freeway uk insurance services limitedEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of FREEWAY UK INSURANCE SERVICES LIMITED at £1.8m based on a Turnover of £3m and 0.6x industry multiple (adjusted for size and gross margin).
freeway uk insurance services limitedEstimated Valuation
£245.5k
Pomanda estimates the enterprise value of FREEWAY UK INSURANCE SERVICES LIMITED at £245.5k based on an EBITDA of £38.8k and a 6.33x industry multiple (adjusted for size and gross margin).
freeway uk insurance services limitedEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of FREEWAY UK INSURANCE SERVICES LIMITED at £2.2m based on Net Assets of £1.4m and 1.58x industry multiple (adjusted for liquidity).
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Freeway Uk Insurance Services LimitedOverview
Freeway Uk Insurance Services Limited is a live company located in runcorn, WA7 3GH with a Companies House number of 04030245. It operates in the non-life insurance sector, SIC Code 65120. Founded in July 2000, it's largest shareholder is
tracey louise mccracken
with a 50% stake. Freeway Uk Insurance Services Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£3m with
declining
growth in recent years.
Freeway Uk Insurance Services Limited Health Check
Pomanda's financial health check has awarded Freeway Uk Insurance Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
3 Regular
3 Weak
Size
annual sales of £3m, make it larger than the average company (£2.1m)
£3m - Freeway Uk Insurance Services Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (8.7%)
-6% - Freeway Uk Insurance Services Limited
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Freeway Uk Insurance Services Limited
100% - Industry AVG
Profitability
an operating margin of -10.9% make it less profitable than the average company (17.7%)
-10.9% - Freeway Uk Insurance Services Limited
17.7% - Industry AVG
Employees
with 49 employees, this is above the industry average (26)
49 - Freeway Uk Insurance Services Limited
26 - Industry AVG
Pay Structure
on an average salary of £65.6k, the company has an equivalent pay structure (£65.6k)
£65.6k - Freeway Uk Insurance Services Limited
£65.6k - Industry AVG
Efficiency
resulting in sales per employee of £60.5k, this is less efficient (£165k)
£60.5k - Freeway Uk Insurance Services Limited
£165k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is earlier than average (216 days)
75 days - Freeway Uk Insurance Services Limited
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Freeway Uk Insurance Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Freeway Uk Insurance Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 15 weeks, this is average cash available to meet short term requirements (18 weeks)
15 weeks - Freeway Uk Insurance Services Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.2%, this is a lower level of debt than the average (81.5%)
56.2% - Freeway Uk Insurance Services Limited
81.5% - Industry AVG
FREEWAY UK INSURANCE SERVICES LIMITED financials
EXPORT
Freeway Uk Insurance Services Limited's latest turnover from December 2023 is estimated at £3 million and the company has net assets of £1.4 million. According to their latest financial statements, Freeway Uk Insurance Services Limited has 49 employees and maintains cash reserves of £390 thousand 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
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
2,963,384
3,107,565
3,265,712
3,565,664
4,542,786
3,562,381
2,872,664
6,413,463
2,521,036
1,117,886
1,105,694
1,491,896
1,651,188
1,574,860
Other Income Or Grants
Cost Of Sales
20,906
196,360
251,332
194,930
252,535
357,810
501,142
411,200
Gross Profit
2,963,384
3,107,565
3,265,712
3,565,664
4,542,786
3,562,381
2,851,758
6,217,103
2,269,704
922,957
853,159
1,134,087
1,150,046
1,163,659
Admin Expenses
3,285,712
3,702,690
3,197,930
2,427,149
4,087,504
3,916,118
2,731,116
5,689,892
2,400,300
763,815
731,450
986,278
1,071,607
1,066,915
-376,707
Operating Profit
-322,328
-595,125
67,782
1,138,515
455,282
-353,737
120,642
527,211
-130,596
159,142
121,709
147,809
78,439
96,744
376,707
Interest Payable
2,855
Interest Receivable
29,433
48,958
4,228
2,157
22,392
22,240
12,456
5,458
10,717
9,049
7,695
7,133
6,094
3,280
806
Pre-Tax Profit
-295,750
-546,167
72,010
1,140,672
477,674
-331,497
133,098
532,669
-119,879
168,191
129,404
154,942
84,532
100,024
377,513
Tax
-13,682
-216,728
-90,758
-25,289
-106,534
-35,320
-29,763
-37,186
-21,978
-28,007
-105,703
Profit After Tax
-295,750
-546,167
58,328
923,944
386,916
-331,497
107,809
426,135
-119,879
132,871
99,641
117,756
62,554
72,017
271,809
Dividends Paid
Retained Profit
-295,750
-546,167
58,328
923,944
386,916
-331,497
107,809
426,135
-119,879
132,871
99,641
117,756
62,554
72,017
271,809
Employee Costs
3,213,653
3,170,747
3,484,230
3,523,500
4,376,223
3,387,600
2,799,399
2,500,163
2,540,741
424,119
409,053
625,368
658,052
602,532
Number Of Employees
49
51
58
63
78
60
51
47
49
8
8
13
14
14
EBITDA*
38,787
-252,599
216,083
1,226,974
558,553
-256,170
217,662
641,875
-40,161
270,903
332,626
328,600
359,076
221,712
525,082
* 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
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
537,221
613,598
172,040
138,425
184,240
238,345
130,682
163,729
161,542
154,366
166,096
200,957
209,761
138,327
173,651
Intangible Assets
1,136,618
741,093
492,758
289,194
78,558
12,875
123,895
163,309
4,667
5,874
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,673,839
1,354,691
664,798
427,619
262,798
238,345
130,682
163,729
161,542
154,366
178,971
324,852
373,070
142,994
179,525
Stock & work in progress
Trade Debtors
615,462
811,601
721,924
767,792
972,073
814,317
782,427
3,795,927
546,103
600,116
595,446
770,166
832,659
705,567
662,882
Group Debtors
Misc Debtors
442,871
772,647
687,868
1,135,204
619,145
866,524
623,539
374,376
198,238
Cash
389,956
731,296
2,066,324
1,315,889
2,997,212
2,974,105
2,956,619
2,025,743
2,340,279
1,946,707
1,672,940
1,405,220
1,447,850
989,617
322,395
misc current assets
total current assets
1,448,289
2,315,544
3,476,116
3,218,885
4,588,430
4,654,946
4,362,585
6,196,046
3,084,620
2,546,823
2,268,386
2,175,386
2,280,509
1,695,184
985,277
total assets
3,122,128
3,670,235
4,140,914
3,646,504
4,851,228
4,893,291
4,493,267
6,359,775
3,246,162
2,701,189
2,447,357
2,500,238
2,653,579
1,838,178
1,164,802
Bank overdraft
Bank loan
50,750
Trade Creditors
229,862
435,098
298,771
488,066
2,696,263
2,919,853
2,614,571
4,755,275
1,930,626
1,943,135
1,822,836
1,947,543
2,156,313
1,494,252
892,893
Group/Directors Accounts
other short term finances
hp & lease commitments
22,342
other current liabilities
1,036,791
1,440,006
1,569,799
945,098
904,407
1,117,188
700,326
531,175
671,784
total current liabilities
1,339,745
1,875,104
1,868,570
1,433,164
3,600,670
4,037,041
3,314,897
5,286,450
2,602,410
1,943,135
1,822,836
1,947,543
2,156,313
1,494,252
892,893
loans
hp & lease commitments
19,350
Accruals and Deferred Income
other liabilities
84,305
644
2,578
90,786
provisions
331,491
132,794
63,840
63,164
24,326
16,934
7,557
10,321
6,883
1,306
6,531
total long term liabilities
415,796
132,794
63,840
63,164
24,326
16,934
7,557
10,321
6,883
1,306
644
28,459
90,786
total liabilities
1,755,541
2,007,898
1,932,410
1,496,328
3,624,996
4,053,975
3,322,454
5,296,771
2,609,293
1,944,441
1,823,480
1,976,002
2,247,099
1,494,252
892,893
net assets
1,366,587
1,662,337
2,208,504
2,150,176
1,226,232
839,316
1,170,813
1,063,004
636,869
756,748
623,877
524,236
406,480
343,926
271,909
total shareholders funds
1,366,587
1,662,337
2,208,504
2,150,176
1,226,232
839,316
1,170,813
1,063,004
636,869
756,748
623,877
524,236
406,480
343,926
271,909
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
-322,328
-595,125
67,782
1,138,515
455,282
-353,737
120,642
527,211
-130,596
159,142
121,709
147,809
78,439
96,744
376,707
Depreciation
227,789
157,836
103,202
76,467
95,709
97,567
97,020
114,664
90,435
98,886
111,020
102,075
41,358
6,207
142,505
Amortisation
133,326
184,690
45,099
11,992
7,562
12,875
99,897
78,716
239,279
118,761
5,870
Tax
-13,682
-216,728
-90,758
-25,289
-106,534
-35,320
-29,763
-37,186
-21,978
-28,007
-105,703
Stock
Debtors
-525,915
174,456
-493,204
311,778
-89,623
274,875
-2,764,337
3,425,962
144,225
4,670
-174,720
-62,493
127,092
42,685
662,882
Creditors
-205,236
136,327
-189,295
-2,208,197
-223,590
305,282
-2,140,704
2,824,649
-12,509
120,299
-124,707
-208,770
662,061
601,359
892,893
Accruals and Deferred Income
-403,215
-129,793
624,701
40,691
-212,781
416,862
169,151
-140,609
671,784
Deferred Taxes & Provisions
198,697
68,954
676
38,838
7,392
9,377
-2,764
3,438
5,577
1,306
-6,531
6,531
Cash flow from operations
154,948
-351,567
1,131,687
-1,430,200
128,439
200,476
982,393
-203,143
480,466
352,518
346,345
151,668
872,067
752,379
649,390
Investing Activities
capital expenditure
-680,263
-1,032,419
-385,480
-253,280
-127,724
-205,230
-63,973
-116,851
-97,611
-87,156
-65,036
-132,573
-510,713
-88,437
-327,900
Change in Investments
cash flow from investments
-680,263
-1,032,419
-385,480
-253,280
-127,724
-205,230
-63,973
-116,851
-97,611
-87,156
-65,036
-132,573
-510,713
-88,437
-327,900
Financing Activities
Bank loans
50,750
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
22,342
-19,350
19,350
other long term liabilities
84,305
-644
-1,934
-88,208
90,786
share issue
100
interest
26,578
48,958
4,228
2,157
22,392
22,240
12,456
5,458
10,717
9,049
7,695
7,133
6,094
3,280
806
cash flow from financing
183,975
48,958
4,228
2,157
22,392
22,240
12,456
5,458
10,717
8,405
-13,589
-61,725
96,880
3,280
906
cash and cash equivalents
cash
-341,340
-1,335,028
750,435
-1,681,323
23,107
17,486
930,876
-314,536
393,572
273,767
267,720
-42,630
458,233
667,222
322,395
overdraft
change in cash
-341,340
-1,335,028
750,435
-1,681,323
23,107
17,486
930,876
-314,536
393,572
273,767
267,720
-42,630
458,233
667,222
322,395
freeway uk insurance services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for freeway uk insurance services limited. Get real-time insights into freeway uk insurance services limited's credit score, group structure and payment trends.
Freeway Uk Insurance Services Limited Competitor Analysis
Perform a competitor analysis for freeway uk insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in WA7 area or any other competitors across 12 key performance metrics.
freeway uk insurance services limited Ownership
FREEWAY UK INSURANCE SERVICES LIMITED group structure
Freeway Uk Insurance Services Limited has no subsidiary companies.
Ultimate parent company
FREEWAY UK INSURANCE SERVICES LIMITED
04030245
FREEWAY UK INSURANCE SERVICES LIMITED Shareholders
The largest shareholders in Freeway Uk Insurance Services Limited include Tracey Louise Mccracken and Paul Mccracken.
tracey louise mccracken
50%
paul mccracken
50%
freeway uk insurance services limited directors
Freeway Uk Insurance Services Limited currently has 4 directors.
The longest serving directors include
Ms Tracey McCracken (Feb 2008) and
Mr Paul McCracken (Aug 2017).
freeway uk insurance services limited company details
company number
04030245
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
July 2000
age
25
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
freeway (north west) insurance services ltd (October 2008)
i.p.s. insurance consultants ltd. (May 2001)
accountant
-
auditor
-
address
unit 4, abbots park monks way, preston brook, runcorn, cheshire, WA7 3GH
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
freeway uk insurance services 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 freeway uk insurance services limited. Currently there are 0 open charges and 1 have been satisfied in the past.
freeway uk insurance services 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.
Click to start generating capital raising & share issue transactions for FREEWAY UK INSURANCE SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
freeway uk insurance services limitedCompanies House Filings - See Documents
