1 answer insurance services ltd. Company Information
Company Number
04201623
Website
www.1answer.co.ukRegistered 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
View All
Shareholders
paul eric muir 49%
angela pary muir 26%
View All1 answer insurance services ltd. Estimated Valuation
Pomanda estimates the enterprise value of 1 ANSWER INSURANCE SERVICES LTD. at £1.8m based on a Turnover of £2.9m and 0.62x industry multiple (adjusted for size and gross margin).
1 answer insurance services ltd. Estimated Valuation
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).
1 answer insurance services ltd. Estimated Valuation
Pomanda estimates the enterprise value of 1 ANSWER INSURANCE SERVICES LTD. at £355.7k based on Net Assets of £241k and 1.48x industry multiple (adjusted for liquidity).
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1 Answer Insurance Services Ltd. Overview
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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1 Answer Insurance Services Ltd. Health Check
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
5 Strong
2 Regular
4 Weak
Size
annual sales of £2.9m, make it larger than the average company (£2.2m)
- 1 Answer Insurance Services Ltd.
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (10.4%)
- 1 Answer Insurance Services Ltd.
10.4% - Industry AVG
Production
with a gross margin of 99.4%, this company has a comparable cost of product (99.4%)
- 1 Answer Insurance Services Ltd.
99.4% - Industry AVG
Profitability
an operating margin of 9.1% make it less profitable than the average company (17.8%)
- 1 Answer Insurance Services Ltd.
17.8% - Industry AVG
Employees
with 67 employees, this is above the industry average (34)
67 - 1 Answer Insurance Services Ltd.
34 - Industry AVG
Pay Structure
on an average salary of £61.1k, the company has an equivalent pay structure (£61.1k)
- 1 Answer Insurance Services Ltd.
£61.1k - Industry AVG
Efficiency
resulting in sales per employee of £42.8k, this is less efficient (£165.8k)
- 1 Answer Insurance Services Ltd.
£165.8k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (206 days)
- 1 Answer Insurance Services Ltd.
206 days - Industry AVG
Creditor Days
its suppliers are paid after 2983 days, this is slower than average (272 days)
- 1 Answer Insurance Services Ltd.
272 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 1 Answer Insurance Services Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (17 weeks)
29 weeks - 1 Answer Insurance Services Ltd.
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91%, this is a higher level of debt than the average (79.8%)
91% - 1 Answer Insurance Services Ltd.
79.8% - Industry AVG
1 ANSWER INSURANCE SERVICES LTD. financials
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 | 1,175,864 | 727,019 | 578,696 | ||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 90,447 | 96,982 | 70,930 | ||||||||||||
Interest Payable | 15,518 | 12,431 | 10,284 | ||||||||||||
Interest Receivable | 0 | 0 | 0 | ||||||||||||
Pre-Tax Profit | 90,447 | 96,982 | 70,930 | ||||||||||||
Tax | -18,586 | -10,531 | -14,387 | ||||||||||||
Profit After Tax | 71,861 | 86,451 | 56,543 | ||||||||||||
Dividends Paid | 90,000 | 62,000 | 59,066 | ||||||||||||
Retained Profit | -18,139 | 24,451 | -2,523 | ||||||||||||
Employee Costs | 515,715 | 296,961 | 241,243 | ||||||||||||
Number Of Employees | 67 | 80 | 88 | 88 | 96 | 110 | 113 | 109 | 111 | ||||||
EBITDA* | 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 | 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 | -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 | 109,773 | 383,723 | 299,274 | ||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300 | -40,000 | 40,000 | 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 | 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 | |||||||||||||||
interest | -15,518 | -12,431 | -10,284 | ||||||||||||
cash flow from financing | -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 |
1 answer insurance services ltd. Credit Report and Business Information
1 Answer Insurance Services Ltd. Competitor Analysis
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. Ownership
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. directors
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 2024turnover
2.9m
+1%
operating profit
260.8k
0%
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 2024net assets
241k
+50.5%
total assets
2.7m
+0.11%
cash
1.3m
+0.47%
net assets
Total assets minus all liabilities
1 answer insurance services ltd. company details
company number
04201623
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
April 2001
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
unit a1 chaucer business park, dittons road, polegate, east sussex, BN26 6JF
Bank
-
Legal Advisor
-
1 answer insurance services ltd. 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 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. Companies House Filings - See Documents
date | description | view/download |
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