newline underwriting management limited
newline underwriting management limited Company Information
Company Number
03223686
Next Accounts
Sep 2025
Shareholders
newline holdings uk ltd
Group Structure
View All
Industry
Non-life insurance
Registered Address
1 fen court, london, EC3M 5BN
Website
www.newlinegroup.comnewline underwriting management limited Estimated Valuation
Pomanda estimates the enterprise value of NEWLINE UNDERWRITING MANAGEMENT LIMITED at £14.6m based on a Turnover of £17.7m and 0.82x industry multiple (adjusted for size and gross margin).
newline underwriting management limited Estimated Valuation
Pomanda estimates the enterprise value of NEWLINE UNDERWRITING MANAGEMENT LIMITED at £5.2m based on an EBITDA of £569.5k and a 9.08x industry multiple (adjusted for size and gross margin).
newline underwriting management limited Estimated Valuation
Pomanda estimates the enterprise value of NEWLINE UNDERWRITING MANAGEMENT LIMITED at £20m based on Net Assets of £12.2m and 1.64x industry multiple (adjusted for liquidity).
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Newline Underwriting Management Limited Overview
Newline Underwriting Management Limited is a live company located in london, EC3M 5BN with a Companies House number of 03223686. It operates in the non-life insurance sector, SIC Code 65120. Founded in July 1996, it's largest shareholder is newline holdings uk ltd with a 100% stake. Newline Underwriting Management Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.7m with declining growth in recent years.
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Newline Underwriting Management Limited Health Check
Pomanda's financial health check has awarded Newline Underwriting Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £17.7m, make it larger than the average company (£2.1m)
£17.7m - Newline Underwriting Management Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (8.7%)
-16% - Newline Underwriting Management Limited
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Newline Underwriting Management Limited
100% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (17.5%)
-0.3% - Newline Underwriting Management Limited
17.5% - Industry AVG
Employees
with 176 employees, this is above the industry average (26)
176 - Newline Underwriting Management Limited
26 - Industry AVG
Pay Structure
on an average salary of £28.6k, the company has a lower pay structure (£65.3k)
£28.6k - Newline Underwriting Management Limited
£65.3k - Industry AVG
Efficiency
resulting in sales per employee of £100.4k, this is less efficient (£163.8k)
£100.4k - Newline Underwriting Management Limited
£163.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Newline Underwriting Management Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Newline Underwriting Management Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Newline Underwriting Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (18 weeks)
23 weeks - Newline Underwriting Management Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.5%, this is a lower level of debt than the average (81.5%)
44.5% - Newline Underwriting Management Limited
81.5% - Industry AVG
NEWLINE UNDERWRITING MANAGEMENT LIMITED financials
Newline Underwriting Management Limited's latest turnover from December 2023 is £17.7 million and the company has net assets of £12.2 million. According to their latest financial statements, Newline Underwriting Management Limited has 176 employees and maintains cash reserves of £2.8 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,666,771 | 38,263,602 | 30,441,520 | 29,821,695 | 26,839,143 | 25,707,966 | 24,491,345 | 23,641,912 | 23,784,866 | 19,185,118 | 19,396,415 | 17,737,107 | 16,669,247 | 16,038,632 | 15,208,511 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -59,038 | -41,204 | -128,369 | 17,354 | -42,332 | 34,486 | 76,988 | 78,632 | -105,842 | -152,377 | -113,629 | -401,615 | 112,504 | -34,929 | -24,191 |
| Interest Payable | 15,998 | 9,605 | 25,140 | 21,593 | 17,241 | 6,173 | 22,711 | 13,526 | 18,300 | 214,472 | 123,300 | 56,459 | 33,269 | 41,398 | |
| Interest Receivable | 361,409 | 654 | 20,271 | 54,661 | 13 | 533 | 91,578 | 46,766 | 60,261 | ||||||
| Pre-Tax Profit | 286,373 | -50,155 | -133,238 | 17,187 | -4,912 | 42,918 | 61,150 | 93,340 | -80,999 | -3,965 | -298,659 | -525,771 | 903,950 | -13,733 | -5,328 |
| Tax | -217,357 | 130,068 | 373,022 | 41,230 | 127,804 | 166,630 | 153,404 | -47,893 | -63,945 | 92,016 | -89,375 | 138,751 | -262,634 | 98,223 | 5,239 |
| Profit After Tax | 69,016 | 79,913 | 239,784 | 58,417 | 122,892 | 209,548 | 214,554 | 45,447 | -144,944 | 88,051 | -388,034 | -387,020 | 641,316 | 84,490 | -89 |
| Dividends Paid | 5,000,000 | ||||||||||||||
| Retained Profit | 69,016 | 79,913 | 239,784 | -4,941,583 | 122,892 | 209,548 | 214,554 | 45,447 | -144,944 | 88,051 | -388,034 | -387,020 | 641,316 | 84,490 | -89 |
| Employee Costs | 5,029,987 | 23,293,743 | 20,495,123 | 20,909,527 | 17,103,627 | 15,882,273 | 13,641,382 | 14,824,314 | 13,578,973 | 13,361,536 | 12,051,523 | 11,697,186 | 9,327,588 | 9,644,020 | 8,938,725 |
| Number Of Employees | 176 | 165 | 149 | 137 | 133 | 124 | 117 | 115 | 114 | 107 | 106 | 111 | 107 | 99 | 94 |
| EBITDA* | 569,470 | 655,202 | 1,287,423 | 1,114,526 | 1,549,875 | 1,573,677 | 1,645,999 | 1,426,918 | 1,263,797 | 377,549 | 348,252 | -116,433 | 199,577 | 31,105 | 22,131 |
* 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 | 3,051,656 | 1,497,789 | 1,046,289 | 1,279,084 | 1,323,637 | 1,715,288 | 2,036,959 | 2,439,056 | 1,603,587 | 888,342 | 1,727,923 | 1,631,569 | 219,239 | 227,378 | 115,857 |
| Intangible Assets | 34,239 | 57,065 | 68,479 | 938,553 | 1,500,397 | 2,497,230 | 3,280,693 | 3,751,415 | 4,570,259 | 2,936,357 | |||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 9,984 | 12,515 | 10,833 | ||||||||||||
| Total Fixed Assets | 3,085,895 | 1,554,854 | 1,114,768 | 2,217,637 | 2,824,034 | 4,212,518 | 5,317,652 | 6,190,471 | 6,173,846 | 3,824,699 | 1,737,907 | 1,631,569 | 219,239 | 239,893 | 126,690 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 3,093,488 | 16,879,253 | 6,748,367 | 7,266,568 | 4,598,568 | 6,865,358 | 4,966,799 | 2,651,933 | 4,498,486 | 1,515,561 | 2,088,804 | 1,216,081 | 4,578,857 | 3,681,895 | 2,530,489 |
| Misc Debtors | 5,500,417 | 5,211,210 | 1,959,892 | 1,338,683 | 1,445,893 | 858,018 | 965,605 | 790,391 | 1,480,278 | 711,909 | 725,007 | 563,512 | 542,951 | 338,366 | 68,577 |
| Cash | 2,785,054 | 1,686,520 | 8,835,200 | 4,874,609 | 3,024,922 | 886,217 | 4,186,474 | 4,304,344 | 590,908 | 1,452,086 | 2,252,102 | 3,756,040 | 2,710,599 | 3,824,614 | 2,709,706 |
| misc current assets | 7,502,007 | 1,999,488 | 2,014,848 | 6,974,062 | 7,274,485 | 4,994,529 | 6,994,832 | 7,985,750 | 9,582,720 | 10,003,380 | 9,998,300 | 10,365,183 | 9,146,508 | 12,776,640 | |
| total current assets | 18,880,966 | 23,776,983 | 19,542,947 | 15,494,708 | 16,043,445 | 15,884,078 | 15,113,407 | 14,741,500 | 14,555,422 | 13,262,276 | 15,069,293 | 15,533,933 | 18,197,590 | 16,991,383 | 18,085,412 |
| total assets | 21,966,861 | 25,331,837 | 20,657,715 | 17,712,345 | 18,867,479 | 20,096,596 | 20,431,059 | 20,931,971 | 20,729,268 | 17,086,975 | 16,807,200 | 17,165,502 | 18,416,829 | 17,231,276 | 18,212,102 |
| Bank overdraft | 89,966 | 339,116 | 213,928 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 107,189 | 1,208,768 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 6,208,498 | 11,157,463 | 8,624,619 | 5,919,033 | 2,132,584 | 3,413,285 | 3,922,553 | 4,546,398 | 4,376,567 | 749,834 | 607,853 | 578,121 | 1,226,007 | 559,075 | 540,811 |
| total current liabilities | 6,208,498 | 11,157,463 | 8,624,619 | 5,919,033 | 2,132,584 | 3,413,285 | 3,922,553 | 4,546,398 | 4,376,567 | 749,834 | 607,853 | 578,121 | 1,423,162 | 898,191 | 1,963,507 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,576,338 | 2,061,365 | |||||||||||||
| provisions | 71,308 | 106,051 | 197,672 | 210,247 | 49,743 | 19,266 | |||||||||
| total long term liabilities | 3,576,338 | 2,061,365 | 71,308 | 106,051 | 197,672 | 210,247 | 49,743 | 19,266 | |||||||
| total liabilities | 9,784,836 | 13,218,828 | 8,624,619 | 5,919,033 | 2,132,584 | 3,484,593 | 4,028,604 | 4,744,070 | 4,586,814 | 799,577 | 607,853 | 578,121 | 1,442,428 | 898,191 | 1,963,507 |
| net assets | 12,182,025 | 12,113,009 | 12,033,096 | 11,793,312 | 16,734,895 | 16,612,003 | 16,402,455 | 16,187,901 | 16,142,454 | 16,287,398 | 16,199,347 | 16,587,381 | 16,974,401 | 16,333,085 | 16,248,595 |
| total shareholders funds | 12,182,025 | 12,113,009 | 12,033,096 | 11,793,312 | 16,734,895 | 16,612,003 | 16,402,455 | 16,187,901 | 16,142,454 | 16,287,398 | 16,199,347 | 16,587,381 | 16,974,401 | 16,333,085 | 16,248,595 |
| 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 | -59,038 | -41,204 | -128,369 | 17,354 | -42,332 | 34,486 | 76,988 | 78,632 | -105,842 | -152,377 | -113,629 | -401,615 | 112,504 | -34,929 | -24,191 |
| Depreciation | 605,682 | 684,992 | 545,718 | 516,942 | 481,753 | 471,478 | 486,510 | 322,785 | 748,258 | 450,698 | 461,881 | 285,182 | 87,073 | 66,034 | 46,322 |
| Amortisation | 22,826 | 11,414 | 870,074 | 580,230 | 1,110,454 | 1,067,713 | 1,082,501 | 1,025,501 | 621,381 | 79,228 | |||||
| Tax | -217,357 | 130,068 | 373,022 | 41,230 | 127,804 | 166,630 | 153,404 | -47,893 | -63,945 | 92,016 | -89,375 | 138,751 | -262,634 | 98,223 | 5,239 |
| Stock | |||||||||||||||
| Debtors | -13,496,558 | 13,382,204 | 103,008 | 2,560,790 | -1,678,915 | 1,790,972 | 2,490,080 | -2,536,440 | 3,751,294 | -596,325 | 1,044,202 | -3,342,215 | 1,089,032 | 1,422,877 | 2,609,899 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | -4,948,965 | 2,532,844 | 2,705,586 | 3,786,449 | -1,280,701 | -509,268 | -623,845 | 169,831 | 3,626,733 | 141,981 | 29,732 | -647,886 | 666,932 | 18,264 | 540,811 |
| Deferred Taxes & Provisions | -71,308 | -34,743 | -91,621 | -12,575 | 160,504 | 49,743 | -19,266 | 19,266 | |||||||
| Cash flow from operations | 8,899,706 | -10,064,090 | 4,263,023 | 2,381,415 | 2,004,585 | -594,676 | -1,406,143 | 4,072,721 | 1,235,795 | 1,257,614 | -755,593 | 2,697,381 | -465,891 | -1,275,285 | -2,041,718 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -107,189 | 107,189 | -1,208,768 | 1,208,768 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 1,514,973 | 2,061,365 | |||||||||||||
| share issue | |||||||||||||||
| interest | 345,411 | -8,951 | -4,869 | -21,593 | 37,420 | -6,173 | -22,711 | -13,526 | -18,300 | -214,459 | -122,767 | 35,119 | 13,497 | 18,863 | |
| cash flow from financing | 1,860,384 | 2,052,414 | -4,869 | -21,593 | 37,420 | -6,173 | -22,711 | -13,526 | -18,300 | -214,459 | -229,956 | 142,308 | -1,195,271 | 17,476,315 | |
| cash and cash equivalents | |||||||||||||||
| cash | 1,098,534 | -7,148,680 | 3,960,591 | 1,849,687 | 2,138,705 | -3,300,257 | -117,870 | 3,713,436 | -861,178 | -800,016 | -1,503,938 | 1,045,441 | -1,114,015 | 1,114,908 | 2,709,706 |
| overdraft | -89,966 | -249,150 | 125,188 | 213,928 | |||||||||||
| change in cash | 1,098,534 | -7,148,680 | 3,960,591 | 1,849,687 | 2,138,705 | -3,300,257 | -117,870 | 3,713,436 | -861,178 | -800,016 | -1,503,938 | 1,135,407 | -864,865 | 989,720 | 2,495,778 |
newline underwriting management limited Credit Report and Business Information
Newline Underwriting Management Limited Competitor Analysis
Perform a competitor analysis for newline underwriting management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3M area or any other competitors across 12 key performance metrics.
newline underwriting management limited Ownership
NEWLINE UNDERWRITING MANAGEMENT LIMITED group structure
Newline Underwriting Management Limited has no subsidiary companies.
Ultimate parent company
FAIRFAX FINANCIAL HOLDINGS LTD
#0018118
2 parents
NEWLINE UNDERWRITING MANAGEMENT LIMITED
03223686
newline underwriting management limited directors
Newline Underwriting Management Limited currently has 12 directors. The longest serving directors include Mr Robert Kastner (Jan 2007) and Mr Michael Wacek (Mar 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Kastner | England | 57 years | Jan 2007 | - | Director |
| Mr Michael Wacek | England | 69 years | Mar 2010 | - | Director |
| Mr Sonny Kapur | England | 65 years | Mar 2011 | - | Director |
| Mr Neil Duncan | England | 48 years | Jun 2016 | - | Director |
| Mr Henry Withinshaw | 58 years | Oct 2016 | - | Director | |
| Ms Rosemary Beaver | 61 years | Mar 2020 | - | Director | |
| Mrs Alane Carey | England | 61 years | Mar 2020 | - | Director |
| Mr Malcolm Beane | England | 70 years | Apr 2022 | - | Director |
| Mr Andrew Pecover | England | 46 years | Oct 2022 | - | Director |
| Mr Robert Pollock | England | 45 years | Jul 2023 | - | Director |
P&L
December 2023turnover
17.7m
-54%
operating profit
-59k
+43%
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
12.2m
+0.01%
total assets
22m
-0.13%
cash
2.8m
+0.65%
net assets
Total assets minus all liabilities
newline underwriting management limited company details
company number
03223686
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
July 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
tig syndicate management limited. (December 1999)
slipframe design limited (August 1996)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
1 fen court, london, EC3M 5BN
Bank
CITIBANK
Legal Advisor
-
newline underwriting management 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 1 charges/mortgages relating to newline underwriting management limited. Currently there are 1 open charges and 0 have been satisfied in the past.
newline underwriting management 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 NEWLINE UNDERWRITING MANAGEMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
newline underwriting management limited Companies House Filings - See Documents
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