Pomanda estimates the enterprise value of ACE EUROPE LIFE PLC at £2.5m based on a Turnover of £4.3m and 0.58x industry multiple (adjusted for size and gross margin).
ace europe life plcEstimated Valuation
£48.5m
Pomanda estimates the enterprise value of ACE EUROPE LIFE PLC at £48.5m based on an EBITDA of £8.7m and a 5.54x industry multiple (adjusted for size and gross margin).
ace europe life plcEstimated Valuation
£82.8m
Pomanda estimates the enterprise value of ACE EUROPE LIFE PLC at £82.8m based on Net Assets of £53.2m and 1.56x industry multiple (adjusted for liquidity).
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Ace Europe Life PlcOverview
Ace Europe Life Plc is a converted/closed company that was located in london, EC3A 3BP with a Companies House number of 05936400. It operated in the life insurance sector, SIC Code 65110. Founded in September 2006, it's largest shareholder was
ace tempest life reinsurance ltd
with a 100% stake. The last turnover for Ace Europe Life Plc was estimated at £4.3m.
Pomanda's financial health check has awarded Ace Europe Life Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
3 Regular
2 Weak
Size
annual sales of £4.3m, make it larger than the average company (£823.9k)
£4.3m - Ace Europe Life Plc
£823.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (8.1%)
-29% - Ace Europe Life Plc
8.1% - Industry AVG
Production
with a gross margin of 93.1%, this company has a comparable cost of product (93.1%)
93.1% - Ace Europe Life Plc
93.1% - Industry AVG
Profitability
an operating margin of 201.6% make it more profitable than the average company (15.7%)
201.6% - Ace Europe Life Plc
15.7% - Industry AVG
Employees
with 34 employees, this is above the industry average (14)
34 - Ace Europe Life Plc
14 - Industry AVG
Pay Structure
on an average salary of £51.2k, the company has an equivalent pay structure (£51.2k)
£51.2k - Ace Europe Life Plc
£51.2k - Industry AVG
Efficiency
resulting in sales per employee of £127.6k, this is equally as efficient (£128.2k)
£127.6k - Ace Europe Life Plc
£128.2k - Industry AVG
Debtor Days
it gets paid by customers after 550 days, this is later than average (227 days)
550 days - Ace Europe Life Plc
227 days - Industry AVG
Creditor Days
its suppliers are paid after 8439 days, this is slower than average (20 days)
8439 days - Ace Europe Life Plc
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ace Europe Life Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 22 weeks, this is more cash available to meet short term requirements (7 weeks)
22 weeks - Ace Europe Life Plc
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65%, this is a lower level of debt than the average (95.2%)
65% - Ace Europe Life Plc
95.2% - Industry AVG
ACE EUROPE LIFE PLC financials
EXPORT
Ace Europe Life Plc's latest turnover from December 2017 is £4.3 million and the company has net assets of £53.2 million. According to their latest financial statements, we estimate that Ace Europe Life Plc has 34 employees and maintains cash reserves of £3.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
4,339,000
-17,540,000
17,496,000
12,134,000
10,047,000
8,244,000
6,773,000
5,391,000
6,344,000
Other Income Or Grants
Cost Of Sales
297,648
-1,436,440
2,917,334
1,782,456
1,497,874
1,341,884
1,260,107
1,339,751
Gross Profit
4,041,352
-16,103,560
14,578,666
10,351,544
8,549,126
6,902,116
5,512,893
4,051,249
Admin Expenses
-4,704,266
-24,590,485
-51,865,814
32,378,029
10,222,338
3,699,877
3,578,528
1,546,691
380,295
Operating Profit
8,745,618
8,486,925
66,444,480
-22,026,485
-1,673,212
3,202,239
1,934,365
2,504,558
-380,295
Interest Payable
65,195
271,635
334,230
127,790
72,443
72,443
Interest Receivable
24,753
15,575
20,520
23,680
45,848
42,518
25,858
17,885
7,738
Pre-Tax Profit
9,438,000
7,563,000
68,974,000
-29,277,000
-2,567,000
2,930,000
1,847,000
2,057,000
-618,000
Tax
-2,334,000
-761,000
-15,802,000
7,209,000
668,000
-718,000
-491,000
-293,000
173,000
Profit After Tax
7,104,000
6,802,000
53,172,000
-22,068,000
-1,899,000
2,212,000
1,356,000
1,764,000
-445,000
Dividends Paid
Retained Profit
7,104,000
6,802,000
53,172,000
-22,068,000
-1,899,000
2,212,000
1,356,000
1,764,000
-445,000
Employee Costs
1,740,231
-7,708,949
7,945,056
5,465,115
4,815,250
3,995,702
Number Of Employees
34
-161
168
110
103
88
73
62
EBITDA*
8,745,618
8,486,925
66,444,480
-22,026,485
-1,673,212
3,202,239
1,934,365
2,504,558
-380,295
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
133,461,000
196,741,000
122,794,000
77,570,000
93,551,000
80,200,000
34,318,000
17,755,000
8,217,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
133,461,000
196,741,000
122,794,000
77,570,000
93,551,000
80,200,000
34,318,000
17,755,000
8,217,000
Stock & work in progress
Trade Debtors
6,539,000
5,025,000
7,881,000
8,021,000
4,598,000
2,549,000
2,181,000
576,000
Group Debtors
Misc Debtors
Cash
3,793,000
6,108,000
6,352,000
1,856,000
7,616,000
10,723,000
6,284,000
4,059,000
3,095,000
misc current assets
662,000
923,000
850,000
885,000
751,000
507,000
total current assets
18,586,000
19,133,000
20,933,000
36,188,000
18,806,000
20,328,000
10,695,000
6,240,000
5,024,000
total assets
152,047,000
215,874,000
143,727,000
113,758,000
112,357,000
100,528,000
45,013,000
23,995,000
13,241,000
Bank overdraft
Bank loan
Trade Creditors
6,882,000
42,385,000
8,965,000
17,728,000
9,653,000
6,888,000
2,937,000
612,000
266,000
Group/Directors Accounts
other short term finances
2,006,000
6,352,000
3,932,000
2,229,000
hp & lease commitments
other current liabilities
total current liabilities
8,586,000
44,672,000
12,624,000
47,442,000
17,777,000
15,052,000
8,277,000
5,820,000
3,871,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
90,286,000
123,500,000
95,547,000
91,557,000
58,307,000
53,194,000
19,618,000
10,489,000
5,446,000
total liabilities
98,872,000
168,172,000
108,171,000
138,999,000
76,084,000
68,246,000
27,895,000
16,309,000
9,317,000
net assets
53,175,000
47,702,000
35,556,000
-25,241,000
36,273,000
32,282,000
17,118,000
7,686,000
3,924,000
total shareholders funds
53,175,000
47,702,000
35,556,000
-25,241,000
36,273,000
32,282,000
17,118,000
7,686,000
3,924,000
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
8,745,618
8,486,925
66,444,480
-22,026,485
-1,673,212
3,202,239
1,934,365
2,504,558
-380,295
Depreciation
Amortisation
Tax
-2,334,000
-761,000
-15,802,000
7,209,000
668,000
-718,000
-491,000
-293,000
173,000
Stock
Debtors
1,514,000
-2,856,000
7,881,000
-8,021,000
3,423,000
2,049,000
368,000
1,605,000
576,000
Creditors
-35,503,000
33,420,000
-8,763,000
8,075,000
2,765,000
3,951,000
2,325,000
346,000
266,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-30,605,382
44,001,925
33,998,480
1,278,515
-1,663,212
4,386,239
3,400,365
952,558
-517,295
Investing Activities
capital expenditure
63,280,000
-73,947,000
-45,224,000
15,981,000
-13,351,000
-45,882,000
-16,563,000
-9,538,000
-8,217,000
Change in Investments
cash flow from investments
63,280,000
-73,947,000
-45,224,000
15,981,000
-13,351,000
-45,882,000
-16,563,000
-9,538,000
-8,217,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-2,006,000
-4,346,000
2,420,000
3,932,000
-2,229,000
2,229,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-1,631,000
5,344,000
7,625,000
-39,446,000
5,890,000
12,952,000
8,076,000
1,998,000
4,369,000
interest
24,753
15,575
20,520
-41,515
-225,787
-291,712
-101,932
-54,558
-64,705
cash flow from financing
-1,606,247
5,359,575
7,645,520
-41,493,515
1,318,213
15,080,288
11,906,068
-285,558
6,533,295
cash and cash equivalents
cash
-2,315,000
-244,000
4,496,000
-5,760,000
-3,107,000
4,439,000
2,225,000
964,000
3,095,000
overdraft
change in cash
-2,315,000
-244,000
4,496,000
-5,760,000
-3,107,000
4,439,000
2,225,000
964,000
3,095,000
ace europe life plc 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 ace europe life plc. Get real-time insights into ace europe life plc's credit score, group structure and payment trends.
Perform a competitor analysis for ace europe life plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in EC3A area or any other competitors across 12 key performance metrics.
ace europe life plc Ownership
ACE EUROPE LIFE PLC group structure
Ace Europe Life Plc has no subsidiary companies.
Ultimate parent company
ACE EUROPE LIFE PLC
05936400
ACE EUROPE LIFE PLC Shareholders
The sole shareholder of Ace Europe Life Plc is Ace Tempest Life Reinsurance Ltd.
ace tempest life reinsurance ltd
100%
ace europe life plc directors
Ace Europe Life Plc currently has 7 directors.
The longest serving directors include
Mr Andrew Kendrick (Nov 2006) and
Mr Mark Hammond (Mar 2013).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017
net assets
53.2m
+0.11%
total assets
152m
-0.3%
cash
3.8m
-0.38%
net assets
Total assets minus all liabilities
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ace europe life plc company details
company number
05936400
Type
Public limited with Share Capital
industry
65110 - Life insurance
incorporation date
September 2006
age
19
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
December 2017
previous names
ace europe life limited (April 2018)
hackremco (no. 2417) limited (November 2006)
accountant
-
auditor
-
address
100 leadenhall street, london, EC3A 3BP
Bank
-
Legal Advisor
-
ace europe life plc 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 europe life plc.
ace europe life plc 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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ace europe life plcCompanies House Filings - See Documents
