millstream underwriting ltd. Company Information
Company Number
03896220
Next Accounts
Sep 2025
Shareholders
mstream limited
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
52-56 leadenhall street, london, EC3A 2EB
millstream underwriting ltd. Estimated Valuation
Pomanda estimates the enterprise value of MILLSTREAM UNDERWRITING LTD. at £6.4m based on a Turnover of £6m and 1.06x industry multiple (adjusted for size and gross margin).
millstream underwriting ltd. Estimated Valuation
Pomanda estimates the enterprise value of MILLSTREAM UNDERWRITING LTD. at £5m based on an EBITDA of £846.3k and a 5.92x industry multiple (adjusted for size and gross margin).
millstream underwriting ltd. Estimated Valuation
Pomanda estimates the enterprise value of MILLSTREAM UNDERWRITING LTD. at £0 based on Net Assets of £-1.1m and 1.72x industry multiple (adjusted for liquidity).
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Millstream Underwriting Ltd. Overview
Millstream Underwriting Ltd. is a live company located in london, EC3A 2EB with a Companies House number of 03896220. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in December 1999, it's largest shareholder is mstream limited with a 100% stake. Millstream Underwriting Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £6m with high growth in recent years.
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Millstream Underwriting Ltd. Health Check
Pomanda's financial health check has awarded Millstream Underwriting Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs


5 Strong

3 Regular

2 Weak

Size
annual sales of £6m, make it larger than the average company (£3m)
£6m - Millstream Underwriting Ltd.
£3m - Industry AVG

Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.8%)
17% - Millstream Underwriting Ltd.
6.8% - Industry AVG

Production
with a gross margin of 100%, this company has a comparable cost of product (95%)
100% - Millstream Underwriting Ltd.
95% - Industry AVG

Profitability
an operating margin of 2.8% make it less profitable than the average company (19.6%)
2.8% - Millstream Underwriting Ltd.
19.6% - Industry AVG

Employees
with 19 employees, this is similar to the industry average (19)
19 - Millstream Underwriting Ltd.
19 - Industry AVG

Pay Structure
on an average salary of £52.4k, the company has an equivalent pay structure (£52.4k)
- Millstream Underwriting Ltd.
£52.4k - Industry AVG

Efficiency
resulting in sales per employee of £315.5k, this is more efficient (£126.4k)
£315.5k - Millstream Underwriting Ltd.
£126.4k - Industry AVG

Debtor Days
it gets paid by customers after 55 days, this is earlier than average (73 days)
55 days - Millstream Underwriting Ltd.
73 days - Industry AVG

Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Millstream Underwriting Ltd.
- - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Millstream Underwriting Ltd.
- - Industry AVG

Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (33 weeks)
44 weeks - Millstream Underwriting Ltd.
33 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 111.5%, this is a higher level of debt than the average (58.1%)
111.5% - Millstream Underwriting Ltd.
58.1% - Industry AVG
MILLSTREAM UNDERWRITING LTD. financials

Millstream Underwriting Ltd.'s latest turnover from December 2023 is £6 million and the company has net assets of -£1.1 million. According to their latest financial statements, Millstream Underwriting Ltd. has 19 employees and maintains cash reserves of £3.6 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 | 5,994,786 | 5,581,352 | 4,677,985 | 3,788,475 | 3,617,618 | 2,490,729 | 2,412,949 | 2,191,712 | 1,384,871 | 980,022 | |||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | 5,994,786 | 5,581,352 | 4,677,985 | 3,788,475 | 3,617,618 | 2,490,729 | 2,412,949 | 2,191,712 | 1,384,871 | 980,022 | |||||
Admin Expenses | 5,827,611 | 5,340,943 | 4,130,077 | 2,832,438 | 3,108,537 | 2,643,476 | 2,210,348 | 1,912,790 | 983,278 | 855,239 | |||||
Operating Profit | 167,175 | 240,409 | 547,908 | 956,037 | 509,081 | -152,747 | 202,601 | 278,922 | 401,593 | 124,783 | |||||
Interest Payable | 677,651 | 397,156 | 353,038 | 284,693 | |||||||||||
Interest Receivable | 57,978 | 585 | 11 | 139 | 6,900 | 7,020 | 1,315 | 1,564 | 1,016 | 3,355 | |||||
Pre-Tax Profit | 225,153 | -436,657 | 150,763 | 603,138 | 231,288 | -145,727 | 203,916 | 280,486 | 402,609 | 128,138 | |||||
Tax | 106,088 | -108,974 | 5,093 | -48,629 | -59,845 | -86,346 | -29,182 | ||||||||
Profit After Tax | 225,153 | -436,657 | 150,763 | 709,226 | 122,314 | -140,634 | 155,287 | 220,641 | 316,263 | 98,956 | |||||
Dividends Paid | 1,250,000 | 750,000 | 600,000 | 299,050 | |||||||||||
Retained Profit | -1,024,847 | -1,186,657 | 150,763 | 709,226 | 122,314 | -140,634 | -444,713 | 220,641 | 316,263 | -200,094 | |||||
Employee Costs | 639,244 | 548,076 | |||||||||||||
Number Of Employees | 19 | 19 | 18 | 12 | 12 | 14 | 12 | 12 | 9 | 9 | |||||
EBITDA* | 846,268 | 861,660 | 1,134,662 | 1,275,545 | 697,563 | -91,983 | 262,833 | 330,802 | 435,936 | 146,591 | 813 |
* 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 | 575 | 4,993 | 9,263 | 6,091 | 1,023 | 6,708 | 20,070 | 21,958 | 28,634 | 31,779 | 7,349 | 11,510 | |||
Intangible Assets | 3,116,692 | 3,397,708 | 3,693,406 | 3,284,959 | 1,241,882 | 91,717 | 59,276 | 25,738 | 29,120 | 31,907 | 6,959 | 30,641 | 17,579 | ||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 3,117,267 | 3,402,701 | 3,702,669 | 3,291,050 | 1,241,882 | 92,740 | 65,984 | 45,808 | 51,078 | 60,541 | 38,738 | 37,990 | 29,089 | ||
Stock & work in progress | |||||||||||||||
Trade Debtors | 914,477 | 971,104 | 994,804 | 338,153 | 1 | 1,529 | 98,568 | 114,002 | 96,426 | 63,823 | 590,318 | 578,343 | 297,015 | 1,295,269 | 208,878 |
Group Debtors | 1,077,143 | 1,092,588 | 414,848 | 344,562 | 105,099 | 262,989 | 495,998 | 769,275 | 358,267 | ||||||
Misc Debtors | 730,517 | 912,985 | 671,037 | 685,282 | 293,351 | 508,586 | 137,509 | 70,945 | 49,111 | 47,015 | |||||
Cash | 3,614,040 | 5,022,996 | 4,100,562 | 3,695,607 | 3,361,196 | 1,232,529 | 2,142,253 | 1,934,913 | 1,119,242 | 981,860 | 832,444 | 1,179,701 | 963,751 | 837,507 | 1,414,878 |
misc current assets | |||||||||||||||
total current assets | 6,336,177 | 7,999,673 | 6,181,251 | 5,063,604 | 3,759,647 | 1,742,644 | 2,641,319 | 2,615,858 | 2,034,054 | 1,450,965 | 1,422,762 | 1,758,044 | 1,260,766 | 2,132,776 | 1,623,756 |
total assets | 9,453,444 | 11,402,374 | 9,883,920 | 8,354,654 | 5,001,529 | 1,835,384 | 2,707,303 | 2,661,666 | 2,085,132 | 1,511,506 | 1,461,500 | 1,796,034 | 1,289,855 | 2,132,776 | 1,623,756 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 3,441,140 | 4,940,904 | 4,130,268 | 3,287,238 | 2,583,000 | 853,328 | 1,857,116 | 1,639,282 | 1,086,622 | 870,335 | 1,072,956 | 1,451,709 | 1,153,178 | 1,205,472 | 839,703 |
Group/Directors Accounts | 313,735 | 313,735 | 2,672,244 | 1,605,822 | 1,107,960 | 586,665 | 313,376 | 34,307 | 278,974 | 224,449 | |||||
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 433,944 | 312,254 | 293,021 | 215,786 | 462,414 | 271,453 | 262,239 | 268,792 | 220,892 | 138,926 | |||||
total current liabilities | 4,188,819 | 5,566,893 | 7,095,533 | 5,108,846 | 4,153,374 | 1,711,446 | 2,432,731 | 1,942,381 | 1,586,488 | 1,233,710 | 1,072,956 | 1,451,709 | 1,153,178 | 1,205,472 | 839,703 |
loans | 5,200,000 | 4,400,000 | 90,000 | ||||||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | 1,670,210 | 2,284,410 | |||||||||||||
other liabilities | |||||||||||||||
provisions | 1,149,140 | 1,495,149 | 599,695 | 10,000 | 10,000 | 10,000 | 15,415 | 16,069 | 11,157 | 13,146 | 10,000 | 10,000 | |||
total long term liabilities | 6,349,140 | 5,895,149 | 1,670,210 | 2,284,410 | 599,695 | 10,000 | 10,000 | 10,000 | 105,415 | 16,069 | 11,157 | 13,146 | 10,000 | 10,000 | |
total liabilities | 10,537,959 | 11,462,042 | 8,765,743 | 7,393,256 | 4,753,069 | 1,711,446 | 2,442,731 | 1,952,381 | 1,596,488 | 1,339,125 | 1,089,025 | 1,462,866 | 1,166,324 | 1,215,472 | 849,703 |
net assets | -1,084,515 | -59,668 | 1,118,177 | 961,398 | 248,460 | 123,938 | 264,572 | 709,285 | 488,644 | 172,381 | 372,475 | 333,168 | 123,531 | 917,304 | 774,053 |
total shareholders funds | -1,084,515 | -59,668 | 1,118,177 | 961,398 | 248,460 | 123,938 | 264,572 | 709,285 | 488,644 | 172,381 | 372,475 | 333,168 | 123,531 | 917,304 | 774,053 |
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 | 167,175 | 240,409 | 547,908 | 956,037 | 509,081 | -152,747 | 202,601 | 278,922 | 401,593 | 124,783 | |||||
Depreciation | 4,418 | 4,638 | 4,487 | 376 | 1,023 | 5,685 | 13,360 | 14,145 | 10,956 | 10,591 | 12,702 | 5,467 | 4,446 | 813 | |
Amortisation | 674,675 | 616,613 | 582,267 | 319,132 | 187,459 | 55,079 | 46,872 | 37,735 | 23,387 | 11,217 | 15,512 | 1,211 | |||
Tax | 106,088 | -108,974 | 5,093 | -48,629 | -59,845 | -86,346 | -29,182 | ||||||||
Stock | |||||||||||||||
Debtors | -254,540 | 895,988 | 712,692 | 969,546 | -111,664 | 11,049 | -181,879 | -233,867 | 445,707 | -121,213 | 11,975 | 281,328 | -998,254 | 1,086,391 | 208,878 |
Creditors | -1,499,764 | 810,636 | 843,030 | 704,238 | 1,729,672 | -1,003,788 | 217,834 | 552,660 | 216,287 | -202,621 | -378,753 | 298,531 | -52,294 | 365,769 | 839,703 |
Accruals and Deferred Income | 121,690 | -1,650,977 | -536,965 | 2,037,782 | 190,961 | 9,214 | -6,553 | 47,900 | 81,966 | 138,926 | |||||
Deferred Taxes & Provisions | -346,009 | 1,495,149 | -599,695 | 599,695 | -10,000 | -5,415 | -654 | 4,912 | -1,989 | 3,146 | 10,000 | ||||
Cash flow from operations | -623,275 | 620,480 | 728,035 | 2,554,412 | 3,220,581 | -1,102,513 | 607,364 | 1,105,384 | 196,721 | 174,273 | 641,638 | ||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | -2,358,509 | 1,066,422 | 497,862 | 521,295 | 273,289 | 279,069 | -244,667 | 54,525 | 224,449 | ||||||
Other Short Term Loans | |||||||||||||||
Long term loans | 800,000 | 4,400,000 | -90,000 | 90,000 | |||||||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | 57,978 | -677,066 | -397,145 | -352,899 | -277,793 | 7,020 | 1,315 | 1,564 | 1,016 | ||||||
cash flow from financing | 857,978 | 1,373,237 | 675,293 | 148,675 | 245,710 | 280,309 | 280,384 | -243,103 | -34,459 | 774,053 | |||||
cash and cash equivalents | |||||||||||||||
cash | -1,408,956 | 922,434 | 404,955 | 334,411 | 2,128,667 | -909,724 | 207,340 | 815,671 | 137,382 | 149,416 | -347,257 | 215,950 | 126,244 | -577,371 | 1,414,878 |
overdraft | |||||||||||||||
change in cash | -1,408,956 | 922,434 | 404,955 | 334,411 | 2,128,667 | -909,724 | 207,340 | 815,671 | 137,382 | 149,416 | -347,257 | 215,950 | 126,244 | -577,371 | 1,414,878 |
millstream underwriting ltd. Credit Report and Business Information
Millstream Underwriting Ltd. Competitor Analysis

Perform a competitor analysis for millstream underwriting ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3A area or any other competitors across 12 key performance metrics.
millstream underwriting ltd. Ownership
MILLSTREAM UNDERWRITING LTD. group structure
Millstream Underwriting Ltd. has no subsidiary companies.
Ultimate parent company
BROWN & BROWN INC
#0068417
2 parents
MILLSTREAM UNDERWRITING LTD.
03896220
millstream underwriting ltd. directors
Millstream Underwriting Ltd. currently has 3 directors. The longest serving directors include Mr Stuart Rouse (Dec 2015) and Mr Roberto Amati (Mar 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Stuart Rouse | United Kingdom | 53 years | Dec 2015 | - | Director |
Mr Roberto Amati | England | 43 years | Mar 2019 | - | Director |
Mr Richard Marriage | United Kingdom | 50 years | Jun 2023 | - | Director |
P&L
December 2023turnover
6m
+7%
operating profit
167.2k
-30%
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
-1.1m
+17.18%
total assets
9.5m
-0.17%
cash
3.6m
-0.28%
net assets
Total assets minus all liabilities
millstream underwriting ltd. company details
company number
03896220
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
December 1999
age
26
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
52-56 leadenhall street, london, EC3A 2EB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
millstream underwriting ltd. 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 6 charges/mortgages relating to millstream underwriting ltd.. Currently there are 0 open charges and 6 have been satisfied in the past.
millstream underwriting ltd. 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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millstream underwriting ltd. Companies House Filings - See Documents
date | description | view/download |
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