ace european holdings no 2 limited
ace european holdings no 2 limited Company Information
Company Number
05548342
Website
acegroup.comRegistered Address
mazars llp tower bridge house, st katharines way, london, E1W 1DD
Industry
Activities of financial services holding companies
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
undisclosed 100%
ace european holdings no 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ACE EUROPEAN HOLDINGS NO 2 LIMITED at £164.3m based on a Turnover of £69.1m and 2.38x industry multiple (adjusted for size and gross margin).
ace european holdings no 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ACE EUROPEAN HOLDINGS NO 2 LIMITED at £660.6m based on an EBITDA of £69.1m and a 9.56x industry multiple (adjusted for size and gross margin).
ace european holdings no 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ACE EUROPEAN HOLDINGS NO 2 LIMITED at £2.1b based on Net Assets of £1.2b and 1.82x industry multiple (adjusted for liquidity).
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Ace European Holdings No 2 Limited Overview
Ace European Holdings No 2 Limited is a dissolved company that was located in london, E1W 1DD with a Companies House number of 05548342. It operated in the activities of financial services holding companies sector, SIC Code 64205. Founded in August 2005, it's largest shareholder was undisclosed with a 100% stake. The last turnover for Ace European Holdings No 2 Limited was estimated at £69.1m.
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Ace European Holdings No 2 Limited Health Check
Pomanda's financial health check has awarded Ace European Holdings No 2 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 0 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
0 Weak
Size
annual sales of £69.1m, make it larger than the average company (£8.8m)
£69.1m - Ace European Holdings No 2 Limited
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.8%)
11% - Ace European Holdings No 2 Limited
3.8% - Industry AVG
Production
with a gross margin of 76.5%, this company has a comparable cost of product (76.5%)
76.5% - Ace European Holdings No 2 Limited
76.5% - Industry AVG
Profitability
an operating margin of 100% make it more profitable than the average company (11.6%)
100% - Ace European Holdings No 2 Limited
11.6% - Industry AVG
Employees
with 326 employees, this is above the industry average (60)
- Ace European Holdings No 2 Limited
60 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Ace European Holdings No 2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £211.9k, this is equally as efficient (£212.4k)
- Ace European Holdings No 2 Limited
£212.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ace European Holdings No 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ace European Holdings No 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ace European Holdings No 2 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ace European Holdings No 2 Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Ace European Holdings No 2 Limited
- - Industry AVG
ACE EUROPEAN HOLDINGS NO 2 LIMITED financials
Ace European Holdings No 2 Limited's latest turnover from December 2016 is £69.1 million and the company has net assets of £1.2 billion. According to their latest financial statements, we estimate that Ace European Holdings No 2 Limited has 326 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 69,093,000 | 0 | 33,959,000 | 50,939,000 | 149,420,000 | 0 | 50,938,000 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 0 | 0 | 0 | 0 | ||||
| Gross Profit | 0 | 33,959,000 | 0 | 0 | ||||
| Admin Expenses | 0 | 0 | 0 | 0 | ||||
| Operating Profit | 69,093,000 | 0 | 33,959,000 | 50,939,000 | 149,420,000 | 0 | 50,938,000 | 0 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 5,021,000 | 5,259,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 445,000 | 0 | 0 | 0 |
| Pre-Tax Profit | 22,416,000 | 0 | 33,959,000 | 50,956,000 | 150,657,000 | -632,000 | 45,917,000 | -5,670,000 |
| Tax | 0 | 0 | 0 | 0 | -36,000 | 48,000 | 1,406,000 | 2,635,000 |
| Profit After Tax | 22,416,000 | 0 | 33,959,000 | 50,956,000 | 150,621,000 | -584,000 | 47,323,000 | -3,035,000 |
| Dividends Paid | 0 | 0 | 33,959,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 22,416,000 | 0 | 0 | 50,956,000 | 150,621,000 | -584,000 | 47,323,000 | -3,035,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | |||
| Number Of Employees | ||||||||
| EBITDA* | 69,093,000 | 0 | 33,959,000 | 50,939,000 | 149,420,000 | 0 | 50,938,000 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,157,178,000 | 287,975,000 | 287,975,000 | 287,975,000 | 287,975,000 | 271,967,000 | 261,582,000 | 261,582,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,157,178,000 | 287,975,000 | 287,975,000 | 287,975,000 | 287,975,000 | 271,967,000 | 261,582,000 | 261,582,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 282,000 | 282,000 | 282,000 | 282,000 | 265,000 | 7,170,000 | 15,063,000 | 8,709,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 282,000 | 282,000 | 282,000 | 282,000 | 265,000 | 7,170,000 | 15,063,000 | 8,709,000 |
| total assets | 1,157,460,000 | 288,257,000 | 288,257,000 | 288,257,000 | 288,240,000 | 279,137,000 | 276,645,000 | 270,291,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000,000 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 7,215,000 | 14,970,000 | 5,000,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 0 | 0 | 0 | 7,215,000 | 14,970,000 | 105,000,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 0 | 0 | 0 | 0 | 0 | 7,215,000 | 14,970,000 | 105,000,000 |
| net assets | 1,157,460,000 | 288,257,000 | 288,257,000 | 288,257,000 | 288,240,000 | 271,922,000 | 261,675,000 | 165,291,000 |
| total shareholders funds | 1,157,460,000 | 288,257,000 | 288,257,000 | 288,257,000 | 288,240,000 | 271,922,000 | 261,675,000 | 165,291,000 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 69,093,000 | 0 | 33,959,000 | 50,939,000 | 149,420,000 | 0 | 50,938,000 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -36,000 | 48,000 | 1,406,000 | 2,635,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 17,000 | -6,905,000 | -7,893,000 | 6,354,000 | 8,709,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 69,093,000 | 0 | 33,959,000 | 50,922,000 | 156,289,000 | 7,941,000 | 45,990,000 | -6,074,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 869,203,000 | 0 | 0 | 0 | 16,008,000 | 10,385,000 | 0 | 261,582,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -100,000,000 | 100,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -7,215,000 | -7,755,000 | 9,970,000 | 5,000,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 0 | 0 | 445,000 | 0 | -5,021,000 | -5,259,000 |
| cash flow from financing | 846,787,000 | 0 | 0 | -50,939,000 | -141,073,000 | 3,076,000 | -45,990,000 | 268,067,000 |
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ace european holdings no 2 limited Credit Report and Business Information
Ace European Holdings No 2 Limited Competitor Analysis
Perform a competitor analysis for ace european holdings no 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in E1W area or any other competitors across 12 key performance metrics.
ace european holdings no 2 limited Ownership
ACE EUROPEAN HOLDINGS NO 2 LIMITED group structure
Ace European Holdings No 2 Limited has 1 subsidiary company.
Ultimate parent company
CHUBB LTD
#0017072
2 parents
ACE EUROPEAN HOLDINGS NO 2 LIMITED
05548342
1 subsidiary
ace european holdings no 2 limited directors
Ace European Holdings No 2 Limited currently has 3 directors. The longest serving directors include Mr Andrew Kendrick (Aug 2005) and Mr Mark Hammond (Aug 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Kendrick | United Kingdom | 67 years | Aug 2005 | - | Director |
| Mr Mark Hammond | United Kingdom | 64 years | Aug 2013 | - | Director |
| Mr Ashley Mullins | United Kingdom | 48 years | Feb 2016 | - | Director |
P&L
December 2016turnover
69.1m
0%
operating profit
69.1m
0%
gross margin
76.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
1.2b
+3.02%
total assets
1.2b
+3.02%
cash
0
0%
net assets
Total assets minus all liabilities
ace european holdings no 2 limited company details
company number
05548342
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
August 2005
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2016
previous names
N/A
accountant
-
auditor
-
address
mazars llp tower bridge house, st katharines way, london, E1W 1DD
Bank
-
Legal Advisor
-
ace european holdings no 2 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 ace european holdings no 2 limited.
ace european holdings no 2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
