blagrove underwriting agency limited
blagrove underwriting agency limited Company Information
Company Number
04209302
Next Accounts
Sep 2025
Shareholders
andrew john l'estrange wallace
stuart timmins
Group Structure
View All
Industry
Non-life insurance
Registered Address
the long barn the long barn, priory lane, burford, oxfordshire, OX18 4SG
Website
www.blagrove.comblagrove underwriting agency limited Estimated Valuation
Pomanda estimates the enterprise value of BLAGROVE UNDERWRITING AGENCY LIMITED at £3.1m based on a Turnover of £4.7m and 0.65x industry multiple (adjusted for size and gross margin).
blagrove underwriting agency limited Estimated Valuation
Pomanda estimates the enterprise value of BLAGROVE UNDERWRITING AGENCY LIMITED at £0 based on an EBITDA of £-169.3k and a 7.76x industry multiple (adjusted for size and gross margin).
blagrove underwriting agency limited Estimated Valuation
Pomanda estimates the enterprise value of BLAGROVE UNDERWRITING AGENCY LIMITED at £520.6k based on Net Assets of £306.1k and 1.7x industry multiple (adjusted for liquidity).
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Blagrove Underwriting Agency Limited Overview
Blagrove Underwriting Agency Limited is a live company located in burford, OX18 4SG with a Companies House number of 04209302. It operates in the non-life insurance sector, SIC Code 65120. Founded in May 2001, it's largest shareholder is andrew john l'estrange wallace with a 90% stake. Blagrove Underwriting Agency Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.7m with rapid growth in recent years.
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Blagrove Underwriting Agency Limited Health Check
Pomanda's financial health check has awarded Blagrove Underwriting Agency Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £4.7m, make it larger than the average company (£2.1m)
- Blagrove Underwriting Agency Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 63%, show it is growing at a faster rate (8.6%)
- Blagrove Underwriting Agency Limited
8.6% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Blagrove Underwriting Agency Limited
100% - Industry AVG
Profitability
an operating margin of -3.6% make it less profitable than the average company (17.7%)
- Blagrove Underwriting Agency Limited
17.7% - Industry AVG
Employees
with 29 employees, this is similar to the industry average (26)
29 - Blagrove Underwriting Agency Limited
26 - Industry AVG
Pay Structure
on an average salary of £65.4k, the company has an equivalent pay structure (£65.4k)
- Blagrove Underwriting Agency Limited
£65.4k - Industry AVG
Efficiency
resulting in sales per employee of £163.5k, this is equally as efficient (£163.5k)
- Blagrove Underwriting Agency Limited
£163.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Blagrove Underwriting Agency Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Blagrove Underwriting Agency Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Blagrove Underwriting Agency Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (18 weeks)
28 weeks - Blagrove Underwriting Agency Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95%, this is a higher level of debt than the average (81.5%)
95% - Blagrove Underwriting Agency Limited
81.5% - Industry AVG
BLAGROVE UNDERWRITING AGENCY LIMITED financials
Blagrove Underwriting Agency Limited's latest turnover from December 2023 is estimated at £4.7 million and the company has net assets of £306.1 thousand. According to their latest financial statements, Blagrove Underwriting Agency Limited has 29 employees and maintains cash reserves of £3.1 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 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,138,044 | 1,329,974 | 1,087,322 | 648,149 | 399,979 | 1,705 | 390,066 | 183,383 | 148,186 | 116,569 | 64,057 | 71,457 | 57,963 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 0 | 0 | 1,915 | 0 | 0 | 0 | 0 | 0 | |||||||
| Gross Profit | 2,138,044 | 1,329,974 | 1,085,407 | 648,149 | 399,979 | 1,705 | 390,066 | 183,383 | |||||||
| Admin Expenses | 2,135,933 | 1,336,991 | 1,066,539 | 646,903 | 380,590 | 106,985 | 183,774 | 189,803 | |||||||
| Operating Profit | 2,111 | -7,017 | 18,868 | 1,246 | 19,389 | -105,280 | 206,292 | -6,420 | 10,018 | 76,202 | 31,698 | ||||
| Interest Payable | 61 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 216 | 1,434 | 2,112 | 367 | 1 | 8 | 21 | 31 | 38 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 2,050 | -6,801 | 20,302 | 3,358 | 19,756 | -10,279 | 206,300 | -6,399 | 10,049 | 76,240 | 31,698 | 23,571 | 45,177 | ||
| Tax | -2,299 | -2,716 | -3,105 | -1,812 | -4,519 | 11,649 | -47,325 | -2,519 | -4,020 | -19,281 | -6,068 | -4,653 | -9,488 | ||
| Profit After Tax | -249 | -9,517 | 17,197 | 1,546 | 15,237 | 1,370 | 158,975 | -8,918 | 6,029 | 56,959 | 25,630 | 18,918 | 35,689 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -249 | -9,517 | 17,197 | 1,546 | 15,237 | 1,370 | 158,975 | -8,918 | 6,029 | 56,959 | 25,630 | 18,918 | 35,689 | ||
| Employee Costs | 5,000 | ||||||||||||||
| Number Of Employees | 29 | 25 | 25 | 17 | 13 | ||||||||||
| EBITDA* | 3,453 | -3,376 | 23,035 | 5,413 | 19,914 | -105,280 | 206,292 | -6,420 | 14,549 | 80,914 | 36,501 |
* 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 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,254 | 2,684 | 0 | 3,641 | 7,808 | 11,975 | 0 | 0 | 0 | 0 | 4,531 | 9,242 | 14,045 | 725 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 95,793 | 95,794 | 38,524 | 0 | 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 | 18,828 | 0 | 0 | 0 |
| Total Fixed Assets | 99,047 | 98,478 | 38,524 | 3,641 | 7,808 | 11,975 | 0 | 0 | 0 | 0 | 4,531 | 28,070 | 14,045 | 725 | 0 |
| 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 | 0 | 0 | 0 | 0 | 24,664 |
| Group Debtors | 532,445 | 309,711 | 1,030,530 | 80,779 | 140,000 | 338,753 | 105,488 | 109,033 | 26,385 | 85,385 | 113,885 | 113,885 | 114,323 | 0 | 0 |
| Misc Debtors | 2,367,537 | 1,569,236 | 1,484,073 | 878,078 | 862,880 | 236,865 | 227,934 | 295,260 | 276,185 | 101,423 | 32,702 | 0 | 0 | 75,193 | 26,209 |
| Cash | 3,148,122 | 1,843,933 | 1,959,404 | 2,033,401 | 542,187 | 152,976 | 4,843 | 22,126 | 16,180 | 49,725 | 249,926 | 17,297 | 14,885 | 25,341 | 4,231 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,048,104 | 3,722,880 | 4,474,007 | 2,992,258 | 1,545,067 | 728,594 | 338,265 | 426,419 | 318,750 | 236,533 | 396,513 | 131,182 | 129,208 | 100,534 | 55,104 |
| total assets | 6,147,151 | 3,821,358 | 4,512,531 | 2,995,899 | 1,552,875 | 740,569 | 338,265 | 426,419 | 318,750 | 236,533 | 401,044 | 159,252 | 143,253 | 101,259 | 55,104 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 755 | 143 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,490,177 | 3,277,953 | 3,319,964 | 2,627,462 | 0 | 0 | 0 | 549 | 143,474 | 45,665 | 212,498 | 549 | 13,727 | 1,369 | 9,614 |
| Group/Directors Accounts | 165,857 | 77,908 | 808,750 | 0 | 85,150 | 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 | 0 |
| other current liabilities | 185,045 | 121,140 | 39,211 | 14,314 | 1,130,799 | 405,109 | 18,122 | 107,097 | 15,478 | 21,734 | 24,687 | 25,788 | 9,718 | 18,559 | 0 |
| total current liabilities | 5,841,079 | 3,477,001 | 4,167,925 | 2,641,776 | 1,215,949 | 405,109 | 18,122 | 107,646 | 158,952 | 67,399 | 237,940 | 26,480 | 23,445 | 19,928 | 9,614 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,335 | 39,560 | 20,000 | 20,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 80 | 0 | 0 | 0 | 418 | 418 | 1,709 | 152 | 152 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 80 | 0 | 0 | 0 | 418 | 418 | 27,044 | 39,712 | 20,152 | 20,000 |
| total liabilities | 5,841,079 | 3,477,001 | 4,167,925 | 2,641,776 | 1,215,949 | 405,189 | 18,122 | 107,646 | 158,952 | 67,817 | 238,358 | 53,524 | 63,157 | 40,080 | 29,614 |
| net assets | 306,072 | 344,357 | 344,606 | 354,123 | 336,926 | 335,380 | 320,143 | 318,773 | 159,798 | 168,716 | 162,686 | 105,728 | 80,096 | 61,179 | 25,490 |
| total shareholders funds | 306,072 | 344,357 | 344,606 | 354,123 | 336,926 | 335,380 | 320,143 | 318,773 | 159,798 | 168,716 | 162,686 | 105,728 | 80,096 | 61,179 | 25,490 |
| 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 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,111 | -7,017 | 18,868 | 1,246 | 19,389 | -105,280 | 206,292 | -6,420 | 10,018 | 76,202 | 31,698 | ||||
| Depreciation | 1,342 | 3,641 | 4,167 | 4,167 | 525 | 0 | 0 | 0 | 4,531 | 4,712 | 4,803 | 4,806 | 98 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -2,299 | -2,716 | -3,105 | -1,812 | -4,519 | 11,649 | -47,325 | -2,519 | -4,020 | -19,281 | -6,068 | -4,653 | -9,488 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,021,035 | -635,656 | 1,555,746 | -44,023 | 427,262 | 242,196 | -70,871 | 101,723 | 115,762 | 40,221 | 13,874 | 18,390 | 39,130 | 75,193 | 50,873 |
| Creditors | 2,212,224 | -42,011 | 692,502 | 2,627,462 | 0 | 0 | -549 | -142,925 | 97,809 | -166,833 | 211,949 | -13,178 | 12,358 | 1,369 | 9,614 |
| Accruals and Deferred Income | 63,905 | 81,929 | 24,897 | -1,116,485 | 725,690 | 386,987 | -88,975 | 91,619 | -6,256 | -2,953 | -1,101 | 16,070 | -8,841 | 18,559 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -80 | 80 | 0 | 0 | -418 | 0 | -1,291 | 1,557 | 0 | 152 | 0 |
| Cash flow from operations | 676,728 | -844,439 | 1,574,930 | 301,949 | 160,266 | -112,284 | 5,938 | -33,566 | -199,478 | 257,316 | 16,492 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1 | 57,270 | 38,524 | 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 | 87,949 | -730,842 | 808,750 | -85,150 | 85,150 | 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 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,335 | -14,225 | 19,560 | 20,000 | 20,000 |
| share issue | |||||||||||||||
| interest | -61 | 216 | 1,434 | 2,112 | 367 | 1 | 8 | 21 | 31 | 0 | 0 | 0 | |||
| cash flow from financing | -730,903 | 808,966 | -83,716 | 87,262 | 367 | 1 | 8 | 21 | 32 | -14,223 | 19,559 | 45,490 | |||
| cash and cash equivalents | |||||||||||||||
| cash | 1,304,189 | -115,471 | -73,997 | 1,491,214 | 389,211 | 148,133 | -17,283 | 5,946 | -33,545 | -200,201 | 232,629 | 2,412 | -10,456 | 25,341 | 4,231 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -755 | 612 | 143 | 0 | 0 | 0 |
| change in cash | 1,304,189 | -115,471 | -73,997 | 1,491,214 | 389,211 | 148,133 | -17,283 | 5,946 | -33,545 | -199,446 | 232,017 | 2,269 | -10,456 | 25,341 | 4,231 |
blagrove underwriting agency limited Credit Report and Business Information
Blagrove Underwriting Agency Limited Competitor Analysis
Perform a competitor analysis for blagrove underwriting agency limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in OX18 area or any other competitors across 12 key performance metrics.
blagrove underwriting agency limited Ownership
BLAGROVE UNDERWRITING AGENCY LIMITED group structure
Blagrove Underwriting Agency Limited has no subsidiary companies.
Ultimate parent company
BLAGROVE UNDERWRITING AGENCY LIMITED
04209302
blagrove underwriting agency limited directors
Blagrove Underwriting Agency Limited currently has 2 directors. The longest serving directors include Mr Andrew Wallace (May 2001) and Mr Stuart Timmins (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Wallace | 68 years | May 2001 | - | Director | |
| Mr Stuart Timmins | England | 66 years | Oct 2022 | - | Director |
P&L
December 2023turnover
4.7m
+122%
operating profit
-169.3k
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
306.1k
-0.11%
total assets
6.1m
+0.61%
cash
3.1m
+0.71%
net assets
Total assets minus all liabilities
blagrove underwriting agency limited company details
company number
04209302
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
May 2001
age
24
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
wallace blagrove underwriting agency limited (December 2009)
accountant
-
auditor
-
address
the long barn the long barn, priory lane, burford, oxfordshire, OX18 4SG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
blagrove 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 did not find charges/mortgages relating to blagrove underwriting agency limited.
blagrove underwriting agency limited Capital Raised & Share Issues BETA
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blagrove underwriting agency limited Companies House Filings - See Documents
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