sompo worldwide holdings limited

sompo worldwide holdings limited Company Information

Share SOMPO WORLDWIDE HOLDINGS LIMITED
Live 
MatureMicroDeclining

Company Number

04413520

Industry

Other activities auxiliary to insurance and pension funding

 

Shareholders

endurance specialty insurance ltd

Group Structure

View All

Contact

Registered Address

2 minster court, mincing lane, 1st floor, london, EC3R 7BB

sompo worldwide holdings limited Estimated Valuation

£23

Pomanda estimates the enterprise value of SOMPO WORLDWIDE HOLDINGS LIMITED at £23 based on a Turnover of £26 and 0.9x industry multiple (adjusted for size and gross margin).

sompo worldwide holdings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SOMPO WORLDWIDE HOLDINGS LIMITED at £0 based on an EBITDA of £-266 and a 5.8x industry multiple (adjusted for size and gross margin).

sompo worldwide holdings limited Estimated Valuation

£1b

Pomanda estimates the enterprise value of SOMPO WORLDWIDE HOLDINGS LIMITED at £1b based on Net Assets of £508.1m and 1.98x industry multiple (adjusted for liquidity).

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Sompo Worldwide Holdings Limited Overview

Sompo Worldwide Holdings Limited is a live company located in london, EC3R 7BB with a Companies House number of 04413520. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in April 2002, it's largest shareholder is endurance specialty insurance ltd with a 100% stake. Sompo Worldwide Holdings Limited is a mature, micro sized company, Pomanda has estimated its turnover at £26.3 with declining growth in recent years.

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Sompo Worldwide Holdings Limited Health Check

Pomanda's financial health check has awarded Sompo Worldwide Holdings Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £26.3, make it smaller than the average company (£1.6m)

£26.3 - Sompo Worldwide Holdings Limited

£1.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -43%, show it is growing at a slower rate (7%)

-43% - Sompo Worldwide Holdings Limited

7% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Sompo Worldwide Holdings Limited

100% - Industry AVG

profitability

Profitability

an operating margin of -1014.7% make it less profitable than the average company (10.4%)

-1014.7% - Sompo Worldwide Holdings Limited

10.4% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (9)

1 - Sompo Worldwide Holdings Limited

9 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Sompo Worldwide Holdings Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £26.3, this is less efficient (£122.7k)

£26.3 - Sompo Worldwide Holdings Limited

£122.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Sompo Worldwide Holdings Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Sompo Worldwide Holdings Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sompo Worldwide Holdings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (42 weeks)

15 weeks - Sompo Worldwide Holdings Limited

42 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (55.4%)

0% - Sompo Worldwide Holdings Limited

55.4% - Industry AVG

SOMPO WORLDWIDE HOLDINGS LIMITED financials

EXPORTms excel logo

Sompo Worldwide Holdings Limited's latest turnover from December 2023 is £26 and the company has net assets of £508.1 million. According to their latest financial statements, we estimate that Sompo Worldwide Holdings Limited has 1 employee and maintains cash reserves of £49.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2600139320227148212510327,381,00020,111,0009,393,00015,928,00010,125,000
Other Income Or Grants000000000000000
Cost Of Sales0000000041399,938,3196,555,6493,411,7985,549,4480
Gross Profit26001393202271482846417,442,68113,555,3515,981,20210,378,5520
Admin Expenses292311869410401,218-1,05321533,18535,450,4139,283,237-1,651,47314,913,777-6,967,076
Operating Profit-266-311-86998320187-1,2041,135-131-33,121-18,007,7324,272,1147,632,675-4,535,2256,967,076
Interest Payable000000000027,13834,51524,99300
Interest Receivable0000000000140,870153,19074,75025,22513,480
Pre-Tax Profit-6,64113,091577-4,725-5,537187-28829558-17,894,0003,337,0005,685,000-4,510,0005,026,000
Tax2,362-2,398-1108981,086-36-9269260000000
Profit After Tax-4,28010,693467-3,827-4,451151-9541,0089558-17,894,0003,337,0005,685,000-4,510,0005,026,000
Dividends Paid000000000000000
Retained Profit-4,28010,693467-3,827-4,451151-9541,0089558-17,894,0003,337,0005,685,000-4,510,0005,026,000
Employee Costs0000048,09846,38847,37049,60148,7744,519,0003,484,0003,234,0002,811,0003,623,000
Number Of Employees11111111112730272735
EBITDA*-266-311-86998320187-1,2041,135-131-33,121-17,828,7324,534,1147,931,675-3,691,2257,346,076

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets0000000000367,152,000127,586,000137,162,000184,785,000216,830,000
Intangible Assets000000000000000
Investments & Other508,215,213508,215,213608,240,344608,240,344608,240,344608,240,344377,943,696377,943,696377,943,696377,943,69600000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets508,215,213508,215,213608,240,344608,240,344608,240,344608,240,344377,943,696377,943,696377,943,696377,943,696367,152,000127,586,000137,162,000184,785,000216,830,000
Stock & work in progress000000000000000
Trade Debtors000000000012,429,0008,949,0007,526,0008,673,00014,005,000
Group Debtors000000000000000
Misc Debtors1,56007881,9501,0520000000000
Cash49,30046,78667,58769,07266,83663,93650,06150,09050,00849,91320,274,00036,074,00025,202,0004,698,0005,392,000
misc current assets0000000926001,755,0001,232,0001,677,0002,691,0002,784,000
total current assets50,86146,78668,37571,02267,88863,93650,06151,01650,00849,91349,651,000106,581,000101,719,00060,418,00065,405,000
total assets508,266,074508,261,999608,308,719608,311,366608,308,232608,304,280377,993,757377,994,712377,993,704377,993,609416,803,000234,167,000238,881,000245,203,000282,235,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 00000000006,467,0004,088,0005,841,0006,472,0009,760,000
Group/Directors Accounts163,335152,492222,358225,472218,511210,074164,945164,946164,946164,94600000
other short term finances0000000000542,000293,000769,00000
hp & lease commitments000000000000000
other current liabilities02,48700034000000000
total current liabilities163,335154,980222,358225,472218,511210,108164,945164,946164,946164,94617,882,0005,732,0008,137,0008,048,00012,573,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities0000000000103,876,00090,818,00096,464,000108,560,000136,557,000
total liabilities163,335154,980222,358225,472218,511210,108164,945164,946164,946164,946121,758,00096,550,000104,601,000116,608,000149,130,000
net assets508,102,739508,107,019608,086,361608,085,894608,089,721608,094,172377,828,812377,829,766377,828,758377,828,663295,045,000137,617,000134,280,000128,595,000133,105,000
total shareholders funds508,102,739508,107,019608,086,361608,085,894608,089,721608,094,172377,828,812377,829,766377,828,758377,828,663295,045,000137,617,000134,280,000128,595,000133,105,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-266-311-86998320187-1,2041,135-131-33,121-18,007,7324,272,1147,632,675-4,535,2256,967,076
Depreciation0000000000179,000262,000299,000844,000379,000
Amortisation000000000000000
Tax2,362-2,398-1108981,086-36-9269260000000
Stock000000000000000
Debtors1,560-788-1,1628981,0520000-12,429,0003,480,0001,423,000-1,147,000-5,332,00014,005,000
Creditors000000000-6,467,0002,379,000-1,753,000-631,000-3,288,0009,760,000
Accruals and Deferred Income-2,4872,48700-3434000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations-1,95156618398320185-2,1302,061-1315,928,879-18,929,7321,358,1148,447,675-1,647,2253,101,076
Investing Activities
capital expenditure000000000367,152,000-239,745,0009,314,00047,324,00031,201,000-217,209,000
Change in Investments0-100,025,131000230,296,648000377,943,69600000
cash flow from investments0100,025,131000-230,296,648000-10,791,696-239,745,0009,314,00047,324,00031,201,000-217,209,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts10,842-69,866-3,1146,9618,43745,129-100164,94600000
Other Short Term Loans 000000000-542,000249,000-476,000769,00000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0-99,990,035000230,265,20900082,783,605175,322,000000128,079,000
interest0000000000113,732118,67549,75725,22513,480
cash flow from financing10,842-100,059,901-3,1146,9618,437230,310,338-10082,406,551175,684,732-357,325818,75725,225128,092,480
cash and cash equivalents
cash2,515-20,801-1,4852,2362,90013,875-298295-20,224,087-15,800,00010,872,00020,504,000-694,0005,392,000
overdraft000000000000000
change in cash2,515-20,801-1,4852,2362,90013,875-298295-20,224,087-15,800,00010,872,00020,504,000-694,0005,392,000

sompo worldwide holdings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sompo Worldwide Holdings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sompo worldwide holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC3R area or any other competitors across 12 key performance metrics.

sompo worldwide holdings limited Ownership

SOMPO WORLDWIDE HOLDINGS LIMITED group structure

Sompo Worldwide Holdings Limited has 1 subsidiary company.

Ultimate parent company

SOMPO HOLDINGS INC

#0091844

ENDURANCE SPECIALTY INSURANCE LTD

#0042851

2 parents

SOMPO WORLDWIDE HOLDINGS LIMITED

04413520

1 subsidiary

SOMPO WORLDWIDE HOLDINGS LIMITED Shareholders

endurance specialty insurance ltd 100%

sompo worldwide holdings limited directors

Sompo Worldwide Holdings Limited currently has 2 directors. The longest serving directors include Mr Julian James (Mar 2020) and Mr Adam Golding (Jan 2021).

officercountryagestartendrole
Mr Julian JamesEngland61 years Mar 2020- Director
Mr Adam GoldingEngland55 years Jan 2021- Director

P&L

December 2023

turnover

26.3

0%

operating profit

-266.4

-14%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

508.1m

0%

total assets

508.3m

0%

cash

49.3k

+0.05%

net assets

Total assets minus all liabilities

sompo worldwide holdings limited company details

company number

04413520

Type

Private limited with Share Capital

industry

66290 - Other activities auxiliary to insurance and pension funding

incorporation date

April 2002

age

22

incorporated

UK

ultimate parent company

SOMPO HOLDINGS INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

endurance worldwide holdings limited (August 2024)

busyhire limited (June 2002)

accountant

-

auditor

ERNST & YOUNG LLP

address

2 minster court, mincing lane, 1st floor, london, EC3R 7BB

Bank

BARCLAYS BANK PLC

Legal Advisor

ASHURST LLP

sompo worldwide holdings 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 sompo worldwide holdings limited.

sompo worldwide holdings 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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sompo worldwide holdings limited Companies House Filings - See Documents

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