Gm Insurance Brokers Limited

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gm insurance brokers limited Company Information

Live

MatureSmallHealthy

Company Number

05058019

Next Accounts

Sep 2025

Industry

Activities of insurance agents and brokers

Directors

Gavin Mead

Lee Galan-Davis

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Shareholders

assuredpartners international limited

Group Structure

View All

Contact

Registered Address

metherell gard burn view, bude, cornwall, EX23 8BX

Website

www.gm-insurance.co.uk

gm insurance brokers limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of GM INSURANCE BROKERS LIMITED at £3.2m based on an EBITDA of £501.1k and a 6.46x industry multiple (adjusted for size and gross margin).

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Gm Insurance Brokers Limited is a live company located in cornwall, EX23 8BX with a Companies House number of 05058019. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in February 2004, it's largest shareholder is assuredpartners international limited with a 100% stake. Gm Insurance Brokers Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gm Insurance Brokers Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

2 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£2.6m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (5.2%)

EXPORT

Gm Insurance Brokers Limited's latest turnover from December 2023 is £1.4 million and the company has net assets of £578.4 thousand. According to their latest financial statements, Gm Insurance Brokers Limited has 14 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,366,732	1,946,615	2,072,788	1,045,768	1,155,472	899,174	726,498	673,649	539,545	149,650	109,196	86,237	99,541	49,400	56,134
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	161,514	192,568	115,949	127,774	146,452	118,149	84,959	102,893	101,076	35,630	28,757	27,724	25,430	12,658	14,229
Gross Profit	1,205,218	1,754,047	1,956,839	917,994	1,009,021	781,025	641,539	570,757	438,469	114,021	80,439	58,513	74,110	36,741	41,905
Admin Expenses	722,078	890,826	1,591,565	652,442	904,884	725,973	596,218	571,892	375,905	87,891	84,765	86,381	16,807	36,857	23,681
Operating Profit	483,140	863,221	365,274	265,552	104,137	55,052	45,321	-1,135	62,564	26,130	-4,326	-27,868	57,303	-116	18,224
Interest Payable	0	12,983	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,090	1,481	2,689	275	111	591	226	114	273	220	184	279	242	116	52
Pre-Tax Profit	494,230	851,719	367,963	265,827	104,248	55,643	45,547	-1,021	62,838	26,351	-4,142	-27,589	57,545	0	18,276
Tax	-21,645	-169,643	-69,913	-50,507	-19,807	-10,572	-8,654	0	-12,567	-5,534	0	0	-14,962	0	-5,117
Profit After Tax	472,585	682,076	298,050	215,320	84,441	45,071	36,893	-1,021	50,270	20,817	-4,142	-27,589	42,583	0	13,159
Dividends Paid	800,000	550,400	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-327,415	131,676	298,050	215,320	84,441	45,071	36,893	-1,021	50,270	20,817	-4,142	-27,589	42,583	0	13,159
Employee Costs	501,737	467,897	630,430	543,540	455,232	439,685	343,806	343,100	253,283	82,590	80,231	78,761	78,009	36,816	39,731
Number Of Employees	14	16	13	11	10	10	8	8	6	2	2	2	2	1	1
EBITDA*	501,127	963,639	386,270	280,399	115,949	70,111	62,924	13,517	80,441	31,527	157	-25,550	61,283	2,919	21,219

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	38,979	229,719	62,014	44,328	32,827	28,672	38,312	46,148	34,811	8,704	5,551	3,259	3,356	3,614	5,217
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	38,979	229,719	62,014	44,328	32,827	28,672	38,312	46,148	34,811	8,704	5,551	3,259	3,356	3,614	5,217
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	711,072	207,397	280,681	165,672	156,322	137,357	130,921	35,945	30,974	23,358	25,963	13,217	15,668
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	445,490	1,393,109	0	0	0	0	0	0	0	8,725	0	0	656	385	0
Cash	1,261,459	1,530,170	284,043	432,917	116,811	104,923	52,806	37,484	54,010	55,267	32,809	40,830	70,936	25,715	20,826
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,706,949	2,923,279	995,115	640,314	397,492	270,595	209,128	174,841	184,931	99,937	63,783	64,188	97,555	39,317	36,494
total assets	1,745,928	3,152,998	1,057,129	684,642	430,319	299,267	247,440	220,989	219,742	108,641	69,334	67,447	100,911	42,931	41,711
Bank overdraft	0	0	0	0	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	1,043,379	1,814,434	271,327	200,090	163,387	117,976	109,420	117,962	117,544	61,913	44,023	38,694	44,969	29,572	28,452
Group/Directors Accounts	0	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	0	0	0	0	0
hp & lease commitments	0	48,835	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	114,947	207,452	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,158,326	2,070,721	271,327	200,090	163,387	117,976	109,420	117,962	117,544	61,913	44,023	38,694	44,969	29,572	28,452
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	155,299	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	9,239	21,200	11,700	8,500	6,200	5,000	6,800	8,700	6,900	1,700	1,100	400	0	0	0
total long term liabilities	9,239	176,499	11,700	8,500	6,200	5,000	6,800	8,700	6,900	1,700	1,100	400	0	0	0
total liabilities	1,167,565	2,247,220	283,027	208,590	169,587	122,976	116,220	126,662	124,444	63,613	45,123	39,094	44,969	29,572	28,452
net assets	578,363	905,778	774,102	476,052	260,732	176,291	131,220	94,327	95,298	45,028	24,211	28,353	55,942	13,359	13,259
total shareholders funds	578,363	905,778	774,102	476,052	260,732	176,291	131,220	94,327	95,298	45,028	24,211	28,353	55,942	13,359	13,259

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	483,140	863,221	365,274	265,552	104,137	55,052	45,321	-1,135	62,564	26,130	-4,326	-27,868	57,303	-116	18,224
Depreciation	17,987	100,418	20,996	14,847	11,812	15,059	17,603	14,652	17,877	5,397	4,483	2,318	3,980	3,035	2,995
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,645	-169,643	-69,913	-50,507	-19,807	-10,572	-8,654	0	-12,567	-5,534	0	0	-14,962	0	-5,117
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-265,582	682,037	503,675	-73,284	115,009	9,350	18,965	6,436	86,251	13,696	7,616	-3,261	13,017	-2,066	15,668
Creditors	772,052	1,543,107	71,237	36,703	45,411	8,556	-8,542	418	55,631	17,890	5,329	-6,275	15,397	1,120	28,452
Accruals and Deferred Income	114,947	207,452	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,461	9,500	3,200	2,300	1,200	-1,800	-1,900	1,800	5,200	600	700	400	0	0	0
Cash flow from operations	1,629,602	1,872,018	-112,881	342,179	27,744	56,945	24,863	9,299	42,454	30,787	-1,430	-28,164	48,701	6,105	28,886
Investing Activities
capital expenditure	5,048	-268,123	-38,682	-26,348	-15,967	-5,419	-9,767	-25,989	-43,984	-8,550	-6,775	-2,221	-3,722	-1,432	-8,212
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5,048	-268,123	-38,682	-26,348	-15,967	-5,419	-9,767	-25,989	-43,984	-8,550	-6,775	-2,221	-3,722	-1,432	-8,212
Financing Activities
Bank loans	0	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	0
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	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	204,134	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	0
share issue	131,676	0	0	0	0	0	0	50	0	0	0	0	0	100	100
interest	11,090	-11,502	2,689	275	111	591	226	114	273	220	184	279	242	116	52
cash flow from financing	142,766	192,632	2,689	275	111	591	226	164	273	220	184	279	242	216	152
cash and cash equivalents
cash	977,416	1,246,127	-148,874	316,106	11,888	52,117	15,322	-16,526	-1,257	22,458	-8,021	-30,106	45,221	4,889	20,826
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	977,416	1,246,127	-148,874	316,106	11,888	52,117	15,322	-16,526	-1,257	22,458	-8,021	-30,106	45,221	4,889	20,826

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GM INSURANCE BROKERS LIMITED group structure

Gm Insurance Brokers Limited has no subsidiary companies.

Ultimate parent company

GM INSURANCE BROKERS LIMITED

05058019

GM INSURANCE BROKERS LIMITED Shareholders

assuredpartners international limited

100%

Gm Insurance Brokers Limited currently has 4 directors. The longest serving directors include Mr Gavin Mead (Feb 2004) and Lee Galan-Davis (Feb 2004).

officer	country	age	start	end	role
Mr Gavin Mead	England	54 years	Feb 2004	-	Director
Lee Galan-Davis	England	42 years	Feb 2004	-	Director
Mr David Heathfield	England	46 years	Jan 2024	-	Director
Mr Stuart Quilter	England	47 years	Jan 2024	-	Director

P&L

December 2023

turnover

1.4m

operating profit

483.1k

gross margin

88.2%

turnover

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

Balance Sheet

December 2023

net assets

578.4k

-0.25%

total assets

1.7m

+0.65%

cash

1.3m

+3.44%

net assets

Total assets minus all liabilities

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company number

05058019

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

February 2004

ultimate parent company

None

previous names

N/A

address

metherell gard burn view, bude, cornwall, EX23 8BX

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 1 charges/mortgages relating to gm insurance brokers limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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gm insurance brokers limited Company Information

gm insurance brokers limited Estimated Valuation

gm insurance brokers limited Estimated Valuation

gm insurance brokers limited Estimated Valuation

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