financial & legal insurance company ltd
financial & legal insurance company ltd Company Information
Company Number
03034220
Next Accounts
Sep 2025
Shareholders
nicholas david garner
serena angela garner
View AllGroup Structure
View All
Industry
Non-life insurance
Registered Address
5400 lakeside, cheadle royal business park, cheadle, SK8 3GQ
Website
www.financialandlegal.co.ukfinancial & legal insurance company ltd Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL & LEGAL INSURANCE COMPANY LTD at £7.6m based on a Turnover of £10.5m and 0.72x industry multiple (adjusted for size and gross margin).
financial & legal insurance company ltd Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL & LEGAL INSURANCE COMPANY LTD at £16.1m based on an EBITDA of £2m and a 7.96x industry multiple (adjusted for size and gross margin).
financial & legal insurance company ltd Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL & LEGAL INSURANCE COMPANY LTD at £11.4m based on Net Assets of £7m and 1.64x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Financial & Legal Insurance Company Ltd Overview
Financial & Legal Insurance Company Ltd is a live company located in cheadle, SK8 3GQ with a Companies House number of 03034220. It operates in the non-life insurance sector, SIC Code 65120. Founded in March 1995, it's largest shareholder is nicholas david garner with a 94.4% stake. Financial & Legal Insurance Company Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with declining growth in recent years.
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Financial & Legal Insurance Company Ltd Health Check
Pomanda's financial health check has awarded Financial & Legal Insurance Company Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
2 Weak
Size
annual sales of £10.5m, make it larger than the average company (£2.1m)
£10.5m - Financial & Legal Insurance Company Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.7%)
-3% - Financial & Legal Insurance Company Ltd
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Financial & Legal Insurance Company Ltd
100% - Industry AVG
Profitability
an operating margin of 19.2% make it as profitable than the average company (17.5%)
19.2% - Financial & Legal Insurance Company Ltd
17.5% - Industry AVG
Employees
with 35 employees, this is above the industry average (26)
35 - Financial & Legal Insurance Company Ltd
26 - Industry AVG
Pay Structure
on an average salary of £69.2k, the company has an equivalent pay structure (£65.3k)
£69.2k - Financial & Legal Insurance Company Ltd
£65.3k - Industry AVG
Efficiency
resulting in sales per employee of £301.2k, this is more efficient (£163.8k)
£301.2k - Financial & Legal Insurance Company Ltd
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 285 days, this is later than average (216 days)
285 days - Financial & Legal Insurance Company Ltd
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Financial & Legal Insurance Company Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Financial & Legal Insurance Company Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 146 weeks, this is more cash available to meet short term requirements (18 weeks)
146 weeks - Financial & Legal Insurance Company Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.1%, this is a similar level of debt than the average (81.5%)
85.1% - Financial & Legal Insurance Company Ltd
81.5% - Industry AVG
FINANCIAL & LEGAL INSURANCE COMPANY LTD financials
Financial & Legal Insurance Company Ltd's latest turnover from December 2023 is £10.5 million and the company has net assets of £7 million. According to their latest financial statements, Financial & Legal Insurance Company Ltd has 35 employees and maintains cash reserves of £22 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 10,543,723 | 7,051,986 | 6,572,363 | 11,453,035 | 16,454,261 | 11,254,305 | 6,154,593 | 4,651,849 | 5,487,181 | 6,657,335 | 12,190,086 | 14,748,074 | 14,908,645 | 10,883,335 | 7,330,482 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 2,213,804 | 946,270 | 1,322,178 | 505,529 | 1,162,297 | 875,905 | 650,866 | 526,343 | 363,299 | 1,288,758 | 2,671,068 | 3,016,529 | 3,283,452 | 1,789,306 | 1,617,124 |
| Tax | -491,714 | -148,942 | -192,360 | -46,843 | -192,820 | -175,381 | -125,040 | -111,184 | -76,217 | -292,830 | -630,452 | -749,249 | -886,230 | -501,003 | -452,795 |
| Profit After Tax | 1,722,090 | 797,328 | 1,129,818 | 458,686 | 969,477 | 700,524 | 525,826 | 415,159 | 287,082 | 995,928 | 2,040,616 | 2,267,280 | 2,397,222 | 1,288,303 | 1,164,329 |
| Dividends Paid | 245,000 | 189,500 | 198,000 | 578,962 | 1,579,000 | 3,370,376 | 3,165,071 | ||||||||
| Retained Profit | 1,722,090 | 797,328 | 1,129,818 | 458,686 | 724,477 | 700,524 | 336,326 | 217,159 | -291,880 | -583,072 | -1,329,760 | -897,791 | 2,397,222 | 1,288,303 | 1,164,329 |
| Employee Costs | 2,421,856 | 1,799,472 | 1,181,320 | 1,100,246 | 1,120,383 | 1,038,674 | 848,573 | 856,025 | 791,740 | 677,948 | 571,818 | 883,900 | 977,263 | 514,124 | 289,407 |
| Number Of Employees | 35 | 30 | 26 | 28 | 29 | 28 | 25 | 24 | 23 | 24 | 20 | 18 | 14 | 9 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 465,873 | 401,590 | 194,565 | 2,276,853 | 11,188,116 | 8,618,296 | 8,700,296 | 5,103,832 | 5,930,564 | 8,121,442 | 14,615,360 | 20,805,882 | 22,520,190 | 20,774,994 | 17,432,923 |
| Intangible Assets | 467,837 | 438,615 | 270,821 | 214,198 | |||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 933,710 | 840,205 | 465,386 | 2,491,051 | 11,188,116 | 8,618,296 | 8,700,296 | 5,103,832 | 5,930,564 | 8,121,442 | 14,615,360 | 20,805,882 | 22,520,190 | 20,774,994 | 17,432,923 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 8,245,397 | 7,567,599 | 9,890,919 | 10,826,567 | 33,828,694 | 25,266,645 | 19,076,098 | 12,419,814 | 10,286,490 | 9,679,555 | 13,152,497 | 15,076,429 | 13,801,424 | 13,307,936 | 11,480,351 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 21,953,606 | 9,199,405 | 5,967,842 | 3,856,754 | 1,006,824 | 176,870 | 453,658 | 655,635 | 931,465 | 639,930 | 822,673 | 582,399 | 907,295 | 1,541,990 | 1,083,322 |
| misc current assets | 3,419,600 | 1,204,189 | 661,289 | 199,916 | 848,736 | 272,385 | 316,210 | 205,019 | 228,378 | 30,977 | 26,518 | 91,756 | 41,254 | 32,286 | 37,795 |
| total current assets | 45,615,977 | 22,586,465 | 19,976,483 | 15,589,237 | 37,232,697 | 25,867,491 | 20,098,978 | 13,658,630 | 12,087,720 | 10,624,439 | 14,001,688 | 15,750,584 | 14,754,164 | 15,261,226 | 12,601,468 |
| total assets | 46,549,687 | 23,426,670 | 20,441,869 | 18,080,288 | 48,420,813 | 34,485,787 | 28,799,274 | 18,762,462 | 18,018,284 | 18,745,881 | 28,617,048 | 36,556,466 | 37,274,354 | 36,036,220 | 30,034,391 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,359,394 | 220,642 | 526,642 | 841,677 | 3,581,998 | 6,552,598 | 6,733,888 | 6,491,732 | |||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 2,431,135 | 7,204,817 | 3,844,999 | 3,840,394 | 2,152,270 | 746,299 | 447,361 | 429,999 | 836,094 | 9,543 | 101,387 | 478,726 | |||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 7,817,260 | 9,270,081 | 6,404,257 | 6,843,852 | 14,507,625 | 10,680,036 | 8,389,518 | 3,583,056 | 3,576,973 | 4,058,032 | 7,429,607 | 7,976,582 | 7,537,120 | 7,455,754 | 6,942,040 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 31,779,674 | 8,406,301 | 8,784,652 | 6,915,294 | 30,050,732 | 22,211,160 | 17,076,301 | 12,182,277 | 11,661,341 | 11,616,000 | 17,532,520 | 23,595,203 | 23,854,762 | 23,057,606 | 18,776,994 |
| total liabilities | 39,596,934 | 17,676,382 | 15,188,909 | 13,759,146 | 44,558,357 | 32,891,196 | 25,465,819 | 15,765,333 | 15,238,314 | 15,674,032 | 24,962,127 | 31,571,785 | 31,391,882 | 30,513,360 | 25,719,034 |
| net assets | 6,952,753 | 5,750,288 | 5,252,960 | 4,321,142 | 3,862,456 | 1,594,591 | 3,333,455 | 2,997,129 | 2,779,970 | 3,071,849 | 3,654,921 | 4,984,681 | 5,882,472 | 5,522,860 | 4,315,357 |
| total shareholders funds | 6,952,753 | 5,750,288 | 5,252,960 | 4,321,142 | 3,862,456 | 3,137,979 | 3,333,455 | 2,997,129 | 2,779,970 | 3,071,849 | 3,654,921 | 4,984,681 | 5,882,472 | 5,522,860 | 4,315,357 |
| Dec 2023 | 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 | |||||||||||||||
| Depreciation | 4,866 | 3,049 | 5,468 | 11,244 | 9,690 | 6,331 | 2,482 | 5,097 | 9,497 | 34,137 | 41,222 | 19,602 | 12,907 | ||
| Amortisation | |||||||||||||||
| Tax | -491,714 | -148,942 | -192,360 | -46,843 | -192,820 | -175,381 | -125,040 | -111,184 | -76,217 | -292,830 | -630,452 | -749,249 | -886,230 | -501,003 | -452,795 |
| Stock | |||||||||||||||
| Debtors | 677,798 | -2,323,320 | -935,648 | -23,002,127 | 8,562,049 | 6,190,547 | 6,656,284 | 2,133,324 | 606,935 | -3,472,942 | -1,923,932 | 1,275,005 | 493,488 | 1,827,585 | 11,480,351 |
| Creditors | 1,138,752 | -306,000 | -315,035 | 841,677 | -3,581,998 | 3,581,998 | -6,552,598 | -181,290 | 242,156 | 6,491,732 | |||||
| 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 | -4,773,682 | 3,359,818 | 4,605 | 1,688,124 | 1,405,971 | 298,938 | 17,362 | -406,095 | 826,551 | -91,844 | -377,339 | 478,726 | |||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 12,754,201 | 3,231,563 | 2,111,088 | 2,849,930 | 829,954 | -276,788 | -201,977 | -275,830 | 291,535 | -182,743 | 240,274 | -324,896 | -634,695 | 458,668 | 1,083,322 |
| overdraft | |||||||||||||||
| change in cash | 12,754,201 | 3,231,563 | 2,111,088 | 2,849,930 | 829,954 | -276,788 | -201,977 | -275,830 | 291,535 | -182,743 | 240,274 | -324,896 | -634,695 | 458,668 | 1,083,322 |
financial & legal insurance company ltd Credit Report and Business Information
Financial & Legal Insurance Company Ltd Competitor Analysis
Perform a competitor analysis for financial & legal insurance company ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in SK8 area or any other competitors across 12 key performance metrics.
financial & legal insurance company ltd Ownership
FINANCIAL & LEGAL INSURANCE COMPANY LTD group structure
Financial & Legal Insurance Company Ltd has no subsidiary companies.
Ultimate parent company
FINANCIAL & LEGAL INSURANCE COMPANY LTD
03034220
financial & legal insurance company ltd directors
Financial & Legal Insurance Company Ltd currently has 9 directors. The longest serving directors include Mr Nicholas Garner (Jan 2006) and Mr Anthony Hughes (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Garner | England | 46 years | Jan 2006 | - | Director |
| Mr Anthony Hughes | England | 57 years | Jul 2015 | - | Director |
| Mr Colin Gibson | England | 61 years | May 2019 | - | Director |
| Mr Anthony Pope | England | 54 years | Sep 2020 | - | Director |
| Mr David Ross | United Kingdom | 61 years | Mar 2021 | - | Director |
| Mr David Ross | United Kingdom | 61 years | Mar 2021 | - | Director |
| Mrs Karen Beales | England | 57 years | Apr 2021 | - | Director |
| Mr Jonathan Daniels | England | 49 years | Aug 2023 | - | Director |
| Mrs Elaine Parkes | England | 59 years | Sep 2024 | - | Director |
P&L
December 2023turnover
10.5m
+50%
operating profit
2m
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7m
+0.21%
total assets
46.5m
+0.99%
cash
22m
+1.39%
net assets
Total assets minus all liabilities
financial & legal insurance company ltd company details
company number
03034220
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
March 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
financial & legal insurance company ltd (December 2005)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
5400 lakeside, cheadle royal business park, cheadle, SK8 3GQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
financial & legal insurance company ltd 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 did not find charges/mortgages relating to financial & legal insurance company ltd.
financial & legal insurance company 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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financial & legal insurance company ltd Companies House Filings - See Documents
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