Newstead Insurance Brokers Limited

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newstead insurance brokers limited Company Information

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Company Number

02190284

Next Accounts

Sep 2025

Industry

Non-life insurance

Life insurance

Directors

Sarah Giles

Neil Thornton

Shareholders

brown & brown retail holdco (europe) limited

Group Structure

View All

Contact

Registered Address

7th floor corn exchange, 55 mark lane, london, EC3R 7NE

Website

www.newstead.co.uk

newstead insurance brokers limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of NEWSTEAD INSURANCE BROKERS LIMITED at £6.4m based on an EBITDA of £970.3k and a 6.62x industry multiple (adjusted for size and gross margin).

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Newstead Insurance Brokers Limited is a live company located in london, EC3R 7NE with a Companies House number of 02190284. It operates in the life insurance sector, SIC Code 65110. Founded in November 1987, it's largest shareholder is brown & brown retail holdco (europe) limited with a 100% stake. Newstead Insurance Brokers Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with unknown growth in recent years.

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Pomanda's financial health check has awarded Newstead Insurance Brokers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

2 Weak

Size

annual sales of £1.6m, make it in line with the average company (£1.7m)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Newstead Insurance Brokers Limited's latest turnover from December 2023 is £1.6 million and the company has net assets of £2.5 million. According to their latest financial statements, Newstead Insurance Brokers Limited has 18 employees and maintains cash reserves of £593.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,598,284	1,290,290	1,531,186	1,885,073	1,434,627	1,412,930	1,825,459	1,619,605	1,489,524	3,004,747	3,249,303	3,522,569	3,542,646	4,581,197	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	473,940	441,116	523,407	708,171	556,320	517,579	687,093	640,760	714,012	1,698,924	1,935,161	1,826,118	1,876,190	2,458,244	0
Gross Profit	1,124,344	849,174	1,007,779	1,176,902	878,307	895,351	1,138,366	978,845	775,512	1,305,823	1,314,141	1,696,452	1,666,457	2,122,954	0
Admin Expenses	198,790	563,117	429,008	476,003	780,205	1,405,246	975,140	936,346	617,793	1,092,703	1,278,969	1,612,386	1,564,199	2,076,109	101,820
Operating Profit	925,554	286,057	578,771	700,899	98,102	-509,895	163,226	42,499	157,719	213,120	35,172	84,066	102,258	46,845	-101,820
Interest Payable	0	28,221	112,403	45,468	5,243	3,031	2,721	3,422	5,631	8,794	10,388	9,905	9,507	5,394	443
Interest Receivable	0	330	0	0	2,869	3,127	2,064	878	1,776	2,332	2,083	2,215	2,649	1,439	245
Pre-Tax Profit	925,554	258,166	-2,538,522	570,704	95,728	-509,799	162,569	39,955	153,864	206,658	26,866	76,375	95,400	42,890	-102,018
Tax	-220,277	-101,703	-102,787	-126,692	-18,188	0	-30,888	-7,991	-30,773	-43,398	-6,179	-18,330	-24,804	-12,009	0
Profit After Tax	705,277	156,463	-2,641,309	444,012	77,540	-509,799	131,681	31,964	123,091	163,260	20,687	58,045	70,596	30,881	-102,018
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	705,277	156,463	-2,641,309	444,012	77,540	-509,799	131,681	31,964	123,091	163,260	20,687	58,045	70,596	30,881	-102,018
Employee Costs	438,610	567,524	557,934	412,150	811,303	812,398	846,244	909,514	943,452	463,352	489,949	571,083	577,025	702,310	0
Number Of Employees	18	16	11	8	15	15	16	18	19	9	10	12	12	15	0
EBITDA*	970,295	340,061	632,117	774,781	162,358	-445,414	227,918	116,476	231,375	232,336	63,725	118,239	151,904	81,608	-90,275

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	38,510	19,639	19,930	55,119	55,075	73,559	64,753	94,728	87,125	70,934	98,938	145,387	155,693	21,566
Intangible Assets	0	113,212	129,814	177,671	225,000	270,000	315,000	360,000	405,000	450,000	0	0	0	0	0
Investments & Other	2,791,546	2,758,646	2,244,996	1,977,650	465,605	465,605	465,605	465,605	465,605	624,172	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,791,546	2,910,368	2,394,449	2,175,251	745,724	790,680	854,164	890,358	965,333	1,161,297	70,934	98,938	145,387	155,693	21,566
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	118,621	138,371	170,103	506,954	1,190,351	1,145,411	1,535,750	1,345,633	1,192,710	2,241,681	2,240,191	2,373,345	2,326,227	2,894,981	584,454
Group Debtors	128,243	1,458,636	1,129,380	0	355,529	150,789	1,332,584	1,159,897	1,096,486	0	0	0	0	0	0
Misc Debtors	22,127	22,181	100,940	0	32,685	30,188	25,116	36,958	34,840	0	0	0	0	0	0
Cash	593,668	999,853	1,258,987	2,437,229	361,369	403,778	430,127	395,600	306,741	403,777	529,142	303,936	581,921	477,865	97,907
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	862,659	2,619,041	2,659,410	2,944,183	1,939,934	1,730,166	3,323,577	2,938,088	2,630,777	2,645,458	2,769,333	2,677,281	2,908,148	3,372,846	682,361
total assets	3,654,205	5,529,409	5,053,859	5,119,434	2,685,658	2,520,846	4,177,741	3,828,446	3,596,110	3,806,755	2,840,267	2,776,219	3,053,535	3,528,539	703,927
Bank overdraft	0	0	0	0	97,485	57,864	31,935	51,786	57,722	115,546	155,038	164,599	109,026	152,359	13,618
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	554,892	776,843	988,308	3,567,411	1,550,565	1,560,025	1,927,606	1,730,046	1,500,635	2,557,147	2,232,924	2,148,969	2,466,544	2,998,935	435,788
Group/Directors Accounts	125,314	1,938,203	1,803,707	0	0	0	702,094	588,689	475,661	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	499,902	425,896	670,681	0	314,556	259,026	348,880	364,558	321,816	7,293	6,599	18,853	22,513	23,942	10,039
total current liabilities	1,180,108	3,140,942	3,462,696	3,567,411	1,962,606	1,876,915	3,010,515	2,735,079	2,355,834	2,679,986	2,394,561	2,332,421	2,598,083	3,175,236	459,445
loans	0	0	0	0	0	0	0	0	0	0	0	0	31,151	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	14,441	279,324	271,508	269,473	317,572	523,734	533,818	17,015	30,943	69,491	77,940	0
provisions	0	633,990	0	310,000	1,300	2,500	4,500	2,000	5,500	5,000	4,000	8,851	8,851	0	0
total long term liabilities	0	633,990	0	324,441	280,624	274,008	273,973	319,572	529,234	538,818	21,015	39,794	109,493	77,940	0
total liabilities	1,180,108	3,774,932	3,462,696	3,891,852	2,243,230	2,150,923	3,284,488	3,054,651	2,885,068	3,218,804	2,415,576	2,372,215	2,707,576	3,253,176	459,445
net assets	2,474,097	1,754,477	1,591,163	1,227,582	442,428	369,923	893,253	773,795	711,042	587,951	424,691	404,004	345,959	275,363	244,482
total shareholders funds	2,474,097	1,754,477	1,591,163	1,227,582	442,428	369,923	893,253	773,795	711,042	587,951	424,691	404,004	345,959	275,363	244,482

	Dec 2023	Dec 2022	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	925,554	286,057	578,771	700,899	98,102	-509,895	163,226	42,499	157,719	213,120	35,172	84,066	102,258	46,845	-101,820
Depreciation	31,372	16,446	5,489	13,656	19,256	19,481	19,692	28,977	28,656	19,216	28,553	34,173	49,646	34,763	11,545
Amortisation	13,369	37,558	47,857	60,226	45,000	45,000	45,000	45,000	45,000	0	0	0	0	0	0
Tax	-220,277	-101,703	-102,787	-126,692	-18,188	0	-30,888	-7,991	-30,773	-43,398	-6,179	-18,330	-24,804	-12,009	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,350,197	1,112,234	893,469	506,954	252,177	-1,567,062	350,962	218,452	82,355	1,490	-133,154	47,118	-568,754	2,310,527	584,454
Creditors	-221,951	-2,790,568	-2,579,103	3,567,411	-9,460	-367,581	197,560	229,411	-1,056,512	324,223	83,955	-317,575	-532,391	2,563,147	435,788
Accruals and Deferred Income	74,006	425,896	670,681	0	55,530	-89,854	-15,678	42,742	314,523	694	-12,254	-3,660	-1,429	13,903	10,039
Deferred Taxes & Provisions	-633,990	323,990	-310,000	310,000	-1,200	-2,000	2,500	-3,500	500	1,000	-4,851	0	8,851	0	0
Cash flow from operations	1,318,280	-2,914,558	-2,582,561	4,018,546	-63,137	662,213	30,450	158,686	-623,242	513,365	257,550	-268,444	170,885	336,122	-228,902
Investing Activities
capital expenditure	106,981	-8,125	-5,198	-271,483	-19,300	-997	-28,498	998	-36,259	-485,407	-549	12,276	-39,340	-168,890	-33,111
Change in Investments	32,900	780,996	267,346	1,977,650	0	0	0	0	-158,567	624,172	0	0	0	0	0
cash flow from investments	74,081	-789,121	-272,544	-2,249,133	-19,300	-997	-28,498	998	122,308	-1,109,579	-549	12,276	-39,340	-168,890	-33,111
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,812,889	1,938,203	1,803,707	0	0	-702,094	113,405	113,028	475,661	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	-31,151	31,151	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-14,441	-14,441	14,441	7,816	2,035	-48,099	-206,162	-10,084	516,803	-13,928	-38,548	-8,449	77,940	0
share issue	14,343	370,432	3,004,890	783,570	-5,035	-13,531	-12,223	30,789	0	0	0	0	0	0	346,500
interest	0	-27,891	-112,403	-45,468	-2,374	96	-657	-2,544	-3,855	-6,462	-8,305	-7,690	-6,858	-3,955	-198
cash flow from financing	-1,798,546	2,266,303	4,681,753	752,543	407	-713,494	52,426	-64,889	461,722	510,341	-22,233	-77,389	15,844	73,985	346,302
cash and cash equivalents
cash	-406,185	-1,437,376	-1,178,242	2,437,229	-42,409	-26,349	34,527	88,859	-97,036	-125,365	225,206	-277,985	104,056	379,958	97,907
overdraft	0	0	0	0	39,621	25,929	-19,851	-5,936	-57,824	-39,492	-9,561	55,573	-43,333	138,741	13,618
change in cash	-406,185	-1,437,376	-1,178,242	2,437,229	-82,030	-52,278	54,378	94,795	-39,212	-85,873	234,767	-333,558	147,389	241,217	84,289

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEWSTEAD INSURANCE BROKERS LIMITED group structure

Newstead Insurance Brokers Limited has 3 subsidiary companies.

Ultimate parent company

BROWN & BROWN (UK) HOLDCO LIMITED

12434508

BROWN & BROWN RETAIL HOLDCO (EUROPE) LIMITED

09452808

2 parents

NEWSTEAD INSURANCE BROKERS LIMITED

02190284

3 subsidiaries

NEWSTEAD LONDON LIMITED

06932852

ALFORD BURTON AND COMPANY LIMITED

02146781

CRENDON INSURANCE BROKERS LIMITED

04800453

NEWSTEAD INSURANCE BROKERS LIMITED Shareholders

brown & brown retail holdco (europe) limited

100%

Newstead Insurance Brokers Limited currently has 2 directors. The longest serving directors include Ms Sarah Giles (Jun 2015) and Mr Neil Thornton (Nov 2020).

officer	country	age	start	end	role
Ms Sarah Giles	England	48 years	Jun 2015	-	Director
Mr Neil Thornton	United Kingdom	58 years	Nov 2020	-	Director

P&L

December 2023

turnover

1.6m

+24%

operating profit

925.6k

+224%

gross margin

70.4%

+6.89%

turnover

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

Balance Sheet

December 2023

net assets

2.5m

+0.41%

total assets

3.7m

-0.34%

cash

593.7k

-0.41%

net assets

Total assets minus all liabilities

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company number

02190284

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

65110 - Life insurance

incorporation date

November 1987

ultimate parent company

BROWN & BROWN (UK) HOLDCO LIMITED

previous names

berkeley and hay hill insurance services limited (April 1992)

productairo limited (February 1988)

address

7th floor corn exchange, 55 mark lane, london, EC3R 7NE

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 3 charges/mortgages relating to newstead insurance brokers limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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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newstead insurance brokers limited Company Information

newstead insurance brokers limited Estimated Valuation

newstead insurance brokers limited Estimated Valuation

newstead insurance brokers limited Estimated Valuation

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NEWSTEAD INSURANCE BROKERS LIMITED financials

newstead insurance brokers limited Credit Report and Business Information

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