managing agency partners limited
managing agency partners limited Company Information
Company Number
03985640
Website
http://mapunderwriting.comRegistered Address
fitzwilliam house, 10 st mary axe, london, EC3A 8EN
Industry
Non-life insurance
Telephone
02077093860
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
managing agency partners holdings ltd 100%
managing agency partners limited Estimated Valuation
Pomanda estimates the enterprise value of MANAGING AGENCY PARTNERS LIMITED at £2.9m based on a Turnover of £4.8m and 0.61x industry multiple (adjusted for size and gross margin).
managing agency partners limited Estimated Valuation
Pomanda estimates the enterprise value of MANAGING AGENCY PARTNERS LIMITED at £19.3m based on an EBITDA of £2.2m and a 8.71x industry multiple (adjusted for size and gross margin).
managing agency partners limited Estimated Valuation
Pomanda estimates the enterprise value of MANAGING AGENCY PARTNERS LIMITED at £30.7m based on Net Assets of £22.1m and 1.39x industry multiple (adjusted for liquidity).
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Managing Agency Partners Limited Overview
Managing Agency Partners Limited is a live company located in london, EC3A 8EN with a Companies House number of 03985640. It operates in the non-life insurance sector, SIC Code 65120. Founded in May 2000, it's largest shareholder is managing agency partners holdings ltd with a 100% stake. Managing Agency Partners Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with declining growth in recent years.
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Managing Agency Partners Limited Health Check
Pomanda's financial health check has awarded Managing Agency Partners Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £4.8m, make it larger than the average company (£1.9m)
£4.8m - Managing Agency Partners Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.2%)
-12% - Managing Agency Partners Limited
4.2% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (97%)
100% - Managing Agency Partners Limited
97% - Industry AVG
Profitability
an operating margin of 44.9% make it more profitable than the average company (17.8%)
44.9% - Managing Agency Partners Limited
17.8% - Industry AVG
Employees
with 52 employees, this is above the industry average (32)
52 - Managing Agency Partners Limited
32 - Industry AVG
Pay Structure
on an average salary of £159.8k, the company has a higher pay structure (£60.2k)
£159.8k - Managing Agency Partners Limited
£60.2k - Industry AVG
Efficiency
resulting in sales per employee of £92.7k, this is less efficient (£155.7k)
£92.7k - Managing Agency Partners Limited
£155.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Managing Agency Partners Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Managing Agency Partners Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Managing Agency Partners Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 402 weeks, this is more cash available to meet short term requirements (16 weeks)
402 weeks - Managing Agency Partners Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.8%, this is a lower level of debt than the average (83.6%)
11.8% - Managing Agency Partners Limited
83.6% - Industry AVG
managing agency partners limited Credit Report and Business Information
Managing Agency Partners Limited Competitor Analysis
Perform a competitor analysis for managing agency partners limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
managing agency partners limited Ownership
MANAGING AGENCY PARTNERS LIMITED group structure
Managing Agency Partners Limited has no subsidiary companies.
Ultimate parent company
2 parents
MANAGING AGENCY PARTNERS LIMITED
03985640
managing agency partners limited directors
Managing Agency Partners Limited currently has 12 directors. The longest serving directors include Mr David Shipley (Aug 2000) and Mr Aidan Kong (Aug 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Shipley | 69 years | Aug 2000 | - | Director | |
| Mr Aidan Kong | England | 59 years | Aug 2000 | - | Director |
| Mr Richard Trubshaw | 59 years | Nov 2000 | - | Director | |
| Mr Andrew Foote | United States | 56 years | Mar 2001 | - | Director |
| Mr Christopher Smelt | United Kingdom | 49 years | Sep 2007 | - | Director |
| Ms Christine Dandridge | United Kingdom | 67 years | Feb 2008 | - | Director |
| Ms Christine Dandridge | England | 67 years | Feb 2008 | - | Director |
| Mr Kevin Allchorne | United Kingdom | 53 years | Sep 2016 | - | Director |
| Ms Theresa Froehlich | United Kingdom | 58 years | Jul 2017 | - | Director |
| Mr Timothy McDermott | 37 years | Sep 2022 | - | Director |
MANAGING AGENCY PARTNERS LIMITED financials
Managing Agency Partners Limited's latest turnover from December 2022 is £4.8 million and the company has net assets of £22.1 million. According to their latest financial statements, Managing Agency Partners Limited has 52 employees and maintains cash reserves of £15 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 4,820,787 | 11,474,870 | 10,216,089 | 7,136,371 | 7,224,914 | 12,451,364 | 18,203,738 | 19,041,876 | 20,060,387 | 18,945,414 | 30,020,725 | 29,646,207 | 31,178,735 | 21,255,060 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Gross Profit | 4,820,787 | 11,474,870 | 10,216,089 | 7,136,371 | 7,224,914 | 12,451,364 | 18,203,738 | 19,041,876 | 20,060,387 | |||||
| Admin Expenses | 2,655,872 | 5,371,824 | 5,605,584 | 3,572,014 | 5,047,591 | 8,947,777 | 7,882,193 | 8,452,914 | 9,762,985 | |||||
| Operating Profit | 2,164,915 | 6,103,046 | 4,610,505 | 3,564,357 | 2,177,323 | 3,503,587 | 10,321,545 | 10,588,962 | 10,297,402 | 9,833,246 | 15,090,202 | 16,823,339 | 13,633,000 | 7,341,383 |
| Interest Payable | 1,169 | 4,786 | 168 | 424 | 410 | 0 | 187 | 527 | 0 | 5,718 | 148 | 105 | 152 | 17,768 |
| Interest Receivable | 42,264 | 911 | 19,440 | 107,678 | 57,812 | 17,513 | 26,260 | 23,199 | 21,041 | 17,479 | 13,671 | 10,488 | 12,823 | 14,161 |
| Pre-Tax Profit | 2,206,010 | 6,099,171 | 4,629,777 | 3,671,611 | 2,234,725 | 3,521,100 | 10,347,618 | 10,611,634 | 10,318,443 | 9,845,007 | 15,103,725 | 16,833,722 | 13,645,671 | 7,337,776 |
| Tax | -558,986 | -1,273,489 | -1,043,198 | -728,556 | -533,468 | -925,047 | -2,195,546 | -2,231,793 | -2,672,024 | -2,474,928 | -4,272,503 | -4,854,627 | -4,443,402 | -2,064,125 |
| Profit After Tax | 1,647,024 | 4,825,682 | 3,586,579 | 2,943,055 | 1,701,257 | 2,596,053 | 8,152,072 | 8,379,841 | 7,646,419 | 7,370,079 | 10,831,222 | 11,979,095 | 9,202,269 | 5,273,651 |
| Dividends Paid | 2,842,689 | 1,056,430 | 1,564,341 | 3,330,111 | 4,737,450 | 6,607,243 | 8,033,216 | 6,891,138 | 7,161,125 | 10,222,065 | 13,412,209 | 5,286,320 | 10,623,819 | 15,799,388 |
| Retained Profit | -1,195,665 | 3,769,252 | 2,022,238 | -387,056 | -3,036,193 | -4,011,190 | 118,856 | 1,488,703 | 485,294 | -2,851,986 | -2,580,987 | 6,692,775 | -1,421,550 | -10,525,737 |
| Employee Costs | 8,309,154 | 10,066,603 | 10,063,852 | 8,609,026 | 9,019,971 | 11,078,600 | 13,163,465 | 13,903,420 | 14,344,402 | 12,945,248 | 16,003,336 | 15,567,191 | 17,918,094 | 16,007,673 |
| Number Of Employees | 52 | 50 | 50 | 48 | 48 | 49 | 50 | 48 | 48 | 49 | 47 | 46 | 46 | 45 |
| EBITDA* | 2,218,767 | 6,235,394 | 4,790,618 | 3,793,066 | 2,364,083 | 3,609,532 | 10,452,548 | 10,750,267 | 10,450,703 | 10,003,876 | 15,317,990 | 17,023,858 | 13,832,953 | 7,624,410 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 36,319 | 81,174 | 153,334 | 229,370 | 339,550 | 356,598 | 226,733 | 334,652 | 177,681 | 138,092 | 142,514 | 211,422 | 225,343 | 212,301 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 2,906,910 | 0 | 0 | 1,924,589 | 3,878,296 | 4,328,719 | 6,800,293 | 5,197,533 | 5,270,200 | 6,824,545 | 12,420,757 | 1,904,414 |
| Total Fixed Assets | 36,319 | 81,174 | 3,060,244 | 229,370 | 339,550 | 2,281,187 | 4,105,029 | 4,663,371 | 6,977,974 | 5,335,625 | 5,412,714 | 7,035,967 | 12,646,100 | 2,116,715 |
| Stock & work in progress | 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 | 64 | 19,710 |
| Group Debtors | 7,900,000 | 7,900,000 | 6,400,000 | 4,150,000 | 4,150,000 | 4,150,000 | 0 | 0 | 0 | 0 | 9,249 | 23,498 | 32,997 | 19,527 |
| Misc Debtors | 2,134,629 | 9,635,937 | 1,447,475 | 652,566 | 5,154,853 | 10,630,834 | 16,046,907 | 18,612,874 | 14,748,473 | 15,876,038 | 25,342,751 | 34,268,684 | 15,308,529 | 26,733,061 |
| Cash | 15,037,848 | 12,598,432 | 13,278,762 | 14,743,105 | 11,857,829 | 9,780,936 | 13,065,288 | 11,577,854 | 10,773,977 | 10,027,280 | 8,257,954 | 4,476,967 | 5,212,754 | 2,485,708 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,072,477 | 30,134,369 | 21,126,237 | 19,545,671 | 21,162,682 | 24,561,770 | 29,112,195 | 30,190,728 | 25,522,450 | 25,903,318 | 33,609,954 | 38,769,149 | 20,554,344 | 29,258,006 |
| total assets | 25,108,796 | 30,215,543 | 24,186,481 | 19,775,041 | 21,502,232 | 26,842,957 | 33,217,224 | 34,854,099 | 32,500,424 | 31,238,943 | 39,022,668 | 45,805,116 | 33,200,444 | 31,374,721 |
| Bank overdraft | 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 |
| Trade Creditors | 810 | 17,617 | 54,204 | 28,735 | 13,503 | 94,903 | 28,139 | 0 | 52,279 | 12,294 | 0 | 143,964 | 4,226 | 2,173 |
| Group/Directors Accounts | 0 | 18,298 | 14,751 | 0 | 0 | 0 | 4,409 | 1,000 | 11,536 | 14,978 | 5,697 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 1,943,308 | 5,835,104 | 2,120,015 | 1,452,827 | 2,969,885 | 4,599,571 | 7,589,701 | 9,083,376 | 6,952,455 | 7,041,570 | 12,015,679 | 15,265,964 | 7,436,849 | 10,757,969 |
| total current liabilities | 1,944,118 | 5,871,019 | 2,188,970 | 1,481,562 | 2,983,388 | 4,694,474 | 7,622,249 | 9,084,376 | 7,016,270 | 7,068,842 | 12,021,376 | 15,409,928 | 7,441,075 | 10,760,142 |
| loans | 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 |
| Accruals and Deferred Income | 901,709 | 900,890 | 0 | 820,597 | 658,906 | 659,513 | 659,691 | 689,168 | 779,299 | 840,870 | 836,254 | 833,079 | 777,445 | 664,865 |
| other liabilities | 0 | 0 | 2,562,391 | 60,000 | 60,000 | 750,619 | 1,362,878 | 1,627,005 | 2,740,008 | 1,849,678 | 1,833,499 | 2,649,583 | 4,762,173 | 743,003 |
| provisions | 120,000 | 105,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,021,709 | 1,005,890 | 2,562,391 | 880,597 | 718,906 | 1,410,132 | 2,022,569 | 2,316,173 | 3,519,307 | 2,690,548 | 2,669,753 | 3,482,662 | 5,539,618 | 1,407,868 |
| total liabilities | 2,965,827 | 6,876,909 | 4,751,361 | 2,362,159 | 3,702,294 | 6,104,606 | 9,644,818 | 11,400,549 | 10,535,577 | 9,759,390 | 14,691,129 | 18,892,590 | 12,980,693 | 12,168,010 |
| net assets | 22,142,969 | 23,338,634 | 19,435,120 | 17,412,882 | 17,799,938 | 20,738,351 | 23,572,406 | 23,453,550 | 21,964,847 | 21,479,553 | 24,331,539 | 26,912,526 | 20,219,751 | 19,206,711 |
| total shareholders funds | 22,142,969 | 23,338,634 | 19,435,120 | 17,412,882 | 17,799,938 | 20,738,351 | 23,572,406 | 23,453,550 | 21,964,847 | 21,479,553 | 24,331,539 | 26,912,526 | 20,219,751 | 19,206,711 |
| 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 | 2,164,915 | 6,103,046 | 4,610,505 | 3,564,357 | 2,177,323 | 3,503,587 | 10,321,545 | 10,588,962 | 10,297,402 | 9,833,246 | 15,090,202 | 16,823,339 | 13,633,000 | 7,341,383 |
| Depreciation | 53,852 | 132,348 | 180,113 | 228,709 | 186,760 | 105,945 | 131,003 | 161,305 | 153,301 | 170,630 | 227,788 | 200,519 | 199,953 | 283,027 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -558,986 | -1,273,489 | -1,043,198 | -728,556 | -533,468 | -925,047 | -2,195,546 | -2,231,793 | -2,672,024 | -2,474,928 | -4,272,503 | -4,854,627 | -4,443,402 | -2,064,125 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -7,501,308 | 6,781,552 | 5,951,819 | -4,502,287 | -7,400,570 | -3,219,780 | -3,016,390 | 1,392,827 | 475,195 | -9,548,629 | -10,494,527 | 13,354,380 | -914,365 | 28,676,712 |
| Creditors | -16,807 | -36,587 | 25,469 | 15,232 | -81,400 | 66,764 | 28,139 | -52,279 | 39,985 | 12,294 | -143,964 | 139,738 | 2,053 | 2,173 |
| Accruals and Deferred Income | -3,890,977 | 4,615,979 | -153,409 | -1,355,367 | -1,630,293 | -2,990,308 | -1,523,152 | 2,040,790 | -150,686 | -4,969,493 | -3,247,110 | 7,884,749 | -3,208,540 | 11,422,834 |
| Deferred Taxes & Provisions | 15,000 | 105,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,268,305 | 2,864,745 | -2,332,339 | 6,226,662 | 7,519,492 | 2,980,721 | 9,778,379 | 9,114,158 | 7,192,783 | 12,120,378 | 18,148,940 | 6,839,338 | 7,097,429 | -11,691,420 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -18,298 | 3,547 | 14,751 | 0 | 0 | -4,409 | 3,409 | -10,536 | -3,442 | 9,281 | 5,697 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -2,562,391 | 2,502,391 | 0 | -690,619 | -612,259 | -264,127 | -1,113,003 | 890,330 | 16,179 | -816,084 | -2,112,590 | 4,019,170 | 743,003 |
| share issue | ||||||||||||||
| interest | 41,095 | -3,875 | 19,272 | 107,254 | 57,402 | 17,513 | 26,073 | 22,672 | 21,041 | 11,761 | 13,523 | 10,383 | 12,671 | -3,607 |
| cash flow from financing | 22,797 | -2,428,457 | 2,536,414 | 107,254 | -535,437 | 577,980 | -234,645 | -1,100,867 | 907,929 | 37,221 | -796,864 | -2,102,207 | 6,466,431 | 30,471,844 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,439,416 | -680,330 | -1,464,343 | 2,885,276 | 2,076,893 | -3,284,352 | 1,487,434 | 803,877 | 746,697 | 1,769,326 | 3,780,987 | -735,787 | 2,727,046 | 2,485,708 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,439,416 | -680,330 | -1,464,343 | 2,885,276 | 2,076,893 | -3,284,352 | 1,487,434 | 803,877 | 746,697 | 1,769,326 | 3,780,987 | -735,787 | 2,727,046 | 2,485,708 |
P&L
December 2022turnover
4.8m
-58%
operating profit
2.2m
-65%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
22.1m
-0.05%
total assets
25.1m
-0.17%
cash
15m
+0.19%
net assets
Total assets minus all liabilities
Similar Companies
managing agency partners limited company details
company number
03985640
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
May 2000
age
24
accounts
Full Accounts
ultimate parent company
previous names
branchgrove limited (May 2000)
incorporated
UK
address
fitzwilliam house, 10 st mary axe, london, EC3A 8EN
last accounts submitted
December 2022
managing agency partners 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 managing agency partners limited.
managing agency partners limited Companies House Filings - See Documents
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