romero insurance brokers limited
romero insurance brokers limited Company Information
Company Number
03362483
Next Accounts
Sep 2025
Industry
Activities of insurance agents and brokers
Shareholders
assured partners international ltd
Group Structure
View All
Contact
Registered Address
romero house, 8 airport west, lancaster way, leeds, west yorkshire, LS19 7ZA
Website
www.romeroinsurance.co.ukromero insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of ROMERO INSURANCE BROKERS LIMITED at £16.2m based on a Turnover of £11.5m and 1.41x industry multiple (adjusted for size and gross margin).
romero insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of ROMERO INSURANCE BROKERS LIMITED at £21.5m based on an EBITDA of £2.6m and a 8.42x industry multiple (adjusted for size and gross margin).
romero insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of ROMERO INSURANCE BROKERS LIMITED at £20m based on Net Assets of £10.9m and 1.83x industry multiple (adjusted for liquidity).
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Romero Insurance Brokers Limited Overview
Romero Insurance Brokers Limited is a live company located in leeds, LS19 7ZA with a Companies House number of 03362483. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in April 1997, it's largest shareholder is assured partners international ltd with a 100% stake. Romero Insurance Brokers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.5m with low growth in recent years.
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Romero Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Romero Insurance Brokers Limited 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
5 Regular
1 Weak
Size
annual sales of £16.9m, make it larger than the average company (£2.6m)
£16.9m - Romero Insurance Brokers Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.5%)
17% - Romero Insurance Brokers Limited
5.5% - Industry AVG
Production
with a gross margin of 96.9%, this company has a comparable cost of product (96.9%)
96.9% - Romero Insurance Brokers Limited
96.9% - Industry AVG
Profitability
an operating margin of 36.8% make it more profitable than the average company (19.1%)
36.8% - Romero Insurance Brokers Limited
19.1% - Industry AVG
Employees
with 156 employees, this is above the industry average (18)
156 - Romero Insurance Brokers Limited
18 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£48.8k)
£45.6k - Romero Insurance Brokers Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £108.2k, this is equally as efficient (£112.1k)
£108.2k - Romero Insurance Brokers Limited
£112.1k - Industry AVG
Debtor Days
it gets paid by customers after 236 days, this is later than average (74 days)
236 days - Romero Insurance Brokers Limited
74 days - Industry AVG
Creditor Days
its suppliers are paid after 9261 days, this is slower than average (163 days)
9261 days - Romero Insurance Brokers Limited
163 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Romero Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is average cash available to meet short term requirements (36 weeks)
39 weeks - Romero Insurance Brokers Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.5%, this is a similar level of debt than the average (60%)
64.5% - Romero Insurance Brokers Limited
60% - Industry AVG
ROMERO INSURANCE BROKERS LIMITED financials
Romero Insurance Brokers Limited's latest turnover from December 2023 is £11.5 million and the company has net assets of £10.9 million. According to their latest financial statements, Romero Insurance Brokers Limited has 155 employees and maintains cash reserves of £14.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,484,959 | 16,881,075 | 13,603,930 | 11,034,739 | 10,549,500 | 8,673,545 | 8,135,966 | 7,811,112 | 7,151,015 | 6,428,618 | 5,382,313 | 4,559,451 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 321,524 | 515,864 | 356,147 | 307,558 | 244,635 | 214,514 | 281,382 | 338,115 | 261,430 | 248,716 | 27,618 | 101,576 | |||
| Gross Profit | 11,163,435 | 16,365,211 | 13,247,783 | 10,727,181 | 10,304,865 | 8,459,031 | 7,854,584 | 7,472,997 | 6,889,585 | 6,179,902 | 5,354,695 | 4,457,875 | |||
| Admin Expenses | 8,799,707 | 10,145,722 | 8,504,945 | 7,042,599 | 7,805,927 | 6,706,923 | 6,102,716 | 6,000,002 | 5,462,820 | 5,568,478 | 4,891,434 | 4,085,366 | |||
| Operating Profit | 2,363,728 | 6,219,489 | 4,742,838 | 3,684,582 | 2,498,938 | 1,752,108 | 1,751,868 | 1,472,995 | 1,426,765 | 611,424 | 463,261 | 372,509 | |||
| Interest Payable | 0 | 264 | 1,315 | 3,592 | 15,964 | 13,301 | 16,148 | 19,898 | 15,921 | 24,808 | 28,223 | 21,345 | |||
| Interest Receivable | 200,137 | 91,657 | 7,604 | 7,596 | 20,059 | 10,564 | 3,200 | 8,961 | 11,442 | 11,605 | 12,982 | 12,498 | |||
| Pre-Tax Profit | 2,563,865 | 6,310,882 | 4,749,127 | 3,688,586 | 2,503,033 | 1,749,371 | 1,738,920 | 1,462,058 | 1,422,286 | 598,221 | 448,020 | 363,662 | |||
| Tax | 358,956 | -1,273,288 | -912,985 | -719,797 | -508,056 | -362,042 | -329,193 | -284,635 | -308,468 | -123,126 | -142,055 | -99,128 | |||
| Profit After Tax | 2,922,821 | 5,037,594 | 3,836,142 | 2,968,789 | 1,994,977 | 1,387,329 | 1,409,727 | 1,177,423 | 1,113,818 | 475,095 | 305,965 | 264,534 | |||
| Dividends Paid | 595,970 | 1,645,697 | 1,623,669 | 1,401,284 | 1,200,980 | 1,053,364 | 915,104 | 1,040,926 | 1,131,047 | 465,361 | 299,498 | 242,248 | |||
| Retained Profit | 2,326,851 | 3,391,897 | 2,212,473 | 1,567,505 | 793,997 | 333,965 | 494,623 | 136,497 | -17,229 | 9,734 | 6,467 | 22,286 | |||
| Employee Costs | 6,307,551 | 7,115,646 | 6,067,291 | 5,361,245 | 5,415,397 | 4,637,261 | 4,304,169 | 4,340,546 | 3,899,704 | 4,073,427 | 3,331,835 | 2,963,359 | |||
| Number Of Employees | 155 | 156 | 131 | 125 | 124 | 103 | 102 | 101 | 93 | 85 | 72 | 60 | |||
| EBITDA* | 2,555,875 | 6,449,705 | 4,931,162 | 3,824,026 | 2,617,173 | 1,906,755 | 1,905,950 | 1,630,571 | 1,585,581 | 844,222 | 719,969 | 510,745 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 521,460 | 656,946 | 551,939 | 512,778 | 387,952 | 332,478 | 311,525 | 405,486 | 524,656 | 466,100 | 541,101 | 465,357 | 394,189 | 266,306 | 283,514 |
| Intangible Assets | 394,619 | 422,619 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,741 | 78,277 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 916,079 | 1,079,565 | 551,939 | 512,778 | 387,952 | 332,478 | 311,525 | 405,486 | 524,656 | 466,100 | 566,842 | 543,634 | 394,189 | 266,306 | 290,514 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,035,344 | 10,918,760 | 8,598,885 | 5,721,057 | 5,828,318 | 5,002,416 | 6,476,845 | 5,194,403 | 4,314,913 | 3,687,909 | 3,139,743 | 2,128,259 | 2,701,640 | 1,919,341 | 1,797,038 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,258,044 | 378,983 | 181,181 | 203,140 | 132,274 | 175,246 | 106,312 | 94,430 | 68,062 | 65,607 | 73,524 | 77,644 | 0 | 49 | 0 |
| Cash | 14,083,902 | 11,654,018 | 8,549,441 | 9,416,206 | 6,799,680 | 5,204,026 | 3,634,979 | 3,154,550 | 3,349,399 | 2,562,513 | 1,887,227 | 2,386,523 | 117,288 | 1,032,419 | 1,064,810 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,377,290 | 22,951,761 | 17,329,507 | 15,340,403 | 12,760,272 | 10,381,688 | 10,218,136 | 8,443,383 | 7,732,374 | 6,316,029 | 5,100,494 | 4,592,426 | 2,818,928 | 2,951,809 | 2,861,848 |
| total assets | 24,293,369 | 24,031,326 | 17,881,446 | 15,853,181 | 13,148,224 | 10,714,166 | 10,529,661 | 8,848,869 | 8,257,030 | 6,782,129 | 5,667,336 | 5,136,060 | 3,213,117 | 3,218,115 | 3,152,362 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114,992 | 0 | 10,820 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14,880 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,908,783 | 13,089,639 | 10,359,808 | 10,627,371 | 9,972,204 | 8,342,926 | 8,211,626 | 6,756,179 | 6,326,760 | 5,261,166 | 4,137,138 | 3,949,219 | 2,716,049 | 3,010,474 | 2,902,704 |
| Group/Directors Accounts | 437 | 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 | 10,504 | 33,406 | 37,515 | 21,571 | 66,176 | 94,245 | 106,550 | 106,625 | 166,524 | 157,018 | 0 | 0 | 0 |
| other current liabilities | 2,462,708 | 2,358,896 | 2,324,332 | 1,908,073 | 1,229,603 | 1,127,456 | 1,193,505 | 1,363,416 | 1,226,372 | 765,700 | 835,191 | 483,779 | 0 | 0 | 0 |
| total current liabilities | 13,371,928 | 15,448,535 | 12,694,644 | 12,568,850 | 11,239,322 | 9,491,953 | 9,471,307 | 8,213,840 | 7,659,682 | 6,263,363 | 5,138,853 | 4,600,836 | 2,716,049 | 3,010,474 | 2,902,704 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 10,503 | 43,908 | 41,199 | 34,300 | 100,554 | 192,658 | 85,989 | 114,969 | 146,836 | 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 | 133,828 | 42,282 | 72,688 |
| provisions | 0 | 52,000 | 47,933 | 38,382 | 32,677 | 6,145 | 13,169 | 18,213 | 24,925 | 35,783 | 26,254 | 7,595 | 4,733 | 0 | 0 |
| total long term liabilities | 0 | 52,000 | 47,933 | 48,885 | 76,585 | 47,344 | 47,469 | 118,767 | 217,583 | 121,772 | 141,223 | 154,431 | 138,561 | 42,282 | 72,688 |
| total liabilities | 13,371,928 | 15,500,535 | 12,742,577 | 12,617,735 | 11,315,907 | 9,539,297 | 9,518,776 | 8,332,607 | 7,877,265 | 6,385,135 | 5,280,076 | 4,755,267 | 2,854,610 | 3,052,756 | 2,975,392 |
| net assets | 10,921,441 | 8,530,791 | 5,138,869 | 3,235,446 | 1,832,317 | 1,174,869 | 1,010,885 | 516,262 | 379,765 | 396,994 | 387,260 | 380,793 | 358,507 | 165,359 | 176,970 |
| total shareholders funds | 10,921,441 | 8,530,791 | 5,138,869 | 3,235,446 | 1,832,317 | 1,174,869 | 1,010,885 | 516,262 | 379,765 | 396,994 | 387,260 | 380,793 | 358,507 | 165,359 | 176,970 |
| Dec 2023 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,363,728 | 6,219,489 | 4,742,838 | 3,684,582 | 2,498,938 | 1,752,108 | 1,751,868 | 1,472,995 | 1,426,765 | 611,424 | 463,261 | 372,509 | |||
| Depreciation | 164,147 | 212,716 | 188,324 | 139,444 | 118,235 | 154,647 | 154,082 | 157,576 | 158,816 | 200,057 | 204,172 | 136,553 | 115,940 | 79,801 | 90,497 |
| Amortisation | 28,000 | 17,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,741 | 52,536 | 1,683 | 140,266 | 0 | 0 |
| Tax | 358,956 | -1,273,288 | -912,985 | -719,797 | -508,056 | -362,042 | -329,193 | -284,635 | -308,468 | -123,126 | -142,055 | -99,128 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 513,322 | 2,517,677 | 2,855,869 | -36,395 | 782,930 | -1,405,495 | 1,294,324 | 905,858 | 629,459 | 540,249 | 1,007,364 | -495,737 | 782,250 | 122,352 | 1,797,038 |
| Creditors | 548,975 | 2,729,831 | -267,563 | 655,167 | 1,629,278 | 131,300 | 1,455,447 | 429,419 | 1,065,594 | 1,124,028 | 187,919 | 1,233,170 | -294,425 | 107,770 | 2,902,704 |
| Accruals and Deferred Income | 138,376 | 34,564 | 416,259 | 678,470 | 102,147 | -66,049 | -169,911 | 137,044 | 460,672 | -69,491 | 351,412 | 483,779 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -47,933 | 4,067 | 9,551 | 5,705 | 26,532 | -7,024 | -5,044 | -6,712 | -10,858 | 9,529 | 18,659 | 2,862 | 4,733 | 0 | 0 |
| Cash flow from operations | 3,040,927 | 5,427,202 | 1,320,555 | 4,479,966 | 3,084,144 | 3,008,435 | 1,562,925 | 999,829 | 2,163,062 | 1,244,913 | 128,540 | 2,627,165 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -59,494 | -46,657 | -346,351 | 0 | -68,269 | 7,472 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | 7,000 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | -59,494 | -46,657 | -346,351 | 0 | -68,269 | 7,472 | |||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14,880 | 14,880 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 437 | 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 | -10,504 | -10,504 | -33,405 | -37,514 | 18,653 | -37,706 | -94,323 | -104,409 | 106,594 | -88,879 | -22,361 | 303,854 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -133,828 | 91,546 | -30,406 | 72,688 |
| share issue | |||||||||||||||
| interest | 200,137 | 91,393 | 6,289 | 4,004 | 4,095 | -2,737 | -12,948 | -10,937 | -4,479 | -13,203 | -15,241 | -8,847 | |||
| cash flow from financing | 3,645,791 | 80,914 | -336,166 | -197,886 | -113,801 | -210,424 | -107,271 | -115,346 | 87,235 | -87,202 | -37,602 | 161,179 | |||
| cash and cash equivalents | |||||||||||||||
| cash | 5,534,461 | 3,104,577 | -866,765 | 2,616,526 | 1,595,654 | 1,569,047 | 480,429 | -194,849 | 786,886 | 675,286 | -499,296 | 2,269,235 | -915,131 | -32,391 | 1,064,810 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -114,992 | 114,992 | -10,820 | 10,820 | 0 | 0 | 0 |
| change in cash | 5,534,461 | 3,104,577 | -866,765 | 2,616,526 | 1,595,654 | 1,569,047 | 480,429 | -194,849 | 901,878 | 560,294 | -488,476 | 2,258,415 | -915,131 | -32,391 | 1,064,810 |
romero insurance brokers limited Credit Report and Business Information
Romero Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for romero insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in LS19 area or any other competitors across 12 key performance metrics.
romero insurance brokers limited Ownership
ROMERO INSURANCE BROKERS LIMITED group structure
Romero Insurance Brokers Limited has 1 subsidiary company.
Ultimate parent company
ASSUREDPARTNERS INC
#0034726
2 parents
ROMERO INSURANCE BROKERS LIMITED
03362483
1 subsidiary
romero insurance brokers limited directors
Romero Insurance Brokers Limited currently has 5 directors. The longest serving directors include Mr Justin Romero-Trigo (Apr 1997) and Ms Victoria Romero Trigo (Feb 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Justin Romero-Trigo | England | 54 years | Apr 1997 | - | Director |
| Ms Victoria Romero Trigo | 45 years | Feb 2006 | - | Director | |
| Mr Simon Mabb | England | 48 years | Jul 2008 | - | Director |
| Mr David Heathfield | United Kingdom | 46 years | Dec 2023 | - | Director |
| Mr Stuart Quilter | England | 47 years | Dec 2023 | - | Director |
P&L
December 2023turnover
11.5m
-16%
operating profit
2.4m
-50%
gross margin
97.3%
-0.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.9m
+1.13%
total assets
24.3m
+0.36%
cash
14.1m
+0.65%
net assets
Total assets minus all liabilities
romero insurance brokers limited company details
company number
03362483
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
April 1997
age
27
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
romero insurance services limited (May 2000)
accountant
-
auditor
BUCKLE BARTON LIMITED
address
romero house, 8 airport west, lancaster way, leeds, west yorkshire, LS19 7ZA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
romero insurance brokers 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 romero insurance brokers limited. Currently there are 0 open charges and 1 have been satisfied in the past.
romero insurance brokers 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.
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romero insurance brokers limited Companies House Filings - See Documents
| date | description | view/download |
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