pool reinsurance company limited
pool reinsurance company limited Company Information
Group Structure
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Industry
Non-life reinsurance
Registered Address
7 savoy court, london, WC2R 0EX
Website
www.poolre.co.ukpool reinsurance company limited Estimated Valuation
Pomanda estimates the enterprise value of POOL REINSURANCE COMPANY LIMITED at £733.6m based on a Turnover of £426.2m and 1.72x industry multiple (adjusted for size and gross margin).
pool reinsurance company limited Estimated Valuation
Pomanda estimates the enterprise value of POOL REINSURANCE COMPANY LIMITED at £9.1b based on an EBITDA of £415.6m and a 21.93x industry multiple (adjusted for size and gross margin).
pool reinsurance company limited Estimated Valuation
Pomanda estimates the enterprise value of POOL REINSURANCE COMPANY LIMITED at £10b based on Net Assets of £6.5b and 1.53x industry multiple (adjusted for liquidity).
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Pool Reinsurance Company Limited Overview
Pool Reinsurance Company Limited is a live company located in london, WC2R 0EX with a Companies House number of 02798901. It operates in the non-life reinsurance sector, SIC Code 65202. Founded in March 1993, it's largest shareholder is unknown. Pool Reinsurance Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £426.2m with high growth in recent years.
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Pool Reinsurance Company Limited Health Check
Pomanda's financial health check has awarded Pool Reinsurance Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
1 Weak
Size
annual sales of £426.2m, make it larger than the average company (£2m)
£426.2m - Pool Reinsurance Company Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.4%)
16% - Pool Reinsurance Company Limited
6.4% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Pool Reinsurance Company Limited
100% - Industry AVG
Profitability
an operating margin of 97.4% make it more profitable than the average company (12.9%)
97.4% - Pool Reinsurance Company Limited
12.9% - Industry AVG
Employees
with 42 employees, this is above the industry average (28)
42 - Pool Reinsurance Company Limited
28 - Industry AVG
Pay Structure
on an average salary of £204.4k, the company has a higher pay structure (£147.9k)
£204.4k - Pool Reinsurance Company Limited
£147.9k - Industry AVG
Efficiency
resulting in sales per employee of £10.1m, this is more efficient (£230k)
£10.1m - Pool Reinsurance Company Limited
£230k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (123 days)
4 days - Pool Reinsurance Company Limited
123 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Pool Reinsurance Company Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pool Reinsurance Company Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (25 weeks)
20 weeks - Pool Reinsurance Company Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.2%, this is a lower level of debt than the average (75.7%)
10.2% - Pool Reinsurance Company Limited
75.7% - Industry AVG
POOL REINSURANCE COMPANY LIMITED financials
Pool Reinsurance Company Limited's latest turnover from March 2024 is £426.2 million and the company has net assets of £6.5 billion. According to their latest financial statements, Pool Reinsurance Company Limited has 42 employees and maintains cash reserves of £272 million 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 | 426,204,000 | 80,213,000 | 271,107,000 | 66,645,000 | 38,903,000 | 102,487,000 | 69,553,000 | 15,441,000 | 150,111,000 | 275,122,000 | 269,208,000 | 267,278,000 | 285,597,000 | 279,847,000 | 283,873,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 18,293,000 | 19,773,000 | |||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 404,892,000 | 58,570,000 | 254,074,000 | 97,259,000 | 270,837,000 | 21,743,000 | 163,599,000 | 351,973,000 | 85,036,000 | 329,438,000 | 383,242,000 | 390,989,000 | 359,167,000 | 474,003,000 | 563,625,000 |
| Tax | -84,876,000 | 25,509,000 | -37,872,000 | -4,058,000 | -38,002,000 | 25,919,000 | -8,651,000 | -53,636,000 | 15,496,000 | -3,458,000 | -21,864,000 | -11,574,000 | 5,694,000 | -39,364,000 | -54,166,000 |
| Profit After Tax | 320,016,000 | 84,079,000 | 216,202,000 | 93,201,000 | 232,835,000 | 47,662,000 | 154,948,000 | 298,337,000 | 100,532,000 | 325,980,000 | 361,378,000 | 379,415,000 | 364,861,000 | 434,639,000 | 509,459,000 |
| Dividends Paid | 33,093,000 | 72,018,000 | 31,067,000 | 77,612,000 | 15,886,000 | 51,649,000 | 99,447,000 | 33,511,000 | |||||||
| Retained Profit | 286,923,000 | 12,061,000 | 185,135,000 | 15,589,000 | 216,949,000 | -3,987,000 | 55,501,000 | 264,826,000 | 100,532,000 | 325,980,000 | 361,378,000 | 379,415,000 | 364,861,000 | 434,639,000 | 509,459,000 |
| Employee Costs | 8,586,000 | 8,987,000 | 6,315,000 | 6,326,000 | 6,071,000 | 5,774,000 | 5,740,000 | 5,276,000 | 4,671,000 | 2,814,000 | 2,443,000 | 1,855,000 | 1,835,000 | 1,572,000 | 1,498,000 |
| Number Of Employees | 42 | 34 | 29 | 31 | 31 | 28 | 26 | 21 | 16 | 15 | 14 | 12 | 12 | 11 | 12 |
| EBITDA* |
* 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 | 1,282,000 | 1,669,000 | 10,812,000 | 6,791,438,000 | 6,883,553,000 | 6,633,276,000 | 6,574,339,000 | 6,339,978,000 | 5,807,041,000 | 5,557,159,000 | 5,243,263,000 | 4,843,072,000 | 4,483,771,000 | 4,133,154,000 | 3,720,884,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,282,000 | 1,669,000 | 10,812,000 | 6,791,438,000 | 6,883,553,000 | 6,633,276,000 | 6,574,339,000 | 6,339,978,000 | 5,807,041,000 | 5,557,159,000 | 5,243,263,000 | 4,843,072,000 | 4,483,771,000 | 4,133,154,000 | 3,720,884,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 4,717,000 | 703,000 | 76,833,000 | 75,533,000 | 78,060,000 | 77,636,000 | 77,349,000 | 76,648,000 | 75,820,000 | 66,416,000 | 59,681,000 | 62,714,000 | 69,614,000 | 64,792,000 | 65,451,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 272,002,000 | 168,498,000 | 101,712,000 | 23,908,000 | 18,658,000 | 29,981,000 | 29,792,000 | 47,831,000 | 52,616,000 | 50,624,000 | 5,218,000 | 5,154,000 | 7,735,000 | 15,126,000 | 1,329,000 |
| misc current assets | 7,001,981,000 | 6,688,760,000 | 6,796,189,000 | 33,614,000 | 33,162,000 | 33,368,000 | 31,055,000 | 33,808,000 | 36,683,000 | 37,356,000 | 39,073,000 | 48,730,000 | 49,512,000 | 43,134,000 | 39,381,000 |
| total current assets | 7,279,330,000 | 6,861,424,000 | 7,092,456,000 | 134,208,000 | 132,352,000 | 150,809,000 | 142,673,000 | 162,529,000 | 173,029,000 | 158,304,000 | 111,190,000 | 124,620,000 | 133,869,000 | 123,073,000 | 106,178,000 |
| total assets | 7,280,612,000 | 6,863,093,000 | 7,103,268,000 | 6,925,646,000 | 7,015,905,000 | 6,784,085,000 | 6,717,012,000 | 6,502,507,000 | 5,980,070,000 | 5,715,463,000 | 5,354,453,000 | 4,967,692,000 | 4,617,640,000 | 4,256,227,000 | 3,827,062,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 418,037,000 | 428,800,000 | 139,017,000 | 188,053,000 | 225,386,000 | 270,211,000 | 203,079,000 | 33,485,000 | 32,707,000 | 33,686,000 | 33,543,000 | 32,137,000 | 34,557,000 | 37,091,000 | 38,656,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 678,989,000 | 597,657,000 | 848,660,000 | 198,729,000 | 273,454,000 | 311,718,000 | 209,090,000 | 50,427,000 | 39,729,000 | 35,172,000 | 35,391,000 | 33,495,000 | 35,740,000 | 42,359,000 | 60,890,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 59,796,000 | 10,534,000 | 39,826,000 | 696,953,000 | 728,076,000 | 674,941,000 | 706,509,000 | 706,168,000 | 459,255,000 | 299,737,000 | 264,488,000 | 241,001,000 | 268,119,000 | 264,948,000 | 251,891,000 |
| total liabilities | 738,785,000 | 608,191,000 | 888,486,000 | 895,682,000 | 1,001,530,000 | 986,659,000 | 915,599,000 | 756,595,000 | 498,984,000 | 334,909,000 | 299,879,000 | 274,496,000 | 303,859,000 | 307,307,000 | 312,781,000 |
| net assets | 6,541,827,000 | 6,254,902,000 | 6,214,782,000 | 6,029,964,000 | 6,014,375,000 | 5,797,426,000 | 5,801,413,000 | 5,745,912,000 | 5,481,086,000 | 5,380,554,000 | 5,054,574,000 | 4,693,196,000 | 4,313,781,000 | 3,948,920,000 | 3,514,281,000 |
| total shareholders funds | 6,541,827,000 | 6,254,902,000 | 6,214,782,000 | 6,029,964,000 | 6,014,375,000 | 5,797,426,000 | 5,801,413,000 | 5,745,912,000 | 5,481,086,000 | 5,380,554,000 | 5,054,574,000 | 4,693,196,000 | 4,313,781,000 | 3,948,920,000 | 3,514,281,000 |
| 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 | |||||||||||||||
| Depreciation | 520,000 | 671,000 | 359,000 | 355,000 | 384,000 | 132,000 | 197,000 | 194,000 | 107,000 | 34,000 | 34,000 | 34,000 | 47,000 | ||
| Amortisation | |||||||||||||||
| Tax | -84,876,000 | 25,509,000 | -37,872,000 | -4,058,000 | -38,002,000 | 25,919,000 | -8,651,000 | -53,636,000 | 15,496,000 | -3,458,000 | -21,864,000 | -11,574,000 | 5,694,000 | -39,364,000 | -54,166,000 |
| Stock | |||||||||||||||
| Debtors | 4,014,000 | 703,000 | 1,300,000 | -2,527,000 | 424,000 | 287,000 | 701,000 | 828,000 | 9,404,000 | 6,735,000 | -3,033,000 | -6,900,000 | 4,822,000 | -659,000 | 65,451,000 |
| Creditors | -10,763,000 | 428,800,000 | -49,036,000 | -37,333,000 | -44,825,000 | 67,132,000 | 169,594,000 | 778,000 | -979,000 | 143,000 | 1,406,000 | -2,420,000 | -2,534,000 | -1,565,000 | 38,656,000 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 103,504,000 | 168,498,000 | 77,804,000 | 5,250,000 | -11,323,000 | 189,000 | -18,039,000 | -4,785,000 | 1,992,000 | 45,406,000 | 64,000 | -2,581,000 | -7,391,000 | 13,797,000 | 1,329,000 |
| overdraft | |||||||||||||||
| change in cash | 103,504,000 | 168,498,000 | 77,804,000 | 5,250,000 | -11,323,000 | 189,000 | -18,039,000 | -4,785,000 | 1,992,000 | 45,406,000 | 64,000 | -2,581,000 | -7,391,000 | 13,797,000 | 1,329,000 |
pool reinsurance company limited Credit Report and Business Information
Pool Reinsurance Company Limited Competitor Analysis
Perform a competitor analysis for pool reinsurance company limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in WC2R area or any other competitors across 12 key performance metrics.
pool reinsurance company limited Ownership
POOL REINSURANCE COMPANY LIMITED group structure
Pool Reinsurance Company Limited has 2 subsidiary companies.
Ultimate parent company
POOL REINSURANCE COMPANY LIMITED
02798901
2 subsidiaries
pool reinsurance company limited directors
Pool Reinsurance Company Limited currently has 12 directors. The longest serving directors include Ms Barbara Merry (Feb 2019) and Dame Susan Owen (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Barbara Merry | 67 years | Feb 2019 | - | Director | |
| Dame Susan Owen | England | 69 years | Jul 2020 | - | Director |
| Mr Alan Rubenstein | England | 68 years | Mar 2021 | - | Director |
| Mrs Angela Knight | 74 years | Nov 2021 | - | Director | |
| Mrs Angela Knight | 74 years | Nov 2021 | - | Director | |
| Mr Matthew Moore | United Kingdom | 51 years | Mar 2022 | - | Director |
| Mrs Catherine Cripps | United Kingdom | 59 years | Jun 2022 | - | Director |
| Mr Thomas Clementi | United Kingdom | 45 years | Aug 2022 | - | Director |
| Mr Kenneth Norgrove | United Kingdom | 56 years | Nov 2022 | - | Director |
| Mr Kevin Allchorne | England | 53 years | Jan 2023 | - | Director |
P&L
March 2024turnover
426.2m
+431%
operating profit
415.1m
0%
gross margin
100%
+0.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6.5b
+0.05%
total assets
7.3b
+0.06%
cash
272m
+0.61%
net assets
Total assets minus all liabilities
Similar Companies
pool reinsurance company limited company details
company number
02798901
Type
Private Ltd By Guarantee w/o Share Cap
industry
65202 - Non-life reinsurance
incorporation date
March 1993
age
32
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
COMPTROLLER AND AUDITOR GENERAL
address
7 savoy court, london, WC2R 0EX
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
pool reinsurance company 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 3 charges/mortgages relating to pool reinsurance company limited. Currently there are 1 open charges and 2 have been satisfied in the past.
pool reinsurance company 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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pool reinsurance company limited Companies House Filings - See Documents
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