cfc underwriting limited
cfc underwriting limited Company Information
Company Number
03302887
Next Accounts
Sep 2025
Shareholders
cfc group holdings limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
85 gracechurch street, london, EC3V 0AA
Website
www.cfcunderwriting.comcfc underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of CFC UNDERWRITING LIMITED at £251.5m based on a Turnover of £195.4m and 1.29x industry multiple (adjusted for size and gross margin).
cfc underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of CFC UNDERWRITING LIMITED at £1.6b based on an EBITDA of £110.6m and a 14.18x industry multiple (adjusted for size and gross margin).
cfc underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of CFC UNDERWRITING LIMITED at £149.3m based on Net Assets of £91.1m and 1.64x industry multiple (adjusted for liquidity).
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Cfc Underwriting Limited Overview
Cfc Underwriting Limited is a live company located in london, EC3V 0AA with a Companies House number of 03302887. It operates in the non-life insurance sector, SIC Code 65120. Founded in January 1997, it's largest shareholder is cfc group holdings limited with a 100% stake. Cfc Underwriting Limited is a mature, mega sized company, Pomanda has estimated its turnover at £195.4m with rapid growth in recent years.
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Cfc Underwriting Limited Health Check
Pomanda's financial health check has awarded Cfc Underwriting 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 £195.4m, make it larger than the average company (£2.1m)
£195.4m - Cfc Underwriting Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (8.6%)
36% - Cfc Underwriting Limited
8.6% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Cfc Underwriting Limited
100% - Industry AVG
Profitability
an operating margin of 50.1% make it more profitable than the average company (17.5%)
50.1% - Cfc Underwriting Limited
17.5% - Industry AVG
Employees
with 602 employees, this is above the industry average (26)
602 - Cfc Underwriting Limited
26 - Industry AVG
Pay Structure
on an average salary of £116.5k, the company has a higher pay structure (£65.3k)
£116.5k - Cfc Underwriting Limited
£65.3k - Industry AVG
Efficiency
resulting in sales per employee of £324.5k, this is more efficient (£163.8k)
£324.5k - Cfc Underwriting Limited
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is earlier than average (216 days)
106 days - Cfc Underwriting Limited
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cfc Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cfc Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (18 weeks)
45 weeks - Cfc Underwriting Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.2%, this is a similar level of debt than the average (81.4%)
79.2% - Cfc Underwriting Limited
81.4% - Industry AVG
CFC UNDERWRITING LIMITED financials
Cfc Underwriting Limited's latest turnover from December 2023 is £195.4 million and the company has net assets of £91.1 million. According to their latest financial statements, Cfc Underwriting Limited has 602 employees and maintains cash reserves of £298.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 195,379,000 | 164,797,000 | 135,901,000 | 77,975,000 | 67,512,000 | 52,312,000 | 40,404,000 | 30,613,000 | 22,235,561 | 16,040,823 | 12,362,767 | 9,684,779 | 8,488,506 | 7,469,337 | 5,242,663 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 97,962,000 | 91,371,000 | 69,113,000 | 30,070,000 | 24,629,000 | 18,580,000 | 14,437,000 | 11,005,000 | 8,534,816 | 5,694,484 | 4,366,655 | 3,441,094 | 3,153,251 | 2,926,339 | 2,391,227 |
| Interest Payable | 257,000 | 272,000 | 382,000 | 362,000 | 360,000 | 238,000 | 7,000 | ||||||||
| Interest Receivable | 6,582,000 | 354,000 | 36,000 | 246,000 | 121,000 | 4,000 | 1,089 | 1,079 | 1,089 | 1,757 | 6,307 | 4,545 | 5,150 | ||
| Pre-Tax Profit | 104,287,000 | 91,453,000 | 68,767,000 | 29,954,000 | 24,390,000 | 18,739,000 | 15,991,000 | 9,286,000 | 8,210,214 | 5,695,563 | 4,367,744 | 3,442,851 | 3,159,558 | 2,930,884 | 2,396,377 |
| Tax | -25,552,000 | -19,702,000 | -11,224,000 | -3,316,000 | -3,032,000 | -2,517,000 | -1,748,000 | -2,105,000 | -1,571,356 | -1,021,647 | -669,835 | -739,691 | -811,637 | -578,790 | -692,883 |
| Profit After Tax | 78,735,000 | 71,751,000 | 57,543,000 | 26,638,000 | 21,358,000 | 16,222,000 | 14,243,000 | 7,181,000 | 6,638,858 | 4,673,916 | 3,697,909 | 2,703,160 | 2,347,921 | 2,352,094 | 1,703,494 |
| Dividends Paid | 76,367,000 | 60,000,000 | 12,770,000 | 21,000,000 | 17,000,000 | 12,722,000 | 8,600,000 | 5,000,000 | 2,000,000 | 5,530,000 | 2,525,000 | ||||
| Retained Profit | 2,368,000 | 11,751,000 | 44,773,000 | 5,638,000 | 4,358,000 | 3,500,000 | 5,643,000 | 2,181,000 | 4,638,858 | -856,084 | 1,172,909 | 2,703,160 | 2,347,921 | 2,352,094 | 1,703,494 |
| Employee Costs | 70,135,000 | 57,456,000 | 54,842,000 | 36,355,000 | 29,625,000 | 23,289,000 | 17,790,000 | 14,606,000 | 10,055,613 | 7,606,453 | 5,801,964 | 4,210,731 | 3,573,036 | 2,906,702 | 1,986,146 |
| Number Of Employees | 602 | 513 | 429 | 357 | 320 | 263 | 197 | 153 | 116 | 86 | 64 | 47 | 43 | 33 | 27 |
| EBITDA* | 110,635,000 | 100,229,000 | 76,847,000 | 35,296,000 | 28,021,000 | 19,498,000 | 15,195,000 | 11,682,000 | 9,053,254 | 5,849,202 | 4,523,588 | 3,585,998 | 3,252,547 | 2,970,250 | 2,398,987 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,465,000 | 6,695,000 | 11,422,000 | 14,231,000 | 17,110,000 | 9,005,000 | 2,530,000 | 2,728,000 | 1,072,021 | 1,053,997 | 412,489 | 495,168 | 546,824 | 497,664 | 9,489 |
| Intangible Assets | 16,002,000 | 14,222,000 | 7,681,000 | 6,381,000 | 2,616,000 | 1,158,000 | 496,000 | 211,000 | 437,704 | 752,829 | 39,214 | 37,996 | 47,785 | 12,672 | 14,659 |
| Investments & Other | 81,000 | 81,000 | 81,000 | 81,000 | 81,000 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | |||
| Debtors (Due After 1 year) | 20,371,000 | 14,518,000 | 3,710,000 | ||||||||||||
| Total Fixed Assets | 44,919,000 | 35,516,000 | 22,894,000 | 20,693,000 | 19,807,000 | 10,163,000 | 3,026,000 | 2,939,000 | 1,509,728 | 1,806,829 | 451,706 | 533,166 | 594,611 | 510,338 | 24,150 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 57,086,000 | 45,549,000 | 29,854,000 | 20,124,000 | 18,634,000 | 8,571,000 | 5,204,000 | 4,233,000 | 2,644,367 | 14,528,257 | 10,498,776 | 6,584,328 | 6,853,054 | 6,469,830 | 5,315,638 |
| Group Debtors | 15,511,000 | 27,021,000 | 68,235,000 | 21,011,000 | 12,748,000 | 19,859,000 | 6,509,000 | 5,337,000 | 2,432,202 | 78,163 | 276,987 | 239,475 | |||
| Misc Debtors | 18,976,000 | 9,438,000 | 7,257,000 | 5,919,000 | 5,909,000 | 10,559,000 | 3,073,000 | 2,215,000 | 1,314,152 | 1,212,205 | 915,989 | 1,151,897 | 1,704,340 | 1,702,194 | 1,413,811 |
| Cash | 298,114,000 | 234,342,000 | 146,918,000 | 102,520,000 | 75,773,000 | 55,840,000 | 43,465,000 | 30,622,000 | 25,629,333 | 17,092,200 | 14,318,145 | 11,567,734 | 5,200,077 | 6,592,810 | 3,885,437 |
| misc current assets | 3,909,000 | ||||||||||||||
| total current assets | 393,596,000 | 316,350,000 | 252,264,000 | 149,574,000 | 113,064,000 | 94,829,000 | 58,251,000 | 42,407,000 | 32,020,054 | 32,910,825 | 26,009,897 | 19,543,434 | 13,757,471 | 14,764,834 | 10,614,886 |
| total assets | 438,515,000 | 351,866,000 | 275,158,000 | 170,267,000 | 132,871,000 | 104,992,000 | 61,277,000 | 45,346,000 | 33,529,782 | 34,717,654 | 26,461,603 | 20,076,600 | 14,352,082 | 15,275,172 | 10,639,036 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 56,675,000 | 45,290,000 | 29,311,000 | 20,841,000 | 69,517,000 | 235,000 | 181,000 | 151,000 | 195,218 | 23,358,436 | 15,946,179 | 11,223,015 | 8,259,066 | 10,158,628 | 7,016,815 |
| Group/Directors Accounts | 27,185,000 | 853,000 | 54,000 | 42,000 | 5,863,000 | 198,000 | 19,539 | 31,524 | 2,442 | ||||||
| other short term finances | 1,953,000 | 233,993 | |||||||||||||
| hp & lease commitments | 3,571,000 | 2,786,000 | 2,425,000 | 2,245,000 | 1,686,000 | 1,345,000 | |||||||||
| other current liabilities | 254,580,000 | 209,051,000 | 156,435,000 | 107,173,000 | 24,584,000 | 70,525,000 | 41,609,000 | 29,596,000 | 21,635,425 | 4,624,628 | 2,924,750 | 2,435,820 | 1,651,297 | 3,010,761 | 2,265,612 |
| total current liabilities | 342,011,000 | 257,127,000 | 189,024,000 | 130,313,000 | 95,829,000 | 77,968,000 | 41,988,000 | 31,700,000 | 22,064,636 | 27,983,064 | 18,870,929 | 13,658,835 | 9,929,902 | 13,200,913 | 9,284,869 |
| loans | |||||||||||||||
| hp & lease commitments | 2,055,000 | 3,482,000 | 5,555,000 | 8,257,000 | 11,136,000 | 5,476,000 | |||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,306,000 | 2,811,000 | 3,911,000 | ||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 5,361,000 | 6,293,000 | 9,466,000 | 8,257,000 | 11,136,000 | 5,476,000 | |||||||||
| total liabilities | 347,372,000 | 263,420,000 | 198,490,000 | 138,570,000 | 106,965,000 | 83,444,000 | 41,988,000 | 31,700,000 | 22,064,636 | 27,983,064 | 18,870,929 | 13,658,835 | 9,929,902 | 13,200,913 | 9,284,869 |
| net assets | 91,143,000 | 88,446,000 | 76,668,000 | 31,697,000 | 25,906,000 | 21,548,000 | 19,289,000 | 13,646,000 | 11,465,146 | 6,734,590 | 7,590,674 | 6,417,765 | 4,422,180 | 2,074,259 | 1,354,167 |
| total shareholders funds | 91,143,000 | 88,446,000 | 76,668,000 | 31,697,000 | 25,906,000 | 21,548,000 | 19,289,000 | 13,646,000 | 11,465,146 | 6,734,590 | 7,590,674 | 6,417,765 | 4,422,180 | 2,074,259 | 1,354,167 |
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 97,962,000 | 91,371,000 | 69,113,000 | 30,070,000 | 24,629,000 | 18,580,000 | 14,437,000 | 11,005,000 | 8,534,816 | 5,694,484 | 4,366,655 | 3,441,094 | 3,153,251 | 2,926,339 | 2,391,227 |
| Depreciation | 2,755,000 | 1,938,000 | 4,197,000 | 3,270,000 | 2,838,000 | 715,000 | 552,000 | 451,000 | 259,636 | 117,092 | 133,924 | 129,135 | 85,868 | 41,924 | 5,773 |
| Amortisation | 9,918,000 | 6,920,000 | 3,537,000 | 1,956,000 | 554,000 | 203,000 | 206,000 | 226,000 | 258,802 | 37,626 | 23,009 | 15,769 | 13,428 | 1,987 | 1,987 |
| Tax | -25,552,000 | -19,702,000 | -11,224,000 | -3,316,000 | -3,032,000 | -2,517,000 | -1,748,000 | -2,105,000 | -1,571,356 | -1,021,647 | -669,835 | -739,691 | -811,637 | -578,790 | -692,883 |
| Stock | |||||||||||||||
| Debtors | 15,418,000 | -12,530,000 | 62,002,000 | 9,763,000 | -1,698,000 | 24,203,000 | 3,001,000 | 5,394,279 | -9,427,904 | 4,126,873 | 3,716,052 | -581,694 | 385,370 | 1,442,575 | 6,729,449 |
| Creditors | 11,385,000 | 15,979,000 | 8,470,000 | -48,676,000 | 69,282,000 | 54,000 | 30,000 | -44,218 | -23,163,218 | 7,412,257 | 4,723,164 | 2,963,949 | -1,899,562 | 3,141,813 | 7,016,815 |
| Accruals and Deferred Income | 45,529,000 | 52,616,000 | 49,262,000 | 82,589,000 | -45,941,000 | 28,916,000 | 12,013,000 | 7,960,575 | 17,010,797 | 1,699,878 | 488,930 | 784,523 | -1,359,464 | 745,149 | 2,265,612 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 126,579,000 | 161,652,000 | 61,353,000 | 56,130,000 | 50,028,000 | 21,748,000 | 22,489,000 | 12,099,078 | 10,757,381 | 9,812,817 | 5,349,795 | 7,176,473 | -1,203,486 | 4,835,847 | 4,259,082 |
| Investing Activities | |||||||||||||||
| capital expenditure | -281,702 | -1,509,841 | -75,474 | -54,626 | -183,569 | -530,099 | -8,658 | ||||||||
| Change in Investments | 81,000 | -3 | 1 | 2 | |||||||||||
| cash flow from investments | -281,702 | -1,509,841 | -75,475 | -54,626 | -183,569 | -530,099 | -8,660 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 27,185,000 | -853,000 | 799,000 | 12,000 | -5,821,000 | 5,665,000 | 198,000 | -19,539 | -11,985 | 29,082 | 2,442 | ||||
| Other Short Term Loans | -1,953,000 | 1,719,007 | 233,993 | ||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -642,000 | -1,712,000 | -2,522,000 | -2,320,000 | 6,001,000 | 6,821,000 | |||||||||
| other long term liabilities | 495,000 | -1,100,000 | 3,911,000 | ||||||||||||
| share issue | |||||||||||||||
| interest | 6,325,000 | 82,000 | -346,000 | -116,000 | -239,000 | -238,000 | -3,000 | 1,089 | 1,079 | 1,089 | 1,757 | 6,307 | 4,545 | 5,150 | |
| cash flow from financing | 33,692,000 | -3,556,000 | 2,040,000 | -2,271,000 | -59,000 | 11,007,000 | -1,758,000 | 1,718,861 | 326,780 | 1,079 | 1,089 | -725,357 | -5,678 | -1,598,375 | -341,735 |
| cash and cash equivalents | |||||||||||||||
| cash | 63,772,000 | 87,424,000 | 44,398,000 | 26,747,000 | 19,933,000 | 12,375,000 | 12,843,000 | 4,992,667 | 8,537,133 | 2,774,055 | 2,750,411 | 6,367,657 | -1,392,733 | 2,707,373 | 3,885,437 |
| overdraft | |||||||||||||||
| change in cash | 63,772,000 | 87,424,000 | 44,398,000 | 26,747,000 | 19,933,000 | 12,375,000 | 12,843,000 | 4,992,667 | 8,537,133 | 2,774,055 | 2,750,411 | 6,367,657 | -1,392,733 | 2,707,373 | 3,885,437 |
cfc underwriting limited Credit Report and Business Information
Cfc Underwriting Limited Competitor Analysis
Perform a competitor analysis for cfc underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
cfc underwriting limited Ownership
CFC UNDERWRITING LIMITED group structure
Cfc Underwriting Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
CFC UNDERWRITING LIMITED
03302887
3 subsidiaries
cfc underwriting limited directors
Cfc Underwriting Limited currently has 6 directors. The longest serving directors include Mr Michael Grist (Feb 2010) and Mr Matthew Taylor (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Grist | 50 years | Feb 2010 | - | Director | |
| Mr Matthew Taylor | United Kingdom | 55 years | Apr 2016 | - | Director |
| Ms Louise O'Shea | United Kingdom | 45 years | Mar 2021 | - | Director |
| Mr Richard Ward | United Kingdom | 68 years | Mar 2022 | - | Director |
| Mr Oliver Corbett | United Kingdom | 60 years | Jul 2024 | - | Director |
| Mr Bryan Joseph | United Kingdom | 65 years | Jul 2024 | - | Director |
P&L
December 2023turnover
195.4m
+19%
operating profit
98m
+7%
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
91.1m
+0.03%
total assets
438.5m
+0.25%
cash
298.1m
+0.27%
net assets
Total assets minus all liabilities
cfc underwriting limited company details
company number
03302887
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
January 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
click for cover limited (October 2003)
esurance limited (March 2000)
See moreaccountant
-
auditor
DELOITTE LLP
address
85 gracechurch street, london, EC3V 0AA
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
cfc underwriting 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 cfc underwriting limited. Currently there are 0 open charges and 3 have been satisfied in the past.
cfc underwriting 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 CFC UNDERWRITING LIMITED. This can take several minutes, an email will notify you when this has completed.
cfc underwriting limited Companies House Filings - See Documents
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