somerset bridge insurance services limited

somerset bridge insurance services limited Company Information

Share SOMERSET BRIDGE INSURANCE SERVICES LIMITED
Live 
EstablishedLargeDeclining

Company Number

06334001

Industry

Non-life insurance

 

Shareholders

somerset bridge group limited

Group Structure

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Contact

Registered Address

lysander house (2nd floor), catbrain lane cribbs causeway, bristol, BS10 7TQ

somerset bridge insurance services limited Estimated Valuation

£45.7m

Pomanda estimates the enterprise value of SOMERSET BRIDGE INSURANCE SERVICES LIMITED at £45.7m based on a Turnover of £38.5m and 1.19x industry multiple (adjusted for size and gross margin).

somerset bridge insurance services limited Estimated Valuation

£43.1m

Pomanda estimates the enterprise value of SOMERSET BRIDGE INSURANCE SERVICES LIMITED at £43.1m based on an EBITDA of £2.7m and a 15.81x industry multiple (adjusted for size and gross margin).

somerset bridge insurance services limited Estimated Valuation

£46.4m

Pomanda estimates the enterprise value of SOMERSET BRIDGE INSURANCE SERVICES LIMITED at £46.4m based on Net Assets of £27.3m and 1.7x industry multiple (adjusted for liquidity).

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Somerset Bridge Insurance Services Limited Overview

Somerset Bridge Insurance Services Limited is a live company located in bristol, BS10 7TQ with a Companies House number of 06334001. It operates in the non-life insurance sector, SIC Code 65120. Founded in August 2007, it's largest shareholder is somerset bridge group limited with a 100% stake. Somerset Bridge Insurance Services Limited is a established, large sized company, Pomanda has estimated its turnover at £38.5m with declining growth in recent years.

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Somerset Bridge Insurance Services Limited Health Check

Pomanda's financial health check has awarded Somerset Bridge Insurance Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £38.5m, make it larger than the average company (£1.9m)

£38.5m - Somerset Bridge Insurance Services Limited

£1.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (4.2%)

-24% - Somerset Bridge Insurance Services Limited

4.2% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Somerset Bridge Insurance Services Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 7.1% make it less profitable than the average company (15.9%)

7.1% - Somerset Bridge Insurance Services Limited

15.9% - Industry AVG

employees

Employees

with 109 employees, this is above the industry average (25)

109 - Somerset Bridge Insurance Services Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.2k, the company has a lower pay structure (£62.3k)

£43.2k - Somerset Bridge Insurance Services Limited

£62.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £353.5k, this is more efficient (£153.8k)

£353.5k - Somerset Bridge Insurance Services Limited

£153.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 72 days, this is earlier than average (228 days)

72 days - Somerset Bridge Insurance Services Limited

228 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Somerset Bridge Insurance Services Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Somerset Bridge Insurance Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (18 weeks)

26 weeks - Somerset Bridge Insurance Services Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.5%, this is a lower level of debt than the average (82.5%)

35.5% - Somerset Bridge Insurance Services Limited

82.5% - Industry AVG

SOMERSET BRIDGE INSURANCE SERVICES LIMITED financials

EXPORTms excel logo

Somerset Bridge Insurance Services Limited's latest turnover from December 2022 is £38.5 million and the company has net assets of £27.3 million. According to their latest financial statements, Somerset Bridge Insurance Services Limited has 109 employees and maintains cash reserves of £7.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover38,531,00049,958,00057,080,00086,513,00087,924,00077,607,00047,283,00033,691,00030,298,00012,809,0008,192,0007,083,0007,039,0004,570,000
Other Income Or Grants00000000000000
Cost Of Sales05,887000721,2751,463,3793,261,11603,180,2982,037,2771,914,7852,076,6780
Gross Profit38,531,00049,952,11357,080,00086,513,00087,924,00076,885,72545,819,62130,429,88430,298,0009,628,7026,154,7235,168,2154,962,3220
Admin Expenses35,803,00046,648,11353,571,00081,554,00081,399,00074,528,72545,566,621-222,846,11628,992,0009,400,7026,003,7235,260,3655,118,889531,475
Operating Profit2,728,0003,304,0003,509,0004,959,0006,525,0002,357,000253,000253,276,0001,306,000228,000151,000-92,150-156,567-531,475
Interest Payable003,00003,00017,00029,0000000000
Interest Receivable50,000010,00080,00019,0007,0008,0005,0008,00011,0005,000000
Pre-Tax Profit2,778,0003,304,0003,516,0005,039,0006,541,0002,467,000165,000281,0001,314,000239,000156,000-192,000-237,000-979,000
Tax-19,00012,000-116,000-291,000-347,000-591,000-186,0003,000-298,000-59,000-127,000-19,00025,000453,000
Profit After Tax2,759,0003,316,0003,400,0004,748,0006,194,0001,876,000-21,000284,0001,016,000180,00029,000-211,000-212,000-526,000
Dividends Paid00000000000000
Retained Profit2,759,0003,316,0007,150,0004,591,0005,854,0001,543,000-25,000284,0001,016,000180,00029,000-211,000-212,000-526,000
Employee Costs4,714,0006,239,0007,032,00016,399,00015,554,00013,773,00012,768,00015,657,00015,569,0007,766,0005,892,0005,032,0005,304,0004,005,000
Number Of Employees1099689359483440361535579331236224222162
EBITDA*2,728,0003,304,0003,509,0004,959,0006,545,0002,449,000616,000254,082,0002,205,0001,068,000724,000459,850-72,567-170,475

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets0000022,000114,000469,0001,268,0001,524,0001,046,000875,0001,130,000792,000
Intangible Assets00000008,00016,00004,000,000000
Investments & Other00000212,000157,00010,00010,00000000
Debtors (Due After 1 year)0000000000206,000203,000478,000453,000
Total Fixed Assets00000234,000271,000487,0001,294,0001,524,0005,252,0001,078,0001,608,0001,245,000
Stock & work in progress00000000000000
Trade Debtors7,634,0005,673,0009,517,00010,470,00011,001,0007,823,0006,060,0004,330,0003,925,0004,899,00000297,000556,000
Group Debtors24,704,00023,375,00019,561,00011,905,00011,945,00012,593,00011,977,0008,214,00010,543,0009,693,0004,225,0001,864,000477,000619,000
Misc Debtors2,330,0001,864,0001,950,0003,607,0004,410,0003,519,0002,183,0002,292,0001,463,000622,000135,000275,000343,000153,000
Cash7,634,0004,282,0003,353,0003,658,00010,500,0005,438,0002,211,0003,256,0002,138,0002,834,000784,0004,682,0003,496,0002,190,000
misc current assets00000000000000
total current assets42,302,00035,194,00034,381,00029,640,00037,856,00029,373,00022,431,00018,092,00018,069,00018,048,0005,144,0006,821,0004,613,0003,518,000
total assets42,302,00035,194,00034,381,00029,640,00037,856,00029,607,00022,702,00018,579,00019,363,00019,572,00010,396,0007,899,0006,221,0004,763,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 1,591,000898,000895,00013,013,00019,006,00014,789,0007,009,0003,542,0006,228,000621,000124,000466,000463,000251,000
Group/Directors Accounts12,226,0008,479,00010,109,000156,0001,714,0003,732,0005,520,0005,753,0002,928,00012,354,0006,201,0002,316,0001,724,0002,160,000
other short term finances00000000000000
hp & lease commitments00000074,00037,00080,00031,0000000
other current liabilities1,206,0001,297,0002,173,0002,232,0007,156,0006,461,0007,216,0005,990,0007,114,0004,711,0002,753,0002,305,0002,219,0002,577,000
total current liabilities15,023,00010,674,00013,177,00015,401,00027,876,00024,982,00019,819,00015,322,00016,350,00017,717,0009,078,0005,087,0004,406,0004,988,000
loans00000000002,143,0002,143,0002,143,0000
hp & lease commitments000000074,000111,000119,0000000
Accruals and Deferred Income0000386,000735,000748,0001,093,0001,096,000946,000765,0002,288,0001,080,000971,000
other liabilities00000066,0000000000
provisions00000000000000
total long term liabilities0000386,000735,000814,0001,167,0001,207,0001,065,0002,908,0004,431,0003,223,000971,000
total liabilities15,023,00010,674,00013,177,00015,401,00028,262,00025,717,00020,633,00016,489,00017,557,00018,782,00011,986,0009,518,0007,629,0005,959,000
net assets27,279,00024,520,00021,204,00014,053,0009,462,0003,608,0002,065,0002,090,0001,806,000790,000-1,590,000-1,619,000-1,408,000-1,196,000
total shareholders funds27,279,00024,520,00021,204,00014,053,0009,462,0003,608,0002,065,0002,090,0001,806,000790,000-1,590,000-1,619,000-1,408,000-1,196,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,728,0003,304,0003,509,0004,959,0006,525,0002,357,000253,000253,276,0001,306,000228,000151,000-92,150-156,567-531,475
Depreciation000020,00092,000355,000798,000891,000840,000573,000552,00084,000361,000
Amortisation0000008,0008,0008,00000000
Tax-19,00012,000-116,000-291,000-347,000-591,000-186,0003,000-298,000-59,000-127,000-19,00025,000453,000
Stock00000000000000
Debtors3,756,000-116,0005,046,000-1,374,0003,421,0003,715,0005,384,000-1,095,000717,00010,648,0002,224,000747,000-186,0001,781,000
Creditors693,0003,000-12,118,000-5,993,0004,217,0007,780,0003,467,000-2,686,0005,607,000497,000-342,0003,000212,000251,000
Accruals and Deferred Income-91,000-876,000-59,000-5,310,000346,000-768,000881,000-1,127,0002,553,0002,139,000-1,075,0001,294,000-249,0003,548,000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-445,0002,559,000-13,830,000-5,261,0007,340,0005,155,000-606,000251,367,0009,350,000-7,003,000-3,044,000990,850101,4332,300,525
Investing Activities
capital expenditure0000560,0000-147,00010,000-659,0002,682,000-4,744,000-297,000-422,000-1,153,000
Change in Investments0000-212,00055,000147,000010,00000000
cash flow from investments0000772,000-55,000-294,00010,000-669,0002,682,000-4,744,000-297,000-422,000-1,153,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts3,747,000-1,630,0009,953,000-1,558,000-2,018,000-1,788,000-233,0002,825,000-9,426,0006,153,0003,885,000592,000-436,0002,160,000
Other Short Term Loans 00000000000000
Long term loans000000000-2,143,000002,143,0000
Hire Purchase and Lease Commitments00000-74,000-37,000-80,00041,000150,0000000
other long term liabilities00000-66,00066,0000000000
share issue001,0000000002,200,000000-670,000
interest50,00007,00080,00016,000-10,000-21,0005,0008,00011,0005,000000
cash flow from financing3,797,000-1,630,0009,961,000-1,478,000-2,002,000-1,938,000-225,0002,750,000-9,377,0006,371,0003,890,000592,0001,707,0001,490,000
cash and cash equivalents
cash3,352,000929,000-305,000-6,842,0005,062,0003,227,000-1,045,0001,118,000-696,0002,050,000-3,898,0001,186,0001,306,0002,190,000
overdraft00000000000000
change in cash3,352,000929,000-305,000-6,842,0005,062,0003,227,000-1,045,0001,118,000-696,0002,050,000-3,898,0001,186,0001,306,0002,190,000

somerset bridge insurance services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Somerset Bridge Insurance Services Limited Competitor Analysis

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Perform a competitor analysis for somerset bridge insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in BS10 area or any other competitors across 12 key performance metrics.

somerset bridge insurance services limited Ownership

SOMERSET BRIDGE INSURANCE SERVICES LIMITED group structure

Somerset Bridge Insurance Services Limited has no subsidiary companies.

Ultimate parent company

ARCH CAPITAL GROUP LTD

#0050307

2 parents

SOMERSET BRIDGE INSURANCE SERVICES LIMITED

06334001

SOMERSET BRIDGE INSURANCE SERVICES LIMITED Shareholders

somerset bridge group limited 100%

somerset bridge insurance services limited directors

Somerset Bridge Insurance Services Limited currently has 11 directors. The longest serving directors include Mr Martyn Holman (May 2019) and Mrs Christine Oldridge (Jan 2020).

officercountryagestartendrole
Mr Martyn Holman64 years May 2019- Director
Mrs Christine Oldridge58 years Jan 2020- Director
Mr Damian Arnold44 years Jan 2020- Director
Mr William SoaresBermuda45 years Aug 2021- Director
Ms Julia MansfieldBermuda46 years Aug 2021- Director
Mr William SoaresBermuda45 years Aug 2021- Director
Mr Alistair StewartEngland47 years Jan 2022- Director
Mr Damien Duffy56 years Nov 2022- Director
Mr Rudi Van DelmUnited Kingdom60 years Jul 2024- Director
Mr Aristidas Vilkaitis40 years Dec 2024- Director

P&L

December 2022

turnover

38.5m

-23%

operating profit

2.7m

-17%

gross margin

100%

+0.01%

turnover

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

Balance Sheet

December 2022

net assets

27.3m

+0.11%

total assets

42.3m

+0.2%

cash

7.6m

+0.78%

net assets

Total assets minus all liabilities

somerset bridge insurance services limited company details

company number

06334001

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

August 2007

age

18

incorporated

UK

ultimate parent company

ARCH CAPITAL GROUP LTD

accounts

Full Accounts

last accounts submitted

December 2022

previous names

eldon insurance services limited (December 2019)

accountant

-

auditor

BDO LLP

address

lysander house (2nd floor), catbrain lane cribbs causeway, bristol, BS10 7TQ

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

somerset bridge insurance services 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 1 charges/mortgages relating to somerset bridge insurance services limited. Currently there are 0 open charges and 1 have been satisfied in the past.

somerset bridge insurance services 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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somerset bridge insurance services limited Companies House Filings - See Documents

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