insurance & reinsurance legacy association limited

Live MatureSmallHealthy

insurance & reinsurance legacy association limited Company Information

Share INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED

Company Number

05473672

Directors

Paul Corver

Jennifer Fair

View All

Shareholders

-

Group Structure

View All

Industry

Activities of professional membership organisations

 

Registered Address

suite 8 norfolk house, williamsport way, lion barn indu, ipswich, IP6 8RW

insurance & reinsurance legacy association limited Estimated Valuation

£1.2m

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

£0

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

£594k

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).

Edit your figures and get a professional valuation report.

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £3m, make it larger than the average company (£837.1k)

£3m - Insurance & Reinsurance Legacy Association Limited

£837.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (10%)

13% - Insurance & Reinsurance Legacy Association Limited

10% - Industry AVG

production

Production

with a gross margin of 46.1%, this company has a higher cost of product (69.5%)

46.1% - Insurance & Reinsurance Legacy Association Limited

69.5% - Industry AVG

profitability

Profitability

an operating margin of -1.1% make it less profitable than the average company (1.1%)

-1.1% - Insurance & Reinsurance Legacy Association Limited

1.1% - Industry AVG

employees

Employees

with 17 employees, this is above the industry average (12)

17 - Insurance & Reinsurance Legacy Association Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)

£50.1k - Insurance & Reinsurance Legacy Association Limited

£50.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £174.5k, this is more efficient (£111.2k)

£174.5k - Insurance & Reinsurance Legacy Association Limited

£111.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (23 days)

66 days - Insurance & Reinsurance Legacy Association Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (28 days)

15 days - Insurance & Reinsurance Legacy Association Limited

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Insurance & Reinsurance Legacy Association Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Insurance & Reinsurance Legacy Association Limited

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover2,966,9932,132,8832,187,9882,074,9832,340,9711,527,3291,199,0911,198,520428,292586,073369,745330,130523,669533,522590,441
Other Income Or Grants
Cost Of Sales1,599,8211,184,8691,152,5051,140,4251,303,160905,271678,476649,569236,250362,871242,193204,925339,109343,270353,564
Gross Profit1,367,172948,0141,035,483934,5591,037,811622,058520,615548,951192,043223,202127,552125,205184,561190,252236,877
Admin Expenses1,399,817857,331853,205901,8001,107,116636,546475,626552,927168,101200,246121,563120,412188,225175,509195,792
Operating Profit-32,64590,683182,27832,759-69,305-14,48844,989-3,97623,94222,9565,9894,793-3,66414,74341,085
Interest Payable
Interest Receivable157544461458468446405200
Pre-Tax Profit-32,64590,683182,27832,759-69,305-14,48844,989-3,81924,48623,4186,4475,261-3,21815,14741,285
Tax-22,671-34,633-6,224-8,548-4,897-4,683-1,354-1,210-3,938-11,560
Profit After Tax-32,64568,012147,64526,535-69,305-14,48836,441-3,81919,58918,7345,0934,051-3,21811,20929,725
Dividends Paid
Retained Profit-32,64568,012147,64526,535-69,305-14,48836,441-3,81919,58918,7345,0934,051-3,21811,20929,725
Employee Costs851,871595,029660,378702,890664,016450,820324,965326,856116,407151,823117,85877,048147,759149,693182,844
Number Of Employees171315171611883432445
EBITDA*-32,64590,683182,27832,759-69,305-14,48844,989-3,97624,05923,0806,0534,838-3,59814,84343,735

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets991482213304957437312220131812989134200300
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets991482213304957437312220131812989134200300
Stock & work in progress
Trade Debtors536,937428,978377,010335,436396,543251,776209,162197,27766,00394,32154,78256,73477,99474,46587,932
Group Debtors
Misc Debtors39,47713,26418,773120,773
Cash125,29792,40792,07290,97596,20682,05179,802
misc current assets
total current assets576,414442,242395,783456,209396,543251,776209,162197,277191,300186,728146,854147,709174,200156,516167,734
total assets576,513442,390396,004456,539397,038252,519209,235197,399191,501187,046146,983147,798174,334156,716168,034
Bank overdraft
Bank loan
Trade Creditors 68,7896,4112,01022,437363,026149,20291,430116,035106,318121,452100,123106,031136,618115,782138,309
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities68,7896,4112,01022,437363,026149,20291,430116,035106,318121,452100,123106,031136,618115,782138,309
loans
hp & lease commitments
Accruals and Deferred Income264,165159,775185,802373,555
other liabilities
provisions
total long term liabilities264,165159,775185,802373,555
total liabilities332,954166,186187,812395,992363,026149,20291,430116,035106,318121,452100,123106,031136,618115,782138,309
net assets243,559276,204208,19260,54734,012103,317117,80581,36485,18365,59446,86041,76737,71640,93429,725
total shareholders funds243,559276,204208,19260,54734,012103,317117,80581,36485,18365,59446,86041,76737,71640,93429,725
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-32,64590,683182,27832,759-69,305-14,48844,989-3,97623,94222,9565,9894,793-3,66414,74341,085
Depreciation1171246445661002,650
Amortisation
Tax-22,671-34,633-6,224-8,548-4,897-4,683-1,354-1,210-3,938-11,560
Stock
Debtors134,17246,459-60,42659,666144,76742,61411,885131,274-28,31839,539-1,952-21,2603,529-13,46787,932
Creditors62,3784,401-20,427-340,589213,82457,772-24,6059,717-15,13421,329-5,908-30,58720,836-22,527138,309
Accruals and Deferred Income104,390-26,027-187,753373,555
Deferred Taxes & Provisions
Cash flow from operations-49-73-109-165-248670-49-125,53332,346187743-5,69913,7091,84582,552
Investing Activities
capital expenditure4973109165248-6704979-313-104-2,950
Change in Investments
cash flow from investments4973109165248-6704979-313-104-2,950
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
interest157544461458468446405200
cash flow from financing157544461458468446405200
cash and cash equivalents
cash-125,29732,8903351,097-5,23114,1552,24979,802
overdraft
change in cash-125,29732,8903351,097-5,23114,1552,24979,802

insurance & reinsurance legacy association limited 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 insurance & reinsurance legacy association limited. Get real-time insights into insurance & reinsurance legacy association limited'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

Insurance & Reinsurance Legacy Association Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

--

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).

officercountryagestartendrole
Mr Paul CorverUnited Kingdom60 years Nov 2007- Director
Ms Jennifer FairEngland71 years Oct 2011- Director
Mr James Bolton57 years May 2016- Director
Mr Kevin GillEngland57 years Nov 2020- Director
Ms Leslie-Ann GiovnilliEngland64 years Nov 2021- Director
Mr Liam BedfordEngland35 years Apr 2023- Director
Mr Gian Di FrancoEngland37 years Apr 2023- Director
Mr Richard Burrows36 years Apr 2023- Director
Mr Adam HorridgeEngland34 years Apr 2023- Director
Mr Anirvan ChoudhuryEngland44 years Jun 2024- Director

P&L

June 2024

turnover

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 2024

net 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

None

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.

Click to start generating capital raising & share issue transactions for INSURANCE & REINSURANCE LEGACY ASSOCIATION LIMITED. This can take several minutes, an email will notify you when this has completed.

insurance & reinsurance legacy association limited Companies House Filings - See Documents

datedescriptionview/download