity mutual insurance association management company (February 1990)
dikappa (number 387) limited (April 1986)
accountant
-
auditor
-
address
90 fenchurch street, london, EC3M 4ST
Bank
HSBC BANK PLC
Legal Advisor
-
s.i.m.i.a. management company 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 s.i.m.i.a. management company.
s.i.m.i.a. management company Companies House Filings - See Documents
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