Philip Gibbs Insurance Brokers Limited

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philip gibbs insurance brokers limited Company Information

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MatureMicroHealthy

Company Number

02456429

Website

http://www.pgib.co.uk

Registered Address

a4 links house dundas lane, portsmouth, PO3 5BL

Industry

Non-life insurance

Telephone

02392671133

Next Accounts Due

December 2025

Group Structure

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Directors

Sally Gibbs22 Years

Philip Gibbs22 Years

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Shareholders

philip roland gibbs 41%

sally gibbs 41%

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philip gibbs insurance brokers limited Estimated Valuation

£773.8k

Pomanda estimates the enterprise value of PHILIP GIBBS INSURANCE BROKERS LIMITED at £773.8k based on Net Assets of £524.2k and 1.48x industry multiple (adjusted for liquidity).

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Philip Gibbs Insurance Brokers Limited is a live company located in portsmouth, PO3 5BL with a Companies House number of 02456429. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 1989, it's largest shareholder is philip roland gibbs with a 41% stake. Philip Gibbs Insurance Brokers Limited is a mature, micro sized company, Pomanda has estimated its turnover at £394k with healthy growth in recent years.

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Pomanda's financial health check has awarded Philip Gibbs Insurance Brokers 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 Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £394k, make it smaller than the average company (£4.7m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9.9%)

EXPORT

Philip Gibbs Insurance Brokers Limited's latest turnover from March 2024 is estimated at £394 thousand and the company has net assets of £524.2 thousand. According to their latest financial statements, Philip Gibbs Insurance Brokers Limited has 7 employees and maintains cash reserves of £513.7 thousand 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	394,029	303,031	288,745	305,943	308,310	318,136	287,493	282,643	248,909	255,256	246,273	211,129	197,521	194,393	109,404
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,492	5,410	9,361	9,712	13,476	19,857	18,633	26,690	23,589	43,870	51,726	52,463	45,603	50,404	28,704
Gross Profit	391,537	297,621	279,384	296,231	294,834	298,279	268,860	255,953	225,321	211,386	194,548	158,666	151,918	143,989	80,700
Admin Expenses	409,929	234,991	294,269	274,743	301,721	284,202	265,912	194,515	197,629	350,479	168,654	161,415	49,953	24,447	-52,865
Operating Profit	-18,392	62,630	-14,885	21,488	-6,887	14,077	2,948	61,438	27,692	-139,093	25,894	-2,749	101,965	119,542	133,565
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	26,381	21,749	3,503	439	481	3,579	1,947	881	1,650	1,887	1,964	1,995	1,960	1,457	627
Pre-Tax Profit	7,989	84,379	-11,382	21,927	-6,406	17,657	4,895	62,319	29,341	-137,206	27,858	-754	103,924	120,999	134,192
Tax	-1,997	-16,032	0	-4,166	0	-3,355	-930	-12,464	-5,868	0	-6,407	0	-27,020	-33,880	-37,574
Profit After Tax	5,992	68,347	-11,382	17,761	-6,406	14,302	3,965	49,855	23,473	-137,206	21,451	-754	76,904	87,119	96,618
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	5,992	68,347	-11,382	17,761	-6,406	14,302	3,965	49,855	23,473	-137,206	21,451	-754	76,904	87,119	96,618
Employee Costs	469,875	360,061	366,139	344,854	328,065	345,810	295,012	292,371	239,320	96,098	95,495	91,791	88,077	87,892	45,248
Number Of Employees	7	7	7	7	7	7	6	6	5	2	2	2	2	2	1
EBITDA*	-17,391	64,512	4,133	41,908	13,151	32,323	19,760	77,335	44,452	-119,768	45,501	17,067	118,919	135,998	149,212

* 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	1,157	1,512	2,336	6,354	8,700	4,795	7,833	3,057	1,608	1,567	5,711	9,845	2,074	3,920	2,136
Intangible Assets	0	0	0	15,000	30,000	45,000	60,000	75,000	90,000	105,000	120,000	135,000	150,000	165,000	180,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	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	1,157	1,512	2,336	21,354	38,700	49,795	67,833	78,057	91,608	106,567	125,711	144,845	152,074	168,920	182,136
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	43,123	30,693	26,680	42,610	39,513	37,484	51,694	51,383	53,949	125,142	129,521	111,444	99,295	98,921	49,983
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	140,795	101,181	120,431	114,021	85,984	78,394	85,215	101,678	84,429	0	0	0	0	0	0
Cash	513,717	541,528	481,969	452,098	425,891	535,716	418,787	360,120	344,596	315,303	439,361	346,411	451,694	332,128	250,692
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	697,635	673,402	629,080	608,729	551,388	651,594	555,696	513,181	482,974	440,445	568,882	457,855	550,989	431,049	300,675
total assets	698,792	674,914	631,416	630,083	590,088	701,389	623,529	591,238	574,582	547,012	694,593	602,700	703,063	599,969	482,811
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,400	0	0	0	0	0	0	0	0	187,655	194,063	126,814	228,014	201,480	171,884
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	170,488	155,979	178,262	163,783	143,582	249,540	183,921	158,337	190,590	0	0	0	0	0	0
total current liabilities	172,888	155,979	178,262	163,783	143,582	249,540	183,921	158,337	190,590	187,655	194,063	126,814	228,014	201,480	171,884
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,445	310	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	220	378	3,254	5,018	2,985	1,922	3,983	1,241	2,187	1,025	4,992	1,799	208	552	109
total long term liabilities	1,665	688	3,254	5,018	2,985	1,922	3,983	1,241	2,187	1,025	4,992	1,799	208	552	109
total liabilities	174,553	156,667	181,516	168,801	146,567	251,462	187,904	159,578	192,777	188,680	199,055	128,613	228,222	202,032	171,993
net assets	524,239	518,247	449,900	461,282	443,521	449,927	435,625	431,660	381,805	358,332	495,538	474,087	474,841	397,937	310,818
total shareholders funds	524,239	518,247	449,900	461,282	443,521	449,927	435,625	431,660	381,805	358,332	495,538	474,087	474,841	397,937	310,818

	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	-18,392	62,630	-14,885	21,488	-6,887	14,077	2,948	61,438	27,692	-139,093	25,894	-2,749	101,965	119,542	133,565
Depreciation	1,001	1,882	4,018	5,420	5,038	3,246	1,803	897	1,760	4,325	4,607	4,816	1,954	1,456	647
Amortisation	0	0	15,000	15,000	15,000	15,000	15,009	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000
Tax	-1,997	-16,032	0	-4,166	0	-3,355	-930	-12,464	-5,868	0	-6,407	0	-27,020	-33,880	-37,574
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	52,044	-15,237	-9,520	31,134	9,619	-21,031	-16,152	14,683	13,236	-4,379	18,077	12,149	374	48,938	49,983
Creditors	2,400	0	0	0	0	0	0	0	-187,655	-6,408	67,249	-101,200	26,534	29,596	171,884
Accruals and Deferred Income	14,509	-22,283	14,479	20,201	-105,958	65,619	25,584	-32,253	190,590	0	0	0	0	0	0
Deferred Taxes & Provisions	-158	-2,876	-1,764	2,033	1,063	-2,061	2,742	-946	1,162	-3,967	3,193	1,591	-344	443	109
Cash flow from operations	-54,681	38,558	26,368	28,842	-101,363	113,557	63,308	16,989	29,445	-125,764	91,459	-94,691	117,715	83,219	233,648
Investing Activities
capital expenditure	-646	-1,058	0	-3,074	-8,943	-208	-6,588	-2,346	-1,801	-181	-473	-12,587	-108	-3,240	-197,783
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-646	-1,058	0	-3,074	-8,943	-208	-6,588	-2,346	-1,801	-181	-473	-12,587	-108	-3,240	-197,783
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	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	1,135	310	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	214,200
interest	26,381	21,749	3,503	439	481	3,579	1,947	881	1,650	1,887	1,964	1,995	1,960	1,457	627
cash flow from financing	27,516	22,059	3,503	439	481	3,579	1,947	881	1,650	1,887	1,964	1,995	1,960	1,457	214,827
cash and cash equivalents
cash	-27,811	59,559	29,871	26,207	-109,825	116,929	58,667	15,524	29,293	-124,058	92,950	-105,283	119,566	81,436	250,692
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-27,811	59,559	29,871	26,207	-109,825	116,929	58,667	15,524	29,293	-124,058	92,950	-105,283	119,566	81,436	250,692

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PHILIP GIBBS INSURANCE BROKERS LIMITED group structure

Philip Gibbs Insurance Brokers Limited has no subsidiary companies.

Ultimate parent company

PHILIP GIBBS INSURANCE BROKERS LIMITED

02456429

PHILIP GIBBS INSURANCE BROKERS LIMITED Shareholders

philip roland gibbs	41%
sally gibbs	41%
lisa jane seager	18%

Philip Gibbs Insurance Brokers Limited currently has 3 directors. The longest serving directors include Mrs Sally Gibbs (Mar 2002) and Mr Philip Gibbs (Mar 2002).

officer	country	age	start	end	role
Mrs Sally Gibbs	England	69 years	Mar 2002	-	Director
Mr Philip Gibbs	England	72 years	Mar 2002	-	Director
Mrs Lisa Seager	England	42 years	Apr 2021	-	Director

P&L

March 2024

turnover

394k

+30%

operating profit

-18.4k

gross margin

99.4%

+1.17%

turnover

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

Balance Sheet

March 2024

net assets

524.2k

+0.01%

total assets

698.8k

+0.04%

cash

513.7k

-0.05%

net assets

Total assets minus all liabilities

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company number

02456429

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

December 1989

accounts

Total Exemption Full

ultimate parent company

None

previous names

a.i.m. commercial limited (March 2002)

last accounts submitted

March 2024

address

a4 links house dundas lane, portsmouth, PO3 5BL

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 philip gibbs insurance brokers limited. Currently there are 0 open charges and 2 have been satisfied in the past.

philip gibbs insurance brokers limited Company Information

philip gibbs insurance brokers limited Estimated Valuation

philip gibbs insurance brokers limited Estimated Valuation

philip gibbs insurance brokers limited Estimated Valuation

Philip Gibbs Insurance Brokers Limited Overview

Philip Gibbs Insurance Brokers Limited Health Check

PHILIP GIBBS INSURANCE BROKERS LIMITED financials

philip gibbs insurance brokers limited Credit Report and Business Information

Philip Gibbs Insurance Brokers Limited Competitor Analysis

philip gibbs insurance brokers limited Ownership

philip gibbs insurance brokers limited directors

philip gibbs insurance brokers limited company details

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