allcover insurance brokers ltd
allcover insurance brokers ltd Company Information
Company Number
05040684
Next Accounts
Sep 2025
Shareholders
trimulgherry investments limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
7th floor corn exchange, 55 mark lane, london, EC3R 7NE
Website
www.allcoverinsurance.comallcover insurance brokers ltd Estimated Valuation
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
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
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).
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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.
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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
4 Strong
1 Regular
5 Weak
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
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
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
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
with 26 employees, this is similar to the industry average (26)
26 - Allcover Insurance Brokers Ltd
26 - Industry AVG
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
resulting in sales per employee of £34.9k, this is less efficient (£163.5k)
£34.9k - Allcover Insurance Brokers Ltd
£163.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Allcover Insurance Brokers Ltd
- - Industry AVG
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Allcover Insurance Brokers Ltd
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 908,386 | 1,991,719 | 2,370,867 | 2,111,066 | 2,298,143 | 1,504,599 | 1,652,414 | 1,504,121 | 1,638,828 | 275,904 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | 1,504,599 | 1,652,414 | 1,504,121 | 1,638,828 | 275,904 | ||||||||||
| Admin Expenses | 948,574 | 1,149,829 | 1,188,334 | 1,432,626 | 245,022 | ||||||||||
| Operating Profit | 565,158 | 769,043 | 802,739 | 936,766 | 556,025 | 502,585 | 315,787 | 206,202 | 30,882 | ||||||
| Interest Payable | 32 | 6 | |||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 341,217 | 558,266 | 765,058 | 799,785 | 936,766 | 556,025 | 502,585 | 315,819 | 206,208 | 30,882 | |||||
| Tax | -132,931 | -109,111 | -144,691 | -163,170 | -179,689 | -104,303 | 1,087 | -2,525 | -2,741 | -7,143 | |||||
| Profit After Tax | 208,286 | 449,155 | 620,367 | 636,615 | 757,077 | 451,722 | 503,672 | 313,294 | 203,467 | 23,739 | |||||
| Dividends Paid | 300,000 | 350,000 | 22,000 | ||||||||||||
| Retained Profit | 208,286 | 449,155 | 620,367 | 636,615 | 757,077 | 451,722 | 203,672 | -36,706 | 203,467 | 1,739 | |||||
| Employee Costs | 513,130 | 1,096,752 | 1,121,342 | 968,966 | 1,014,703 | 680,770 | 786,966 | ||||||||
| Number Of Employees | 26 | 25 | 22 | 15 | 21 | 23 | 23 | 22 | 22 | 6 | |||||
| EBITDA* | 570,792 | 776,323 | 808,715 | 958,325 | 573,024 | 520,174 | 338,082 | 243,665 | 35,759 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,533 | 12,338 | 11,243 | 13,208 | 58,161 | 26,909 | 33,816 | 45,594 | 28,632 | 33,509 | 37,195 | 39,398 | 41,418 | 44,614 | |
| Intangible Assets | 3,075 | 3,000 | 6,000 | 9,000 | 12,000 | ||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 20,608 | 12,338 | 11,243 | 13,208 | 58,161 | 26,909 | 33,816 | 45,594 | 28,632 | 33,509 | 40,195 | 45,398 | 50,418 | 56,614 | |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 250,491 | 286,555 | 125,311 | 90,543 | 674,523 | 1,241,994 | 854,434 | 527,142 | 1,343 | 10,000 | 59,551 | 60,364 | 65,165 | ||
| Group Debtors | 3,648,000 | 2,980,959 | 2,552,050 | 1,913,598 | 1,160,947 | 261,710 | 88,349 | 170,874 | 233,947 | ||||||
| Misc Debtors | 30,985 | 57,287 | 126,642 | 64,005 | 126,277 | 33,813 | 26,858 | 37,934 | 62,322 | ||||||
| Cash | 102,072 | 2,372,108 | 1,697,217 | 1,089,226 | 2,063,268 | 1,663,671 | 1,240,067 | 917,505 | 900,579 | 52,000 | 42,342 | 24,697 | 13,848 | 4,231 | 147 |
| misc current assets | |||||||||||||||
| total current assets | 3,781,057 | 5,660,845 | 4,662,464 | 3,192,140 | 3,441,035 | 2,633,717 | 2,597,268 | 1,980,747 | 1,723,990 | 53,343 | 42,342 | 34,697 | 73,399 | 64,595 | 65,312 |
| total assets | 3,781,057 | 5,681,453 | 4,674,802 | 3,203,383 | 3,454,243 | 2,691,878 | 2,624,177 | 2,014,563 | 1,769,584 | 81,975 | 75,851 | 74,892 | 118,797 | 115,013 | 121,926 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 73,465 | 2,018,845 | 1,457,744 | 744,698 | 1,046,433 | 1,619,426 | 2,090,440 | 1,400,100 | 1,172,920 | 9,422 | 9,466 | 20,502 | 27,938 | 32,964 | |
| Group/Directors Accounts | 1,555 | 166,543 | 169,043 | 75,182 | 69,781 | 282,559 | 240,753 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 144,509 | 146,528 | 154,525 | 110,380 | 701,521 | 168,890 | 77,718 | 78,471 | 81,534 | 13,806 | |||||
| total current liabilities | 219,529 | 2,331,916 | 1,781,312 | 930,260 | 1,817,735 | 1,788,316 | 2,168,158 | 1,761,130 | 1,495,207 | 13,806 | 9,422 | 9,466 | 20,502 | 27,938 | 32,964 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,885 | ||||||||||||||
| provisions | 4,179 | 5,266 | 2,741 | ||||||||||||
| total long term liabilities | 4,179 | 5,266 | 2,741 | 3,885 | |||||||||||
| total liabilities | 219,529 | 2,331,916 | 1,781,312 | 930,260 | 1,817,735 | 1,788,316 | 2,172,337 | 1,766,396 | 1,497,948 | 13,806 | 9,422 | 9,466 | 20,502 | 27,938 | 36,849 |
| net assets | 3,561,528 | 3,349,537 | 2,893,490 | 2,273,123 | 1,636,508 | 903,562 | 451,840 | 248,167 | 271,636 | 68,169 | 66,429 | 65,426 | 98,295 | 87,075 | 85,077 |
| total shareholders funds | 3,561,528 | 3,349,537 | 2,893,490 | 2,273,123 | 1,636,508 | 903,562 | 451,840 | 248,167 | 271,636 | 68,169 | 66,429 | 65,426 | 98,295 | 87,075 | 85,077 |
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 565,158 | 769,043 | 802,739 | 936,766 | 556,025 | 502,585 | 315,787 | 206,202 | 30,882 | ||||||
| Depreciation | 18,990 | 5,109 | 7,280 | 5,976 | 21,559 | 16,999 | 17,589 | 22,295 | 37,463 | 4,877 | 5,958 | 6,991 | 4,920 | 3,530 | 5,602 |
| Amortisation | 3,075 | 525 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | ||||||||
| Tax | -132,931 | -109,111 | -144,691 | -163,170 | -179,689 | -104,303 | 1,087 | -2,525 | -2,741 | -7,143 | |||||
| Stock | |||||||||||||||
| Debtors | 390,248 | 1,185,823 | 862,333 | 725,147 | 407,721 | -387,155 | 293,959 | 239,831 | 822,068 | 1,343 | -10,000 | -49,551 | -813 | -4,801 | 65,165 |
| Creditors | -1,945,380 | 1,274,147 | 713,046 | -301,735 | -572,993 | -471,014 | 690,340 | 227,180 | 1,172,920 | -9,422 | -44 | -11,036 | -7,436 | -5,026 | 32,964 |
| Accruals and Deferred Income | -2,019 | 36,148 | 44,145 | -591,141 | 532,631 | 91,172 | -753 | -3,063 | 67,728 | 13,806 | |||||
| Deferred Taxes & Provisions | -4,179 | -1,087 | 2,525 | 2,741 | |||||||||||
| Cash flow from operations | 586,153 | 526,490 | -972,478 | 330,553 | 471,855 | 915,802 | 322,368 | 662,245 | 31,657 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -164,988 | 91,361 | 93,861 | 5,401 | 69,781 | -282,559 | 41,806 | 240,753 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -3,885 | 3,885 | |||||||||||||
| share issue | |||||||||||||||
| interest | -32 | -6 | |||||||||||||
| cash flow from financing | -161,283 | 718,620 | 93,861 | 5,401 | 45,650 | -282,558 | 55,011 | 240,747 | 1 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -2,270,036 | 1,282,882 | 607,991 | -974,042 | 399,597 | 423,604 | 322,562 | 16,926 | 848,579 | 9,658 | 17,645 | 10,849 | 9,617 | 4,084 | 147 |
| overdraft | |||||||||||||||
| change in cash | -2,270,036 | 1,282,882 | 607,991 | -974,042 | 399,597 | 423,604 | 322,562 | 16,926 | 848,579 | 9,658 | 17,645 | 10,849 | 9,617 | 4,084 | 147 |
allcover insurance brokers ltd Credit Report and Business Information
Allcover Insurance Brokers Ltd Competitor Analysis
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 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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Grieb | England | 50 years | Nov 2020 | - | Director |
| Mr Nicholas Hatch | England | 53 years | Oct 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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.
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allcover insurance brokers ltd Companies House Filings - See Documents
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