just retirement limited Company Information
Company Number
05017193
Next Accounts
Sep 2025
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
Website
www.justretirement.comjust retirement limited Estimated Valuation
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
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
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
3 Strong
3 Regular
4 Weak
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
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (7%)
-58% - Just Retirement Limited
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Just Retirement Limited
100% - Industry AVG
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
with 2566 employees, this is above the industry average (9)
- Just Retirement Limited
9 - Industry AVG
Pay Structure
on an average salary of £60.2k, the company has an equivalent pay structure (£60.2k)
- Just Retirement Limited
£60.2k - Industry AVG
Efficiency
resulting in sales per employee of £122.6k, this is equally as efficient (£122.7k)
- Just Retirement Limited
£122.7k - Industry AVG
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
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Just Retirement Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Just Retirement Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 314,700,000 | -290,900,000 | 2,289,000,000 | 4,221,100,000 | 3,347,300,000 | 2,703,400,000 | 2,642,600,000 | 3,553,800,000 | 2,564,100,000 | 1,054,073,000 | 794,484,000 | 514,222,000 | 422,374,000 | 326,492,000 |
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | 103,900,000 | 44,900,000 | 45,600,000 | 65,300,000 | 87,600,000 | -101,900,000 | -107,500,000 | -176,500,000 | -117,200,000 | |||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | 170,800,000 | -396,200,000 | -67,900,000 | 261,600,000 | 322,600,000 | -68,100,000 | 153,200,000 | 214,600,000 | -30,100,000 | 132,696,000 | 104,544,000 | 73,125,000 | 45,270,000 | 81,979,000 |
Tax | -38,400,000 | 103,100,000 | 0 | 0 | 0 | 12,600,000 | -29,000,000 | -41,000,000 | 7,800,000 | -24,737,000 | -22,061,000 | -15,355,000 | -9,852,000 | -22,546,000 |
Profit After Tax | 132,400,000 | -293,100,000 | -67,900,000 | 261,600,000 | 322,600,000 | -55,500,000 | 124,200,000 | 173,600,000 | -22,300,000 | 107,959,000 | 82,483,000 | 57,770,000 | 35,418,000 | 59,433,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000,000 |
Retained Profit | 132,400,000 | -293,100,000 | -67,900,000 | 261,600,000 | 322,600,000 | -55,500,000 | 124,200,000 | 173,600,000 | -22,300,000 | 107,959,000 | 82,483,000 | 57,770,000 | 35,418,000 | 54,433,000 |
Employee Costs | 0 | 0 | 0 | 22,445,000 | ||||||||||
Number Of Employees | ||||||||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 337,800,000 | 371,100,000 | 13,400,000 | 14,200,000 | 129,900,000 | 292,300,000 | 386,200,000 | 271,300,000 | 6,500,000 | 11,561,765,000 | 9,929,624,000 | 8,289,363,000 | 5,856,544,000 | 4,597,469,000 |
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) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 337,800,000 | 371,100,000 | 13,400,000 | 14,200,000 | 129,900,000 | 292,300,000 | 386,200,000 | 271,300,000 | 6,500,000 | 11,561,765,000 | 9,929,624,000 | 8,289,363,000 | 5,856,544,000 | 4,597,469,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 787,800,000 | 411,200,000 | 351,200,000 | 384,000,000 | 1,018,200,000 | 1,561,700,000 | 2,393,200,000 | 2,988,100,000 | 2,510,400,000 | 178,000 | 1,271,000 | 4,065,000 | 4,724,000 | 1,468,000 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 401,100,000 | 347,800,000 | 302,300,000 | 1,249,900,000 | 200,100,000 | 62,300,000 | 23,000,000 | 17,700,000 | 44,400,000 | 41,379,000 | 35,116,000 | 18,163,000 | 12,131,000 | 433,000 |
misc current assets | 25,153,300,000 | 19,242,200,000 | 19,561,600,000 | 17,677,900,000 | 15,904,400,000 | 13,367,800,000 | 11,946,700,000 | 10,937,500,000 | 8,479,200,000 | 86,805,000 | 81,180,000 | 90,478,000 | 50,884,000 | 40,812,000 |
total current assets | 26,551,900,000 | 20,203,000,000 | 20,315,000,000 | 19,385,100,000 | 17,185,200,000 | 15,085,300,000 | 14,412,700,000 | 13,989,500,000 | 11,051,900,000 | 132,865,000 | 135,938,000 | 133,853,000 | 76,620,000 | 46,325,000 |
total assets | 26,889,700,000 | 20,574,100,000 | 20,328,400,000 | 19,399,300,000 | 17,315,100,000 | 15,377,600,000 | 14,798,900,000 | 14,260,800,000 | 11,058,400,000 | 11,694,630,000 | 10,065,562,000 | 8,423,216,000 | 5,933,164,000 | 4,643,794,000 |
Bank overdraft | 5,707,700,000 | 3,957,700,000 | 549,000,000 | 548,900,000 | 1,705,400,000 | 450,000,000 | 300,000,000 | 300,000,000 | 210,000,000 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 20,430,200,000 | 15,924,300,000 | 17,359,300,000 | 16,183,600,000 | 14,019,100,000 | 12,221,600,000 | 11,102,500,000 | 10,046,300,000 | 7,440,300,000 | 15,282,000 | 14,944,000 | 28,123,000 | 9,799,000 | 14,580,000 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,747,000 | 1,752,000 | 3,418,000 | 2,129,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 26,189,500,000 | 19,988,400,000 | 18,685,200,000 | 17,679,600,000 | 16,124,400,000 | 14,526,100,000 | 13,944,600,000 | 13,529,200,000 | 10,517,600,000 | 87,289,000 | 107,016,000 | 104,669,000 | 33,703,000 | 38,856,000 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 250,500,000 | 250,500,000 | 252,800,000 | 255,500,000 | 7,400,000 | 9,900,000 | 11,600,000 | 13,100,000 | 25,900,000 | 11,044,672,000 | 9,553,836,000 | 8,021,320,000 | 5,664,004,000 | 4,409,899,000 |
total liabilities | 26,440,000,000 | 20,238,900,000 | 18,938,000,000 | 17,935,100,000 | 16,131,800,000 | 14,536,000,000 | 13,956,200,000 | 13,542,300,000 | 10,543,500,000 | 11,131,961,000 | 9,660,852,000 | 8,125,989,000 | 5,697,707,000 | 4,448,755,000 |
net assets | 449,700,000 | 335,200,000 | 1,390,400,000 | 1,464,200,000 | 1,183,300,000 | 841,600,000 | 842,700,000 | 718,500,000 | 514,900,000 | 562,669,000 | 404,710,000 | 297,227,000 | 235,457,000 | 195,039,000 |
total shareholders funds | 449,700,000 | 335,200,000 | 1,390,400,000 | 1,464,200,000 | 1,183,300,000 | 841,600,000 | 842,700,000 | 718,500,000 | 514,900,000 | 562,669,000 | 404,710,000 | 297,227,000 | 235,457,000 | 195,039,000 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 400,000 | 400,000 | 600,000 | 600,000 | 600,000 | 500,000 | 400,000 | 300,000 | 0 | 0 | 0 | 0 | 0 | |
Amortisation | ||||||||||||||
Tax | -38,400,000 | 103,100,000 | 0 | 0 | 0 | 12,600,000 | -29,000,000 | -41,000,000 | 7,800,000 | -24,737,000 | -22,061,000 | -15,355,000 | -9,852,000 | -22,546,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 376,600,000 | 60,000,000 | -32,800,000 | -634,200,000 | -543,500,000 | -831,500,000 | -594,900,000 | 477,700,000 | 2,510,222,000 | -1,093,000 | -2,794,000 | -659,000 | 3,256,000 | 1,468,000 |
Creditors | 4,505,900,000 | -1,435,000,000 | 1,175,700,000 | 2,164,500,000 | 1,797,500,000 | 1,119,100,000 | 1,056,200,000 | 2,606,000,000 | 7,425,018,000 | 338,000 | -13,179,000 | 18,324,000 | -4,781,000 | 14,580,000 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,747,000 | 1,995,000 | -1,666,000 | 1,289,000 | 2,129,000 |
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 | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 53,300,000 | 45,500,000 | -947,600,000 | 1,049,800,000 | 137,800,000 | 39,300,000 | 5,300,000 | -26,700,000 | 3,021,000 | 6,263,000 | 16,953,000 | 6,032,000 | 11,698,000 | 433,000 |
overdraft | 1,750,000,000 | 3,408,700,000 | 100,000 | -1,156,500,000 | 1,255,400,000 | 150,000,000 | 0 | 90,000,000 | 210,000,000 | 0 | 0 | 0 | 0 | 0 |
change in cash | -1,696,700,000 | -3,363,200,000 | -947,700,000 | 2,206,300,000 | -1,117,600,000 | -110,700,000 | 5,300,000 | -116,700,000 | -206,979,000 | 6,263,000 | 16,953,000 | 6,032,000 | 11,698,000 | 433,000 |
just retirement limited Credit Report and Business Information
Just Retirement Limited Competitor Analysis
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.
Ultimate parent company
2 parents
JUST RETIREMENT LIMITED
05017193
3 subsidiaries
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Richardson | England | 52 years | Apr 2016 | - | Director |
Mr Paul Turner | England | 53 years | Jan 2019 | - | Director |
Mrs Mary Kerrigan | Scotland | 52 years | Nov 2019 | - | Director |
Ms Michelle Cracknell | 60 years | Mar 2020 | - | Director | |
Mrs Michelle Cracknell | England | 60 years | Mar 2020 | - | Director |
Mr John Hastings-Bass | United Kingdom | 70 years | Aug 2020 | - | Director |
Mrs Kalpana Shah | United Kingdom | 55 years | Mar 2021 | - | Director |
Mr John Perks | England | 54 years | Apr 2021 | - | Director |
Ms Kathleen Byrne | United Kingdom | 61 years | Feb 2022 | - | Director |
Ms Mary Phibbs | Canada | 67 years | Jan 2023 | - | Director |
P&L
December 2023turnover
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 2023net 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.
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just retirement limited Companies House Filings - See Documents
date | description | view/download |
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