hiscox connect limited
hiscox connect limited Company Information
Company Number
04081672
Next Accounts
Sep 2025
Shareholders
hiscox plc
Group Structure
View All
Industry
Other activities auxiliary to insurance and pension funding
Registered Address
22 bishopsgate, london, EC2N 4BQ
Website
https://www.hiscox.com/hiscox connect limited Estimated Valuation
Pomanda estimates the enterprise value of HISCOX CONNECT LIMITED at £61.6m based on a Turnover of £39.8m and 1.55x industry multiple (adjusted for size and gross margin).
hiscox connect limited Estimated Valuation
Pomanda estimates the enterprise value of HISCOX CONNECT LIMITED at £67.8m based on an EBITDA of £6.9m and a 9.85x industry multiple (adjusted for size and gross margin).
hiscox connect limited Estimated Valuation
Pomanda estimates the enterprise value of HISCOX CONNECT LIMITED at £0 based on Net Assets of £-90.2m and 2.06x industry multiple (adjusted for liquidity).
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Hiscox Connect Limited Overview
Hiscox Connect Limited is a live company located in london, EC2N 4BQ with a Companies House number of 04081672. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in October 2000, it's largest shareholder is hiscox plc with a 100% stake. Hiscox Connect Limited is a mature, large sized company, Pomanda has estimated its turnover at £39.8m with high growth in recent years.
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Hiscox Connect Limited Health Check
Pomanda's financial health check has awarded Hiscox Connect Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
2 Weak
Size
annual sales of £39.8m, make it larger than the average company (£1.7m)
£39.8m - Hiscox Connect Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (7%)
29% - Hiscox Connect Limited
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Hiscox Connect Limited
100% - Industry AVG
Profitability
an operating margin of 17.3% make it more profitable than the average company (10.4%)
17.3% - Hiscox Connect Limited
10.4% - Industry AVG
Employees
with 321 employees, this is above the industry average (9)
- Hiscox Connect Limited
9 - Industry AVG
Pay Structure
on an average salary of £2.8k, the company has a lower pay structure (£59.8k)
- Hiscox Connect Limited
£59.8k - Industry AVG
Efficiency
resulting in sales per employee of £124k, this is equally as efficient (£124.2k)
- Hiscox Connect Limited
£124.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Hiscox Connect Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hiscox Connect Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hiscox Connect Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (42 weeks)
0 weeks - Hiscox Connect Limited
42 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3140.7%, this is a higher level of debt than the average (55.3%)
3140.7% - Hiscox Connect Limited
55.3% - Industry AVG
HISCOX CONNECT LIMITED financials
Hiscox Connect Limited's latest turnover from December 2023 is £39.8 million and the company has net assets of -£90.2 million. According to their latest financial statements, we estimate that Hiscox Connect Limited has 321 employees and maintains cash reserves of £378 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 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 39,795,000 | 32,202,000 | 14,193,000 | 18,585,000 | 22,083,000 | 23,274,000 | 21,353,000 | 18,734,000 | 71,543,000 | 15,774,000 | 14,178,000 | 13,125,000 | 13,453,000 | 1,429,000 | 55,399,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 6,993,000 | 8,947,000 | 2,025,000 | 3,643,000 | 3,115,000 | -33,124,000 | -34,055,000 | -26,127,000 | 26,354,000 | -17,230,000 | -16,244,000 | -13,305,000 | -6,965,000 | -11,202,000 | 44,100,000 |
| Tax | -1,822,000 | -852,000 | -384,000 | -963,000 | -1,007,000 | 1,044,000 | 718,000 | 5,226,000 | 5,739,000 | 3,703,000 | 3,776,000 | 3,260,000 | 1,846,000 | 3,137,000 | 2,713,000 |
| Profit After Tax | 5,171,000 | 8,095,000 | 1,641,000 | 2,680,000 | 2,108,000 | -32,080,000 | -33,337,000 | -20,901,000 | 32,093,000 | -13,527,000 | -12,468,000 | -10,045,000 | -5,119,000 | -8,065,000 | 46,813,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 5,171,000 | 8,095,000 | 1,641,000 | 2,680,000 | 2,108,000 | -32,080,000 | -33,337,000 | -20,901,000 | 32,093,000 | -13,527,000 | -12,468,000 | -10,045,000 | -5,119,000 | -8,065,000 | 46,813,000 |
| Employee Costs | 887,000 | 810,000 | 1,432,000 | 1,387,000 | 1,748,000 | 1,264,000 | 1,114,000 | 955,000 | 426,000 | 107,000 | 443,000 | 54,458,000 | |||
| Number Of Employees | 4 | ||||||||||||||
| 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 | 2,587,000 | 2,397,000 | 3,773,000 | 13,922,000 | |||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,586,000 | 2,396,000 | 3,773,000 | 13,922,000 | |||||||||||
| Debtors (Due After 1 year) | 1,000 | 1,000 | |||||||||||||
| Total Fixed Assets | 2,587,000 | 2,397,000 | 3,773,000 | 13,922,000 | |||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 5,653,000 | 21,271,000 | 9,364,000 | 2,031,000 | 6,257,000 | 5,556,000 | 4,480,000 | 28,225,000 | 13,817,000 | 6,441,000 | |||||
| Misc Debtors | 195,000 | 59,000 | 188,000 | ||||||||||||
| Cash | 378,000 | 268,000 | 302,000 | 3,093,000 | 749,000 | 50,000 | 383,000 | 37,000 | 266,000 | 335,000 | 221,000 | 117,000 | 222,000 | 101,000 | 142,000 |
| misc current assets | 1,973,000 | 10,965,000 | 9,442,000 | 7,480,000 | 7,036,000 | 5,106,000 | 4,983,000 | 5,848,000 | 10,087,000 | ||||||
| total current assets | 378,000 | 268,000 | 2,276,000 | 3,093,000 | 749,000 | 5,898,000 | 21,654,000 | 20,366,000 | 11,739,000 | 14,072,000 | 12,813,000 | 9,762,000 | 33,618,000 | 19,766,000 | 16,670,000 |
| total assets | 2,965,000 | 2,665,000 | 2,276,000 | 6,866,000 | 14,671,000 | 5,898,000 | 21,654,000 | 20,366,000 | 11,739,000 | 14,072,000 | 12,813,000 | 9,762,000 | 33,618,000 | 19,766,000 | 16,670,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 62,586,000 | 68,195,000 | 72,255,000 | 76,711,000 | 90,806,000 | 91,065,000 | 81,734,000 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 30,535,000 | 29,797,000 | 33,443,000 | 35,218,000 | 31,608,000 | 24,684,000 | 17,691,000 | 53,000 | 211,000 | 100,000 | 2,747,000 | ||||
| total current liabilities | 93,121,000 | 97,992,000 | 105,698,000 | 111,929,000 | 122,414,000 | 115,749,000 | 99,425,000 | 53,000 | 211,000 | 100,000 | 2,747,000 | ||||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 44,475,000 | 14,947,000 | 49,373,000 | 34,587,000 | 19,015,000 | 32,668,000 | 13,808,000 | ||||||||
| provisions | |||||||||||||||
| total long term liabilities | 44,475,000 | 14,947,000 | 49,373,000 | 34,587,000 | 19,015,000 | 32,668,000 | 13,808,000 | ||||||||
| total liabilities | 93,121,000 | 97,992,000 | 105,698,000 | 111,929,000 | 122,414,000 | 115,749,000 | 99,425,000 | 44,475,000 | 14,947,000 | 49,373,000 | 34,587,000 | 19,068,000 | 32,879,000 | 13,908,000 | 2,747,000 |
| net assets | -90,156,000 | -95,327,000 | -103,422,000 | -105,063,000 | -107,743,000 | -109,851,000 | -77,771,000 | -24,109,000 | -3,208,000 | -35,301,000 | -21,774,000 | -9,306,000 | 739,000 | 5,858,000 | 13,923,000 |
| total shareholders funds | -90,156,000 | -95,327,000 | -103,422,000 | -105,063,000 | -107,743,000 | -109,851,000 | -77,771,000 | -24,109,000 | -3,208,000 | -35,301,000 | -21,774,000 | -9,306,000 | 739,000 | 5,858,000 | 13,923,000 |
| 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 | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -1,822,000 | -852,000 | -384,000 | -963,000 | -1,007,000 | 1,044,000 | 718,000 | 5,226,000 | 5,739,000 | 3,703,000 | 3,776,000 | 3,260,000 | 1,846,000 | 3,137,000 | 2,713,000 |
| Stock | |||||||||||||||
| Debtors | 1,000 | -5,848,000 | -15,423,000 | 11,907,000 | 7,333,000 | -4,226,000 | 701,000 | 1,017,000 | -23,874,000 | 14,596,000 | 7,376,000 | 6,441,000 | |||
| Creditors | |||||||||||||||
| Accruals and Deferred Income | 738,000 | -3,646,000 | -1,775,000 | 3,610,000 | 6,924,000 | 6,993,000 | 17,691,000 | -53,000 | -158,000 | 111,000 | -2,647,000 | 2,747,000 | |||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 190,000 | 2,396,000 | -3,773,000 | -10,149,000 | 13,922,000 | ||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -5,609,000 | -4,060,000 | -4,456,000 | -14,095,000 | -259,000 | 9,331,000 | 81,734,000 | ||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -44,475,000 | 29,528,000 | -34,426,000 | 14,786,000 | 15,572,000 | -13,653,000 | 18,860,000 | 13,808,000 | |||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -5,609,000 | -4,060,000 | -4,456,000 | -14,095,000 | -259,000 | 9,331,000 | 16,934,000 | 29,528,000 | -34,426,000 | 14,786,000 | 15,572,000 | -13,653,000 | 18,860,000 | 13,808,000 | -32,890,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 110,000 | -34,000 | -2,791,000 | 2,344,000 | 699,000 | -333,000 | 346,000 | -229,000 | -69,000 | 114,000 | 104,000 | -105,000 | 121,000 | -41,000 | 142,000 |
| overdraft | |||||||||||||||
| change in cash | 110,000 | -34,000 | -2,791,000 | 2,344,000 | 699,000 | -333,000 | 346,000 | -229,000 | -69,000 | 114,000 | 104,000 | -105,000 | 121,000 | -41,000 | 142,000 |
hiscox connect limited Credit Report and Business Information
Hiscox Connect Limited Competitor Analysis
Perform a competitor analysis for hiscox connect limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2N area or any other competitors across 12 key performance metrics.
hiscox connect limited Ownership
HISCOX CONNECT LIMITED group structure
Hiscox Connect Limited has no subsidiary companies.
hiscox connect limited directors
Hiscox Connect Limited currently has 3 directors. The longest serving directors include Mr Thomas Shewry (Feb 2020) and Miss Clare Murray (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Shewry | United Kingdom | 50 years | Feb 2020 | - | Director |
| Miss Clare Murray | United Kingdom | 44 years | May 2023 | - | Director |
| Mr Timothy Buchanan | United Kingdom | 54 years | Jul 2024 | - | Director |
P&L
December 2023turnover
39.8m
+24%
operating profit
6.9m
0%
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
-90.2m
-0.05%
total assets
3m
+0.11%
cash
378k
+0.41%
net assets
Total assets minus all liabilities
hiscox connect limited company details
company number
04081672
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
October 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
minmar (539) limited (December 2000)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
22 bishopsgate, london, EC2N 4BQ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
hiscox connect 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 did not find charges/mortgages relating to hiscox connect limited.
hiscox connect 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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hiscox connect limited Companies House Filings - See Documents
| date | description | view/download |
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