First Select Insurance Services Limited

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first select insurance services limited Company Information

Company Number

02108931

Next Accounts

Jul 2025

Directors

Richard Cox

Shareholders

richard elliott cox

Group Structure

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Industry

Other activities auxiliary to financial services, except insurance and pension funding

Registered Address

44-54 orsett road, grays, essex, RM17 5ED

Website

first select insurance services limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of FIRST SELECT INSURANCE SERVICES LIMITED at £1.3m based on a Turnover of £1.6m and 0.79x industry multiple (adjusted for size and gross margin).

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First Select Insurance Services Limited is a live company located in essex, RM17 5ED with a Companies House number of 02108931. It operates in the activities auxiliary to financial intermediation n.e.c. sector, SIC Code 66190. Founded in March 1987, it's largest shareholder is richard elliott cox with a 100% stake. First Select Insurance Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded First Select Insurance Services Limited a 2.5 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

Health Rating2.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.1%)

EXPORT

First Select Insurance Services Limited's latest turnover from October 2023 is estimated at £1.6 million and the company has net assets of £43.7 thousand. According to their latest financial statements, First Select Insurance Services Limited has 4 employees and maintains cash reserves of £63.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,623,070	1,934,513	1,466,423	1,316,737	1,652,659	858,215	3,901,306	1,889,812	5,530,219	4,355,735	3,470,158	2,391,888	1,624,395	3,122,197
Other Income Or Grants
Cost Of Sales	469,932	351,322	306,337	223,556	325,815	105,489	602,015	343,073	1,580,360	1,646,203	1,024,578	727,110	441,270	850,481
Gross Profit	1,153,138	1,583,190	1,160,086	1,093,181	1,326,843	752,726	3,299,291	1,546,739	3,949,859	2,709,531	2,445,580	1,664,778	1,183,125	2,271,716
Admin Expenses	1,162,032	1,577,938	1,196,876	1,064,040	1,315,888	804,938	3,241,302	1,565,345	3,937,238	2,679,338	2,450,846	1,660,411	1,183,567	2,273,440	-51,838
Operating Profit	-8,894	5,252	-36,790	29,141	10,955	-52,212	57,989	-18,606	12,621	30,193	-5,266	4,367	-442	-1,724	51,838
Interest Payable
Interest Receivable	2,378	1,753	121	71	359	681	520	613	861	813	493	183	209	154	59
Pre-Tax Profit	-6,516	7,005	-36,669	29,212	11,315	-51,531	58,509	-17,993	13,483	31,006	-4,773	4,550	-233	-1,570	51,897
Tax		-1,331		-5,550	-2,150		-11,117		-2,696	-6,511		-1,092			-14,531
Profit After Tax	-6,516	5,674	-36,669	23,662	9,165	-51,531	47,392	-17,993	10,786	24,495	-4,773	3,458	-233	-1,570	37,366
Dividends Paid
Retained Profit	-6,516	5,674	-36,669	23,662	9,165	-51,531	47,392	-17,993	10,786	24,495	-4,773	3,458	-233	-1,570	37,366
Employee Costs	280,583	258,813	232,177	229,495	239,934	219,354	207,330	234,358	1,803,159	1,615,887	1,395,181	806,114	667,201	1,157,811
Number Of Employees	4	4	4	4	4	4	4	4	31	28	27	16	12	25
EBITDA*	-8,250	6,617	-34,713	31,754	14,400	-48,341	61,922	-14,450	16,371	33,661	-1,528	8,216	5,327	3,236	56,844

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	550	1,194	2,559	3,636	6,249	9,694	13,565	12,570	11,930	11,000	9,912	7,680	10,239	15,281	12,457
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	550	1,194	2,559	3,636	6,249	9,694	13,565	12,570	11,930	11,000	9,912	7,680	10,239	15,281	12,457
Stock & work in progress
Trade Debtors	253,145	346,368	296,812	251,606	319,267	150,543	817,150	345,464	536,773	405,925	328,057	221,865	173,734	267,979	141,811
Group Debtors
Misc Debtors	975	8,305	8,305	3,655	9,899	9,899		2,574
Cash	63,459	27,115	128,725	113,552	28,577	67,276	114,271	301,330	189,417	155,103	170,072	27,230	46,096	37,643	23,796
misc current assets
total current assets	317,579	381,788	433,842	368,813	357,743	227,718	931,421	649,368	726,190	561,028	498,129	249,095	219,830	305,622	165,607
total assets	318,129	382,982	436,401	372,449	363,992	237,412	944,986	661,938	738,120	572,028	508,041	256,775	230,069	320,903	178,064
Bank overdraft
Bank loan
Trade Creditors	270,993	324,617	382,350	228,091	296,088	187,079	828,263	607,286	667,591	512,285	472,793	216,754	193,506	282,190	137,736
Group/Directors Accounts														1,917	1,962
other short term finances
hp & lease commitments
other current liabilities	3,423	8,136	9,496	63,134	10,342	1,936	16,795	2,116
total current liabilities	274,416	332,753	391,846	291,225	306,430	189,015	845,058	609,402	667,591	512,285	472,793	216,754	193,506	284,107	139,698
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	274,416	332,753	391,846	291,225	306,430	189,015	845,058	609,402	667,591	512,285	472,793	216,754	193,506	284,107	139,698
net assets	43,713	50,229	44,555	81,224	57,562	48,397	99,928	52,536	70,529	59,743	35,248	40,021	36,563	36,796	38,366
total shareholders funds	43,713	50,229	44,555	81,224	57,562	48,397	99,928	52,536	70,529	59,743	35,248	40,021	36,563	36,796	38,366

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-8,894	5,252	-36,790	29,141	10,955	-52,212	57,989	-18,606	12,621	30,193	-5,266	4,367	-442	-1,724	51,838
Depreciation	644	1,365	2,077	2,613	3,445	3,871	3,933	4,156	3,750	3,468	3,738	3,849	5,769	4,960	5,006
Amortisation
Tax		-1,331		-5,550	-2,150		-11,117		-2,696	-6,511		-1,092			-14,531
Stock
Debtors	-100,553	49,556	49,856	-73,905	168,724	-656,708	469,112	-188,735	130,848	77,868	106,192	48,131	-94,245	126,168	141,811
Creditors	-53,624	-57,733	154,259	-67,997	109,009	-641,184	220,977	-60,305	155,306	39,492	256,039	23,248	-88,684	144,454	137,736
Accruals and Deferred Income	-4,713	-1,360	-53,638	52,792	8,406	-14,859	14,679	2,116
Deferred Taxes & Provisions
Cash flow from operations	33,966	-103,363	16,052	84,904	-39,059	-47,676	-182,651	116,096	38,133	-11,226	148,319	-17,759	10,888	21,522	38,238
Investing Activities
capital expenditure			-1,000				-4,928	-4,796	-4,680	-4,556	-5,970	-1,290	-727	-7,784	-17,463
Change in Investments
cash flow from investments			-1,000				-4,928	-4,796	-4,680	-4,556	-5,970	-1,290	-727	-7,784	-17,463
Financing Activities
Bank loans
Group/Directors Accounts													-1,917	-45	1,962
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															1,000
interest	2,378	1,753	121	71	359	681	520	613	861	813	493	183	209	154	59
cash flow from financing	2,378	1,753	121	71	359	681	520	613	861	813	493	183	-1,708	109	3,021
cash and cash equivalents
cash	36,344	-101,610	15,173	84,975	-38,699	-46,995	-187,059	111,913	34,314	-14,969	142,842	-18,866	8,453	13,847	23,796
overdraft
change in cash	36,344	-101,610	15,173	84,975	-38,699	-46,995	-187,059	111,913	34,314	-14,969	142,842	-18,866	8,453	13,847	23,796

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FIRST SELECT INSURANCE SERVICES LIMITED group structure

First Select Insurance Services Limited has no subsidiary companies.

Ultimate parent company

FIRST SELECT INSURANCE SERVICES LIMITED

02108931

FIRST SELECT INSURANCE SERVICES LIMITED Shareholders

richard elliott cox

100%

First Select Insurance Services Limited currently has 1 director, Mr Richard Cox serving since May 1998.

officer	country	age	start	end	role
Mr Richard Cox		63 years	May 1998	-	Director

P&L

October 2023

turnover

1.6m

-16%

operating profit

-8.9k

gross margin

71.1%

-13.19%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

43.7k

-0.13%

total assets

318.1k

-0.17%

cash

63.5k

+1.34%

net assets

Total assets minus all liabilities

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company number

02108931

Type

Private limited with Share Capital

industry

66190 - Other activities auxiliary to financial services, except insurance and pension funding

incorporation date

March 1987

ultimate parent company

None

previous names

robinson leslie international limited (February 2000)

robinson leslie (north wales) limited (June 1998)

address

44-54 orsett road, grays, essex, RM17 5ED

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 found 2 charges/mortgages relating to first select insurance services limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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first select insurance services limited Company Information

first select insurance services limited Estimated Valuation

first select insurance services limited Estimated Valuation

first select insurance services limited Estimated Valuation

First Select Insurance Services Limited Overview

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