independent trustee services limited
independent trustee services limited Company Information
Company Number
02567540
Next Accounts
Dec 2025
Shareholders
jlt benefit solutions ltd
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
westgate house 9 holborn, london, EC1N 2LL
Website
https://www.itslimited.co.ukindependent trustee services limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE SERVICES LIMITED at £7.3m based on a Turnover of £7.5m and 0.97x industry multiple (adjusted for size and gross margin).
independent trustee services limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE SERVICES LIMITED at £11.3m based on an EBITDA of £3.4m and a 3.36x industry multiple (adjusted for size and gross margin).
independent trustee services limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE SERVICES LIMITED at £6.4m based on Net Assets of £4.8m and 1.34x industry multiple (adjusted for liquidity).
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Independent Trustee Services Limited Overview
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 £7.5m with high growth in recent years.
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Independent Trustee Services Limited Health Check
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
5 Strong
3 Regular
3 Weak
Size
annual sales of £7.5m, make it larger than the average company (£5.2m)
- Independent Trustee Services Limited
£5.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.6%)
- Independent Trustee Services Limited
6.6% - Industry AVG
Production
with a gross margin of 14.3%, this company has a higher cost of product (55.5%)
- Independent Trustee Services Limited
55.5% - Industry AVG
Profitability
an operating margin of 43.9% make it more profitable than the average company (9.2%)
- Independent Trustee Services Limited
9.2% - 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 £79.9k, the company has an equivalent pay structure (£79.9k)
- Independent Trustee Services Limited
£79.9k - Industry AVG
Efficiency
resulting in sales per employee of £187.5k, this is equally as efficient (£218k)
- Independent Trustee Services Limited
£218k - Industry AVG
Debtor Days
it gets paid by customers after 171 days, this is later than average (32 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)
- 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 (29 weeks)
23 weeks - Independent Trustee Services Limited
29 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 (68.8%)
29.2% - Independent Trustee Services Limited
68.8% - Industry AVG
INDEPENDENT TRUSTEE SERVICES LIMITED financials
Independent Trustee Services Limited's latest turnover from March 2024 is estimated at £7.5 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 | 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 | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 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 | 489,438 | 320,185 | 116,247 | 266,830 | 310,872 | 249,055 | 224,592 | 144,796 | 24,451 | 71,199 | |||||
| Pre-Tax Profit | 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 | -46,746 | -38,880 | -4,674 | 105,633 | 142,218 | 108,432 | -81,466 | -169,551 | 60,132 | -420,126 | |||||
| Profit After Tax | 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 | 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 | |||||||||||||||
| Number Of Employees | 40 | 45 | 36 | 29 | 26 | ||||||||||
| EBITDA* | 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 | 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 | -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 | -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 | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| 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 | |||||||||||||||
| interest | 489,438 | 320,185 | 116,247 | 187,010 | 208,071 | 157,157 | 135,973 | 144,795 | 24,451 | 9,937 | |||||
| cash flow from financing | 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
Independent Trustee Services Limited Competitor Analysis
Perform a competitor analysis for independent trustee services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC1N area or any other competitors across 12 key performance metrics.
independent trustee services limited Ownership
INDEPENDENT TRUSTEE SERVICES LIMITED group structure
Independent Trustee Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
INDEPENDENT TRUSTEE SERVICES LIMITED
02567540
independent trustee services limited directors
Independent Trustee Services Limited currently has 10 directors. The longest serving directors include Mr Christopher Martin (Feb 1992) and Mr Hetal Kotecha (Apr 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Martin | England | 59 years | Feb 1992 | - | Director |
| Mr Hetal Kotecha | England | 47 years | Apr 2005 | - | Director |
| Mr Dinesh Visavadia | 66 years | Apr 2017 | - | Director | |
| Mrs Janine Wood | England | 56 years | Apr 2017 | - | Director |
| Ms Rachel Croft | England | 50 years | Apr 2017 | - | Director |
| Ms Helen Frisby | England | 49 years | May 2018 | - | Director |
| Mr Mark Evans | England | 59 years | Jan 2019 | - | Director |
| Mr Anthony Livingstone | England | 54 years | Feb 2023 | - | Director |
| Mr Andrew Bradshaw | United Kingdom | 50 years | Feb 2023 | - | Director |
| Ms Catherine Hardingham | United Kingdom | 47 years | Jun 2024 | - | Director |
P&L
March 2024turnover
7.5m
+87%
operating profit
3.3m
0%
gross margin
14.4%
-15.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
4.8m
+1.09%
total assets
6.7m
+0.58%
cash
906.1k
+2.09%
net assets
Total assets minus all liabilities
independent trustee services limited company details
company number
02567540
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
December 1990
age
35
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
westgate house 9 holborn, london, EC1N 2LL
Bank
ABBEY NATIONAL PLC
Legal Advisor
-
independent trustee 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 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 limited Companies House Filings - See Documents
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