inspire insurance services ltd
inspire insurance services ltd Company Information
Company Number
07164836
Website
www.inspireinsurance.co.ukRegistered Address
sanderlings, becketts farm, alcester road, birmingham, B47 6AJ
Industry
Non-life insurance
Telephone
-
Next Accounts Due
951 days late
Group Structure
View All
Directors
Leigh MacKey14 Years
Shareholders
inspire investments holdings limited 100%
inspire insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of INSPIRE INSURANCE SERVICES LTD at £1.8m based on a Turnover of £3.1m and 0.58x industry multiple (adjusted for size and gross margin).
inspire insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of INSPIRE INSURANCE SERVICES LTD at £1.8m based on an EBITDA of £204.5k and a 8.57x industry multiple (adjusted for size and gross margin).
inspire insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of INSPIRE INSURANCE SERVICES LTD at £407.7k based on Net Assets of £286.7k and 1.42x industry multiple (adjusted for liquidity).
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Inspire Insurance Services Ltd Overview
Inspire Insurance Services Ltd is a live company located in birmingham, B47 6AJ with a Companies House number of 07164836. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 2010, it's largest shareholder is inspire investments holdings limited with a 100% stake. Inspire Insurance Services Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.1m with healthy growth in recent years.
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Inspire Insurance Services Ltd Health Check
Pomanda's financial health check has awarded Inspire Insurance Services Ltd 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
3 Regular
4 Weak
Size
annual sales of £3.1m, make it larger than the average company (£1.7m)
- Inspire Insurance Services Ltd
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.1%)
- Inspire Insurance Services Ltd
5.1% - Industry AVG
Production
with a gross margin of 95.6%, this company has a comparable cost of product (95.6%)
- Inspire Insurance Services Ltd
95.6% - Industry AVG
Profitability
an operating margin of 6.5% make it less profitable than the average company (13.3%)
- Inspire Insurance Services Ltd
13.3% - Industry AVG
Employees
with 26 employees, this is similar to the industry average (29)
26 - Inspire Insurance Services Ltd
29 - Industry AVG
Pay Structure
on an average salary of £51k, the company has an equivalent pay structure (£51k)
- Inspire Insurance Services Ltd
£51k - Industry AVG
Efficiency
resulting in sales per employee of £119.4k, this is less efficient (£142.6k)
- Inspire Insurance Services Ltd
£142.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Inspire Insurance Services Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is quicker than average (125 days)
- Inspire Insurance Services Ltd
125 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Inspire Insurance Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (18 weeks)
7 weeks - Inspire Insurance Services Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52%, this is a lower level of debt than the average (84.1%)
52% - Inspire Insurance Services Ltd
84.1% - Industry AVG
INSPIRE INSURANCE SERVICES LTD financials
Inspire Insurance Services Ltd's latest turnover from February 2020 is estimated at £3.1 million and the company has net assets of £286.7 thousand. According to their latest financial statements, Inspire Insurance Services Ltd has 26 employees and maintains cash reserves of £42.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 26 | 17 | 23 | 23 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,299 | 4,897 | 7,014 | 9,662 | 12,564 | 17,789 | 21,149 | 8,838 | 6,770 | 4,774 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,299 | 4,897 | 7,014 | 9,662 | 12,564 | 17,789 | 21,149 | 8,838 | 6,770 | 4,774 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 50,523 | 43,746 | 61,329 | 34,955 | 17,088 |
| Group Debtors | 192,548 | 94,806 | 206,401 | 129,616 | 25,227 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 354,019 | 124,459 | 130,822 | 61,786 | 88,497 | 0 | 0 | 0 | 0 | 0 |
| Cash | 42,057 | 17,983 | 3,963 | 34,226 | 10,266 | 5,975 | 3,977 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 588,624 | 237,248 | 341,186 | 225,628 | 123,990 | 56,498 | 47,723 | 61,329 | 34,955 | 17,088 |
| total assets | 596,923 | 242,145 | 348,200 | 235,290 | 136,554 | 74,287 | 68,872 | 70,167 | 41,725 | 21,862 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 31,723 | 61,774 | 10,667 | 50,229 | 28,632 | 48,735 | 37,644 | 41,746 | 40,795 | 21,839 |
| Group/Directors Accounts | 40,950 | 50,028 | 15,720 | 1,899 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 236,113 | 5,929 | 124,545 | 89,240 | 95,843 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 308,786 | 117,731 | 150,932 | 141,368 | 124,475 | 48,735 | 37,644 | 41,746 | 40,795 | 21,839 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,438 | 761 | 1,125 | 1,666 | 2,188 | 3,162 | 3,747 | 0 | 0 | 0 |
| total long term liabilities | 1,438 | 761 | 1,125 | 1,666 | 2,188 | 3,162 | 3,747 | 0 | 0 | 0 |
| total liabilities | 310,224 | 118,492 | 152,057 | 143,034 | 126,663 | 51,897 | 41,391 | 41,746 | 40,795 | 21,839 |
| net assets | 286,699 | 123,653 | 196,143 | 92,256 | 9,891 | 22,390 | 27,481 | 28,421 | 930 | 23 |
| total shareholders funds | 286,699 | 123,653 | 196,143 | 92,256 | 9,891 | 22,390 | 27,481 | 28,421 | 930 | 23 |
| Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 3,432 | 2,117 | 2,648 | 4,990 | 5,225 | 5,955 | 6,539 | 1,888 | 2,791 | 842 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 327,302 | -117,958 | 145,821 | 77,678 | 63,201 | 6,777 | -17,583 | 26,374 | 17,867 | 17,088 |
| Creditors | -30,051 | 51,107 | -39,562 | 21,597 | -20,103 | 11,091 | -4,102 | 951 | 18,956 | 21,839 |
| Accruals and Deferred Income | 230,184 | -118,616 | 35,305 | -6,603 | 95,843 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 677 | -364 | -541 | -522 | -974 | -585 | 3,747 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -9,078 | 34,308 | 13,821 | 1,899 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 24,074 | 14,020 | -30,263 | 23,960 | 4,291 | 1,998 | 3,977 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 24,074 | 14,020 | -30,263 | 23,960 | 4,291 | 1,998 | 3,977 | 0 | 0 | 0 |
inspire insurance services ltd Credit Report and Business Information
Inspire Insurance Services Ltd Competitor Analysis
Perform a competitor analysis for inspire insurance services ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
inspire insurance services ltd Ownership
INSPIRE INSURANCE SERVICES LTD group structure
Inspire Insurance Services Ltd has no subsidiary companies.
Ultimate parent company
1 parent
INSPIRE INSURANCE SERVICES LTD
07164836
inspire insurance services ltd directors
Inspire Insurance Services Ltd currently has 1 director, Mr Leigh MacKey serving since Feb 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Leigh MacKey | 42 years | Feb 2010 | - | Director |
P&L
February 2020turnover
3.1m
+45%
operating profit
201.1k
0%
gross margin
95.7%
-0.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2020net assets
286.7k
+1.32%
total assets
596.9k
+1.47%
cash
42.1k
+1.34%
net assets
Total assets minus all liabilities
inspire insurance services ltd company details
company number
07164836
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
February 2010
age
14
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
sanderlings, becketts farm, alcester road, birmingham, B47 6AJ
last accounts submitted
February 2020
inspire insurance services ltd 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 3 charges/mortgages relating to inspire insurance services ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
inspire insurance services ltd Companies House Filings - See Documents
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