premier choice insurance services limited
premier choice insurance services limited Company Information
Company Number
02383752
Next Accounts
Dec 2025
Shareholders
j m glendinning group limited
gary andrew milburn
Group Structure
View All
Industry
Non-life insurance
Registered Address
elmwood house ghyll royd, guiseley, leeds, west yorkshire, LS20 9LT
premier choice insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of PREMIER CHOICE INSURANCE SERVICES LIMITED at £792.7k based on a Turnover of £1.4m and 0.56x industry multiple (adjusted for size and gross margin).
premier choice insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of PREMIER CHOICE INSURANCE SERVICES LIMITED at £4.7m based on an EBITDA of £738k and a 6.34x industry multiple (adjusted for size and gross margin).
premier choice insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of PREMIER CHOICE INSURANCE SERVICES LIMITED at £2m based on Net Assets of £1.2m and 1.68x industry multiple (adjusted for liquidity).
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Premier Choice Insurance Services Limited Overview
Premier Choice Insurance Services Limited is a live company located in leeds, LS20 9LT with a Companies House number of 02383752. It operates in the non-life insurance sector, SIC Code 65120. Founded in May 1989, it's largest shareholder is j m glendinning group limited with a 90% stake. Premier Choice Insurance Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.
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Premier Choice Insurance Services Limited Health Check
Pomanda's financial health check has awarded Premier Choice Insurance Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.2m)
£1.4m - Premier Choice Insurance Services Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (10.2%)
- Premier Choice Insurance Services Limited
10.2% - Industry AVG
Production
with a gross margin of 85.5%, this company has a comparable cost of product (100%)
85.5% - Premier Choice Insurance Services Limited
100% - Industry AVG
Profitability
an operating margin of 51.8% make it more profitable than the average company (19.2%)
51.8% - Premier Choice Insurance Services Limited
19.2% - Industry AVG
Employees
with 10 employees, this is below the industry average (25)
10 - Premier Choice Insurance Services Limited
25 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has a lower pay structure (£61.1k)
£34.6k - Premier Choice Insurance Services Limited
£61.1k - Industry AVG
Efficiency
resulting in sales per employee of £140.4k, this is equally as efficient (£144.8k)
£140.4k - Premier Choice Insurance Services Limited
£144.8k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (198 days)
12 days - Premier Choice Insurance Services Limited
198 days - Industry AVG
Creditor Days
its suppliers are paid after 1049 days, this is slower than average (248 days)
1049 days - Premier Choice Insurance Services Limited
248 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Premier Choice Insurance Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (19 weeks)
46 weeks - Premier Choice Insurance Services Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42%, this is a lower level of debt than the average (77.4%)
42% - Premier Choice Insurance Services Limited
77.4% - Industry AVG
PREMIER CHOICE INSURANCE SERVICES LIMITED financials
Premier Choice Insurance Services Limited's latest turnover from March 2024 is £1.4 million and the company has net assets of £1.2 million. According to their latest financial statements, Premier Choice Insurance Services Limited has 10 employees and maintains cash reserves of £750.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Oct 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,404,190 | 522,079 | 812,774 | |||||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | 812,774 | |||||||||||||||
| Admin Expenses | 478,826 | |||||||||||||||
| Operating Profit | 727,193 | 268,569 | 333,948 | |||||||||||||
| Interest Payable | ||||||||||||||||
| Interest Receivable | 9,473 | 2,206 | 1,755 | |||||||||||||
| Pre-Tax Profit | 736,666 | 270,775 | 335,703 | |||||||||||||
| Tax | -178,029 | -53,036 | -77,200 | |||||||||||||
| Profit After Tax | 558,637 | 217,739 | 258,503 | |||||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | 558,637 | 217,739 | 258,503 | |||||||||||||
| Employee Costs | 346,185 | 138,738 | 248,439 | |||||||||||||
| Number Of Employees | 10 | 4 | 8 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | ||||||
| EBITDA* | 738,018 | 268,569 | 335,044 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Oct 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,924 | 6,026 | 6,026 | 5,952 | 5,487 | 4,826 | 6,196 | 7,163 | 6,563 | 7,948 | 9,690 | 25,440 | 32,806 | 24,252 | 19,134 | 35,692 |
| Intangible Assets | ||||||||||||||||
| Investments & Other | ||||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 21,924 | 6,026 | 6,026 | 5,952 | 5,487 | 4,826 | 6,196 | 7,163 | 6,563 | 7,948 | 9,690 | 25,440 | 32,806 | 24,252 | 19,134 | 35,692 |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 47,171 | 15,063 | 31,221 | 86,177 | 69,429 | 70,141 | 328,639 | 320,055 | 337,565 | 323,419 | 288,274 | 282,034 | 357,124 | 315,483 | 236,619 | 287,743 |
| Group Debtors | 1,181,261 | 218,075 | ||||||||||||||
| Misc Debtors | 3,734 | 40,867 | 148,912 | 142,171 | 142,103 | 1,878 | 1,281 | 459 | 647 | 660 | ||||||
| Cash | 750,225 | 931,804 | 2,215,442 | 1,630,260 | 1,173,046 | 1,091,128 | 1,095,087 | 941,962 | 993,853 | 624,367 | 504,153 | 525,535 | 302,729 | 332,869 | 314,753 | 416,275 |
| misc current assets | ||||||||||||||||
| total current assets | 1,982,391 | 1,205,809 | 2,395,575 | 1,858,608 | 1,384,578 | 1,163,147 | 1,425,007 | 1,262,476 | 1,332,065 | 948,446 | 792,427 | 807,569 | 659,853 | 648,352 | 551,372 | 704,018 |
| total assets | 2,004,315 | 1,211,835 | 2,401,601 | 1,864,560 | 1,390,065 | 1,167,973 | 1,431,203 | 1,269,639 | 1,338,628 | 956,394 | 802,117 | 833,009 | 692,659 | 672,604 | 570,506 | 739,710 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 585,606 | 428,391 | 344,420 | 66,946 | 78,921 | 128,000 | 233,420 | 268,467 | 247,675 | 226,953 | 359,083 | 402,924 | 369,073 | 380,709 | 325,927 | 388,006 |
| Group/Directors Accounts | 194,526 | 6,809 | ||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 58,062 | 172,477 | 171,246 | 145,838 | 160,169 | 96,434 | 173,962 | 168,578 | 444,018 | 156,270 | ||||||
| total current liabilities | 838,194 | 607,677 | 515,666 | 212,784 | 239,090 | 224,434 | 407,382 | 437,045 | 691,693 | 383,223 | 359,083 | 402,924 | 369,073 | 380,709 | 325,927 | 388,006 |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | ||||||||||||||||
| provisions | 4,478 | 1,152 | 668 | 668 | 523 | 331 | 513 | 597 | 385 | 210 | 558 | 1,285 | 2,151 | 2,335 | 412 | 2,384 |
| total long term liabilities | 4,478 | 1,152 | 668 | 668 | 523 | 331 | 513 | 597 | 385 | 210 | 558 | 1,285 | 2,151 | 2,335 | 412 | 2,384 |
| total liabilities | 842,672 | 608,829 | 516,334 | 213,452 | 239,613 | 224,765 | 407,895 | 437,642 | 692,078 | 383,433 | 359,641 | 404,209 | 371,224 | 383,044 | 326,339 | 390,390 |
| net assets | 1,161,643 | 603,006 | 1,885,267 | 1,651,108 | 1,150,452 | 943,208 | 1,023,308 | 831,997 | 646,550 | 572,961 | 442,476 | 428,800 | 321,435 | 289,560 | 244,167 | 349,320 |
| total shareholders funds | 1,161,643 | 603,006 | 1,885,267 | 1,651,108 | 1,150,452 | 943,208 | 1,023,308 | 831,997 | 646,550 | 572,961 | 442,476 | 428,800 | 321,435 | 289,560 | 244,167 | 349,320 |
| Mar 2024 | Mar 2023 | Oct 2022 | Dec 2021 | Dec 2020 | 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 | 727,193 | 268,569 | 333,948 | |||||||||||||
| Depreciation | 10,825 | 1,096 | 1,641 | 1,846 | 1,370 | 1,867 | 2,134 | 1,385 | 1,741 | 2,214 | 7,366 | 9,745 | 7,216 | 29,368 | 12,873 | |
| Amortisation | ||||||||||||||||
| Tax | -178,029 | -53,036 | -77,200 | |||||||||||||
| Stock | ||||||||||||||||
| Debtors | 958,161 | 93,872 | -48,215 | 16,816 | 139,513 | -257,901 | 9,406 | -17,698 | 14,133 | 35,805 | 6,240 | -75,090 | 41,641 | 78,864 | -51,124 | 287,743 |
| Creditors | 157,215 | 83,971 | 277,474 | -11,975 | -49,079 | -105,420 | -35,047 | 20,792 | 20,722 | -132,130 | -43,841 | 33,851 | -11,636 | 54,782 | -62,079 | 388,006 |
| Accruals and Deferred Income | -114,415 | 1,231 | 25,408 | -14,331 | 63,735 | -77,528 | 5,384 | -275,440 | 287,748 | 156,270 | ||||||
| Deferred Taxes & Provisions | 3,326 | 484 | 145 | 192 | -182 | -84 | 212 | 175 | -348 | -727 | -866 | -184 | 1,923 | -1,972 | 2,384 | |
| Cash flow from operations | -352,046 | 207,347 | 608,941 | |||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | ||||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | 187,717 | 6,809 | ||||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | 9,473 | 2,206 | 1,755 | |||||||||||||
| cash flow from financing | 197,190 | -1,490,985 | -22,589 | |||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -181,579 | -1,283,638 | 585,182 | 457,214 | 81,918 | -3,959 | 153,125 | -51,891 | 369,486 | 120,214 | -21,382 | 222,806 | -30,140 | 18,116 | -101,522 | 416,275 |
| overdraft | ||||||||||||||||
| change in cash | -181,579 | -1,283,638 | 585,182 | 457,214 | 81,918 | -3,959 | 153,125 | -51,891 | 369,486 | 120,214 | -21,382 | 222,806 | -30,140 | 18,116 | -101,522 | 416,275 |
premier choice insurance services limited Credit Report and Business Information
Premier Choice Insurance Services Limited Competitor Analysis
Perform a competitor analysis for premier choice insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in LS20 area or any other competitors across 12 key performance metrics.
premier choice insurance services limited Ownership
PREMIER CHOICE INSURANCE SERVICES LIMITED group structure
Premier Choice Insurance Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
PREMIER CHOICE INSURANCE SERVICES LIMITED
02383752
premier choice insurance services limited directors
Premier Choice Insurance Services Limited currently has 2 directors. The longest serving directors include Mr Gary Milburn (May 1992) and Mrs Kathren Wright (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Milburn | England | 59 years | May 1992 | - | Director |
| Mrs Kathren Wright | 53 years | Jan 2023 | - | Director |
P&L
March 2024turnover
1.4m
+169%
operating profit
727.2k
+171%
gross margin
85.5%
+11.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.2m
+0.93%
total assets
2m
+0.65%
cash
750.2k
-0.19%
net assets
Total assets minus all liabilities
premier choice insurance services limited company details
company number
02383752
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
May 1989
age
36
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
pleasantquote limited (April 1999)
accountant
-
auditor
-
address
elmwood house ghyll royd, guiseley, leeds, west yorkshire, LS20 9LT
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
premier choice insurance services 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 premier choice insurance services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
premier choice insurance services 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.
Click to start generating capital raising & share issue transactions for PREMIER CHOICE INSURANCE SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
premier choice insurance services limited Companies House Filings - See Documents
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