cincinnati global underwriting agency limited Company Information
Company Number
04039137
Next Accounts
Sep 2025
Shareholders
cincinnati global underwriting limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
third floor, one minster court, mincing lane, london, EC3R 7AA
Website
http://beaufort-group.comcincinnati global underwriting agency limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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.
Upgrade for unlimited company reports & a free credit check
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


6 Strong

1 Regular

2 Weak

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
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
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
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
with 74 employees, this is above the industry average (26)
74 - Cincinnati Global Underwriting Agency Limited
26 - Industry AVG

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
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

Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cincinnati Global Underwriting Agency Limited
- - Industry AVG

Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cincinnati Global Underwriting Agency Limited
- - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cincinnati Global Underwriting Agency Limited
- - Industry AVG

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

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

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 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 | 17,267,125 | 4,962,894 | 2,862,263 | 872,495 | 2,160,709 | 1,522,887 | 4,701,954 | 8,679,084 | 9,810,840 | 9,888,200 | 6,384,520 | 7,280,913 | 5,274,303 | 3,368,400 | 1,526,037 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 6,558,134 | -463,120 | 1,155,742 | -1,159,713 | -1,780,387 | 204,760 | 1,777,211 | 4,595,961 | 5,156,836 | 3,525,311 | 2,724,362 | 3,389,242 | 2,731,464 | 2,443,493 | 775,090 |
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,932 | 0 | 0 | 0 |
Interest Receivable | 467,789 | 192,162 | 83,033 | 17,731 | 6,714 | 10,936 | 41,357 | 82,544 | 41,722 | 32,508 | 22,767 | 20,301 | 28,680 | 32,431 | 91,323 |
Pre-Tax Profit | 7,025,923 | -270,958 | 1,238,775 | -1,141,982 | -1,773,673 | 215,696 | 1,818,568 | 4,678,505 | 5,198,558 | 3,557,819 | 2,747,129 | 3,402,611 | 2,760,144 | 2,475,924 | 866,413 |
Tax | -590,993 | -110,920 | 197,967 | 450,159 | -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 Tax | 6,434,930 | -381,878 | 1,436,742 | -691,823 | -1,776,961 | 154,580 | 1,473,952 | 3,714,518 | 4,095,503 | 2,746,989 | 2,017,849 | 2,495,425 | 2,054,709 | 1,753,163 | 623,748 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 750,000 |
Retained Profit | 6,434,930 | -381,878 | 1,436,742 | -691,823 | -1,776,961 | 154,580 | 1,473,952 | 3,714,518 | 4,095,503 | 2,746,989 | 2,017,849 | 2,495,425 | 2,054,709 | 1,753,163 | -126,252 |
Employee Costs | 10,148,910 | 4,742,246 | 9,637,694 | 9,143,213 | 9,678,623 | 6,547,100 | 8,547,095 | 9,549,912 | 10,418,371 | 11,578,139 | 9,287,212 | 8,392,279 | 2,225,861 | 670,790 | 529,846 |
Number Of Employees | 74 | 65 | 61 | 51 | 50 | 52 | 51 | 52 | 52 | 51 | 49 | 49 | 42 | 45 | 61 |
EBITDA* | 6,756,288 | -238,951 | 1,347,020 | -1,082,592 | -1,764,275 | 216,540 | 1,796,324 | 4,621,431 | 5,187,319 | 3,554,517 | 2,782,992 | 3,472,161 | 2,924,620 | 2,640,362 | 984,509 |
* 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 | 400,261 | 459,163 | 555,094 | 438,029 | 103,658 | 22,218 | 6,767 | 25,880 | 47,220 | 41,605 | 43,826 | 72,412 | 52,641 | 176,277 | 298,842 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 50,000 | 16,666 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 12,872,184 | 11,906,885 | 8,964,470 | 8,656,541 | 641,148 | 0 | 0 | 3,346,516 | 3,514,708 | 4,629,263 | 3,263,086 | 4,028,949 | 1,476,600 | 1,501,000 | 0 |
Total Fixed Assets | 13,272,445 | 12,366,048 | 9,519,564 | 9,094,570 | 744,806 | 22,218 | 6,767 | 3,372,396 | 3,561,928 | 4,670,868 | 3,306,912 | 4,101,361 | 1,554,241 | 1,727,277 | 315,508 |
Stock & work in progress | 0 | 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 | 2,482,297 | 3,605,849 | 2,711,306 | 807,679 | 1,418,227 |
Group Debtors | 16,986,710 | 12,479,394 | 12,512,922 | 13,476,901 | 20,691,495 | 25,210,645 | 16,857,168 | 2,021,344 | 5,221,079 | 1,756,620 | 2,600,042 | 2,603,265 | 2,687,543 | 1,985,434 | 250,128 |
Misc Debtors | 7,531,406 | 1,431,090 | 1,871,692 | 755,848 | 770,681 | 793,521 | 7,092,859 | 7,797,313 | 10,159,298 | 7,951,314 | 6,271,605 | 3,891,015 | 3,829,536 | 346,725 | 264,388 |
Cash | 2,919,101 | 1,175,740 | 2,352,515 | 823,910 | 2,908,135 | 1,056,511 | 5,926,528 | 18,291,984 | 12,472,423 | 15,559,584 | 9,560,943 | 5,471,107 | 3,194,424 | 8,118,213 | 6,307,399 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 27,437,217 | 15,086,224 | 16,737,129 | 15,056,659 | 24,370,311 | 27,060,677 | 29,876,555 | 28,110,641 | 27,852,800 | 25,267,518 | 20,914,887 | 15,571,236 | 12,422,809 | 11,258,051 | 8,240,142 |
total assets | 40,709,662 | 27,452,272 | 26,256,693 | 24,151,229 | 25,115,117 | 27,082,895 | 29,883,322 | 31,483,037 | 31,414,728 | 29,938,386 | 24,221,799 | 19,672,597 | 13,977,050 | 12,985,328 | 8,555,650 |
Bank overdraft | 0 | 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 | 0 |
Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 49,780 | 992 | 4,986 | 11,518 | 25,245 | 120 | 0 | 1,800,210 | 3,441,613 | 5,531,269 | 4,673,380 | 3,501,978 | 1,919,021 | 4,805,952 | 3,030,423 |
other short term finances | 0 | 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 | 0 |
other current liabilities | 10,638,323 | 3,899,236 | 2,317,685 | 1,641,949 | 1,914,719 | 2,130,312 | 5,084,992 | 5,052,274 | 7,090,600 | 6,419,966 | 5,440,815 | 3,830,115 | 3,981,694 | 2,014,789 | 1,292,550 |
total current liabilities | 10,688,103 | 3,900,228 | 2,322,671 | 1,653,467 | 1,939,964 | 2,130,432 | 5,084,992 | 6,852,484 | 10,532,213 | 11,951,235 | 10,114,195 | 7,332,093 | 5,900,715 | 6,820,741 | 4,322,973 |
loans | 0 | 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 | 0 |
Accruals and Deferred Income | 170,151 | 135,566 | 135,666 | 136,148 | 136,705 | 137,054 | 137,501 | 1,443,676 | 1,410,156 | 2,610,295 | 1,687,737 | 1,938,486 | 169,742 | 312,703 | 133,956 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 224,989 | 224,989 | 224,989 | 224,989 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 395,140 | 360,555 | 360,655 | 361,137 | 346,705 | 347,054 | 347,501 | 1,653,676 | 1,620,156 | 2,820,295 | 1,687,737 | 1,938,486 | 169,742 | 312,703 | 133,956 |
total liabilities | 11,083,243 | 4,260,783 | 2,683,326 | 2,014,604 | 2,286,669 | 2,477,486 | 5,432,493 | 8,506,160 | 12,152,369 | 14,771,530 | 11,801,932 | 9,270,579 | 6,070,457 | 7,133,444 | 4,456,929 |
net assets | 29,626,419 | 23,191,489 | 23,573,367 | 22,136,625 | 22,828,448 | 24,605,409 | 24,450,829 | 22,976,877 | 19,262,359 | 15,166,856 | 12,419,867 | 10,402,018 | 7,906,593 | 5,851,884 | 4,098,721 |
total shareholders funds | 29,626,419 | 23,191,489 | 23,573,367 | 22,136,625 | 22,828,448 | 24,605,409 | 24,450,829 | 22,976,877 | 19,262,359 | 15,166,856 | 12,419,867 | 10,402,018 | 7,906,593 | 5,851,884 | 4,098,721 |
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 | 6,558,134 | -463,120 | 1,155,742 | -1,159,713 | -1,780,387 | 204,760 | 1,777,211 | 4,595,961 | 5,156,836 | 3,525,311 | 2,724,362 | 3,389,242 | 2,731,464 | 2,443,493 | 775,090 |
Depreciation | 198,154 | 224,169 | 191,278 | 77,121 | 16,112 | 11,780 | 19,113 | 25,470 | 30,483 | 29,206 | 58,630 | 57,919 | 168,156 | 155,203 | 192,752 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 25,000 | 41,666 | 16,667 |
Tax | -590,993 | -110,920 | 197,967 | 450,159 | -3,288 | -61,116 | -344,616 | -963,987 | -1,103,055 | -810,830 | -729,280 | -907,186 | -705,435 | -722,761 | -242,665 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 11,572,931 | 2,468,285 | 459,794 | 785,966 | -3,900,842 | 2,054,139 | 10,784,854 | -5,729,912 | 4,557,888 | -279,833 | 487,952 | 3,424,093 | 6,064,147 | 2,708,095 | 1,932,743 |
Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 6,773,672 | 1,581,451 | 675,254 | -273,327 | -215,942 | -2,955,127 | -1,273,457 | -2,004,806 | -529,505 | 1,901,709 | 1,359,951 | 1,617,165 | 1,823,944 | 900,986 | 1,426,506 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 14,989 | 0 | 0 | 0 | 0 | 0 | 210,000 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 1,366,036 | -1,236,705 | 1,760,447 | -1,676,737 | 1,917,337 | -4,853,842 | -10,606,603 | 7,382,550 | -1,003,129 | 5,135,229 | 2,925,711 | 758,047 | -2,021,018 | 110,492 | 235,607 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 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 | 0 |
Group/Directors Accounts | 48,788 | -3,994 | -6,532 | -13,727 | 25,125 | 120 | -1,800,210 | -1,641,403 | -2,089,656 | 857,889 | 1,171,402 | 1,582,957 | -2,886,931 | 1,775,529 | 3,030,423 |
Other Short Term Loans | 0 | 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 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 467,789 | 192,162 | 83,033 | 17,731 | 6,714 | 10,936 | 41,357 | 82,544 | 41,722 | 32,508 | 22,767 | 13,369 | 28,680 | 32,431 | 91,323 |
cash flow from financing | 516,577 | 188,168 | 76,501 | 4,004 | 31,839 | 11,056 | -1,758,853 | -1,558,859 | -2,047,934 | 890,397 | 1,194,169 | 1,596,326 | -2,858,251 | 1,807,960 | 7,346,719 |
cash and cash equivalents | |||||||||||||||
cash | 1,743,361 | -1,176,775 | 1,528,605 | -2,084,225 | 1,851,624 | -4,870,017 | -12,365,456 | 5,819,561 | -3,087,161 | 5,998,641 | 4,089,836 | 2,276,683 | -4,923,789 | 1,810,814 | 6,307,399 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,743,361 | -1,176,775 | 1,528,605 | -2,084,225 | 1,851,624 | -4,870,017 | -12,365,456 | 5,819,561 | -3,087,161 | 5,998,641 | 4,089,836 | 2,276,683 | -4,923,789 | 1,810,814 | 6,307,399 |
cincinnati global underwriting agency limited Credit Report and Business Information
Cincinnati Global Underwriting Agency Limited Competitor Analysis

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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Derek Eales | 59 years | Mar 2004 | - | Director | |
Mr Graham Tuck | 50 years | Mar 2004 | - | Director | |
Mr Mark Langston | 49 years | Dec 2015 | - | Director | |
Mr Richard Pexton | 66 years | May 2016 | - | Director | |
Ms Teresa Cracas | 49 years | Feb 2019 | - | Director | |
Mr Gilles Bonvarlet | 61 years | Jun 2022 | - | Director | |
Ms Rebecca Scott | 46 years | Aug 2022 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
Click to start generating capital raising & share issue transactions for CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED. This can take several minutes, an email will notify you when this has completed.
cincinnati global underwriting agency limited Companies House Filings - See Documents
date | description | view/download |
---|