bar mutual indemnity fund limited
bar mutual indemnity fund limited Company Information
Company Number
02182018
Next Accounts
Dec 2025
Shareholders
-
Group Structure
View All
Industry
Non-life insurance
Registered Address
90 fenchurch street, london, EC3M 4ST
Website
www.barmutual.co.ukbar mutual indemnity fund limited Estimated Valuation
Pomanda estimates the enterprise value of BAR MUTUAL INDEMNITY FUND LIMITED at £13.3m based on a Turnover of £16.4m and 0.81x industry multiple (adjusted for size and gross margin).
bar mutual indemnity fund limited Estimated Valuation
Pomanda estimates the enterprise value of BAR MUTUAL INDEMNITY FUND LIMITED at £12.8m based on an EBITDA of £1.4m and a 8.89x industry multiple (adjusted for size and gross margin).
bar mutual indemnity fund limited Estimated Valuation
Pomanda estimates the enterprise value of BAR MUTUAL INDEMNITY FUND LIMITED at £60.3m based on Net Assets of £36.8m and 1.64x industry multiple (adjusted for liquidity).
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Bar Mutual Indemnity Fund Limited Overview
Bar Mutual Indemnity Fund Limited is a live company located in london, EC3M 4ST with a Companies House number of 02182018. It operates in the non-life insurance sector, SIC Code 65120. Founded in October 1987, it's largest shareholder is unknown. Bar Mutual Indemnity Fund Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.4m with healthy growth in recent years.
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Bar Mutual Indemnity Fund Limited Health Check
Pomanda's financial health check has awarded Bar Mutual Indemnity Fund Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
2 Weak
Size
annual sales of £16.4m, make it larger than the average company (£2.2m)
£16.4m - Bar Mutual Indemnity Fund Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (10.2%)
8% - Bar Mutual Indemnity Fund Limited
10.2% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Bar Mutual Indemnity Fund Limited
100% - Industry AVG
Profitability
an operating margin of 8.8% make it less profitable than the average company (19.1%)
8.8% - Bar Mutual Indemnity Fund Limited
19.1% - Industry AVG
Employees
with 114 employees, this is above the industry average (25)
- Bar Mutual Indemnity Fund Limited
25 - Industry AVG
Pay Structure
on an average salary of £60.7k, the company has an equivalent pay structure (£60.7k)
- Bar Mutual Indemnity Fund Limited
£60.7k - Industry AVG
Efficiency
resulting in sales per employee of £144.1k, this is equally as efficient (£145.4k)
- Bar Mutual Indemnity Fund Limited
£145.4k - Industry AVG
Debtor Days
it gets paid by customers after 124 days, this is earlier than average (199 days)
124 days - Bar Mutual Indemnity Fund Limited
199 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Bar Mutual Indemnity Fund Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bar Mutual Indemnity Fund Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (19 weeks)
20 weeks - Bar Mutual Indemnity Fund Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70%, this is a similar level of debt than the average (77.4%)
70% - Bar Mutual Indemnity Fund Limited
77.4% - Industry AVG
BAR MUTUAL INDEMNITY FUND LIMITED financials
Bar Mutual Indemnity Fund Limited's latest turnover from March 2024 is £16.4 million and the company has net assets of £36.8 million. According to their latest financial statements, we estimate that Bar Mutual Indemnity Fund Limited has 114 employees and maintains cash reserves of £9.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,429,745 | 16,845,051 | 12,851,272 | 13,088,657 | 12,183,202 | 11,678,520 | 8,165,236 | 13,034,855 | 14,410,157 | 12,450,312 | 12,429,771 | 11,323,256 | 12,369,106 | 13,364,792 | 9,462,526 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 2,097,699 | -1,243,303 | 2,588,966 | -2,546,396 | -1,522,812 | 772,475 | -4,270,413 | 4,604,570 | 4,341,061 | 2,148,250 | -58,450 | 3,147,605 | 1,740,795 | 8,811,319 | 1,787,363 |
| Tax | -613,964 | 886,969 | -203,338 | -469,408 | -46,791 | -430,825 | 231,975 | -422,156 | 156,315 | -476,787 | -41,622 | -554,033 | -538,233 | -532,685 | -1,465,933 |
| Profit After Tax | 1,483,735 | -356,334 | 2,385,628 | -3,015,804 | -1,569,603 | 341,650 | -4,038,438 | 4,182,414 | 4,497,376 | 1,671,463 | -100,072 | 2,593,572 | 1,202,562 | 8,278,634 | 321,430 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 1,483,735 | -356,334 | 2,385,628 | -3,015,804 | -1,569,603 | 341,650 | -4,038,438 | 4,182,414 | 4,497,376 | 1,671,463 | -100,072 | 2,593,572 | 1,202,562 | 8,278,634 | 321,430 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 106,610,407 | 97,380,196 | 94,494,862 | 95,577,405 | 89,854,202 | 92,287,959 | 91,828,502 | 83,333,125 | 71,381,327 | 69,623,504 | 65,503,385 | 57,874,537 | 61,997,050 | 56,311,374 | 57,909,341 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 106,610,407 | 97,380,196 | 94,494,862 | 95,577,405 | 89,854,202 | 92,287,959 | 91,828,502 | 83,333,125 | 71,381,327 | 69,623,504 | 65,503,385 | 57,874,537 | 61,997,050 | 56,311,374 | 57,909,341 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,602,041 | 1,244,057 | 767,322 | 1,413,355 | 1,909,453 | 113,059 | 1,799,833 | 440,732 | 745,223 | 498,506 | 605,485 | 525,213 | 560,863 | 711,967 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 9,533,469 | 10,814,845 | 9,966,385 | 6,411,618 | 4,258,234 | 7,753,524 | 8,067,780 | 7,131,254 | 11,900,214 | 11,809,833 | 10,345,004 | 13,092,008 | 9,935,861 | 9,443,154 | 6,177,028 |
| misc current assets | 570,486 | 357,140 | 177,794 | 136,179 | 177,209 | 198,593 | 290,866 | 300,658 | 355,485 | 348,238 | 454,311 | 119,610 | 1,139,482 | 313,763 | 258,319 |
| total current assets | 16,140,083 | 14,335,942 | 13,663,362 | 8,032,434 | 8,276,956 | 8,225,974 | 10,762,221 | 8,679,508 | 13,180,487 | 13,069,903 | 11,598,355 | 13,937,720 | 11,660,053 | 10,407,089 | 7,384,973 |
| total assets | 122,750,490 | 111,716,138 | 108,158,224 | 103,609,839 | 98,131,158 | 100,513,933 | 102,590,723 | 92,012,633 | 84,561,814 | 82,693,407 | 77,101,740 | 71,812,257 | 73,657,103 | 66,718,463 | 65,294,314 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,298,350 | 634,893 | 1,292,404 | 743,046 | 720,444 | 777,535 | 2,968,251 | 466,368 | 581,506 | 1,076,690 | 1,080,654 | 1,334,751 | 881,163 | 812,599 | 1,939,560 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 24,205,364 | 22,553,256 | 21,512,853 | 15,596,233 | 10,962,063 | 12,637,118 | 12,881,862 | 11,508,917 | 11,634,956 | 13,629,183 | 11,660,043 | 9,864,237 | 11,716,196 | 9,116,462 | 8,538,746 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 61,731,576 | 53,833,067 | 50,959,222 | 54,713,085 | 50,852,770 | 49,990,887 | 52,164,583 | 38,921,000 | 35,526,556 | 36,161,298 | 34,210,234 | 30,616,485 | 33,202,944 | 30,066,600 | 37,498,801 |
| total liabilities | 85,936,940 | 76,386,323 | 72,472,075 | 70,309,318 | 61,814,833 | 62,628,005 | 65,046,445 | 50,429,917 | 47,161,512 | 49,790,481 | 45,870,277 | 40,480,722 | 44,919,140 | 39,183,062 | 46,037,547 |
| net assets | 36,813,550 | 35,329,815 | 35,686,149 | 33,300,521 | 36,316,325 | 37,885,928 | 37,544,278 | 41,582,716 | 37,400,302 | 32,902,926 | 31,231,463 | 31,331,535 | 28,737,963 | 27,535,401 | 19,256,767 |
| total shareholders funds | 36,813,550 | 35,329,815 | 35,686,149 | 33,300,521 | 36,316,325 | 37,885,928 | 37,544,278 | 41,582,716 | 37,400,302 | 32,902,926 | 31,231,463 | 31,331,535 | 28,737,963 | 27,535,401 | 19,256,767 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -613,964 | 886,969 | -203,338 | -469,408 | -46,791 | -430,825 | 231,975 | -422,156 | 156,315 | -476,787 | -41,622 | -554,033 | -538,233 | -532,685 | -1,465,933 |
| Stock | |||||||||||||||
| Debtors | 4,357,984 | 476,735 | -646,033 | -496,098 | 1,796,394 | -1,686,774 | 1,799,833 | -440,732 | -304,491 | 246,717 | -106,979 | 80,272 | -35,650 | -151,104 | 711,967 |
| Creditors | 1,663,457 | -657,511 | 549,358 | 22,602 | -57,091 | -2,190,716 | 2,501,883 | -115,138 | -495,184 | -3,964 | -254,097 | 453,588 | 68,564 | -1,126,961 | 1,939,560 |
| 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 | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -1,281,376 | 848,460 | 3,554,767 | 2,153,384 | -3,495,290 | -314,256 | 936,526 | -4,768,960 | 90,381 | 1,464,829 | -2,747,004 | 3,156,147 | 492,707 | 3,266,126 | 6,177,028 |
| overdraft | |||||||||||||||
| change in cash | -1,281,376 | 848,460 | 3,554,767 | 2,153,384 | -3,495,290 | -314,256 | 936,526 | -4,768,960 | 90,381 | 1,464,829 | -2,747,004 | 3,156,147 | 492,707 | 3,266,126 | 6,177,028 |
bar mutual indemnity fund limited Credit Report and Business Information
Bar Mutual Indemnity Fund Limited Competitor Analysis
Perform a competitor analysis for bar mutual indemnity fund limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3M area or any other competitors across 12 key performance metrics.
bar mutual indemnity fund limited Ownership
BAR MUTUAL INDEMNITY FUND LIMITED group structure
Bar Mutual Indemnity Fund Limited has no subsidiary companies.
Ultimate parent company
BAR MUTUAL INDEMNITY FUND LIMITED
02182018
bar mutual indemnity fund limited directors
Bar Mutual Indemnity Fund Limited currently has 23 directors. The longest serving directors include Mr Christopher Pocock (Apr 2013) and Mr Jasbir Dhillon (Jun 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Pocock | 64 years | Apr 2013 | - | Director | |
| Mr Jasbir Dhillon | 56 years | Jun 2013 | - | Director | |
| Ms Rebecca Sabben-Clare | 53 years | Nov 2014 | - | Director | |
| Mr Rajiv Harnal | 63 years | Jun 2016 | - | Director | |
| Mr Ahmed Salim | 60 years | Jun 2016 | - | Director | |
| Mr David Scorey | 51 years | Mar 2017 | - | Director | |
| Mr Charles Dougherty | 52 years | Oct 2017 | - | Director | |
| Mr Simon Salzedo | 57 years | Nov 2018 | - | Director | |
| Mr Richard Handyside | United Kingdom | 56 years | Sep 2021 | - | Director |
| Ms Sushma Ananda | 40 years | Sep 2021 | - | Director |
P&L
March 2024turnover
16.4m
-2%
operating profit
1.4m
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
36.8m
+0.04%
total assets
122.8m
+0.1%
cash
9.5m
-0.12%
net assets
Total assets minus all liabilities
bar mutual indemnity fund limited company details
company number
02182018
Type
Private Ltd By Guarantee w/o Share Cap
industry
65120 - Non-life insurance
incorporation date
October 1987
age
38
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
needmeasure limited (December 1987)
accountant
-
auditor
FORVIS MAZARS LLP
address
90 fenchurch street, london, EC3M 4ST
Bank
-
Legal Advisor
-
bar mutual indemnity fund 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 found 1 charges/mortgages relating to bar mutual indemnity fund limited. Currently there are 1 open charges and 0 have been satisfied in the past.
bar mutual indemnity fund limited 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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bar mutual indemnity fund limited Companies House Filings - See Documents
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