hatch underwriting limited
hatch underwriting limited Company Information
Company Number
03644888
Next Accounts
Sep 2025
Shareholders
asg hatch holdings limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
5th floor 70 gracechurch street, london, EC3V 0XL
Website
-hatch underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of HATCH UNDERWRITING LIMITED at £1.7m based on a Turnover of £2.9m and 0.59x industry multiple (adjusted for size and gross margin).
hatch underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of HATCH UNDERWRITING LIMITED at £3.8m based on an EBITDA of £881.8k and a 4.3x industry multiple (adjusted for size and gross margin).
hatch underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of HATCH UNDERWRITING LIMITED at £2.8m based on Net Assets of £1.3m and 2.13x industry multiple (adjusted for liquidity).
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Hatch Underwriting Limited Overview
Hatch Underwriting Limited is a live company located in london, EC3V 0XL with a Companies House number of 03644888. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 1998, it's largest shareholder is asg hatch holdings limited with a 100% stake. Hatch Underwriting Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with healthy growth in recent years.
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Hatch Underwriting Limited Health Check
Pomanda's financial health check has awarded Hatch Underwriting Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£4.8m)
£2.9m - Hatch Underwriting Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.6%)
13% - Hatch Underwriting Limited
6.6% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)
38.3% - Hatch Underwriting Limited
38.3% - Industry AVG
Profitability
an operating margin of 30.1% make it more profitable than the average company (5.7%)
30.1% - Hatch Underwriting Limited
5.7% - Industry AVG
Employees
with 18 employees, this is below the industry average (27)
- Hatch Underwriting Limited
27 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Hatch Underwriting Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £163k, this is equally as efficient (£171.4k)
- Hatch Underwriting Limited
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 207 days, this is later than average (42 days)
207 days - Hatch Underwriting Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 139 days, this is slower than average (32 days)
139 days - Hatch Underwriting Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hatch Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (22 weeks)
5 weeks - Hatch Underwriting Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.2%, this is a higher level of debt than the average (62.5%)
87.2% - Hatch Underwriting Limited
62.5% - Industry AVG
HATCH UNDERWRITING LIMITED financials
Hatch Underwriting Limited's latest turnover from December 2023 is £2.9 million and the company has net assets of £1.3 million. According to their latest financial statements, we estimate that Hatch Underwriting Limited has 18 employees and maintains cash reserves of £188.3 thousand 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 | 2,933,212 | 2,612,457 | 2,043,401 | 2,019,389 | 1,854,458 | 1,399,660 | 1,109,747 | 991,600 | 976,907 | 1,038,855 | 1,087,764 | 1,215,001 | 1,323,047 | 1,394,614 | 1,610,419 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 803,097 | -326,474 | 236,695 | -775 | 55,410 | -164,877 | -97,666 | 97,488 | 159,617 | 159,705 | 204,808 | 136,116 | 5,381 | -56,201 | 251,073 |
| Tax | -199,614 | 95,418 | -40,594 | 2,649 | -528 | 28,155 | 14,797 | -18,129 | -29,774 | -28,532 | -36,534 | -23,364 | -919 | 18,042 | -74,851 |
| Profit After Tax | 603,483 | -231,056 | 196,101 | 1,874 | 54,882 | -136,722 | -82,869 | 79,359 | 129,843 | 131,173 | 168,274 | 112,752 | 4,462 | -38,159 | 176,222 |
| Dividends Paid | 220,000 | 205,000 | |||||||||||||
| Retained Profit | 603,483 | -231,056 | 196,101 | 1,874 | 54,882 | -136,722 | -82,869 | 79,359 | 129,843 | 131,173 | -51,726 | 112,752 | 4,462 | -243,159 | 176,222 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* 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 | 7,819,449 | 7,226,572 | 6,418,499 | 5,484,128 | 4,114,932 | 2,818,228 | 2,308,391 | 2,410,198 | 2,057,837 | 3,126,262 | 3,152,920 | 3,400,936 | 2,696,731 | 2,796,671 | 2,938,959 |
| Intangible Assets | 864 | 1,152 | 54,199 | 143,483 | 234,206 | 327,501 | 418,868 | 8,825 | 10,055 | 15,284 | 20,740 | ||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 7,820,313 | 7,227,724 | 6,472,698 | 5,627,611 | 4,349,138 | 3,145,729 | 2,727,259 | 2,419,023 | 2,067,892 | 3,141,546 | 3,173,660 | 3,400,936 | 2,696,731 | 2,796,671 | 2,938,959 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,663,714 | 1,714,723 | 1,349,548 | 1,309,995 | 988,546 | 921,475 | 662,820 | 327,167 | 263,790 | 284,815 | 598,671 | 598,932 | 658,297 | 634,680 | 763,753 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 188,256 | 245,600 | 175,365 | 202,009 | 212,778 | 1,036,905 | 725,694 | 601,294 | 740,115 | 645,955 | 575,346 | 714,147 | 655,895 | 571,204 | 649,900 |
| misc current assets | 32,640 | 26,265 | 18,398 | 23,993 | 22,030 | 20,836 | 8,474 | 6,111 | 5,431 | 8,195 | 5,927 | 5,522 | 13,050 | 11,440 | 11,624 |
| total current assets | 2,305,721 | 2,567,324 | 1,804,592 | 1,756,179 | 1,515,954 | 2,225,437 | 1,585,215 | 1,910,735 | 1,605,725 | 1,528,341 | 1,446,756 | 1,673,102 | 1,802,301 | 1,665,987 | 1,839,380 |
| total assets | 10,126,034 | 9,795,048 | 8,277,290 | 7,383,790 | 5,865,092 | 5,371,166 | 4,312,474 | 4,329,758 | 3,673,617 | 4,669,887 | 4,620,416 | 5,074,038 | 4,499,032 | 4,462,658 | 4,778,339 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 691,922 | 748,821 | 562,164 | 577,742 | 451,057 | 365,713 | 266,821 | 244,321 | 218,976 | 217,583 | 185,669 | 226,558 | 280,099 | 303,950 | 301,239 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 793,982 | 779,792 | 784,112 | 336,431 | 340,055 | 340,055 | 136,554 | 50 | 651 | 52 | |||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 1,927,896 | 1,940,123 | 1,755,278 | 1,283,281 | 926,175 | 928,438 | 659,184 | 582,843 | 476,409 | 1,409,544 | 1,370,312 | 1,507,885 | 574,766 | 598,397 | 663,029 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 6,903,466 | 7,157,653 | 5,590,485 | 5,367,332 | 4,210,818 | 3,775,204 | 2,843,241 | 2,853,088 | 2,394,059 | 2,593,207 | 2,729,888 | 2,994,211 | 3,465,076 | 3,409,533 | 3,417,423 |
| total liabilities | 8,831,362 | 9,097,776 | 7,345,763 | 6,650,613 | 5,136,993 | 4,703,642 | 3,502,425 | 3,435,931 | 2,870,468 | 4,002,751 | 4,100,200 | 4,502,096 | 4,039,842 | 4,007,930 | 4,080,452 |
| net assets | 1,294,672 | 697,272 | 931,527 | 733,177 | 728,099 | 667,524 | 810,049 | 893,827 | 803,149 | 667,136 | 520,216 | 571,942 | 459,190 | 454,728 | 697,887 |
| total shareholders funds | 1,294,672 | 697,272 | 931,527 | 733,177 | 728,099 | 667,524 | 810,049 | 893,827 | 803,149 | 667,136 | 520,216 | 571,942 | 459,190 | 454,728 | 697,887 |
| 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 | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -199,614 | 95,418 | -40,594 | 2,649 | -528 | 28,155 | 14,797 | -18,129 | -29,774 | -28,532 | -36,534 | -23,364 | -919 | 18,042 | -74,851 |
| Stock | |||||||||||||||
| Debtors | -51,009 | 365,175 | 39,553 | 321,449 | 67,071 | 258,655 | 335,653 | 63,377 | -21,025 | -313,856 | -261 | -59,365 | 23,617 | -129,073 | 763,753 |
| Creditors | -56,899 | 186,657 | -15,578 | 126,685 | 85,344 | 98,892 | 22,500 | 25,345 | 1,393 | 31,914 | -40,889 | -53,541 | -23,851 | 2,711 | 301,239 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | 14,190 | -4,320 | 447,681 | -3,624 | 203,501 | 136,554 | -50 | -601 | 651 | -52 | 52 | ||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -57,344 | 70,235 | -26,644 | -10,769 | -824,127 | 311,211 | 124,400 | -138,821 | 94,160 | 70,609 | -138,801 | 58,252 | 84,691 | -78,696 | 649,900 |
| overdraft | |||||||||||||||
| change in cash | -57,344 | 70,235 | -26,644 | -10,769 | -824,127 | 311,211 | 124,400 | -138,821 | 94,160 | 70,609 | -138,801 | 58,252 | 84,691 | -78,696 | 649,900 |
hatch underwriting limited Credit Report and Business Information
Hatch Underwriting Limited Competitor Analysis
Perform a competitor analysis for hatch underwriting limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EC3V area or any other competitors across 12 key performance metrics.
hatch underwriting limited Ownership
HATCH UNDERWRITING LIMITED group structure
Hatch Underwriting Limited has no subsidiary companies.
Ultimate parent company
1 parent
HATCH UNDERWRITING LIMITED
03644888
hatch underwriting limited directors
Hatch Underwriting Limited currently has 2 directors. The longest serving directors include Mr Samuel Moss (Jul 2015) and Mr Alexander Moss (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Samuel Moss | 90 years | Jul 2015 | - | Director | |
| Mr Alexander Moss | England | 88 years | Jul 2015 | - | Director |
P&L
December 2023turnover
2.9m
+12%
operating profit
881.8k
0%
gross margin
38.3%
-0.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.3m
+0.86%
total assets
10.1m
+0.03%
cash
188.3k
-0.23%
net assets
Total assets minus all liabilities
Similar Companies
hatch underwriting limited company details
company number
03644888
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
5th floor 70 gracechurch street, london, EC3V 0XL
Bank
-
Legal Advisor
-
hatch 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 239 charges/mortgages relating to hatch underwriting limited. Currently there are 236 open charges and 3 have been satisfied in the past.
hatch 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.
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hatch underwriting limited Companies House Filings - See Documents
| date | description | view/download |
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