allcover insurance brokers ltd

Live MatureSmallDeclining

allcover insurance brokers ltd Company Information

Share ALLCOVER INSURANCE BROKERS LTD

Company Number

05040684

Shareholders

trimulgherry investments limited

Group Structure

View All

Industry

Non-life insurance

 

Registered Address

7th floor corn exchange, 55 mark lane, london, EC3R 7NE

allcover insurance brokers ltd Estimated Valuation

£471.5k

Pomanda estimates the enterprise value of ALLCOVER INSURANCE BROKERS LTD at £471.5k based on a Turnover of £908.4k and 0.52x industry multiple (adjusted for size and gross margin).

allcover insurance brokers ltd Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of ALLCOVER INSURANCE BROKERS LTD at £1.3m based on an EBITDA of £234.8k and a 5.72x industry multiple (adjusted for size and gross margin).

allcover insurance brokers ltd Estimated Valuation

£5.8m

Pomanda estimates the enterprise value of ALLCOVER INSURANCE BROKERS LTD at £5.8m based on Net Assets of £3.6m and 1.64x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Allcover Insurance Brokers Ltd Overview

Allcover Insurance Brokers Ltd is a live company located in london, EC3R 7NE with a Companies House number of 05040684. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 2004, it's largest shareholder is trimulgherry investments limited with a 100% stake. Allcover Insurance Brokers Ltd is a mature, small sized company, Pomanda has estimated its turnover at £908.4k with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Allcover Insurance Brokers Ltd Health Check

Pomanda's financial health check has awarded Allcover Insurance Brokers Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £908.4k, make it smaller than the average company (£2.1m)

£908.4k - Allcover Insurance Brokers Ltd

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (8.7%)

-27% - Allcover Insurance Brokers Ltd

8.7% - Industry AVG

production

Production

with a gross margin of 77.5%, this company has a higher cost of product (100%)

77.5% - Allcover Insurance Brokers Ltd

100% - Industry AVG

profitability

Profitability

an operating margin of 23.4% make it more profitable than the average company (17.5%)

23.4% - Allcover Insurance Brokers Ltd

17.5% - Industry AVG

employees

Employees

with 26 employees, this is similar to the industry average (26)

26 - Allcover Insurance Brokers Ltd

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £19.7k, the company has a lower pay structure (£65.3k)

£19.7k - Allcover Insurance Brokers Ltd

£65.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £34.9k, this is less efficient (£163.5k)

£34.9k - Allcover Insurance Brokers Ltd

£163.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Allcover Insurance Brokers Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 131 days, this is quicker than average (293 days)

131 days - Allcover Insurance Brokers Ltd

293 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Allcover Insurance Brokers Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (18 weeks)

24 weeks - Allcover Insurance Brokers Ltd

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 5.8%, this is a lower level of debt than the average (81.4%)

5.8% - Allcover Insurance Brokers Ltd

81.4% - Industry AVG

ALLCOVER INSURANCE BROKERS LTD financials

EXPORTms excel logo

Allcover Insurance Brokers Ltd's latest turnover from December 2023 is £908.4 thousand and the company has net assets of £3.6 million. According to their latest financial statements, Allcover Insurance Brokers Ltd has 26 employees and maintains cash reserves of £102.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Mar 2019Jun 2018Jun 2017Jun 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover908,3861,991,7192,370,8672,111,0662,298,1431,504,5991,652,4141,504,1211,638,828275,90443014,63992,10194,281108,323
Other Income Or Grants
Cost Of Sales204,635535,025608,603553,955640,1902588,61953,39154,78361,675
Gross Profit703,7511,456,6941,762,2641,557,1111,657,9531,504,5991,652,4141,504,1211,638,828275,9041736,02038,71039,49846,648
Admin Expenses490,984891,536993,221754,372721,187948,5741,149,8291,188,3341,432,626245,022-96238,98523,59336,734-2,070
Operating Profit212,767565,158769,043802,739936,766556,025502,585315,787206,20230,8821,135-32,96515,1172,76448,718
Interest Payable326
Interest Receivable168964511
Pre-Tax Profit341,217558,266765,058799,785936,766556,025502,585315,819206,20830,8821,303-32,86915,1622,77548,718
Tax-132,931-109,111-144,691-163,170-179,689-104,3031,087-2,525-2,741-7,143-300-3,942-777-13,641
Profit After Tax208,286449,155620,367636,615757,077451,722503,672313,294203,46723,7391,003-32,86911,2201,99835,077
Dividends Paid300,000350,00022,000
Retained Profit208,286449,155620,367636,615757,077451,722203,672-36,706203,4671,7391,003-32,86911,2201,99835,077
Employee Costs513,1301,096,7521,121,342968,9661,014,703680,770786,9661,127,4551,087,786289,24647,83346,15745,13244,34045,845
Number Of Employees262522152123232222611111
EBITDA*234,832570,792776,323808,715958,325573,024520,174338,082243,66535,75910,093-22,97423,0379,29457,320

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Mar 2019Jun 2018Jun 2017Jun 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets17,53312,33811,24313,20858,16126,90933,81645,59428,63233,50937,19539,39841,41844,614
Intangible Assets3,0753,0006,0009,00012,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets20,60812,33811,24313,20858,16126,90933,81645,59428,63233,50940,19545,39850,41856,614
Stock & work in progress
Trade Debtors250,491286,555125,31190,543674,5231,241,994854,434527,1421,34310,00059,55160,36465,165
Group Debtors3,648,0002,980,9592,552,0501,913,5981,160,947261,71088,349170,874233,947
Misc Debtors30,98557,287126,64264,005126,27733,81326,85837,93462,322
Cash102,0722,372,1081,697,2171,089,2262,063,2681,663,6711,240,067917,505900,57952,00042,34224,69713,8484,231147
misc current assets
total current assets3,781,0575,660,8454,662,4643,192,1403,441,0352,633,7172,597,2681,980,7471,723,99053,34342,34234,69773,39964,59565,312
total assets3,781,0575,681,4534,674,8023,203,3833,454,2432,691,8782,624,1772,014,5631,769,58481,97575,85174,892118,797115,013121,926
Bank overdraft
Bank loan
Trade Creditors 73,4652,018,8451,457,744744,6981,046,4331,619,4262,090,4401,400,1001,172,9209,4229,46620,50227,93832,964
Group/Directors Accounts1,555166,543169,04375,18269,781282,559240,753
other short term finances
hp & lease commitments
other current liabilities144,509146,528154,525110,380701,521168,89077,71878,47181,53413,806
total current liabilities219,5292,331,9161,781,312930,2601,817,7351,788,3162,168,1581,761,1301,495,20713,8069,4229,46620,50227,93832,964
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities3,885
provisions4,1795,2662,741
total long term liabilities4,1795,2662,7413,885
total liabilities219,5292,331,9161,781,312930,2601,817,7351,788,3162,172,3371,766,3961,497,94813,8069,4229,46620,50227,93836,849
net assets3,561,5283,349,5372,893,4902,273,1231,636,508903,562451,840248,167271,63668,16966,42965,42698,29587,07585,077
total shareholders funds3,561,5283,349,5372,893,4902,273,1231,636,508903,562451,840248,167271,63668,16966,42965,42698,29587,07585,077
Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Mar 2019Jun 2018Jun 2017Jun 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit212,767565,158769,043802,739936,766556,025502,585315,787206,20230,8821,135-32,96515,1172,76448,718
Depreciation18,9905,1097,2805,97621,55916,99917,58922,29537,4634,8775,9586,9914,9203,5305,602
Amortisation3,0755253,0003,0003,0003,0003,000
Tax-132,931-109,111-144,691-163,170-179,689-104,3031,087-2,525-2,741-7,143-300-3,942-777-13,641
Stock
Debtors390,2481,185,823862,333725,147407,721-387,155293,959239,831822,0681,343-10,000-49,551-813-4,80165,165
Creditors-1,945,3801,274,147713,046-301,735-572,993-471,014690,340227,1801,172,920-9,422-44-11,036-7,436-5,02632,964
Accruals and Deferred Income-2,01936,14844,145-591,141532,63191,172-753-3,06367,72813,806
Deferred Taxes & Provisions-4,179-1,0872,5252,741
Cash flow from operations-2,235,746586,153526,490-972,478330,553471,855915,802322,368662,24531,65719,74915,54112,4728,29211,478
Investing Activities
capital expenditure-1,457-14,999-8,375-4,01123,394-48,251-10,682-10,517-54,425-2,272-4,788-2,900-334-65,216
Change in Investments
cash flow from investments-1,457-14,999-8,375-4,01123,394-48,251-10,682-10,517-54,425-2,272-4,788-2,900-334-65,216
Financing Activities
Bank loans
Group/Directors Accounts-164,98891,36193,8615,40169,781-282,55941,806240,753
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-3,8853,885
share issue3,705627,259-24,131113,237150,000
interest-32-6168964511
cash flow from financing-161,283718,62093,8615,40145,650-282,55855,011240,74711689645-3,87453,885
cash and cash equivalents
cash-2,270,0361,282,882607,991-974,042399,597423,604322,56216,926848,5799,65817,64510,8499,6174,084147
overdraft
change in cash-2,270,0361,282,882607,991-974,042399,597423,604322,56216,926848,5799,65817,64510,8499,6174,084147

allcover insurance brokers ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for allcover insurance brokers ltd. Get real-time insights into allcover insurance brokers ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Allcover Insurance Brokers Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for allcover insurance brokers ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3R area or any other competitors across 12 key performance metrics.

allcover insurance brokers ltd Ownership

ALLCOVER INSURANCE BROKERS LTD group structure

Allcover Insurance Brokers Ltd has no subsidiary companies.

Ultimate parent company

2 parents

ALLCOVER INSURANCE BROKERS LTD

05040684

ALLCOVER INSURANCE BROKERS LTD Shareholders

trimulgherry investments limited 100%

allcover insurance brokers ltd directors

Allcover Insurance Brokers Ltd currently has 2 directors. The longest serving directors include Mr Stuart Grieb (Nov 2020) and Mr Nicholas Hatch (Oct 2024).

officercountryagestartendrole
Mr Stuart GriebEngland50 years Nov 2020- Director
Mr Nicholas HatchEngland53 years Oct 2024- Director

P&L

December 2023

turnover

908.4k

-54%

operating profit

212.8k

0%

gross margin

77.5%

+5.93%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3.6m

+0.06%

total assets

3.8m

-0.33%

cash

102.1k

-0.96%

net assets

Total assets minus all liabilities

allcover insurance brokers ltd company details

company number

05040684

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

February 2004

age

21

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

7th floor corn exchange, 55 mark lane, london, EC3R 7NE

Bank

-

Legal Advisor

-

allcover insurance brokers ltd 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 did not find charges/mortgages relating to allcover insurance brokers ltd.

allcover insurance brokers ltd 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 ALLCOVER INSURANCE BROKERS LTD. This can take several minutes, an email will notify you when this has completed.

allcover insurance brokers ltd Companies House Filings - See Documents

datedescriptionview/download