clear insurance management limited
clear insurance management limited Company Information
Company Number
03712209
Website
www.thecleargroup.comRegistered Address
1 great tower street, london, EC3R 5AA
Industry
Activities of insurance agents and brokers
Telephone
03300948740
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
clear group (holdings) limited 100%
clear insurance management limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAR INSURANCE MANAGEMENT LIMITED at £119.8m based on a Turnover of £41.3m and 2.9x industry multiple (adjusted for size and gross margin).
clear insurance management limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAR INSURANCE MANAGEMENT LIMITED at £58.6m based on an EBITDA of £5.4m and a 10.94x industry multiple (adjusted for size and gross margin).
clear insurance management limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAR INSURANCE MANAGEMENT LIMITED at £62m based on Net Assets of £22.1m and 2.81x industry multiple (adjusted for liquidity).
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Clear Insurance Management Limited Overview
Clear Insurance Management Limited is a live company located in london, EC3R 5AA with a Companies House number of 03712209. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in February 1999, it's largest shareholder is clear group (holdings) limited with a 100% stake. Clear Insurance Management Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.3m with high growth in recent years.
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Clear Insurance Management Limited Health Check
Pomanda's financial health check has awarded Clear Insurance Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £41.3m, make it larger than the average company (£3m)
£41.3m - Clear Insurance Management Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (6%)
29% - Clear Insurance Management Limited
6% - Industry AVG
Production
with a gross margin of 96.9%, this company has a comparable cost of product (96.9%)
96.9% - Clear Insurance Management Limited
96.9% - Industry AVG
Profitability
an operating margin of 11.6% make it less profitable than the average company (18.9%)
11.6% - Clear Insurance Management Limited
18.9% - Industry AVG
Employees
with 381 employees, this is above the industry average (19)
381 - Clear Insurance Management Limited
19 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has a higher pay structure (£49.1k)
£67.9k - Clear Insurance Management Limited
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £108.4k, this is equally as efficient (£115.9k)
£108.4k - Clear Insurance Management Limited
£115.9k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (70 days)
0 days - Clear Insurance Management Limited
70 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is quicker than average (110 days)
66 days - Clear Insurance Management Limited
110 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Clear Insurance Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (36 weeks)
15 weeks - Clear Insurance Management Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.5%, this is a lower level of debt than the average (59.6%)
36.5% - Clear Insurance Management Limited
59.6% - Industry AVG
CLEAR INSURANCE MANAGEMENT LIMITED financials
Clear Insurance Management Limited's latest turnover from October 2023 is £41.3 million and the company has net assets of £22.1 million. According to their latest financial statements, Clear Insurance Management Limited has 381 employees and maintains cash reserves of £3.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 41,283,000 | 34,656,000 | 25,824,000 | 19,339,000 | 18,246,000 | 17,157,000 | 13,997,024 | 12,680,633 | 10,229,673 | 9,027,954 | 8,558,809 | 7,262,891 | 6,132,616 | 5,350,060 | 4,712,760 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 4,805,000 | 6,073,000 | 3,433,000 | 1,965,000 | 1,931,000 | 522,000 | 2,213,648 | 1,958,795 | 1,488,821 | 1,460,869 | 1,570,344 | 1,151,880 | 1,470,357 | 2,039,247 | 1,519,179 |
| Interest Payable | 0 | 1,000 | 0 | 1,000 | 3,000 | 3,000 | 6,977 | 4,761 | 13 | 2,102 | 5,550 | 6,000 | 7,746 | 6,556 | 8,648 |
| Interest Receivable | 222,000 | 34,000 | 24,000 | 45,000 | 85,000 | 0 | 170 | 1,155 | 6,324 | 1,890 | 2,033 | 76,030 | 56,085 | 50,516 | 102,638 |
| Pre-Tax Profit | 5,027,000 | 6,106,000 | 3,457,000 | 2,009,000 | 2,013,000 | 566,000 | 2,252,637 | 2,001,651 | 1,555,796 | 1,516,845 | 1,630,902 | 1,148,510 | 1,468,413 | 2,083,207 | 1,613,169 |
| Tax | -11,000 | -154,000 | -470,000 | -380,000 | -150,000 | 434,000 | -351,675 | -346,351 | -183,797 | -191,441 | -196,829 | -141,114 | -385,072 | -163,794 | -136,134 |
| Profit After Tax | 5,016,000 | 5,952,000 | 2,987,000 | 1,629,000 | 1,863,000 | 1,000,000 | 1,900,962 | 1,655,300 | 1,371,999 | 1,325,404 | 1,434,073 | 1,007,396 | 1,083,341 | 1,919,413 | 1,477,035 |
| Dividends Paid | 0 | 0 | 0 | 0 | 1,000,000 | 1,900,000 | 0 | 2,000,000 | 0 | 1,400,000 | 0 | 600,000 | 0 | 1,800,000 | 1,300,000 |
| Retained Profit | 5,016,000 | 5,952,000 | 2,987,000 | 1,629,000 | 863,000 | -900,000 | 1,900,962 | -344,700 | 1,371,999 | -74,596 | 1,434,073 | 407,396 | 1,083,341 | 119,413 | 177,035 |
| Employee Costs | 25,886,000 | 21,237,000 | 16,711,000 | 12,481,000 | 11,293,000 | 11,865,000 | 8,395,072 | 7,561,585 | 6,183,081 | 5,183,811 | 5,000,428 | 4,333,768 | 3,296,138 | 2,439,280 | 2,021,921 |
| Number Of Employees | 381 | 299 | 249 | 186 | 166 | 160 | 136 | 129 | 107 | 93 | 86 | 77 | 61 | ||
| EBITDA* | 5,362,000 | 6,455,000 | 3,753,000 | 2,249,000 | 2,143,000 | 713,000 | 2,403,372 | 2,118,522 | 1,654,252 | 1,614,523 | 1,704,825 | 1,297,154 | 1,535,616 | 2,154,329 | 1,674,333 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,112,000 | 775,000 | 497,000 | 496,000 | 530,000 | 387,000 | 381,100 | 463,119 | 406,747 | 427,224 | 246,924 | 269,562 | 224,069 | 181,752 | 181,080 |
| Intangible Assets | 171,000 | 329,000 | 237,000 | 280,000 | 186,000 | 0 | 0 | 0 | 0 | 0 | 0 | 35,088 | 1,200 | 1,200 | 23,093 |
| Investments & Other | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 335,087 | 35,088 | 35,088 | 35,088 | 35,088 | 0 | 0 | 0 | 1,200 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,285,000 | 1,106,000 | 734,000 | 776,000 | 716,000 | 387,000 | 716,187 | 498,207 | 441,835 | 462,312 | 282,012 | 304,650 | 225,269 | 182,952 | 205,373 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 32,000 | 212,000 | 0 | 0 | 0 | 0 | 7,839,557 | 6,939,814 | 5,757,323 | 3,892,785 | 3,598,346 | 2,889,984 | 2,493,367 | 2,376,083 | 2,186,460 |
| Group Debtors | 20,712,000 | 20,003,000 | 19,252,000 | 21,241,000 | 19,572,000 | 15,400,000 | 8,891,096 | 6,292,062 | 6,588,532 | 4,113,348 | 4,742,706 | 3,178,187 | 2,527,445 | 966,420 | 787,769 |
| Misc Debtors | 9,056,000 | 6,337,000 | 4,452,000 | 2,884,000 | 2,762,000 | 2,626,000 | 847,020 | 574,007 | 274,254 | 373,519 | 395,491 | 176,653 | 187,273 | 104,352 | 146,613 |
| Cash | 3,672,000 | 1,885,000 | 2,965,000 | 5,738,000 | 2,757,000 | 3,443,000 | 8,356,462 | 7,699,572 | 4,714,219 | 5,192,583 | 5,285,932 | 3,611,222 | 2,976,724 | 2,618,758 | 2,631,780 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,472,000 | 28,437,000 | 26,669,000 | 29,863,000 | 25,091,000 | 21,469,000 | 25,934,135 | 21,505,455 | 17,334,328 | 13,572,235 | 14,022,475 | 9,856,046 | 8,184,809 | 6,065,613 | 5,752,622 |
| total assets | 34,757,000 | 29,543,000 | 27,403,000 | 30,639,000 | 25,807,000 | 21,856,000 | 26,650,322 | 22,003,662 | 17,776,163 | 14,034,547 | 14,304,487 | 10,160,696 | 8,410,078 | 6,248,565 | 5,957,995 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,605 | 109,861 | 0 | 0 | 2,729 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 233,000 | 1,104,000 | 326,000 | 325,000 | 321,000 | 190,000 | 14,218,866 | 288,217 | 169,019 | 162,249 | 114,652 | 5,326,930 | 4,428,237 | 3,626,661 | 4,136,849 |
| Group/Directors Accounts | 5,900,000 | 6,396,000 | 12,511,000 | 19,535,000 | 16,219,000 | 10,880,000 | 3,868,794 | 2,483,402 | 1,593,881 | 1,432,175 | 1,190,716 | 1,298,245 | 802,893 | 938,317 | 303,911 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,983 | 0 | 0 | 0 | 0 | 0 | 0 | 8,059 |
| other current liabilities | 6,384,000 | 4,847,000 | 3,383,000 | 2,587,000 | 2,735,000 | 5,171,000 | 1,621,203 | 14,152,117 | 10,489,264 | 8,405,816 | 8,909,390 | 874,263 | 912,313 | 543,149 | 488,151 |
| total current liabilities | 12,517,000 | 12,347,000 | 16,220,000 | 22,447,000 | 19,275,000 | 16,241,000 | 19,708,863 | 16,953,324 | 12,362,025 | 10,000,240 | 10,214,758 | 7,502,167 | 6,143,443 | 5,108,127 | 4,936,970 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| provisions | 178,000 | 150,000 | 89,000 | 85,000 | 54,000 | 0 | 22,546 | 32,387 | 51,487 | 43,655 | 24,481 | 27,354 | 42,856 | 0 | 0 |
| total long term liabilities | 178,000 | 150,000 | 89,000 | 85,000 | 54,000 | 0 | 22,546 | 32,387 | 51,487 | 43,655 | 24,481 | 27,354 | 42,856 | 0 | 0 |
| total liabilities | 12,695,000 | 12,497,000 | 16,309,000 | 22,532,000 | 19,329,000 | 16,241,000 | 19,731,409 | 16,985,711 | 12,413,512 | 10,043,895 | 10,239,239 | 7,529,521 | 6,186,299 | 5,108,127 | 4,936,970 |
| net assets | 22,062,000 | 17,046,000 | 11,094,000 | 8,107,000 | 6,478,000 | 5,615,000 | 6,918,913 | 5,017,951 | 5,362,651 | 3,990,652 | 4,065,248 | 2,631,175 | 2,223,779 | 1,140,438 | 1,021,025 |
| total shareholders funds | 22,062,000 | 17,046,000 | 11,094,000 | 8,107,000 | 6,478,000 | 5,615,000 | 6,918,913 | 5,017,951 | 5,362,651 | 3,990,652 | 4,065,248 | 2,631,175 | 2,223,779 | 1,140,438 | 1,021,025 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 4,805,000 | 6,073,000 | 3,433,000 | 1,965,000 | 1,931,000 | 522,000 | 2,213,648 | 1,958,795 | 1,488,821 | 1,460,869 | 1,570,344 | 1,151,880 | 1,470,357 | 2,039,247 | 1,519,179 |
| Depreciation | 406,000 | 256,000 | 221,000 | 196,000 | 176,000 | 191,000 | 189,724 | 159,727 | 165,431 | 153,654 | 134,481 | 145,274 | 65,259 | 91,989 | 55,061 |
| Amortisation | 151,000 | 126,000 | 99,000 | 88,000 | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,093 | 100,093 |
| Tax | -11,000 | -154,000 | -470,000 | -380,000 | -150,000 | 434,000 | -351,675 | -346,351 | -183,797 | -191,441 | -196,829 | -141,114 | -385,072 | -163,794 | -136,134 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,248,000 | 2,848,000 | -421,000 | 1,791,000 | 4,308,000 | 448,327 | 3,771,790 | 1,185,774 | 4,240,457 | -356,891 | 2,491,719 | 1,036,739 | 1,761,230 | 326,013 | 3,120,842 |
| Creditors | -871,000 | 778,000 | 1,000 | 4,000 | 131,000 | -14,028,866 | 13,930,649 | 119,198 | 6,770 | 47,597 | -5,212,278 | 898,693 | 801,576 | -510,188 | 4,136,849 |
| Accruals and Deferred Income | 1,537,000 | 1,464,000 | 796,000 | -148,000 | -2,436,000 | 3,549,797 | -12,530,914 | 3,662,853 | 2,083,448 | -503,574 | 8,035,127 | -38,050 | 369,164 | 54,998 | 488,151 |
| Deferred Taxes & Provisions | 28,000 | 61,000 | 4,000 | 31,000 | 54,000 | -22,546 | -9,841 | -19,100 | 7,832 | 19,174 | -2,873 | -15,502 | 42,856 | 0 | 0 |
| Cash flow from operations | 2,797,000 | 5,756,000 | 4,505,000 | -35,000 | -4,566,000 | -9,802,942 | -330,199 | 4,349,348 | -671,952 | 1,343,170 | 1,836,253 | 964,442 | 602,910 | 1,209,332 | 3,042,357 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 2,000 | 0 | 0 | 0 | -335,087 | 299,999 | 0 | 0 | 0 | 35,088 | 0 | 0 | -1,200 | 1,200 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -496,000 | -6,115,000 | -7,024,000 | 3,316,000 | 5,339,000 | 7,011,206 | 1,385,392 | 889,521 | 161,706 | 241,459 | -107,529 | 495,352 | -135,424 | 634,406 | 303,911 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | -23,983 | 23,983 | 0 | 0 | 0 | 0 | 0 | -8,059 | 8,059 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 222,000 | 33,000 | 24,000 | 44,000 | 82,000 | -3,000 | -6,807 | -3,606 | 6,311 | -212 | -3,517 | 70,030 | 48,339 | 43,960 | 93,990 |
| cash flow from financing | -274,000 | -6,082,000 | -7,000,000 | 3,360,000 | 5,421,000 | 6,604,293 | 1,354,602 | 909,898 | 168,017 | 241,247 | -111,046 | 565,382 | -87,085 | 670,307 | 1,249,950 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,787,000 | -1,080,000 | -2,773,000 | 2,981,000 | -686,000 | -4,913,462 | 656,890 | 2,985,353 | -478,364 | -93,349 | 1,674,710 | 634,498 | 357,966 | -13,022 | 2,631,780 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -5,605 | -104,256 | 109,861 | 0 | -2,729 | 2,729 | 0 | 0 | 0 |
| change in cash | 1,787,000 | -1,080,000 | -2,773,000 | 2,981,000 | -686,000 | -4,913,462 | 662,495 | 3,089,609 | -588,225 | -93,349 | 1,677,439 | 631,769 | 357,966 | -13,022 | 2,631,780 |
clear insurance management limited Credit Report and Business Information
Clear Insurance Management Limited Competitor Analysis
Perform a competitor analysis for clear insurance management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3R area or any other competitors across 12 key performance metrics.
clear insurance management limited Ownership
CLEAR INSURANCE MANAGEMENT LIMITED group structure
Clear Insurance Management Limited has no subsidiary companies.
Ultimate parent company
2 parents
CLEAR INSURANCE MANAGEMENT LIMITED
03712209
clear insurance management limited directors
Clear Insurance Management Limited currently has 5 directors. The longest serving directors include Mr Timothy Money (Oct 2020) and Mr Timothy Money (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Money | England | 57 years | Oct 2020 | - | Director |
| Mr Timothy Money | England | 57 years | Oct 2020 | - | Director |
| Mr Michael Edgeley | England | 58 years | Jun 2021 | - | Director |
| Mr Michael Edgeley | England | 58 years | Jun 2021 | - | Director |
| Mr Philip Williams | England | 41 years | Oct 2022 | - | Director |
P&L
October 2023turnover
41.3m
+19%
operating profit
4.8m
-21%
gross margin
96.9%
+3.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
22.1m
+0.29%
total assets
34.8m
+0.18%
cash
3.7m
+0.95%
net assets
Total assets minus all liabilities
clear insurance management limited company details
company number
03712209
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
February 1999
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
1 great tower street, london, EC3R 5AA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
clear insurance 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 17 charges/mortgages relating to clear insurance management limited. Currently there are 3 open charges and 14 have been satisfied in the past.
clear insurance management limited Companies House Filings - See Documents
| date | description | view/download |
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