sturdy insurance brokers limited
sturdy insurance brokers limited Company Information
Company Number
04603972
Website
www.sslins.comRegistered Address
8th floor forum house, lime street, london, EC3M 7AN
Industry
Non-life insurance
Telephone
02039882871
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
sturdy agi holdings limited 75%
derek wong 25%
sturdy insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of STURDY INSURANCE BROKERS LIMITED at £621.2k based on a Turnover of £2.3m and 0.27x industry multiple (adjusted for size and gross margin).
sturdy insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of STURDY INSURANCE BROKERS LIMITED at £0 based on an EBITDA of £-318.4k and a 3.89x industry multiple (adjusted for size and gross margin).
sturdy insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of STURDY INSURANCE BROKERS LIMITED at £3m based on Net Assets of £2.1m and 1.48x industry multiple (adjusted for liquidity).
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Sturdy Insurance Brokers Limited Overview
Sturdy Insurance Brokers Limited is a live company located in london, EC3M 7AN with a Companies House number of 04603972. It operates in the non-life insurance sector, SIC Code 65120. Founded in November 2002, it's largest shareholder is sturdy agi holdings limited with a 75% stake. Sturdy Insurance Brokers Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.
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Sturdy Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Sturdy Insurance Brokers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £2.3m, make it in line with the average company (£2m)
- Sturdy Insurance Brokers Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.1%)
- Sturdy Insurance Brokers Limited
7.1% - Industry AVG
Production
with a gross margin of -13.6%, this company has a higher cost of product (99.4%)
- Sturdy Insurance Brokers Limited
99.4% - Industry AVG
Profitability
an operating margin of -13.6% make it less profitable than the average company (19.2%)
- Sturdy Insurance Brokers Limited
19.2% - Industry AVG
Employees
with 4 employees, this is below the industry average (32)
4 - Sturdy Insurance Brokers Limited
32 - Industry AVG
Pay Structure
on an average salary of £60.4k, the company has an equivalent pay structure (£60.4k)
- Sturdy Insurance Brokers Limited
£60.4k - Industry AVG
Efficiency
resulting in sales per employee of £585.8k, this is more efficient (£154.6k)
- Sturdy Insurance Brokers Limited
£154.6k - Industry AVG
Debtor Days
it gets paid by customers after 374 days, this is later than average (230 days)
- Sturdy Insurance Brokers Limited
230 days - Industry AVG
Creditor Days
its suppliers are paid after 175 days, this is quicker than average (293 days)
- Sturdy Insurance Brokers Limited
293 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sturdy Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (18 weeks)
2 weeks - Sturdy Insurance Brokers Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.7%, this is a lower level of debt than the average (83.1%)
14.7% - Sturdy Insurance Brokers Limited
83.1% - Industry AVG
STURDY INSURANCE BROKERS LIMITED financials
Sturdy Insurance Brokers Limited's latest turnover from November 2023 is estimated at £2.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Sturdy Insurance Brokers Limited has 4 employees and maintains cash reserves of £15.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Jun 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,187,378 | 3,113,817 | 3,553,034 | 8,921,186 | 9,131,411 | 8,233,775 | 8,411,594 | 7,821,212 | 9,112,034 | 8,387,280 | 5,999,091 | 6,475,211 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Gross Profit | -318,454 | 1,719,015 | 1,187,378 | 3,113,817 | 3,553,034 | 8,921,186 | 9,131,411 | 8,233,775 | 8,411,594 | ||||||
| Admin Expenses | 0 | 0 | 2,702,800 | 1,548,191 | 7,220,438 | 7,689,014 | 7,666,487 | 6,817,697 | 6,808,411 | ||||||
| Operating Profit | -318,454 | 1,719,015 | -1,515,422 | 1,565,626 | -3,667,404 | 1,232,172 | 1,464,924 | 1,416,078 | 1,603,183 | 740,549 | 1,327,690 | 1,347,411 | -921,037 | 459,797 | |
| Interest Payable | 0 | 0 | 0 | 13,020 | 13,129 | 83,882 | 83,392 | 63,611 | 39,029 | 8,083 | 84,283 | 51,360 | 143,174 | 96,418 | |
| Interest Receivable | 0 | 0 | 8,395 | 0 | 12,273 | 18,857 | 29,858 | 19,030 | 20,453 | 23,771 | 75,195 | 58,923 | 75,829 | 40,793 | |
| Pre-Tax Profit | -318,454 | 1,719,015 | -1,507,027 | 1,552,606 | -3,668,260 | 1,167,147 | 1,411,390 | 1,371,497 | 1,584,607 | 756,237 | 1,318,602 | 1,354,974 | -988,382 | 423,584 | |
| Tax | 15,812 | -28,702 | 110,471 | 0 | -18,234 | -283,003 | -401,771 | -319,992 | -433,090 | -298,468 | -428,863 | -416,899 | 128,277 | -186,816 | |
| Profit After Tax | -302,642 | 1,690,313 | -1,396,556 | 1,552,606 | -3,686,494 | 884,144 | 1,009,619 | 1,051,505 | 1,151,517 | 457,769 | 889,739 | 938,075 | -860,105 | 236,768 | |
| Dividends Paid | 0 | 0 | 0 | 1 | 1,986,559 | 678,000 | 284,724 | 300,000 | 300,000 | 665,345 | 300,000 | 234,714 | 0 | 0 | |
| Retained Profit | -302,642 | 1,690,313 | -1,396,556 | 1,552,605 | -5,673,053 | 206,144 | 724,895 | 751,505 | 851,517 | -207,576 | 589,739 | 703,361 | -860,105 | 236,768 | |
| Employee Costs | 162,719 | 349,836 | 3,598,103 | 5,303,419 | 4,953,931 | 4,509,546 | 4,151,666 | 4,192,270 | 4,628,013 | 3,909,650 | 3,826,370 | ||||
| Number Of Employees | 4 | 8 | 4 | 4 | 3 | 41 | 48 | 44 | 44 | 40 | 41 | 41 | 43 | 43 | |
| EBITDA* | -318,381 | 1,719,015 | -1,515,422 | 1,565,626 | -3,651,305 | 1,249,058 | 1,557,186 | 1,491,003 | 1,665,637 | 1,099,594 | 1,391,755 | 1,386,989 | -842,056 | 541,543 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Jun 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 661 | 0 | 0 | 0 | 0 | 0 | 63,916 | 201,164 | 303,173 | 254,344 | 229,537 | 176,447 | 221,837 | 36,611 | 90,169 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 661 | 0 | 0 | 0 | 0 | 0 | 63,916 | 201,164 | 303,173 | 254,344 | 229,537 | 176,447 | 221,837 | 36,611 | 90,169 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,401,289 | 2,166,037 | 288,324 | 4,067,715 | 4,587,477 | 14,095,590 | 20,401,483 | 18,711,407 | 20,529,900 | 18,918,503 | 16,271,108 | 18,071,903 | 17,474,291 | 23,941,166 | 27,875,484 |
| Group Debtors | 0 | 0 | 0 | 0 | 1,901,927 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 699,151 | 1,584,654 |
| Misc Debtors | 0 | 0 | 296,649 | 3,177 | 1,326,939 | 1,072,592 | 5,874,137 | 5,117,078 | 4,100,613 | 2,172,288 | 1,200,931 | 763,747 | 499,506 | 1,766,565 | 1,482,626 |
| Cash | 15,347 | 593,794 | 4,343,423 | 7,002,081 | 13,353,046 | 10,806,135 | 9,383,955 | 10,490,550 | 11,838,350 | 12,156,125 | 10,061,073 | 13,034,717 | 10,336,489 | 7,035,292 | 9,707,876 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,416,636 | 2,759,831 | 4,928,396 | 11,072,973 | 21,169,389 | 26,974,317 | 35,659,575 | 34,319,035 | 36,468,863 | 33,246,916 | 27,533,112 | 31,870,367 | 28,310,286 | 33,442,174 | 40,650,640 |
| total assets | 2,417,297 | 2,759,831 | 4,928,396 | 11,072,973 | 21,169,389 | 26,974,317 | 35,723,491 | 34,520,199 | 36,772,036 | 33,501,260 | 27,762,649 | 32,046,814 | 28,532,123 | 33,478,785 | 40,740,809 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,700 | 166,800 | 656,694 | 515,968 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 403,247 | 673,853 | 250,000 | 250,000 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 355,965 | 395,857 | 4,196,710 | 10,030,277 | 16,054,865 | 22,299,022 | 26,951,459 | 25,371,299 | 28,726,765 | 26,508,713 | 23,351,120 | 27,015,041 | 23,910,123 | 28,299,578 | 34,338,181 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 1,349,854 | 1,437,124 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,338,867 | 76,481 |
| 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 | 52,295 | 126,874 | 79,596 | 25,115 | 45,260 | 43,426 | 45,831 | 0 | 0 |
| other current liabilities | 0 | 0 | 58,025 | 603,959 | 929,377 | 2,141,325 | 2,233,091 | 2,044,624 | 2,072,646 | 1,898,490 | 1,000,289 | 1,398,620 | 1,376,136 | 838,831 | 1,299,759 |
| total current liabilities | 355,965 | 395,857 | 4,254,735 | 10,634,236 | 18,334,096 | 25,877,471 | 29,640,092 | 28,216,650 | 31,129,007 | 28,682,318 | 24,396,669 | 28,498,787 | 25,498,890 | 31,133,970 | 36,230,389 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 312,500 | 687,500 | 625,000 | 562,500 | 0 | 0 | 41,700 | 194,500 | 1,500,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52,294 | 179,169 | 169,087 | 130,141 | 104,612 | 137,857 | 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 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 313,500 | 739,794 | 804,169 | 731,587 | 130,141 | 104,612 | 179,557 | 194,500 | 1,500,000 |
| total liabilities | 355,965 | 395,857 | 4,254,735 | 10,634,236 | 18,334,096 | 25,877,471 | 29,953,592 | 28,956,444 | 31,933,176 | 29,413,905 | 24,526,810 | 28,603,399 | 25,678,447 | 31,328,470 | 37,730,389 |
| net assets | 2,061,332 | 2,363,974 | 673,661 | 438,737 | 2,835,293 | 1,096,846 | 5,769,899 | 5,563,755 | 4,838,860 | 4,087,355 | 3,235,839 | 3,443,415 | 2,853,676 | 2,150,315 | 3,010,420 |
| total shareholders funds | 2,061,332 | 2,363,974 | 673,661 | 438,737 | 2,835,293 | 1,096,846 | 5,769,899 | 5,563,755 | 4,838,860 | 4,087,355 | 3,235,839 | 3,443,415 | 2,853,676 | 2,150,315 | 3,010,420 |
| Nov 2023 | Nov 2022 | Jun 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -318,454 | 1,719,015 | -1,515,422 | 1,565,626 | -3,667,404 | 1,232,172 | 1,464,924 | 1,416,078 | 1,603,183 | 740,549 | 1,327,690 | 1,347,411 | -921,037 | 459,797 | |
| Depreciation | 73 | 0 | 0 | 0 | 0 | 16,099 | 16,886 | 92,262 | 74,925 | 62,454 | 359,045 | 64,065 | 39,578 | 78,981 | 81,746 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 15,812 | -28,702 | 110,471 | 0 | -18,234 | -283,003 | -401,771 | -319,992 | -433,090 | -298,468 | -428,863 | -416,899 | 128,277 | -186,816 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 235,252 | 1,581,064 | -3,485,919 | -3,745,451 | -18,459,277 | -10,107,438 | 2,447,135 | -802,028 | 3,539,722 | 3,618,752 | -1,363,611 | 861,853 | -8,433,085 | -4,535,882 | 30,942,764 |
| Creditors | -39,892 | -3,800,853 | -5,833,567 | -6,024,588 | -10,896,594 | -4,652,437 | 1,580,160 | -3,355,466 | 2,218,052 | 3,157,593 | -3,663,921 | 3,104,918 | -4,389,455 | -6,038,603 | 34,338,181 |
| Accruals and Deferred Income | 0 | -58,025 | -545,934 | -325,418 | -1,303,714 | -91,766 | 188,467 | -28,022 | 174,156 | 898,201 | -398,331 | 22,484 | 537,305 | -460,928 | 1,299,759 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -577,713 | -3,749,629 | -4,009,506 | 7,824,595 | 1,693,696 | 287,547 | -1,426,045 | 23,497 | 1,669,589 | -1,897,515 | 3,228,441 | 5,551,025 | -2,677,428 | 5,049,903 | |
| Investing Activities | |||||||||||||||
| capital expenditure | 46,817 | 91,627 | 9,746 | -123,754 | -89,994 | -112,135 | -18,675 | -10,804 | -25,422 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 46,817 | 91,627 | 9,746 | -123,754 | -89,994 | -112,135 | -18,675 | -10,804 | -25,422 | ||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -403,247 | -403,247 | -270,606 | 423,853 | 0 | 250,000 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -1,349,854 | 1,349,854 | 1,437,124 | 0 | 0 | 0 | 0 | 0 | 0 | -1,338,867 | 1,262,386 | 76,481 |
| 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 | -312,500 | -312,500 | -375,000 | 62,500 | 62,500 | 562,500 | 0 | -41,700 | -152,800 | -1,305,500 | 1,500,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -52,295 | -52,295 | -126,873 | -79,597 | 64,563 | 18,801 | 27,363 | -35,650 | 183,688 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -1,000 | -1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 8,395 | -13,020 | -856 | -65,025 | -53,534 | -44,581 | -18,576 | 15,688 | -9,088 | 7,563 | -67,345 | -55,625 | |
| cash flow from financing | 0 | 0 | -2,341,459 | -3,919,419 | 1,667,226 | -836,504 | 353,222 | 82,482 | 812,724 | 43,051 | -86,438 | -1,300,416 | -110,459 | 4,294,508 | |
| cash and cash equivalents | |||||||||||||||
| cash | -578,447 | -3,749,629 | -2,658,658 | -6,350,965 | 3,969,091 | 1,422,180 | -1,106,595 | -1,347,800 | -317,775 | 2,095,052 | -2,973,644 | 2,698,228 | 3,301,197 | -2,672,584 | 9,707,876 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41,700 | -125,100 | -489,894 | 140,726 | 515,968 |
| change in cash | -578,447 | -3,749,629 | -2,658,658 | -6,350,965 | 3,969,091 | 1,422,180 | -1,106,595 | -1,347,800 | -317,775 | 2,095,052 | -2,931,944 | 2,823,328 | 3,791,091 | -2,813,310 | 9,191,908 |
sturdy insurance brokers limited Credit Report and Business Information
Sturdy Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for sturdy insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3M area or any other competitors across 12 key performance metrics.
sturdy insurance brokers limited Ownership
STURDY INSURANCE BROKERS LIMITED group structure
Sturdy Insurance Brokers Limited has no subsidiary companies.
Ultimate parent company
1 parent
STURDY INSURANCE BROKERS LIMITED
04603972
sturdy insurance brokers limited directors
Sturdy Insurance Brokers Limited currently has 6 directors. The longest serving directors include Mr Andrew Sturdy (Oct 2003) and Mr Ralph Sharp (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Sturdy | England | 58 years | Oct 2003 | - | Director |
| Mr Ralph Sharp | 74 years | Mar 2021 | - | Director | |
| Mr Jeremy Cooke | England | 73 years | Apr 2021 | - | Director |
| Mr Christopher Clark | England | 66 years | Aug 2021 | - | Director |
| Mr Derek Wong | England | 57 years | Aug 2023 | - | Director |
| Mr Jonathan Turnbull | England | 64 years | Feb 2024 | - | Director |
P&L
November 2023turnover
2.3m
+6%
operating profit
-318.5k
-119%
gross margin
-13.5%
-117.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
2.1m
-0.13%
total assets
2.4m
-0.12%
cash
15.3k
-0.97%
net assets
Total assets minus all liabilities
sturdy insurance brokers limited company details
company number
04603972
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
November 2002
age
22
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
November 2023
previous names
ssl insurance brokers limited (April 2021)
accountant
-
auditor
-
address
8th floor forum house, lime street, london, EC3M 7AN
Bank
-
Legal Advisor
-
sturdy 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 sturdy insurance brokers limited. Currently there are 0 open charges and 3 have been satisfied in the past.
sturdy insurance brokers limited Companies House Filings - See Documents
| date | description | view/download |
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