insurance & reinsurance legacy association limited
insurance & reinsurance legacy association limited Company Information
Group Structure
View All
Industry
Activities of professional membership organisations
Registered Address
suite 8 norfolk house, williamsport way, lion barn indu, ipswich, IP6 8RW
Website
www.irla-international.cominsurance & reinsurance legacy association limited Estimated Valuation
Pomanda estimates the enterprise value of INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED at £1.2m based on a Turnover of £3m and 0.41x industry multiple (adjusted for size and gross margin).
insurance & reinsurance legacy association limited Estimated Valuation
Pomanda estimates the enterprise value of INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED at £0 based on an EBITDA of £-32.6k and a 2.2x industry multiple (adjusted for size and gross margin).
insurance & reinsurance legacy association limited Estimated Valuation
Pomanda estimates the enterprise value of INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED at £594k based on Net Assets of £243.6k and 2.44x industry multiple (adjusted for liquidity).
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Insurance & Reinsurance Legacy Association Limited Overview
Insurance & Reinsurance Legacy Association Limited is a live company located in ipswich, IP6 8RW with a Companies House number of 05473672. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in June 2005, it's largest shareholder is unknown. Insurance & Reinsurance Legacy Association Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with healthy growth in recent years.
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Insurance & Reinsurance Legacy Association Limited Health Check
Pomanda's financial health check has awarded Insurance & Reinsurance Legacy Association Limited a 3 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 £3m, make it larger than the average company (£837.1k)
- Insurance & Reinsurance Legacy Association Limited
£837.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (10%)
- Insurance & Reinsurance Legacy Association Limited
10% - Industry AVG
Production
with a gross margin of 46.1%, this company has a higher cost of product (69.5%)
- Insurance & Reinsurance Legacy Association Limited
69.5% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (1.1%)
- Insurance & Reinsurance Legacy Association Limited
1.1% - Industry AVG
Employees
with 17 employees, this is above the industry average (12)
- Insurance & Reinsurance Legacy Association Limited
12 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Insurance & Reinsurance Legacy Association Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £174.5k, this is more efficient (£111.2k)
- Insurance & Reinsurance Legacy Association Limited
£111.2k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (23 days)
- Insurance & Reinsurance Legacy Association Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (28 days)
- Insurance & Reinsurance Legacy Association Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Insurance & Reinsurance Legacy Association Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Insurance & Reinsurance Legacy Association Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.8%, this is a higher level of debt than the average (26.4%)
57.8% - Insurance & Reinsurance Legacy Association Limited
26.4% - Industry AVG
INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED financials
Insurance & Reinsurance Legacy Association Limited's latest turnover from June 2024 is estimated at £3 million and the company has net assets of £243.6 thousand. According to their latest financial statements, we estimate that Insurance & Reinsurance Legacy Association Limited has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 99 | 148 | 221 | 330 | 495 | 743 | 73 | 122 | 201 | 318 | 129 | 89 | 134 | 200 | 300 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 99 | 148 | 221 | 330 | 495 | 743 | 73 | 122 | 201 | 318 | 129 | 89 | 134 | 200 | 300 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 536,937 | 428,978 | 377,010 | 335,436 | 396,543 | 251,776 | 209,162 | 197,277 | 66,003 | 94,321 | 54,782 | 56,734 | 77,994 | 74,465 | 87,932 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 39,477 | 13,264 | 18,773 | 120,773 | |||||||||||
| Cash | 125,297 | 92,407 | 92,072 | 90,975 | 96,206 | 82,051 | 79,802 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 576,414 | 442,242 | 395,783 | 456,209 | 396,543 | 251,776 | 209,162 | 197,277 | 191,300 | 186,728 | 146,854 | 147,709 | 174,200 | 156,516 | 167,734 |
| total assets | 576,513 | 442,390 | 396,004 | 456,539 | 397,038 | 252,519 | 209,235 | 197,399 | 191,501 | 187,046 | 146,983 | 147,798 | 174,334 | 156,716 | 168,034 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 68,789 | 6,411 | 2,010 | 22,437 | 363,026 | 149,202 | 91,430 | 116,035 | 106,318 | 121,452 | 100,123 | 106,031 | 136,618 | 115,782 | 138,309 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 68,789 | 6,411 | 2,010 | 22,437 | 363,026 | 149,202 | 91,430 | 116,035 | 106,318 | 121,452 | 100,123 | 106,031 | 136,618 | 115,782 | 138,309 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 264,165 | 159,775 | 185,802 | 373,555 | |||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 264,165 | 159,775 | 185,802 | 373,555 | |||||||||||
| total liabilities | 332,954 | 166,186 | 187,812 | 395,992 | 363,026 | 149,202 | 91,430 | 116,035 | 106,318 | 121,452 | 100,123 | 106,031 | 136,618 | 115,782 | 138,309 |
| net assets | 243,559 | 276,204 | 208,192 | 60,547 | 34,012 | 103,317 | 117,805 | 81,364 | 85,183 | 65,594 | 46,860 | 41,767 | 37,716 | 40,934 | 29,725 |
| total shareholders funds | 243,559 | 276,204 | 208,192 | 60,547 | 34,012 | 103,317 | 117,805 | 81,364 | 85,183 | 65,594 | 46,860 | 41,767 | 37,716 | 40,934 | 29,725 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 117 | 124 | 64 | 45 | 66 | 100 | 2,650 | ||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 134,172 | 46,459 | -60,426 | 59,666 | 144,767 | 42,614 | 11,885 | 131,274 | -28,318 | 39,539 | -1,952 | -21,260 | 3,529 | -13,467 | 87,932 |
| Creditors | 62,378 | 4,401 | -20,427 | -340,589 | 213,824 | 57,772 | -24,605 | 9,717 | -15,134 | 21,329 | -5,908 | -30,587 | 20,836 | -22,527 | 138,309 |
| Accruals and Deferred Income | 104,390 | -26,027 | -187,753 | 373,555 | |||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -125,297 | 32,890 | 335 | 1,097 | -5,231 | 14,155 | 2,249 | 79,802 | |||||||
| overdraft | |||||||||||||||
| change in cash | -125,297 | 32,890 | 335 | 1,097 | -5,231 | 14,155 | 2,249 | 79,802 |
insurance & reinsurance legacy association limited Credit Report and Business Information
Insurance & Reinsurance Legacy Association Limited Competitor Analysis
Perform a competitor analysis for insurance & reinsurance legacy association limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in IP6 area or any other competitors across 12 key performance metrics.
insurance & reinsurance legacy association limited Ownership
INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED group structure
Insurance & Reinsurance Legacy Association Limited has no subsidiary companies.
Ultimate parent company
INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED
05473672
insurance & reinsurance legacy association limited directors
Insurance & Reinsurance Legacy Association Limited currently has 10 directors. The longest serving directors include Mr Paul Corver (Nov 2007) and Ms Jennifer Fair (Oct 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Corver | United Kingdom | 60 years | Nov 2007 | - | Director |
| Ms Jennifer Fair | England | 71 years | Oct 2011 | - | Director |
| Mr James Bolton | 57 years | May 2016 | - | Director | |
| Mr Kevin Gill | England | 57 years | Nov 2020 | - | Director |
| Ms Leslie-Ann Giovnilli | England | 64 years | Nov 2021 | - | Director |
| Mr Liam Bedford | England | 35 years | Apr 2023 | - | Director |
| Mr Gian Di Franco | England | 37 years | Apr 2023 | - | Director |
| Mr Richard Burrows | 36 years | Apr 2023 | - | Director | |
| Mr Adam Horridge | England | 34 years | Apr 2023 | - | Director |
| Mr Anirvan Choudhury | England | 44 years | Jun 2024 | - | Director |
P&L
June 2024turnover
3m
+39%
operating profit
-32.6k
0%
gross margin
46.1%
+3.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
243.6k
-0.12%
total assets
576.5k
+0.3%
cash
0
0%
net assets
Total assets minus all liabilities
insurance & reinsurance legacy association limited company details
company number
05473672
Type
Private Ltd By Guarantee w/o Share Cap
industry
94120 - Activities of professional membership organisations
incorporation date
June 2005
age
20
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2024
previous names
association of run-off companies limited (March 2012)
accountant
GASCOYNES
auditor
-
address
suite 8 norfolk house, williamsport way, lion barn indu, ipswich, IP6 8RW
Bank
-
Legal Advisor
-
insurance & reinsurance legacy association 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 did not find charges/mortgages relating to insurance & reinsurance legacy association limited.
insurance & reinsurance legacy association 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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insurance & reinsurance legacy association limited Companies House Filings - See Documents
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