towan insurance brokers limited
towan insurance brokers limited Company Information
Group Structure
View All
Industry
Non-life insurance
Registered Address
mor workspace treloggan lane, newquay, cornwall, TR7 2FP
Website
www.towaninsurance.co.uktowan insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of TOWAN INSURANCE BROKERS LIMITED at £34.6k based on a Turnover of £58.7k and 0.59x industry multiple (adjusted for size and gross margin).
towan insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of TOWAN INSURANCE BROKERS LIMITED at £104.3k based on an EBITDA of £15.8k and a 6.61x industry multiple (adjusted for size and gross margin).
towan insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of TOWAN INSURANCE BROKERS LIMITED at £3.3k based on Net Assets of £2k and 1.68x industry multiple (adjusted for liquidity).
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Towan Insurance Brokers Limited Overview
Towan Insurance Brokers Limited is a live company located in cornwall, TR7 2FP with a Companies House number of 06777733. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 2008, it's largest shareholder is shane carl ball with a 100% stake. Towan Insurance Brokers Limited is a established, micro sized company, Pomanda has estimated its turnover at £58.7k with rapid growth in recent years.
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Towan Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Towan Insurance Brokers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £58.7k, make it smaller than the average company (£2.2m)
- Towan Insurance Brokers Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (10.5%)
- Towan Insurance Brokers Limited
10.5% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Towan Insurance Brokers Limited
100% - Industry AVG
Profitability
an operating margin of 26.3% make it more profitable than the average company (17.7%)
- Towan Insurance Brokers Limited
17.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
1 - Towan Insurance Brokers Limited
25 - Industry AVG
Pay Structure
on an average salary of £66.5k, the company has an equivalent pay structure (£66.5k)
- Towan Insurance Brokers Limited
£66.5k - Industry AVG
Efficiency
resulting in sales per employee of £58.7k, this is less efficient (£157.5k)
- Towan Insurance Brokers Limited
£157.5k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is earlier than average (206 days)
- Towan Insurance Brokers Limited
206 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Towan Insurance Brokers Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Towan Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (18 weeks)
49 weeks - Towan Insurance Brokers Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.1%, this is a higher level of debt than the average (78.2%)
92.1% - Towan Insurance Brokers Limited
78.2% - Industry AVG
TOWAN INSURANCE BROKERS LIMITED financials
Towan Insurance Brokers Limited's latest turnover from April 2024 is estimated at £58.7 thousand and the company has net assets of £2 thousand. According to their latest financial statements, Towan Insurance Brokers Limited has 1 employee and maintains cash reserves of £7.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | ||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,414 | 344 | |||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 10,134 | 5,366 | 14,832 | 809 | |||||||||||
| Total Fixed Assets | 1,414 | 344 | 10,134 | 5,366 | 14,832 | 809 | |||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 12,208 | 13,443 | 16,041 | 16,041 | 19,463 | 23,684 | 33,420 | 16,068 | 19,301 | 30,747 | 16,423 | 12,498 | 15,660 | 12,108 | 6,805 |
| Group Debtors | 16,558 | 5,209 | 11,615 | 9,880 | 7,121 | ||||||||||
| Misc Debtors | 3,750 | 616 | 427 | ||||||||||||
| Cash | 7,467 | 6,492 | 3,513 | 21,173 | 2 | 528 | 128 | 99 | 5,804 | 7 | |||||
| misc current assets | 165 | ||||||||||||||
| total current assets | 23,425 | 20,551 | 36,112 | 42,423 | 31,078 | 33,564 | 33,420 | 23,616 | 19,466 | 30,749 | 16,951 | 12,626 | 15,759 | 17,912 | 6,812 |
| total assets | 24,839 | 20,895 | 36,112 | 42,423 | 31,078 | 33,564 | 33,420 | 23,616 | 29,600 | 30,749 | 22,317 | 27,458 | 15,759 | 17,912 | 7,621 |
| Bank overdraft | 2,500 | 2,500 | 2,500 | 22,500 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,418 | 1,934 | 127 | 4,497 | 4,518 | 16,399 | 11,228 | 11,493 | 6,585 | ||||||
| Group/Directors Accounts | 4 | 6,918 | 2,143 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 5,372 | 2,271 | 9,603 | 16,440 | 30,472 | 33,424 | 3,475 | 2,718 | 3,094 | ||||||
| total current liabilities | 7,876 | 11,689 | 14,521 | 40,874 | 30,472 | 33,424 | 5,618 | 2,845 | 3,094 | 4,497 | 4,518 | 16,399 | 11,228 | 11,493 | 6,585 |
| loans | 15,000 | 17,500 | 20,000 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,453 | 2,314 | 14,071 | 1,000 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 15,000 | 17,500 | 20,000 | 1,453 | 2,314 | 14,071 | 1,000 | ||||||||
| total liabilities | 22,876 | 29,189 | 34,521 | 40,874 | 30,472 | 33,424 | 5,618 | 2,845 | 3,094 | 5,950 | 4,518 | 16,399 | 13,542 | 25,564 | 7,585 |
| net assets | 1,963 | -8,294 | 1,591 | 1,549 | 606 | 140 | 27,802 | 20,771 | 26,506 | 24,799 | 17,799 | 11,059 | 2,217 | -7,652 | 36 |
| total shareholders funds | 1,963 | -8,294 | 1,591 | 1,549 | 606 | 140 | 27,802 | 20,771 | 26,506 | 24,799 | 17,799 | 11,059 | 2,217 | -7,652 | 36 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 354 | 86 | |||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 1,899 | -18,540 | 11,349 | -9,828 | -2,486 | 144 | 9,804 | -5,819 | -1,312 | 8,958 | -5,541 | 11,670 | 3,552 | 4,494 | 7,614 |
| Creditors | -2,418 | 484 | 1,934 | -127 | 127 | -4,497 | -21 | -11,881 | 5,171 | -265 | 4,908 | 6,585 | |||
| Accruals and Deferred Income | 3,101 | -7,332 | -6,837 | -14,032 | -2,952 | 29,949 | 757 | -376 | 3,094 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -6,914 | 6,918 | -2,143 | 2,143 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -2,500 | -2,500 | 20,000 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -1,453 | 1,453 | -2,314 | -11,757 | 13,071 | 1,000 | |||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 975 | 2,979 | -17,660 | 21,173 | -2 | -526 | 400 | 29 | -5,705 | 5,797 | 7 | ||||
| overdraft | -20,000 | 22,500 | |||||||||||||
| change in cash | 975 | 2,979 | 2,340 | -1,327 | -2 | -526 | 400 | 29 | -5,705 | 5,797 | 7 |
towan insurance brokers limited Credit Report and Business Information
Towan Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for towan insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in TR7 area or any other competitors across 12 key performance metrics.
towan insurance brokers limited Ownership
TOWAN INSURANCE BROKERS LIMITED group structure
Towan Insurance Brokers Limited has no subsidiary companies.
Ultimate parent company
TOWAN INSURANCE BROKERS LIMITED
06777733
towan insurance brokers limited directors
Towan Insurance Brokers Limited currently has 1 director, Mr Shane Ball serving since Dec 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shane Ball | England | 51 years | Dec 2008 | - | Director |
P&L
April 2024turnover
58.7k
+154%
operating profit
15.4k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
2k
-1.24%
total assets
24.8k
+0.19%
cash
7.5k
+0.15%
net assets
Total assets minus all liabilities
towan insurance brokers limited company details
company number
06777733
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
December 2008
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
DEREK COUSENS LTD
auditor
-
address
mor workspace treloggan lane, newquay, cornwall, TR7 2FP
Bank
-
Legal Advisor
-
towan insurance brokers 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 towan insurance brokers limited.
towan insurance brokers 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 TOWAN INSURANCE BROKERS LIMITED. This can take several minutes, an email will notify you when this has completed.
towan insurance brokers limited Companies House Filings - See Documents
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