Pomanda estimates the enterprise value of IFM INSURANCE BROKERS LTD at £2m based on a Turnover of £2.7m and 0.75x industry multiple (adjusted for size and gross margin).
ifm insurance brokers ltdEstimated Valuation
£5.4m
Pomanda estimates the enterprise value of IFM INSURANCE BROKERS LTD at £5.4m based on an EBITDA of £961.6k and a 5.63x industry multiple (adjusted for size and gross margin).
ifm insurance brokers ltdEstimated Valuation
£3.7m
Pomanda estimates the enterprise value of IFM INSURANCE BROKERS LTD at £3.7m based on Net Assets of £2.1m and 1.76x industry multiple (adjusted for liquidity).
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Ifm Insurance Brokers LtdOverview
Ifm Insurance Brokers Ltd is a live company located in sheffield, S9 3BL with a Companies House number of 02680875. It operates in the non-life insurance sector, SIC Code 65120. Founded in January 1992, it's largest shareholder is
clear group (holdings) ltd
with a 100% stake. Ifm Insurance Brokers Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£2.7m with
low
growth in recent years.
Pomanda's financial health check has awarded Ifm Insurance Brokers Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
3 Regular
1 Weak
Size
annual sales of £3.6m, make it larger than the average company (£2.3m)
£3.6m - Ifm Insurance Brokers Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.1%)
11% - Ifm Insurance Brokers Ltd
6.1% - Industry AVG
Production
with a gross margin of 98.4%, this company has a comparable cost of product (98.4%)
98.4% - Ifm Insurance Brokers Ltd
98.4% - Industry AVG
Profitability
an operating margin of 13.6% make it less profitable than the average company (19.7%)
13.6% - Ifm Insurance Brokers Ltd
19.7% - Industry AVG
Employees
with 29 employees, this is above the industry average (20)
29 - Ifm Insurance Brokers Ltd
20 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
£51.8k - Ifm Insurance Brokers Ltd
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £123k, this is equally as efficient (£123k)
£123k - Ifm Insurance Brokers Ltd
£123k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ifm Insurance Brokers Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ifm Insurance Brokers Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ifm Insurance Brokers Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 246 weeks, this is more cash available to meet short term requirements (29 weeks)
246 weeks - Ifm Insurance Brokers Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.4%, this is a lower level of debt than the average (70.1%)
19.4% - Ifm Insurance Brokers Ltd
70.1% - Industry AVG
IFM INSURANCE BROKERS LTD financials
EXPORT
Ifm Insurance Brokers Ltd's latest turnover from October 2023 is estimated at £2.7 million and the company has net assets of £2.1 million. According to their latest financial statements, Ifm Insurance Brokers Ltd has 24 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Apr 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
2,682,835
3,568,133
889,764
2,636,274
2,606,448
2,348,366
2,324,365
2,313,523
1,127
5,086
109,446
140,645
1,503
9,006
1,691,303
Other Income Or Grants
Cost Of Sales
47,033
57,156
27,358
156,471
160,705
150,456
139,797
173,725
155
1,043
26,214
40,992
388
2,442
Gross Profit
2,635,802
3,510,977
862,406
2,479,804
2,445,743
2,197,910
2,184,568
2,139,798
973
4,044
83,232
99,653
1,115
6,564
1,691,303
Admin Expenses
1,684,454
3,025,153
537,385
3,177,233
2,025,876
1,297,792
2,417,331
1,972,443
72,677
-6,754
118,657
-20,327
-95,921
-107,748
1,480,893
Operating Profit
951,348
485,824
325,021
-697,429
419,867
900,118
-232,763
167,355
-71,704
10,798
-35,425
119,980
97,036
114,312
210,410
Interest Payable
28
125
97
Interest Receivable
67,531
75,964
11,334
1,729
1,815
7,859
2,734
1,777
3,715
3,719
4,073
4,204
3,899
3,327
1,037
Pre-Tax Profit
1,018,879
561,788
336,356
-695,700
421,681
907,978
-230,029
169,133
-67,989
14,516
-31,352
124,155
100,809
117,543
211,447
Tax
-254,720
-106,740
-63,908
-80,119
-172,516
-33,826
-3,048
-29,797
-26,210
-32,912
-50,621
Profit After Tax
764,159
455,048
272,448
-695,700
341,562
735,462
-230,029
135,306
-67,989
11,468
-31,352
94,358
74,599
84,631
160,826
Dividends Paid
65,000
Retained Profit
764,159
455,048
272,448
-695,700
341,562
735,462
-230,029
135,306
-67,989
11,468
-31,352
94,358
74,599
84,631
95,826
Employee Costs
1,327,601
1,500,825
1,452,625
1,375,051
1,302,085
1,147,257
1,161,757
1,179,537
45,644
45,153
88,430
85,788
42,160
40,784
769,836
Number Of Employees
24
29
28
27
27
24
24
25
1
1
2
2
1
1
18
EBITDA*
961,607
503,587
325,021
-680,081
438,326
916,370
-222,766
176,160
-65,797
17,129
-26,669
134,938
168,354
195,988
315,068
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Apr 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
47,442
57,701
74,485
85,900
103,248
96,459
599,784
607,981
597,860
603,766
650,025
653,988
660,429
666,983
661,871
Intangible Assets
7,007
70,264
153,500
Investments & Other
100,000
100,000
133,888
133,888
134,988
135,618
135,618
135,618
21,789
21,789
19,230
Debtors (Due After 1 year)
Total Fixed Assets
47,442
57,701
74,485
85,900
203,248
196,459
733,672
741,869
732,848
739,384
785,643
789,606
689,225
759,036
834,601
Stock & work in progress
Trade Debtors
3,558
540
Group Debtors
1,400,000
Misc Debtors
192,845
190,309
218,141
36,412
32,441
36,007
110,970
138,652
540
540
540
2,981
15,319
24,587
Cash
1,009,122
2,011,297
1,563,484
1,458,959
1,999,787
1,630,105
465,748
627,702
794,151
691,881
795,661
833,707
847,866
711,627
619,315
misc current assets
396
total current assets
2,601,967
2,201,606
1,785,183
1,495,371
2,032,228
1,666,112
576,718
766,354
795,087
692,421
796,201
834,247
850,847
726,946
643,902
total assets
2,649,409
2,259,307
1,859,668
1,581,271
2,235,476
1,862,571
1,310,390
1,508,223
1,527,935
1,431,805
1,581,844
1,623,853
1,540,072
1,485,982
1,478,503
Bank overdraft
Bank loan
Trade Creditors
4,775
15,011
13,549
1,393
13,273
5,620
2,315
5,022
198,506
303,907
312,109
3,858
23,961
4,122
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
499,879
423,663
464,455
487,678
455,191
429,418
193,967
132,275
283,631
315,192
308,409
409,590
total current liabilities
504,654
423,663
479,466
501,227
456,584
442,691
199,587
134,590
288,653
198,506
303,907
312,109
319,050
332,370
413,712
loans
875
2,975
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
14,425
14,425
14,031
16,321
19,469
2,019
48,071
78,932
76,845
933
310
310
756
1,216
total long term liabilities
14,425
14,425
14,031
16,321
19,469
2,019
48,071
78,932
76,845
933
310
310
1,631
4,191
total liabilities
519,079
438,088
493,497
517,548
476,053
444,710
247,658
213,522
365,498
199,439
304,217
312,419
320,681
336,561
413,712
net assets
2,130,330
1,821,219
1,366,171
1,063,723
1,759,423
1,417,861
1,062,732
1,294,701
1,162,437
1,232,366
1,277,627
1,311,434
1,219,391
1,149,421
1,064,791
total shareholders funds
2,130,330
1,821,219
1,366,171
1,063,723
1,759,423
1,417,861
1,062,732
1,294,701
1,162,437
1,232,366
1,277,627
1,311,434
1,219,391
1,149,421
1,064,791
Oct 2023
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Apr 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
951,348
485,824
325,021
-697,429
419,867
900,118
-232,763
167,355
-71,704
10,798
-35,425
119,980
97,036
114,312
210,410
Depreciation
10,259
17,763
17,348
18,459
16,252
9,997
8,805
5,907
6,331
8,756
7,951
8,061
8,411
26,408
Amortisation
7,007
63,257
73,265
78,250
Tax
-254,720
-106,740
-63,908
-80,119
-172,516
-33,826
-3,048
-29,797
-26,210
-32,912
-50,621
Stock
Debtors
1,371,146
-31,390
185,287
3,971
-3,566
-74,963
-27,682
138,112
-2,441
-12,338
-9,268
24,587
Creditors
-10,236
-15,011
1,462
12,156
-11,880
7,653
3,305
-2,707
-193,484
-105,401
-8,202
308,251
-20,103
19,839
4,122
Accruals and Deferred Income
35,424
-40,792
-23,223
32,487
25,773
235,451
61,692
-151,356
283,631
-315,192
6,783
-101,181
409,590
Deferred Taxes & Provisions
394
394
-2,290
-3,148
17,450
-46,052
-30,861
2,087
75,912
623
-446
-460
1,216
Cash flow from operations
-638,677
372,828
51,775
-642,557
393,116
1,015,869
-160,948
-147,754
100,262
-90,697
-34,871
100,195
140,702
92,218
653,572
Investing Activities
capital expenditure
16,784
-979
11,415
-25,248
487,073
-1,800
-18,926
-1
39,928
-4,793
-1,510
-1,507
-3,552
-39,573
Change in Investments
-100,000
-33,888
-1,100
-630
113,829
2,559
19,230
cash flow from investments
16,784
-979
11,415
100,000
-25,248
520,961
-1,800
-17,826
629
39,928
-4,793
-115,339
-1,507
-6,111
-58,803
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-875
-2,100
2,975
Hire Purchase and Lease Commitments
other long term liabilities
share issue
30,000
-380,333
-1,940
-3,042
-1,940
-56,729
-2,455
-2,315
-4,629
-1
968,965
interest
67,531
75,964
11,334
1,729
1,815
7,859
2,734
1,777
3,715
3,719
4,073
4,176
3,774
3,230
1,037
cash flow from financing
67,531
75,964
41,334
1,729
1,815
-372,474
794
-1,265
1,775
-53,010
1,618
986
-2,955
6,204
970,002
cash and cash equivalents
cash
-554,362
447,813
104,525
-540,828
369,682
1,164,357
-161,954
-166,449
102,270
-103,780
-38,046
-14,159
136,239
92,312
619,315
overdraft
change in cash
-554,362
447,813
104,525
-540,828
369,682
1,164,357
-161,954
-166,449
102,270
-103,780
-38,046
-14,159
136,239
92,312
619,315
ifm insurance brokers ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ifm insurance brokers ltd. Get real-time insights into ifm insurance brokers ltd's credit score, group structure and payment trends.
Perform a competitor analysis for ifm insurance brokers ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in S 9 area or any other competitors across 12 key performance metrics.
ifm insurance brokers ltd Ownership
IFM INSURANCE BROKERS LTD group structure
Ifm Insurance Brokers Ltd has no subsidiary companies.
The sole shareholder of Ifm Insurance Brokers Ltd is Clear Group (Holdings) Ltd.
clear group (holdings) ltd
100%
ifm insurance brokers ltd directors
Ifm Insurance Brokers Ltd currently has 3 directors.
The longest serving directors include
Mr Michael Edgeley (May 2023) and
Mr Timothy Money (May 2023).
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 3 charges/mortgages relating to ifm insurance brokers ltd. Currently there are 0 open charges and 3 have been satisfied in the past.
ifm insurance brokers ltd 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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ifm insurance brokers ltdCompanies House Filings - See Documents
