hastings insurance services limited
hastings insurance services limited Company Information
Company Number
03116518
Next Accounts
Sep 2025
Shareholders
hastings (uk) ltd
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
conquest house, collington avenue, bexhill on sea, east sussex, TN39 3LW
Website
www.hastingsdirect.comhastings insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of HASTINGS INSURANCE SERVICES LIMITED at £1.1b based on a Turnover of £511.5m and 2.16x industry multiple (adjusted for size and gross margin).
hastings insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of HASTINGS INSURANCE SERVICES LIMITED at £1.1b based on an EBITDA of £84.9m and a 13.16x industry multiple (adjusted for size and gross margin).
hastings insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of HASTINGS INSURANCE SERVICES LIMITED at £441.7m based on Net Assets of £232.6m and 1.9x industry multiple (adjusted for liquidity).
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Hastings Insurance Services Limited Overview
Hastings Insurance Services Limited is a live company located in bexhill on sea, TN39 3LW with a Companies House number of 03116518. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in October 1995, it's largest shareholder is hastings (uk) ltd with a 100% stake. Hastings Insurance Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £511.5m with healthy growth in recent years.
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Hastings Insurance Services Limited Health Check
Pomanda's financial health check has awarded Hastings Insurance Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £511.5m, make it larger than the average company (£2.9m)
£511.5m - Hastings Insurance Services Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.7%)
15% - Hastings Insurance Services Limited
6.7% - Industry AVG
Production
with a gross margin of 94.6%, this company has a comparable cost of product (94.6%)
94.6% - Hastings Insurance Services Limited
94.6% - Industry AVG
Profitability
an operating margin of 11.9% make it less profitable than the average company (19.6%)
11.9% - Hastings Insurance Services Limited
19.6% - Industry AVG
Employees
with 3156 employees, this is above the industry average (18)
3156 - Hastings Insurance Services Limited
18 - Industry AVG
Pay Structure
on an average salary of £45.5k, the company has an equivalent pay structure (£52.4k)
£45.5k - Hastings Insurance Services Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £162.1k, this is more efficient (£126.4k)
£162.1k - Hastings Insurance Services Limited
£126.4k - Industry AVG
Debtor Days
it gets paid by customers after 376 days, this is later than average (73 days)
376 days - Hastings Insurance Services Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 7946 days, this is slower than average (150 days)
7946 days - Hastings Insurance Services Limited
150 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hastings Insurance Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (33 weeks)
4 weeks - Hastings Insurance Services Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74%, this is a higher level of debt than the average (58%)
74% - Hastings Insurance Services Limited
58% - Industry AVG
HASTINGS INSURANCE SERVICES LIMITED financials
Hastings Insurance Services Limited's latest turnover from December 2023 is £511.5 million and the company has net assets of £232.6 million. According to their latest financial statements, Hastings Insurance Services Limited has 3,156 employees and maintains cash reserves of £61.8 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 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 511,500,000 | 405,800,000 | 375,400,000 | 337,200,000 | 330,300,000 | 331,600,000 | 335,300,000 | 288,499,000 | 243,372,000 | 204,469,000 | 171,541,000 | 142,439,000 | 105,091,000 | 42,970,000 | 58,017,892 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 94,000,000 | 124,700,000 | 115,100,000 | 101,212,000 | 89,894,000 | 69,524,000 | 37,245,000 | 39,392,000 | 18,153,000 | 3,775,000 | 5,322,071 | ||||
| Interest Payable | 400,000 | 2,200,000 | 600,000 | 500,000 | 400,000 | 500,000 | 234,000 | 46,000 | 6,000 | 933 | |||||
| Interest Receivable | 2,900,000 | 700,000 | 300,000 | 600,000 | 1,300,000 | 200,000 | 237,000 | 193,000 | 337,000 | 546,000 | 375,000 | 403,000 | 215,000 | 526,664 | |
| Pre-Tax Profit | 64,500,000 | 10,200,000 | 29,200,000 | 30,700,000 | 78,300,000 | 117,100,000 | 109,700,000 | 95,676,000 | 84,836,000 | 65,873,000 | 37,791,000 | 39,533,000 | 18,510,000 | 3,984,000 | 5,847,802 |
| Tax | -16,800,000 | -1,900,000 | -5,300,000 | -6,300,000 | -15,100,000 | -22,200,000 | -21,300,000 | -19,537,000 | -17,144,000 | -14,485,000 | -10,571,000 | -11,758,000 | -3,927,000 | -1,222,000 | 28,681 |
| Profit After Tax | 47,700,000 | 8,300,000 | 23,900,000 | 24,400,000 | 63,200,000 | 94,900,000 | 88,400,000 | 76,139,000 | 67,692,000 | 51,388,000 | 27,220,000 | 27,775,000 | 14,583,000 | 2,762,000 | 5,876,483 |
| Dividends Paid | 21,000,000 | 30,300,000 | 45,300,000 | 61,700,000 | 79,200,000 | 56,500,000 | 48,500,000 | 47,156,000 | 18,663,000 | 31,832,000 | |||||
| Retained Profit | 47,700,000 | -12,700,000 | 23,900,000 | -5,900,000 | 17,900,000 | 33,200,000 | 9,200,000 | 19,639,000 | 19,192,000 | 4,232,000 | 8,557,000 | -4,057,000 | 14,583,000 | 2,762,000 | 5,876,483 |
| Employee Costs | 143,500,000 | 126,500,000 | 122,000,000 | 127,300,000 | 93,700,000 | 88,800,000 | 83,900,000 | 71,092,000 | 54,195,000 | 50,834,000 | 45,753,000 | 38,858,000 | 30,330,000 | 12,401,000 | 18,912,918 |
| Number Of Employees | 3,156 | 2,994 | 2,969 | 2,989 | 2,929 | 2,824 | 2,548 | 2,339 | 1,887 | 1,669 | 1,517 | 1,299 | 1,141 | 958 | 701 |
| EBITDA* | 109,300,000 | 131,800,000 | 120,500,000 | 106,748,000 | 94,405,000 | 73,175,000 | 40,297,000 | 41,748,000 | 21,087,000 | 5,413,000 | 7,807,622 |
* 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 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 44,500,000 | 35,200,000 | 42,700,000 | 38,500,000 | 40,800,000 | 40,700,000 | 11,100,000 | 8,364,000 | 8,895,000 | 6,085,000 | 5,790,000 | 19,817,000 | 19,885,000 | 23,413,000 | 5,576,154 |
| Intangible Assets | 178,700,000 | 163,200,000 | 123,300,000 | 97,900,000 | 84,400,000 | 75,200,000 | 60,500,000 | 48,615,000 | 32,170,000 | 10,489,000 | 5,451,000 | 3,486,000 | 2,729,000 | 2,222,000 | |
| Investments & Other | 13,500,000 | 8,600,000 | 23,100,000 | 23,200,000 | 22,700,000 | 4,334,000 | 4,034,000 | 4,034,000 | 4,033,561 | ||||||
| Debtors (Due After 1 year) | 24,500,000 | 24,200,000 | 2,500,000 | 14,126,063 | |||||||||||
| Total Fixed Assets | 223,200,000 | 198,400,000 | 163,500,000 | 136,400,000 | 125,200,000 | 115,900,000 | 71,600,000 | 56,979,000 | 41,065,000 | 16,574,000 | 11,241,000 | 23,303,000 | 22,614,000 | 25,635,000 | 23,735,778 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 528,000,000 | 425,300,000 | 346,300,000 | 331,000,000 | 339,800,000 | 314,400,000 | 305,900,000 | 262,762,000 | 211,363,000 | 164,759,000 | 143,401,000 | 123,838,000 | 116,419,000 | 84,366,000 | 70,139,830 |
| Group Debtors | 28,500,000 | 19,700,000 | 24,700,000 | 22,100,000 | 31,700,000 | 10,300,000 | 969,000 | 14,185,000 | 16,695,000 | 23,010,000 | 21,334,000 | 6,555,000 | 4,328,087 | ||
| Misc Debtors | 18,000,000 | 13,100,000 | 60,300,000 | 11,800,000 | 10,000,000 | 1,500,000 | 1,300,000 | 1,752,000 | 982,000 | 905,000 | 782,000 | 2,408,000 | 635,000 | 2,471,892 | |
| Cash | 61,800,000 | 47,800,000 | 32,600,000 | 47,500,000 | 44,300,000 | 55,900,000 | 59,500,000 | 69,139,000 | 51,803,000 | 38,386,000 | 68,699,000 | 42,268,000 | 33,958,000 | 34,662,000 | 19,473,933 |
| misc current assets | 30,400,000 | 27,200,000 | 27,400,000 | 27,700,000 | 32,500,000 | 5,300,000 | 3,537,000 | 2,055,000 | 1,092,000 | 11,926,000 | 906,000 | 654,000 | 745,000 | 13,516,057 | |
| total current assets | 670,800,000 | 537,100,000 | 469,700,000 | 444,400,000 | 442,500,000 | 436,000,000 | 382,300,000 | 337,190,000 | 267,172,000 | 219,327,000 | 241,503,000 | 190,022,000 | 174,773,000 | 126,963,000 | 109,929,799 |
| total assets | 894,000,000 | 735,500,000 | 633,200,000 | 580,800,000 | 567,700,000 | 551,900,000 | 453,900,000 | 394,169,000 | 308,237,000 | 235,901,000 | 252,744,000 | 213,325,000 | 197,387,000 | 152,598,000 | 133,665,577 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 600,800,000 | 510,500,000 | 392,700,000 | 380,700,000 | 361,000,000 | 318,200,000 | 293,200,000 | 14,258,000 | 15,554,000 | 5,688,000 | 1,830,740 | ||||
| Group/Directors Accounts | 162,000 | 487,000 | 492,000 | 91,610,678 | |||||||||||
| other short term finances | 100,000 | ||||||||||||||
| hp & lease commitments | 11,400,000 | 61,450 | |||||||||||||
| other current liabilities | 43,500,000 | 24,200,000 | 13,500,000 | 11,200,000 | 16,300,000 | 61,700,000 | 63,800,000 | 308,559,000 | 244,268,000 | 192,263,000 | 212,677,000 | 163,801,000 | 142,190,000 | 121,836,000 | 12,455,394 |
| total current liabilities | 644,300,000 | 534,700,000 | 406,300,000 | 391,900,000 | 377,300,000 | 391,300,000 | 357,000,000 | 308,559,000 | 244,268,000 | 192,263,000 | 212,677,000 | 178,221,000 | 158,231,000 | 128,016,000 | 105,958,262 |
| loans | 35,600,000 | 13,100,000 | 8,500,000 | 400,000 | 680,000 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 10,400,000 | 6,000,000 | 3,000,000 | 2,000,000 | 1,900,000 | 1,900,000 | 2,000,000 | 3,076,000 | 2,535,000 | 1,868,000 | 2,208,000 | 5,274,000 | 4,408,000 | 3,234,000 | |
| other liabilities | 6,700,000 | 9,400,000 | 4,417,171 | ||||||||||||
| provisions | 200,000 | 5,000,000 | 1,200,000 | 400,000 | 642,000 | 1,698,000 | 3,020,000 | 5,106,000 | 3,304,860 | ||||||
| total long term liabilities | 17,100,000 | 15,400,000 | 28,700,000 | 15,200,000 | 12,900,000 | 2,500,000 | 2,000,000 | 3,076,000 | 2,735,000 | 1,868,000 | 2,529,000 | 6,123,000 | 6,118,000 | 6,127,000 | 7,722,031 |
| total liabilities | 661,400,000 | 550,100,000 | 435,000,000 | 407,100,000 | 390,200,000 | 393,800,000 | 359,000,000 | 311,635,000 | 247,003,000 | 194,131,000 | 215,206,000 | 184,344,000 | 164,349,000 | 134,143,000 | 113,680,293 |
| net assets | 232,600,000 | 185,400,000 | 198,200,000 | 173,700,000 | 177,500,000 | 158,100,000 | 94,900,000 | 82,534,000 | 61,234,000 | 41,770,000 | 37,538,000 | 28,981,000 | 33,038,000 | 18,455,000 | 19,985,284 |
| total shareholders funds | 232,600,000 | 185,400,000 | 198,200,000 | 173,700,000 | 177,500,000 | 158,100,000 | 94,900,000 | 82,534,000 | 61,234,000 | 41,770,000 | 37,538,000 | 28,981,000 | 33,038,000 | 18,455,000 | 19,985,284 |
| 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 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 94,000,000 | 124,700,000 | 115,100,000 | 101,212,000 | 89,894,000 | 69,524,000 | 37,245,000 | 39,392,000 | 18,153,000 | 3,775,000 | 5,322,071 | ||||
| Depreciation | 5,000,000 | 7,600,000 | 6,000,000 | 6,000,000 | 5,300,000 | 4,600,000 | 2,500,000 | 2,617,000 | 2,183,000 | 1,604,000 | 1,842,000 | 1,746,000 | 1,852,000 | 930,000 | 2,485,551 |
| Amortisation | 19,200,000 | 17,100,000 | 15,300,000 | 17,500,000 | 10,000,000 | 2,500,000 | 2,900,000 | 2,919,000 | 2,328,000 | 2,047,000 | 1,210,000 | 610,000 | 1,082,000 | 708,000 | |
| Tax | -16,800,000 | -1,900,000 | -5,300,000 | -6,300,000 | -15,100,000 | -22,200,000 | -21,300,000 | -19,537,000 | -17,144,000 | -14,485,000 | -10,571,000 | -11,758,000 | -3,927,000 | -1,222,000 | 28,681 |
| Stock | |||||||||||||||
| Debtors | 116,700,000 | 73,200,000 | 41,600,000 | -4,400,000 | 24,300,000 | 30,100,000 | 52,986,000 | 51,200,000 | 33,465,000 | 18,971,000 | 14,030,000 | 6,687,000 | 48,605,000 | 91,556,000 | 91,065,872 |
| Creditors | 90,300,000 | 117,800,000 | 12,000,000 | 19,700,000 | 42,800,000 | 25,000,000 | 293,200,000 | -14,258,000 | -1,296,000 | 9,866,000 | 5,688,000 | 1,830,740 | |||
| Accruals and Deferred Income | 23,700,000 | 13,700,000 | 3,300,000 | -5,000,000 | -45,400,000 | -2,200,000 | -245,835,000 | 64,832,000 | 52,672,000 | -20,754,000 | 45,810,000 | 22,477,000 | 21,528,000 | 125,070,000 | 12,455,394 |
| Deferred Taxes & Provisions | -200,000 | -4,800,000 | 3,800,000 | 1,200,000 | -400,000 | 400,000 | -642,000 | -1,056,000 | -1,322,000 | -2,086,000 | 5,106,000 | 3,304,860 | |||
| Cash flow from operations | 71,100,000 | 103,500,000 | 93,579,000 | 100,443,000 | 96,868,000 | 18,323,000 | 46,192,000 | 43,162,000 | -2,137,000 | 48,499,000 | -65,638,575 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 4,900,000 | -14,500,000 | -100,000 | 500,000 | 22,700,000 | -4,334,000 | 300,000 | 4,034,000 | 4,033,561 | ||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -162,000 | -325,000 | -5,000 | 492,000 | 91,610,678 | ||||||||||
| Other Short Term Loans | -100,000 | 100,000 | |||||||||||||
| Long term loans | -35,600,000 | 22,500,000 | 4,600,000 | 8,500,000 | -400,000 | -280,000 | 680,000 | ||||||||
| Hire Purchase and Lease Commitments | -11,400,000 | 11,400,000 | 61,450 | ||||||||||||
| other long term liabilities | -2,700,000 | 9,400,000 | 4,417,171 | ||||||||||||
| share issue | |||||||||||||||
| interest | 2,500,000 | -1,500,000 | -300,000 | 100,000 | -400,000 | 800,000 | 200,000 | 237,000 | 193,000 | 337,000 | 546,000 | 141,000 | 357,000 | 209,000 | 525,731 |
| cash flow from financing | -700,000 | -27,900,000 | 22,900,000 | 6,800,000 | -1,800,000 | 42,200,000 | 3,366,000 | 1,898,000 | 465,000 | 337,000 | 384,000 | -584,000 | 72,000 | 17,074,000 | 110,723,831 |
| cash and cash equivalents | |||||||||||||||
| cash | 14,000,000 | 15,200,000 | -14,900,000 | 3,200,000 | -11,600,000 | -3,600,000 | -9,639,000 | 17,336,000 | 13,417,000 | -30,313,000 | 26,431,000 | 8,310,000 | -704,000 | 34,662,000 | 19,473,933 |
| overdraft | |||||||||||||||
| change in cash | 14,000,000 | 15,200,000 | -14,900,000 | 3,200,000 | -11,600,000 | -3,600,000 | -9,639,000 | 17,336,000 | 13,417,000 | -30,313,000 | 26,431,000 | 8,310,000 | -704,000 | 34,662,000 | 19,473,933 |
hastings insurance services limited Credit Report and Business Information
Hastings Insurance Services Limited Competitor Analysis
Perform a competitor analysis for hastings insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in TN39 area or any other competitors across 12 key performance metrics.
hastings insurance services limited Ownership
HASTINGS INSURANCE SERVICES LIMITED group structure
Hastings Insurance Services Limited has 4 subsidiary companies.
Ultimate parent company
SAMPO PLC
#0124304
2 parents
HASTINGS INSURANCE SERVICES LIMITED
03116518
4 subsidiaries
hastings insurance services limited directors
Hastings Insurance Services Limited currently has 4 directors. The longest serving directors include Mr Tobias Van Der Meer (Sep 2011) and Mrs. Susan Amies-King (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tobias Van Der Meer | 47 years | Sep 2011 | - | Director | |
| Mrs. Susan Amies-King | United Kingdom | 61 years | Jul 2016 | - | Director |
| Ms Valerie Dias | United Kingdom | 65 years | Oct 2016 | - | Director |
| Mr Mark Cliff | United Kingdom | 63 years | Jan 2022 | - | Director |
P&L
December 2023turnover
511.5m
+26%
operating profit
60.7m
0%
gross margin
94.7%
+0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
232.6m
+0.25%
total assets
894m
+0.22%
cash
61.8m
+0.29%
net assets
Total assets minus all liabilities
hastings insurance services limited company details
company number
03116518
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
October 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
precis (1405) limited (March 1996)
accountant
-
auditor
DELOITTE LLP
address
conquest house, collington avenue, bexhill on sea, east sussex, TN39 3LW
Bank
BARCLAYS BANK PLC
Legal Advisor
-
hastings insurance services 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 5 charges/mortgages relating to hastings insurance services limited. Currently there are 0 open charges and 5 have been satisfied in the past.
hastings insurance services 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.
Click to start generating capital raising & share issue transactions for HASTINGS INSURANCE SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
hastings insurance services limited Companies House Filings - See Documents
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