just retirement limited

just retirement limited Company Information

Share JUST RETIREMENT LIMITED
Live 
MatureMegaDeclining

Company Number

05017193

Industry

Other activities auxiliary to insurance and pension funding

 

Shareholders

just retirement (holdings) limited

Group Structure

View All

Contact

Registered Address

enterprise house bancroft road, reigate, surrey, RH2 7RP

just retirement limited Estimated Valuation

£634.4m

Pomanda estimates the enterprise value of JUST RETIREMENT LIMITED at £634.4m based on a Turnover of £314.7m and 2.02x industry multiple (adjusted for size and gross margin).

just retirement limited Estimated Valuation

£9.1b

Pomanda estimates the enterprise value of JUST RETIREMENT LIMITED at £9.1b based on an EBITDA of £701m and a 13.05x industry multiple (adjusted for size and gross margin).

just retirement limited Estimated Valuation

£890.4m

Pomanda estimates the enterprise value of JUST RETIREMENT LIMITED at £890.4m based on Net Assets of £449.7m and 1.98x industry multiple (adjusted for liquidity).

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Just Retirement Limited Overview

Just Retirement Limited is a live company located in surrey, RH2 7RP with a Companies House number of 05017193. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in January 2004, it's largest shareholder is just retirement (holdings) limited with a 100% stake. Just Retirement Limited is a mature, mega sized company, Pomanda has estimated its turnover at £314.7m with declining growth in recent years.

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Just Retirement Limited Health Check

Pomanda's financial health check has awarded Just Retirement Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £314.7m, make it larger than the average company (£1.6m)

£314.7m - Just Retirement Limited

£1.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (7%)

-58% - Just Retirement Limited

7% - Industry AVG

production

Production

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

100% - Just Retirement Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 222.6% make it more profitable than the average company (10.4%)

222.6% - Just Retirement Limited

10.4% - Industry AVG

employees

Employees

with 2566 employees, this is above the industry average (9)

2566 - Just Retirement Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £60.2k, the company has an equivalent pay structure (£60.2k)

£60.2k - Just Retirement Limited

£60.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £122.6k, this is equally as efficient (£122.7k)

£122.6k - Just Retirement Limited

£122.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 913 days, this is later than average (50 days)

913 days - Just Retirement Limited

50 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Just Retirement Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Just Retirement Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (42 weeks)

0 weeks - Just Retirement Limited

42 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.3%, this is a higher level of debt than the average (55.4%)

98.3% - Just Retirement Limited

55.4% - Industry AVG

JUST RETIREMENT LIMITED financials

EXPORTms excel logo

Just Retirement Limited's latest turnover from December 2023 is £314.7 million and the company has net assets of £449.7 million. According to their latest financial statements, we estimate that Just Retirement Limited has 2,566 employees and maintains cash reserves of £401.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover314,700,000-290,900,0002,289,000,0004,221,100,0003,347,300,0002,703,400,0002,642,600,0003,553,800,0002,564,100,0001,054,073,000794,484,000514,222,000422,374,000326,492,000
Other Income Or Grants00000000000000
Cost Of Sales000000001,031,127,248444,828,571281,049,811171,915,473154,946,155104,226,384
Gross Profit314,700,000-290,900,0002,289,000,0004,221,100,0003,347,300,0002,703,400,0002,642,600,0003,553,800,0001,532,972,752609,244,429513,434,189342,306,527267,427,845222,265,616
Admin Expenses-385,853,458-200,491,5002,324,530,8753,830,105,8872,877,267,6452,733,907,3752,469,868,4173,320,940,1251,548,662,199472,656,927406,267,890266,201,079219,416,815139,651,673
Operating Profit700,553,458-90,408,500-35,530,875390,994,113470,032,355-30,507,375172,731,583232,859,875-15,689,447136,587,502107,166,29976,105,44848,011,03082,613,943
Interest Payable103,900,00044,900,00045,600,00065,300,00087,600,000-101,900,000-107,500,000-176,500,000-117,200,000121,778178,718168,025180,27869,193
Interest Receivable19,658,62511,376,7501,940,250725,000984,000319,875101,75077,625214,448191,238133,19875,73531,4101,083
Pre-Tax Profit170,800,000-396,200,000-67,900,000261,600,000322,600,000-68,100,000153,200,000214,600,000-30,100,000132,696,000104,544,00073,125,00045,270,00081,979,000
Tax-38,400,000103,100,00000012,600,000-29,000,000-41,000,0007,800,000-24,737,000-22,061,000-15,355,000-9,852,000-22,546,000
Profit After Tax132,400,000-293,100,000-67,900,000261,600,000322,600,000-55,500,000124,200,000173,600,000-22,300,000107,959,00082,483,00057,770,00035,418,00059,433,000
Dividends Paid00000000000005,000,000
Retained Profit132,400,000-293,100,000-67,900,000261,600,000322,600,000-55,500,000124,200,000173,600,000-22,300,000107,959,00082,483,00057,770,00035,418,00054,433,000
Employee Costs154,441,824-138,552,6821,104,382,8242,057,516,37001,309,988,0491,270,388,9571,717,783,2451,130,538,052397,793,82000157,995,16522,445,000
Number Of Employees2,566-2,49021,30941,16033,29927,23627,38636,26323,1448,8817,3884,6113,7052,872
EBITDA*700,953,458-90,008,500-34,930,875391,594,113470,632,355-30,007,375173,131,583233,159,875-15,689,447136,587,502107,166,29976,105,44848,011,03082,613,943

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets337,800,000371,100,00013,400,00014,200,000129,900,000292,300,000386,200,000271,300,0006,500,00011,561,765,0009,929,624,0008,289,363,0005,856,544,0004,597,469,000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets337,800,000371,100,00013,400,00014,200,000129,900,000292,300,000386,200,000271,300,0006,500,00011,561,765,0009,929,624,0008,289,363,0005,856,544,0004,597,469,000
Stock & work in progress00000000000000
Trade Debtors787,800,000411,200,000351,200,000384,000,0001,018,200,0001,561,700,0002,393,200,0002,988,100,0002,510,400,000178,0001,271,0004,065,0004,724,0001,468,000
Group Debtors00000000000000
Misc Debtors00000000000000
Cash401,100,000347,800,000302,300,0001,249,900,000200,100,00062,300,00023,000,00017,700,00044,400,00041,379,00035,116,00018,163,00012,131,000433,000
misc current assets25,153,300,00019,242,200,00019,561,600,00017,677,900,00015,904,400,00013,367,800,00011,946,700,00010,937,500,0008,479,200,00086,805,00081,180,00090,478,00050,884,00040,812,000
total current assets26,551,900,00020,203,000,00020,315,000,00019,385,100,00017,185,200,00015,085,300,00014,412,700,00013,989,500,00011,051,900,000132,865,000135,938,000133,853,00076,620,00046,325,000
total assets26,889,700,00020,574,100,00020,328,400,00019,399,300,00017,315,100,00015,377,600,00014,798,900,00014,260,800,00011,058,400,00011,694,630,00010,065,562,0008,423,216,0005,933,164,0004,643,794,000
Bank overdraft5,707,700,0003,957,700,000549,000,000548,900,0001,705,400,000450,000,000300,000,000300,000,000210,000,00000000
Bank loan00000000000000
Trade Creditors 20,430,200,00015,924,300,00017,359,300,00016,183,600,00014,019,100,00012,221,600,00011,102,500,00010,046,300,0007,440,300,00015,282,00014,944,00028,123,0009,799,00014,580,000
Group/Directors Accounts00000000000000
other short term finances00000000003,747,0001,752,0003,418,0002,129,000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities26,189,500,00019,988,400,00018,685,200,00017,679,600,00016,124,400,00014,526,100,00013,944,600,00013,529,200,00010,517,600,00087,289,000107,016,000104,669,00033,703,00038,856,000
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities250,500,000250,500,000252,800,000255,500,0007,400,0009,900,00011,600,00013,100,00025,900,00011,044,672,0009,553,836,0008,021,320,0005,664,004,0004,409,899,000
total liabilities26,440,000,00020,238,900,00018,938,000,00017,935,100,00016,131,800,00014,536,000,00013,956,200,00013,542,300,00010,543,500,00011,131,961,0009,660,852,0008,125,989,0005,697,707,0004,448,755,000
net assets449,700,000335,200,0001,390,400,0001,464,200,0001,183,300,000841,600,000842,700,000718,500,000514,900,000562,669,000404,710,000297,227,000235,457,000195,039,000
total shareholders funds449,700,000335,200,0001,390,400,0001,464,200,0001,183,300,000841,600,000842,700,000718,500,000514,900,000562,669,000404,710,000297,227,000235,457,000195,039,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit700,553,458-90,408,500-35,530,875390,994,113470,032,355-30,507,375172,731,583232,859,875-15,689,447136,587,502107,166,29976,105,44848,011,03082,613,943
Depreciation400,000400,000600,000600,000600,000500,000400,000300,000000000
Amortisation00000000000000
Tax-38,400,000103,100,00000012,600,000-29,000,000-41,000,0007,800,000-24,737,000-22,061,000-15,355,000-9,852,000-22,546,000
Stock00000000000000
Debtors376,600,00060,000,000-32,800,000-634,200,000-543,500,000-831,500,000-594,900,000477,700,0002,510,222,000-1,093,000-2,794,000-659,0003,256,0001,468,000
Creditors4,505,900,000-1,435,000,0001,175,700,0002,164,500,0001,797,500,0001,119,100,0001,056,200,0002,606,000,0007,425,018,000338,000-13,179,00018,324,000-4,781,00014,580,000
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations4,791,853,458-1,481,908,5001,173,569,1253,190,294,1132,811,632,3551,933,192,6251,795,231,5832,320,459,8754,906,906,553113,281,50274,720,29979,733,44830,122,03073,179,943
Investing Activities
capital expenditure32,900,000-358,100,000200,000115,100,000161,800,00093,400,000-115,300,000-265,100,00011,555,265,000-1,632,141,000-1,640,261,000-2,432,819,000-1,259,075,000-4,597,469,000
Change in Investments00000000000000
cash flow from investments32,900,000-358,100,000200,000115,100,000161,800,00093,400,000-115,300,000-265,100,00011,555,265,000-1,632,141,000-1,640,261,000-2,432,819,000-1,259,075,000-4,597,469,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 000000000-3,747,0001,995,000-1,666,0001,289,0002,129,000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-17,900,000-762,100,000-5,900,00019,300,00019,100,00054,400,000030,000,000-25,469,00050,000,00025,000,0004,000,0005,000,000140,606,000
interest-84,241,375-33,523,250-43,659,750-64,575,000-86,616,000102,219,875107,601,750176,577,625117,414,44869,460-45,520-92,290-148,868-68,110
cash flow from financing-102,141,375-795,623,250-49,559,750-45,275,000-67,516,000156,619,875107,601,750206,577,62591,945,44846,322,46026,949,4802,241,7106,140,132142,666,890
cash and cash equivalents
cash53,300,00045,500,000-947,600,0001,049,800,000137,800,00039,300,0005,300,000-26,700,0003,021,0006,263,00016,953,0006,032,00011,698,000433,000
overdraft1,750,000,0003,408,700,000100,000-1,156,500,0001,255,400,000150,000,000090,000,000210,000,00000000
change in cash-1,696,700,000-3,363,200,000-947,700,0002,206,300,000-1,117,600,000-110,700,0005,300,000-116,700,000-206,979,0006,263,00016,953,0006,032,00011,698,000433,000

just retirement 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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Just Retirement Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for just retirement limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in RH2 area or any other competitors across 12 key performance metrics.

just retirement limited Ownership

JUST RETIREMENT LIMITED group structure

Just Retirement Limited has 3 subsidiary companies.

JUST RETIREMENT LIMITED Shareholders

just retirement (holdings) limited 100%

just retirement limited directors

Just Retirement Limited currently has 12 directors. The longest serving directors include Mr David Richardson (Apr 2016) and Mr Paul Turner (Jan 2019).

officercountryagestartendrole
Mr David RichardsonEngland52 years Apr 2016- Director
Mr Paul TurnerEngland53 years Jan 2019- Director
Mrs Mary KerriganScotland52 years Nov 2019- Director
Ms Michelle Cracknell60 years Mar 2020- Director
Mrs Michelle CracknellEngland60 years Mar 2020- Director
Mr John Hastings-BassUnited Kingdom70 years Aug 2020- Director
Mrs Kalpana ShahUnited Kingdom55 years Mar 2021- Director
Mr John PerksEngland54 years Apr 2021- Director
Ms Kathleen ByrneUnited Kingdom61 years Feb 2022- Director
Ms Mary PhibbsCanada67 years Jan 2023- Director

P&L

December 2023

turnover

314.7m

-208%

operating profit

700.6m

0%

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

449.7m

+0.34%

total assets

26.9b

+0.31%

cash

401.1m

+0.15%

net assets

Total assets minus all liabilities

just retirement limited company details

company number

05017193

Type

Private limited with Share Capital

industry

66290 - Other activities auxiliary to insurance and pension funding

incorporation date

January 2004

age

20

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

abacus annuities limited (July 2004)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

enterprise house bancroft road, reigate, surrey, RH2 7RP

Bank

-

Legal Advisor

-

just retirement 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 13 charges/mortgages relating to just retirement limited. Currently there are 13 open charges and 0 have been satisfied in the past.

just retirement 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 JUST RETIREMENT LIMITED. This can take several minutes, an email will notify you when this has completed.

just retirement limited Companies House Filings - See Documents

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