howden reinsurance brokers limited
howden reinsurance brokers limited Company Information
Company Number
07142031
Next Accounts
Jun 2025
Shareholders
howden reinsurance brokers holdings limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
one creechurch place, london, EC3A 5AF
Website
www.rkhspecialty.comhowden reinsurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of HOWDEN REINSURANCE BROKERS LIMITED at £84.6m based on a Turnover of £65.8m and 1.29x industry multiple (adjusted for size and gross margin).
howden reinsurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of HOWDEN REINSURANCE BROKERS LIMITED at £0 based on an EBITDA of £-4.1m and a 14.18x industry multiple (adjusted for size and gross margin).
howden reinsurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of HOWDEN REINSURANCE BROKERS LIMITED at £32.5m based on Net Assets of £19.9m and 1.64x industry multiple (adjusted for liquidity).
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Howden Reinsurance Brokers Limited Overview
Howden Reinsurance Brokers Limited is a live company located in london, EC3A 5AF with a Companies House number of 07142031. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 2010, it's largest shareholder is howden reinsurance brokers holdings limited with a 100% stake. Howden Reinsurance Brokers Limited is a established, large sized company, Pomanda has estimated its turnover at £65.8m with declining growth in recent years.
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Howden Reinsurance Brokers Limited Health Check
Pomanda's financial health check has awarded Howden Reinsurance Brokers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £65.8m, make it larger than the average company (£2m)
£65.8m - Howden Reinsurance Brokers Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (7%)
-35% - Howden Reinsurance Brokers Limited
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Howden Reinsurance Brokers Limited
100% - Industry AVG
Profitability
an operating margin of -6.2% make it less profitable than the average company (17.9%)
-6.2% - Howden Reinsurance Brokers Limited
17.9% - Industry AVG
Employees
with 181 employees, this is above the industry average (25)
181 - Howden Reinsurance Brokers Limited
25 - Industry AVG
Pay Structure
on an average salary of £216.8k, the company has a higher pay structure (£62.1k)
£216.8k - Howden Reinsurance Brokers Limited
£62.1k - Industry AVG
Efficiency
resulting in sales per employee of £363.3k, this is more efficient (£150.8k)
£363.3k - Howden Reinsurance Brokers Limited
£150.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Howden Reinsurance Brokers Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Howden Reinsurance Brokers Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Howden Reinsurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (21 weeks)
26 weeks - Howden Reinsurance Brokers Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.3%, this is a similar level of debt than the average (81.6%)
82.3% - Howden Reinsurance Brokers Limited
81.6% - Industry AVG
HOWDEN REINSURANCE BROKERS LIMITED financials
Howden Reinsurance Brokers Limited's latest turnover from September 2023 is £65.8 million and the company has net assets of £19.9 million. According to their latest financial statements, Howden Reinsurance Brokers Limited has 181 employees and maintains cash reserves of £47.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 65,753,000 | 43,189,000 | 450,000 | 237,316,000 | 227,622,000 | 197,208,000 | 1,793,461 | 1,652,608 | ||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -4,050,000 | -8,309,000 | 1,657,000 | 78,020,000 | 95,978,000 | 78,221,000 | -31,000 | 51,738 | 228,091 | 479,111 | ||||
| Interest Payable | 190,000 | 1,106,000 | 1,039,000 | 551,000 | ||||||||||
| Interest Receivable | 187,000 | 64,000 | 41,000 | 32,000 | 1,249 | 1,642 | ||||||||
| Pre-Tax Profit | -3,863,000 | -8,309,000 | 1,467,000 | 76,978,000 | 94,980,000 | 77,702,000 | -31,000 | 3,954,738 | 229,340 | 480,753 | ||||
| Tax | -794,000 | 1,440,000 | -480,000 | -15,070,000 | -18,714,000 | -15,549,000 | 7,000 | -10,003 | -48,450 | -102,533 | ||||
| Profit After Tax | -4,657,000 | -6,869,000 | 987,000 | 61,908,000 | 76,266,000 | 62,153,000 | -24,000 | 3,944,735 | 180,890 | 378,220 | ||||
| Dividends Paid | 17,000,000 | 130,000,000 | 70,000,000 | 50,000,000 | 3,903,000 | 277,000 | ||||||||
| Retained Profit | -4,657,000 | -23,869,000 | -129,013,000 | -8,092,000 | 26,266,000 | 62,153,000 | -24,000 | 41,735 | 180,890 | 101,220 | ||||
| Employee Costs | 39,238,000 | 30,624,000 | 30,000 | 101,576,000 | 91,966,000 | 84,900,000 | 41,000 | 88,225 | 649,725 | |||||
| Number Of Employees | 181 | 112 | 759 | 717 | 691 | 7 | 3 | |||||||
| EBITDA* | -4,050,000 | -8,309,000 | 1,657,000 | 78,072,000 | 96,024,000 | 78,278,000 | -31,000 | 51,738 | 251,541 | 501,484 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 71,000 | 123,000 | 2,000 | 48,882 | 68,757 | 81,524 | 99,346 | 111,777 | ||||||
| Intangible Assets | 1,426,000 | 2,636,000 | 506,000 | |||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 682,387 | 773,190 | 888,163 | |||||||||||
| Total Fixed Assets | 1,426,000 | 2,707,000 | 123,000 | 508,000 | 48,882 | 68,757 | 763,911 | 872,536 | 999,940 | |||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 91,000 | 58,000 | 391,000 | 472,706 | 998,477 | 1,073,123 | 955,502 | 193,717 | ||||||
| Group Debtors | 22,982,000 | 7,154,000 | 34,461,000 | 136,992,000 | 138,046,000 | 193,764,000 | 51,286,000 | 5,345,268 | 955,676 | 816,305 | ||||
| Misc Debtors | 39,796,000 | 29,637,000 | 6,000 | 84,795,000 | 78,335,000 | 65,285,000 | 7,000 | 33,643 | 60,301 | 24,745 | ||||
| Cash | 47,753,000 | 23,854,000 | 205,000 | 371,837,000 | 125,250,000 | 141,988,000 | 855,748 | 437,248 | 401,022 | 245,257 | 245,854 | |||
| misc current assets | 389,000 | 152,474,000 | ||||||||||||
| total current assets | 110,531,000 | 60,645,000 | 34,672,000 | 594,104,000 | 522,158,000 | 553,902,000 | 51,293,000 | 5,378,911 | 2,344,431 | 2,276,775 | 1,474,145 | 1,200,759 | 439,571 | |
| total assets | 111,957,000 | 60,645,000 | 34,672,000 | 596,811,000 | 522,281,000 | 554,410,000 | 51,293,000 | 5,378,911 | 2,393,313 | 2,345,532 | 2,238,056 | 2,073,295 | 1,439,511 | |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 542,920 | 1,079,264 | 1,242,239 | 1,076,893 | 429,881 | |||||||||
| Group/Directors Accounts | 34,507,000 | 671,000 | 3,785,000 | 46,018,000 | 4,036,000 | 104,943,000 | 1,000 | 4,052,707 | 397,897 | |||||
| other short term finances | 18,635,000 | 292,416,000 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 57,594,000 | 36,316,000 | 369,000 | 415,998,000 | 357,078,000 | 42,718,000 | 6,000 | 16,464 | 180,198 | 171,623 | ||||
| total current liabilities | 92,101,000 | 36,987,000 | 4,154,000 | 462,016,000 | 379,749,000 | 440,077,000 | 7,000 | 4,069,171 | 1,121,015 | 1,250,887 | 1,242,239 | 1,076,893 | 429,881 | |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 4,293 | 7,530 | 9,922 | 11,096 | 12,483 | |||||||||
| total long term liabilities | 4,293 | 7,530 | 9,922 | 11,096 | 12,483 | |||||||||
| total liabilities | 92,101,000 | 36,987,000 | 4,154,000 | 462,016,000 | 379,749,000 | 440,077,000 | 7,000 | 4,069,171 | 1,125,308 | 1,258,417 | 1,252,161 | 1,087,989 | 442,364 | |
| net assets | 19,856,000 | 23,658,000 | 30,518,000 | 134,795,000 | 142,532,000 | 114,333,000 | 51,286,000 | 1,309,740 | 1,268,005 | 1,087,115 | 985,895 | 985,306 | 997,147 | |
| total shareholders funds | 19,856,000 | 23,658,000 | 30,518,000 | 134,795,000 | 142,532,000 | 114,333,000 | 51,286,000 | 1,309,740 | 1,268,005 | 1,087,115 | 985,895 | 985,306 | 997,147 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -4,050,000 | -8,309,000 | 1,657,000 | 78,020,000 | 95,978,000 | 78,221,000 | -31,000 | 51,738 | 228,091 | 479,111 | ||||
| Depreciation | 52,000 | 46,000 | 23,450 | 22,373 | 20,827 | 19,811 | 18,174 | |||||||
| Amortisation | 57,000 | |||||||||||||
| Tax | -794,000 | 1,440,000 | -480,000 | -15,070,000 | -18,714,000 | -15,549,000 | 7,000 | -10,003 | -48,450 | -102,533 | ||||
| Stock | ||||||||||||||
| Debtors | 25,987,000 | 2,324,000 | -187,411,000 | 5,439,000 | -43,001,000 | 208,147,000 | 45,914,089 | 3,890,228 | -350,844 | 84,017 | 26,818 | 646,812 | 1,081,880 | |
| Creditors | -542,920 | -536,344 | -162,975 | 165,346 | 647,012 | 429,881 | ||||||||
| Accruals and Deferred Income | 21,278,000 | 35,947,000 | -415,629,000 | 58,920,000 | 314,360,000 | 42,712,000 | -10,464 | -163,734 | 8,575 | 171,623 | ||||
| Deferred Taxes & Provisions | -4,293 | -3,237 | -2,392 | -1,174 | -1,387 | 12,483 | ||||||||
| Cash flow from operations | -9,553,000 | 26,754,000 | -227,041,000 | 116,483,000 | 434,671,000 | -4,559,440 | 22,929 | 321,190 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 33,836,000 | -3,114,000 | -42,233,000 | 41,982,000 | -100,907,000 | 104,942,000 | -4,051,707 | 3,654,810 | 397,897 | |||||
| Other Short Term Loans | -18,635,000 | -273,781,000 | 292,416,000 | |||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 187,000 | -190,000 | -1,042,000 | -998,000 | -519,000 | 1,249 | 1,642 | |||||||
| cash flow from financing | 34,878,000 | 13,895,000 | -17,687,000 | 22,660,000 | -373,753,000 | 397,733,000 | 45,948,553 | 3,654,810 | 399,146 | 1,642 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 23,899,000 | 23,649,000 | -371,632,000 | 246,587,000 | -16,738,000 | 141,988,000 | -855,748 | 418,500 | 36,226 | 155,765 | -597 | 245,854 | ||
| overdraft | ||||||||||||||
| change in cash | 23,899,000 | 23,649,000 | -371,632,000 | 246,587,000 | -16,738,000 | 141,988,000 | -855,748 | 418,500 | 36,226 | 155,765 | -597 | 245,854 |
howden reinsurance brokers limited Credit Report and Business Information
Howden Reinsurance Brokers Limited Competitor Analysis
Perform a competitor analysis for howden reinsurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3A area or any other competitors across 12 key performance metrics.
howden reinsurance brokers limited Ownership
HOWDEN REINSURANCE BROKERS LIMITED group structure
Howden Reinsurance Brokers Limited has no subsidiary companies.
Ultimate parent company
2 parents
HOWDEN REINSURANCE BROKERS LIMITED
07142031
howden reinsurance brokers limited directors
Howden Reinsurance Brokers Limited currently has 8 directors. The longest serving directors include Mr Elliot Richardson (Oct 2021) and Mr Elliot Richardson (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Elliot Richardson | United Kingdom | 53 years | Oct 2021 | - | Director |
| Mr Elliot Richardson | United Kingdom | 53 years | Oct 2021 | - | Director |
| Ms Sarah Davies | United Kingdom | 61 years | Nov 2021 | - | Director |
| Ms Denise Garland | 51 years | May 2022 | - | Director | |
| Ms Denise Garland | 51 years | May 2022 | - | Director | |
| Mr Ahmed Farooq | United Kingdom | 49 years | Jun 2022 | - | Director |
| Mr Bradley Maltese | United Kingdom | 60 years | Jun 2022 | - | Director |
| Ms Melissa Johnson | United Kingdom | 50 years | Mar 2024 | - | Director |
P&L
September 2023turnover
65.8m
+52%
operating profit
-4.1m
-51%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
19.9m
-0.16%
total assets
112m
+0.85%
cash
47.8m
+1%
net assets
Total assets minus all liabilities
howden reinsurance brokers limited company details
company number
07142031
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
February 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
rkh specialty limited (July 2021)
powell bateson limited (March 2017)
accountant
-
auditor
ERNST & YOUNG LLP
address
one creechurch place, london, EC3A 5AF
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
howden reinsurance 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 found 5 charges/mortgages relating to howden reinsurance brokers limited. Currently there are 2 open charges and 3 have been satisfied in the past.
howden reinsurance 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 HOWDEN REINSURANCE BROKERS LIMITED. This can take several minutes, an email will notify you when this has completed.
howden reinsurance brokers limited Companies House Filings - See Documents
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