Tt Club Mutual Insurance Limited

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tt club mutual insurance limited Company Information

Live

MatureLargeHealthy

Company Number

02657093

Website

www.ttclub.com

Registered Address

90 fenchurch street, london, EC3M 4ST

Industry

Non-life insurance

Telephone

02072834646

Next Accounts Due

September 2024

Group Structure

View All

Directors

Charles Fenton15 Years

Josef Kuttel14 Years

View All

Shareholders

-0%

tt club mutual insurance limited Estimated Valuation

£69m

Pomanda estimates the enterprise value of TT CLUB MUTUAL INSURANCE LIMITED at £69m based on Net Assets of £49.8m and 1.39x industry multiple (adjusted for liquidity).

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Tt Club Mutual Insurance Limited is a live company located in london, EC3M 4ST with a Companies House number of 02657093. It operates in the non-life insurance sector, SIC Code 65120. Founded in October 1991, it's largest shareholder is unknown. Tt Club Mutual Insurance Limited is a mature, large sized company, Pomanda has estimated its turnover at £34.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Tt Club Mutual Insurance Limited a 3 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 Rating3out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £34.4m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TT CLUB MUTUAL INSURANCE LIMITED group structure

Tt Club Mutual Insurance Limited has no subsidiary companies.

Ultimate parent company

TT CLUB MUTUAL INSURANCE LIMITED

02657093

TT CLUB MUTUAL INSURANCE LIMITED Shareholders

Tt Club Mutual Insurance Limited currently has 8 directors. The longest serving directors include Mr Charles Fenton (Mar 2009) and Mr Josef Kuttel (Sep 2009).

officer	country	age	start	end	role
Mr Charles Fenton		60 years	Mar 2009	-	Director
Mr Josef Kuttel		71 years	Sep 2009	-	Director
Mr Niels Smedegaard		61 years	Jun 2016	-	Director
Mr Marcus Hine	England	63 years	Jul 2021	-	Director
Mr John Chambers	England	59 years	Jun 2022	-	Director
Mr Morten Engelstoft		57 years	Oct 2022	-	Director
Mr Miguel Albuquerque D'Orey		50 years	Jul 2023	-	Director
Mr Ehsan Chowdhury		55 years	Sep 2023	-	Director

EXPORT

Tt Club Mutual Insurance Limited's latest turnover from December 2022 is £34.4 million and the company has net assets of £49.8 million. According to their latest financial statements, we estimate that Tt Club Mutual Insurance Limited has 222 employees and maintains cash reserves of £41.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 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	34,439,357	30,884,337	30,262,410	24,560,480	24,127,731	25,057,600	22,674,953	21,665,782	23,771,842	19,870,392	19,140,379	18,942,499	19,781,116	18,261,763
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,041,018	772,079	769,839	1,083,256	974,487	1,377,018	1,742,236	2,076,468	4,085,581	4,707,147	4,730,650	4,780,962	5,392,831	0
Gross Profit	33,398,340	30,112,258	29,492,570	23,477,223	23,153,244	23,680,582	20,932,717	19,589,314	19,686,261	15,163,245	14,409,729	14,161,537	14,388,284	0
Admin Expenses	29,546,878	28,854,961	24,536,418	18,047,810	22,499,954	20,706,167	19,939,908	21,570,334	19,823,311	16,611,288	14,462,660	12,966,159	11,199,100	-2,578,146
Operating Profit	3,851,462	1,257,297	4,956,152	5,429,413	653,290	2,974,415	992,809	-1,981,020	-137,050	-1,448,043	-52,931	1,195,378	3,189,184	2,578,146
Interest Payable	8,838,739	3,670,722	2,365,690	1,999,766	1,625,323	1,150,737	916,431	668,427	283,530	210,646	231,916	192,104	131,823	0
Interest Receivable	1,241,896	91,336	36,343	222,413	273,459	179,285	67,690	128,776	120,372	122,933	124,231	114,099	100,380	41,121
Pre-Tax Profit	-2,686,747	-1,972,691	2,415,306	2,969,139	-625,758	1,417,600	426,365	-2,251,384	-310,985	-1,289,566	50,755	880,180	2,425,701	1,905,771
Tax	-1,058,635	-349,398	-287,594	-10,970	-72,816	204,800	-311,111	-269,286	10,777	-246,190	-211,372	-53,325	-152,128	-19,899
Profit After Tax	-3,745,382	-2,322,088	2,127,711	2,958,169	-698,574	1,622,400	115,254	-2,520,671	-300,208	-1,535,756	-160,617	826,855	2,273,573	1,885,872
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,745,382	-2,322,088	2,127,711	2,958,169	-698,574	1,622,400	115,254	-2,520,671	-300,208	-1,535,756	-160,617	826,855	2,273,573	1,885,872
Employee Costs	13,371,326	11,607,853	10,662,505	0	8,433,435	9,352,572	8,580,000	7,933,333	8,694,436	7,268,901	6,919,296	7,327,868	7,187,282	0
Number Of Employees	222	199	196	155	153	173	165	153	164	142	140	146	150	0
EBITDA*	3,851,462	1,257,297	4,956,152	5,429,413	653,290	2,974,415	992,809	-1,981,020	-137,050	-1,448,043	-52,931	1,195,378	3,189,184	2,578,146

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 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	528,812,851	467,205,622	381,525,713	324,690,654	323,334,345	310,001,600	297,545,009	316,298,263	311,981,372	286,418,523	291,220,045	260,429,810	243,653,636	257,539,637
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	528,812,851	467,205,622	381,525,713	324,690,654	323,334,345	310,001,600	297,545,009	316,298,263	311,981,372	286,418,523	291,220,045	260,429,810	243,653,636	257,539,637
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	50,670,683	47,683,534	37,958,404	33,770,660	33,225,121	45,658,400	33,774,765	26,387,772	28,821,492	30,631,106	21,398,651	27,269,515	24,482,958	18,811,862
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	41,854,618	29,110,843	43,958,079	28,727,512	30,582,524	42,340,000	29,374,011	24,778,123	26,732,353	21,416,569	27,756,505	21,935,753	23,703,704	16,448,424
misc current assets	1,090,763	511,647	1,152,003	532,397	557,494	446,400	441,431	233,634	36,179	39,729	181,818	358,497	30,811	77,669
total current assets	101,495,582	80,342,972	88,989,357	66,541,612	67,458,283	90,768,800	65,111,111	52,920,428	57,148,026	53,552,169	50,010,922	50,492,772	49,248,989	38,635,984
total assets	630,308,434	547,548,594	470,515,070	391,232,266	390,792,627	400,770,400	362,656,121	369,218,691	369,129,397	339,970,692	341,230,967	310,922,583	292,902,625	296,175,621
Bank overdraft	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
Trade Creditors	50,186,345	57,461,044	48,578,276	43,241,919	42,748,786	45,227,200	41,606,780	42,179,322	51,523,362	42,505,536	34,251,847	29,132,027	27,158,354	26,715,450
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	115,959,839	70,118,876	47,344,220	30,219,394	29,032,919	19,124,800	16,282,486	13,043,313	7,523,670	1,200,339	5,281,079	1,854,802	4,056,101	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	172,439,357	131,458,635	101,815,745	76,001,901	74,289,290	67,719,200	60,565,725	57,228,249	62,337,772	52,831,184	42,458,079	34,097,655	36,461,262	30,264,459
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	408,102,811	362,578,313	312,226,013	266,309,785	268,832,676	282,035,200	255,580,414	272,856,709	264,522,362	251,121,532	261,728,236	239,619,659	220,095,642	231,839,656
total liabilities	580,542,169	494,036,948	414,041,758	342,311,686	343,121,966	349,754,400	316,146,139	330,084,958	326,860,134	303,952,716	304,186,315	273,717,314	256,556,904	262,104,115
net assets	49,766,265	53,511,647	56,473,312	48,920,579	47,670,661	51,016,000	46,509,981	39,133,733	42,269,263	36,017,976	37,044,651	37,205,268	36,345,722	34,071,507
total shareholders funds	49,766,265	53,511,647	56,473,312	48,920,579	47,670,661	51,016,000	46,509,981	39,133,733	42,269,263	36,017,976	37,044,651	37,205,268	36,345,722	34,071,507

	Dec 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	3,851,462	1,257,297	4,956,152	5,429,413	653,290	2,974,415	992,809	-1,981,020	-137,050	-1,448,043	-52,931	1,195,378	3,189,184	2,578,146
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,058,635	-349,398	-287,594	-10,970	-72,816	204,800	-311,111	-269,286	10,777	-246,190	-211,372	-53,325	-152,128	-19,899
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	2,987,149	9,725,130	4,187,745	545,538	-12,433,279	11,883,635	7,386,992	-2,433,720	-1,809,614	9,232,455	-5,870,864	2,786,557	5,671,096	18,811,862
Creditors	-7,274,699	8,882,768	5,336,357	493,133	-2,478,414	3,620,420	-572,542	-9,344,040	9,017,826	8,253,689	5,119,820	1,973,673	442,904	26,715,450
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-7,469,021	65,537	5,817,170	5,366,038	10,535,339	-5,084,000	-7,277,836	-9,160,626	10,701,167	-2,672,999	10,726,381	329,169	-2,191,136	10,461,835
Investing Activities
capital expenditure	-61,607,229	-85,679,910	-56,835,059	-1,356,309	-13,332,745	-12,456,591	18,753,254	-4,316,891	-25,562,849	4,801,522	-30,790,234	-16,776,174	13,886,000	-257,539,637
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-61,607,229	-85,679,910	-56,835,059	-1,356,309	-13,332,745	-12,456,591	18,753,254	-4,316,891	-25,562,849	4,801,522	-30,790,234	-16,776,174	13,886,000	-257,539,637
Financing Activities
Bank loans	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
Other Short Term Loans	45,840,964	22,774,656	17,124,825	1,186,476	9,908,119	2,842,314	3,239,173	5,519,643	6,323,332	-4,080,741	3,426,277	-2,201,299	4,056,101	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-639,578	5,425,022	-1,708,251	-2,646,765	2,883,619	7,260,994	-614,859	6,551,496	509,080	0	32,691	642	32,185,635
interest	-7,596,843	-3,579,386	-2,329,347	-1,777,353	-1,351,864	-971,452	-848,741	-539,651	-163,158	-87,713	-107,685	-78,005	-31,443	41,121
cash flow from financing	38,244,121	18,555,692	20,220,500	-2,299,128	5,909,490	4,754,481	9,651,426	4,365,133	12,711,670	-3,659,374	3,318,592	-2,246,613	4,025,300	32,226,756
cash and cash equivalents
cash	12,743,775	-14,847,236	15,230,567	-1,855,012	-11,757,476	12,965,989	4,595,888	-1,954,230	5,315,784	-6,339,936	5,820,752	-1,767,950	7,255,280	16,448,424
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	12,743,775	-14,847,236	15,230,567	-1,855,012	-11,757,476	12,965,989	4,595,888	-1,954,230	5,315,784	-6,339,936	5,820,752	-1,767,950	7,255,280	16,448,424

P&L

December 2022

turnover

34.4m

+12%

operating profit

3.9m

gross margin

97%

-0.54%

turnover

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

Balance Sheet

December 2022

net assets

49.8m

-0.07%

total assets

630.3m

+0.15%

cash

41.9m

+0.44%

net assets

Total assets minus all liabilities

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company number

02657093

Type

Private Ltd By Guarantee w/o Share Cap

industry

65120 - Non-life insurance

incorporation date

October 1991

age

accounts

Full Accounts

ultimate parent company

None

previous names

through transport mutual insurance association (eurasia) limited (July 2007)

through transport mutual insurance association of europe limited (January 1996)

incorporated

address

90 fenchurch street, london, EC3M 4ST

last accounts submitted

December 2022

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 tt club mutual insurance limited.

tt club mutual insurance limited Company Information

tt club mutual insurance limited Estimated Valuation

tt club mutual insurance limited Estimated Valuation

tt club mutual insurance limited Estimated Valuation

Tt Club Mutual Insurance Limited AI Business Plan

Tt Club Mutual Insurance Limited Overview

Tt Club Mutual Insurance Limited Health Check

tt club mutual insurance limited Credit Report and Business Information

Tt Club Mutual Insurance Limited Competitor Analysis

tt club mutual insurance limited Ownership

tt club mutual insurance limited directors

TT CLUB MUTUAL INSURANCE LIMITED financials

tt club mutual insurance limited company details

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