legal & general pensions limited
legal & general pensions limited Company Information
Company Number
05935873
Website
www.legalandgeneral.comRegistered Address
one coleman street, london, EC2R 5AA
Industry
Non-life reinsurance
Telephone
02031242000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
legal & general assurance society ltd 100%
legal & general pensions limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL & GENERAL PENSIONS LIMITED at £542.5m based on a Turnover of £170.3m and 3.19x industry multiple (adjusted for size and gross margin).
legal & general pensions limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL & GENERAL PENSIONS LIMITED at £3.1b based on an EBITDA of £171.6m and a 18.25x industry multiple (adjusted for size and gross margin).
legal & general pensions limited Estimated Valuation
Pomanda estimates the enterprise value of LEGAL & GENERAL PENSIONS LIMITED at £0 based on Net Assets of £0 and 2.36x industry multiple (adjusted for liquidity).
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Legal & General Pensions Limited Overview
Legal & General Pensions Limited is a live company located in london, EC2R 5AA with a Companies House number of 05935873. It operates in the non-life reinsurance sector, SIC Code 65202. Founded in September 2006, it's largest shareholder is legal & general assurance society ltd with a 100% stake. Legal & General Pensions Limited is a established, mega sized company, Pomanda has estimated its turnover at £170.3m with high growth in recent years.
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Legal & General Pensions Limited Health Check
Pomanda's financial health check has awarded Legal & General Pensions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £170.3m, make it larger than the average company (£1.2m)
£170.3m - Legal & General Pensions Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (2.6%)
19% - Legal & General Pensions Limited
2.6% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Legal & General Pensions Limited
100% - Industry AVG
Profitability
an operating margin of 100.8% make it more profitable than the average company (14%)
100.8% - Legal & General Pensions Limited
14% - Industry AVG
Employees
with 827 employees, this is above the industry average (9)
- Legal & General Pensions Limited
9 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Legal & General Pensions Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £205.9k, this is equally as efficient (£206.5k)
- Legal & General Pensions Limited
£206.5k - Industry AVG
Debtor Days
it gets paid by customers after 565 days, this is later than average (229 days)
565 days - Legal & General Pensions Limited
229 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Legal & General Pensions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Legal & General Pensions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (23 weeks)
2 weeks - Legal & General Pensions Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (77.5%)
100% - Legal & General Pensions Limited
77.5% - Industry AVG
LEGAL & GENERAL PENSIONS LIMITED financials
Legal & General Pensions Limited's latest turnover from December 2022 is £170.3 million and the company has net assets of 0. According to their latest financial statements, we estimate that Legal & General Pensions Limited has 827 employees and maintains cash reserves of £19.8 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 | 170,275,000 | 146,982,000 | 124,408,000 | 99,958,000 | 91,465,000 | 80,143,000 | 72,737,000 | 4,399,000,000 | 11,310,000,000 | 5,509,000,000 | 6,793,000,000 | 6,006,000,000 | 5,554,000,000 | 2,748,000,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Gross Profit | 170,275,000 | 146,982,000 | 124,408,000 | 99,958,000 | 91,465,000 | 80,143,000 | 72,737,000 | |||||||
| Admin Expenses | -1,323,000 | -3,029,000 | -2,628,000 | -8,603,000 | -355,000 | 538,000 | 3,567,000 | |||||||
| Operating Profit | 171,598,000 | 150,011,000 | 127,036,000 | 108,561,000 | 91,820,000 | 79,605,000 | 69,170,000 | |||||||
| Interest Payable | 193,915,000 | 142,989,000 | 121,930,000 | 97,032,000 | 90,019,000 | 76,608,000 | 68,377,000 | 0 | 376,000,000 | 0 | 1,000,000 | 11,000,000 | 11,000,000 | |
| Interest Receivable | 15,402,000 | 14,000 | 352,000 | 2,103,000 | 629,000 | 0 | 0 | |||||||
| Pre-Tax Profit | 0 | 0 | 0 | 0 | 601,000 | 0 | 0 | 3,606,000,000 | 192,000,000 | 274,000,000 | 152,000,000 | 349,000,000 | 405,000,000 | 537,000,000 |
| Tax | 0 | 0 | 0 | 0 | -601,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,000,000 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,885,000,000 | 167,000,000 | 206,000,000 | 117,000,000 | 269,000,000 | 279,000,000 | 485,000,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 3,798,854,000 | 347,000,000 | 240,000,000 | 115,000,000 | 125,000,000 | 0 | 0 | 0 |
| Retained Profit | 0 | 0 | 0 | 0 | 0 | 0 | -3,798,854,000 | 2,538,000,000 | -73,000,000 | 91,000,000 | -8,000,000 | 269,000,000 | 279,000,000 | 485,000,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 171,598,000 | 150,011,000 | 127,036,000 | 108,561,000 | 91,820,000 | 79,605,000 | 69,170,000 |
* 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 | 0 | 4,916,349,000 | 3,889,142,000 | 3,536,584,000 | 2,610,449,000 | 2,228,122,000 | 1,538,529,000 | 1,367,000,000 | 1,296,000,000 | 1,215,000,000 | 893,000,000 | 737,000,000 | 458,000,000 | 16,920,000,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,045,730,000 | 4,750,735,000 | 3,819,238,000 | 3,484,380,000 | 2,581,839,000 | 2,198,624,000 | 1,511,236,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 159,078,000 | 165,614,000 | 69,904,000 | 52,204,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,204,808,000 | 4,916,349,000 | 3,889,142,000 | 3,536,584,000 | 2,610,449,000 | 2,228,122,000 | 1,538,529,000 | 1,367,000,000 | 1,296,000,000 | 1,215,000,000 | 893,000,000 | 737,000,000 | 458,000,000 | 16,920,000,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 263,920,000 | 87,797,000 | 507,789,000 | 0 | 342,257,000 | 37,809,000 | 24,371,000 | 0 | 4,408,000,000 | 30,000,000 | 11,000,000 | 8,000,000 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 156,937,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 438,090,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 19,814,000 | 31,107,000 | 36,957,000 | 159,042,000 | 206,335,000 | 34,526,000 | 37,556,000 | 12,000,000 | 194,000,000 | 189,000,000 | 216,000,000 | 321,000,000 | 156,000,000 | 81,000,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000,000 | 46,489,000,000 | 33,718,000,000 | 33,265,000,000 | 29,993,000,000 | 25,636,000,000 | 3,000,000 |
| total current assets | 283,734,000 | 118,904,000 | 544,746,000 | 754,069,000 | 548,592,000 | 72,335,000 | 61,927,000 | 4,562,000,000 | 51,800,000,000 | 34,320,000,000 | 33,858,000,000 | 30,559,000,000 | 25,850,000,000 | 6,734,000,000 |
| total assets | 4,488,542,000 | 5,035,253,000 | 4,433,888,000 | 4,290,653,000 | 3,159,041,000 | 2,300,457,000 | 1,600,456,000 | 5,929,000,000 | 53,096,000,000 | 35,535,000,000 | 34,751,000,000 | 31,296,000,000 | 26,308,000,000 | 23,654,000,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,000 | 2,000,000 | 2,000,000 | 222,000,000 | 592,000,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,184,000 | 539,000 | 9,469,000 | 1,655,000 | 2,002,000 | 0 | 0 | 0 | 44,789,000,000 | 32,754,000,000 | 30,389,000,000 | 26,483,000,000 | 23,422,000,000 | 0 |
| Group/Directors Accounts | 149,107,000 | 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 | 9,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 240,162,000 | 230,114,000 | 209,839,000 | 287,420,000 | 137,121,000 | 137,703,000 | 88,422,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 400,453,000 | 230,653,000 | 219,308,000 | 289,075,000 | 139,123,000 | 137,703,000 | 88,422,000 | 2,129,000,000 | 51,835,000,000 | 34,201,000,000 | 33,508,000,000 | 30,045,000,000 | 25,326,000,000 | 2,366,000,000 |
| loans | 0 | 4,806,928,000 | 4,216,908,000 | 4,003,906,000 | 3,018,886,000 | 2,161,722,000 | 1,511,002,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,360,000 | 3,360,000 | 3,360,000 | 3,360,000 | 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 |
| other liabilities | 4,083,697,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,032,000 | 2,064,000 | 2,064,000 | 2,064,000 | 2,064,000 | 2,064,000 | 2,064,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,088,089,000 | 4,804,600,000 | 4,214,580,000 | 4,001,578,000 | 3,019,918,000 | 2,162,754,000 | 1,512,034,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 20,590,000,000 |
| total liabilities | 4,488,542,000 | 5,035,253,000 | 4,433,888,000 | 4,290,653,000 | 3,159,041,000 | 2,300,457,000 | 1,600,456,000 | 2,130,000,000 | 51,835,000,000 | 34,201,000,000 | 33,508,000,000 | 30,045,000,000 | 25,326,000,000 | 22,956,000,000 |
| net assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,799,000,000 | 1,261,000,000 | 1,334,000,000 | 1,243,000,000 | 1,251,000,000 | 982,000,000 | 698,000,000 |
| total shareholders funds | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,799,000,000 | 1,261,000,000 | 1,334,000,000 | 1,243,000,000 | 1,251,000,000 | 982,000,000 | 698,000,000 |
| 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 | 171,598,000 | 150,011,000 | 127,036,000 | 108,561,000 | 91,820,000 | 79,605,000 | 69,170,000 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | 0 | 0 | 0 | 0 | -601,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,000,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 169,587,000 | -324,282,000 | -69,538,000 | 304,974,000 | 304,448,000 | 13,438,000 | 24,371,000 | -4,408,000,000 | 4,378,000,000 | 19,000,000 | 3,000,000 | 8,000,000 | 0 | 0 |
| Creditors | 10,645,000 | -8,930,000 | 7,814,000 | -347,000 | 2,002,000 | 0 | 0 | -44,789,000,000 | 12,035,000,000 | 2,365,000,000 | 3,906,000,000 | 3,061,000,000 | 23,422,000,000 | 0 |
| Accruals and Deferred Income | 10,048,000 | 20,275,000 | -77,581,000 | 150,299,000 | -582,000 | 49,281,000 | 88,422,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -1,032,000 | 0 | 0 | 0 | 0 | 0 | 2,064,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 21,672,000 | 485,638,000 | 126,807,000 | -46,461,000 | -211,809,000 | 115,448,000 | 135,285,000 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -705,005,000 | 931,497,000 | 334,858,000 | 902,541,000 | 383,215,000 | 687,388,000 | 1,511,236,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 149,107,000 | 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 | -9,000,000 | 9,000,000 |
| Long term loans | -4,806,928,000 | 590,020,000 | 213,002,000 | 985,020,000 | 857,164,000 | 650,720,000 | 1,511,002,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 3,360,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 4,083,697,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -178,513,000 | -142,975,000 | -121,578,000 | -94,929,000 | -89,390,000 | -76,608,000 | -68,377,000 | |||||||
| cash flow from financing | -752,637,000 | 447,045,000 | 91,424,000 | 893,451,000 | 767,774,000 | 574,112,000 | 1,442,479,000 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -11,293,000 | -5,850,000 | -122,085,000 | -47,293,000 | 171,809,000 | -3,030,000 | 25,556,000 | -182,000,000 | 5,000,000 | -27,000,000 | -105,000,000 | 165,000,000 | 75,000,000 | 81,000,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,000,000 | 0 | 0 | -220,000,000 | -370,000,000 | 592,000,000 | 0 |
| change in cash | -11,293,000 | -5,850,000 | -122,085,000 | -47,293,000 | 171,809,000 | -3,030,000 | 25,556,000 | -180,000,000 | 5,000,000 | -27,000,000 | 115,000,000 | 535,000,000 | -517,000,000 | 81,000,000 |
legal & general pensions limited Credit Report and Business Information
Legal & General Pensions Limited Competitor Analysis
Perform a competitor analysis for legal & general pensions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
legal & general pensions limited Ownership
LEGAL & GENERAL PENSIONS LIMITED group structure
Legal & General Pensions Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
LEGAL & GENERAL PENSIONS LIMITED
05935873
4 subsidiaries
legal & general pensions limited directors
Legal & General Pensions Limited currently has 3 directors. The longest serving directors include Mr Michael Barrie (Jun 2016) and Mr Jonathan Malpas (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Barrie | United Kingdom | 57 years | Jun 2016 | - | Director |
| Mr Jonathan Malpas | 59 years | Dec 2017 | - | Director | |
| Ms Janine Caley | England | 41 years | Sep 2021 | - | Director |
P&L
December 2022turnover
170.3m
+16%
operating profit
171.6m
+14%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
0
0%
total assets
4.5b
-0.11%
cash
19.8m
-0.36%
net assets
Total assets minus all liabilities
legal & general pensions limited company details
company number
05935873
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
incorporation date
September 2006
age
18
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
one coleman street, london, EC2R 5AA
last accounts submitted
December 2022
legal & general pensions 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 found 11 charges/mortgages relating to legal & general pensions limited. Currently there are 11 open charges and 0 have been satisfied in the past.
legal & general pensions limited Companies House Filings - See Documents
| date | description | view/download |
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