cigna insurance services (europe) limited
cigna insurance services (europe) limited Company Information
Company Number
04617110
Next Accounts
Sep 2025
Directors
Shareholders
cigna willow holdings ltd
Group Structure
View All
Industry
Non-life insurance
Registered Address
5 aldermanbury square, london, EC2V 7HR
Website
https://www.cigna.co.ukcigna insurance services (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of CIGNA INSURANCE SERVICES (EUROPE) LIMITED at £0 based on a Turnover of £0 and 0.59x industry multiple (adjusted for size and gross margin).
cigna insurance services (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of CIGNA INSURANCE SERVICES (EUROPE) LIMITED at £0 based on an EBITDA of £-99k and a 6.6x industry multiple (adjusted for size and gross margin).
cigna insurance services (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of CIGNA INSURANCE SERVICES (EUROPE) LIMITED at £0 based on Net Assets of £-32.1m and 1.68x industry multiple (adjusted for liquidity).
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Cigna Insurance Services (europe) Limited Overview
Cigna Insurance Services (europe) Limited is a live company located in london, EC2V 7HR with a Companies House number of 04617110. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 2002, it's largest shareholder is cigna willow holdings ltd with a 100% stake. Cigna Insurance Services (europe) Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Cigna Insurance Services (europe) Limited Health Check
Pomanda's financial health check has awarded Cigna Insurance Services (Europe) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 3 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
3 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (8.7%)
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (26)
- Cigna Insurance Services (europe) Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Cigna Insurance Services (europe) Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Cigna Insurance Services (europe) Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (18 weeks)
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 313.3%, this is a higher level of debt than the average (81.5%)
- - Cigna Insurance Services (europe) Limited
- - Industry AVG
CIGNA INSURANCE SERVICES (EUROPE) LIMITED financials
Cigna Insurance Services (Europe) Limited's latest turnover from December 2023 is 0 and the company has net assets of -£32.1 million. According to their latest financial statements, we estimate that Cigna Insurance Services (Europe) Limited has 1 employee and maintains cash reserves of £5.9 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 97,000 | 1,469,000 | 6,706,000 | 16,602,000 | 24,918,000 | 27,226,000 | 35,082,000 | 31,380,000 | 24,596,000 | 23,196,000 | 35,926,000 | 30,807,000 | 29,560,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -99,000 | -1,092,000 | -820,000 | -8,831,000 | -11,187,000 | -11,898,000 | -4,094,000 | -2,853,000 | 456,000 | 429,000 | -7,125,000 | -3,342,000 | -949,000 | 4,241,000 | 2,259,000 |
| Interest Payable | 0 | 0 | 15,000 | 5,000 | 111,000 | 107,000 | 43,000 | 97,000 | 156,000 | 84,000 | 95,000 | 0 | 0 | 17,000 | 369,000 |
| Interest Receivable | 17,000 | 5,000 | 0 | 1,000 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,000 | 21,000 | 12,000 |
| Pre-Tax Profit | -937,000 | -42,287,000 | -835,000 | -8,835,000 | -8,799,000 | -12,005,000 | -3,133,000 | -2,950,000 | 300,000 | 345,000 | -7,220,000 | -3,342,000 | -3,603,000 | -5,030,000 | -7,373,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,465,000 | -183,000 | -479,000 | 8,673,000 | 0 |
| Profit After Tax | -937,000 | -42,287,000 | -835,000 | -8,835,000 | -8,799,000 | -12,005,000 | -3,133,000 | -2,950,000 | 300,000 | 345,000 | -16,685,000 | -3,525,000 | -4,082,000 | 3,643,000 | -7,373,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,402,000 | 0 | 0 | 0 |
| Retained Profit | -937,000 | -42,287,000 | -835,000 | -8,835,000 | -8,799,000 | -12,005,000 | -3,133,000 | -2,950,000 | 300,000 | 345,000 | -16,685,000 | -5,927,000 | -4,082,000 | 3,643,000 | -7,373,000 |
| Employee Costs | 0 | 0 | 165,000 | 2,496,000 | 6,964,000 | 12,290,000 | 17,490,000 | 18,011,000 | 21,140,000 | 18,319,000 | 15,555,000 | 14,859,000 | 16,553,000 | 13,268,000 | 14,456,000 |
| Number Of Employees | 2 | 34 | 112 | 237 | 383 | 506 | 577 | 522 | 492 | 447 | 399 | 442 | 516 | ||
| EBITDA* | -99,000 | -1,092,000 | -820,000 | -8,785,000 | -9,758,000 | -10,328,000 | -2,114,000 | -1,295,000 | 3,068,000 | 2,562,000 | -4,718,000 | -2,595,000 | 2,538,000 | 16,022,000 | 16,083,000 |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 23,000 | 131,000 | 355,000 | 926,000 | 1,319,000 | 927,000 | 1,547,000 | 1,457,000 | 1,853,000 | 2,265,000 | 3,967,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 23,000 | 1,344,000 | 2,678,000 | 4,043,000 | 5,055,000 | 6,052,000 | 7,275,000 | 0 | 0 | 2,680,000 | 11,955,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 46,000 | 1,475,000 | 3,033,000 | 4,969,000 | 6,374,000 | 6,979,000 | 8,822,000 | 1,457,000 | 1,853,000 | 4,952,000 | 15,929,000 |
| 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 | 2,376,000 | 991,000 | 1,672,000 | 1,963,000 | 1,448,000 | 571,000 | 1,925,000 | 86,000 | 4,652,000 |
| Group Debtors | 9,163,000 | 9,927,000 | 9,310,000 | 9,321,000 | 11,384,000 | 21,604,000 | 22,334,000 | 19,410,000 | 20,810,000 | 20,728,000 | 19,872,000 | 21,798,000 | 24,385,000 | 37,101,000 | 31,379,000 |
| Misc Debtors | 0 | 202,000 | 16,000 | 81,000 | 242,000 | 177,000 | 1,576,000 | 860,000 | 643,000 | 529,000 | 632,000 | 969,000 | 2,629,000 | 9,739,000 | 8,908,000 |
| Cash | 5,904,000 | 8,732,000 | 10,288,000 | 1,409,000 | 2,064,000 | 5,076,000 | 143,000 | 354,000 | 606,000 | 915,000 | 222,000 | 747,000 | 5,712,000 | 5,402,000 | 6,570,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,467,000 | 8,194,000 | 8,673,000 | 0 |
| total current assets | 15,067,000 | 18,861,000 | 19,614,000 | 10,811,000 | 13,690,000 | 26,857,000 | 26,429,000 | 21,615,000 | 23,731,000 | 24,135,000 | 22,174,000 | 33,552,000 | 42,845,000 | 61,001,000 | 51,509,000 |
| total assets | 15,067,000 | 18,861,000 | 19,614,000 | 10,811,000 | 13,736,000 | 28,332,000 | 29,462,000 | 26,584,000 | 30,105,000 | 31,114,000 | 30,996,000 | 35,009,000 | 44,698,000 | 65,953,000 | 67,438,000 |
| Bank overdraft | 0 | 0 | 0 | 8,281,000 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 401,000 | 95,000 | 145,000 | 657,000 | 402,000 | 396,000 | 3,316,000 | 701,000 | 0 |
| Group/Directors Accounts | 5,917,000 | 8,139,000 | 8,093,000 | 1,859,000 | 3,524,000 | 5,731,000 | 5,200,000 | 1,670,000 | 4,147,000 | 479,000 | 3,323,000 | 177,000 | 108,000 | 24,071,000 | 23,000,000 |
| 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 | 51,000 | 49,000 |
| other current liabilities | 181,000 | 721,000 | 433,000 | 292,000 | 1,617,000 | 1,551,000 | 5,215,000 | 2,634,000 | 7,320,000 | 8,662,000 | 4,416,000 | 4,720,000 | 2,941,000 | 2,664,000 | 4,428,000 |
| total current liabilities | 6,098,000 | 8,860,000 | 8,526,000 | 10,432,000 | 5,141,000 | 7,282,000 | 10,816,000 | 4,399,000 | 11,612,000 | 9,798,000 | 8,141,000 | 5,293,000 | 6,365,000 | 27,487,000 | 27,477,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 10,000,000 | 10,000,000 | 10,000,000 | 13,071,000 | 16,101,000 | 16,018,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,000 |
| 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 | 0 | 0 | 0 | 0 |
| provisions | 41,105,000 | 41,200,000 | 0 | 2,456,000 | 1,837,000 | 2,493,000 | 1,084,000 | 1,490,000 | 1,777,000 | 1,870,000 | 3,806,000 | 0 | 2,690,000 | 1,130,000 | 6,239,000 |
| total long term liabilities | 41,105,000 | 41,200,000 | 0 | 2,456,000 | 1,837,000 | 12,493,000 | 11,084,000 | 11,490,000 | 14,848,000 | 17,971,000 | 19,824,000 | 10,000,000 | 12,690,000 | 11,130,000 | 16,268,000 |
| total liabilities | 47,203,000 | 50,060,000 | 8,526,000 | 12,888,000 | 6,978,000 | 19,775,000 | 21,900,000 | 15,889,000 | 26,460,000 | 27,769,000 | 27,965,000 | 15,293,000 | 19,055,000 | 38,617,000 | 43,745,000 |
| net assets | -32,136,000 | -31,199,000 | 11,088,000 | -2,077,000 | 6,758,000 | 8,557,000 | 7,562,000 | 10,695,000 | 3,645,000 | 3,345,000 | 3,031,000 | 19,716,000 | 25,643,000 | 27,336,000 | 23,693,000 |
| total shareholders funds | -32,136,000 | -31,199,000 | 11,088,000 | -2,077,000 | 6,758,000 | 8,557,000 | 7,562,000 | 10,695,000 | 3,645,000 | 3,345,000 | 3,031,000 | 19,716,000 | 25,643,000 | 27,336,000 | 23,693,000 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -99,000 | -1,092,000 | -820,000 | -8,831,000 | -11,187,000 | -11,898,000 | -4,094,000 | -2,853,000 | 456,000 | 429,000 | -7,125,000 | -3,342,000 | -949,000 | 4,241,000 | 2,259,000 |
| Depreciation | 0 | 0 | 0 | 23,000 | 108,000 | 236,000 | 615,000 | 546,000 | 1,465,000 | 580,000 | 682,000 | 747,000 | 807,000 | 2,506,000 | 4,549,000 |
| Amortisation | 0 | 0 | 0 | 23,000 | 1,321,000 | 1,334,000 | 1,365,000 | 1,012,000 | 1,147,000 | 1,553,000 | 1,725,000 | 0 | 2,680,000 | 9,275,000 | 9,275,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,465,000 | -183,000 | -479,000 | 8,673,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -966,000 | 803,000 | -76,000 | -2,224,000 | -10,155,000 | -4,505,000 | 5,025,000 | -1,864,000 | -95,000 | 1,268,000 | -1,386,000 | -5,601,000 | -17,987,000 | 1,987,000 | 44,939,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -401,000 | 306,000 | -50,000 | -512,000 | 255,000 | 6,000 | -2,920,000 | 2,615,000 | 701,000 | 0 |
| Accruals and Deferred Income | -540,000 | 288,000 | 141,000 | -1,325,000 | 66,000 | -3,664,000 | 2,581,000 | -4,686,000 | -1,342,000 | 4,246,000 | -304,000 | 1,779,000 | 277,000 | -1,764,000 | 4,428,000 |
| Deferred Taxes & Provisions | -95,000 | 41,200,000 | -2,456,000 | 619,000 | -656,000 | 1,409,000 | -406,000 | -287,000 | -93,000 | -1,936,000 | 3,806,000 | -2,690,000 | 1,560,000 | -5,109,000 | 6,239,000 |
| Cash flow from operations | 232,000 | 39,593,000 | -3,059,000 | -7,267,000 | -193,000 | -8,479,000 | -4,658,000 | -4,454,000 | 1,216,000 | 3,859,000 | -9,289,000 | -1,008,000 | 24,498,000 | 16,536,000 | -18,189,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | 0 | 7,000 |
| 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 | -2,222,000 | 46,000 | 6,234,000 | -1,665,000 | -2,207,000 | 531,000 | 3,530,000 | -2,477,000 | 3,668,000 | -2,844,000 | 3,146,000 | 69,000 | -23,963,000 | 1,071,000 | 23,000,000 |
| 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 | -10,000,000 | 0 | 0 | -3,071,000 | -3,030,000 | 83,000 | 6,018,000 | 0 | 0 | 0 | 10,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51,000 | -27,000 | 78,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 17,000 | 5,000 | -15,000 | -4,000 | -107,000 | -107,000 | -43,000 | -97,000 | -156,000 | -84,000 | -95,000 | 0 | 26,000 | 4,000 | -357,000 |
| cash flow from financing | -2,205,000 | 51,000 | 20,219,000 | -1,669,000 | -5,314,000 | 13,424,000 | 3,487,000 | 4,355,000 | 482,000 | -2,876,000 | 9,069,000 | 69,000 | -21,599,000 | 1,048,000 | 63,787,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,828,000 | -1,556,000 | 8,879,000 | -655,000 | -3,012,000 | 4,933,000 | -211,000 | -252,000 | -309,000 | 693,000 | -525,000 | -4,965,000 | 310,000 | -1,168,000 | 6,570,000 |
| overdraft | 0 | 0 | -8,281,000 | 8,281,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,828,000 | -1,556,000 | 17,160,000 | -8,936,000 | -3,012,000 | 4,933,000 | -211,000 | -252,000 | -309,000 | 693,000 | -525,000 | -4,965,000 | 310,000 | -1,168,000 | 6,570,000 |
cigna insurance services (europe) limited Credit Report and Business Information
Cigna Insurance Services (europe) Limited Competitor Analysis
Perform a competitor analysis for cigna insurance services (europe) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mature companies, companies in EC2V area or any other competitors across 12 key performance metrics.
cigna insurance services (europe) limited Ownership
CIGNA INSURANCE SERVICES (EUROPE) LIMITED group structure
Cigna Insurance Services (Europe) Limited has no subsidiary companies.
Ultimate parent company
CIGNA CORP
#0007573
2 parents
CIGNA INSURANCE SERVICES (EUROPE) LIMITED
04617110
cigna insurance services (europe) limited directors
Cigna Insurance Services (Europe) Limited currently has 1 director, Mr Miles Stephens serving since Sep 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Miles Stephens | 38 years | Sep 2017 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-99k
-91%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-32.1m
+0.03%
total assets
15.1m
-0.2%
cash
5.9m
-0.32%
net assets
Total assets minus all liabilities
cigna insurance services (europe) limited company details
company number
04617110
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
December 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
firstassist insurance services limited (October 2013)
oxfordspring limited (April 2003)
accountant
-
auditor
FORVIS MAZARS LLP
address
5 aldermanbury square, london, EC2V 7HR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
cigna insurance services (europe) 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 7 charges/mortgages relating to cigna insurance services (europe) limited. Currently there are 3 open charges and 4 have been satisfied in the past.
cigna insurance services (europe) 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.
Click to start generating capital raising & share issue transactions for CIGNA INSURANCE SERVICES (EUROPE) LIMITED. This can take several minutes, an email will notify you when this has completed.
cigna insurance services (europe) limited Companies House Filings - See Documents
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