furness underwriting limited
furness underwriting limited Company Information
Company Number
06308306
Website
www.furnessunderwriting.comRegistered Address
hallmark building, 106 fenchurch street, 7th floor, london, united kingdom, EC3M 5JF
Industry
Activities of insurance agents and brokers
Telephone
02076217933
Next Accounts Due
16 days late
Group Structure
View All
Shareholders
furness insurance services limited 100%
furness underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of FURNESS UNDERWRITING LIMITED at £0 based on a Turnover of £0 and 1.39x industry multiple (adjusted for size and gross margin).
furness underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of FURNESS UNDERWRITING LIMITED at £0 based on an EBITDA of £-128.9k and a 5.23x industry multiple (adjusted for size and gross margin).
furness underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of FURNESS UNDERWRITING LIMITED at £1.1m based on Net Assets of £386.6k and 2.81x industry multiple (adjusted for liquidity).
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Furness Underwriting Limited Overview
Furness Underwriting Limited is a live company located in london, EC3M 5JF with a Companies House number of 06308306. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in July 2007, it's largest shareholder is furness insurance services limited with a 100% stake. Furness Underwriting Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Furness Underwriting Limited Health Check
Pomanda's financial health check has awarded Furness Underwriting Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (5.3%)
- - Furness Underwriting Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Employees
with 4 employees, this is below the industry average (21)
- - Furness Underwriting Limited
- - Industry AVG
Pay Structure
on an average salary of £13.8k, the company has a lower pay structure (£49.5k)
- - Furness Underwriting Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Furness Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 404 weeks, this is more cash available to meet short term requirements (35 weeks)
- - Furness Underwriting Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.9%, this is a lower level of debt than the average (61.8%)
- - Furness Underwriting Limited
- - Industry AVG
FURNESS UNDERWRITING LIMITED financials
Furness Underwriting Limited's latest turnover from December 2022 is 0 and the company has net assets of £386.6 thousand. According to their latest financial statements, Furness Underwriting Limited has 4 employees and maintains cash reserves of £328.7 thousand 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 | 0 | 310 | 3,256,659 | 4,192,986 | 3,775,846 | 3,536,063 | 3,385,805 | 2,485,530 | 2,903,261 | 2,528,535 | 1,709,401 | 1,260,088 | 1,536,678 | 1,741,348 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Gross Profit | 0 | 310 | 3,256,659 | 4,192,986 | 3,775,846 | 3,536,063 | 3,385,805 | 2,485,530 | 2,903,261 | |||||
| Admin Expenses | 137,889 | 356,491 | 1,855,999 | 2,555,091 | 2,215,973 | 2,110,030 | 1,446,923 | 1,921,574 | 1,650,371 | |||||
| Operating Profit | -137,889 | -356,181 | 1,400,660 | 1,637,895 | 1,559,873 | 1,426,033 | 1,938,882 | 563,956 | 1,252,890 | 1,313,900 | 673,291 | 259,103 | 431,193 | 909,233 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 2,976 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 747 | 4,879 | 219 | 648 |
| Pre-Tax Profit | 69,611 | 43,819 | 1,403,636 | 1,637,895 | 1,559,873 | 1,426,033 | 1,938,882 | 563,956 | 1,252,890 | 1,313,900 | 674,038 | 263,982 | 431,412 | 909,881 |
| Tax | -12,889 | -15,261 | -252,305 | -320,564 | -305,044 | -277,795 | -378,253 | -119,792 | -302,814 | -313,398 | -152,442 | -43,337 | -123,220 | -255,477 |
| Profit After Tax | 56,722 | 28,558 | 1,151,331 | 1,317,331 | 1,254,829 | 1,148,238 | 1,560,629 | 444,164 | 950,076 | 1,000,502 | 521,596 | 220,645 | 308,192 | 654,404 |
| Dividends Paid | 900,000 | 1,672,160 | 900,000 | 2,003,370 | 1,800,000 | 400,000 | 500,000 | 660,000 | 0 | 750,000 | 250,000 | 575,000 | 0 | 245,000 |
| Retained Profit | -843,278 | -1,643,602 | 251,331 | -686,039 | -545,171 | 748,238 | 1,060,629 | -215,836 | 950,076 | 250,502 | 271,596 | -354,355 | 308,192 | 409,404 |
| Employee Costs | 55,251 | 172,383 | 492,296 | 518,485 | 1,268,322 | 1,200,890 | 812,321 | 1,189,510 | 1,004,220 | 806,794 | 690,824 | 701,549 | 742,960 | 410,344 |
| Number Of Employees | 4 | 3 | 13 | 10 | 23 | 19 | 19 | 17 | 13 | 12 | 12 | 14 | 14 | 8 |
| EBITDA* | -128,906 | -326,851 | 1,479,342 | 1,686,455 | 1,615,468 | 1,489,772 | 1,984,980 | 597,268 | 1,281,341 | 1,333,190 | 678,756 | 261,688 | 431,638 | 909,233 |
* 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 | 454 | 2,230 | 10,505 | 84,995 | 134,255 | 164,645 | 163,951 | 109,851 | 110,427 | 94,964 | 64,452 | 10,828 | 3,118 | 0 |
| Intangible Assets | 2,351 | 9,558 | 30,613 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 15,440 | 15,440 | 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 | 2,805 | 11,788 | 41,118 | 100,435 | 149,695 | 164,645 | 163,951 | 109,851 | 110,427 | 94,964 | 64,452 | 10,828 | 3,118 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 309 | 0 | 555,950 | 619,647 | 483,101 | 481,505 | 510,396 | 1,212,611 | 5,755,968 | 5,323,566 | 4,309,811 | 5,078,738 | 8,184,040 |
| Group Debtors | 93,133 | 473,901 | 293,818 | 20,601 | 311,543 | 170,103 | 77,553 | 13,927 | 0 | 400,025 | 589,852 | 645,763 | 896,513 | 0 |
| Misc Debtors | 4,511 | 21,341 | 40,751 | 75,801 | 109,222 | 130,917 | 116,361 | 775,952 | 0 | 111,205 | 60,692 | 6,248 | 40,523 | 33,750 |
| Cash | 328,731 | 769,290 | 2,565,929 | 2,437,675 | 3,324,988 | 3,530,140 | 2,718,479 | 929,321 | 1,315,724 | 357,875 | 448,146 | 404,050 | 288,089 | 803,114 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 426,375 | 1,264,841 | 2,900,498 | 3,090,027 | 4,365,400 | 4,314,261 | 3,393,898 | 2,229,596 | 2,528,335 | 6,625,073 | 6,422,256 | 5,365,872 | 6,303,863 | 9,020,904 |
| total assets | 429,180 | 1,276,629 | 2,941,616 | 3,190,462 | 4,515,095 | 4,478,906 | 3,557,849 | 2,339,447 | 2,638,762 | 6,720,037 | 6,486,708 | 5,376,700 | 6,306,981 | 9,020,904 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,416 | 0 | 0 | 19,662 | 627,133 | 42,929 | 76,731 | 29,443 | 364,075 | 5,105,498 | 4,944,050 | 4,013,340 | 4,653,291 | 7,675,571 |
| Group/Directors Accounts | 0 | 10,239 | 2,616 | 305,867 | 168,606 | 158,491 | 9,382 | 25,090 | 0 | 7,507 | 261,992 | 480,818 | 200,000 | 200,000 |
| 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 | 40,891 | 34,389 | 59,757 | 231,496 | 392,886 | 402,329 | 347,185 | 226,675 | 0 | 292,589 | 224,431 | 93,017 | 316,397 | 317,043 |
| total current liabilities | 42,307 | 44,628 | 62,373 | 557,025 | 1,188,625 | 603,749 | 433,298 | 281,208 | 364,075 | 5,405,594 | 5,430,473 | 4,587,175 | 5,169,688 | 8,192,614 |
| loans | 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 |
| 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 | 0 |
| provisions | 262 | 2,112 | 5,752 | 11,277 | 18,271 | 21,787 | 19,419 | 13,736 | 14,348 | 10,217 | 2,512 | 7,398 | 811 | 0 |
| total long term liabilities | 262 | 2,112 | 5,752 | 11,277 | 18,271 | 21,787 | 19,419 | 13,736 | 14,348 | 10,217 | 2,512 | 7,398 | 811 | 0 |
| total liabilities | 42,569 | 46,740 | 68,125 | 568,302 | 1,206,896 | 625,536 | 452,717 | 294,944 | 378,423 | 5,415,811 | 5,432,985 | 4,594,573 | 5,170,499 | 8,192,614 |
| net assets | 386,611 | 1,229,889 | 2,873,491 | 2,622,160 | 3,308,199 | 3,853,370 | 3,105,132 | 2,044,503 | 2,260,339 | 1,304,226 | 1,053,723 | 782,127 | 1,136,482 | 828,290 |
| total shareholders funds | 386,611 | 1,229,889 | 2,873,491 | 2,622,160 | 3,308,199 | 3,853,370 | 3,105,132 | 2,044,503 | 2,260,339 | 1,304,226 | 1,053,723 | 782,127 | 1,136,482 | 828,290 |
| 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 | -137,889 | -356,181 | 1,400,660 | 1,637,895 | 1,559,873 | 1,426,033 | 1,938,882 | 563,956 | 1,252,890 | 1,313,900 | 673,291 | 259,103 | 431,193 | 909,233 |
| Depreciation | 1,776 | 8,275 | 43,877 | 48,560 | 55,595 | 63,739 | 46,098 | 33,312 | 28,451 | 19,290 | 5,465 | 2,585 | 445 | 0 |
| Amortisation | 7,207 | 21,055 | 34,805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -12,889 | -15,261 | -252,305 | -320,564 | -305,044 | -277,795 | -378,253 | -119,792 | -302,814 | -313,398 | -152,442 | -43,337 | -123,220 | -255,477 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -397,907 | 160,982 | -317,783 | -388,060 | 256,291 | 108,702 | -624,856 | 87,664 | -5,054,587 | 293,088 | 1,012,288 | -1,053,952 | -2,202,016 | 8,217,790 |
| Creditors | 1,416 | 0 | -19,662 | -607,471 | 584,204 | -33,802 | 47,288 | -334,632 | -4,741,423 | 161,448 | 930,710 | -639,951 | -3,022,280 | 7,675,571 |
| Accruals and Deferred Income | 6,502 | -25,368 | -171,739 | -161,390 | -9,443 | 55,144 | 120,510 | 226,675 | -292,589 | 68,158 | 131,414 | -223,380 | -646 | 317,043 |
| Deferred Taxes & Provisions | -1,850 | -3,640 | -5,525 | -6,994 | -3,516 | 2,368 | 5,683 | -612 | 4,131 | 7,705 | -4,886 | 6,587 | 811 | 0 |
| Cash flow from operations | 262,180 | -532,102 | 1,347,894 | 978,096 | 1,625,378 | 1,126,985 | 2,405,064 | 281,243 | 1,003,233 | 964,015 | 571,264 | 415,559 | -511,681 | 428,580 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -15,440 | 0 | 15,440 | 0 | 0 | 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 | -10,239 | 7,623 | -303,251 | 137,261 | 10,115 | 149,109 | -15,708 | 25,090 | -7,507 | -254,485 | -218,826 | 280,818 | 0 | 200,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 2,976 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 747 | 4,879 | 219 | 648 |
| cash flow from financing | -10,239 | 7,623 | -300,275 | 137,261 | 10,115 | 149,109 | -15,708 | 25,090 | -1,470 | -254,484 | -218,079 | 285,697 | 219 | 619,534 |
| cash and cash equivalents | ||||||||||||||
| cash | -440,559 | -1,796,639 | 128,254 | -887,313 | -205,152 | 811,661 | 1,789,158 | -386,403 | 957,849 | -90,271 | 44,096 | 115,961 | -515,025 | 803,114 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -440,559 | -1,796,639 | 128,254 | -887,313 | -205,152 | 811,661 | 1,789,158 | -386,403 | 957,849 | -90,271 | 44,096 | 115,961 | -515,025 | 803,114 |
furness underwriting limited Credit Report and Business Information
Furness Underwriting Limited Competitor Analysis
Perform a competitor analysis for furness underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other established companies, companies in EC3M area or any other competitors across 12 key performance metrics.
furness underwriting limited Ownership
FURNESS UNDERWRITING LIMITED group structure
Furness Underwriting Limited has no subsidiary companies.
Ultimate parent company
2 parents
FURNESS UNDERWRITING LIMITED
06308306
furness underwriting limited directors
Furness Underwriting Limited currently has 3 directors. The longest serving directors include Mr Bernardo Gozzi (Jul 2007) and Mr Lorenzo Caprari (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bernardo Gozzi | England | 55 years | Jul 2007 | - | Director |
| Mr Lorenzo Caprari | England | 46 years | Apr 2019 | - | Director |
| Mr Riccardo Russo | England | 65 years | Jun 2020 | - | Director |
P&L
December 2022turnover
0
-100%
operating profit
-137.9k
-61%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
386.6k
-0.69%
total assets
429.2k
-0.66%
cash
328.7k
-0.57%
net assets
Total assets minus all liabilities
furness underwriting limited company details
company number
06308306
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
July 2007
age
17
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
hallmark building, 106 fenchurch street, 7th floor, london, united kingdom, EC3M 5JF
Bank
-
Legal Advisor
-
furness 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 furness underwriting limited.
furness underwriting limited Companies House Filings - See Documents
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