map equity limited
map equity limited Company Information
Company Number
03985522
Website
www.mapunderwriting.comRegistered Address
fitzwilliam house, 10 st mary axe, london, EC3A 8EN
Industry
Non-life insurance
Telephone
02077093861
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
bwci trust company ltd a/c 4046 36.4%
richard kevin trubshaw 13.2%
View Allmap equity limited Estimated Valuation
Pomanda estimates the enterprise value of MAP EQUITY LIMITED at £11.2m based on a Turnover of £14.3m and 0.79x industry multiple (adjusted for size and gross margin).
map equity limited Estimated Valuation
Pomanda estimates the enterprise value of MAP EQUITY LIMITED at £29.4m based on an EBITDA of £2.5m and a 11.58x industry multiple (adjusted for size and gross margin).
map equity limited Estimated Valuation
Pomanda estimates the enterprise value of MAP EQUITY LIMITED at £0 based on Net Assets of £-7.1m and 1.48x industry multiple (adjusted for liquidity).
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Map Equity Limited Overview
Map Equity Limited is a live company located in london, EC3A 8EN with a Companies House number of 03985522. It operates in the non-life insurance sector, SIC Code 65120. Founded in May 2000, it's largest shareholder is bwci trust company ltd a/c 4046 with a 36.4% stake. Map Equity Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.3m with high growth in recent years.
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Map Equity Limited Health Check
Pomanda's financial health check has awarded Map Equity Limited 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
2 Regular
2 Weak
Size
annual sales of £14.3m, make it larger than the average company (£2m)
£14.3m - Map Equity Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.8%)
17% - Map Equity Limited
8.8% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (99.4%)
100% - Map Equity Limited
99.4% - Industry AVG
Profitability
an operating margin of 17.6% make it as profitable than the average company (17.8%)
17.6% - Map Equity Limited
17.8% - Industry AVG
Employees
with 56 employees, this is above the industry average (34)
56 - Map Equity Limited
34 - Industry AVG
Pay Structure
on an average salary of £240.8k, the company has a higher pay structure (£64.6k)
£240.8k - Map Equity Limited
£64.6k - Industry AVG
Efficiency
resulting in sales per employee of £254.5k, this is more efficient (£165.6k)
£254.5k - Map Equity Limited
£165.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Map Equity Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Map Equity Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Map Equity Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 146 weeks, this is more cash available to meet short term requirements (16 weeks)
146 weeks - Map Equity Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.5%, this is a higher level of debt than the average (82.7%)
114.5% - Map Equity Limited
82.7% - Industry AVG
MAP EQUITY LIMITED financials
Map Equity Limited's latest turnover from December 2023 is £14.3 million and the company has net assets of -£7.1 million. According to their latest financial statements, Map Equity Limited has 56 employees and maintains cash reserves of £17.2 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 | 14,252,000 | 4,821,000 | 9,158,000 | 8,889,000 | 6,748,000 | 8,950,000 | 13,121,000 | 17,804,000 | 18,871,000 | 19,541,000 | 21,672,000 | 26,737,000 | 32,930,000 | 27,284,000 | 24,355,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Gross Profit | 14,252,000 | 4,821,000 | 9,158,000 | 8,889,000 | 6,748,000 | 8,950,000 | 13,121,000 | 17,804,000 | 18,871,000 | 19,541,000 | |||||
| Admin Expenses | 11,742,000 | 6,241,000 | 4,121,000 | 4,546,000 | 3,630,000 | 4,523,000 | 8,326,000 | 6,619,000 | 8,118,000 | 9,088,000 | |||||
| Operating Profit | 2,510,000 | -1,420,000 | 5,037,000 | 4,343,000 | 3,118,000 | 4,427,000 | 4,795,000 | 11,185,000 | 10,753,000 | 10,453,000 | 12,894,000 | 14,661,000 | 20,401,000 | 12,796,000 | 9,183,000 |
| Interest Payable | 1,000 | 1,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 6,000 | 0 | 0 | 0 | 18,000 |
| Interest Receivable | 479,000 | 60,000 | 1,000 | 25,000 | 129,000 | 62,000 | 24,000 | 28,000 | 25,000 | 22,000 | 19,000 | 16,000 | 12,000 | 16,000 | 25,000 |
| Pre-Tax Profit | 2,988,000 | -1,361,000 | 5,033,000 | 4,368,000 | 3,247,000 | 4,489,000 | 4,819,000 | 11,212,000 | 10,777,000 | 10,475,000 | 12,907,000 | 14,677,000 | 20,413,000 | 12,812,000 | 9,190,000 |
| Tax | -1,668,000 | -658,000 | -979,000 | -866,000 | -652,000 | -810,000 | -959,000 | -2,141,000 | -2,190,000 | -2,527,000 | -2,949,000 | -3,650,000 | -5,477,000 | -3,678,000 | -2,743,000 |
| Profit After Tax | 1,320,000 | -2,019,000 | 4,054,000 | 3,502,000 | 2,595,000 | 3,679,000 | 3,860,000 | 9,071,000 | 8,587,000 | 7,948,000 | 9,958,000 | 11,027,000 | 14,936,000 | 9,134,000 | 6,447,000 |
| Dividends Paid | 502,000 | 2,386,000 | 891,000 | 1,323,000 | 2,856,000 | 3,786,000 | 5,717,000 | 7,065,000 | 5,974,000 | 6,191,000 | 8,786,000 | 11,492,000 | 4,540,000 | 8,904,000 | 13,220,000 |
| Retained Profit | 221,000 | -4,551,000 | 2,822,000 | 1,891,000 | -527,000 | -367,000 | -2,158,000 | 1,212,000 | 1,609,000 | 1,030,000 | 291,000 | -1,364,000 | 9,034,000 | -662,000 | -7,432,000 |
| Employee Costs | 13,483,000 | 8,310,000 | 9,416,000 | 10,064,000 | 8,609,000 | 9,020,000 | 11,079,000 | 13,046,000 | 13,798,000 | 14,266,000 | 13,699,000 | 15,078,000 | 16,492,000 | 16,809,000 | 16,896,000 |
| Number Of Employees | 56 | 52 | 50 | 50 | 48 | 48 | 49 | 50 | 48 | 48 | 49 | 47 | 46 | 46 | 45 |
| EBITDA* | 2,541,000 | -1,367,000 | 5,169,000 | 4,523,000 | 3,347,000 | 4,614,000 | 4,901,000 | 11,316,000 | 10,914,000 | 10,606,000 | 13,065,000 | 14,889,000 | 20,602,000 | 12,996,000 | 292,210,000 |
* 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 | 9,000 | 36,000 | 80,000 | 153,000 | 230,000 | 340,000 | 357,000 | 227,000 | 335,000 | 177,000 | 137,000 | 142,000 | 211,000 | 225,000 | 212,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,834,000 | 1,401,000 | 1,401,000 | 4,024,000 | 729,000 | 289,000 | 0 | 3,878,000 | 4,329,000 | 6,800,000 | 5,198,000 | 5,270,000 | 6,825,000 | 12,421,000 | 1,904,000 |
| Total Fixed Assets | 2,843,000 | 1,437,000 | 1,481,000 | 4,177,000 | 959,000 | 629,000 | 357,000 | 4,105,000 | 4,664,000 | 6,977,000 | 5,335,000 | 5,412,000 | 7,036,000 | 12,646,000 | 2,116,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,510,000 | 2,140,000 | 9,640,000 | 3,836,000 | 4,230,000 | 9,177,000 | 15,331,000 | 17,699,000 | 20,607,000 | 16,944,000 | 18,585,000 | 25,346,000 | 37,599,000 | 15,353,000 | 30,274,000 |
| Cash | 17,236,000 | 18,713,000 | 15,819,000 | 16,105,000 | 17,006,000 | 14,683,000 | 13,175,000 | 15,519,000 | 12,929,000 | 11,730,000 | 10,402,000 | 8,803,000 | 5,133,000 | 5,715,000 | 4,033,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,746,000 | 20,853,000 | 25,459,000 | 19,941,000 | 21,236,000 | 23,860,000 | 28,506,000 | 33,218,000 | 33,536,000 | 28,674,000 | 28,987,000 | 34,149,000 | 42,732,000 | 21,068,000 | 34,307,000 |
| total assets | 30,589,000 | 22,290,000 | 26,940,000 | 24,118,000 | 22,195,000 | 24,489,000 | 28,863,000 | 37,323,000 | 38,200,000 | 35,651,000 | 34,322,000 | 39,561,000 | 49,768,000 | 33,714,000 | 36,423,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 95,000 | 0 | 6,000 | 54,000 | 2,000 | 5,000 | 92,000 | 28,000 | 0 | 52,000 | 12,000 | 0 | 144,000 | 4,000 | 2,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,335,000 | 2,405,000 | 1,186,000 | 2,785,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,041,000 | 2,100,000 | 6,390,000 | 3,534,000 | 2,987,000 | 4,715,000 | 5,972,000 | 8,344,000 | 9,946,000 | 7,967,000 | 8,365,000 | 12,106,000 | 16,871,000 | 7,483,000 | 12,018,000 |
| total current liabilities | 6,136,000 | 2,100,000 | 6,396,000 | 3,588,000 | 2,989,000 | 4,720,000 | 6,064,000 | 8,372,000 | 9,946,000 | 8,019,000 | 8,377,000 | 13,441,000 | 19,420,000 | 8,673,000 | 14,805,000 |
| 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 | 1,013,000 | 902,000 | 901,000 | 901,000 | 821,000 | 659,000 | 660,000 | 660,000 | 689,000 | 779,000 | 841,000 | 836,000 | 833,000 | 777,000 | 665,000 |
| other liabilities | 27,745,000 | 21,574,000 | 105,000 | 1,661,000 | 60,000 | 60,000 | 751,000 | 1,363,000 | 1,627,000 | 2,740,000 | 1,850,000 | 1,833,000 | 2,990,000 | 5,534,000 | 884,000 |
| provisions | 135,000 | 120,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 472,000 |
| total long term liabilities | 28,893,000 | 22,596,000 | 1,006,000 | 2,562,000 | 881,000 | 719,000 | 1,411,000 | 2,023,000 | 2,316,000 | 3,519,000 | 2,691,000 | 2,669,000 | 3,823,000 | 6,311,000 | 2,021,000 |
| total liabilities | 35,029,000 | 24,696,000 | 7,402,000 | 6,150,000 | 3,870,000 | 5,439,000 | 7,475,000 | 10,395,000 | 12,262,000 | 11,538,000 | 11,068,000 | 16,110,000 | 23,243,000 | 14,984,000 | 16,826,000 |
| net assets | -7,099,000 | -4,528,000 | 17,254,000 | 15,920,000 | 16,410,000 | 17,071,000 | 19,200,000 | 24,341,000 | 23,343,000 | 21,663,000 | 20,814,000 | 20,880,000 | 25,005,000 | 17,915,000 | 18,156,000 |
| total shareholders funds | -7,099,000 | -4,528,000 | 17,254,000 | 15,920,000 | 16,410,000 | 17,071,000 | 19,200,000 | 24,341,000 | 23,343,000 | 21,663,000 | 20,814,000 | 20,880,000 | 25,005,000 | 17,915,000 | 18,156,000 |
| 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 | 2,510,000 | -1,420,000 | 5,037,000 | 4,343,000 | 3,118,000 | 4,427,000 | 4,795,000 | 11,185,000 | 10,753,000 | 10,453,000 | 12,894,000 | 14,661,000 | 20,401,000 | 12,796,000 | 9,183,000 |
| Depreciation | 31,000 | 53,000 | 132,000 | 180,000 | 229,000 | 187,000 | 106,000 | 131,000 | 161,000 | 153,000 | 171,000 | 228,000 | 201,000 | 200,000 | 283,027,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,668,000 | -658,000 | -979,000 | -866,000 | -652,000 | -810,000 | -959,000 | -2,141,000 | -2,190,000 | -2,527,000 | -2,949,000 | -3,650,000 | -5,477,000 | -3,678,000 | -2,743,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 9,803,000 | -7,500,000 | 3,181,000 | 2,901,000 | -4,507,000 | -5,865,000 | -6,246,000 | -3,359,000 | 1,192,000 | -39,000 | -6,833,000 | -13,808,000 | 16,650,000 | -4,404,000 | 32,178,000 |
| Creditors | 95,000 | -6,000 | -48,000 | 52,000 | -3,000 | -87,000 | 64,000 | 28,000 | -52,000 | 40,000 | 12,000 | -144,000 | 140,000 | 2,000 | 2,000 |
| Accruals and Deferred Income | 4,052,000 | -4,289,000 | 2,856,000 | 627,000 | -1,566,000 | -1,258,000 | -2,372,000 | -1,631,000 | 1,889,000 | -460,000 | -3,736,000 | -4,762,000 | 9,444,000 | -4,423,000 | 12,683,000 |
| Deferred Taxes & Provisions | 15,000 | 120,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -472,000 | 472,000 |
| Cash flow from operations | -4,768,000 | 1,300,000 | 3,817,000 | 1,435,000 | 5,633,000 | 8,324,000 | 7,880,000 | 10,931,000 | 9,369,000 | 7,698,000 | 13,225,000 | 20,141,000 | 8,059,000 | 8,829,000 | 270,446,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -169,000 | -236,000 | -23,000 | -318,000 | -193,000 | -166,000 | -135,000 | -186,000 | -213,000 | -208,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -169,000 | -236,000 | -23,000 | -318,000 | -193,000 | -166,000 | -135,000 | -186,000 | -213,000 | -208,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,335,000 | -1,070,000 | 1,219,000 | -1,599,000 | 2,785,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 6,171,000 | 21,469,000 | -1,556,000 | 1,601,000 | 0 | -691,000 | -612,000 | -264,000 | -1,113,000 | 890,000 | 17,000 | -1,157,000 | -2,544,000 | 4,650,000 | 884,000 |
| share issue | |||||||||||||||
| interest | 478,000 | 59,000 | -4,000 | 25,000 | 129,000 | 62,000 | 24,000 | 28,000 | 24,000 | 22,000 | 13,000 | 16,000 | 12,000 | 16,000 | 7,000 |
| cash flow from financing | 3,857,000 | 4,297,000 | -3,048,000 | -755,000 | -5,000 | -2,391,000 | -3,571,000 | -450,000 | -1,018,000 | 731,000 | -1,662,000 | -4,972,000 | -3,257,000 | 3,488,000 | 29,264,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,477,000 | 2,894,000 | -286,000 | -901,000 | 2,323,000 | 1,508,000 | -2,344,000 | 2,590,000 | 1,199,000 | 1,328,000 | 1,599,000 | 3,670,000 | -582,000 | 1,682,000 | 4,033,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,477,000 | 2,894,000 | -286,000 | -901,000 | 2,323,000 | 1,508,000 | -2,344,000 | 2,590,000 | 1,199,000 | 1,328,000 | 1,599,000 | 3,670,000 | -582,000 | 1,682,000 | 4,033,000 |
map equity limited Credit Report and Business Information
Map Equity Limited Competitor Analysis
Perform a competitor analysis for map equity limited 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.
map equity limited Ownership
MAP EQUITY LIMITED group structure
Map Equity Limited has 1 subsidiary company.
Ultimate parent company
MAP EQUITY LIMITED
03985522
1 subsidiary
map equity limited directors
Map Equity Limited currently has 3 directors. The longest serving directors include Mr Aidan Kong (Aug 2000) and Mr Richard Trubshaw (Aug 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aidan Kong | England | 59 years | Aug 2000 | - | Director |
| Mr Richard Trubshaw | 60 years | Aug 2000 | - | Director | |
| Mr Christopher Smelt | United Kingdom | 50 years | Apr 2010 | - | Director |
P&L
December 2023turnover
14.3m
+196%
operating profit
2.5m
-277%
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
-7.1m
+0.57%
total assets
30.6m
+0.37%
cash
17.2m
-0.08%
net assets
Total assets minus all liabilities
Similar Companies
map equity limited company details
company number
03985522
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
May 2000
age
24
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
ellabright limited (May 2000)
accountant
-
auditor
DELOITTE LLP
address
fitzwilliam house, 10 st mary axe, london, EC3A 8EN
Bank
-
Legal Advisor
-
map equity 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 2 charges/mortgages relating to map equity limited. Currently there are 2 open charges and 0 have been satisfied in the past.
map equity limited Companies House Filings - See Documents
| date | description | view/download |
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