autoprotect (mbi) ltd
autoprotect (mbi) ltd Company Information
Company Number
05089293
Website
www.autoprotect.co.ukRegistered Address
warwick house roydon road, harlow, essex, CM19 5DY
Industry
Activities of insurance agents and brokers
Telephone
01279456500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
autoprotect group limited 100%
autoprotect (mbi) ltd Estimated Valuation
Pomanda estimates the enterprise value of AUTOPROTECT (MBI) LTD at £40.8m based on a Turnover of £24.1m and 1.69x industry multiple (adjusted for size and gross margin).
autoprotect (mbi) ltd Estimated Valuation
Pomanda estimates the enterprise value of AUTOPROTECT (MBI) LTD at £4.5m based on an EBITDA of £479.6k and a 9.48x industry multiple (adjusted for size and gross margin).
autoprotect (mbi) ltd Estimated Valuation
Pomanda estimates the enterprise value of AUTOPROTECT (MBI) LTD at £21.4m based on Net Assets of £7.5m and 2.85x industry multiple (adjusted for liquidity).
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Autoprotect (mbi) Ltd Overview
Autoprotect (mbi) Ltd is a live company located in essex, CM19 5DY with a Companies House number of 05089293. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in March 2004, it's largest shareholder is autoprotect group limited with a 100% stake. Autoprotect (mbi) Ltd is a mature, large sized company, Pomanda has estimated its turnover at £24.1m with declining growth in recent years.
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Autoprotect (mbi) Ltd Health Check
Pomanda's financial health check has awarded Autoprotect (Mbi) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £24.1m, make it larger than the average company (£3m)
£24.1m - Autoprotect (mbi) Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.3%)
-3% - Autoprotect (mbi) Ltd
5.3% - Industry AVG
Production
with a gross margin of 71.2%, this company has a higher cost of product (93.2%)
71.2% - Autoprotect (mbi) Ltd
93.2% - Industry AVG
Profitability
an operating margin of -2.5% make it less profitable than the average company (18.4%)
-2.5% - Autoprotect (mbi) Ltd
18.4% - Industry AVG
Employees
with 137 employees, this is above the industry average (21)
137 - Autoprotect (mbi) Ltd
21 - Industry AVG
Pay Structure
on an average salary of £70.4k, the company has a higher pay structure (£49.6k)
£70.4k - Autoprotect (mbi) Ltd
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £176.2k, this is more efficient (£114.6k)
£176.2k - Autoprotect (mbi) Ltd
£114.6k - Industry AVG
Debtor Days
it gets paid by customers after 156 days, this is later than average (73 days)
156 days - Autoprotect (mbi) Ltd
73 days - Industry AVG
Creditor Days
its suppliers are paid after 1269 days, this is slower than average (103 days)
1269 days - Autoprotect (mbi) Ltd
103 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Autoprotect (mbi) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is average cash available to meet short term requirements (34 weeks)
31 weeks - Autoprotect (mbi) Ltd
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.5%, this is a higher level of debt than the average (62.5%)
83.5% - Autoprotect (mbi) Ltd
62.5% - Industry AVG
AUTOPROTECT (MBI) LTD financials
Autoprotect (Mbi) Ltd's latest turnover from December 2022 is £24.1 million and the company has net assets of £7.5 million. According to their latest financial statements, Autoprotect (Mbi) Ltd has 137 employees and maintains cash reserves of £20.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,145,847 | 25,042,717 | 23,895,607 | 26,417,132 | 23,603,863 | 22,163,155 | 19,532,726 | 20,608,370 | 16,993,704 | 14,651,858 | 12,992,294 | 12,765,581 | 10,642,114 | 8,525,751 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,955,970 | 7,646,867 | 6,873,592 | 9,152,558 | 7,822,242 | 7,285,679 | 9,463,969 | 8,971,508 | 7,771,370 | 7,176,642 | 6,649,487 | 6,237,791 | 4,845,683 | 4,306,500 |
| Gross Profit | 17,189,877 | 17,395,850 | 17,022,015 | 17,264,574 | 15,781,621 | 14,877,476 | 10,068,757 | 11,636,862 | 9,222,334 | 7,475,216 | 6,342,807 | 6,527,790 | 5,796,431 | 4,219,251 |
| Admin Expenses | 17,789,545 | 15,206,755 | 15,157,454 | 15,108,731 | 12,601,588 | 12,256,486 | 12,028,961 | 10,286,372 | 8,616,452 | 7,107,896 | 7,329,078 | 5,904,835 | 5,884,089 | 4,484,182 |
| Operating Profit | -599,668 | 2,189,095 | 1,864,561 | 2,155,843 | 3,180,033 | 2,620,990 | -1,960,204 | 1,350,490 | 605,882 | 367,320 | -986,271 | 622,955 | -87,658 | -264,931 |
| Interest Payable | 139,966 | 86,550 | 94,586 | 133,178 | 196,487 | 1,364 | 3,620 | 17,012 | 18,661 | 1,701 | 3,427 | 3,584 | 2,608 | 2,443 |
| Interest Receivable | 5,584 | 43,752 | 0 | 2,889 | 4,297 | 2,369 | 9,140 | 40 | 7,151 | 4,849 | 10,635 | 5,437 | 6,866 | 5,072 |
| Pre-Tax Profit | -734,050 | 2,146,297 | 1,769,975 | 2,025,554 | 2,987,843 | 2,621,995 | -1,954,684 | 1,333,518 | 594,372 | 370,468 | -979,063 | 624,808 | -83,400 | -262,302 |
| Tax | 543,039 | -431,782 | -380,089 | -407,124 | -560,333 | -212,227 | 224,199 | -211,246 | -164,191 | -129,791 | 136,248 | 268,118 | 80 | 0 |
| Profit After Tax | -191,011 | 1,714,515 | 1,389,886 | 1,618,430 | 2,427,510 | 2,409,768 | -1,730,485 | 1,122,272 | 430,181 | 240,677 | -842,815 | 892,926 | -83,320 | -262,302 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -191,011 | 1,714,515 | 1,400,448 | 1,628,901 | 2,435,730 | 2,407,229 | -1,731,754 | 1,128,189 | 431,774 | 239,170 | -819,316 | 916,402 | -53,836 | -262,302 |
| Employee Costs | 9,649,034 | 8,464,700 | 8,934,425 | 8,424,924 | 7,245,539 | 7,078,958 | 7,488,446 | 5,734,400 | 5,192,982 | 4,190,782 | 3,999,266 | 3,229,918 | 3,266,093 | 2,736,369 |
| Number Of Employees | 137 | 128 | 153 | 173 | 164 | 161 | 159 | 140 | 123 | 105 | 90 | 76 | 70 | 54 |
| EBITDA* | 479,640 | 3,154,482 | 3,011,784 | 3,433,510 | 4,283,658 | 3,613,237 | -1,960,204 | 2,170,058 | 1,354,369 | 1,048,358 | -366,426 | 1,142,495 | 390,630 | 158,016 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 186,033 | 309,379 | 358,404 | 372,830 | 398,490 | 382,253 | 415,027 | 2,254,315 | 2,130,336 | 1,949,969 | 1,581,462 | 1,623,090 | 1,500,094 | 1,297,357 |
| Intangible Assets | 584,730 | 1,214,508 | 2,713,001 | 3,478,293 | 3,783,439 | 2,462,993 | 2,333,856 | 83,823 | 131,672 | 145,739 | 0 | 0 | 0 | 67,386 |
| Investments & Other | 1,604,117 | 1,469,813 | 178,083 | 97,346 | 86,875 | 78,655 | 81,194 | 82,463 | 76,545 | 84,362 | 85,869 | 62,370 | 38,894 | 27,500 |
| Debtors (Due After 1 year) | 200,712 | 200,712 | 0 | 0 | 138,946 | 617,556 | 0 | 1,268,873 | 1,012,606 | 27,272 | 277,266 | 268,196 | 0 | 0 |
| Total Fixed Assets | 2,575,592 | 3,194,412 | 3,249,488 | 3,948,469 | 4,407,750 | 3,541,457 | 2,830,077 | 3,689,474 | 3,351,159 | 2,207,342 | 1,944,597 | 1,953,656 | 1,538,988 | 1,392,243 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,381,503 | 7,980,109 | 8,988,832 | 18,766,499 | 11,376,892 | 12,217,123 | 10,996,671 | 10,268,635 | 7,340,902 | 5,245,802 | 3,079,344 | 2,050,454 | 2,148,865 | 2,009,650 |
| Group Debtors | 9,713,457 | 6,902,446 | 2,031,257 | 0 | 0 | 0 | 1,333,476 | 0 | 0 | 0 | 0 | 0 | 0 | 31,702 |
| Misc Debtors | 2,184,855 | 2,052,602 | 1,821,924 | 2,412,221 | 1,830,084 | 2,276,552 | 1,328,534 | 1,663,205 | 1,169,297 | 1,103,652 | 600,510 | 1,349,571 | 653,535 | 398,841 |
| Cash | 20,584,864 | 19,195,409 | 34,075,849 | 17,250,542 | 20,041,771 | 12,632,998 | 6,886,616 | 3,185,415 | 2,415,637 | 1,727,623 | 2,590,282 | 1,222,772 | 1,719,248 | 3,254,358 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 42,864,679 | 36,130,566 | 46,917,862 | 38,429,262 | 33,248,747 | 27,126,673 | 20,545,297 | 15,117,255 | 10,925,836 | 8,077,077 | 6,270,136 | 4,622,797 | 4,521,648 | 5,694,551 |
| total assets | 45,440,271 | 39,324,978 | 50,167,350 | 42,377,731 | 37,656,497 | 30,668,130 | 23,375,374 | 18,806,729 | 14,276,995 | 10,284,419 | 8,214,733 | 6,576,453 | 6,060,636 | 7,086,794 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 278,800 | 12,403 | 163,200 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,196,252 | 17,133,302 | 30,613,608 | 25,712,050 | 23,093,528 | 20,485,461 | 18,156,799 | 13,972,059 | 8,181,103 | 6,049,517 | 4,395,896 | 2,435,500 | 3,256,905 | 4,294,863 |
| Group/Directors Accounts | 2,334,180 | 2,415,587 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 2,974 | 5,974 | 5,974 | 0 |
| other short term finances | 1,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 | 250,000 | 250,000 | 250,000 |
| hp & lease commitments | 0 | 0 | 0 | 99,696 | 99,882 | 0 | 0 | 56,704 | 54,290 | 3,168 | 11,661 | 12,158 | 6,076 | 6,076 |
| other current liabilities | 6,393,607 | 7,068,846 | 8,264,943 | 6,679,867 | 6,246,711 | 4,808,099 | 4,951,234 | 1,676,379 | 4,277,897 | 2,805,710 | 2,527,380 | 1,265,021 | 861,548 | 788,983 |
| total current liabilities | 33,924,039 | 27,617,735 | 39,878,551 | 33,491,613 | 30,440,121 | 25,293,560 | 23,108,033 | 15,983,942 | 12,525,693 | 9,021,595 | 7,187,911 | 3,968,653 | 4,380,503 | 5,339,922 |
| loans | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,500,000 | 1,800,000 | 0 | 0 | 0 | 0 | 750,000 | 750,000 | 750,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 99,696 | 0 | 0 | 0 | 56,704 | 0 | 3,168 | 14,830 | 3,566 | 9,642 |
| 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 | 30,319 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,000,000 | 4,000,000 | 4,000,000 | 4,030,319 | 4,099,696 | 4,500,000 | 1,800,000 | 0 | 56,704 | 0 | 3,168 | 764,830 | 753,566 | 759,642 |
| total liabilities | 37,924,039 | 31,617,735 | 43,878,551 | 37,521,932 | 34,539,817 | 29,793,560 | 24,908,033 | 15,983,942 | 12,582,397 | 9,021,595 | 7,191,079 | 4,733,483 | 5,134,069 | 6,099,564 |
| net assets | 7,516,232 | 7,707,243 | 6,288,799 | 4,855,799 | 3,116,680 | 874,570 | -1,532,659 | 2,822,787 | 1,694,598 | 1,262,824 | 1,023,654 | 1,842,970 | 926,567 | 987,230 |
| total shareholders funds | 7,516,232 | 7,707,243 | 6,288,799 | 4,855,799 | 3,116,680 | 874,570 | -1,532,659 | 2,822,787 | 1,694,598 | 1,262,824 | 1,023,654 | 1,842,970 | 926,567 | 987,230 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -599,668 | 2,189,095 | 1,864,561 | 2,155,843 | 3,180,033 | 2,620,990 | -1,960,204 | 1,350,490 | 605,882 | 367,320 | -986,271 | 622,955 | -87,658 | -264,931 |
| Depreciation | 176,530 | 138,277 | 106,800 | 185,856 | 132,832 | 142,667 | 764,057 | 702,532 | 644,638 | 619,845 | 519,540 | 410,902 | 330,155 | |
| Amortisation | 902,778 | 827,110 | 1,040,423 | 1,091,811 | 970,793 | 849,580 | 55,511 | 45,955 | 36,400 | 0 | 0 | 67,386 | 92,792 | |
| Tax | 543,039 | -431,782 | -380,089 | -407,124 | -560,333 | -212,227 | 224,199 | -211,246 | -164,191 | -129,791 | 136,248 | 268,118 | 80 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,344,658 | 4,293,856 | -8,336,707 | 7,832,798 | -1,765,309 | 1,452,550 | 457,968 | 3,677,908 | 3,146,079 | 2,419,606 | 288,899 | 865,821 | 362,207 | 2,440,193 |
| Creditors | 7,062,950 | -13,480,306 | 4,901,558 | 2,618,522 | 2,608,067 | 2,328,662 | 4,184,740 | 5,790,956 | 2,131,586 | 1,653,621 | 1,960,396 | -821,405 | -1,037,958 | 4,294,863 |
| Accruals and Deferred Income | -675,239 | -1,196,097 | 1,585,076 | 433,156 | 1,438,612 | -143,135 | 3,274,855 | -2,601,518 | 1,472,187 | 278,330 | 1,262,359 | 403,473 | 72,565 | 788,983 |
| Deferred Taxes & Provisions | 0 | 0 | -30,319 | 30,319 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,065,732 | -16,247,559 | 17,424,717 | -1,724,415 | 9,535,313 | 4,133,987 | 1,470,342 | 1,647,872 | 430,912 | 2,703,678 | 126,860 | -936,890 | 2,801,669 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -2,440,298 | -1,293,752 | -895,698 | -905,377 | -1,251,847 | -578,217 | -646,447 | -593,749 | -564,473 | |||
| Change in Investments | 134,304 | 1,291,730 | 80,737 | 10,471 | 8,220 | -2,539 | -1,269 | 5,918 | -7,817 | -1,507 | 23,499 | 23,476 | 11,394 | 27,500 |
| cash flow from investments | -80,737 | -10,471 | -2,448,518 | -1,292,483 | -901,616 | -897,560 | -1,250,340 | -601,716 | -669,923 | -605,143 | -591,973 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -81,407 | 1,415,587 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | -2,974 | -3,000 | 0 | 5,974 | 0 |
| Other Short Term Loans | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -250,000 | 0 | 0 | 0 | 250,000 |
| Long term loans | 0 | 0 | 0 | 0 | -500,000 | 2,700,000 | 1,800,000 | 0 | 0 | 0 | -750,000 | 0 | 0 | 750,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | -99,696 | -99,882 | 199,578 | 0 | -56,704 | -54,290 | 107,826 | -11,661 | -12,159 | 17,346 | -6,076 | 15,718 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -134,382 | -42,798 | -94,586 | -130,289 | -192,190 | 1,005 | 5,520 | -16,972 | -11,510 | 3,148 | 7,208 | 1,853 | 4,258 | 2,629 |
| cash flow from financing | -215,789 | 2,076,718 | -161,730 | -119,953 | 313,768 | 2,701,005 | -874,876 | -71,262 | 96,316 | -261,487 | -757,951 | 19,200 | -2,671 | 2,267,879 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,389,455 | -14,880,440 | 16,825,307 | -2,791,229 | 7,408,773 | 5,746,382 | 3,701,201 | 769,778 | 688,014 | -862,659 | 1,367,510 | -496,476 | -1,535,110 | 3,254,358 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -278,800 | 266,397 | -150,797 | 163,200 | 0 | 0 | 0 | 0 |
| change in cash | 1,389,455 | -14,880,440 | 16,825,307 | -2,791,229 | 7,408,773 | 5,746,382 | 3,980,001 | 503,381 | 838,811 | -1,025,859 | 1,367,510 | -496,476 | -1,535,110 | 3,254,358 |
autoprotect (mbi) ltd Credit Report and Business Information
Autoprotect (mbi) Ltd Competitor Analysis
Perform a competitor analysis for autoprotect (mbi) ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CM19 area or any other competitors across 12 key performance metrics.
autoprotect (mbi) ltd Ownership
AUTOPROTECT (MBI) LTD group structure
Autoprotect (Mbi) Ltd has 10 subsidiary companies.
Ultimate parent company
CORRELATION THREE HOLDINGS LTD
#0162789
2 parents
AUTOPROTECT (MBI) LTD
05089293
10 subsidiaries
autoprotect (mbi) ltd directors
Autoprotect (Mbi) Ltd currently has 7 directors. The longest serving directors include Mr Michael McVeigh (Jan 2019) and Mr Graeme Nieman (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael McVeigh | 53 years | Jan 2019 | - | Director | |
| Mr Graeme Nieman | United Kingdom | 38 years | Jan 2019 | - | Director |
| Miss Sanet Uys | United Kingdom | 49 years | Nov 2021 | - | Director |
| Mr Andrew Rothwell | 52 years | Jun 2022 | - | Director | |
| Mr Ben Moore | England | 47 years | Jun 2022 | - | Director |
| Mr Michael Edwards | 39 years | Jun 2022 | - | Director | |
| Mr David Chard | England | 46 years | Mar 2023 | - | Director |
P&L
December 2022turnover
24.1m
-4%
operating profit
-599.7k
-127%
gross margin
71.2%
+2.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.5m
-0.02%
total assets
45.4m
+0.16%
cash
20.6m
+0.07%
net assets
Total assets minus all liabilities
autoprotect (mbi) ltd company details
company number
05089293
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
March 2004
age
20
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
warwick house roydon road, harlow, essex, CM19 5DY
last accounts submitted
December 2022
autoprotect (mbi) 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 found 2 charges/mortgages relating to autoprotect (mbi) ltd. Currently there are 0 open charges and 2 have been satisfied in the past.
autoprotect (mbi) ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
