mgb insurance brokers limited
mgb insurance brokers limited Company Information
Company Number
04122305
Website
www.mgbib.comRegistered Address
6 bevis marks, london, EC3A 7BA
Industry
Non-life insurance
Telephone
02072832393
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
oxford insurance group limited 100%
mgb insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of MGB INSURANCE BROKERS LIMITED at £3.2m based on a Turnover of £5m and 0.64x industry multiple (adjusted for size and gross margin).
mgb insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of MGB INSURANCE BROKERS LIMITED at £0 based on an EBITDA of £-64.8k and a 9.37x industry multiple (adjusted for size and gross margin).
mgb insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of MGB INSURANCE BROKERS LIMITED at £1.5m based on Net Assets of £1m and 1.48x industry multiple (adjusted for liquidity).
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Mgb Insurance Brokers Limited Overview
Mgb Insurance Brokers Limited is a dissolved company that was located in london, EC3A 7BA with a Companies House number of 04122305. It operated in the non-life insurance sector, SIC Code 65120. Founded in December 2000, it's largest shareholder was oxford insurance group limited with a 100% stake. The last turnover for Mgb Insurance Brokers Limited was estimated at £5m.
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Mgb Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Mgb Insurance Brokers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £5m, make it larger than the average company (£1.6m)
£5m - Mgb Insurance Brokers Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.7%)
11% - Mgb Insurance Brokers Limited
6.7% - Industry AVG
Production
with a gross margin of 95.6%, this company has a comparable cost of product (95.6%)
95.6% - Mgb Insurance Brokers Limited
95.6% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (12.4%)
-1.5% - Mgb Insurance Brokers Limited
12.4% - Industry AVG
Employees
with 30 employees, this is similar to the industry average (32)
30 - Mgb Insurance Brokers Limited
32 - Industry AVG
Pay Structure
on an average salary of £88.1k, the company has a higher pay structure (£54.7k)
£88.1k - Mgb Insurance Brokers Limited
£54.7k - Industry AVG
Efficiency
resulting in sales per employee of £166.6k, this is equally as efficient (£161.1k)
£166.6k - Mgb Insurance Brokers Limited
£161.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mgb Insurance Brokers Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (152 days)
0 days - Mgb Insurance Brokers Limited
152 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mgb Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (16 weeks)
51 weeks - Mgb Insurance Brokers Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.7%, this is a similar level of debt than the average (90.9%)
86.7% - Mgb Insurance Brokers Limited
90.9% - Industry AVG
MGB INSURANCE BROKERS LIMITED financials
Mgb Insurance Brokers Limited's latest turnover from December 2019 is £5 million and the company has net assets of £1 million. According to their latest financial statements, Mgb Insurance Brokers Limited has 30 employees and maintains cash reserves of £6.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,998,344 | 3,850,213 | 3,761,823 | 3,609,524 | 3,113,520 | 2,821,226 | 2,421,345 | 2,302,965 | 2,401,903 | 2,338,335 | 2,476,931 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | ||||||
| Gross Profit | 3,850,213 | 3,761,823 | 3,609,524 | 3,113,520 | 2,821,226 | ||||||
| Admin Expenses | 3,451,703 | 3,451,548 | 3,257,017 | 3,055,562 | 2,328,946 | ||||||
| Operating Profit | -77,611 | 398,510 | 310,275 | 352,507 | 57,958 | 492,280 | 50,756 | -36,788 | -11,994 | -33,799 | -23,732 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 14,114 | 5,623 | 1,254 | 6,627 | 11,116 | 9,683 | 2,922 | 315 | 1,252 | 1,253 | 3,439 |
| Pre-Tax Profit | -63,497 | 404,133 | 311,529 | 359,134 | 69,074 | 501,963 | 53,678 | -36,473 | -10,742 | -32,546 | -20,293 |
| Tax | -135,525 | -115,345 | -72,423 | -90,135 | -20,980 | -100,961 | -17,923 | 3,143 | -4,600 | -2,521 | -5,991 |
| Profit After Tax | -199,022 | 288,788 | 239,106 | 268,999 | 48,094 | 401,002 | 35,755 | -33,330 | -15,342 | -35,067 | -26,284 |
| Dividends Paid | 0 | 0 | 200,000 | 250,000 | 450,000 | 0 | 900,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -199,022 | 288,788 | 39,106 | 18,999 | -401,906 | 401,002 | -864,245 | -33,330 | -15,342 | -35,067 | -26,284 |
| Employee Costs | 2,643,966 | 2,279,955 | 2,185,159 | 2,067,785 | 1,794,872 | 1,509,998 | 1,476,206 | 1,580,304 | 1,484,486 | 1,629,363 | |
| Number Of Employees | 30 | 31 | 34 | 35 | 30 | 24 | 24 | 25 | 27 | 28 | |
| EBITDA* | -64,771 | 436,411 | 350,178 | 397,250 | 96,501 | 523,507 | 59,784 | -31,518 | -4,450 | -23,452 | -8,033 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,884 | 23,724 | 58,274 | 97,492 | 109,250 | 133,441 | 0 | 9,028 | 14,298 | 21,392 | 31,739 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,884 | 23,724 | 58,274 | 97,492 | 109,250 | 133,441 | 0 | 9,028 | 14,298 | 21,392 | 31,739 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 994,779 | 759,547 | 658,087 | 736,692 | 729,527 | 1,764,082 | 1,275,694 | 1,400,373 | 1,620,051 | 1,553,877 |
| Group Debtors | 4,524 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 442,366 |
| Misc Debtors | 1,106,990 | 105,585 | 318,985 | 318,427 | 202,419 | 173,741 | 191,305 | 102,109 | 150,232 | 76,412 | 101,756 |
| Cash | 6,681,620 | 4,070,162 | 3,831,653 | 190,671 | 102,937 | 523,626 | 2,309,857 | 3,318,342 | 3,522,744 | 3,559,523 | 2,721,906 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,793,134 | 5,170,526 | 4,910,185 | 1,167,185 | 1,042,048 | 1,426,894 | 4,265,244 | 4,696,145 | 5,073,349 | 5,255,986 | 4,819,905 |
| total assets | 7,804,018 | 5,194,250 | 4,968,459 | 1,264,677 | 1,151,298 | 1,560,335 | 4,265,244 | 4,705,173 | 5,087,647 | 5,277,378 | 4,851,644 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 22 | 3,188,099 | 3,583,428 | 6,146 | 43,246 | 43,429 | 3,378,821 | 2,990,315 | 3,361,191 | 3,514,575 | 2,982,977 |
| Group/Directors Accounts | 761,023 | 106,855 | 5,297 | 941 | 2,567 | 0 | 24,544 | 17,683 | 0 | 131,009 | 227,384 |
| other short term finances | 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 |
| other current liabilities | 5,946,019 | 661,481 | 537,957 | 562,169 | 429,063 | 438,578 | 184,553 | 155,604 | 151,555 | 41,551 | 25,973 |
| total current liabilities | 6,707,064 | 3,956,435 | 4,126,682 | 569,256 | 474,876 | 482,007 | 3,587,918 | 3,163,602 | 3,512,746 | 3,687,135 | 3,236,334 |
| loans | 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 |
| Accruals and Deferred Income | 58,161 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 58,161 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,765,225 | 3,956,435 | 4,126,682 | 569,256 | 474,876 | 482,007 | 3,587,918 | 3,163,602 | 3,512,746 | 3,687,135 | 3,236,334 |
| net assets | 1,038,793 | 1,237,815 | 841,777 | 695,421 | 676,422 | 1,078,328 | 677,326 | 1,541,571 | 1,574,901 | 1,590,243 | 1,615,310 |
| total shareholders funds | 1,038,793 | 1,237,815 | 841,777 | 695,421 | 676,422 | 1,078,328 | 677,326 | 1,541,571 | 1,574,901 | 1,590,243 | 1,615,310 |
| 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 | -77,611 | 398,510 | 310,275 | 352,507 | 57,958 | 492,280 | 50,756 | -36,788 | -11,994 | -33,799 | -23,732 |
| Depreciation | 12,840 | 37,901 | 39,903 | 44,743 | 38,543 | 31,227 | 9,028 | 5,270 | 7,544 | 10,347 | 15,699 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -135,525 | -115,345 | -72,423 | -90,135 | -20,980 | -100,961 | -17,923 | 3,143 | -4,600 | -2,521 | -5,991 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,150 | 21,832 | 102,018 | 37,403 | 35,843 | -1,052,119 | 577,584 | -172,802 | -145,858 | -401,536 | 2,097,999 |
| Creditors | -3,188,077 | -395,329 | 3,577,282 | -37,100 | -183 | -3,335,392 | 388,506 | -370,876 | -153,384 | 531,598 | 2,982,977 |
| Accruals and Deferred Income | 5,342,699 | 123,524 | -24,212 | 133,106 | -9,515 | 254,025 | 28,949 | 4,049 | 110,004 | 15,578 | 25,973 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,943,176 | 27,429 | 3,728,807 | 365,718 | 29,980 | -1,606,702 | -118,268 | -222,400 | 93,428 | 922,739 | 896,927 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | -450 | 0 | -5,367 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -450 | 0 | -5,367 | |||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 654,168 | 101,558 | 4,356 | -1,626 | 2,567 | -24,544 | 6,861 | 17,683 | -131,009 | -96,375 | 227,384 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | 14,114 | 5,623 | 1,254 | 6,627 | 11,116 | 9,683 | 2,922 | 315 | 1,252 | 1,253 | 3,439 |
| cash flow from financing | 668,282 | 214,431 | 112,860 | 5,001 | 13,683 | -14,861 | 9,783 | 17,998 | -129,757 | -85,122 | 1,872,417 |
| cash and cash equivalents | |||||||||||
| cash | 2,611,458 | 238,509 | 3,640,982 | 87,734 | -420,689 | -1,786,231 | -1,008,485 | -204,402 | -36,779 | 837,617 | 2,721,906 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,611,458 | 238,509 | 3,640,982 | 87,734 | -420,689 | -1,786,231 | -1,008,485 | -204,402 | -36,779 | 837,617 | 2,721,906 |
mgb insurance brokers limited Credit Report and Business Information
Mgb Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for mgb insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in EC3A area or any other competitors across 12 key performance metrics.
mgb insurance brokers limited Ownership
MGB INSURANCE BROKERS LIMITED group structure
Mgb Insurance Brokers Limited has no subsidiary companies.
Ultimate parent company
US RISK LLC
#0135784
2 parents
MGB INSURANCE BROKERS LIMITED
04122305
mgb insurance brokers limited directors
Mgb Insurance Brokers Limited currently has 4 directors. The longest serving directors include Mr Nicholas Bender (Mar 2001) and Mr James Begley (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Bender | 65 years | Mar 2001 | - | Director | |
| Mr James Begley | 56 years | Oct 2018 | - | Director | |
| Mr Randall Goss | England | 71 years | Nov 2018 | - | Director |
| Mr Graham Miller | England | 57 years | Feb 2020 | - | Director |
P&L
December 2019turnover
5m
+30%
operating profit
-77.6k
-119%
gross margin
95.6%
-4.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
1m
-0.16%
total assets
7.8m
+0.5%
cash
6.7m
+0.64%
net assets
Total assets minus all liabilities
mgb insurance brokers limited company details
company number
04122305
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
December 2000
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
senior wright indemnity limited (December 2013)
mutanderis (404) limited (April 2001)
accountant
-
auditor
ERNST & YOUNG LLP
address
6 bevis marks, london, EC3A 7BA
Bank
HSBC BANK PLC
Legal Advisor
-
mgb insurance brokers 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 mgb insurance brokers limited.
mgb insurance brokers limited Companies House Filings - See Documents
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