advance insurance agencies limited
advance insurance agencies limited Company Information
Company Number
04605666
Next Accounts
Dec 2025
Shareholders
jgl bidco 2 limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
coversure house vantage park, washingley road, huntingdon, cambridgeshire, PE29 6SR
Website
www.advanceinsurance.co.ukadvance insurance agencies limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE INSURANCE AGENCIES LIMITED at £2.3m based on a Turnover of £3.7m and 0.62x industry multiple (adjusted for size and gross margin).
advance insurance agencies limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE INSURANCE AGENCIES LIMITED at £5.9m based on an EBITDA of £857.3k and a 6.88x industry multiple (adjusted for size and gross margin).
advance insurance agencies limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE INSURANCE AGENCIES LIMITED at £14.9m based on Net Assets of £9.1m and 1.64x industry multiple (adjusted for liquidity).
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Advance Insurance Agencies Limited Overview
Advance Insurance Agencies Limited is a live company located in huntingdon, PE29 6SR with a Companies House number of 04605666. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 2002, it's largest shareholder is jgl bidco 2 limited with a 100% stake. Advance Insurance Agencies Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with rapid growth in recent years.
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Advance Insurance Agencies Limited Health Check
Pomanda's financial health check has awarded Advance Insurance Agencies 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
2 Regular
1 Weak
Size
annual sales of £3.7m, make it larger than the average company (£2.2m)
£3.7m - Advance Insurance Agencies Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (10.2%)
37% - Advance Insurance Agencies Limited
10.2% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Advance Insurance Agencies Limited
100% - Industry AVG
Profitability
an operating margin of 22.7% make it as profitable than the average company (19%)
22.7% - Advance Insurance Agencies Limited
19% - Industry AVG
Employees
with 12 employees, this is below the industry average (25)
- Advance Insurance Agencies Limited
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Advance Insurance Agencies Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £307.8k, this is more efficient (£145.4k)
- Advance Insurance Agencies Limited
£145.4k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (199 days)
1 days - Advance Insurance Agencies Limited
199 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Advance Insurance Agencies Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Advance Insurance Agencies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (19 weeks)
34 weeks - Advance Insurance Agencies Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.6%, this is a lower level of debt than the average (77.4%)
17.6% - Advance Insurance Agencies Limited
77.4% - Industry AVG
ADVANCE INSURANCE AGENCIES LIMITED financials
Advance Insurance Agencies Limited's latest turnover from March 2024 is £3.7 million and the company has net assets of £9.1 million. According to their latest financial statements, we estimate that Advance Insurance Agencies Limited has 12 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 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,693,080 | 4,827,891 | 5,535,414 | 1,431,886 | 5,988,883 | |||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | 3,693,080 | 4,827,891 | 5,535,414 | 1,431,886 | 5,988,883 | |||||||||||
| Admin Expenses | 2,855,440 | 3,442,627 | 3,653,057 | 1,264,126 | 3,713,120 | |||||||||||
| Operating Profit | 837,640 | 1,385,264 | 1,882,357 | 167,760 | 2,275,763 | |||||||||||
| Interest Payable | 5,049 | |||||||||||||||
| Interest Receivable | 56,240 | 1,652 | 315 | 100 | 7,093 | |||||||||||
| Pre-Tax Profit | 893,880 | 1,386,916 | 1,882,672 | 167,860 | 2,277,807 | |||||||||||
| Tax | 259 | -2,868 | -2,279 | 19,139 | -438,275 | |||||||||||
| Profit After Tax | 894,139 | 1,384,048 | 1,880,393 | 186,999 | 1,839,532 | |||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | 894,139 | 1,384,048 | 1,880,393 | 186,999 | 1,839,532 | |||||||||||
| Employee Costs | 2,295,534 | |||||||||||||||
| Number Of Employees | 84 | 84 | 71 | 64 | 53 | 42 | ||||||||||
| EBITDA* | 857,270 | 1,451,336 | 1,941,105 | 183,858 | 2,390,950 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 139,298 | 153,353 | 180,245 | 235,808 | 1,006,234 | 1,078,227 | 1,089,270 | 335,124 | 303,618 | 286,305 | 75,435 | 70,632 | 78,417 | 71,615 | 78,465 | 60,963 |
| Intangible Assets | 84,017 | 123,908 | 126,424 | 10,999 | 21,999 | 32,999 | 43,999 | 54,999 | 65,999 | 76,999 | 147,999 | 187,862 | 134,058 | 160,254 | ||
| Investments & Other | ||||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 223,315 | 277,261 | 306,669 | 235,808 | 1,006,234 | 1,089,226 | 1,111,269 | 368,123 | 347,617 | 341,304 | 141,434 | 147,631 | 226,416 | 259,477 | 212,523 | 221,217 |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 19,013 | 375,169 | 347,991 | 165,445 | 397,100 | 491,798 | 466,463 | 450,071 | 340,370 | 283,832 | 286,854 | 112,139 | 129,846 | 148,084 | 70,404 | 82,348 |
| Group Debtors | 8,794,426 | 7,280,433 | 5,878,661 | 3,763,260 | ||||||||||||
| Misc Debtors | 736,852 | 1,043,847 | 1,037,707 | 1,091,623 | 836,716 | 104,934 | 105,213 | 69,947 | 78,826 | 41,879 | ||||||
| Cash | 1,270,380 | 2,012,038 | 1,967,271 | 2,484,495 | 3,402,830 | 2,567,330 | 1,714,450 | 1,373,721 | 1,067,911 | 1,306,032 | 973,356 | 785,841 | 1,022,845 | 747,838 | 687,971 | 566,129 |
| misc current assets | ||||||||||||||||
| total current assets | 10,820,671 | 10,711,487 | 9,231,630 | 7,504,823 | 4,636,646 | 3,164,062 | 2,286,126 | 1,893,739 | 1,487,107 | 1,631,743 | 1,260,210 | 897,980 | 1,152,691 | 895,922 | 758,375 | 648,477 |
| total assets | 11,043,986 | 10,988,748 | 9,538,299 | 7,740,631 | 5,642,880 | 4,253,288 | 3,397,395 | 2,261,862 | 1,834,724 | 1,973,047 | 1,401,644 | 1,045,611 | 1,379,107 | 1,155,399 | 970,898 | 869,694 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 1,349,526 | 2,136,071 | 2,169,540 | 2,382,042 | 1,564,459 | 5,125 | 18,833 | 3,566 | 14,671 | 10,669 | 815,580 | 556,512 | 625,463 | 634,150 | 529,280 | 400,260 |
| Group/Directors Accounts | 349,115 | 403,424 | 187,547 | 28,243 | ||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 220,157 | 218,204 | 337,079 | 366,606 | 1,675,949 | 1,510,351 | 1,221,445 | 1,026,170 | 1,320,732 | |||||||
| total current liabilities | 1,918,798 | 2,757,699 | 2,694,166 | 2,776,891 | 1,564,459 | 1,681,074 | 1,529,184 | 1,225,011 | 1,040,841 | 1,331,401 | 815,580 | 556,512 | 625,463 | 634,150 | 529,280 | 400,260 |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 321,016 | 352,012 | ||||||||||||||
| provisions | 24,715 | 24,715 | 21,847 | 21,847 | 29,127 | 41,436 | 46,989 | 39,866 | 34,132 | 29,089 | 12,317 | 10,957 | 11,808 | 12,455 | 12,366 | 7,691 |
| total long term liabilities | 24,715 | 24,715 | 21,847 | 21,847 | 29,127 | 362,452 | 399,001 | 39,866 | 34,132 | 29,089 | 12,317 | 10,957 | 11,808 | 12,455 | 12,366 | 7,691 |
| total liabilities | 1,943,513 | 2,782,414 | 2,716,013 | 2,798,738 | 1,593,586 | 2,043,526 | 1,928,185 | 1,264,877 | 1,074,973 | 1,360,490 | 827,897 | 567,469 | 637,271 | 646,605 | 541,646 | 407,951 |
| net assets | 9,100,473 | 8,206,334 | 6,822,286 | 4,941,893 | 4,049,294 | 2,209,762 | 1,469,210 | 996,985 | 759,751 | 612,557 | 573,747 | 478,142 | 741,836 | 508,794 | 429,252 | 461,743 |
| total shareholders funds | 9,100,473 | 8,206,334 | 6,822,286 | 4,941,893 | 4,049,294 | 2,209,762 | 1,469,210 | 996,985 | 759,751 | 612,557 | 573,747 | 478,142 | 741,836 | 508,794 | 429,252 | 461,743 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 837,640 | 1,385,264 | 1,882,357 | 167,760 | 2,275,763 | |||||||||||
| Depreciation | 19,630 | 33,149 | 56,012 | 16,098 | 104,188 | 93,746 | 74,565 | 5,292 | 4,370 | 34,877 | 20,623 | 22,402 | 23,883 | 23,157 | 19,753 | 14,301 |
| Amortisation | 32,923 | 2,736 | 10,999 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 71,000 | 39,863 | 46,196 | 26,196 | 29,832 | ||
| Tax | 259 | -2,868 | -2,279 | 19,139 | -438,275 | |||||||||||
| Stock | ||||||||||||||||
| Debtors | 850,842 | 1,435,090 | 2,244,031 | 3,786,512 | 637,084 | 25,056 | 51,658 | 100,822 | 93,485 | 38,857 | 174,715 | -17,707 | -18,238 | 77,680 | -11,944 | 82,348 |
| Creditors | -786,545 | -33,469 | -212,502 | 817,583 | 1,559,334 | -13,708 | 15,267 | -11,105 | 4,002 | -804,911 | 259,068 | -68,951 | -8,687 | 104,870 | 129,020 | 400,260 |
| Accruals and Deferred Income | 1,953 | -118,875 | -29,527 | 366,606 | -1,675,949 | 165,598 | 288,906 | 195,275 | -294,562 | 1,320,732 | ||||||
| Deferred Taxes & Provisions | 2,868 | -7,280 | -12,309 | -5,553 | 7,123 | 5,734 | 5,043 | 16,772 | 1,360 | -851 | -647 | 89 | 4,675 | 7,691 | ||
| Cash flow from operations | -777,905 | -136,098 | -547,234 | -2,406,606 | 1,186,667 | |||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | ||||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | -54,309 | 215,877 | 159,304 | 28,243 | ||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -321,016 | -30,996 | 352,012 | |||||||||||||
| share issue | ||||||||||||||||
| interest | 56,240 | 1,652 | 315 | 100 | 2,044 | |||||||||||
| cash flow from financing | 1,931 | 217,529 | 159,619 | 733,943 | -318,972 | |||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -741,658 | 44,767 | -517,224 | -918,335 | 835,500 | 852,880 | 340,729 | 305,810 | -238,121 | 332,676 | 187,515 | -237,004 | 275,007 | 59,867 | 121,842 | 566,129 |
| overdraft | ||||||||||||||||
| change in cash | -741,658 | 44,767 | -517,224 | -918,335 | 835,500 | 852,880 | 340,729 | 305,810 | -238,121 | 332,676 | 187,515 | -237,004 | 275,007 | 59,867 | 121,842 | 566,129 |
advance insurance agencies limited Credit Report and Business Information
Advance Insurance Agencies Limited Competitor Analysis
Perform a competitor analysis for advance insurance agencies limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in PE29 area or any other competitors across 12 key performance metrics.
advance insurance agencies limited Ownership
ADVANCE INSURANCE AGENCIES LIMITED group structure
Advance Insurance Agencies Limited has no subsidiary companies.
Ultimate parent company
2 parents
ADVANCE INSURANCE AGENCIES LIMITED
04605666
advance insurance agencies limited directors
Advance Insurance Agencies Limited currently has 4 directors. The longest serving directors include Mr Edward Hannan (Feb 2021) and Mr Robert Organ (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Hannan | United Kingdom | 46 years | Feb 2021 | - | Director |
| Mr Robert Organ | England | 55 years | Sep 2021 | - | Director |
| Mr Robert Organ | United Kingdom | 55 years | Sep 2021 | - | Director |
| Mr Graeme Lalley | England | 44 years | Sep 2021 | - | Director |
P&L
March 2024turnover
3.7m
-24%
operating profit
837.6k
-40%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
9.1m
+0.11%
total assets
11m
+0.01%
cash
1.3m
-0.37%
net assets
Total assets minus all liabilities
advance insurance agencies limited company details
company number
04605666
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
December 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
coversure house vantage park, washingley road, huntingdon, cambridgeshire, PE29 6SR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
advance insurance agencies 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 1 charges/mortgages relating to advance insurance agencies limited. Currently there are 0 open charges and 1 have been satisfied in the past.
advance insurance agencies 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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advance insurance agencies limited Companies House Filings - See Documents
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