Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE SERVICES LIMITED at £6.2m based on a Turnover of £7.4m and 0.84x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE SERVICES LIMITED at £10.2m based on an EBITDA of £3.4m and a 3.05x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE SERVICES LIMITED at £5.9m based on Net Assets of £4.8m and 1.23x industry multiple (adjusted for liquidity).
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Independent Trustee Services LimitedOverview
Independent Trustee Services Limited is a live company located in london, EC1N 2LL with a Companies House number of 02567540. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 1990, it's largest shareholder is
jlt benefit solutions ltd
with a 100% stake. Independent Trustee Services Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£7.4m with
high
growth in recent years.
Pomanda's financial health check has awarded Independent Trustee Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
3 Regular
3 Weak
Size
annual sales of £7.4m, make it larger than the average company (£5.1m)
£7.4m - Independent Trustee Services Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.8%)
15% - Independent Trustee Services Limited
6.8% - Industry AVG
Production
with a gross margin of 14.6%, this company has a higher cost of product (56.1%)
14.6% - Independent Trustee Services Limited
56.1% - Industry AVG
Profitability
an operating margin of 44.8% make it more profitable than the average company (9.4%)
44.8% - Independent Trustee Services Limited
9.4% - Industry AVG
Employees
with 40 employees, this is above the industry average (12)
40 - Independent Trustee Services Limited
12 - Industry AVG
Pay Structure
on an average salary of £79.4k, the company has an equivalent pay structure (£79.4k)
£79.4k - Independent Trustee Services Limited
£79.4k - Industry AVG
Efficiency
resulting in sales per employee of £183.8k, this is equally as efficient (£213.2k)
£183.8k - Independent Trustee Services Limited
£213.2k - Industry AVG
Debtor Days
it gets paid by customers after 174 days, this is later than average (32 days)
174 days - Independent Trustee Services Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (41 days)
2 days - Independent Trustee Services Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Independent Trustee Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 23 weeks, this is average cash available to meet short term requirements (28 weeks)
23 weeks - Independent Trustee Services Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.2%, this is a lower level of debt than the average (69.3%)
29.2% - Independent Trustee Services Limited
69.3% - Industry AVG
INDEPENDENT TRUSTEE SERVICES LIMITED financials
EXPORT
Independent Trustee Services Limited's latest turnover from March 2024 is estimated at £7.4 million and the company has net assets of £4.8 million. According to their latest financial statements, Independent Trustee Services Limited has 40 employees and maintains cash reserves of £906.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
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
7,352,934
4,028,098
4,832,321
4,047,613
3,587,746
5,228,103
5,064,378
5,163,497
4,946,789
5,031,942
4,805,585
5,162,638
4,767,768
4,196,177
3,270,538
Other Income Or Grants
Cost Of Sales
6,276,874
3,327,376
4,044,241
3,355,591
2,983,651
4,327,471
4,099,882
3,915,563
3,422,739
3,621,260
3,500,119
3,804,511
3,603,844
3,239,303
Gross Profit
1,076,060
700,723
788,080
692,022
604,095
900,632
964,496
1,247,934
1,524,050
1,410,682
1,305,466
1,358,127
1,163,924
956,874
Admin Expenses
-2,217,920
-2,107,485
287,190
237,130
9,085,350
-425,870
-265,113
67,172
453,144
-57,879
-699,009
-999,823
-689,563
-303,368
-1,490,553
Operating Profit
3,293,980
2,808,208
500,890
454,892
-8,481,255
1,326,502
1,229,609
1,180,762
1,070,906
1,468,561
2,004,475
2,357,950
1,853,487
1,260,242
1,490,553
Interest Payable
79,820
102,801
91,898
88,619
1
61,262
Interest Receivable
31,471
6,223
906
769
3,945
489,438
320,185
116,247
266,830
310,872
249,055
224,592
144,796
24,451
71,199
Pre-Tax Profit
3,325,451
2,814,431
501,796
455,662
-8,477,310
1,815,940
1,549,794
1,297,009
1,257,916
1,676,632
2,161,632
2,493,923
1,998,282
1,285,693
1,500,490
Tax
-831,363
-534,742
-95,341
-86,576
-46,746
-38,880
-4,674
105,633
142,218
108,432
-81,466
-169,551
60,132
-420,126
Profit After Tax
2,494,088
2,279,689
406,455
369,086
-8,477,310
1,769,194
1,510,914
1,292,335
1,363,549
1,818,850
2,270,064
2,412,457
1,828,731
1,345,825
1,080,364
Dividends Paid
7,000,000
500,000
1,000,000
Retained Profit
2,494,088
2,279,689
406,455
369,086
-8,477,310
1,769,194
1,510,914
-5,707,665
1,363,549
1,818,850
1,770,064
2,412,457
1,828,731
1,345,825
80,364
Employee Costs
3,175,676
3,325,338
2,780,000
2,171,820
1,918,861
Number Of Employees
40
45
36
29
26
11
11
12
12
12
12
12
11
10
EBITDA*
3,351,830
2,857,400
529,891
476,787
-8,481,255
1,326,502
1,229,609
1,180,762
1,070,906
1,468,561
2,004,475
2,357,950
1,853,487
1,260,242
1,490,553
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
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
104,681
114,438
50,865
51,347
56,086
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
104,681
114,438
50,865
51,347
56,086
Stock & work in progress
Trade Debtors
3,518,224
1,238,663
2,244,611
1,845,245
1,603,554
1,315,479
1,187,859
1,046,517
890,023
1,120,846
961,576
856,403
920,934
941,345
727,085
Group Debtors
1,799,919
1,642,603
434,519
187,242
7,998,087
6,428,319
4,723,851
10,837,763
9,393,166
7,798,018
6,240,143
5,121,105
4,661,324
3,303,809
Misc Debtors
411,114
976,386
28,776
9,224
456,899
343,078
443,063
328,791
336,228
383,227
254,505
52,243
167,013
254,146
Cash
906,061
292,830
217,648
507,448
1,031,442
20,637
22,874
216,800
76,645
25,066
55,853
190,470
122,518
116,312
315,226
misc current assets
1
total current assets
6,635,318
4,150,482
2,925,554
2,549,159
2,634,996
9,791,103
7,982,130
6,430,231
12,133,222
10,875,306
9,198,674
7,541,521
6,216,800
5,885,994
4,600,266
total assets
6,739,999
4,264,920
2,976,419
2,600,506
2,691,082
9,791,103
7,982,130
6,430,231
12,133,222
10,875,306
9,198,674
7,541,521
6,216,800
5,885,994
4,600,266
Bank overdraft
Bank loan
Trade Creditors
45,057
300,646
60,056
63,051
294,454
Group/Directors Accounts
808,800
1,079,149
525,861
1,173,681
2,841,122
2,841,122
other short term finances
hp & lease commitments
other current liabilities
1,112,265
605,336
1,171,440
1,197,567
897,813
350,084
300,387
259,402
254,728
360,361
502,579
615,490
529,545
360,029
420,126
total current liabilities
1,966,122
1,985,131
1,231,496
1,260,618
1,718,128
350,084
300,387
259,402
254,728
360,361
502,579
615,490
1,703,226
3,201,151
3,261,248
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
5,673
7,093
9,245
total long term liabilities
5,673
7,093
9,245
total liabilities
1,966,122
1,985,131
1,237,169
1,267,711
1,727,373
350,084
300,387
259,402
254,728
360,361
502,579
615,490
1,703,226
3,201,151
3,261,248
net assets
4,773,877
2,279,789
1,739,250
1,332,795
963,709
9,441,019
7,681,743
6,170,829
11,878,494
10,514,945
8,696,095
6,926,031
4,513,574
2,684,843
1,339,018
total shareholders funds
4,773,877
2,279,789
1,739,250
1,332,795
963,709
9,441,019
7,681,743
6,170,829
11,878,494
10,514,945
8,696,095
6,926,031
4,513,574
2,684,843
1,339,018
Mar 2024
Mar 2023
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
3,293,980
2,808,208
500,890
454,892
-8,481,255
1,326,502
1,229,609
1,180,762
1,070,906
1,468,561
2,004,475
2,357,950
1,853,487
1,260,242
1,490,553
Depreciation
57,850
49,192
29,001
21,895
Amortisation
Tax
-831,363
-534,742
-95,341
-86,576
-46,746
-38,880
-4,674
105,633
142,218
108,432
-81,466
-169,551
60,132
-420,126
Stock
Debtors
1,871,605
3,857,652
666,195
438,157
-8,166,911
1,811,209
1,745,825
-5,843,146
1,206,337
1,707,419
1,791,770
1,256,769
324,600
1,484,642
4,285,040
Creditors
-255,589
300,646
-2,995
-231,403
294,454
Accruals and Deferred Income
506,929
605,336
-26,127
299,754
547,729
49,697
40,985
4,674
-105,633
-142,218
-112,911
85,945
169,516
-60,097
420,126
Deferred Taxes & Provisions
-1,420
-2,152
9,245
Cash flow from operations
900,202
-629,012
-262,187
18,253
537,084
-481,756
-514,111
7,023,908
-135,431
-238,858
208,226
1,105,660
1,528,852
-224,365
-2,794,487
Investing Activities
capital expenditure
-48,093
-163,630
-28,519
-17,156
-56,086
Change in Investments
cash flow from investments
-48,093
-163,630
-28,519
-17,156
-56,086
Financing Activities
Bank loans
Group/Directors Accounts
-270,349
1,079,149
-525,861
525,861
-1,173,681
-1,667,441
2,841,122
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
-9,918
1,258,654
interest
31,471
6,223
906
769
3,945
489,438
320,185
116,247
187,010
208,071
157,157
135,973
144,795
24,451
9,937
cash flow from financing
-238,878
1,085,472
906
-525,092
529,806
479,520
320,185
116,247
187,010
208,071
157,157
-1,037,708
-1,522,646
24,451
4,109,713
cash and cash equivalents
cash
613,231
292,830
-289,800
-523,994
1,010,805
-2,237
-193,926
140,155
51,579
-30,787
-134,617
67,952
6,206
-198,914
315,226
overdraft
change in cash
613,231
292,830
-289,800
-523,994
1,010,805
-2,237
-193,926
140,155
51,579
-30,787
-134,617
67,952
6,206
-198,914
315,226
independent trustee services 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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independent trustee services limited Ownership
INDEPENDENT TRUSTEE SERVICES LIMITED group structure
Independent Trustee Services Limited has no subsidiary companies.
The sole shareholder of Independent Trustee Services Limited is Jlt Benefit Solutions Ltd.
jlt benefit solutions ltd
100%
independent trustee services limited directors
Independent Trustee Services Limited currently has 11 directors.
The longest serving directors include
Mr Christopher Martin (Feb 1992) and
Mr Hetal Kotecha (Apr 2005).
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 25 charges/mortgages relating to independent trustee services limited. Currently there are 2 open charges and 23 have been satisfied in the past.
independent trustee 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.
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independent trustee services limitedCompanies House Filings - See Documents
