2gether Insurance Ltd

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2gether insurance ltd Company Information

Live

EstablishedSmallDeclining

Company Number

07561225

Next Accounts

Dec 2025

Industry

Non-life insurance

Directors

Gary Haime

Carrie Haime

Shareholders

gary steven haime

carrie susan haime

Group Structure

View All

Contact

Registered Address

exchange square, wisbech, cambridgeshire, PE13 1RA

Website

2getherinsurance.co.uk

2gether insurance ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of 2GETHER INSURANCE LTD at £1.2m based on a Turnover of £1.9m and 0.61x industry multiple (adjusted for size and gross margin).

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2gether Insurance Ltd is a live company located in cambridgeshire, PE13 1RA with a Companies House number of 07561225. It operates in the non-life insurance sector, SIC Code 65120. Founded in March 2011, it's largest shareholder is gary steven haime with a 50% stake. 2gether Insurance Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.

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Pomanda's financial health check has awarded 2Gether Insurance Ltd 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

Health Rating4out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £1.9m, make it in line with the average company (£2.2m)

Growth

3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (10.2%)

EXPORT

2Gether Insurance Ltd's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of £419.7 thousand. According to their latest financial statements, 2Gether Insurance Ltd has 48 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	1,913,430	6,867,510	5,861,549	6,471,439	6,358,597	1,739,740	4,624,371	4,718,562	5,963	37,397	452,725	7,991	88,748
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	53,084	37,806	37,674	0	37,660	71,397	535	6,427	95,781	1,987	20,629
Gross Profit	1,913,430	6,867,510	5,808,464	6,433,633	6,320,922	1,739,740	4,586,712	4,647,165	5,428	30,970	356,944	6,004	68,119
Admin Expenses	1,848,416	6,987,128	5,727,593	6,278,024	6,196,833	1,652,770	4,653,939	4,645,911	-99,602	-81,597	434,710	-501	61,014
Operating Profit	65,014	-119,618	80,871	155,609	124,089	86,970	-67,227	1,254	105,030	112,567	-77,766	6,505	7,105
Interest Payable	0	0	0	0	0	0	71	68	0	0	0	0	0
Interest Receivable	52,082	26,984	4,727	637	653	5,322	2,835	1,739	3,721	2,530	2,254	2,006	928
Pre-Tax Profit	117,096	-92,634	85,598	156,246	124,742	92,291	-64,463	2,925	108,751	115,097	-75,512	8,511	8,034
Tax	-29,274	0	-16,264	-29,687	-23,701	-17,535	0	-585	-21,750	-24,170	0	-2,043	-2,089
Profit After Tax	87,822	-92,634	69,334	126,559	101,041	74,756	-64,463	2,340	87,001	90,927	-75,512	6,468	5,945
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	87,822	-92,634	69,334	126,559	101,041	74,756	-64,463	2,340	87,001	90,927	-75,512	6,468	5,945
Employee Costs	2,929,709	2,753,525	2,857,603	3,076,218	2,911,225	2,404,581	2,166,074	2,208,709	48,457	48,262	191,332	46,058	44,941
Number Of Employees	48	50	52	59	58	47	42	44	1	1	4	1	1
EBITDA*	66,402	-119,079	81,538	156,435	125,069	87,723	-66,378	2,256	106,272	114,110	180,825	265,215	264,885

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	11,631	13,019	13,558	14,225	15,051	14,030	14,783	14,900	15,902	17,144	7,984	7,664	9,488
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	256,885	513,771
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	11,631	13,019	13,558	14,225	15,051	14,030	14,783	14,900	15,902	17,144	7,984	264,549	523,259
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	5,523	0	0	0	0	4,900	0	0	0	17,137	235,514	853	0
Group Debtors	21,894	125,877	575,640	444,434	440,686	122,339	0	436,622	204,892	0	0	0	0
Misc Debtors	2,456	145,461	95,294	220,471	187,054	304,783	354,353	5,990	308	0	0	0	0
Cash	1,276,665	707,426	562,420	698,072	576,161	729,560	689,551	444,622	946,947	541,394	470,694	430,854	371,349
misc current assets	0	0	0	0	0	0	0	1,274	0	0	0	0	0
total current assets	1,306,538	978,764	1,233,354	1,362,977	1,203,901	1,161,582	1,043,904	888,508	1,152,147	558,531	706,208	431,707	371,349
total assets	1,318,169	991,783	1,246,912	1,377,202	1,218,952	1,175,612	1,058,687	903,408	1,168,049	575,675	714,192	696,256	894,608
Bank overdraft	0	0	0	0	0	0	0	2,183	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	145,650	18,905	49,858	85,093	19,810	61,916	56,457	68,941	45,306	286,150	415,594	310,557	317,601
Group/Directors Accounts	237,366	24,396	244,870	243,448	243,449	243,449	270,720	0	0	0	0	0	0
other short term finances	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
other current liabilities	515,293	616,180	527,145	692,830	726,264	742,053	678,704	454,176	746,774	0	0	0	0
total current liabilities	898,309	659,481	821,873	1,021,371	989,523	1,047,418	1,005,881	525,300	792,080	286,150	415,594	310,557	317,601
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	260,000	260,000	260,000	360,000	371,653	570,962
provisions	176	440	543	669	826	632	0	839	1,040	1,597	1,597	1,533	0
total long term liabilities	176	440	543	669	826	632	0	260,839	261,040	261,597	361,597	373,186	570,962
total liabilities	898,485	659,921	822,416	1,022,040	990,349	1,048,050	1,005,881	786,139	1,053,120	547,747	777,191	683,743	888,563
net assets	419,684	331,862	424,496	355,162	228,603	127,562	52,806	117,269	114,929	27,928	-62,999	12,513	6,045
total shareholders funds	419,684	331,862	424,496	355,162	228,603	127,562	52,806	117,269	114,929	27,928	-62,999	12,513	6,045

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	65,014	-119,618	80,871	155,609	124,089	86,970	-67,227	1,254	105,030	112,567	-77,766	6,505	7,105
Depreciation	1,388	539	667	826	980	753	849	1,002	1,242	1,543	1,706	1,824	894
Amortisation	0	0	0	0	0	0	0	0	0	0	256,885	256,886	256,886
Tax	-29,274	0	-16,264	-29,687	-23,701	-17,535	0	-585	-21,750	-24,170	0	-2,043	-2,089
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-241,465	-399,596	6,029	37,165	195,718	77,669	-88,259	237,412	188,063	-218,377	234,661	853	0
Creditors	126,745	-30,953	-35,235	65,283	-42,106	5,459	-12,484	23,635	-240,844	-129,444	105,037	-7,044	317,601
Accruals and Deferred Income	-100,887	89,035	-165,685	-33,434	-15,789	63,349	224,528	-292,598	746,774	0	0	0	0
Deferred Taxes & Provisions	-264	-103	-126	-157	194	632	-839	-201	-557	0	64	1,533	0
Cash flow from operations	304,187	338,496	-141,801	121,275	-152,051	61,959	233,086	-504,905	401,832	178,873	51,265	256,808	580,397
Investing Activities
capital expenditure	0	0	0	0	-2,001	0	-732	0	0	-10,703	-2,026	0	-781,039
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-2,001	0	-732	0	0	-10,703	-2,026	0	-781,039
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	212,970	-220,474	1,422	-1	0	-27,271	270,720	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	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	-260,000	0	0	-100,000	-11,653	-199,309	570,962
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	52,082	26,984	4,727	637	653	5,322	2,764	1,671	3,721	2,530	2,254	2,006	928
cash flow from financing	265,052	-193,490	6,149	636	653	-21,949	13,484	1,671	3,721	-97,470	-9,399	-197,303	571,990
cash and cash equivalents
cash	569,239	145,006	-135,652	121,911	-153,399	40,009	244,929	-502,325	405,553	70,700	39,840	59,505	371,349
overdraft	0	0	0	0	0	0	-2,183	2,183	0	0	0	0	0
change in cash	569,239	145,006	-135,652	121,911	-153,399	40,009	247,112	-504,508	405,553	70,700	39,840	59,505	371,349

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for 2gether insurance ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in PE13 area or any other competitors across 12 key performance metrics.

2GETHER INSURANCE LTD group structure

2Gether Insurance Ltd has no subsidiary companies.

Ultimate parent company

2GETHER INSURANCE LTD

07561225

2GETHER INSURANCE LTD Shareholders

gary steven haime	50%
carrie susan haime	50%

2Gether Insurance Ltd currently has 2 directors. The longest serving directors include Mr Gary Haime (Mar 2011) and Mrs Carrie Haime (Mar 2018).

officer	country	age	start	end	role
Mr Gary Haime	England	43 years	Mar 2011	-	Director
Mrs Carrie Haime	England	44 years	Mar 2018	-	Director

P&L

March 2024

turnover

1.9m

-72%

operating profit

65k

gross margin

100%

turnover

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

Balance Sheet

March 2024

net assets

419.7k

+0.26%

total assets

1.3m

+0.33%

cash

1.3m

+0.8%

net assets

Total assets minus all liabilities

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company number

07561225

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

March 2011

ultimate parent company

None

previous names

2gether solutions limited (April 2012)

address

exchange square, wisbech, cambridgeshire, PE13 1RA

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2gether insurance ltd Company Information

2gether insurance ltd Estimated Valuation

2gether insurance ltd Estimated Valuation

2gether insurance ltd Estimated Valuation

2gether Insurance Ltd Overview

2gether Insurance Ltd Health Check

2GETHER INSURANCE LTD financials

2gether insurance ltd Credit Report and Business Information

2gether Insurance Ltd Competitor Analysis

2gether insurance ltd Ownership

2gether insurance ltd directors

2gether insurance ltd company details

2gether insurance ltd Charges & Mortgages

2gether insurance ltd Capital Raised & Share Issues BETA

2gether insurance ltd Companies House Filings - See Documents