marnico underwriting limited
marnico underwriting limited Company Information
Company Number
06996675
Next Accounts
Sep 2025
Shareholders
nicole eileen footer
graeme lawrence footer
Group Structure
View All
Industry
Non-life insurance
Registered Address
3 castlegate, grantham, lincolnshire, NG31 6SF
Website
-marnico underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of MARNICO UNDERWRITING LIMITED at £523k based on a Turnover of £894.3k and 0.58x industry multiple (adjusted for size and gross margin).
marnico underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of MARNICO UNDERWRITING LIMITED at £1.5m based on an EBITDA of £240.3k and a 6.44x industry multiple (adjusted for size and gross margin).
marnico underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of MARNICO UNDERWRITING LIMITED at £56.6k based on Net Assets of £34.5k and 1.64x industry multiple (adjusted for liquidity).
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Marnico Underwriting Limited Overview
Marnico Underwriting Limited is a live company located in lincolnshire, NG31 6SF with a Companies House number of 06996675. It operates in the non-life insurance sector, SIC Code 65120. Founded in August 2009, it's largest shareholder is nicole eileen footer with a 50% stake. Marnico Underwriting Limited is a established, small sized company, Pomanda has estimated its turnover at £894.3k with high growth in recent years.
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Marnico Underwriting Limited Health Check
Pomanda's financial health check has awarded Marnico Underwriting Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £894.3k, make it smaller than the average company (£2.1m)
£894.3k - Marnico Underwriting Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.7%)
17% - Marnico Underwriting Limited
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Marnico Underwriting Limited
100% - Industry AVG
Profitability
an operating margin of 26.9% make it more profitable than the average company (17.5%)
26.9% - Marnico Underwriting Limited
17.5% - Industry AVG
Employees
with 6 employees, this is below the industry average (26)
- Marnico Underwriting Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Marnico Underwriting Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £149.1k, this is equally as efficient (£163.8k)
- Marnico Underwriting Limited
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 148 days, this is earlier than average (216 days)
148 days - Marnico Underwriting Limited
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Marnico Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Marnico Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (18 weeks)
13 weeks - Marnico Underwriting Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.9%, this is a higher level of debt than the average (81.5%)
98.9% - Marnico Underwriting Limited
81.5% - Industry AVG
MARNICO UNDERWRITING LIMITED financials
Marnico Underwriting Limited's latest turnover from December 2023 is £894.3 thousand and the company has net assets of £34.5 thousand. According to their latest financial statements, we estimate that Marnico Underwriting Limited has 6 employees and maintains cash reserves of £239.7 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 894,337 | 757,841 | 584,173 | 555,144 | 520,296 | 477,471 | 463,773 | 434,711 | 370,846 | 352,368 | 363,267 | 364,003 | 307,467 | 150,227 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 196,124 | -22,169 | 15,974 | -23,329 | -4,297 | -18,482 | -57,737 | 11,831 | 193 | 28,812 | 33,739 | 7,275 | -79,018 | -41,841 |
| Tax | -4,260 | -487 | -519 | -553 | -739 | -1,220 | -1,022 | -571 | 571 | -745 | -563 | -1,007 | ||
| Profit After Tax | 191,864 | -22,656 | 15,455 | -23,882 | -5,036 | -19,702 | -58,759 | 11,260 | 764 | 28,067 | 33,176 | 6,268 | -79,018 | -41,841 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 191,864 | -22,656 | 15,455 | -23,882 | -5,036 | -19,702 | -58,759 | 11,260 | 764 | 28,067 | 33,176 | 6,268 | -79,018 | -41,841 |
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,138,893 | 1,787,924 | 1,389,844 | 1,176,397 | 1,083,993 | 473,197 | 1,065,652 | 985,519 | 814,357 | 760,598 | 720,978 | 696,460 | 342,896 | 148,977 |
| Intangible Assets | 22,866 | 10,511 | 19,055 | 10,464 | 21,848 | 21,128 | 14,858 | 15,837 | 25,313 | 41,259 | 9,099 | 17,653 | 40,478 | 77,940 |
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,161,759 | 1,798,435 | 1,408,899 | 1,186,861 | 1,105,841 | 494,325 | 1,080,510 | 1,001,356 | 839,670 | 801,857 | 730,077 | 714,113 | 383,374 | 226,917 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 363,214 | 329,732 | 256,414 | 39,167 | 183,785 | 171,261 | 143,090 | 145,456 | 126,175 | 9,581 | 105,961 | 106,622 | 6,341 | 984 |
| Group Debtors | ||||||||||||||
| Misc Debtors | ||||||||||||||
| Cash | 239,667 | 351,417 | 401,085 | 197,376 | 175,812 | 138,266 | 117,425 | 173,073 | 103,914 | 75,714 | 89,892 | 64,328 | 34,275 | 18,256 |
| misc current assets | 8,699 | 5,993 | 3,905 | 4,281 | 3,612 | 4,594 | 4,782 | 4,303 | 3,110 | 3,929 | 2,790 | 2,675 | 2,089 | 460 |
| total current assets | 873,129 | 928,129 | 831,607 | 579,222 | 504,078 | 449,254 | 367,868 | 439,760 | 335,766 | 283,129 | 288,029 | 277,015 | 189,989 | 134,265 |
| total assets | 3,034,888 | 2,726,564 | 2,240,506 | 1,766,083 | 1,609,919 | 943,579 | 1,448,378 | 1,441,116 | 1,175,436 | 1,084,986 | 1,018,106 | 991,128 | 573,363 | 361,182 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 227,894 | 235,401 | 165,648 | 157,878 | 135,856 | 110,832 | 91,472 | 77,502 | 64,463 | 66,073 | 58,829 | 69,457 | 43,017 | 27,806 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | 978 | 780 | 349 | |||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | ||||||||||||||
| total current liabilities | 909,468 | 831,480 | 769,861 | 401,046 | 302,095 | 260,695 | 260,256 | 348,500 | 292,647 | 260,633 | 254,487 | 270,129 | 188,942 | 156,070 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 2,090,888 | 2,052,416 | 1,605,321 | 1,515,168 | 1,434,073 | 1,434,728 | 1,289,633 | 1,135,368 | 936,801 | 877,601 | 844,934 | 835,490 | 505,180 | 246,853 |
| total liabilities | 3,000,356 | 2,883,896 | 2,375,182 | 1,916,214 | 1,736,168 | 1,695,423 | 1,549,889 | 1,483,868 | 1,229,448 | 1,138,234 | 1,099,421 | 1,105,619 | 694,122 | 402,923 |
| net assets | 34,532 | -157,332 | -134,676 | -150,131 | -126,249 | -751,844 | -101,511 | -42,752 | -54,012 | -53,248 | -81,315 | -114,491 | -120,759 | -41,741 |
| total shareholders funds | 34,532 | -157,332 | -134,676 | -150,131 | -126,249 | -121,213 | -101,511 | -42,752 | -54,012 | -53,248 | -81,315 | -114,491 | -120,759 | -41,741 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | -4,260 | -487 | -519 | -553 | -739 | -1,220 | -1,022 | -571 | 571 | -745 | -563 | -1,007 | ||
| Stock | ||||||||||||||
| Debtors | 33,482 | 73,318 | 217,247 | -144,618 | 12,524 | 28,171 | -2,366 | 19,281 | 116,594 | -96,380 | -661 | 100,281 | 5,357 | 984 |
| Creditors | -7,507 | 69,753 | 7,770 | 22,022 | 25,024 | 19,360 | 13,970 | 13,039 | -1,610 | 7,244 | -10,628 | 26,440 | 15,211 | 27,806 |
| Accruals and Deferred Income | ||||||||||||||
| 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 | ||||||||||||||
| Other Short Term Loans | -978 | 198 | 431 | 349 | ||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -111,750 | -49,668 | 203,709 | 21,564 | 37,546 | 20,841 | -55,648 | 69,159 | 28,200 | -14,178 | 25,564 | 30,053 | 16,019 | 18,256 |
| overdraft | ||||||||||||||
| change in cash | -111,750 | -49,668 | 203,709 | 21,564 | 37,546 | 20,841 | -55,648 | 69,159 | 28,200 | -14,178 | 25,564 | 30,053 | 16,019 | 18,256 |
marnico underwriting limited Credit Report and Business Information
Marnico Underwriting Limited Competitor Analysis
Perform a competitor analysis for marnico underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NG31 area or any other competitors across 12 key performance metrics.
marnico underwriting limited Ownership
MARNICO UNDERWRITING LIMITED group structure
Marnico Underwriting Limited has no subsidiary companies.
Ultimate parent company
MARNICO UNDERWRITING LIMITED
06996675
marnico underwriting limited directors
Marnico Underwriting Limited currently has 4 directors. The longest serving directors include Mr Graeme Footer (Aug 2009) and Ms Nicole Footer (Oct 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graeme Footer | England | 79 years | Aug 2009 | - | Director |
| Ms Nicole Footer | England | 54 years | Oct 2011 | - | Director |
| Lady Emma Suffield | England | 63 years | Jan 2019 | - | Director |
| Mr Michael Argyle | England | 63 years | Jan 2019 | - | Director |
P&L
December 2023turnover
894.3k
+18%
operating profit
240.3k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
34.5k
-1.22%
total assets
3m
+0.11%
cash
239.7k
-0.32%
net assets
Total assets minus all liabilities
marnico underwriting limited company details
company number
06996675
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
August 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HUMPHREY & CO AUDIT SERVICES LTD
address
3 castlegate, grantham, lincolnshire, NG31 6SF
Bank
-
Legal Advisor
-
marnico underwriting 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 12 charges/mortgages relating to marnico underwriting limited. Currently there are 12 open charges and 0 have been satisfied in the past.
marnico underwriting 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 MARNICO UNDERWRITING LIMITED. This can take several minutes, an email will notify you when this has completed.
marnico underwriting limited Companies House Filings - See Documents
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