Aspire Insurance Services Limited

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aspire insurance services limited Company Information

Live

EstablishedMicroLow

Company Number

06225515

Website

www.aspireinsure.co.uk

Registered Address

the old exchange, 521 wimborne road east, ferndown, BH22 9NH

Industry

Non-life insurance

Telephone

03332221182

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Penfold17 Years

Tristan Webb17 Years

Shareholders

tristan webb 50%

a one insurance services (bmth) ltd 50%

aspire insurance services limited Estimated Valuation

£202.8k

Pomanda estimates the enterprise value of ASPIRE INSURANCE SERVICES LIMITED at £202.8k based on an EBITDA of £24.9k and a 8.14x industry multiple (adjusted for size and gross margin).

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Aspire Insurance Services Limited is a live company located in ferndown, BH22 9NH with a Companies House number of 06225515. It operates in the non-life insurance sector, SIC Code 65120. Founded in April 2007, it's largest shareholder is tristan webb with a 50% stake. Aspire Insurance Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £190.2k with low growth in recent years.

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Pomanda's financial health check has awarded Aspire Insurance Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £190.2k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASPIRE INSURANCE SERVICES LIMITED group structure

Aspire Insurance Services Limited has no subsidiary companies.

Ultimate parent company

ASPIRE INSURANCE SERVICES LIMITED

06225515

ASPIRE INSURANCE SERVICES LIMITED Shareholders

tristan webb	50%
a one insurance services (bmth) ltd	50%

Aspire Insurance Services Limited currently has 2 directors. The longest serving directors include Mr Ian Penfold (Apr 2007) and Mr Tristan Webb (Apr 2007).

officer	country	age	start	end	role
Mr Ian Penfold	England	58 years	Apr 2007	-	Director
Mr Tristan Webb	England	51 years	Apr 2007	-	Director

EXPORT

Aspire Insurance Services Limited's latest turnover from March 2023 is estimated at £190.2 thousand and the company has net assets of £27.5 thousand. According to their latest financial statements, we estimate that Aspire Insurance Services Limited has 2 employees and maintains cash reserves of £46.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	190,206	189,785	188,745	184,609	163,310	148,218	87,031	97,249	83,110	99,890	60,864	45,514	70,204	53,077
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,707	6,153	5,991	8,069	9,053	8,881	8,075	9,098	14,238	20,980	15,124	10,169	18,203	13,926
Gross Profit	186,499	183,632	182,753	176,539	154,257	139,337	78,957	88,151	68,872	78,910	45,740	35,345	52,001	39,152
Admin Expenses	162,404	175,092	186,070	179,399	150,937	140,721	76,681	90,169	59,895	66,188	30,881	44,796	7,935	80,794
Operating Profit	24,095	8,540	-3,317	-2,860	3,320	-1,384	2,276	-2,018	8,977	12,722	14,859	-9,451	44,066	-41,642
Interest Payable	2,109	1,632	763	0	0	171	618	471	0	0	0	0	0	0
Interest Receivable	1,473	141	15	12	34	97	106	204	131	107	106	64	72	49
Pre-Tax Profit	23,458	7,049	-4,065	-2,848	3,354	-1,458	1,764	-2,286	9,108	12,829	14,966	-9,387	44,138	-41,593
Tax	-4,457	-1,339	0	0	-637	0	-353	0	-1,913	-2,951	-3,592	0	-12,358	0
Profit After Tax	19,001	5,710	-4,065	-2,848	2,717	-1,458	1,411	-2,286	7,195	9,878	11,374	-9,387	31,779	-41,593
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	19,001	5,710	-4,065	-2,848	2,717	-1,458	1,411	-2,286	7,195	9,878	11,374	-9,387	31,779	-41,593
Employee Costs	104,224	156,669	195,327	184,248	146,835	144,671	97,333	95,195	47,669	47,645	45,942	44,316	43,765	44,867
Number Of Employees	2	3	4	4	3	3	2	2	1	1	1	1	1	1
EBITDA*	24,925	9,407	-2,375	-2,315	3,396	-1,150	2,719	-1,474	9,297	12,932	14,915	-9,395	44,085	-41,436

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,054	395	1,262	1,216	153	0	234	677	819	247	408	464	74	616
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,054	395	1,262	1,216	153	0	234	677	819	247	408	464	74	616
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	122,244	74,103	45,923	39,347	47,318	38,038	16,530	25,192	41,104	52,450	31,724	22,808	35,760	24,140
Group Debtors	14,803	14,629	27,762	4,144	16,655	18,094	0	0	0	0	0	0	0	0
Misc Debtors	1,417	8,908	10,401	8,842	5,600	6,636	11,522	8,949	0	0	0	0	10,376	12,625
Cash	46,825	22,475	15,138	14,501	8,959	188	38,804	46,074	35,426	16,808	26,002	16,591	9,122	19,536
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	185,289	120,115	99,224	66,834	78,532	62,956	66,856	80,215	76,530	69,258	57,726	39,399	55,258	56,301
total assets	186,343	120,510	100,486	68,050	78,685	62,956	67,090	80,892	77,349	69,505	58,134	39,863	55,332	56,917
Bank overdraft	0	0	8,333	0	0	0	5,276	14,501	0	0	0	0	0	0
Bank loan	8,333	8,333	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	130,945	79,963	66,159	54,096	62,805	48,875	46,366	43,915	67,993	67,354	65,861	58,964	65,046	63,410
Group/Directors Accounts	0	0	0	0	0	0	0	5,294	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	10,044	8,667	6,500	7,062	6,140	7,058	6,967	10,112	0	0	0	0	0	0
total current liabilities	149,322	96,963	80,992	61,158	68,945	55,933	58,609	73,822	67,993	67,354	65,861	58,964	65,046	63,410
loans	9,483	15,010	16,667	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	35,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	9,483	15,010	16,667	0	0	0	0	0	0	0	0	0	0	35,000
total liabilities	158,805	111,973	97,659	61,158	68,945	55,933	58,609	73,822	67,993	67,354	65,861	58,964	65,046	98,410
net assets	27,538	8,537	2,827	6,892	9,740	7,023	8,481	7,070	9,356	2,151	-7,727	-19,101	-9,714	-41,493
total shareholders funds	27,538	8,537	2,827	6,892	9,740	7,023	8,481	7,070	9,356	2,151	-7,727	-19,101	-9,714	-41,493

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	24,095	8,540	-3,317	-2,860	3,320	-1,384	2,276	-2,018	8,977	12,722	14,859	-9,451	44,066	-41,642
Depreciation	830	867	942	545	76	234	443	544	320	210	56	56	19	206
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,457	-1,339	0	0	-637	0	-353	0	-1,913	-2,951	-3,592	0	-12,358	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	40,824	13,554	31,753	-17,240	6,805	34,716	-6,089	-6,963	-11,346	20,726	8,916	-23,328	9,371	36,765
Creditors	50,982	13,804	12,063	-8,709	13,930	2,509	2,451	-24,078	639	1,493	6,897	-6,082	1,636	63,410
Accruals and Deferred Income	1,377	2,167	-562	922	-918	91	-3,145	10,112	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	32,003	10,485	-22,627	7,138	8,966	-33,266	7,761	-8,477	19,369	-9,252	9,304	7,851	23,992	-14,791
Investing Activities
capital expenditure	-1,489	0	-988	-1,608	-229	0	0	-402	-892	-49	0	-446	523	-822
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,489	0	-988	-1,608	-229	0	0	-402	-892	-49	0	-446	523	-822
Financing Activities
Bank loans	0	8,333	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-5,294	5,294	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,527	-1,657	16,667	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-35,000	35,000
share issue	0	0	0	0	0	0	0	0	10	0	0	0	0	100
interest	-636	-1,491	-748	12	34	-74	-512	-267	131	107	106	64	72	49
cash flow from financing	-6,163	5,185	15,919	12	34	-74	-5,806	5,027	141	107	106	64	-34,928	35,149
cash and cash equivalents
cash	24,350	7,337	637	5,542	8,771	-38,616	-7,270	10,648	18,618	-9,194	9,411	7,469	-10,414	19,536
overdraft	0	-8,333	8,333	0	0	-5,276	-9,225	14,501	0	0	0	0	0	0
change in cash	24,350	15,670	-7,696	5,542	8,771	-33,340	1,955	-3,853	18,618	-9,194	9,411	7,469	-10,414	19,536

P&L

March 2023

turnover

190.2k

operating profit

24.1k

gross margin

98.1%

+1.34%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

27.5k

+2.23%

total assets

186.3k

+0.55%

cash

46.8k

+1.08%

net assets

Total assets minus all liabilities

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company number

06225515

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

April 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

the old exchange, 521 wimborne road east, ferndown, BH22 9NH

last accounts submitted

March 2023

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 aspire insurance services limited.

aspire insurance services limited Company Information

aspire insurance services limited Estimated Valuation

aspire insurance services limited Estimated Valuation

aspire insurance services limited Estimated Valuation

Aspire Insurance Services Limited AI Business Plan

Aspire Insurance Services Limited Overview

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