cincinnati global underwriting agency limited

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cincinnati global underwriting agency limited Company Information

Share CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED

Company Number

04039137

Directors

Derek Eales

Graham Tuck

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Shareholders

cincinnati global underwriting limited

Group Structure

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Industry

Non-life insurance

 

Registered Address

third floor, one minster court, mincing lane, london, EC3R 7AA

cincinnati global underwriting agency limited Estimated Valuation

£14.5m

Pomanda estimates the enterprise value of CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED at £14.5m based on a Turnover of £17.3m and 0.84x industry multiple (adjusted for size and gross margin).

cincinnati global underwriting agency limited Estimated Valuation

£63.8m

Pomanda estimates the enterprise value of CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED at £63.8m based on an EBITDA of £6.8m and a 9.45x industry multiple (adjusted for size and gross margin).

cincinnati global underwriting agency limited Estimated Valuation

£49.9m

Pomanda estimates the enterprise value of CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED at £49.9m based on Net Assets of £29.6m and 1.68x industry multiple (adjusted for liquidity).

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Cincinnati Global Underwriting Agency Limited Overview

Cincinnati Global Underwriting Agency Limited is a live company located in mincing lane, EC3R 7AA with a Companies House number of 04039137. It operates in the non-life insurance sector, SIC Code 65120. Founded in July 2000, it's largest shareholder is cincinnati global underwriting limited with a 100% stake. Cincinnati Global Underwriting Agency Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.3m with rapid growth in recent years.

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Cincinnati Global Underwriting Agency Limited Health Check

Pomanda's financial health check has awarded Cincinnati Global Underwriting Agency Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £17.3m, make it larger than the average company (£2.1m)

£17.3m - Cincinnati Global Underwriting Agency Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 170%, show it is growing at a faster rate (8.7%)

170% - Cincinnati Global Underwriting Agency Limited

8.7% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Cincinnati Global Underwriting Agency Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 38% make it more profitable than the average company (17.6%)

38% - Cincinnati Global Underwriting Agency Limited

17.6% - Industry AVG

employees

Employees

with 74 employees, this is above the industry average (26)

74 - Cincinnati Global Underwriting Agency Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £137.1k, the company has a higher pay structure (£65.4k)

£137.1k - Cincinnati Global Underwriting Agency Limited

£65.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £233.3k, this is more efficient (£163.6k)

£233.3k - Cincinnati Global Underwriting Agency Limited

£163.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Cincinnati Global Underwriting Agency Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Cincinnati Global Underwriting Agency Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cincinnati Global Underwriting Agency Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (18 weeks)

14 weeks - Cincinnati Global Underwriting Agency Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 27.2%, this is a lower level of debt than the average (81.5%)

27.2% - Cincinnati Global Underwriting Agency Limited

81.5% - Industry AVG

CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED financials

EXPORTms excel logo

Cincinnati Global Underwriting Agency Limited's latest turnover from December 2023 is £17.3 million and the company has net assets of £29.6 million. According to their latest financial statements, Cincinnati Global Underwriting Agency Limited has 74 employees and maintains cash reserves of £2.9 million 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
Turnover17,267,1254,962,8942,862,263872,4952,160,7091,522,8874,701,9548,679,0849,810,8409,888,2006,384,5207,280,9135,274,3033,368,4001,526,037
Other Income Or Grants000000000000000
Cost Of Sales0033700043,700268,612949,6391,724,2381,585,1881,810,6981,425,831993,7610
Gross Profit17,267,1254,962,8942,861,926872,4952,160,7091,522,8874,658,2548,410,4728,861,2018,163,9624,799,3325,470,2153,848,4722,374,6390
Admin Expenses10,708,9915,426,0141,706,1842,032,2083,941,0961,318,1272,881,0433,814,5113,704,3654,638,6512,074,9702,080,9731,117,008-68,854-775,090
Operating Profit6,558,134-463,1201,155,742-1,159,713-1,780,387204,7601,777,2114,595,9615,156,8363,525,3112,724,3623,389,2422,731,4642,443,493775,090
Interest Payable000000000006,932000
Interest Receivable467,789192,16283,03317,7316,71410,93641,35782,54441,72232,50822,76720,30128,68032,43191,323
Pre-Tax Profit7,025,923-270,9581,238,775-1,141,982-1,773,673215,6961,818,5684,678,5055,198,5583,557,8192,747,1293,402,6112,760,1442,475,924866,413
Tax-590,993-110,920197,967450,159-3,288-61,116-344,616-963,987-1,103,055-810,830-729,280-907,186-705,435-722,761-242,665
Profit After Tax6,434,930-381,8781,436,742-691,823-1,776,961154,5801,473,9523,714,5184,095,5032,746,9892,017,8492,495,4252,054,7091,753,163623,748
Dividends Paid00000000000000750,000
Retained Profit6,434,930-381,8781,436,742-691,823-1,776,961154,5801,473,9523,714,5184,095,5032,746,9892,017,8492,495,4252,054,7091,753,163-126,252
Employee Costs10,148,9104,742,2469,637,6949,143,2139,678,6236,547,1008,547,0959,549,91210,418,37111,578,1399,287,2128,392,2792,225,861670,790529,846
Number Of Employees746561515052515252514949424561
EBITDA*6,756,288-238,9511,347,020-1,082,592-1,764,275216,5401,796,3244,621,4315,187,3193,554,5172,782,9923,472,1612,924,6202,640,362984,509

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets400,261459,163555,094438,029103,65822,2186,76725,88047,22041,60543,82672,41252,641176,277298,842
Intangible Assets00000000000025,00050,00016,666
Investments & Other000000000000000
Debtors (Due After 1 year)12,872,18411,906,8858,964,4708,656,541641,148003,346,5163,514,7084,629,2633,263,0864,028,9491,476,6001,501,0000
Total Fixed Assets13,272,44512,366,0489,519,5649,094,570744,80622,2186,7673,372,3963,561,9284,670,8683,306,9124,101,3611,554,2411,727,277315,508
Stock & work in progress000000000000000
Trade Debtors00000000002,482,2973,605,8492,711,306807,6791,418,227
Group Debtors16,986,71012,479,39412,512,92213,476,90120,691,49525,210,64516,857,1682,021,3445,221,0791,756,6202,600,0422,603,2652,687,5431,985,434250,128
Misc Debtors7,531,4061,431,0901,871,692755,848770,681793,5217,092,8597,797,31310,159,2987,951,3146,271,6053,891,0153,829,536346,725264,388
Cash2,919,1011,175,7402,352,515823,9102,908,1351,056,5115,926,52818,291,98412,472,42315,559,5849,560,9435,471,1073,194,4248,118,2136,307,399
misc current assets000000000000000
total current assets27,437,21715,086,22416,737,12915,056,65924,370,31127,060,67729,876,55528,110,64127,852,80025,267,51820,914,88715,571,23612,422,80911,258,0518,240,142
total assets40,709,66227,452,27226,256,69324,151,22925,115,11727,082,89529,883,32231,483,03731,414,72829,938,38624,221,79919,672,59713,977,05012,985,3288,555,650
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 000000000000000
Group/Directors Accounts49,7809924,98611,51825,24512001,800,2103,441,6135,531,2694,673,3803,501,9781,919,0214,805,9523,030,423
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities10,638,3233,899,2362,317,6851,641,9491,914,7192,130,3125,084,9925,052,2747,090,6006,419,9665,440,8153,830,1153,981,6942,014,7891,292,550
total current liabilities10,688,1033,900,2282,322,6711,653,4671,939,9642,130,4325,084,9926,852,48410,532,21311,951,23510,114,1957,332,0935,900,7156,820,7414,322,973
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income170,151135,566135,666136,148136,705137,054137,5011,443,6761,410,1562,610,2951,687,7371,938,486169,742312,703133,956
other liabilities000000000000000
provisions224,989224,989224,989224,989210,000210,000210,000210,000210,000210,00000000
total long term liabilities395,140360,555360,655361,137346,705347,054347,5011,653,6761,620,1562,820,2951,687,7371,938,486169,742312,703133,956
total liabilities11,083,2434,260,7832,683,3262,014,6042,286,6692,477,4865,432,4938,506,16012,152,36914,771,53011,801,9329,270,5796,070,4577,133,4444,456,929
net assets29,626,41923,191,48923,573,36722,136,62522,828,44824,605,40924,450,82922,976,87719,262,35915,166,85612,419,86710,402,0187,906,5935,851,8844,098,721
total shareholders funds29,626,41923,191,48923,573,36722,136,62522,828,44824,605,40924,450,82922,976,87719,262,35915,166,85612,419,86710,402,0187,906,5935,851,8844,098,721
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit6,558,134-463,1201,155,742-1,159,713-1,780,387204,7601,777,2114,595,9615,156,8363,525,3112,724,3623,389,2422,731,4642,443,493775,090
Depreciation198,154224,169191,27877,12116,11211,78019,11325,47030,48329,20658,63057,919168,156155,203192,752
Amortisation0000000000025,00025,00041,66616,667
Tax-590,993-110,920197,967450,159-3,288-61,116-344,616-963,987-1,103,055-810,830-729,280-907,186-705,435-722,761-242,665
Stock000000000000000
Debtors11,572,9312,468,285459,794785,966-3,900,8422,054,13910,784,854-5,729,9124,557,888-279,833487,9523,424,0936,064,1472,708,0951,932,743
Creditors000000000000000
Accruals and Deferred Income6,773,6721,581,451675,254-273,327-215,942-2,955,127-1,273,457-2,004,806-529,5051,901,7091,359,9511,617,1651,823,944900,9861,426,506
Deferred Taxes & Provisions00014,98900000210,00000000
Cash flow from operations1,366,036-1,236,7051,760,447-1,676,7371,917,337-4,853,842-10,606,6037,382,550-1,003,1295,135,2292,925,711758,047-2,021,018110,492235,607
Investing Activities
capital expenditure-139,252-128,238-308,343-411,492-97,552-27,2310-4,130-36,098-26,985-30,044-77,690-44,520-107,638-524,927
Change in Investments000000000000000
cash flow from investments-139,252-128,238-308,343-411,492-97,552-27,2310-4,130-36,098-26,985-30,044-77,690-44,520-107,638-524,927
Financing Activities
Bank loans000000000000000
Group/Directors Accounts48,788-3,994-6,532-13,72725,125120-1,800,210-1,641,403-2,089,656857,8891,171,4021,582,957-2,886,9311,775,5293,030,423
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000000004,224,973
interest467,789192,16283,03317,7316,71410,93641,35782,54441,72232,50822,76713,36928,68032,43191,323
cash flow from financing516,577188,16876,5014,00431,83911,056-1,758,853-1,558,859-2,047,934890,3971,194,1691,596,326-2,858,2511,807,9607,346,719
cash and cash equivalents
cash1,743,361-1,176,7751,528,605-2,084,2251,851,624-4,870,017-12,365,4565,819,561-3,087,1615,998,6414,089,8362,276,683-4,923,7891,810,8146,307,399
overdraft000000000000000
change in cash1,743,361-1,176,7751,528,605-2,084,2251,851,624-4,870,017-12,365,4565,819,561-3,087,1615,998,6414,089,8362,276,683-4,923,7891,810,8146,307,399

cincinnati global underwriting agency 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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Cincinnati Global Underwriting Agency Limited Competitor Analysis

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Perform a competitor analysis for cincinnati global underwriting agency limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3R area or any other competitors across 12 key performance metrics.

cincinnati global underwriting agency limited Ownership

CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED group structure

Cincinnati Global Underwriting Agency Limited has no subsidiary companies.

Ultimate parent company

CINCINNATI FINANCIAL CORPORATION

#0099381

2 parents

CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED

04039137

CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED Shareholders

cincinnati global underwriting limited 100%

cincinnati global underwriting agency limited directors

Cincinnati Global Underwriting Agency Limited currently has 7 directors. The longest serving directors include Mr Derek Eales (Mar 2004) and Mr Graham Tuck (Mar 2004).

officercountryagestartendrole
Mr Derek Eales59 years Mar 2004- Director
Mr Graham Tuck50 years Mar 2004- Director
Mr Mark Langston49 years Dec 2015- Director
Mr Richard Pexton66 years May 2016- Director
Ms Teresa Cracas49 years Feb 2019- Director
Mr Gilles Bonvarlet61 years Jun 2022- Director
Ms Rebecca Scott46 years Aug 2022- Director

P&L

December 2023

turnover

17.3m

+248%

operating profit

6.6m

-1516%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

29.6m

+0.28%

total assets

40.7m

+0.48%

cash

2.9m

+1.48%

net assets

Total assets minus all liabilities

cincinnati global underwriting agency limited company details

company number

04039137

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

July 2000

age

25

incorporated

UK

ultimate parent company

CINCINNATI FINANCIAL CORPORATION

accounts

Full Accounts

last accounts submitted

December 2023

previous names

beaufort underwriting agency limited (April 2019)

ensign managing agency limited (March 2004)

accountant

-

auditor

DELOITTE LLP

address

third floor, one minster court, mincing lane, london, EC3R 7AA

Bank

LLOYDS TSB BANK PLC

Legal Advisor

BIRKETTS

cincinnati global underwriting agency 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 cincinnati global underwriting agency limited. Currently there are 0 open charges and 1 have been satisfied in the past.

cincinnati global underwriting agency 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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cincinnati global underwriting agency limited Companies House Filings - See Documents

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