st andrew's insurance plc
st andrew's insurance plc Company Information
Company Number
03104671
Next Accounts
Jun 2025
Industry
Non-life insurance
Shareholders
lloyds bank general insurance holdings ltd
Group Structure
View All
Contact
Registered Address
33 old broad street, london, EC2N 1HZ
Website
www.st-andrews.co.ukst andrew's insurance plc Estimated Valuation
Pomanda estimates the enterprise value of ST ANDREW'S INSURANCE PLC at £15.1m based on a Turnover of £17.8m and 0.84x industry multiple (adjusted for size and gross margin).
st andrew's insurance plc Estimated Valuation
Pomanda estimates the enterprise value of ST ANDREW'S INSURANCE PLC at £29.4m based on an EBITDA of £2.9m and a 10.03x industry multiple (adjusted for size and gross margin).
st andrew's insurance plc Estimated Valuation
Pomanda estimates the enterprise value of ST ANDREW'S INSURANCE PLC at £122.7m based on Net Assets of £72.2m and 1.7x industry multiple (adjusted for liquidity).
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St Andrew's Insurance Plc Overview
St Andrew's Insurance Plc is a live company located in london, EC2N 1HZ with a Companies House number of 03104671. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 1995, it's largest shareholder is lloyds bank general insurance holdings ltd with a 100% stake. St Andrew's Insurance Plc is a mature, mid sized company, Pomanda has estimated its turnover at £17.8m with declining growth in recent years.
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St Andrew's Insurance Plc Health Check
Pomanda's financial health check has awarded St Andrew'S Insurance Plc a 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
5 Strong
3 Regular
1 Weak
Size
annual sales of £17.8m, make it larger than the average company (£2.1m)
£17.8m - St Andrew's Insurance Plc
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (8.7%)
-47% - St Andrew's Insurance Plc
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - St Andrew's Insurance Plc
100% - Industry AVG
Profitability
an operating margin of 16.4% make it as profitable than the average company (17.7%)
16.4% - St Andrew's Insurance Plc
17.7% - Industry AVG
Employees
with 109 employees, this is above the industry average (26)
- St Andrew's Insurance Plc
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- St Andrew's Insurance Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £163.6k, this is equally as efficient (£163.6k)
- St Andrew's Insurance Plc
£163.6k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (216 days)
9 days - St Andrew's Insurance Plc
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - St Andrew's Insurance Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - St Andrew's Insurance Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 122 weeks, this is more cash available to meet short term requirements (18 weeks)
122 weeks - St Andrew's Insurance Plc
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.1%, this is a lower level of debt than the average (81.5%)
26.1% - St Andrew's Insurance Plc
81.5% - Industry AVG
ST ANDREW'S INSURANCE PLC financials
St Andrew'S Insurance Plc's latest turnover from December 2023 is £17.8 million and the company has net assets of £72.2 million. According to their latest financial statements, we estimate that St Andrew'S Insurance Plc has 109 employees and maintains cash reserves of £60 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 | 17,829,000 | 47,592,000 | 125,542,000 | 122,942,000 | 159,548,000 | 184,058,000 | 227,360,000 | 278,673,000 | 327,416,000 | 388,908,000 | 462,656,000 | 485,123,000 | 535,742,000 | 641,230,000 | 695,495,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 889,000 | 2,558,000 | 0 | 0 | 0 | ||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 7,028,000 | 17,649,000 | 15,671,000 | 42,918,000 | 70,711,000 | 65,339,000 | 53,322,000 | 93,777,000 | 94,071,000 | 111,999,000 | 147,114,000 | 172,279,000 | 183,419,000 | 165,168,000 | 194,135,000 |
| Tax | -1,705,000 | -3,229,000 | -6,900,000 | -8,564,000 | -13,435,000 | -12,414,000 | -10,265,000 | -18,492,000 | -18,345,000 | -24,217,000 | 10,655,000 | -40,531,000 | -46,762,000 | -45,804,000 | -46,091,000 |
| Profit After Tax | 5,323,000 | 14,420,000 | 8,771,000 | 34,354,000 | 57,276,000 | 52,925,000 | 43,057,000 | 75,285,000 | 75,726,000 | 87,782,000 | 157,769,000 | 131,748,000 | 136,657,000 | 119,364,000 | 148,044,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 40,000,000 | 45,000,000 | 94,000,000 | 200,000,000 | 125,000,000 | 90,199,000 | 193,000,000 | 28,000,000 | 138,600,000 | 252,300,000 | 0 |
| Retained Profit | 5,323,000 | 14,420,000 | 8,771,000 | 34,354,000 | 17,276,000 | 7,925,000 | -50,943,000 | -124,715,000 | -49,274,000 | -2,417,000 | -35,231,000 | 103,748,000 | -1,943,000 | -132,936,000 | 148,044,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 14,884,000 | 1,820,000 | 834,000 | 3,593,000 | 7,885,000 | |||||
| Number Of Employees | 33 | 52 | 182 | ||||||||||||
| 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 | 6,078,000 | 4,339,000 | 918,000 | 0 | 0 | 0 | 0 | 256,710,000 | 370,883,000 | 0 | 0 | 0 | 4,572,000 | 4,876,000 | 7,174,000 |
| Intangible Assets | 0 | 0 | 0 | 1,176,000 | 1,392,000 | 4,075,000 | 9,348,000 | 23,662,000 | 28,317,000 | 33,002,000 | 40,469,000 | 61,636,000 | 77,643,000 | 93,024,000 | 119,632,000 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 6,078,000 | 4,339,000 | 918,000 | 1,176,000 | 1,392,000 | 4,075,000 | 9,348,000 | 280,372,000 | 399,200,000 | 33,002,000 | 40,469,000 | 61,636,000 | 82,215,000 | 97,900,000 | 126,806,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 476,000 | 745,000 | 1,910,000 | 4,550,000 | 2,575,000 | 2,885,000 | 3,208,000 | 68,166,000 | 158,116,000 | 181,039,000 | 55,049,000 | 187,834,000 | 104,519,000 | 78,547,000 | 16,498,000 |
| Group Debtors | 0 | 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 | 0 |
| Cash | 60,034,000 | 98,721,000 | 129,989,000 | 119,805,000 | 101,459,000 | 72,526,000 | 33,941,000 | 216,881,000 | 83,547,000 | 135,404,000 | 184,880,000 | 117,391,000 | 90,849,000 | 81,368,000 | 56,528,000 |
| misc current assets | 31,062,000 | 98,160,000 | 151,193,000 | 173,923,000 | 191,532,000 | 224,177,000 | 329,403,000 | 0 | 0 | 421,995,000 | 528,581,000 | 573,114,000 | 549,807,000 | 653,746,000 | 833,074,000 |
| total current assets | 91,572,000 | 197,626,000 | 283,092,000 | 298,278,000 | 295,566,000 | 299,588,000 | 367,041,000 | 285,060,000 | 241,681,000 | 738,438,000 | 768,510,000 | 878,339,000 | 745,175,000 | 813,661,000 | 906,100,000 |
| total assets | 97,650,000 | 201,965,000 | 284,010,000 | 299,454,000 | 296,958,000 | 303,663,000 | 376,389,000 | 565,432,000 | 640,881,000 | 771,440,000 | 808,979,000 | 939,975,000 | 827,390,000 | 911,561,000 | 1,032,906,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 93,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,196,000 | 40,875,000 | 94,058,000 | 110,448,000 | 120,510,000 | 151,849,000 | 173,224,000 | 194,808,000 | 256,484,000 | 268,415,000 | 328,804,000 | 387,754,000 | 433,126,000 | 442,224,000 | 369,005,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 25,500,000 | 44,737,000 | 117,342,000 | 136,355,000 | 168,269,000 | 194,229,000 | 271,937,000 | 407,766,000 | 349,990,000 | 423,647,000 | 455,189,000 | 544,910,000 | 555,641,000 | 588,082,000 | 504,188,000 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 401,000 | 2,099,000 | 12,301,000 | 12,245,000 | 12,109,000 | 15,052,000 | 17,121,000 | 26,423,000 | 33,654,000 | 36,962,000 | 43,086,000 | 23,405,000 | 73,069,000 | 145,217,000 |
| total liabilities | 25,500,000 | 45,138,000 | 119,441,000 | 148,656,000 | 180,514,000 | 206,338,000 | 286,989,000 | 424,887,000 | 376,413,000 | 457,301,000 | 492,151,000 | 587,996,000 | 579,046,000 | 661,151,000 | 649,405,000 |
| net assets | 72,150,000 | 156,827,000 | 164,569,000 | 150,798,000 | 116,444,000 | 97,325,000 | 89,400,000 | 140,545,000 | 264,468,000 | 314,139,000 | 316,828,000 | 351,979,000 | 248,344,000 | 250,410,000 | 383,501,000 |
| total shareholders funds | 72,150,000 | 156,827,000 | 164,569,000 | 150,798,000 | 116,444,000 | 97,325,000 | 89,400,000 | 140,545,000 | 264,468,000 | 314,139,000 | 316,828,000 | 351,979,000 | 248,344,000 | 250,410,000 | 383,501,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | |||||||||||||||
| Tax | -1,705,000 | -3,229,000 | -6,900,000 | -8,564,000 | -13,435,000 | -12,414,000 | -10,265,000 | -18,492,000 | -18,345,000 | -24,217,000 | 10,655,000 | -40,531,000 | -46,762,000 | -45,804,000 | -46,091,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -269,000 | -1,165,000 | -2,640,000 | 1,975,000 | -310,000 | -323,000 | -64,958,000 | -89,950,000 | -22,923,000 | 125,990,000 | -132,785,000 | 83,315,000 | 25,972,000 | 62,049,000 | 16,498,000 |
| Creditors | -17,679,000 | -53,183,000 | -16,390,000 | -10,062,000 | -31,339,000 | -21,375,000 | -21,584,000 | -61,676,000 | -11,931,000 | -60,389,000 | -58,950,000 | -45,372,000 | -9,098,000 | 73,219,000 | 369,005,000 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -38,687,000 | -31,268,000 | 10,184,000 | 18,346,000 | 28,933,000 | 38,585,000 | -182,940,000 | 133,334,000 | -51,857,000 | -49,476,000 | 67,489,000 | 26,542,000 | 9,481,000 | 24,840,000 | 56,528,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -93,000 | 93,000 | 0 |
| change in cash | -38,687,000 | -31,268,000 | 10,184,000 | 18,346,000 | 28,933,000 | 38,585,000 | -182,940,000 | 133,334,000 | -51,857,000 | -49,476,000 | 67,489,000 | 26,542,000 | 9,574,000 | 24,747,000 | 56,528,000 |
st andrew's insurance plc Credit Report and Business Information
St Andrew's Insurance Plc Competitor Analysis
Perform a competitor analysis for st andrew's insurance plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2N area or any other competitors across 12 key performance metrics.
st andrew's insurance plc Ownership
ST ANDREW'S INSURANCE PLC group structure
St Andrew'S Insurance Plc has no subsidiary companies.
Ultimate parent company
2 parents
ST ANDREW'S INSURANCE PLC
03104671
st andrew's insurance plc directors
St Andrew'S Insurance Plc currently has 13 directors. The longest serving directors include Mr Christopher Moulder (Jun 2017) and Mrs Gayle Schumacher (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Moulder | United Kingdom | 66 years | Jun 2017 | - | Director |
| Mrs Gayle Schumacher | England | 65 years | Jul 2019 | - | Director |
| Mr William Chalmers | United Kingdom | 56 years | Aug 2019 | - | Director |
| Mr James Hillman | Scotland | 55 years | Dec 2019 | - | Director |
| Mrs Deborah Davis | United Kingdom | 61 years | Mar 2022 | - | Director |
| Mr Jonathan Wheway | 58 years | Aug 2022 | - | Director | |
| Mr Jonathan Wheway | 58 years | Aug 2022 | - | Director | |
| Mr Chirantan Barua | United Kingdom | 51 years | May 2023 | - | Director |
| Mrs Joanna Harris | United Kingdom | 51 years | Sep 2023 | - | Director |
| Mr Matthew Cuhls | United Kingdom | 50 years | Jan 2024 | - | Director |
P&L
December 2023turnover
17.8m
-63%
operating profit
2.9m
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
72.2m
-0.54%
total assets
97.7m
-0.52%
cash
60m
-0.39%
net assets
Total assets minus all liabilities
st andrew's insurance plc company details
company number
03104671
Type
Public limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
September 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
surrey public limited company (January 1996)
accountant
-
auditor
DELOITTE LLP
address
33 old broad street, london, EC2N 1HZ
Bank
BANK OF SCOTLAND
Legal Advisor
-
st andrew's insurance plc 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 st andrew's insurance plc.
st andrew's insurance plc 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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st andrew's insurance plc Companies House Filings - See Documents
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