sabre insurance company limited

sabre insurance company limited Company Information

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Company Number

02387080

Industry

Non-life insurance

 

Shareholders

binomial group ltd

Group Structure

View All

Contact

Registered Address

sabre house, 150 south street, dorking, surrey, RH4 2YY

sabre insurance company limited Estimated Valuation

£65.8m

Pomanda estimates the enterprise value of SABRE INSURANCE COMPANY LIMITED at £65.8m based on a Turnover of £49m and 1.34x industry multiple (adjusted for size and gross margin).

sabre insurance company limited Estimated Valuation

£430.9m

Pomanda estimates the enterprise value of SABRE INSURANCE COMPANY LIMITED at £430.9m based on an EBITDA of £24.1m and a 17.91x industry multiple (adjusted for size and gross margin).

sabre insurance company limited Estimated Valuation

£147m

Pomanda estimates the enterprise value of SABRE INSURANCE COMPANY LIMITED at £147m based on Net Assets of £86.4m and 1.7x industry multiple (adjusted for liquidity).

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Sabre Insurance Company Limited Overview

Sabre Insurance Company Limited is a live company located in dorking, RH4 2YY with a Companies House number of 02387080. It operates in the non-life insurance sector, SIC Code 65120. Founded in May 1989, it's largest shareholder is binomial group ltd with a 100% stake. Sabre Insurance Company Limited is a mature, large sized company, Pomanda has estimated its turnover at £49m with declining growth in recent years.

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Sabre Insurance Company Limited Health Check

Pomanda's financial health check has awarded Sabre Insurance Company Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £49m, make it larger than the average company (£2.1m)

£49m - Sabre Insurance Company Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (8.7%)

-34% - Sabre Insurance Company Limited

8.7% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Sabre Insurance Company Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 48.9% make it more profitable than the average company (17.5%)

48.9% - Sabre Insurance Company Limited

17.5% - Industry AVG

employees

Employees

with 157 employees, this is above the industry average (26)

157 - Sabre Insurance Company Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £88.3k, the company has a higher pay structure (£65.6k)

£88.3k - Sabre Insurance Company Limited

£65.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £311.9k, this is more efficient (£163.5k)

£311.9k - Sabre Insurance Company Limited

£163.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1242 days, this is later than average (216 days)

1242 days - Sabre Insurance Company Limited

216 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Sabre Insurance Company Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sabre Insurance Company Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (18 weeks)

4 weeks - Sabre Insurance Company Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 81.8%, this is a similar level of debt than the average (81.5%)

81.8% - Sabre Insurance Company Limited

81.5% - Industry AVG

SABRE INSURANCE COMPANY LIMITED financials

EXPORTms excel logo

Sabre Insurance Company Limited's latest turnover from December 2023 is £49 million and the company has net assets of £86.4 million. According to their latest financial statements, Sabre Insurance Company Limited has 157 employees and maintains cash reserves of £35.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover48,963,00035,056,000152,658,000173,902,000190,976,000194,916,000191,847,000191,251,000157,211,000139,037,000138,317,000152,581,000157,918,000117,210,00088,369,000
Other Income Or Grants000000000000000
Cost Of Sales0017,9880001,867,9475,919,09715,067,24323,895,78831,190,32037,711,23441,687,43933,495,7150
Gross Profit48,963,00035,056,000152,640,012173,902,000190,976,000194,916,000189,979,053185,331,903142,143,757115,141,212107,126,680114,869,767116,230,56183,714,2850
Admin Expenses25,042,31221,207,113114,786,124123,846,858134,348,444132,919,280129,025,789119,831,35498,695,00755,470,23150,757,41175,934,97791,683,86257,653,963-39,077,829
Operating Profit23,920,68813,848,88737,853,88850,055,14256,627,55661,996,72060,953,26465,500,54943,448,75059,670,98156,369,26938,934,79024,546,69926,060,32239,077,829
Interest Payable05,00016,00013,00018,000000000019,565221,618202,053
Interest Receivable1,380,645823,95383,14933,747194,666203,280107,230100,701362,500203,70348,91378,36874,21855,74028,390
Pre-Tax Profit24,805,00015,009,00038,039,00050,069,00056,855,00062,211,00061,428,00065,607,00043,953,00060,017,00056,576,00039,249,00024,761,00025,903,00038,774,000
Tax-5,829,000-3,124,000-7,310,000-9,497,000-10,829,000-11,829,000-11,969,000-13,126,000-8,904,000-12,716,000-13,134,000-9,599,000-6,556,000-7,259,000-10,763,000
Profit After Tax18,976,00011,885,00030,729,00040,572,00046,026,00050,382,00049,459,00052,481,00035,049,00047,301,00043,442,00029,650,00018,205,00018,644,00028,011,000
Dividends Paid8,250,00030,250,00041,500,00045,000,00043,750,00024,000,00027,560,00053,975,00025,644,00069,447,00022,513,00028,308,00015,526,00012,500,00024,774,000
Retained Profit10,726,000-18,365,000-10,771,000-4,428,0002,276,00026,382,00021,899,000-1,494,0009,405,000-22,146,00020,929,0001,342,0002,679,0006,144,0003,237,000
Employee Costs13,869,00012,536,0007,634,0007,796,0005,979,0006,219,0005,912,0005,341,0004,132,0003,799,0006,647,0006,066,0005,712,0005,675,0004,313,000
Number Of Employees157151154161160154152146144129131129124118116
EBITDA*24,060,68813,956,88737,989,88850,231,14256,792,55662,181,72061,190,26465,743,54943,699,75059,917,98156,594,26939,134,79024,726,69926,206,32239,217,829

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets5,076,0006,387,00018,864,00019,154,00021,178,00020,348,00018,567,00018,062,00017,857,00015,509,000307,163,000285,264,000267,248,000244,931,000187,568,000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets5,076,0006,387,00018,864,00019,154,00021,178,00020,348,00018,567,00018,062,00017,857,00015,509,000307,163,000285,264,000267,248,000244,931,000187,568,000
Stock & work in progress000000000000000
Trade Debtors166,726,000136,954,000150,386,000133,981,000122,721,000120,223,000149,296,00087,931,00067,038,00059,529,00011,321,00011,210,000000
Group Debtors000000000000000
Misc Debtors000000000000000
Cash35,056,00017,540,00029,543,00036,976,00030,518,00021,393,00032,815,00010,077,00070,484,00074,516,0006,965,00012,600,00018,747,00010,940,00011,356,000
misc current assets264,679,000229,158,000234,667,000246,281,000263,629,000287,142,000244,031,000234,290,000177,354,000143,239,0002,861,0002,865,0002,083,0003,042,0001,282,000
total current assets468,701,000387,585,000415,214,000418,405,000420,462,000433,266,000428,996,000334,464,000317,061,000279,757,00028,820,00034,649,00036,004,00024,799,00020,972,000
total assets473,777,000393,972,000434,078,000437,559,000441,640,000453,614,000447,563,000352,526,000334,918,000295,266,000335,983,000319,913,000303,252,000269,730,000208,540,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 374,839,000314,341,00013,045,000226,546,000212,167,000215,757,000242,388,000284,397,000252,943,000222,849,00013,577,00012,923,00012,925,00010,383,0009,796,000
Group/Directors Accounts000000000000000
other short term finances0000000000000602,0006,217,000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities387,364,000320,741,000338,356,000328,023,000331,288,000346,644,000368,513,000297,883,000278,786,000249,097,00025,176,00022,770,00020,468,00020,782,00026,938,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities00580,000125,0000005,00000242,615,000249,880,000236,863,000205,706,000144,504,000
total liabilities387,364,000320,741,000338,936,000328,148,000331,288,000346,644,000368,513,000297,888,000278,786,000249,097,000267,791,000272,650,000257,331,000226,488,000171,442,000
net assets86,413,00073,231,00095,142,000109,411,000110,352,000106,970,00079,050,00054,638,00056,132,00046,169,00068,192,00047,263,00045,921,00043,242,00037,098,000
total shareholders funds86,413,00073,231,00095,142,000109,411,000110,352,000106,970,00079,050,00054,638,00056,132,00046,169,00068,192,00047,263,00045,921,00043,242,00037,098,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit23,920,68813,848,88737,853,88850,055,14256,627,55661,996,72060,953,26465,500,54943,448,75059,670,98156,369,26938,934,79024,546,69926,060,32239,077,829
Depreciation140,000108,000136,000176,000165,000185,000237,000243,000251,000247,000225,000200,000180,000146,000140,000
Amortisation000000000000000
Tax-5,829,000-3,124,000-7,310,000-9,497,000-10,829,000-11,829,000-11,969,000-13,126,000-8,904,000-12,716,000-13,134,000-9,599,000-6,556,000-7,259,000-10,763,000
Stock000000000000000
Debtors29,772,000-13,432,00016,405,00011,260,0002,498,000-29,073,00061,365,00020,893,0007,509,00048,208,000111,00011,210,000000
Creditors60,498,000301,296,000-213,501,00014,379,000-3,590,000-26,631,000-42,009,00031,454,00030,094,000209,272,000654,000-2,0002,542,000587,0009,796,000
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations48,957,688325,560,887-199,226,11243,853,14239,875,55652,794,720-54,152,73663,178,54957,380,750208,265,98144,003,26918,323,79020,712,69919,534,32238,250,829
Investing Activities
capital expenditure1,171,00012,369,000154,0001,848,000-995,000-1,966,000-742,000-448,000-2,599,000291,407,000-22,124,000-18,216,000-22,497,000-57,509,000-187,708,000
Change in Investments000000000000000
cash flow from investments1,171,00012,369,000154,0001,848,000-995,000-1,966,000-742,000-448,000-2,599,000291,407,000-22,124,000-18,216,000-22,497,000-57,509,000-187,708,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000-602,000-5,615,0006,217,000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue2,456,000-3,546,000-3,498,0003,487,0001,106,0001,538,0002,513,0000558,000123,000000033,861,000
interest1,380,645818,95367,14920,747176,666203,280107,230100,701362,500203,70348,91378,36854,653-165,878-173,663
cash flow from financing3,836,645-2,727,047-3,430,8513,507,7471,282,6661,741,2802,620,230100,701920,500326,70348,91378,368-547,347-5,780,87839,904,337
cash and cash equivalents
cash17,516,000-12,003,000-7,433,0006,458,0009,125,000-11,422,00022,738,000-60,407,000-4,032,00067,551,000-5,635,000-6,147,0007,807,000-416,00011,356,000
overdraft000000000000000
change in cash17,516,000-12,003,000-7,433,0006,458,0009,125,000-11,422,00022,738,000-60,407,000-4,032,00067,551,000-5,635,000-6,147,0007,807,000-416,00011,356,000

sabre insurance company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sabre Insurance Company Limited Competitor Analysis

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Perform a competitor analysis for sabre insurance company limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in RH4 area or any other competitors across 12 key performance metrics.

sabre insurance company limited Ownership

SABRE INSURANCE COMPANY LIMITED group structure

Sabre Insurance Company Limited has no subsidiary companies.

Ultimate parent company

2 parents

SABRE INSURANCE COMPANY LIMITED

02387080

SABRE INSURANCE COMPANY LIMITED Shareholders

binomial group ltd 100%

sabre insurance company limited directors

Sabre Insurance Company Limited currently has 9 directors. The longest serving directors include Mr Trevor Webb (Mar 2010) and Mr Geoffrey Carter (Dec 2015).

officercountryagestartendrole
Mr Trevor Webb59 years Mar 2010- Director
Mr Geoffrey CarterUnited Kingdom55 years Dec 2015- Director
Mr Adam Westwood41 years Sep 2016- Director
Mrs Rebecca ShelleyGreat Britain59 years Dec 2017- Director
Mrs Karen GearyEngland62 years Dec 2020- Director
Mrs Alison MorrisUnited Kingdom65 years May 2022- Director
Mr Matthew WrightEngland37 years Dec 2022- Director
Mr Bryan Joseph65 years Jun 2023- Director
Mr Ian Chapple59 years Sep 2024- Director

P&L

December 2023

turnover

49m

+40%

operating profit

23.9m

0%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

86.4m

+0.18%

total assets

473.8m

+0.2%

cash

35.1m

+1%

net assets

Total assets minus all liabilities

sabre insurance company limited company details

company number

02387080

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

May 1989

age

35

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

nevrus (478) limited (August 1989)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

sabre house, 150 south street, dorking, surrey, RH4 2YY

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

DICKSON MINTO W.S.

sabre insurance company 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 did not find charges/mortgages relating to sabre insurance company limited.

sabre insurance company 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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sabre insurance company limited Companies House Filings - See Documents

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