specialist risk insurance solutions limited
specialist risk insurance solutions limited Company Information
Company Number
06368755
Next Accounts
Sep 2025
Shareholders
specialist risk group limited
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
6th floor, one america square, crosswall, london, EC3N 2LB
specialist risk insurance solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIALIST RISK INSURANCE SOLUTIONS LIMITED at £18.7m based on a Turnover of £15.1m and 1.24x industry multiple (adjusted for size and gross margin).
specialist risk insurance solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIALIST RISK INSURANCE SOLUTIONS LIMITED at £20.6m based on an EBITDA of £3m and a 6.92x industry multiple (adjusted for size and gross margin).
specialist risk insurance solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIALIST RISK INSURANCE SOLUTIONS LIMITED at £17.5m based on Net Assets of £10.2m and 1.72x industry multiple (adjusted for liquidity).
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Specialist Risk Insurance Solutions Limited Overview
Specialist Risk Insurance Solutions Limited is a live company located in london, EC3N 2LB with a Companies House number of 06368755. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in September 2007, it's largest shareholder is specialist risk group limited with a 100% stake. Specialist Risk Insurance Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £15.1m with rapid growth in recent years.
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Specialist Risk Insurance Solutions Limited Health Check
Pomanda's financial health check has awarded Specialist Risk Insurance Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £15.1m, make it larger than the average company (£3m)
£15.1m - Specialist Risk Insurance Solutions Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (6.8%)
32% - Specialist Risk Insurance Solutions Limited
6.8% - Industry AVG
Production
with a gross margin of 95%, this company has a comparable cost of product (95%)
95% - Specialist Risk Insurance Solutions Limited
95% - Industry AVG
Profitability
an operating margin of 19.7% make it as profitable than the average company (19.6%)
19.7% - Specialist Risk Insurance Solutions Limited
19.6% - Industry AVG
Employees
with 120 employees, this is above the industry average (19)
- Specialist Risk Insurance Solutions Limited
19 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Specialist Risk Insurance Solutions Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £126.1k, this is equally as efficient (£126.4k)
- Specialist Risk Insurance Solutions Limited
£126.4k - Industry AVG
Debtor Days
it gets paid by customers after 296 days, this is later than average (73 days)
296 days - Specialist Risk Insurance Solutions Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 8074 days, this is slower than average (150 days)
8074 days - Specialist Risk Insurance Solutions Limited
150 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Specialist Risk Insurance Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (33 weeks)
7 weeks - Specialist Risk Insurance Solutions Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89%, this is a higher level of debt than the average (58.1%)
89% - Specialist Risk Insurance Solutions Limited
58.1% - Industry AVG
SPECIALIST RISK INSURANCE SOLUTIONS LIMITED financials
Specialist Risk Insurance Solutions Limited's latest turnover from December 2023 is £15.1 million and the company has net assets of £10.2 million. According to their latest financial statements, we estimate that Specialist Risk Insurance Solutions Limited has 120 employees and maintains cash reserves of £9.1 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 | 15,135,000 | 11,848,000 | 10,768,000 | 6,558,924 | 3,261,212 | 1,285,654 | 739,021 | ||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 2,976,000 | 1,621,000 | 2,179,000 | 1,999,936 | 1,475,339 | 535,278 | 206,671 | ||||||||
| Interest Payable | 1,409,000 | ||||||||||||||
| Interest Receivable | 103,000 | 11,000 | 1,000 | 824 | 2,392 | 133 | 38 | ||||||||
| Pre-Tax Profit | 1,670,000 | 1,632,000 | 2,180,000 | 2,000,760 | 1,477,731 | 535,411 | 206,709 | ||||||||
| Tax | -4,000 | -43,000 | -362,235 | -287,860 | -126,470 | -46,491 | |||||||||
| Profit After Tax | 1,666,000 | 1,632,000 | 2,137,000 | 1,638,525 | 1,189,871 | 408,941 | 160,218 | ||||||||
| Dividends Paid | 57,600 | 358,746 | 165,999 | ||||||||||||
| Retained Profit | 1,666,000 | 1,632,000 | 2,137,000 | 1,638,525 | 1,132,271 | 50,195 | -5,781 | ||||||||
| Employee Costs | 3,920,662 | 1,102,493 | |||||||||||||
| Number Of Employees | 55 | 53 | 20 | 25 | 23 | 21 | |||||||||
| EBITDA* | 2,976,000 | 1,623,000 | 2,180,000 | 2,000,576 | 1,480,770 | 540,374 | 210,130 |
* 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 | 2,561 | 3,140 | 2,209 | 2,759 | 7,490 | 23,273 | 36,893 | 5,473 | 3,259 | 4,913 | 3,617 | |||
| Intangible Assets | 1,936,000 | ||||||||||||||
| Investments & Other | 62,914,000 | 11,516,000 | 2 | -2,000 | |||||||||||
| Debtors (Due After 1 year) | 2,000 | 2,000 | |||||||||||||
| Total Fixed Assets | 64,850,000 | 11,516,000 | 2,000 | 2,563 | 3,140 | 2,209 | 2,759 | 7,490 | 23,273 | 36,893 | 5,473 | 3,259 | 4,913 | 5,617 | |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 12,308,000 | 8,668,000 | 7,293,000 | 6,264,433 | 1,374,845 | 286,317 | 202,463 | 212,917 | 210,508 | 181,841 | 198,783 | 241,932 | 140,848 | 49,244 | 31,138 |
| Group Debtors | 4,977,000 | 6,844,000 | 5,808,000 | 2,802,356 | 1,444,821 | ||||||||||
| Misc Debtors | 1,292,000 | 731,000 | 711,000 | 23,019 | 167,619 | 1,079,324 | 98,868 | 112,003 | 54,447 | 8,078 | 8,183 | ||||
| Cash | 9,080,000 | 7,904,000 | 7,736,000 | 6,046,984 | 2,149,158 | 2,251,403 | 1,500,936 | 810,060 | 879,025 | 797,917 | 961,906 | 447,346 | 471,569 | 81,874 | 4,739 |
| misc current assets | 14,000 | 18,000 | |||||||||||||
| total current assets | 27,671,000 | 24,165,000 | 21,548,000 | 15,136,792 | 5,136,443 | 3,617,044 | 1,802,267 | 1,134,980 | 1,143,980 | 979,758 | 1,160,689 | 697,356 | 620,600 | 131,118 | 35,877 |
| total assets | 92,521,000 | 35,681,000 | 21,550,000 | 15,139,355 | 5,136,443 | 3,620,184 | 1,804,476 | 1,137,739 | 1,151,470 | 1,003,031 | 1,197,582 | 702,829 | 623,859 | 136,031 | 41,494 |
| Bank overdraft | 19,217 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 16,793,000 | 13,326,000 | 12,943,000 | 9,867,581 | 70,781 | 47,770 | 36,134 | 17,039 | 890,339 | 1,046,580 | 42,262 | 58,261 | 89,190 | 9,615 | |
| Group/Directors Accounts | 47,559,000 | 10,900,000 | 711,000 | 29,763 | |||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,302,000 | 1,767,000 | 1,020,000 | 503,506 | 1,988,423 | 1,581,694 | 937,208 | 698,381 | 872,593 | 558,309 | 499,535 | ||||
| total current liabilities | 66,654,000 | 25,993,000 | 14,674,000 | 10,400,850 | 1,988,423 | 1,652,475 | 984,978 | 734,515 | 908,849 | 890,339 | 1,046,580 | 600,571 | 557,796 | 89,190 | 9,615 |
| loans | 15,693,000 | 1,180,000 | 14,000 | 28,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 19,224 | 70,396 | 19,000 | 19,000 | 28,000 | 29,800 | |||||||||
| provisions | 48,040 | ||||||||||||||
| total long term liabilities | 15,693,000 | 1,180,000 | 48,040 | 19,224 | 70,396 | 33,000 | 47,000 | 28,000 | 29,800 | ||||||
| total liabilities | 82,347,000 | 27,173,000 | 14,674,000 | 10,400,850 | 2,036,463 | 1,652,475 | 984,978 | 734,515 | 908,849 | 909,563 | 1,116,976 | 633,571 | 604,796 | 117,190 | 39,415 |
| net assets | 10,174,000 | 8,508,000 | 6,876,000 | 4,738,505 | 3,099,980 | 1,967,709 | 819,498 | 403,224 | 242,621 | 93,468 | 80,606 | 69,258 | 19,063 | 18,841 | 2,079 |
| total shareholders funds | 10,174,000 | 8,508,000 | 6,876,000 | 4,738,505 | 3,099,980 | 1,967,709 | 819,498 | 403,224 | 242,621 | 93,468 | 80,606 | 69,258 | 19,063 | 18,841 | 2,079 |
| 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 | 2,976,000 | 1,621,000 | 2,179,000 | 1,999,936 | 1,475,339 | 535,278 | 206,671 | ||||||||
| Depreciation | 2,000 | 1,000 | 640 | 5,431 | 2,338 | 3,446 | 5,579 | 22,376 | 22,492 | 20,268 | 5,096 | 3,459 | 4,874 | 2,817 | |
| Amortisation | |||||||||||||||
| Tax | -4,000 | -43,000 | -362,235 | -287,860 | -126,470 | -46,491 | |||||||||
| Stock | |||||||||||||||
| Debtors | 2,334,000 | 2,431,000 | 4,722,192 | 6,102,523 | 1,621,644 | 1,064,310 | -23,589 | 59,965 | 83,114 | -16,942 | -51,227 | 100,979 | 97,787 | 18,106 | 33,138 |
| Creditors | 3,467,000 | 383,000 | 3,075,419 | 9,867,581 | -70,781 | 23,011 | 11,636 | 19,095 | -873,300 | -156,241 | 1,004,318 | -15,999 | -30,929 | 79,575 | 9,615 |
| Accruals and Deferred Income | 535,000 | 747,000 | 516,494 | -1,484,917 | 406,729 | 644,486 | 238,827 | -174,212 | 872,593 | -558,309 | 58,774 | 499,535 | |||
| Deferred Taxes & Provisions | -48,040 | 48,040 | |||||||||||||
| Cash flow from operations | 4,640,000 | 322,000 | 1,006,721 | 3,870,442 | -44,746 | 355,700 | 534,458 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 51,398,000 | 11,516,000 | -2 | 2 | 2,000 | -2,000 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 36,659,000 | 10,189,000 | 681,237 | 29,763 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 14,513,000 | 1,180,000 | -14,000 | -14,000 | 28,000 | ||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -19,224 | -51,172 | 51,396 | -9,000 | -1,800 | 29,800 | |||||||||
| share issue | |||||||||||||||
| interest | -1,306,000 | 11,000 | 1,000 | 824 | 2,392 | 133 | 38 | ||||||||
| cash flow from financing | 49,866,000 | 11,380,000 | 682,732 | 30,587 | 2,392 | -13,867 | 25,041 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,176,000 | 168,000 | 1,689,016 | 3,897,826 | -102,245 | 750,467 | 690,876 | -68,965 | 81,108 | -163,989 | 514,560 | -24,223 | 389,695 | 77,135 | 4,739 |
| overdraft | -19,217 | 19,217 | |||||||||||||
| change in cash | 1,176,000 | 168,000 | 1,689,016 | 3,897,826 | -102,245 | 750,467 | 690,876 | -49,748 | 61,891 | -163,989 | 514,560 | -24,223 | 389,695 | 77,135 | 4,739 |
specialist risk insurance solutions limited Credit Report and Business Information
Specialist Risk Insurance Solutions Limited Competitor Analysis
Perform a competitor analysis for specialist risk insurance solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3N area or any other competitors across 12 key performance metrics.
specialist risk insurance solutions limited Ownership
SPECIALIST RISK INSURANCE SOLUTIONS LIMITED group structure
Specialist Risk Insurance Solutions Limited has 6 subsidiary companies.
Ultimate parent company
SATURN JERSEY TOPCO LTD
#0142414
2 parents
SPECIALIST RISK INSURANCE SOLUTIONS LIMITED
06368755
6 subsidiaries
specialist risk insurance solutions limited directors
Specialist Risk Insurance Solutions Limited currently has 5 directors. The longest serving directors include Mr Warren Downey (Nov 2019) and Mr Warren Downey (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Warren Downey | United Kingdom | 53 years | Nov 2019 | - | Director |
| Mr Warren Downey | United Kingdom | 53 years | Nov 2019 | - | Director |
| Mr Lee Anderson | United Kingdom | 53 years | Sep 2020 | - | Director |
| Mr Joseph Hanly | United Kingdom | 53 years | May 2022 | - | Director |
| Mr Joseph Hanly | United Kingdom | 53 years | May 2022 | - | Director |
P&L
December 2023turnover
15.1m
+28%
operating profit
3m
+84%
gross margin
95%
+0.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.2m
+0.2%
total assets
92.5m
+1.59%
cash
9.1m
+0.15%
net assets
Total assets minus all liabilities
specialist risk insurance solutions limited company details
company number
06368755
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
September 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
square mile broking limited (July 2020)
accountant
-
auditor
GRANT THORNTON UK LLP
address
6th floor, one america square, crosswall, london, EC3N 2LB
Bank
-
Legal Advisor
-
specialist risk insurance solutions 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 4 charges/mortgages relating to specialist risk insurance solutions limited. Currently there are 0 open charges and 4 have been satisfied in the past.
specialist risk insurance solutions 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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specialist risk insurance solutions limited Companies House Filings - See Documents
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