the underwriting exchange limited
the underwriting exchange limited Company Information
Company Number
07126381
Next Accounts
Sep 2025
Shareholders
specialist risk group limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
6th floor, one america square, 17 crosswall, london, EC3N 2LB
the underwriting exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE UNDERWRITING EXCHANGE LIMITED at £2.4m based on a Turnover of £3.9m and 0.63x industry multiple (adjusted for size and gross margin).
the underwriting exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE UNDERWRITING EXCHANGE LIMITED at £0 based on an EBITDA of £-1.1m and a 6.91x industry multiple (adjusted for size and gross margin).
the underwriting exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE UNDERWRITING EXCHANGE LIMITED at £14.9m based on Net Assets of £9.1m and 1.64x industry multiple (adjusted for liquidity).
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The Underwriting Exchange Limited Overview
The Underwriting Exchange Limited is a live company located in london, EC3N 2LB with a Companies House number of 07126381. It operates in the non-life insurance sector, SIC Code 65120. Founded in January 2010, it's largest shareholder is specialist risk group limited with a 100% stake. The Underwriting Exchange Limited is a established, small sized company, Pomanda has estimated its turnover at £3.9m with declining growth in recent years.
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The Underwriting Exchange Limited Health Check
Pomanda's financial health check has awarded The Underwriting Exchange Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £3.9m, make it larger than the average company (£2.1m)
£3.9m - The Underwriting Exchange Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (8.6%)
-24% - The Underwriting Exchange Limited
8.6% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - The Underwriting Exchange Limited
100% - Industry AVG
Profitability
an operating margin of -37.1% make it less profitable than the average company (17.5%)
-37.1% - The Underwriting Exchange Limited
17.5% - Industry AVG
Employees
with 24 employees, this is similar to the industry average (26)
- The Underwriting Exchange Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- The Underwriting Exchange Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £162k, this is equally as efficient (£163.8k)
- The Underwriting Exchange Limited
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 464 days, this is later than average (216 days)
464 days - The Underwriting Exchange Limited
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Underwriting Exchange Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Underwriting Exchange Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (18 weeks)
11 weeks - The Underwriting Exchange Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.8%, this is a lower level of debt than the average (81.4%)
68.8% - The Underwriting Exchange Limited
81.4% - Industry AVG
THE UNDERWRITING EXCHANGE LIMITED financials
The Underwriting Exchange Limited's latest turnover from December 2023 is £3.9 million and the company has net assets of £9.1 million. According to their latest financial statements, we estimate that The Underwriting Exchange Limited has 24 employees and maintains cash reserves of £4.2 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 | Jan 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,889,000 | 3,765,000 | 2,815,000 | 8,926,652 | 10,377,549 | 10,311,234 | 9,657,631 | 8,344,336 | ||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -1,444,000 | -71,000 | -1,089,000 | 1,309,758 | 1,559,638 | 4,130,511 | 3,320,025 | 2,061,824 | ||||||
| Interest Payable | 170,000 | 5,000 | 1,996 | 14,288 | 4,418 | |||||||||
| Interest Receivable | 2,233 | 31,662 | 16,844 | 1,993 | ||||||||||
| Pre-Tax Profit | -1,485,000 | -273,000 | -770,000 | 1,309,758 | 1,561,871 | 4,160,177 | 3,322,576 | 2,059,399 | ||||||
| Tax | 2,000 | 8,000 | -451,883 | -378,680 | -899,585 | -738,773 | -513,276 | |||||||
| Profit After Tax | -1,483,000 | -273,000 | -762,000 | 857,875 | 1,183,191 | 3,260,592 | 2,583,803 | 1,546,123 | ||||||
| Dividends Paid | 1,788,174 | 450,000 | ||||||||||||
| Retained Profit | -1,483,000 | -273,000 | -762,000 | 857,875 | 1,183,191 | 3,260,592 | 795,629 | 1,096,123 | ||||||
| Employee Costs | 3,416,424 | 4,097,310 | 3,793,196 | 3,753,290 | ||||||||||
| Number Of Employees | 42 | 59 | 62 | 60 | 53 | 49 | ||||||||
| EBITDA* | -1,082,000 | 12,000 | -1,000,000 | 1,746,246 | 2,010,044 | 4,495,707 | 3,703,945 | 2,496,279 |
* 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 | Jan 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 38,000 | 112,000 | 196,000 | 243,802 | 205,638 | 173,067 | 177,820 | 210,028 | 247,635 | 143,459 | 135,638 | 6,819 | ||
| Intangible Assets | 435,000 | 222,000 | 15,289 | 1,010,142 | 1,363,092 | 1,777,949 | 2,136,192 | 2,460,495 | 2,693,702 | 3,030,414 | ||||
| Investments & Other | 6,358,000 | 6,358,000 | 6,358,000 | 6,357,752 | 632,873 | 632,873 | 4,000,000 | |||||||
| Debtors (Due After 1 year) | 366,026 | |||||||||||||
| Total Fixed Assets | 6,831,000 | 6,692,000 | 6,554,000 | 6,616,843 | 1,215,780 | 1,536,159 | 2,321,795 | 2,346,220 | 2,708,130 | 3,470,034 | 3,798,925 | 4,006,819 | ||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 4,949,000 | 3,423,000 | 3,058,000 | 4,536,260 | 23 | 2,610,836 | 2,233,084 | 2,245,815 | 1,966,258 | 10,225,940 | 6,654,649 | 5,451,877 | 5,000 | |
| Group Debtors | 12,956,000 | 10,807,000 | 9,488,000 | 9,814,291 | 8,579,847 | |||||||||
| Misc Debtors | 250,000 | 492,000 | 1,983,000 | 1,069,246 | 14,684,035 | 1,282,782 | 1,095,187 | 749,687 | 349,397 | |||||
| Cash | 4,219,000 | 6,560,000 | 6,875,000 | 13,140,660 | 12,041,750 | 20,061,229 | 14,160,968 | 10,886,912 | 8,069,179 | 5,687,389 | 6,202,753 | 4,509,338 | ||
| misc current assets | ||||||||||||||
| total current assets | 22,374,000 | 21,282,000 | 21,404,000 | 28,560,457 | 35,305,655 | 23,954,847 | 17,489,239 | 13,882,414 | 10,384,834 | 15,913,329 | 12,857,402 | 9,961,215 | 5,000 | |
| total assets | 29,205,000 | 27,974,000 | 27,958,000 | 35,177,300 | 36,521,435 | 25,491,006 | 19,811,034 | 16,228,634 | 13,092,964 | 19,383,363 | 16,656,327 | 13,968,034 | 5,000 | |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 8,222,000 | 8,458,000 | 9,450,000 | 15,705,783 | 27,709 | 26,459 | 26,528 | 156,883 | 14,839,883 | 11,655,883 | 9,669,124 | |||
| Group/Directors Accounts | 10,528,000 | 7,819,000 | 6,850,000 | 6,901,081 | 2,388,144 | |||||||||
| other short term finances | 84,000 | 213,000 | 11,000 | 335,360 | 57,946 | |||||||||
| hp & lease commitments | 3,777 | 3,777 | ||||||||||||
| other current liabilities | 1,042,000 | 882,000 | 772,000 | 570,831 | 23,275,324 | 15,470,999 | 12,799,963 | 10,470,367 | 8,285,960 | |||||
| total current liabilities | 19,876,000 | 17,372,000 | 17,083,000 | 23,513,055 | 25,721,414 | 15,498,708 | 12,826,422 | 10,500,672 | 8,446,620 | 14,839,883 | 11,655,883 | 9,669,124 | ||
| loans | 210,000 | 365,240 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 64,197 | 130,297 | 215,956 | 20,000 | ||||||||||
| provisions | 27,140 | 20,791 | 396,259 | 283,927 | 188,146 | 138,455 | 30,485 | 27,265 | 1,364 | |||||
| total long term liabilities | 210,000 | 27,140 | 20,791 | 396,259 | 649,167 | 188,146 | 202,652 | 160,782 | 243,221 | 21,364 | ||||
| total liabilities | 20,086,000 | 17,372,000 | 17,083,000 | 23,540,195 | 25,742,205 | 15,894,967 | 13,475,589 | 10,688,818 | 8,649,272 | 15,000,665 | 11,899,104 | 9,690,488 | ||
| net assets | 9,119,000 | 10,602,000 | 10,875,000 | 11,637,105 | 10,779,230 | 9,596,039 | 6,335,445 | 5,539,816 | 4,443,692 | 4,382,698 | 4,757,223 | 4,277,546 | 5,000 | |
| total shareholders funds | 9,119,000 | 10,602,000 | 10,875,000 | 11,637,105 | 10,779,230 | 9,596,039 | 6,335,445 | 5,539,816 | 4,443,692 | 4,382,698 | 4,757,223 | 4,277,546 | 5,000 |
| 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 | Jan 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,444,000 | -71,000 | -1,089,000 | 1,309,758 | 1,559,638 | 4,130,511 | 3,320,025 | 2,061,824 | ||||||
| Depreciation | 73,000 | 83,000 | 74,000 | 85,618 | 29,542 | 28,484 | 47,208 | 65,079 | 55,542 | 21,433 | 13,295 | 806 | ||
| Amortisation | 289,000 | 15,000 | 350,870 | 420,864 | 336,712 | 336,712 | 369,376 | 336,712 | 336,712 | 336,713 | ||||
| Tax | 2,000 | 8,000 | -451,883 | -378,680 | -899,585 | -738,773 | -513,276 | |||||||
| Stock | ||||||||||||||
| Debtors | 3,433,000 | 193,000 | -890,797 | -7,844,108 | 19,370,287 | 199,321 | 698,795 | 679,847 | -7,910,285 | 3,571,291 | 1,202,772 | 5,446,877 | 5,000 | |
| Creditors | -236,000 | -992,000 | -6,255,783 | 15,705,783 | -27,709 | 1,250 | -69 | -130,355 | -14,683,000 | 3,184,000 | 1,986,759 | 9,669,124 | ||
| Accruals and Deferred Income | 160,000 | 110,000 | 201,169 | -22,704,493 | 7,804,325 | 2,671,036 | 2,329,596 | 2,184,407 | 8,285,960 | |||||
| Deferred Taxes & Provisions | -27,140 | 6,349 | -375,468 | 112,332 | 95,781 | 49,691 | 107,970 | 3,220 | 25,901 | 1,364 | ||||
| Cash flow from operations | -4,589,000 | -1,063,000 | -6,182,957 | 2,146,110 | -10,337,775 | 6,181,419 | 4,691,685 | 3,406,899 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -35,506 | -79,918 | -72,546 | |||||||||||
| Change in Investments | 248 | 6,357,752 | -632,873 | -3,367,127 | 4,000,000 | |||||||||
| cash flow from investments | -35,506 | -79,918 | -72,546 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 2,709,000 | 969,000 | -51,081 | 4,512,937 | 2,388,144 | |||||||||
| Other Short Term Loans | -129,000 | 202,000 | -324,360 | 277,414 | 57,946 | |||||||||
| Long term loans | 210,000 | -365,240 | 365,240 | |||||||||||
| Hire Purchase and Lease Commitments | -3,777 | 3,777 | ||||||||||||
| other long term liabilities | -64,197 | -66,100 | -85,659 | 195,956 | 20,000 | |||||||||
| share issue | ||||||||||||||
| interest | -170,000 | -5,000 | 2,233 | 29,666 | 2,556 | -2,425 | ||||||||
| cash flow from financing | 2,620,000 | 1,171,000 | -380,546 | 4,790,351 | 2,448,323 | -335,572 | 364,019 | -66,621 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,341,000 | -315,000 | -6,265,660 | 1,098,910 | -8,019,479 | 5,900,261 | 3,274,056 | 2,817,733 | 2,381,790 | -515,364 | 1,693,415 | 4,509,338 | ||
| overdraft | ||||||||||||||
| change in cash | -2,341,000 | -315,000 | -6,265,660 | 1,098,910 | -8,019,479 | 5,900,261 | 3,274,056 | 2,817,733 | 2,381,790 | -515,364 | 1,693,415 | 4,509,338 |
the underwriting exchange limited Credit Report and Business Information
The Underwriting Exchange Limited Competitor Analysis
Perform a competitor analysis for the underwriting exchange limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3N area or any other competitors across 12 key performance metrics.
the underwriting exchange limited Ownership
THE UNDERWRITING EXCHANGE LIMITED group structure
The Underwriting Exchange Limited has no subsidiary companies.
Ultimate parent company
SATURN JERSEY TOPCO LTD
#0142414
2 parents
THE UNDERWRITING EXCHANGE LIMITED
07126381
the underwriting exchange limited directors
The Underwriting Exchange Limited currently has 3 directors. The longest serving directors include Mr Lee Anderson (Sep 2020) and Mr Warren Downey (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Anderson | United Kingdom | 53 years | Sep 2020 | - | Director |
| Mr Warren Downey | United Kingdom | 53 years | Sep 2020 | - | Director |
| Mr Joseph Hanly | United Kingdom | 53 years | May 2022 | - | Director |
P&L
December 2023turnover
3.9m
+3%
operating profit
-1.4m
+1934%
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
9.1m
-0.14%
total assets
29.2m
+0.04%
cash
4.2m
-0.36%
net assets
Total assets minus all liabilities
the underwriting exchange limited company details
company number
07126381
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
January 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
selwyn insurance brokers ltd (December 2011)
accountant
-
auditor
GRANT THORNTON UK LLP
address
6th floor, one america square, 17 crosswall, london, EC3N 2LB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the underwriting exchange 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 7 charges/mortgages relating to the underwriting exchange limited. Currently there are 0 open charges and 7 have been satisfied in the past.
the underwriting exchange 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 THE UNDERWRITING EXCHANGE LIMITED. This can take several minutes, an email will notify you when this has completed.
the underwriting exchange limited Companies House Filings - See Documents
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