omega underwriting agents limited
omega underwriting agents limited Company Information
Company Number
03437356
Next Accounts
Sep 2025
Shareholders
omega underwriting holdings ltd
Group Structure
View All
Industry
Non-life insurance
Registered Address
floor 29 22 bishopsgate, london, EC2N 4BQ
Website
http://canopius.comomega underwriting agents limited Estimated Valuation
Pomanda estimates the enterprise value of OMEGA UNDERWRITING AGENTS LIMITED at £0 based on a Turnover of £0 and 0.57x industry multiple (adjusted for size and gross margin).
omega underwriting agents limited Estimated Valuation
Pomanda estimates the enterprise value of OMEGA UNDERWRITING AGENTS LIMITED at £140.2k based on an EBITDA of £22.3k and a 6.3x industry multiple (adjusted for size and gross margin).
omega underwriting agents limited Estimated Valuation
Pomanda estimates the enterprise value of OMEGA UNDERWRITING AGENTS LIMITED at £667.4k based on Net Assets of £407.4k and 1.64x industry multiple (adjusted for liquidity).
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Omega Underwriting Agents Limited Overview
Omega Underwriting Agents Limited is a live company located in london, EC2N 4BQ with a Companies House number of 03437356. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 1997, it's largest shareholder is omega underwriting holdings ltd with a 100% stake. Omega Underwriting Agents Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Omega Underwriting Agents Limited Health Check
There is insufficient data available to calculate a health check for Omega Underwriting Agents Limited. Company Health Check FAQs
0 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (26)
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
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Debt Level
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
OMEGA UNDERWRITING AGENTS LIMITED financials
Omega Underwriting Agents Limited's latest turnover from December 2023 is 0 and the company has net assets of £407.4 thousand. According to their latest financial statements, we estimate that Omega Underwriting Agents Limited has 1 employee and maintains cash reserves of 0 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 | 2,811,995 | 1,488,544 | 13,533,820 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | -22,251 | -47,572 | -7,069 | -16,839 | -14,845 | ||||||||||
| Operating Profit | 22,251 | 47,572 | 7,069 | 16,839 | 14,845 | 1,452,890 | -14,394 | 13,057,684 | |||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 13,076 | 2,808 | 11,503 | ||||||||||||
| Pre-Tax Profit | 22,251 | 47,572 | 7,069 | 16,839 | 14,845 | 1,465,967 | -11,585 | 13,069,187 | |||||||
| Tax | -430,260 | 12,857 | -3,667,930 | ||||||||||||
| Profit After Tax | 22,251 | 47,572 | 7,069 | 16,839 | 14,845 | 1,035,707 | 1,272 | 9,401,257 | |||||||
| Dividends Paid | 4,961,573 | 6,457,682 | |||||||||||||
| Retained Profit | 22,251 | 47,572 | 7,069 | 16,839 | 14,845 | -3,925,866 | -6,456,410 | 9,401,257 | |||||||
| Employee Costs | 1,228,327 | 1,224,366 | 1,394,758 | ||||||||||||
| Number Of Employees | 4 | 4 | 6 | ||||||||||||
| EBITDA* | 22,251 | 47,572 | 7,069 | 16,839 | 14,845 | 1,558,144 | 85,751 | 13,135,875 |
* 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 | 243,814 | 325,392 | 586,995 | ||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 1 | ||||||||||||||
| Debtors (Due After 1 year) | 3,339,796 | 8,717,494 | |||||||||||||
| Total Fixed Assets | 243,815 | 3,665,189 | 9,304,489 | ||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 407,427 | 385,176 | 442,978 | 459,465 | 390,216 | 1,438,379 | 788,862 | 303,862 | |||||||
| Misc Debtors | 4,115,246 | 7,947,818 | 14,511,195 | ||||||||||||
| Cash | 9,837,814 | 3,885,701 | 1,258,047 | ||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 407,427 | 385,176 | 442,978 | 459,466 | 390,216 | 15,391,440 | 12,622,382 | 16,073,104 | |||||||
| total assets | 407,427 | 385,176 | 442,978 | 459,466 | 390,216 | 15,635,254 | 16,287,571 | 25,377,593 | |||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 11,475,653 | 8,092,003 | 1,555,432 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 718,429 | 843,444 | 2,221,305 | ||||||||||||
| total current liabilities | 12,194,083 | 8,935,448 | 3,776,737 | ||||||||||||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 622,803 | 607,888 | 903,565 | ||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 622,803 | 607,889 | 903,565 | ||||||||||||
| total liabilities | 12,816,886 | 9,543,337 | 4,680,302 | ||||||||||||
| net assets | 407,427 | 385,176 | 442,978 | 459,466 | 390,216 | 2,818,369 | 6,744,234 | 20,697,291 | |||||||
| total shareholders funds | 407,427 | 385,176 | 442,978 | 459,466 | 390,216 | 2,818,369 | 6,744,234 | 20,697,291 |
| 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 | 22,251 | 47,572 | 7,069 | 16,839 | 14,845 | 1,452,890 | -14,394 | 13,057,684 | |||||||
| Depreciation | 105,254 | 100,145 | 78,191 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | -430,260 | 12,857 | -3,667,930 | ||||||||||||
| Stock | |||||||||||||||
| Debtors | 22,251 | -57,802 | -16,487 | 69,249 | 390,216 | -5,553,625 | -6,522,852 | -11,456,074 | 23,532,551 | ||||||
| Creditors | |||||||||||||||
| Accruals and Deferred Income | -1,341,232 | -110,100 | -1,673,538 | 3,124,870 | |||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 105,374 | 23,556 | -52,410 | -375,371 | 7,540,636 | 9,881,144 | -10,939,736 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1 | 1 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -11,475,653 | 3,383,650 | 6,536,571 | 1,555,432 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 13,076 | 2,808 | 11,503 | ||||||||||||
| cash flow from financing | -105,374 | -23,557 | 52,411 | 375,371 | 3,396,726 | -957,268 | 12,862,969 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -9,837,814 | 5,952,113 | 2,627,654 | 1,258,047 | |||||||||||
| overdraft | |||||||||||||||
| change in cash | -9,837,814 | 5,952,113 | 2,627,654 | 1,258,047 |
omega underwriting agents limited Credit Report and Business Information
Omega Underwriting Agents Limited Competitor Analysis
Perform a competitor analysis for omega underwriting agents limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mature companies, companies in EC2N area or any other competitors across 12 key performance metrics.
omega underwriting agents limited Ownership
OMEGA UNDERWRITING AGENTS LIMITED group structure
Omega Underwriting Agents Limited has no subsidiary companies.
Ultimate parent company
CANOPIUS GROUP LTD
#0115158
2 parents
OMEGA UNDERWRITING AGENTS LIMITED
03437356
omega underwriting agents limited directors
Omega Underwriting Agents Limited currently has 3 directors. The longest serving directors include Mr Gavin Phillips (Jan 2022) and Mr Gavin Phillips (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Phillips | United Kingdom | 55 years | Jan 2022 | - | Director |
| Mr Gavin Phillips | United Kingdom | 55 years | Jan 2022 | - | Director |
| Mr Sheldon Lacy | United Kingdom | 48 years | Jul 2024 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
22.3k
-53%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
407.4k
+0.06%
total assets
407.4k
+0.06%
cash
0
0%
net assets
Total assets minus all liabilities
omega underwriting agents limited company details
company number
03437356
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
September 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
fossildrift limited (January 1998)
accountant
-
auditor
ERNST & YOUNG LLP
address
floor 29 22 bishopsgate, london, EC2N 4BQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
omega underwriting agents 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 did not find charges/mortgages relating to omega underwriting agents limited.
omega underwriting agents 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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omega underwriting agents limited Companies House Filings - See Documents
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