gcube underwriting limited
gcube underwriting limited Company Information
Company Number
06245947
Next Accounts
Sep 2025
Shareholders
hcc international insurance plc
Group Structure
View All
Industry
Non-life insurance
Registered Address
20 fenchurch street, london, EC3M 3BY
Website
www.gcube-insurance.comgcube underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of GCUBE UNDERWRITING LIMITED at £3.9m based on a Turnover of £5.9m and 0.66x industry multiple (adjusted for size and gross margin).
gcube underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of GCUBE UNDERWRITING LIMITED at £0 based on an EBITDA of £-1.3m and a 7.23x industry multiple (adjusted for size and gross margin).
gcube underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of GCUBE UNDERWRITING LIMITED at £14.9m based on Net Assets of £9.1m and 1.64x industry multiple (adjusted for liquidity).
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Gcube Underwriting Limited Overview
Gcube Underwriting Limited is a live company located in london, EC3M 3BY with a Companies House number of 06245947. It operates in the non-life insurance sector, SIC Code 65120. Founded in May 2007, it's largest shareholder is hcc international insurance plc with a 100% stake. Gcube Underwriting Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.9m with declining growth in recent years.
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Gcube Underwriting Limited Health Check
Pomanda's financial health check has awarded Gcube Underwriting Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £5.9m, make it larger than the average company (£2.1m)
£5.9m - Gcube Underwriting Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.7%)
-11% - Gcube Underwriting Limited
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Gcube Underwriting Limited
100% - Industry AVG
Profitability
an operating margin of -22.1% make it less profitable than the average company (17.5%)
-22.1% - Gcube Underwriting Limited
17.5% - Industry AVG
Employees
with 33 employees, this is above the industry average (26)
33 - Gcube Underwriting Limited
26 - Industry AVG
Pay Structure
on an average salary of £65.3k, the company has an equivalent pay structure (£65.3k)
- Gcube Underwriting Limited
£65.3k - Industry AVG
Efficiency
resulting in sales per employee of £179.5k, this is equally as efficient (£163.8k)
£179.5k - Gcube Underwriting Limited
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 320 days, this is later than average (216 days)
320 days - Gcube Underwriting Limited
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Gcube Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gcube Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (18 weeks)
58 weeks - Gcube Underwriting Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.7%, this is a similar level of debt than the average (81.5%)
77.7% - Gcube Underwriting Limited
81.5% - Industry AVG
GCUBE UNDERWRITING LIMITED financials
Gcube Underwriting Limited's latest turnover from December 2023 is £5.9 million and the company has net assets of £9.1 million. According to their latest financial statements, Gcube Underwriting Limited has 33 employees and maintains cash reserves of £34.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 5,924,000 | 8,976,000 | 9,387,000 | 8,440,000 | 9,959,000 | 10,074,000 | 9,668,000 | 10,007,000 | 10,722,000 | 11,268,000 | 12,527,000 | 11,544,000 | 13,298,000 | 10,452,000 | 7,935,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -1,309,000 | 3,003,000 | 199,000 | -2,540,000 | 2,018,000 | 2,719,000 | 3,588,000 | 3,964,000 | 3,689,000 | 4,628,000 | 5,476,000 | 4,625,000 | 5,348,000 | 4,706,000 | 3,500,000 |
| Interest Payable | 5,000 | 2,000 | 3,000 | 3,000 | 32,000 | 1,000 | 4,000 | 10,000 | |||||||
| Interest Receivable | 265,000 | 31,000 | 15,000 | 37,000 | 238,000 | 152,000 | 92,000 | 84,000 | 46,000 | 164,000 | 244,000 | 108,000 | 105,000 | 126,000 | 67,000 |
| Pre-Tax Profit | -1,044,000 | 3,034,000 | 214,000 | -2,508,000 | 2,254,000 | 2,868,000 | 3,680,000 | 4,048,000 | 3,732,000 | 4,761,000 | 5,720,000 | 4,732,000 | 5,448,000 | 4,832,000 | 3,557,000 |
| Tax | 153,000 | -629,000 | -51,000 | 18,000 | -473,000 | 37,000 | 311,000 | 1,000 | -40,000 | 316,000 | -83,000 | 804,000 | -162,000 | -413,000 | -1,024,000 |
| Profit After Tax | -891,000 | 2,405,000 | 163,000 | -2,490,000 | 1,781,000 | 2,905,000 | 3,991,000 | 4,049,000 | 3,692,000 | 5,077,000 | 5,637,000 | 5,536,000 | 5,286,000 | 4,419,000 | 2,533,000 |
| Dividends Paid | 4,000,000 | 3,000,000 | 4,500,000 | 5,000,000 | 5,000,000 | 9,500,000 | 1,000,000 | 1,000,000 | 3,500,000 | ||||||
| Retained Profit | -891,000 | 2,405,000 | 163,000 | -2,490,000 | 1,781,000 | -1,095,000 | 991,000 | -451,000 | -1,308,000 | 77,000 | -3,863,000 | 4,536,000 | 4,286,000 | 4,419,000 | -967,000 |
| Employee Costs | 6,332,000 | 4,474,000 | 4,389,000 | 4,772,000 | 4,465,000 | 4,210,000 | 4,066,000 | 3,280,000 | 4,390,000 | 4,222,000 | 5,274,000 | 3,431,000 | 2,753,000 | ||
| Number Of Employees | 33 | 30 | 24 | 35 | 35 | 35 | 36 | 33 | 29 | 30 | 30 | 29 | 24 | 19 | 14 |
| EBITDA* | -1,309,000 | 3,003,000 | 205,000 | -2,511,000 | 2,047,000 | 2,730,000 | 3,598,000 | 3,973,000 | 3,715,000 | 4,736,000 | 5,596,000 | 4,741,000 | 5,393,000 | 4,737,000 | 3,532,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 2,000 | 8,000 | 20,000 | 29,000 | 30,000 | 39,000 | 6,000 | 30,000 | 122,000 | 227,000 | 278,000 | 29,000 | 45,000 | ||
| Intangible Assets | 1,339,000 | 160,000 | 180,000 | 160,000 | 160,000 | 160,000 | 160,000 | 175,000 | 190,000 | 205,000 | 220,000 | ||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,000 | 8,000 | 1,359,000 | 189,000 | 210,000 | 199,000 | 166,000 | 190,000 | 282,000 | 402,000 | 468,000 | 234,000 | 265,000 | ||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,201,000 | 9,197,000 | 2,674,000 | 4,840,000 | 7,530,000 | 4,340,000 | 3,036,000 | 5,702,000 | 4,560,000 | 3,640,000 | 4,677,000 | 4,607,000 | 3,305,000 | 2,082,000 | 2,160,000 |
| Group Debtors | 612,000 | 73,000 | 2,000 | 369,000 | 6,999,000 | 6,150,000 | 7,246,000 | 4,806,000 | 2,907,000 | 5,912,000 | 7,293,000 | 8,351,000 | 5,766,000 | 6,813,000 | |
| Misc Debtors | 449,000 | 596,000 | 3,125,000 | 2,581,000 | 730,000 | 2,809,000 | 2,951,000 | 3,520,000 | 6,306,000 | 4,518,000 | 3,232,000 | 6,276,000 | 3,878,000 | 939,000 | 240,000 |
| Cash | 34,514,000 | 30,983,000 | 37,855,000 | 43,552,000 | 37,520,000 | 42,523,000 | 22,014,000 | 26,258,000 | 39,251,000 | 39,532,000 | 27,859,000 | 21,094,000 | 25,915,000 | 17,847,000 | 20,097,000 |
| misc current assets | 250,000 | ||||||||||||||
| total current assets | 40,776,000 | 40,849,000 | 43,656,000 | 51,342,000 | 52,779,000 | 56,072,000 | 35,247,000 | 40,286,000 | 53,024,000 | 53,602,000 | 43,061,000 | 40,328,000 | 38,864,000 | 27,681,000 | 22,497,000 |
| total assets | 40,776,000 | 40,849,000 | 43,658,000 | 51,350,000 | 54,138,000 | 56,261,000 | 35,457,000 | 40,485,000 | 53,190,000 | 53,792,000 | 43,343,000 | 40,730,000 | 39,332,000 | 27,915,000 | 22,762,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 25,505,000 | 27,522,000 | 30,991,000 | 37,778,000 | 36,934,000 | 41,142,000 | 20,471,000 | 25,077,000 | 38,750,000 | 38,073,000 | |||||
| Group/Directors Accounts | 5,305,000 | 505,000 | 851,000 | 1,242,000 | 662,000 | 143,000 | 274,000 | 34,000 | 511,000 | 1,548,000 | 8,000 | 94,000 | 1,816,000 | 563,000 | |
| other short term finances | 262,000 | 216,000 | 942,000 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,000 | 2,051,000 | 3,543,000 | 4,294,000 | 5,224,000 | 5,315,000 | 4,466,000 | 6,084,000 | 4,410,000 | 3,299,000 | 32,592,000 | 26,166,000 | 29,061,000 | 20,357,000 | 20,876,000 |
| total current liabilities | 30,812,000 | 30,078,000 | 35,385,000 | 43,314,000 | 42,820,000 | 46,862,000 | 25,427,000 | 32,137,000 | 43,671,000 | 42,920,000 | 32,600,000 | 26,166,000 | 29,155,000 | 22,173,000 | 21,439,000 |
| loans | 78,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 65,000 | 65,000 | 65,000 | 65,000 | |||||||||||
| other liabilities | 855,000 | 714,000 | 621,000 | 547,000 | 539,000 | 438,000 | |||||||||
| provisions | 8,000 | 65,000 | 55,000 | 55,000 | 55,000 | 55,000 | 41,000 | 149,000 | |||||||
| total long term liabilities | 863,000 | 779,000 | 686,000 | 612,000 | 604,000 | 581,000 | 55,000 | 55,000 | 55,000 | 55,000 | 41,000 | 149,000 | |||
| total liabilities | 31,675,000 | 30,857,000 | 36,071,000 | 43,926,000 | 43,424,000 | 47,443,000 | 25,482,000 | 32,192,000 | 43,726,000 | 42,975,000 | 32,641,000 | 26,166,000 | 29,304,000 | 22,173,000 | 21,439,000 |
| net assets | 9,101,000 | 9,992,000 | 7,587,000 | 7,424,000 | 10,714,000 | 8,818,000 | 9,975,000 | 8,293,000 | 9,464,000 | 10,817,000 | 10,702,000 | 14,564,000 | 10,028,000 | 5,742,000 | 1,323,000 |
| total shareholders funds | 9,101,000 | 9,992,000 | 7,587,000 | 7,424,000 | 10,714,000 | 8,818,000 | 9,975,000 | 8,293,000 | 9,464,000 | 10,817,000 | 10,702,000 | 14,564,000 | 10,028,000 | 5,742,000 | 1,323,000 |
| Dec 2023 | 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 | -1,309,000 | 3,003,000 | 199,000 | -2,540,000 | 2,018,000 | 2,719,000 | 3,588,000 | 3,964,000 | 3,689,000 | 4,628,000 | 5,476,000 | 4,625,000 | 5,348,000 | 4,706,000 | 3,500,000 |
| Depreciation | 6,000 | 12,000 | 12,000 | 11,000 | 10,000 | 9,000 | 26,000 | 93,000 | 105,000 | 101,000 | 30,000 | 16,000 | 17,000 | ||
| Amortisation | 17,000 | 17,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |||||||
| Tax | 153,000 | -629,000 | -51,000 | 18,000 | -473,000 | 37,000 | 311,000 | 1,000 | -40,000 | 316,000 | -83,000 | 804,000 | -162,000 | -413,000 | -1,024,000 |
| Stock | |||||||||||||||
| Debtors | -3,604,000 | 4,065,000 | -1,989,000 | -7,469,000 | 1,960,000 | 66,000 | -795,000 | 255,000 | -297,000 | -1,132,000 | -4,032,000 | 6,285,000 | 3,115,000 | 7,434,000 | 2,400,000 |
| Creditors | -2,017,000 | -3,469,000 | -6,787,000 | 844,000 | -4,208,000 | 20,671,000 | -4,606,000 | -13,673,000 | 677,000 | 38,073,000 | |||||
| Accruals and Deferred Income | -2,114,000 | -1,492,000 | -751,000 | -930,000 | -26,000 | 849,000 | -1,618,000 | 1,674,000 | 1,111,000 | -29,293,000 | 6,426,000 | -2,895,000 | 8,704,000 | -519,000 | 20,876,000 |
| Deferred Taxes & Provisions | 8,000 | -65,000 | 10,000 | 14,000 | 41,000 | -149,000 | 149,000 | ||||||||
| Cash flow from operations | -1,675,000 | -6,652,000 | -5,395,000 | 4,890,000 | -4,685,000 | 24,231,000 | -1,520,000 | -8,280,000 | 5,760,000 | 14,978,000 | 16,012,000 | -3,784,000 | 10,969,000 | -3,629,000 | 20,984,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 4,800,000 | -346,000 | -391,000 | 580,000 | 519,000 | -131,000 | 240,000 | -477,000 | -1,037,000 | 1,540,000 | 8,000 | -94,000 | -1,722,000 | 1,253,000 | 563,000 |
| Other Short Term Loans | -262,000 | 46,000 | -726,000 | 942,000 | |||||||||||
| Long term loans | -78,000 | 78,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 141,000 | 93,000 | 74,000 | 8,000 | 101,000 | 438,000 | |||||||||
| share issue | |||||||||||||||
| interest | 265,000 | 31,000 | 15,000 | 32,000 | 236,000 | 149,000 | 92,000 | 84,000 | 43,000 | 132,000 | 244,000 | 107,000 | 101,000 | 126,000 | 57,000 |
| cash flow from financing | 5,206,000 | -222,000 | -302,000 | -180,000 | 631,000 | 518,000 | 297,000 | -171,000 | -1,039,000 | 1,710,000 | 253,000 | 13,000 | -1,621,000 | 1,379,000 | 2,910,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,531,000 | -6,872,000 | -5,697,000 | 6,032,000 | -5,003,000 | 20,509,000 | -4,244,000 | -12,993,000 | -281,000 | 11,673,000 | 6,765,000 | -4,821,000 | 8,068,000 | -2,250,000 | 20,097,000 |
| overdraft | |||||||||||||||
| change in cash | 3,531,000 | -6,872,000 | -5,697,000 | 6,032,000 | -5,003,000 | 20,509,000 | -4,244,000 | -12,993,000 | -281,000 | 11,673,000 | 6,765,000 | -4,821,000 | 8,068,000 | -2,250,000 | 20,097,000 |
gcube underwriting limited Credit Report and Business Information
Gcube Underwriting Limited Competitor Analysis
Perform a competitor analysis for gcube underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3M area or any other competitors across 12 key performance metrics.
gcube underwriting limited Ownership
GCUBE UNDERWRITING LIMITED group structure
Gcube Underwriting Limited has no subsidiary companies.
Ultimate parent company
TOKIO MARINE HOLDINGS INC
#0046514
2 parents
GCUBE UNDERWRITING LIMITED
06245947
gcube underwriting limited directors
Gcube Underwriting Limited currently has 5 directors. The longest serving directors include Mr Fraser McLachlan (Jun 2007) and Mr Alan Rand (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fraser McLachlan | England | 58 years | Jun 2007 | - | Director |
| Mr Alan Rand | England | 46 years | Feb 2016 | - | Director |
| Mr Simon Button | England | 60 years | May 2020 | - | Director |
| Mr Barry Cook | United Kingdom | 64 years | May 2020 | - | Director |
| Mrs. Jean O'Neill | 47 years | Dec 2024 | - | Director |
P&L
December 2023turnover
5.9m
-34%
operating profit
-1.3m
-144%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.1m
-0.09%
total assets
40.8m
0%
cash
34.5m
+0.11%
net assets
Total assets minus all liabilities
gcube underwriting limited company details
company number
06245947
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
May 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
gcube underwritings limited (May 2007)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
20 fenchurch street, london, EC3M 3BY
Bank
-
Legal Advisor
-
gcube underwriting 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 gcube underwriting limited.
gcube underwriting 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.
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gcube underwriting limited Companies House Filings - See Documents
| date | description | view/download |
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