lagrove insurance brokers ltd
lagrove insurance brokers ltd Company Information
Company Number
04010610
Next Accounts
Sep 2025
Directors
Shareholders
mr michael mackay
carol talbot
Group Structure
View All
Industry
Non-life insurance
Registered Address
51-53 the green, southall, middlesex, UB2 4AR
Website
www.lagroveinsurance.comlagrove insurance brokers ltd Estimated Valuation
Pomanda estimates the enterprise value of LAGROVE INSURANCE BROKERS LTD at £149.4k based on a Turnover of £284.4k and 0.53x industry multiple (adjusted for size and gross margin).
lagrove insurance brokers ltd Estimated Valuation
Pomanda estimates the enterprise value of LAGROVE INSURANCE BROKERS LTD at £0 based on an EBITDA of £-70.8k and a 5.9x industry multiple (adjusted for size and gross margin).
lagrove insurance brokers ltd Estimated Valuation
Pomanda estimates the enterprise value of LAGROVE INSURANCE BROKERS LTD at £254.1k based on Net Assets of £151k and 1.68x industry multiple (adjusted for liquidity).
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Lagrove Insurance Brokers Ltd Overview
Lagrove Insurance Brokers Ltd is a live company located in middlesex, UB2 4AR with a Companies House number of 04010610. It operates in the non-life insurance sector, SIC Code 65120. Founded in June 2000, it's largest shareholder is mr michael mackay with a 80% stake. Lagrove Insurance Brokers Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £284.4k with declining growth in recent years.
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Lagrove Insurance Brokers Ltd Health Check
Pomanda's financial health check has awarded Lagrove Insurance Brokers Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £284.4k, make it smaller than the average company (£2.1m)
- Lagrove Insurance Brokers Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (8.7%)
- Lagrove Insurance Brokers Ltd
8.7% - Industry AVG
Production
with a gross margin of 77.5%, this company has a higher cost of product (100%)
- Lagrove Insurance Brokers Ltd
100% - Industry AVG
Profitability
an operating margin of -24.9% make it less profitable than the average company (17.6%)
- Lagrove Insurance Brokers Ltd
17.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (26)
5 - Lagrove Insurance Brokers Ltd
26 - Industry AVG
Pay Structure
on an average salary of £65.3k, the company has an equivalent pay structure (£65.3k)
- Lagrove Insurance Brokers Ltd
£65.3k - Industry AVG
Efficiency
resulting in sales per employee of £56.9k, this is less efficient (£163.5k)
- Lagrove Insurance Brokers Ltd
£163.5k - Industry AVG
Debtor Days
it gets paid by customers after 196 days, this is near the average (216 days)
- Lagrove Insurance Brokers Ltd
216 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is quicker than average (305 days)
- Lagrove Insurance Brokers Ltd
305 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lagrove Insurance Brokers Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lagrove Insurance Brokers Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.2%, this is a lower level of debt than the average (81.4%)
8.2% - Lagrove Insurance Brokers Ltd
81.4% - Industry AVG
LAGROVE INSURANCE BROKERS LTD financials
Lagrove Insurance Brokers Ltd's latest turnover from December 2023 is estimated at £284.4 thousand and the company has net assets of £151 thousand. According to their latest financial statements, Lagrove Insurance Brokers Ltd has 5 employees and maintains cash reserves of 0 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 5 | 4 | 5 | 4 | 5 | ||||||||||
| 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 | 11,773 | 396 | 528 | 704 | 938 | 1,251 | 1,663 | 2,219 | 2,962 | 3,956 | 1,263 | 1,684 | 2,245 | 2,993 | 3,990 |
| Intangible Assets | 1,759 | 7,882 | 17,974 | ||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 11,773 | 396 | 528 | 704 | 938 | 1,251 | 1,663 | 2,219 | 2,962 | 3,956 | 1,263 | 1,684 | 4,004 | 10,875 | 21,964 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 152,725 | 237,280 | 265,298 | 321,279 | 279,210 | 268,763 | 253,468 | 213,132 | 27,916 | 27,874 | 29,687 | 30,629 | 454 | 30,410 | 174 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 158,581 | 133,603 | 132,901 | 134,790 | 161,756 | 116,757 | 135,076 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 152,725 | 237,280 | 265,298 | 321,279 | 279,210 | 268,763 | 253,468 | 213,132 | 186,497 | 161,477 | 162,588 | 165,419 | 162,210 | 147,167 | 135,250 |
| total assets | 164,498 | 237,676 | 265,826 | 321,983 | 280,148 | 270,014 | 255,131 | 215,351 | 189,459 | 165,433 | 163,851 | 167,103 | 166,214 | 158,042 | 157,214 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 13,494 | 15,886 | 8,162 | 39,945 | 26,603 | 19,480 | 22,320 | 20,662 | 17,543 | 12,223 | 11,552 | 14,876 | 17,433 | 17,429 | 19,972 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 13,494 | 15,886 | 8,162 | 39,945 | 26,603 | 19,480 | 22,320 | 20,662 | 17,543 | 12,223 | 11,552 | 14,876 | 17,433 | 17,429 | 19,972 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 13,494 | 15,886 | 8,162 | 39,945 | 26,603 | 19,480 | 22,320 | 20,662 | 17,543 | 12,223 | 11,552 | 14,876 | 17,433 | 17,429 | 19,972 |
| net assets | 151,004 | 221,790 | 257,664 | 282,038 | 253,545 | 250,534 | 232,811 | 194,689 | 171,916 | 153,210 | 152,299 | 152,227 | 148,781 | 140,613 | 137,242 |
| total shareholders funds | 151,004 | 221,790 | 257,664 | 282,038 | 253,545 | 250,534 | 232,811 | 194,689 | 171,916 | 153,210 | 152,299 | 152,227 | 148,781 | 140,613 | 137,242 |
| 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 | 994 | 1,067 | 421 | 561 | 748 | 998 | 938 | ||||||||
| Amortisation | 1,759 | 6,123 | 10,091 | 10,091 | |||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -84,555 | -28,018 | -55,981 | 42,069 | 10,447 | 15,295 | 40,336 | 185,216 | 42 | -1,813 | -942 | 30,175 | -29,956 | 30,236 | 174 |
| Creditors | -2,392 | 7,724 | -31,783 | 13,342 | 7,123 | -2,840 | 1,658 | 3,119 | 5,320 | 671 | -3,324 | -2,557 | 4 | -2,543 | 19,972 |
| 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 | -158,581 | 24,978 | 702 | -1,889 | -26,966 | 44,999 | -18,319 | 135,076 | |||||||
| overdraft | |||||||||||||||
| change in cash | -158,581 | 24,978 | 702 | -1,889 | -26,966 | 44,999 | -18,319 | 135,076 |
lagrove insurance brokers ltd Credit Report and Business Information
Lagrove Insurance Brokers Ltd Competitor Analysis
Perform a competitor analysis for lagrove insurance brokers ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in UB2 area or any other competitors across 12 key performance metrics.
lagrove insurance brokers ltd Ownership
LAGROVE INSURANCE BROKERS LTD group structure
Lagrove Insurance Brokers Ltd has no subsidiary companies.
Ultimate parent company
LAGROVE INSURANCE BROKERS LTD
04010610
lagrove insurance brokers ltd directors
Lagrove Insurance Brokers Ltd currently has 1 director, Mr Michael MacKay serving since Oct 2000.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael MacKay | 64 years | Oct 2000 | - | Director |
P&L
December 2023turnover
284.4k
-15%
operating profit
-70.8k
0%
gross margin
77.5%
+4.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
151k
-0.32%
total assets
164.5k
-0.31%
cash
0
0%
net assets
Total assets minus all liabilities
lagrove insurance brokers ltd company details
company number
04010610
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
June 2000
age
25
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
acraway limited (December 2000)
accountant
-
auditor
-
address
51-53 the green, southall, middlesex, UB2 4AR
Bank
HSBC BANK PLC
Legal Advisor
-
lagrove insurance brokers 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 did not find charges/mortgages relating to lagrove insurance brokers ltd.
lagrove insurance brokers 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.
Click to start generating capital raising & share issue transactions for LAGROVE INSURANCE BROKERS LTD. This can take several minutes, an email will notify you when this has completed.
lagrove insurance brokers ltd Companies House Filings - See Documents
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