somerset bridge insurance services limited Company Information
Company Number
06334001
Next Accounts
106 days late
Industry
Non-life insurance
Shareholders
somerset bridge group limited
Group Structure
View All
Contact
Registered Address
lysander house (2nd floor), catbrain lane cribbs causeway, bristol, BS10 7TQ
somerset bridge insurance services limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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.
Upgrade for unlimited company reports & a free credit check
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
7 Strong
1 Regular
2 Weak
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
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
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
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
with 109 employees, this is above the industry average (25)
109 - Somerset Bridge Insurance Services Limited
25 - Industry AVG
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
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
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
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Somerset Bridge Insurance Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Somerset Bridge Insurance Services Limited
- - Industry AVG
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
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
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 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 | 38,531,000 | 49,958,000 | 57,080,000 | 86,513,000 | 87,924,000 | 77,607,000 | 47,283,000 | 33,691,000 | 30,298,000 | 12,809,000 | 8,192,000 | 7,083,000 | 7,039,000 | 4,570,000 |
Other Income Or Grants | 0 | |||||||||||||
Cost Of Sales | 0 | |||||||||||||
Gross Profit | 30,298,000 | |||||||||||||
Admin Expenses | 28,992,000 | |||||||||||||
Operating Profit | 2,728,000 | 3,304,000 | 3,509,000 | 4,959,000 | 6,525,000 | 2,357,000 | 253,000 | 253,276,000 | 1,306,000 | 228,000 | 151,000 | |||
Interest Payable | 0 | 0 | 3,000 | 0 | 3,000 | 17,000 | 29,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 50,000 | 0 | 10,000 | 80,000 | 19,000 | 7,000 | 8,000 | 5,000 | 8,000 | 11,000 | 5,000 | 0 | 0 | 0 |
Pre-Tax Profit | 2,778,000 | 3,304,000 | 3,516,000 | 5,039,000 | 6,541,000 | 2,467,000 | 165,000 | 281,000 | 1,314,000 | 239,000 | 156,000 | -192,000 | -237,000 | -979,000 |
Tax | -19,000 | 12,000 | -116,000 | -291,000 | -347,000 | -591,000 | -186,000 | 3,000 | -298,000 | -59,000 | -127,000 | -19,000 | 25,000 | 453,000 |
Profit After Tax | 2,759,000 | 3,316,000 | 3,400,000 | 4,748,000 | 6,194,000 | 1,876,000 | -21,000 | 284,000 | 1,016,000 | 180,000 | 29,000 | -211,000 | -212,000 | -526,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 2,759,000 | 3,316,000 | 7,150,000 | 4,591,000 | 5,854,000 | 1,543,000 | -25,000 | 284,000 | 1,016,000 | 180,000 | 29,000 | -211,000 | -212,000 | -526,000 |
Employee Costs | 4,714,000 | 6,239,000 | 7,032,000 | 16,399,000 | 15,554,000 | 13,773,000 | 12,768,000 | 15,657,000 | 15,569,000 | 7,766,000 | 5,892,000 | 5,032,000 | 5,304,000 | 4,005,000 |
Number Of Employees | 109 | 96 | 89 | 359 | 483 | 440 | 361 | 535 | 579 | 331 | 236 | 224 | 222 | 162 |
EBITDA* | 2,728,000 | 3,304,000 | 3,509,000 | 4,959,000 | 6,545,000 | 2,449,000 | 616,000 | 254,082,000 | 2,205,000 | 1,068,000 | 724,000 |
* 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 | 0 | 0 | 0 | 0 | 0 | 22,000 | 114,000 | 469,000 | 1,268,000 | 1,524,000 | 1,046,000 | 875,000 | 1,130,000 | 792,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 16,000 | 0 | 4,000,000 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 212,000 | 157,000 | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206,000 | 203,000 | 478,000 | 453,000 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 234,000 | 271,000 | 487,000 | 1,294,000 | 1,524,000 | 5,252,000 | 1,078,000 | 1,608,000 | 1,245,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 7,634,000 | 5,673,000 | 9,517,000 | 10,470,000 | 11,001,000 | 7,823,000 | 6,060,000 | 4,330,000 | 3,925,000 | 4,899,000 | 0 | 0 | 297,000 | 556,000 |
Group Debtors | 24,704,000 | 23,375,000 | 19,561,000 | 11,905,000 | 11,945,000 | 12,593,000 | 11,977,000 | 8,214,000 | 10,543,000 | 9,693,000 | 4,225,000 | 1,864,000 | 477,000 | 619,000 |
Misc Debtors | 2,330,000 | 1,864,000 | 1,950,000 | 3,607,000 | 4,410,000 | 3,519,000 | 2,183,000 | 2,292,000 | 1,463,000 | 622,000 | 135,000 | 275,000 | 343,000 | 153,000 |
Cash | 7,634,000 | 4,282,000 | 3,353,000 | 3,658,000 | 10,500,000 | 5,438,000 | 2,211,000 | 3,256,000 | 2,138,000 | 2,834,000 | 784,000 | 4,682,000 | 3,496,000 | 2,190,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 42,302,000 | 35,194,000 | 34,381,000 | 29,640,000 | 37,856,000 | 29,373,000 | 22,431,000 | 18,092,000 | 18,069,000 | 18,048,000 | 5,144,000 | 6,821,000 | 4,613,000 | 3,518,000 |
total assets | 42,302,000 | 35,194,000 | 34,381,000 | 29,640,000 | 37,856,000 | 29,607,000 | 22,702,000 | 18,579,000 | 19,363,000 | 19,572,000 | 10,396,000 | 7,899,000 | 6,221,000 | 4,763,000 |
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 | 1,591,000 | 898,000 | 895,000 | 13,013,000 | 19,006,000 | 14,789,000 | 7,009,000 | 3,542,000 | 6,228,000 | 621,000 | 124,000 | 466,000 | 463,000 | 251,000 |
Group/Directors Accounts | 12,226,000 | 8,479,000 | 10,109,000 | 156,000 | 1,714,000 | 3,732,000 | 5,520,000 | 5,753,000 | 2,928,000 | 12,354,000 | 6,201,000 | 2,316,000 | 1,724,000 | 2,160,000 |
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 | 74,000 | 37,000 | 80,000 | 31,000 | 0 | 0 | 0 | 0 |
other current liabilities | 1,206,000 | 1,297,000 | 2,173,000 | 2,232,000 | 7,156,000 | 6,461,000 | 7,216,000 | 5,990,000 | 7,114,000 | 4,711,000 | 2,753,000 | 2,305,000 | 2,219,000 | 2,577,000 |
total current liabilities | 15,023,000 | 10,674,000 | 13,177,000 | 15,401,000 | 27,876,000 | 24,982,000 | 19,819,000 | 15,322,000 | 16,350,000 | 17,717,000 | 9,078,000 | 5,087,000 | 4,406,000 | 4,988,000 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,143,000 | 2,143,000 | 2,143,000 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74,000 | 111,000 | 119,000 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 386,000 | 735,000 | 748,000 | 1,093,000 | 1,096,000 | 946,000 | 765,000 | 2,288,000 | 1,080,000 | 971,000 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 66,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 386,000 | 735,000 | 814,000 | 1,167,000 | 1,207,000 | 1,065,000 | 2,908,000 | 4,431,000 | 3,223,000 | 971,000 |
total liabilities | 15,023,000 | 10,674,000 | 13,177,000 | 15,401,000 | 28,262,000 | 25,717,000 | 20,633,000 | 16,489,000 | 17,557,000 | 18,782,000 | 11,986,000 | 9,518,000 | 7,629,000 | 5,959,000 |
net assets | 27,279,000 | 24,520,000 | 21,204,000 | 14,053,000 | 9,462,000 | 3,608,000 | 2,065,000 | 2,090,000 | 1,806,000 | 790,000 | -1,590,000 | -1,619,000 | -1,408,000 | -1,196,000 |
total shareholders funds | 27,279,000 | 24,520,000 | 21,204,000 | 14,053,000 | 9,462,000 | 3,608,000 | 2,065,000 | 2,090,000 | 1,806,000 | 790,000 | -1,590,000 | -1,619,000 | -1,408,000 | -1,196,000 |
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 | 2,728,000 | 3,304,000 | 3,509,000 | 4,959,000 | 6,525,000 | 2,357,000 | 253,000 | 253,276,000 | 1,306,000 | 228,000 | 151,000 | |||
Depreciation | 0 | 0 | 0 | 0 | 20,000 | 92,000 | 355,000 | 798,000 | 891,000 | 840,000 | 573,000 | 552,000 | 84,000 | 361,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,000 | 8,000 | 0 | 0 | 0 | 0 | 0 |
Tax | -19,000 | 12,000 | -116,000 | -291,000 | -347,000 | -591,000 | -186,000 | 3,000 | -298,000 | -59,000 | -127,000 | -19,000 | 25,000 | 453,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 3,756,000 | -116,000 | 5,046,000 | -1,374,000 | 3,421,000 | 3,715,000 | 5,384,000 | -1,095,000 | 717,000 | 10,648,000 | 2,224,000 | 747,000 | -186,000 | 1,781,000 |
Creditors | 693,000 | 3,000 | -12,118,000 | -5,993,000 | 4,217,000 | 7,780,000 | 3,467,000 | -2,686,000 | 5,607,000 | 497,000 | -342,000 | 3,000 | 212,000 | 251,000 |
Accruals and Deferred Income | -91,000 | -876,000 | -59,000 | -5,310,000 | 346,000 | -768,000 | 881,000 | -1,127,000 | 2,553,000 | 2,139,000 | -1,075,000 | 1,294,000 | -249,000 | 3,548,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -445,000 | 2,559,000 | -13,830,000 | -5,261,000 | 7,340,000 | 5,155,000 | -606,000 | 251,367,000 | 9,350,000 | -7,003,000 | -3,044,000 | |||
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 560,000 | 0 | -147,000 | 10,000 | ||||||
Change in Investments | 0 | 0 | 0 | 0 | -212,000 | 55,000 | 147,000 | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 772,000 | -55,000 | -294,000 | 10,000 | ||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 3,747,000 | -1,630,000 | 9,953,000 | -1,558,000 | -2,018,000 | -1,788,000 | -233,000 | 2,825,000 | -9,426,000 | 6,153,000 | 3,885,000 | 592,000 | -436,000 | 2,160,000 |
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 | -2,143,000 | 0 | 0 | 2,143,000 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -74,000 | -37,000 | -80,000 | 41,000 | 150,000 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | -66,000 | 66,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 50,000 | 0 | 7,000 | 80,000 | 16,000 | -10,000 | -21,000 | 5,000 | 8,000 | 11,000 | 5,000 | 0 | 0 | 0 |
cash flow from financing | 3,797,000 | -1,630,000 | 9,961,000 | -1,478,000 | -2,002,000 | -1,938,000 | -225,000 | 2,750,000 | -9,377,000 | 6,371,000 | 3,890,000 | 592,000 | 1,707,000 | 1,490,000 |
cash and cash equivalents | ||||||||||||||
cash | 3,352,000 | 929,000 | -305,000 | -6,842,000 | 5,062,000 | 3,227,000 | -1,045,000 | 1,118,000 | -696,000 | 2,050,000 | -3,898,000 | 1,186,000 | 1,306,000 | 2,190,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 3,352,000 | 929,000 | -305,000 | -6,842,000 | 5,062,000 | 3,227,000 | -1,045,000 | 1,118,000 | -696,000 | 2,050,000 | -3,898,000 | 1,186,000 | 1,306,000 | 2,190,000 |
somerset bridge insurance services limited Credit Report and Business Information
Somerset Bridge Insurance Services Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Martyn Holman | 64 years | May 2019 | - | Director | |
Mrs Christine Oldridge | 58 years | Jan 2020 | - | Director | |
Mr Damian Arnold | 44 years | Jan 2020 | - | Director | |
Mr William Soares | Bermuda | 45 years | Aug 2021 | - | Director |
Ms Julia Mansfield | Bermuda | 46 years | Aug 2021 | - | Director |
Mr William Soares | Bermuda | 45 years | Aug 2021 | - | Director |
Mr Alistair Stewart | England | 47 years | Jan 2022 | - | Director |
Mr Damien Duffy | 56 years | Nov 2022 | - | Director | |
Mr Rudi Van Delm | United Kingdom | 60 years | Jul 2024 | - | Director |
Mr Aristidas Vilkaitis | 40 years | Dec 2024 | - | Director |
P&L
December 2022turnover
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 2022net 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
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.
Click to start generating capital raising & share issue transactions for SOMERSET BRIDGE INSURANCE SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
somerset bridge insurance services limited Companies House Filings - See Documents
date | description | view/download |
---|