First Insurance Solutions Limited

POWER SEARCH PRICING

SOLUTIONS

first insurance solutions limited Company Information

Live

EstablishedSmallHigh

Company Number

07102852

Website

www.firstinsurancesolutions.co.uk

Registered Address

7th floor corn exchange, 55 mark lane, london, EC3R 7NE

Industry

Non-life insurance

Telephone

02071014941

Next Accounts Due

37 days late

Group Structure

View All

Directors

Martin Bell14 Years

Andrew Chibeba9 Years

View All

Shareholders

brown & brown retail holdco (europe) limited 100%

first insurance solutions limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of FIRST INSURANCE SOLUTIONS LIMITED at £6.6m based on an EBITDA of £885.9k and a 7.47x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

First Insurance Solutions Limited is a live company located in london, EC3R 7NE with a Companies House number of 07102852. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 2009, it's largest shareholder is brown & brown retail holdco (europe) limited with a 100% stake. First Insurance Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded First Insurance Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

0 Regular

3 Weak

Size

annual sales of £3.8m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (1.5%)

EXPORT

First Insurance Solutions Limited's latest turnover from December 2022 is £2.1 million and the company has net assets of £3.1 million. According to their latest financial statements, First Insurance Solutions Limited has 45 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,098,577	3,788,955	1,703,357	1,559,765	1,365,956	1,328,340	1,037,087	863,678	557,051	318,786	309,228	186,204	164,808	17,258
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	707,318	1,268,272	609,868	609,086	506,990	518,723	428,337	404,140	286,345	179,020	181,289	108,034	94,094	9,332
Gross Profit	1,391,259	2,520,683	1,093,489	950,679	858,967	809,618	608,750	459,539	270,706	139,766	127,939	78,170	70,714	7,926
Admin Expenses	517,783	3,386,491	-26,639	108,719	108,192	507,415	518,490	266,257	354,899	-137,691	21,493	-71,057	20,240	8,139
Operating Profit	873,476	-865,808	1,120,128	841,960	750,775	302,203	90,260	193,282	-84,193	277,457	106,446	149,227	50,474	-213
Interest Payable	0	0	0	0	0	0	0	0	1,154	2,295	2,269	1,128	0	0
Interest Receivable	0	0	1,437	1,452	10,626	5,592	2,315	4,193	3,769	2,964	1,893	1,274	486	42
Pre-Tax Profit	872,510	-372,808	1,121,565	843,411	761,401	307,795	92,575	197,475	-81,578	278,127	106,070	149,374	50,961	-171
Tax	-139,072	-258,483	-213,097	-160,248	-144,666	-58,481	-17,589	-39,495	0	-58,407	-24,396	-35,850	-13,250	0
Profit After Tax	733,438	-631,291	908,468	683,163	616,735	249,314	74,986	157,980	-81,578	219,720	81,674	113,524	37,711	-171
Dividends Paid	0	194,885	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	733,438	-826,176	908,468	683,163	616,735	249,314	74,986	157,980	-81,578	219,720	81,674	113,524	37,711	-171
Employee Costs	969,123	1,711,849	2,668,528	2,475,168	2,316,108	2,128,730	1,931,265	1,543,404	147,972	97,595	94,992	47,857	46,847	43,099
Number Of Employees	45	45	50	48	45	41	38	31	3	2	2	1	1	1
EBITDA*	885,883	-843,488	1,130,844	859,289	770,515	317,628	107,424	211,861	-76,458	284,953	113,018	149,609	50,737	-213

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	41,445	77,062	73,882	30,001	30,483	27,990	43,415	34,819	9,544	15,271	19,069	885	787	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	2,245,569	2,245,569	2,245,569	2,245,569	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	41,446	77,063	2,319,451	2,275,570	2,276,052	2,273,559	43,415	34,819	9,544	15,271	19,069	885	787	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	234,442	708,662	658,520	552,656	471,976	506,803	323,054	270,956	422,754	221,217	215,877	122,662	107,388	10,619
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	127,383	28,871	89,064	45,536	71,103	104,167	60,534	7,489	0	0	0	0	0	0
Cash	4,235,978	3,088,765	1,491,166	1,383,729	1,519,268	1,314,279	922,508	929,758	747,378	760,158	425,366	331,796	177,919	16,664
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,597,803	3,826,298	2,238,750	1,981,921	2,062,347	1,925,249	1,306,096	1,208,203	1,170,132	981,375	641,243	454,458	285,307	27,283
total assets	4,639,249	3,903,361	4,558,201	4,257,491	4,338,399	4,198,808	1,349,511	1,243,022	1,179,676	996,646	660,312	455,343	286,094	27,283
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	695,764	1,130,351	1,150,958	1,107,217	907,264	1,025,014	682,022	601,517	783,696	497,688	381,474	258,579	203,254	2,354
Group/Directors Accounts	284,302	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0
other current liabilities	576,912	425,143	334,717	986,216	1,950,240	2,309,634	52,643	101,645	0	0	0	0	0	0
total current liabilities	1,556,978	1,555,494	1,485,675	2,093,433	2,857,504	3,334,648	734,665	703,162	783,696	497,688	381,474	258,579	203,254	2,354
loans	0	0	0	0	0	0	0	0	0	35,500	35,100	34,700	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	14,100	0	0	0	35,300	24,100
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	14,100	35,500	35,100	34,700	35,300	24,100
total liabilities	1,556,978	1,555,494	1,485,675	2,093,433	2,857,504	3,334,648	734,665	703,162	797,796	533,188	416,574	293,279	238,554	26,454
net assets	3,082,271	2,347,867	3,072,526	2,164,058	1,480,895	864,160	614,846	539,860	381,880	463,458	243,738	162,064	47,540	829
total shareholders funds	3,082,271	2,347,867	3,072,526	2,164,058	1,480,895	864,160	614,846	539,860	381,880	463,458	243,738	162,064	47,540	829

	Dec 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	873,476	-865,808	1,120,128	841,960	750,775	302,203	90,260	193,282	-84,193	277,457	106,446	149,227	50,474	-213
Depreciation	12,407	22,320	10,716	17,329	19,740	15,425	17,164	18,579	7,735	7,496	6,572	382	263	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-139,072	-258,483	-213,097	-160,248	-144,666	-58,481	-17,589	-39,495	0	-58,407	-24,396	-35,850	-13,250	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-385,759	-10,051	149,392	55,113	-67,891	227,382	105,143	-144,309	201,537	5,340	93,215	15,274	96,769	10,619
Creditors	-455,194	-20,607	43,741	199,953	-117,750	342,992	80,505	-182,179	286,008	116,214	122,895	55,325	200,900	2,354
Accruals and Deferred Income	242,195	90,426	-651,499	-964,024	-359,394	2,256,991	-49,002	101,645	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	919,571	-1,022,101	160,597	-120,143	216,596	2,631,748	16,195	236,141	8,013	337,420	118,302	153,810	141,618	-8,478
Investing Activities
capital expenditure	20,030	-25,500	-54,597	-16,847	-22,233	0	-25,760	-43,854	-2,008	-3,698	-24,756	-480	-1,050	0
Change in Investments	-2,245,568	-2,245,568	0	0	0	2,245,569	0	0	0	0	0	0	0	0
cash flow from investments	2,265,598	2,220,068	-54,597	-16,847	-22,233	-2,245,569	-25,760	-43,854	-2,008	-3,698	-24,756	-480	-1,050	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	284,302	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-35,500	400	400	34,700	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-14,100	14,100	0	0	-35,300	11,200	24,100
share issue	-723,693	101,517	0	0	0	0	0	0	0	0	0	1,000	9,000	1,000
interest	0	0	1,437	1,452	10,626	5,592	2,315	4,193	2,615	669	-376	146	486	42
cash flow from financing	-439,391	101,517	1,437	1,452	10,626	5,592	2,315	-9,907	-18,785	1,069	24	546	20,686	25,142
cash and cash equivalents
cash	2,744,812	1,597,599	107,437	-135,539	204,989	391,771	-7,250	182,380	-12,780	334,792	93,570	153,877	161,255	16,664
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	2,744,812	1,597,599	107,437	-135,539	204,989	391,771	-7,250	182,380	-12,780	334,792	93,570	153,877	161,255	16,664

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for first insurance solutions limited. Get real-time insights into first insurance solutions limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for first insurance solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3R area or any other competitors across 12 key performance metrics.

FIRST INSURANCE SOLUTIONS LIMITED group structure

First Insurance Solutions Limited has 2 subsidiary companies.

Ultimate parent company

BROWN & BROWN BROKING HOLDCO (EUROPE) LIMITED

09325602

BROWN & BROWN RETAIL HOLDCO (EUROPE) LIMITED

09452808

2 parents

FIRST INSURANCE SOLUTIONS LIMITED

07102852

2 subsidiaries

FIRST BROKER SOLUTIONS LIMITED

09829681

UK SPECIAL RISKS LIMITED

04010256

FIRST INSURANCE SOLUTIONS LIMITED Shareholders

brown & brown retail holdco (europe) limited

100%

First Insurance Solutions Limited currently has 4 directors. The longest serving directors include Mr Martin Bell (Dec 2009) and Mr Andrew Chibeba (Oct 2015).

officer	country	age	start	end	role
Mr Martin Bell		63 years	Dec 2009	-	Director
Mr Andrew Chibeba		43 years	Oct 2015	-	Director
Mr Matthew Sendall-King		46 years	Feb 2017	-	Director
Mr Stuart Grieb	England	50 years	Jul 2022	-	Director

P&L

December 2022

turnover

2.1m

operating profit

873.5k

gross margin

66.3%

-100%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

3.1m

total assets

4.6m

+0.02%

cash

4.2m

+1.84%

net assets

Total assets minus all liabilities

Similar Companies

purple goffs limited

2.5

ckre limited

health partners europe ltd.

bdb (uk) limited

lonham group limited

company number

07102852

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

December 2009

ultimate parent company

BROWN & BROWN BROKING HOLDCO (EUROPE) LIMITED

previous names

N/A

address

7th floor corn exchange, 55 mark lane, london, EC3R 7NE

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 first insurance solutions limited. Currently there are 0 open charges and 1 have been satisfied in the past.

first insurance solutions limited Company Information

first insurance solutions limited Estimated Valuation

first insurance solutions limited Estimated Valuation

first insurance solutions limited Estimated Valuation

First Insurance Solutions Limited Overview

First Insurance Solutions Limited Health Check

FIRST INSURANCE SOLUTIONS LIMITED financials

first insurance solutions limited Credit Report and Business Information

First Insurance Solutions Limited Competitor Analysis

first insurance solutions limited Ownership

first insurance solutions limited directors

first insurance solutions limited company details

first insurance solutions limited Charges & Mortgages

first insurance solutions limited Companies House Filings - See Documents