Biss Underwriting Limited

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biss underwriting limited Company Information

Company Number

07335815

Next Accounts

Sep 2025

Directors

Philip Morris

Jordan Morris

Shareholders

philip morris

Group Structure

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Industry

Non-life insurance

Registered Address

80 darras road, ponteland, newcastle upon tyne, NE20 9PG

Website

biss underwriting limited Estimated Valuation

£10.3m

Pomanda estimates the enterprise value of BISS UNDERWRITING LIMITED at £10.3m based on an EBITDA of £1.4m and a 7.51x industry multiple (adjusted for size and gross margin).

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Biss Underwriting Limited is a live company located in newcastle upon tyne, NE20 9PG with a Companies House number of 07335815. It operates in the non-life insurance sector, SIC Code 65120. Founded in August 2010, it's largest shareholder is philip morris with a 100% stake. Biss Underwriting Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Biss Underwriting Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

6 Regular

1 Weak

Size

annual sales of £3.3m, make it larger than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8.6%)

EXPORT

Biss Underwriting Limited's latest turnover from December 2023 is £3.3 million and the company has net assets of £2.7 million. According to their latest financial statements, we estimate that Biss Underwriting Limited has 21 employees and maintains cash reserves of £497.1 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	Aug 2011
Turnover	3,273,695	3,905,883	3,436,814	3,285,233	3,239,159	3,388,087	3,926,250	3,777,040	2,933,208	2,315,208	1,725,435	1,117,852	90,297
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	405	0	0	0	36,490	116,897	283,919	403,711	428,402	278,000	29,131
Gross Profit	3,273,695	3,905,883	3,436,409	3,285,233	3,239,159	3,388,087	3,889,760	3,660,143	2,649,289	1,911,497	1,297,033	839,852	61,166
Admin Expenses	1,907,508	3,332,560	2,220,616	3,388,620	3,018,012	3,412,096	4,275,853	3,521,598	2,532,442	1,739,717	1,119,143	857,452	129,295
Operating Profit	1,366,187	573,323	1,215,793	-103,387	221,147	-24,009	-386,093	138,545	116,847	171,780	177,890	-17,600	-68,129
Interest Payable	0	0	0	0	0	0	0	306	445	183	57	0	0
Interest Receivable	23,599	15,203	862	246	2,619	3,104	1,854	739	1,358	1,412	932	540	283
Pre-Tax Profit	1,258,107	579,840	1,196,807	-143,609	210,487	-48,292	-455,003	134,762	136,912	185,636	185,035	3,818	-67,205
Tax	-215,767	-103,134	-211,317	40,468	-29,237	27,387	70,764	-23,579	-42,704	-48,959	-47,386	-20,878	-641
Profit After Tax	1,042,340	476,706	985,490	-103,141	181,250	-20,905	-384,239	111,183	94,208	136,677	137,649	-17,060	-67,846
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,042,340	476,706	985,490	-103,141	181,250	-20,905	-384,239	111,183	94,208	136,677	137,649	-17,060	-67,846
Employee Costs	0	0	1,382,276	0	0	0	0	0	0	0	665,200	448,116	0
Number Of Employees	21	26	23	22	21	22	28	28	21	16	13	9	1
EBITDA*	1,366,187	573,323	1,215,793	-103,387	221,147	-24,009	-386,093	138,545	116,847	171,780	177,890	-17,600	-68,129

* 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	Aug 2011
Tangible Assets	9,045,887	9,710,966	8,954,951	7,488,232	7,296,732	7,532,178	7,468,928	7,409,401	6,073,755	4,414,566	3,937,157	1,651,655	1,628,154
Intangible Assets	0	0	0	2,596	1,046	83,453	182,355	290,324	403,445	202,026	528,768	300,913	364,852
Investments & Other	0	0	0	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	0	0	0
Total Fixed Assets	9,045,887	9,710,966	8,954,951	7,490,828	7,297,778	7,615,631	7,651,283	7,699,725	6,477,200	4,616,592	4,465,925	1,952,568	1,993,006
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,167,678	2,500,778	2,209,742	2,023,877	1,930,897	2,380,325	2,438,909	2,800,884	2,399,357	1,709,675	1,456,909	541,336	421,819
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	497,064	401,962	466,782	222,485	268,571	429,730	398,110	343,440	247,841	295,168	269,802	102,814	113,354
misc current assets	40,588	32,346	22,664	22,949	23,598	30,875	24,328	26,368	21,884	17,032	13,807	4,107	8,660
total current assets	4,716,166	4,424,180	3,325,930	3,533,652	3,574,746	4,415,233	4,162,541	4,092,776	3,372,463	2,642,718	2,483,961	1,058,574	877,232
total assets	13,762,053	14,135,146	12,280,881	11,024,480	10,872,524	12,030,864	11,813,824	11,792,501	9,849,663	7,259,310	6,949,886	3,011,142	2,870,238
Bank overdraft	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
Trade Creditors	992,239	1,150,170	1,005,686	1,035,562	971,675	1,070,288	1,003,634	941,819	794,417	561,272	421,099	189,716	171,073
Group/Directors Accounts	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	9,784	3,902	1,743	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,507,864	1,649,882	1,562,524	1,664,834	1,376,322	2,080,091	2,001,187	1,899,872	1,893,882	1,450,499	1,689,788	927,902	889,968
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	9,598,919	10,865,581	9,567,030	9,196,678	9,235,185	9,886,771	9,701,235	9,380,170	7,624,473	5,589,373	5,207,353	2,168,145	2,048,115
total liabilities	11,106,783	12,515,463	11,129,554	10,861,512	10,611,507	11,966,862	11,702,422	11,280,042	9,518,355	7,039,872	6,897,141	3,096,047	2,938,083
net assets	2,655,270	1,619,683	1,151,327	162,968	261,017	64,002	111,402	512,459	331,308	219,438	52,745	-84,905	-67,845
total shareholders funds	2,655,270	1,619,683	1,151,327	162,968	261,017	64,002	111,402	512,459	331,308	219,438	52,745	-84,905	-67,845

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Aug 2011
Operating Activities
Operating Profit	1,366,187	573,323	1,215,793	-103,387	221,147	-24,009	-386,093	138,545	116,847	171,780	177,890	-17,600	-68,129
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-215,767	-103,134	-211,317	40,468	-29,237	27,387	70,764	-23,579	-42,704	-48,959	-47,386	-20,878	-641
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-333,100	291,036	185,865	92,980	-449,428	-58,584	-361,975	401,527	689,682	252,766	915,573	119,517	421,819
Creditors	-157,931	144,484	-29,876	63,887	-98,613	66,654	61,815	147,402	233,145	140,173	231,383	18,643	171,073
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,325,589	323,637	788,735	-92,012	542,725	128,616	108,461	-139,159	-382,394	10,228	-553,686	-139,352	-319,516
Investing Activities
capital expenditure	665,079	-756,015	-1,464,123	-193,050	317,853	35,652	48,442	-1,222,525	-1,860,608	-150,667	-2,513,357	40,438	-1,993,006
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	665,079	-756,015	-1,464,123	-193,050	317,853	35,652	48,442	-1,222,525	-1,860,608	-150,667	-2,513,357	40,438	-1,993,006
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	-9,784	5,882	2,159	1,743	0	0
Long term loans	0	0	0	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	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-6,753	-8,350	2,869	5,092	15,765	-26,495	-16,818	69,968	17,662	30,016	1	0	1
interest	23,599	15,203	862	246	2,619	3,104	1,854	433	913	1,229	875	540	283
cash flow from financing	16,846	6,853	3,731	5,338	18,384	-23,391	-14,964	60,617	24,457	33,404	2,619	540	284
cash and cash equivalents
cash	95,102	-64,820	244,297	-46,086	-161,159	31,620	54,670	95,599	-47,327	25,366	166,988	-10,540	113,354
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	95,102	-64,820	244,297	-46,086	-161,159	31,620	54,670	95,599	-47,327	25,366	166,988	-10,540	113,354

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BISS UNDERWRITING LIMITED group structure

Biss Underwriting Limited has 2 subsidiary companies.

Ultimate parent company

BISS UNDERWRITING LIMITED

07335815

2 subsidiaries

MILBURN UNDERWRITING LIMITED

05227017

BISS 179 LIMITED

09493983

BISS UNDERWRITING LIMITED Shareholders

philip morris

100%

Biss Underwriting Limited currently has 2 directors. The longest serving directors include Mr Philip Morris (Aug 2010) and Mr Jordan Morris (Sep 2017).

officer	country	age	start	end	role
Mr Philip Morris	England	63 years	Aug 2010	-	Director
Mr Jordan Morris	England	37 years	Sep 2017	-	Director

P&L

December 2023

turnover

3.3m

-16%

operating profit

1.4m

gross margin

100%

turnover

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

Balance Sheet

December 2023

net assets

2.7m

+0.64%

total assets

13.8m

-0.03%

cash

497.1k

+0.24%

net assets

Total assets minus all liabilities

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company number

07335815

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

August 2010

ultimate parent company

None

previous names

biss construction limited (October 2012)

address

80 darras road, ponteland, newcastle upon tyne, NE20 9PG

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biss underwriting limited Company Information

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