highway insurance company limited
highway insurance company limited Company Information
Company Number
03730662
Next Accounts
Sep 2025
Shareholders
highway insurance group ltd
Group Structure
View All
Industry
Non-life insurance
Registered Address
57 ladymead, guildford, surrey, GU1 1DB
Website
https://www.lv.comhighway insurance company limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHWAY INSURANCE COMPANY LIMITED at £4.9m based on a Turnover of £7.3m and 0.68x industry multiple (adjusted for size and gross margin).
highway insurance company limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHWAY INSURANCE COMPANY LIMITED at £0 based on an EBITDA of £-10.7m and a 7.45x industry multiple (adjusted for size and gross margin).
highway insurance company limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHWAY INSURANCE COMPANY LIMITED at £387.9m based on Net Assets of £236.8m and 1.64x industry multiple (adjusted for liquidity).
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Highway Insurance Company Limited Overview
Highway Insurance Company Limited is a live company located in surrey, GU1 1DB with a Companies House number of 03730662. It operates in the non-life insurance sector, SIC Code 65120. Founded in March 1999, it's largest shareholder is highway insurance group ltd with a 100% stake. Highway Insurance Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with declining growth in recent years.
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Highway Insurance Company Limited Health Check
Pomanda's financial health check has awarded Highway Insurance Company Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £7.3m, make it larger than the average company (£2.1m)
£7.3m - Highway Insurance Company Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -72%, show it is growing at a slower rate (8.6%)
-72% - Highway Insurance Company Limited
8.6% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Highway Insurance Company Limited
100% - Industry AVG
Profitability
an operating margin of -146.4% make it less profitable than the average company (17.5%)
-146.4% - Highway Insurance Company Limited
17.5% - Industry AVG
Employees
with 45 employees, this is above the industry average (26)
- Highway Insurance Company Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Highway Insurance Company Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £162.2k, this is equally as efficient (£163.8k)
- Highway Insurance Company Limited
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 8715 days, this is later than average (216 days)
8715 days - Highway Insurance Company Limited
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Highway Insurance Company Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Highway Insurance Company Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Highway Insurance Company Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.5%, this is a similar level of debt than the average (81.4%)
74.5% - Highway Insurance Company Limited
81.4% - Industry AVG
HIGHWAY INSURANCE COMPANY LIMITED financials
Highway Insurance Company Limited's latest turnover from December 2023 is £7.3 million and the company has net assets of £236.8 million. According to their latest financial statements, we estimate that Highway Insurance Company Limited has 45 employees and maintains cash reserves of £5.6 million 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 | 7,300,000 | 16,400,000 | 274,500,000 | 323,335,000 | 269,134,000 | 210,958,000 | 189,115,000 | 193,882,000 | 249,016,000 | 314,523,000 | 347,552,000 | 396,990,000 | 416,810,000 | 345,762,000 | 246,375,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | -500,000 | -354,000 | -359,000 | -360,000 | -362,000 | -353,000 | 319,000 | 389,000 | 414,000 | 484,000 | 496,000 | 465,000 | 580,000 | ||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -16,400,000 | -12,000,000 | -22,100,000 | -740,000 | -10,753,000 | 20,189,000 | 16,495,000 | -12,937,000 | 3,422,000 | 33,727,000 | 21,454,000 | 29,535,000 | 26,505,000 | 19,046,000 | -52,357,000 |
| Tax | 4,300,000 | 2,200,000 | 5,100,000 | 121,000 | 2,129,000 | -3,688,000 | -2,750,000 | -2,849,000 | -184,000 | -6,801,000 | -5,812,000 | -15,990,000 | |||
| Profit After Tax | -12,100,000 | -9,800,000 | -17,000,000 | -619,000 | -8,624,000 | 16,501,000 | 13,745,000 | -10,088,000 | 3,238,000 | 26,926,000 | 16,693,000 | 22,452,000 | 19,928,000 | 13,234,000 | -36,367,000 |
| Dividends Paid | 74,600,000 | ||||||||||||||
| Retained Profit | -12,100,000 | -9,800,000 | -17,000,000 | -1,564,000 | -6,603,000 | 3,693,000 | -47,418,000 | -14,050,000 | 3,238,000 | 26,926,000 | 16,693,000 | 22,452,000 | 19,928,000 | 13,234,000 | -36,367,000 |
| Employee Costs | 27,553,000 | 27,600,000 | |||||||||||||
| 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 | 12,600,000 | 20,200,000 | 46,000,000 | 34,775,000 | 30,428,000 | 30,025,000 | 108,000 | 32,060,000 | 26,601,000 | 24,782,000 | 25,110,000 | 27,232,000 | 32,923,000 | 38,422,000 | 32,292,000 |
| Intangible Assets | 1,800,000 | 2,400,000 | 3,000,000 | 750,000 | 850,000 | 950,000 | 1,000,000 | ||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 14,400,000 | 22,600,000 | 49,000,000 | 35,525,000 | 31,278,000 | 30,975,000 | 1,108,000 | 32,060,000 | 26,601,000 | 24,782,000 | 25,110,000 | 27,232,000 | 32,923,000 | 38,422,000 | 32,292,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 174,300,000 | 221,500,000 | 508,800,000 | 262,838,000 | 238,486,000 | 235,857,000 | 274,224,000 | 230,810,000 | 195,987,000 | 118,254,000 | 122,250,000 | 126,428,000 | 108,750,000 | 101,873,000 | 142,911,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 5,600,000 | 5,900,000 | 10,600,000 | 17,847,000 | 277,711,000 | 126,780,000 | 184,659,000 | 104,925,000 | 231,765,000 | 121,114,000 | 146,638,000 | 77,290,000 | 130,399,000 | 50,109,000 | 89,114,000 |
| misc current assets | 694,700,000 | 654,100,000 | 683,900,000 | 743,600,000 | 435,082,000 | 614,919,000 | 510,693,000 | 617,695,000 | 500,685,000 | 618,559,000 | 614,708,000 | 679,047,000 | 610,647,000 | 600,780,000 | 384,227,000 |
| total current assets | 914,400,000 | 937,100,000 | 1,216,200,000 | 1,033,824,000 | 962,094,000 | 986,643,000 | 1,006,274,000 | 962,014,000 | 936,689,000 | 867,698,000 | 892,658,000 | 896,331,000 | 851,735,000 | 758,831,000 | 636,689,000 |
| total assets | 928,800,000 | 959,700,000 | 1,265,200,000 | 1,069,349,000 | 993,372,000 | 1,017,618,000 | 1,007,382,000 | 994,074,000 | 963,290,000 | 892,480,000 | 917,768,000 | 923,563,000 | 884,658,000 | 797,253,000 | 668,981,000 |
| Bank overdraft | 15,000,000 | 15,500,000 | 10,100,000 | 10,741,000 | 10,770,000 | 12,689,000 | 17,643,000 | 9,547,000 | 9,563,000 | 13,204,000 | 9,733,000 | 10,023,000 | 10,405,000 | 10,768,000 | |
| Bank loan | |||||||||||||||
| Trade Creditors | 670,400,000 | 735,600,000 | 1,027,200,000 | 776,768,000 | 703,269,000 | 722,717,000 | 742,862,000 | 681,318,000 | 592,698,000 | 577,776,000 | 639,488,000 | 666,860,000 | 650,837,000 | 589,397,000 | 515,793,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 686,600,000 | 758,000,000 | 1,052,900,000 | 816,166,000 | 747,621,000 | 773,949,000 | 792,480,000 | 731,754,000 | 686,909,000 | 619,337,000 | 671,222,000 | 694,050,000 | 677,597,000 | 610,120,000 | 535,082,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 5,400,000 | 9,100,000 | 2,780,000 | 901,000 | 11,000 | 11,000 | 340,000 | ||||||||
| total liabilities | 692,000,000 | 767,100,000 | 1,052,900,000 | 818,946,000 | 748,522,000 | 773,949,000 | 792,480,000 | 731,754,000 | 686,920,000 | 619,348,000 | 671,562,000 | 694,050,000 | 677,597,000 | 610,120,000 | 535,082,000 |
| net assets | 236,800,000 | 192,600,000 | 212,300,000 | 250,403,000 | 244,850,000 | 243,669,000 | 214,902,000 | 262,320,000 | 276,370,000 | 273,132,000 | 246,206,000 | 229,513,000 | 207,061,000 | 187,133,000 | 133,899,000 |
| total shareholders funds | 236,800,000 | 192,600,000 | 212,300,000 | 250,403,000 | 244,850,000 | 243,669,000 | 214,902,000 | 262,320,000 | 276,370,000 | 273,132,000 | 246,206,000 | 229,513,000 | 207,061,000 | 187,133,000 | 133,899,000 |
| 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 | 4,300,000 | 2,200,000 | 5,100,000 | 121,000 | 2,129,000 | -3,688,000 | -2,750,000 | -2,849,000 | -184,000 | -6,801,000 | -5,812,000 | -15,990,000 | |||
| Stock | |||||||||||||||
| Debtors | -47,200,000 | -287,300,000 | 245,962,000 | 24,352,000 | 2,629,000 | -38,367,000 | 43,414,000 | 34,823,000 | 77,733,000 | -3,996,000 | -4,178,000 | 17,678,000 | 6,877,000 | -41,038,000 | 142,911,000 |
| Creditors | -65,200,000 | -291,600,000 | 250,432,000 | 73,499,000 | -19,448,000 | -20,145,000 | 61,544,000 | 88,620,000 | 14,922,000 | -61,712,000 | -27,372,000 | 16,023,000 | 61,440,000 | 73,604,000 | 515,793,000 |
| 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 | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -300,000 | -4,700,000 | -7,247,000 | -259,864,000 | 150,931,000 | -57,879,000 | 79,734,000 | -126,840,000 | 110,651,000 | -25,524,000 | 69,348,000 | -53,109,000 | 80,290,000 | -39,005,000 | 89,114,000 |
| overdraft | -500,000 | 5,400,000 | -641,000 | 10,741,000 | -10,770,000 | -1,919,000 | -4,954,000 | 8,096,000 | -16,000 | -3,641,000 | 3,471,000 | -290,000 | -382,000 | -363,000 | 10,768,000 |
| change in cash | 200,000 | -10,100,000 | -6,606,000 | -270,605,000 | 161,701,000 | -55,960,000 | 84,688,000 | -134,936,000 | 110,667,000 | -21,883,000 | 65,877,000 | -52,819,000 | 80,672,000 | -38,642,000 | 78,346,000 |
highway insurance company limited Credit Report and Business Information
Highway Insurance Company Limited Competitor Analysis
Perform a competitor analysis for highway insurance company limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in GU1 area or any other competitors across 12 key performance metrics.
highway insurance company limited Ownership
HIGHWAY INSURANCE COMPANY LIMITED group structure
Highway Insurance Company Limited has no subsidiary companies.
Ultimate parent company
ALLIANZ SOCIETAS EUROPAEA
#0127076
2 parents
HIGHWAY INSURANCE COMPANY LIMITED
03730662
highway insurance company limited directors
Highway Insurance Company Limited currently has 14 directors. The longest serving directors include Miss Denise Larnder (Jan 2020) and Mr David Torrance (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Denise Larnder | 64 years | Jan 2020 | - | Director | |
| Mr David Torrance | 71 years | Jan 2020 | - | Director | |
| Miss Denise Larnder | 64 years | Jan 2020 | - | Director | |
| Mr David Torrance | England | 71 years | Jan 2020 | - | Director |
| Mr Niranjan Peiris | 63 years | Jan 2020 | - | Director | |
| Mr Christopher Townsend | 56 years | Apr 2021 | - | Director | |
| Mr Paul Evans | United Kingdom | 60 years | May 2021 | - | Director |
| Mr Colm Holmes | 59 years | Feb 2022 | - | Director | |
| Mr Colm Holmes | 59 years | Feb 2022 | - | Director | |
| Dr Teresa Robson-Capps | England | 70 years | Apr 2022 | - | Director |
P&L
December 2023turnover
7.3m
-55%
operating profit
-10.7m
0%
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
236.8m
+0.23%
total assets
928.8m
-0.03%
cash
5.6m
-0.05%
net assets
Total assets minus all liabilities
highway insurance company limited company details
company number
03730662
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
March 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
twinarena limited (November 1999)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
57 ladymead, guildford, surrey, GU1 1DB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
highway insurance company 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 highway insurance company limited.
highway insurance company 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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highway insurance company limited Companies House Filings - See Documents
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