1 Answer Insurance Services Ltd.

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1 answer insurance services ltd. Company Information

Live

MatureSmallDeclining

Company Number

04201623

Website

www.1answer.co.uk

Registered Address

unit a1 chaucer business park, dittons road, polegate, east sussex, BN26 6JF

Industry

Non-life insurance

Telephone

08007815007

Next Accounts Due

December 2025

Group Structure

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Directors

Paul Muir23 Years

Trevor Cutts16 Years

Shareholders

paul eric muir 49%

angela pary muir 26%

View All

1 answer insurance services ltd. Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of 1 ANSWER INSURANCE SERVICES LTD. at £2.7m based on an EBITDA of £291k and a 9.12x industry multiple (adjusted for size and gross margin).

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1 Answer Insurance Services Ltd. is a live company located in polegate, BN26 6JF with a Companies House number of 04201623. It operates in the non-life insurance sector, SIC Code 65120. Founded in April 2001, it's largest shareholder is paul eric muir with a 49% stake. 1 Answer Insurance Services Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded 1 Answer Insurance Services Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £2.9m, make it larger than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (10.4%)

EXPORT

1 Answer Insurance Services Ltd.'s latest turnover from March 2024 is estimated at £2.9 million and the company has net assets of £241 thousand. According to their latest financial statements, 1 Answer Insurance Services Ltd. has 67 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,867,676	2,842,886	3,047,645	3,000,439	3,300,663	4,026,224	4,091,246	3,587,978	3,589,855	3,058,867	1,893,225	1,792,977	1,175,864	727,019	578,696
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	18,206	43,601	102,119	95,244	143,286	240,206	278,972	335,216	339,779	524,871	397,643	445,897	272,400	190,747	151,099
Gross Profit	2,849,470	2,799,284	2,945,527	2,905,196	3,157,376	3,786,018	3,812,274	3,252,762	3,250,076	2,533,997	1,495,582	1,347,079	903,464	536,272	427,597
Admin Expenses	2,588,622	2,996,937	3,084,888	3,052,354	2,896,113	3,876,757	3,592,029	3,340,336	3,357,560	2,236,745	1,437,436	1,273,224	813,017	439,290	356,667
Operating Profit	260,848	-197,653	-139,361	-147,158	261,263	-90,739	220,245	-87,574	-107,484	297,252	58,146	73,855	90,447	96,982	70,930
Interest Payable	0	0	0	0	0	3,535	9,658	6,013	0	0	0	0	15,518	12,431	10,284
Interest Receivable	54,249	34,395	6,819	1,041	742	3,892	3,525	1,792	1,523	1,486	2,348	2,089	0	0	0
Pre-Tax Profit	315,097	-163,258	-132,542	-146,117	262,005	-90,382	214,112	-91,795	-105,962	298,738	60,494	75,945	90,447	96,982	70,930
Tax	-78,774	0	0	0	-49,781	0	-40,681	0	0	-62,735	-13,914	-18,227	-18,586	-10,531	-14,387
Profit After Tax	236,323	-163,258	-132,542	-146,117	212,224	-90,382	173,431	-91,795	-105,962	236,003	46,580	57,718	71,861	86,451	56,543
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	90,000	62,000	59,066
Retained Profit	236,323	-163,258	-132,542	-146,117	212,224	-90,382	173,431	-91,795	-105,962	236,003	46,580	57,718	-18,139	24,451	-2,523
Employee Costs	4,093,511	4,166,223	4,620,699	4,363,480	4,577,243	5,454,482	5,574,459	5,322,185	5,334,529	1,106,954	716,527	689,816	515,715	296,961	241,243
Number Of Employees	67	80	88	88	96	110	113	109	111	23	15	15	11	7	5
EBITDA*	290,954	-169,816	-116,293	-131,600	281,673	-66,082	311,712	61,533	-21,516	357,088	83,667	91,252	94,429	104,459	73,986

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	100,571	108,360	93,552	57,332	71,028	83,975	101,252	116,017	132,686	134,422	77,243	66,741	70,204	55,829	12,390
Intangible Assets	0	0	0	0	0	0	0	62,500	179,167	229,167	0	0	0	0	0
Investments & Other	300	300	300	300	300	300	300	300	300	300	300	0	40,000	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	100,871	108,660	93,852	57,632	71,328	84,275	101,552	178,817	312,153	363,889	77,543	66,741	110,204	55,829	12,390
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	12,082	13,943	5,772	12,052	2,082	32,371	50,692	5,127	510	1,507,199	993,092	941,368	17,713	288	5,138
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,279,013	1,417,313	1,277,869	1,381,855	1,353,457	1,599,807	1,540,693	1,116,173	930,475	0	0	0	30,184	4,330	1,100
Cash	1,289,945	880,011	738,579	1,079,886	1,002,247	482,397	555,446	854,618	578,995	30,004	564,408	374,686	461,076	499,660	233,466
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,581,040	2,311,267	2,022,220	2,473,793	2,357,786	2,114,575	2,146,831	1,975,918	1,509,980	1,537,203	1,557,500	1,316,054	508,973	504,278	239,704
total assets	2,681,911	2,419,927	2,116,072	2,531,425	2,429,114	2,198,850	2,248,383	2,154,735	1,822,133	1,901,092	1,635,043	1,382,795	619,177	560,107	252,094
Bank overdraft	0	0	0	0	0	0	104,732	192,422	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	148,805	144,583	117,237	89,740	98,219	62,246	0	109,116	116,427	1,533,072	1,508,963	1,317,197	453,169	374,677	161,978
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	3,828
other current liabilities	2,148,736	2,068,375	1,815,311	2,132,485	1,875,176	1,891,661	1,806,090	1,687,358	1,451,254	0	0	0	158,128	159,411	83,935
total current liabilities	2,297,541	2,212,958	1,932,548	2,222,225	1,973,395	1,953,907	1,910,822	1,988,896	1,567,681	1,533,072	1,508,963	1,317,197	611,297	534,088	249,741
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	785
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	120,000	190,000	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	23,367	12,289	15,586	8,720	9,122	10,570	12,806	14,515	11,333	18,939	13,002	0	0	0	0
total long term liabilities	143,367	202,289	15,586	8,720	9,122	10,570	12,806	14,515	11,333	18,939	13,002	0	0	0	785
total liabilities	2,440,908	2,415,247	1,948,134	2,230,945	1,982,517	1,964,477	1,923,628	2,003,411	1,579,014	1,552,011	1,521,965	1,317,197	611,297	534,088	250,526
net assets	241,003	4,680	167,938	300,480	446,597	234,373	324,755	151,324	243,119	349,081	113,078	65,598	7,880	26,019	1,568
total shareholders funds	241,003	4,680	167,938	300,480	446,597	234,373	324,755	151,324	243,119	349,081	113,078	65,598	7,880	26,019	1,568

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	260,848	-197,653	-139,361	-147,158	261,263	-90,739	220,245	-87,574	-107,484	297,252	58,146	73,855	90,447	96,982	70,930
Depreciation	30,106	27,837	23,068	15,558	20,410	24,657	28,967	32,440	35,968	39,003	25,521	17,397	3,982	7,477	3,056
Amortisation	0	0	0	0	0	0	62,500	116,667	50,000	20,833	0	0	0	0	0
Tax	-78,774	0	0	0	-49,781	0	-40,681	0	0	-62,735	-13,914	-18,227	-18,586	-10,531	-14,387
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-140,161	147,615	-110,266	38,368	-276,639	40,793	470,085	190,315	-576,214	514,107	51,724	893,471	43,279	-1,620	6,238
Creditors	4,222	27,346	27,497	-8,479	35,973	62,246	-109,116	-7,311	-1,416,645	24,109	191,766	864,028	78,492	212,699	161,978
Accruals and Deferred Income	80,361	253,064	-317,174	257,309	-16,485	85,571	118,732	236,104	1,451,254	0	0	-158,128	-1,283	75,476	83,935
Deferred Taxes & Provisions	11,078	-3,297	6,866	-402	-1,448	-2,236	-1,709	3,182	-7,606	5,937	13,002	0	0	0	0
Cash flow from operations	448,002	-40,318	-288,838	78,460	526,571	38,706	-191,147	103,193	581,701	-189,708	222,797	-114,546	109,773	383,723	299,274
Investing Activities
capital expenditure	-22,317	-42,645	-59,288	-1,862	-7,463	-7,380	-14,202	-15,771	-34,232	-346,182	-36,023	-13,934	-18,357	-50,916	-15,446
Change in Investments	0	0	0	0	0	0	0	0	0	0	300	-40,000	40,000	0	0
cash flow from investments	-22,317	-42,645	-59,288	-1,862	-7,463	-7,380	-14,202	-15,771	-34,232	-346,182	-36,323	26,066	-58,357	-50,916	-15,446
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-4,613	4,613
other long term liabilities	-70,000	190,000	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	900	0	0	0	4,091
interest	54,249	34,395	6,819	1,041	742	357	-6,133	-4,221	1,523	1,486	2,348	2,089	-15,518	-12,431	-10,284
cash flow from financing	-15,751	224,395	6,819	1,041	742	357	-6,133	-4,221	1,523	1,486	3,248	2,089	-15,518	-17,044	-1,580
cash and cash equivalents
cash	409,934	141,432	-341,307	77,639	519,850	-73,049	-299,172	275,623	548,991	-534,404	189,722	-86,390	-38,584	266,194	233,466
overdraft	0	0	0	0	0	-104,732	-87,690	192,422	0	0	0	0	0	0	0
change in cash	409,934	141,432	-341,307	77,639	519,850	31,683	-211,482	83,201	548,991	-534,404	189,722	-86,390	-38,584	266,194	233,466

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for 1 answer insurance services ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in BN26 area or any other competitors across 12 key performance metrics.

1 ANSWER INSURANCE SERVICES LTD. group structure

1 Answer Insurance Services Ltd. has no subsidiary companies.

Ultimate parent company

1 ANSWER INSURANCE SERVICES LTD.

04201623

1 ANSWER INSURANCE SERVICES LTD. Shareholders

paul eric muir	49%
angela pary muir	26%
trevor david cutts	25%

1 Answer Insurance Services Ltd. currently has 2 directors. The longest serving directors include Mr Paul Muir (Apr 2001) and Mr Trevor Cutts (Sep 2008).

officer	country	age	start	end	role
Mr Paul Muir	United Kingdom	59 years	Apr 2001	-	Director
Mr Trevor Cutts	United Kingdom	53 years	Sep 2008	-	Director

P&L

March 2024

turnover

2.9m

+1%

operating profit

260.8k

gross margin

99.4%

+0.91%

turnover

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

Balance Sheet

March 2024

net assets

241k

+50.5%

total assets

2.7m

+0.11%

cash

1.3m

+0.47%

net assets

Total assets minus all liabilities

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company number

04201623

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

April 2001

ultimate parent company

None

previous names

N/A

address

unit a1 chaucer business park, dittons road, polegate, east sussex, BN26 6JF

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 2 charges/mortgages relating to 1 answer insurance services ltd.. Currently there are 2 open charges and 0 have been satisfied in the past.

1 answer insurance services ltd. Company Information

1 answer insurance services ltd. Estimated Valuation

1 answer insurance services ltd. Estimated Valuation

1 answer insurance services ltd. Estimated Valuation

1 Answer Insurance Services Ltd. Overview

1 Answer Insurance Services Ltd. Health Check

1 ANSWER INSURANCE SERVICES LTD. financials

1 answer insurance services ltd. Credit Report and Business Information

1 Answer Insurance Services Ltd. Competitor Analysis

1 answer insurance services ltd. Ownership

1 answer insurance services ltd. directors

1 answer insurance services ltd. company details

1 answer insurance services ltd. Charges & Mortgages

1 answer insurance services ltd. Companies House Filings - See Documents