simmons gainsford insurance solutions limited

simmons gainsford insurance solutions limited Company Information

Share SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED
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Company Number

04016753

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Shareholders

carin johnson

simmons gainsford nominees limited

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Group Structure

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Contact

Registered Address

14th floor 33 cavendish square, london, W1G 0PW

simmons gainsford insurance solutions limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED at £3.2m based on a Turnover of £2.3m and 1.4x industry multiple (adjusted for size and gross margin).

simmons gainsford insurance solutions limited Estimated Valuation

£433.1k

Pomanda estimates the enterprise value of SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED at £433.1k based on an EBITDA of £87.7k and a 4.94x industry multiple (adjusted for size and gross margin).

simmons gainsford insurance solutions limited Estimated Valuation

£448.1k

Pomanda estimates the enterprise value of SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED at £448.1k based on Net Assets of £348.2k and 1.29x industry multiple (adjusted for liquidity).

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Simmons Gainsford Insurance Solutions Limited Overview

Simmons Gainsford Insurance Solutions Limited is a live company located in london, W1G 0PW with a Companies House number of 04016753. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 2000, it's largest shareholder is carin johnson with a 50% stake. Simmons Gainsford Insurance Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with rapid growth in recent years.

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Simmons Gainsford Insurance Solutions Limited Health Check

Pomanda's financial health check has awarded Simmons Gainsford Insurance Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£5.5m)

£2.3m - Simmons Gainsford Insurance Solutions Limited

£5.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (5%)

40% - Simmons Gainsford Insurance Solutions Limited

5% - Industry AVG

production

Production

with a gross margin of 54.2%, this company has a comparable cost of product (54.2%)

54.2% - Simmons Gainsford Insurance Solutions Limited

54.2% - Industry AVG

profitability

Profitability

an operating margin of 3.7% make it less profitable than the average company (9.1%)

3.7% - Simmons Gainsford Insurance Solutions Limited

9.1% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (14)

6 - Simmons Gainsford Insurance Solutions Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £82.7k, the company has an equivalent pay structure (£82.7k)

£82.7k - Simmons Gainsford Insurance Solutions Limited

£82.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £378.1k, this is more efficient (£224.5k)

£378.1k - Simmons Gainsford Insurance Solutions Limited

£224.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 60 days, this is later than average (33 days)

60 days - Simmons Gainsford Insurance Solutions Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 30 days, this is quicker than average (45 days)

30 days - Simmons Gainsford Insurance Solutions Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Simmons Gainsford Insurance Solutions Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is average cash available to meet short term requirements (30 weeks)

27 weeks - Simmons Gainsford Insurance Solutions Limited

30 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.1%, this is a lower level of debt than the average (70.2%)

41.1% - Simmons Gainsford Insurance Solutions Limited

70.2% - Industry AVG

SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED financials

EXPORTms excel logo

Simmons Gainsford Insurance Solutions Limited's latest turnover from December 2023 is estimated at £2.3 million and the company has net assets of £348.2 thousand. According to their latest financial statements, Simmons Gainsford Insurance Solutions Limited has 6 employees and maintains cash reserves of £126.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,268,8141,224,397914,210831,510959,5171,038,143982,084470,552451,618764,554340,444339,600340,960450,2850
Other Income Or Grants000000000000000
Cost Of Sales1,039,626541,848387,270362,116417,489446,607416,610182,343159,038289,776132,982141,450149,034207,2910
Gross Profit1,229,188682,549526,940469,394542,028591,536565,474288,210292,581474,778207,462198,150191,926242,9940
Admin Expenses1,144,501565,244490,799509,197626,202656,951630,171312,349-122,953392,722197,315239,123141,827282,294-68,291
Operating Profit84,687117,30536,141-39,803-84,174-65,415-64,697-24,139415,53482,05610,147-40,97350,099-39,30068,291
Interest Payable00009264,5569,50513,5678,100000000
Interest Receivable10,1468,4794841529018386852518841,177683765991924434
Pre-Tax Profit94,833125,78436,625-39,651-84,200-69,133-73,517-37,456408,31983,23310,830-40,20851,091-38,37668,725
Tax-23,708-23,899-6,95900000-81,664-17,479-2,4910-13,2840-19,243
Profit After Tax71,125101,88529,666-39,651-84,200-69,133-73,517-37,456326,65565,7548,339-40,20837,807-38,37649,482
Dividends Paid000000000000000
Retained Profit71,125101,88529,666-39,651-84,200-69,133-73,517-37,456326,65565,7548,339-40,20837,807-38,37649,482
Employee Costs496,121474,097460,551444,676513,622504,144481,009198,185192,415246,166125,700120,059121,245178,0620
Number Of Employees666677733422230
EBITDA*87,673121,78440,205-35,875-81,68543,63642,67982,845522,35983,12510,429-40,97350,099-38,73768,908

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,0517,0379,93611,49212,9898,4347,4664,1424,9066,4711,599000563
Intangible Assets00000150,000210,520315,780421,040000000
Investments & Other00030,00090,000105,260210,000270,000330,000678,32400000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets4,0517,0379,93641,492102,989263,694427,986589,922755,946684,7951,599000563
Stock & work in progress000000000000000
Trade Debtors373,324143,45775,69660,30068,30090,47280,79152,32049,06355,58933,99137,55630,93040,92249,918
Group Debtors0000000019,599000000
Misc Debtors87,5094,7446,7045,4464,9646,68618,8912,851746000000
Cash126,122260,409224,120163,124140,79899,390124,073150,07750,439303,200167,491105,560200,560195,893173,704
misc current assets000000000000000
total current assets586,955408,610306,520228,870214,062196,548223,755205,248119,847358,789201,482143,116231,490236,815223,622
total assets591,006415,647316,456270,362317,051460,242651,741795,170875,7931,043,584203,081143,116231,490236,815224,185
Bank overdraft000000000000000
Bank loan0000027,44880,65678,31575,296000000
Trade Creditors 87,9872,1323,983854,4696,0386,7016171,791567,768166,035114,409162,575205,707154,701
Group/Directors Accounts1,0001,0004,56230,43730,43830,43831,00031,0000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities152,832133,578130,56493,36196,01678,49072,03770,64179,347000000
total current liabilities241,819136,710139,109123,883130,923142,414190,394180,573156,434567,768166,035114,409162,575205,707154,701
loans00000026,886106,616173,922000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000047,50095,00095,00095,000371,72200000
provisions1,0131,8882,1839819819819819819811,29400000
total long term liabilities1,0131,8882,18398198148,481122,867202,597269,903373,01600000
total liabilities242,832138,598141,292124,864131,904190,895313,261383,170426,337940,784166,035114,409162,575205,707154,701
net assets348,174277,049175,164145,498185,147269,347338,480412,000449,456102,80037,04628,70768,91531,10869,484
total shareholders funds348,174277,049175,164145,498185,147269,347338,480412,000449,456102,80037,04628,70768,91531,10869,484
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit84,687117,30536,141-39,803-84,174-65,415-64,697-24,139415,53482,05610,147-40,97350,099-39,30068,291
Depreciation2,9864,4794,0643,9282,4893,7912,1161,7241,5651,06928200563617
Amortisation00000105,260105,260105,260105,260000000
Tax-23,708-23,899-6,95900000-81,664-17,479-2,4910-13,2840-19,243
Stock000000000000000
Debtors312,63265,80116,654-7,518-23,894-2,52444,511-14,23713,81921,598-3,5656,626-9,992-8,99649,918
Creditors85,855-1,8513,898-4,384-1,569-6636,084-1,174-565,977401,73351,626-48,166-43,13251,006154,701
Accruals and Deferred Income19,2543,01437,203-2,65517,5266,4531,396-8,70679,347000000
Deferred Taxes & Provisions-875-2951,20200000-3131,29400000
Cash flow from operations-144,43332,95258,895-35,396-41,83451,9505,64887,202-60,067447,07563,129-95,7653,67521,265154,448
Investing Activities
capital expenditure0-1,580-2,508-2,431142,956-49,499-5,440-960-526,300-5,941-1,881000-1,180
Change in Investments00-30,000-60,000-15,260-104,740-60,000-60,000-348,324678,32400000
cash flow from investments0-1,58027,49257,569158,21655,24154,56059,040-177,976-684,265-1,881000-1,180
Financing Activities
Bank loans0000-27,448-53,2082,3413,01975,296000000
Group/Directors Accounts0-3,562-25,875-10-562031,0000000000
Other Short Term Loans 000000000000000
Long term loans00000-26,886-79,730-67,306173,922000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000-47,500-47,50000-276,722371,72200000
share issue000200-3020,0010000020,002
interest10,1468,479484152-25-3,718-8,820-13,316-7,2161,177683765991924434
cash flow from financing10,1464,917-25,391153-74,973-131,874-86,212-46,603-14,719372,89968376599192420,436
cash and cash equivalents
cash-134,28736,28960,99622,32641,408-24,683-26,00499,638-252,761135,70961,931-95,0004,66722,189173,704
overdraft000000000000000
change in cash-134,28736,28960,99622,32641,408-24,683-26,00499,638-252,761135,70961,931-95,0004,66722,189173,704

simmons gainsford insurance solutions limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Simmons Gainsford Insurance Solutions Limited Competitor Analysis

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Perform a competitor analysis for simmons gainsford insurance solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in W1G area or any other competitors across 12 key performance metrics.

simmons gainsford insurance solutions limited Ownership

SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED group structure

Simmons Gainsford Insurance Solutions Limited has 1 subsidiary company.

Ultimate parent company

SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED

04016753

1 subsidiary

SIMMONS GAINSFORD INSURANCE SOLUTIONS LIMITED Shareholders

carin johnson 50%
simmons gainsford nominees limited 16.67%
anita manek 4.17%
david john pumfrey 4.17%
tasnim pisavadi 4.17%
julie duggan 4.17%
rina thakerar 4.17%
celia farshchi-heidari 4.17%
hannah elizabeth rose 4.17%
tanya hersey 4.17%

simmons gainsford insurance solutions limited directors

Simmons Gainsford Insurance Solutions Limited currently has 2 directors. The longest serving directors include Ms Carin Johnson (Sep 2000) and Mr Shilen Manek (Jun 2017).

officercountryagestartendrole
Ms Carin JohnsonEngland61 years Sep 2000- Director
Mr Shilen ManekUnited Kingdom52 years Jun 2017- Director

P&L

December 2023

turnover

2.3m

+85%

operating profit

84.7k

0%

gross margin

54.2%

-2.81%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

348.2k

+0.26%

total assets

591k

+0.42%

cash

126.1k

-0.52%

net assets

Total assets minus all liabilities

simmons gainsford insurance solutions limited company details

company number

04016753

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

June 2000

age

25

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

14th floor 33 cavendish square, london, W1G 0PW

Bank

-

Legal Advisor

-

simmons gainsford insurance solutions 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 1 charges/mortgages relating to simmons gainsford insurance solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.

simmons gainsford insurance solutions 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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simmons gainsford insurance solutions limited Companies House Filings - See Documents

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