adler fairways insurance brokers limited
adler fairways insurance brokers limited Company Information
Company Number
04525948
Website
www.adlerinsurance.co.ukRegistered Address
number 22 mount ephraim, tunbridge wells, kent, TN4 8AS
Industry
Non-life insurance
Telephone
01217645500
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
adler fairways insurance group limited 100%
adler fairways insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of ADLER FAIRWAYS INSURANCE BROKERS LIMITED at £3.6m based on a Turnover of £5.4m and 0.66x industry multiple (adjusted for size and gross margin).
adler fairways insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of ADLER FAIRWAYS INSURANCE BROKERS LIMITED at £11m based on an EBITDA of £1.1m and a 9.68x industry multiple (adjusted for size and gross margin).
adler fairways insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of ADLER FAIRWAYS INSURANCE BROKERS LIMITED at £6.6m based on Net Assets of £4.4m and 1.48x industry multiple (adjusted for liquidity).
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Adler Fairways Insurance Brokers Limited Overview
Adler Fairways Insurance Brokers Limited is a live company located in kent, TN4 8AS with a Companies House number of 04525948. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 2002, it's largest shareholder is adler fairways insurance group limited with a 100% stake. Adler Fairways Insurance Brokers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with healthy growth in recent years.
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Adler Fairways Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Adler Fairways Insurance Brokers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
1 Weak
Size
annual sales of £5.4m, make it larger than the average company (£2m)
£5.4m - Adler Fairways Insurance Brokers Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.1%)
14% - Adler Fairways Insurance Brokers Limited
7.1% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (98.5%)
100% - Adler Fairways Insurance Brokers Limited
98.5% - Industry AVG
Profitability
an operating margin of 20.3% make it as profitable than the average company (21.7%)
20.3% - Adler Fairways Insurance Brokers Limited
21.7% - Industry AVG
Employees
with 63 employees, this is above the industry average (29)
63 - Adler Fairways Insurance Brokers Limited
29 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has an equivalent pay structure (£51.6k)
- Adler Fairways Insurance Brokers Limited
£51.6k - Industry AVG
Efficiency
resulting in sales per employee of £86.3k, this is less efficient (£137.7k)
£86.3k - Adler Fairways Insurance Brokers Limited
£137.7k - Industry AVG
Debtor Days
it gets paid by customers after 158 days, this is earlier than average (218 days)
158 days - Adler Fairways Insurance Brokers Limited
218 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Adler Fairways Insurance Brokers Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Adler Fairways Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (20 weeks)
38 weeks - Adler Fairways Insurance Brokers Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53%, this is a lower level of debt than the average (81.6%)
53% - Adler Fairways Insurance Brokers Limited
81.6% - Industry AVG
ADLER FAIRWAYS INSURANCE BROKERS LIMITED financials
Adler Fairways Insurance Brokers Limited's latest turnover from March 2023 is £5.4 million and the company has net assets of £4.4 million. According to their latest financial statements, Adler Fairways Insurance Brokers Limited has 63 employees and maintains cash reserves of £3.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 5,436,452 | 4,450,650 | 3,474,505 | 3,645,450 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | ||||||||||
| Gross Profit | 5,436,452 | 4,450,650 | 3,474,505 | 3,645,450 | ||||||||||
| Admin Expenses | 4,330,153 | 3,578,014 | 2,488,856 | 2,725,922 | ||||||||||
| Operating Profit | 1,106,299 | 872,636 | 985,649 | 919,528 | ||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | ||||||||||
| Interest Receivable | 0 | 0 | 0 | 2 | ||||||||||
| Pre-Tax Profit | 1,106,299 | 872,636 | 985,649 | 919,530 | ||||||||||
| Tax | 13,310 | 17,713 | -124,109 | -251,149 | ||||||||||
| Profit After Tax | 1,119,609 | 890,349 | 861,540 | 668,381 | ||||||||||
| Dividends Paid | 650,000 | 600,650 | 0 | 0 | ||||||||||
| Retained Profit | 469,609 | 289,699 | 861,540 | 668,381 | ||||||||||
| Employee Costs | 1,884,207 | |||||||||||||
| Number Of Employees | 63 | 58 | 47 | 47 | 36 | 35 | 29 | 29 | ||||||
| EBITDA* | 1,137,309 | 900,602 | 1,007,641 | 940,780 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 225,150 | 189,316 | 159,808 | 142,367 | 130,780 | 115,328 | 98,494 | 49,025 | 47,962 | 40,832 | 24,179 | 20,728 | 22,002 | 21,530 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,886,656 | 2,630,232 | 2,584,038 | 2,184,956 | 2,015,250 | 1,888,541 | 1,415,961 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,111,806 | 2,819,548 | 2,743,846 | 2,327,323 | 2,146,030 | 2,003,869 | 1,514,455 | 49,025 | 47,962 | 40,832 | 24,179 | 20,728 | 22,002 | 21,530 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,359,119 | 1,781,471 | 1,885,462 | 1,562,877 | 1,034,393 | 1,041,441 | 600,559 | 723,371 | 1,055,251 | 790,559 | 935,019 | 605,525 | 378,222 | 329,497 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 408,763 | 149,038 | 129,082 | 61,881 | 64,089 | 64,525 | 28,988 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,587,873 | 3,347,056 | 2,198,758 | 2,275,253 | 1,737,989 | 1,283,869 | 1,206,346 | 2,272,152 | 1,865,739 | 1,662,759 | 1,450,526 | 1,165,821 | 716,114 | 337,943 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,355,755 | 5,277,565 | 4,213,302 | 3,900,011 | 2,836,471 | 2,389,835 | 1,835,893 | 2,995,523 | 2,920,990 | 2,453,318 | 2,385,545 | 1,771,346 | 1,094,336 | 667,440 |
| total assets | 9,467,561 | 8,097,113 | 6,957,148 | 6,227,334 | 4,982,501 | 4,393,704 | 3,350,348 | 3,044,548 | 2,968,952 | 2,494,150 | 2,409,724 | 1,792,074 | 1,116,338 | 688,970 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,377,638 | 3,657,930 | 2,755,142 | 2,761,326 | 1,950,134 | 1,947,253 | 1,157,480 | 1,499,023 | 1,600,440 | 1,454,473 | 1,760,580 | 1,238,754 | 741,177 | 417,708 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 20,053 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 463,672 | 325,405 | 513,740 | 640,374 | 308,696 | 181,436 | 192,337 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,841,310 | 3,983,335 | 3,268,882 | 3,401,700 | 2,278,883 | 2,128,689 | 1,349,817 | 1,499,023 | 1,600,440 | 1,454,473 | 1,760,580 | 1,238,754 | 741,177 | 417,708 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 0 | 0 | 0 |
| provisions | 177,577 | 153,883 | 23,859 | 22,767 | 21,397 | 18,135 | 16,260 | 9,296 | 9,228 | 8,520 | 4,694 | 3,170 | 3,142 | 2,673 |
| total long term liabilities | 177,577 | 153,883 | 23,859 | 22,767 | 21,397 | 18,135 | 16,260 | 9,296 | 9,228 | 8,520 | 4,694 | 3,170 | 3,142 | 2,673 |
| total liabilities | 5,018,887 | 4,137,218 | 3,292,741 | 3,424,467 | 2,300,280 | 2,146,824 | 1,366,077 | 1,508,319 | 1,609,668 | 1,462,993 | 1,765,274 | 1,241,924 | 744,319 | 420,381 |
| net assets | 4,448,674 | 3,959,895 | 3,664,407 | 2,802,867 | 2,682,221 | 2,246,880 | 1,984,271 | 1,536,229 | 1,359,284 | 1,031,157 | 644,450 | 550,150 | 372,019 | 268,589 |
| total shareholders funds | 4,448,674 | 3,959,895 | 3,664,407 | 2,802,867 | 2,682,221 | 2,246,880 | 1,984,271 | 1,536,229 | 1,359,284 | 1,031,157 | 644,450 | 550,150 | 372,019 | 268,589 |
| 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 | 1,106,299 | 872,636 | 985,649 | 919,528 | ||||||||||
| Depreciation | 31,010 | 27,966 | 21,992 | 21,252 | 15,735 | 14,940 | 11,817 | 7,800 | 6,767 | 5,291 | 3,988 | 3,567 | 3,464 | 3,416 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 13,310 | 17,713 | -124,109 | -251,149 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,093,797 | -37,841 | 788,868 | 695,982 | 119,225 | 948,999 | 1,322,137 | -331,880 | 264,692 | -144,460 | 329,494 | 227,303 | 48,725 | 329,497 |
| Creditors | 719,708 | 902,788 | -6,184 | 811,192 | 2,881 | 789,773 | -341,543 | -101,417 | 145,967 | -306,107 | 521,826 | 497,577 | 323,469 | 417,708 |
| Accruals and Deferred Income | 138,267 | -188,335 | -126,634 | 331,678 | 127,260 | -10,901 | 192,337 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 23,694 | 130,024 | 1,092 | 1,370 | 3,262 | 1,875 | 6,964 | 68 | 708 | 3,826 | 1,524 | 28 | 469 | 2,673 |
| Cash flow from operations | 938,491 | 1,800,633 | -37,062 | 1,137,889 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | -20,053 | 20,053 | 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 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 2 | ||||||||||
| cash flow from financing | 19,170 | 5,789 | 0 | -567,786 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 240,817 | 1,148,298 | -76,495 | 537,264 | 454,120 | 77,523 | -1,065,806 | 406,413 | 202,980 | 212,233 | 284,705 | 449,707 | 378,171 | 337,943 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 240,817 | 1,148,298 | -76,495 | 537,264 | 454,120 | 77,523 | -1,065,806 | 406,413 | 202,980 | 212,233 | 284,705 | 449,707 | 378,171 | 337,943 |
adler fairways insurance brokers limited Credit Report and Business Information
Adler Fairways Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for adler fairways insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in TN4 area or any other competitors across 12 key performance metrics.
adler fairways insurance brokers limited Ownership
ADLER FAIRWAYS INSURANCE BROKERS LIMITED group structure
Adler Fairways Insurance Brokers Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
ADLER FAIRWAYS INSURANCE BROKERS LIMITED
04525948
2 subsidiaries
adler fairways insurance brokers limited directors
Adler Fairways Insurance Brokers Limited currently has 5 directors. The longest serving directors include Mr Anthony Adler (Aug 2010) and Mr Neil Thomsett (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Adler | United Kingdom | 46 years | Aug 2010 | - | Director |
| Mr Neil Thomsett | 41 years | Dec 2019 | - | Director | |
| Mr Alexander Alway | United Kingdom | 64 years | Jul 2020 | - | Director |
| Alex Alway | England | 64 years | Jul 2020 | - | Director |
| Mr Johann Davey | England | 45 years | Jan 2021 | - | Director |
P&L
March 2023turnover
5.4m
+22%
operating profit
1.1m
+27%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.4m
+0.12%
total assets
9.5m
+0.17%
cash
3.6m
+0.07%
net assets
Total assets minus all liabilities
adler fairways insurance brokers limited company details
company number
04525948
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
September 2002
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
adler insurance brokers limited (June 2021)
adler insurance services limited (September 2002)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
number 22 mount ephraim, tunbridge wells, kent, TN4 8AS
Bank
HSBC BANK PLC
Legal Advisor
-
adler fairways 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 found 3 charges/mortgages relating to adler fairways insurance brokers limited. Currently there are 1 open charges and 2 have been satisfied in the past.
adler fairways insurance brokers limited Companies House Filings - See Documents
| date | description | view/download |
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