first central insurance management limited
first central insurance management limited Company Information
Company Number
06489797
Next Accounts
Sep 2025
Shareholders
first central group ltd
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
capital house, 1-5 perrymount road, haywards heath, RH16 3SY
Website
http://www.first-central.comfirst central insurance management limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST CENTRAL INSURANCE MANAGEMENT LIMITED at £538.2m based on a Turnover of £345.1m and 1.56x industry multiple (adjusted for size and gross margin).
first central insurance management limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST CENTRAL INSURANCE MANAGEMENT LIMITED at £118.3m based on an EBITDA of £12.5m and a 9.49x industry multiple (adjusted for size and gross margin).
first central insurance management limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST CENTRAL INSURANCE MANAGEMENT LIMITED at £110.1m based on Net Assets of £58m and 1.9x industry multiple (adjusted for liquidity).
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First Central Insurance Management Limited Overview
First Central Insurance Management Limited is a live company located in haywards heath, RH16 3SY with a Companies House number of 06489797. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in January 2008, it's largest shareholder is first central group ltd with a 100% stake. First Central Insurance Management Limited is a established, mega sized company, Pomanda has estimated its turnover at £345.1m with rapid growth in recent years.
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First Central Insurance Management Limited Health Check
Pomanda's financial health check has awarded First Central Insurance Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £345.1m, make it larger than the average company (£2.9m)
£345.1m - First Central Insurance Management Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (6.7%)
33% - First Central Insurance Management Limited
6.7% - Industry AVG
Production
with a gross margin of 40.7%, this company has a higher cost of product (94.6%)
40.7% - First Central Insurance Management Limited
94.6% - Industry AVG
Profitability
an operating margin of 3.5% make it less profitable than the average company (19.6%)
3.5% - First Central Insurance Management Limited
19.6% - Industry AVG
Employees
with 845 employees, this is above the industry average (18)
845 - First Central Insurance Management Limited
18 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£52.4k)
£47.4k - First Central Insurance Management Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £408.4k, this is more efficient (£126.4k)
£408.4k - First Central Insurance Management Limited
£126.4k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (73 days)
23 days - First Central Insurance Management Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is quicker than average (150 days)
42 days - First Central Insurance Management Limited
150 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (14 days)
1 days - First Central Insurance Management Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (33 weeks)
6 weeks - First Central Insurance Management Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (58%)
90.5% - First Central Insurance Management Limited
58% - Industry AVG
FIRST CENTRAL INSURANCE MANAGEMENT LIMITED financials
First Central Insurance Management Limited's latest turnover from December 2023 is £345.1 million and the company has net assets of £58 million. According to their latest financial statements, First Central Insurance Management Limited has 845 employees and maintains cash reserves of £64.5 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 | 345,062,000 | 219,561,000 | 198,177,000 | 147,120,000 | 114,812,000 | 115,242,000 | 108,554,000 | 99,597,000 | 58,485,000 | 47,802,357 | 20,273,460 | 18,915,152 | 12,657,593 | 9,984,593 | 4,670,952 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 204,505,000 | 146,822,000 | 116,199,000 | 72,047,000 | 59,823,000 | 61,734,000 | 55,896,000 | 52,994,000 | 20,771,962 | 14,611,665 | |||||
| Gross Profit | 140,557,000 | 72,739,000 | 81,978,000 | 75,073,000 | 54,989,000 | 53,508,000 | 52,658,000 | 46,603,000 | 37,713,038 | 33,190,692 | 20,273,460 | ||||
| Admin Expenses | 128,470,000 | 68,859,000 | 68,340,000 | 61,491,000 | 46,046,000 | 45,705,000 | 44,267,000 | 41,639,000 | 36,326,182 | 32,326,555 | 20,239,050 | ||||
| Operating Profit | 12,087,000 | 3,880,000 | 13,638,000 | 13,582,000 | 8,943,000 | 7,803,000 | 8,391,000 | 4,964,000 | 1,386,856 | 864,137 | 34,410 | 274,508 | -80,548 | -147,430 | -45,870 |
| Interest Payable | 24,334 | 79,038 | 32,920 | 117,095 | 133,088 | ||||||||||
| Interest Receivable | 2,063,000 | 225,000 | 8,000 | 5,000 | 13,000 | 7,000 | 20,000 | 8,580 | 3,116 | 3,851 | 16,108 | 541 | |||
| Pre-Tax Profit | 14,150,000 | 4,105,000 | 13,646,000 | 13,587,000 | 8,956,000 | 7,816,000 | 8,398,000 | 4,984,000 | 1,395,436 | 842,919 | -40,777 | 290,616 | -112,927 | -559,525 | -178,958 |
| Tax | -3,394,000 | -245,000 | -3,006,000 | -2,473,000 | -1,691,000 | -1,535,000 | -1,640,000 | -1,023,000 | -286,691 | -191,489 | -45,777 | -116,444 | 3,610 | 31,844 | 45,707 |
| Profit After Tax | 10,756,000 | 3,860,000 | 10,640,000 | 11,114,000 | 7,265,000 | 6,281,000 | 6,758,000 | 3,961,000 | 1,108,745 | 651,430 | -86,554 | 174,172 | -109,317 | -527,681 | -133,251 |
| Dividends Paid | 3,044,000 | 428,000 | 2,070,000 | 2,500,000 | 500,000 | 2,500,000 | 180,000 | ||||||||
| Retained Profit | 10,668,000 | 793,000 | 9,749,000 | 8,441,000 | 6,609,000 | 3,211,000 | 5,777,000 | 1,094,000 | 733,737 | 576,155 | -43,778 | 174,172 | -109,317 | -527,681 | -133,251 |
| Employee Costs | 40,038,000 | 30,861,000 | 28,109,000 | 18,936,000 | 15,781,000 | 23,139,000 | 25,507,000 | 22,811,000 | 18,145,657 | 16,600,268 | 13,886,235 | 11,314,869 | 8,567,420 | 6,417,819 | 2,780,498 |
| Number Of Employees | 845 | 743 | 616 | 441 | 446 | 612 | 664 | 635 | 519 | 539 | 486 | 431 | 375 | 265 | 107 |
| EBITDA* | 12,468,000 | 4,185,000 | 17,336,000 | 16,924,000 | 11,879,000 | 9,863,000 | 8,909,000 | 5,418,000 | 1,737,200 | 1,187,572 | 450,094 | 847,591 | 471,252 | 302,379 | 258,017 |
* 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 | 961,000 | 1,029,000 | 1,230,000 | 1,377,000 | 2,609,000 | 3,157,000 | 2,587,000 | 2,504,000 | 1,658,490 | 1,365,652 | 620,379 | 908,016 | 1,091,501 | 1,182,389 | 729,036 |
| Intangible Assets | 49,000 | 178,000 | 8,744,000 | 4,761,000 | 3,759,000 | 4,368,000 | 2,900,000 | 1,013,000 | |||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,010,000 | 1,207,000 | 9,974,000 | 6,138,000 | 6,368,000 | 7,525,000 | 5,487,000 | 3,517,000 | 1,658,490 | 1,365,652 | 620,379 | 908,016 | 1,091,501 | 1,182,389 | 729,036 |
| Stock & work in progress | 1,085,000 | 444,000 | |||||||||||||
| Trade Debtors | 22,533,000 | 7,431,000 | 20,682,000 | 8,784,000 | 8,883,000 | 8,475,000 | 7,928,000 | 8,257,000 | 79,211,177 | 3,396,423 | 12,342 | 1,832 | |||
| Group Debtors | 54,165,000 | 29,109,000 | 20,604,000 | 3,367,000 | 1,831,000 | 3,344,000 | 2,538,000 | 1,477,000 | 3,603,221 | 6,850,546 | 5,625,252 | 3,894,371 | 1,643,637 | 1,767,749 | 128,044 |
| Misc Debtors | 469,667,000 | 410,239,000 | 314,638,000 | 225,056,000 | 145,560,000 | 155,992,000 | 154,350,000 | 133,250,000 | 14,955,025 | 9,593,315 | 2,346,111 | 2,271,195 | 1,670,255 | 1,391,360 | 1,438,988 |
| Cash | 64,451,000 | 40,289,000 | 24,925,000 | 24,856,000 | 16,840,000 | 7,123,000 | 6,460,000 | 10,082,000 | 10,274,004 | 6,881,040 | 2,390,284 | 1,150,611 | 822,852 | 288,706 | 208,032 |
| misc current assets | 94,000 | 43,698 | |||||||||||||
| total current assets | 611,901,000 | 487,512,000 | 380,849,000 | 262,063,000 | 173,208,000 | 174,934,000 | 171,276,000 | 153,066,000 | 108,087,125 | 26,721,324 | 10,373,989 | 7,316,177 | 4,136,744 | 3,447,815 | 1,776,896 |
| total assets | 612,911,000 | 488,719,000 | 390,823,000 | 268,201,000 | 179,576,000 | 182,459,000 | 176,763,000 | 156,583,000 | 109,745,615 | 28,086,976 | 10,994,368 | 8,224,193 | 5,228,245 | 4,630,204 | 2,505,932 |
| Bank overdraft | 1,595,000 | 245,000 | 2,483,000 | 2,923,000 | 4,546,000 | 4,113,234 | 2,999,568 | 1,505,519 | 1,128,939 | 198,858 | 51,472 | 366,243 | |||
| Bank loan | |||||||||||||||
| Trade Creditors | 23,967,000 | 10,475,000 | 11,537,000 | 19,158,000 | 12,629,000 | 1,356,000 | 765,000 | 2,663,000 | 5,183,033 | 2,686,351 | 466,006 | 206,004 | 302,642 | 231,521 | 175,011 |
| Group/Directors Accounts | 81,188,000 | 21,966,000 | 26,887,000 | 6,936,000 | 5,441,000 | 9,198,000 | 3,272,000 | 2,559,000 | 1,664,725 | 9,589,473 | 1,635 | 720 | 29,983 | 175,839 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 436,996,000 | 406,893,000 | 311,768,000 | 210,329,000 | 140,231,000 | 155,063,000 | 158,676,000 | 141,362,000 | 94,677,300 | 9,538,823 | 6,506,825 | 4,428,849 | 2,559,451 | 1,290,617 | 727,413 |
| total current liabilities | 542,151,000 | 439,334,000 | 350,192,000 | 238,018,000 | 158,546,000 | 168,100,000 | 165,636,000 | 151,130,000 | 105,638,292 | 24,814,215 | 8,479,985 | 5,764,512 | 3,060,951 | 1,603,593 | 1,444,506 |
| loans | 750,000 | 1,978,983 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 11,875,000 | ||||||||||||||
| provisions | 751,000 | 634,000 | 681,000 | 445,000 | 336,000 | 360,000 | 309,000 | 449,000 | 288,205 | 382,388 | 262,514 | 121,283 | |||
| total long term liabilities | 12,626,000 | 634,000 | 681,000 | 445,000 | 336,000 | 360,000 | 309,000 | 449,000 | 288,205 | 382,388 | 262,514 | 121,283 | 750,000 | 1,978,983 | |
| total liabilities | 554,777,000 | 439,968,000 | 350,873,000 | 238,463,000 | 158,882,000 | 168,460,000 | 165,945,000 | 151,579,000 | 105,926,497 | 25,196,603 | 8,742,499 | 5,885,795 | 3,060,951 | 2,353,593 | 3,423,489 |
| net assets | 57,990,000 | 48,519,000 | 39,651,000 | 29,474,000 | 20,463,000 | 13,854,000 | 10,643,000 | 4,866,000 | 3,771,586 | 2,857,849 | 2,294,620 | 2,338,398 | 2,167,294 | 2,276,611 | -917,557 |
| total shareholders funds | 57,990,000 | 48,519,000 | 39,651,000 | 29,474,000 | 20,463,000 | 13,854,000 | 10,643,000 | 4,866,000 | 3,771,586 | 2,857,849 | 2,294,620 | 2,338,398 | 2,167,294 | 2,276,611 | -917,557 |
| 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 | 12,087,000 | 3,880,000 | 13,638,000 | 13,582,000 | 8,943,000 | 7,803,000 | 8,391,000 | 4,964,000 | 1,386,856 | 864,137 | 34,410 | 274,508 | -80,548 | -147,430 | -45,870 |
| Depreciation | 255,000 | 252,000 | 281,000 | 659,000 | 651,000 | 753,000 | 518,000 | 454,000 | 350,344 | 323,435 | 415,684 | 573,083 | 551,800 | 449,809 | 303,887 |
| Amortisation | 126,000 | 53,000 | 3,417,000 | 2,683,000 | 2,285,000 | 1,307,000 | |||||||||
| Tax | -3,394,000 | -245,000 | -3,006,000 | -2,473,000 | -1,691,000 | -1,535,000 | -1,640,000 | -1,023,000 | -286,691 | -191,489 | -45,777 | -116,444 | 3,610 | 31,844 | 45,707 |
| Stock | 641,000 | 444,000 | |||||||||||||
| Debtors | 99,586,000 | 90,855,000 | 118,717,000 | 80,933,000 | -11,537,000 | 2,995,000 | 21,832,000 | 45,214,577 | 77,929,139 | 11,856,579 | 1,818,139 | 2,851,674 | 154,783 | 1,590,245 | 1,568,864 |
| Creditors | 13,492,000 | -1,062,000 | -7,621,000 | 6,529,000 | 11,273,000 | 591,000 | -1,898,000 | -2,520,033 | 2,496,682 | 2,220,345 | 260,002 | -96,638 | 71,121 | 56,510 | 175,011 |
| Accruals and Deferred Income | 30,103,000 | 95,125,000 | 101,439,000 | 70,098,000 | -14,832,000 | -3,613,000 | 17,314,000 | 46,684,700 | 85,138,477 | 3,031,998 | 2,077,976 | 1,869,398 | 1,268,834 | 563,204 | 727,413 |
| Deferred Taxes & Provisions | 117,000 | -47,000 | 236,000 | 109,000 | -24,000 | 51,000 | -140,000 | 160,795 | -94,183 | 119,874 | 141,231 | 121,283 | |||
| Cash flow from operations | -47,441,000 | 6,657,000 | -10,333,000 | 10,254,000 | 18,142,000 | 2,362,000 | 713,000 | 3,505,885 | 11,062,346 | -5,488,279 | 1,065,387 | -226,484 | 1,660,034 | -636,308 | -362,716 |
| Investing Activities | |||||||||||||||
| capital expenditure | -4,730,000 | -3,535,000 | -2,374,000 | -743,074 | -1,068,822 | -173,050 | -389,598 | -462,781 | -906,449 | -301,814 | |||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -4,730,000 | -3,535,000 | -2,374,000 | -743,074 | -1,068,822 | -173,050 | -389,598 | -462,781 | -906,449 | -301,814 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 59,222,000 | -4,921,000 | 19,951,000 | 1,495,000 | -3,757,000 | 5,926,000 | 713,000 | 894,275 | -7,924,748 | 9,587,838 | 915 | 720 | -29,983 | -145,856 | 175,839 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -750,000 | -1,228,983 | 1,978,983 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 11,875,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | 2,063,000 | 225,000 | 8,000 | 5,000 | 13,000 | 7,000 | 20,000 | 8,580 | -21,218 | -75,187 | 16,108 | -32,379 | -117,095 | -133,088 | |
| cash flow from financing | 71,963,000 | 3,379,000 | 20,387,000 | 2,070,000 | -3,744,000 | 5,926,000 | 720,000 | 914,689 | -7,736,168 | 9,553,694 | -74,272 | 13,760 | -812,362 | 2,229,915 | 1,237,428 |
| cash and cash equivalents | |||||||||||||||
| cash | 24,162,000 | 15,364,000 | 69,000 | 8,016,000 | 9,717,000 | 663,000 | -3,622,000 | -192,004 | 3,392,964 | 4,490,756 | 1,239,673 | 327,759 | 534,146 | 80,674 | 208,032 |
| overdraft | -1,595,000 | 1,350,000 | -2,238,000 | -440,000 | -1,623,000 | 432,766 | 1,113,666 | 1,494,049 | 376,580 | 930,081 | 147,386 | -314,771 | 366,243 | ||
| change in cash | 24,162,000 | 15,364,000 | 1,664,000 | 6,666,000 | 11,955,000 | 1,103,000 | -1,999,000 | -624,770 | 2,279,298 | 2,996,707 | 863,093 | -602,322 | 386,760 | 395,445 | -158,211 |
first central insurance management limited Credit Report and Business Information
First Central Insurance Management Limited Competitor Analysis
Perform a competitor analysis for first central insurance management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in RH16 area or any other competitors across 12 key performance metrics.
first central insurance management limited Ownership
FIRST CENTRAL INSURANCE MANAGEMENT LIMITED group structure
First Central Insurance Management Limited has 2 subsidiary companies.
Ultimate parent company
FIRST CENTRAL GROUP LTD
#0065798
1 parent
FIRST CENTRAL INSURANCE MANAGEMENT LIMITED
06489797
2 subsidiaries
first central insurance management limited directors
First Central Insurance Management Limited currently has 8 directors. The longest serving directors include Mr Shaun Meadows (Jun 2013) and Mr Shaun Meadows (Jun 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shaun Meadows | England | 61 years | Jun 2013 | - | Director |
| Mr Shaun Meadows | England | 61 years | Jun 2013 | - | Director |
| Mr Jonathan Guy | England | 51 years | May 2018 | - | Director |
| Mr Ben Tomasetti | England | 43 years | Dec 2019 | - | Director |
| Mr James Kite | 50 years | Jul 2022 | - | Director | |
| Mr Nigel Meyer | England | 57 years | Aug 2022 | - | Director |
| Mrs Deirdre Moss | England | 60 years | May 2023 | - | Director |
| Ms Sally Clarke | England | 50 years | Apr 2024 | - | Director |
P&L
December 2023turnover
345.1m
+57%
operating profit
12.1m
+212%
gross margin
40.8%
+22.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
58m
+0.2%
total assets
612.9m
+0.25%
cash
64.5m
+0.6%
net assets
Total assets minus all liabilities
first central insurance management limited company details
company number
06489797
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
January 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
gemini insurance management limited (September 2008)
jupiter insurance services limited (May 2008)
accountant
-
auditor
DELOITTE LLP
address
capital house, 1-5 perrymount road, haywards heath, RH16 3SY
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
first central insurance management 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 first central insurance management limited.
first central insurance management limited Capital Raised & Share Issues BETA
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first central insurance management limited Companies House Filings - See Documents
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