inevexco ltd
inevexco ltd Company Information
Company Number
07770177
Next Accounts
Sep 2025
Industry
Non-life insurance
Shareholders
assuredpartners international ltd
Group Structure
View All
Contact
Registered Address
suite 184, 80 churchill square business cen, west malling, kent, ME19 4YU
Website
www.inevexco.co.ukinevexco ltd Estimated Valuation
Pomanda estimates the enterprise value of INEVEXCO LTD at £2.1m based on a Turnover of £3.2m and 0.65x industry multiple (adjusted for size and gross margin).
inevexco ltd Estimated Valuation
Pomanda estimates the enterprise value of INEVEXCO LTD at £0 based on an EBITDA of £-164.8k and a 8.69x industry multiple (adjusted for size and gross margin).
inevexco ltd Estimated Valuation
Pomanda estimates the enterprise value of INEVEXCO LTD at £3.8m based on Net Assets of £2.3m and 1.7x industry multiple (adjusted for liquidity).
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Inevexco Ltd Overview
Inevexco Ltd is a live company located in west malling, ME19 4YU with a Companies House number of 07770177. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 2011, it's largest shareholder is assuredpartners international ltd with a 100% stake. Inevexco Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.
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Inevexco Ltd Health Check
Pomanda's financial health check has awarded Inevexco Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 1 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
1 Weak
Size
annual sales of £2.8m, make it larger than the average company (£2m)
£2.8m - Inevexco Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7%)
- Inevexco Ltd
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Inevexco Ltd
100% - Industry AVG
Profitability
an operating margin of -12.2% make it less profitable than the average company (18.9%)
-12.2% - Inevexco Ltd
18.9% - Industry AVG
Employees
with 20 employees, this is similar to the industry average (24)
20 - Inevexco Ltd
24 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has an equivalent pay structure (£57.4k)
£58.2k - Inevexco Ltd
£57.4k - Industry AVG
Efficiency
resulting in sales per employee of £137.9k, this is equally as efficient (£143.9k)
£137.9k - Inevexco Ltd
£143.9k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is earlier than average (199 days)
82 days - Inevexco Ltd
199 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Inevexco Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Inevexco Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (21 weeks)
42 weeks - Inevexco Ltd
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 (81.4%)
82.3% - Inevexco Ltd
81.4% - Industry AVG
INEVEXCO LTD financials
Inevexco Ltd's latest turnover from December 2023 is £3.2 million and the company has net assets of £2.3 million. According to their latest financial statements, Inevexco Ltd has 21 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,191,316 | 2,757,559 | ||||||||||
| Other Income Or Grants | 0 | 0 | ||||||||||
| Cost Of Sales | 0 | 0 | ||||||||||
| Gross Profit | 3,191,316 | 2,757,559 | ||||||||||
| Admin Expenses | 3,379,462 | 3,093,669 | ||||||||||
| Operating Profit | -188,146 | -336,110 | ||||||||||
| Interest Payable | 0 | 0 | ||||||||||
| Interest Receivable | 11,273 | 753 | ||||||||||
| Pre-Tax Profit | -176,873 | -335,357 | ||||||||||
| Tax | 42,512 | 71,065 | ||||||||||
| Profit After Tax | -134,361 | -264,292 | ||||||||||
| Dividends Paid | 0 | 0 | ||||||||||
| Retained Profit | -134,361 | -264,292 | ||||||||||
| Employee Costs | 3,051,212 | 1,163,005 | ||||||||||
| Number Of Employees | 21 | 20 | 18 | 15 | 18 | 17 | 15 | 12 | 10 | |||
| EBITDA* | -164,842 | -317,369 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 56,350 | 77,199 | 24,614 | 61,213 | 141,661 | 120,443 | 106,438 | 71,460 | 63,105 | 49,606 | 19,061 | 3,344 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 56,350 | 77,199 | 24,614 | 61,213 | 141,661 | 120,443 | 106,438 | 71,460 | 63,105 | 49,606 | 19,061 | 3,344 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 676,113 | 626,951 | 580,052 | 310,963 | 1,175,820 | 601,043 | 694,291 | 822,330 | 477,051 | 366,047 | 440,760 | 565,220 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 55,646 | 76,241 | 5,360 | 5,845 | 5,845 | 5,845 | 5,845 | 37,537 | 6,300 | 5,121 | 5,766 | 5,446 |
| Cash | 2,745,520 | 1,625,263 | 1,863,643 | 1,144,596 | 1,630,218 | 1,349,638 | 1,163,944 | 438,170 | 469,745 | 407,515 | 303,698 | 261,229 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,477,279 | 2,328,455 | 2,449,055 | 1,461,404 | 2,811,883 | 1,956,526 | 1,864,080 | 1,298,037 | 953,096 | 778,683 | 750,224 | 831,895 |
| total assets | 3,533,629 | 2,405,654 | 2,473,669 | 1,522,617 | 2,953,544 | 2,076,969 | 1,970,518 | 1,369,497 | 1,016,201 | 828,289 | 769,285 | 835,239 |
| Bank overdraft | 0 | 0 | 0 | 3,472 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,163,791 | 1,013,689 | 1,030,449 | 453,417 | 1,567,697 | 836,446 | 1,142,102 | 716,881 | 516,603 | 475,494 | 432,377 | 571,269 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 119,568 | 966,178 | 303,141 | 184,888 | 267,852 | 304,554 | 144,535 | 152,418 | 145,757 | 142,978 | 109,025 | 178,034 |
| total current liabilities | 1,283,359 | 1,979,867 | 1,333,590 | 641,777 | 1,835,549 | 1,141,000 | 1,286,637 | 869,299 | 662,360 | 618,472 | 541,402 | 749,303 |
| loans | 0 | 0 | 0 | 46,528 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,900 | 49,900 |
| provisions | 0 | 0 | 0 | 0 | 8,533 | 20,817 | 18,634 | 11,056 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 46,528 | 8,533 | 20,817 | 18,634 | 11,056 | 0 | 0 | 49,900 | 49,900 |
| total liabilities | 1,283,359 | 1,979,867 | 1,333,590 | 688,305 | 1,844,082 | 1,161,817 | 1,305,271 | 880,355 | 662,360 | 618,472 | 591,302 | 799,203 |
| net assets | 2,250,270 | 425,787 | 1,140,079 | 834,312 | 1,109,462 | 915,152 | 665,247 | 489,142 | 353,841 | 209,817 | 177,983 | 36,036 |
| total shareholders funds | 2,250,270 | 425,787 | 1,140,079 | 834,312 | 1,109,462 | 915,152 | 665,247 | 489,142 | 353,841 | 209,817 | 177,983 | 36,036 |
| Dec 2023 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -188,146 | -336,110 | ||||||||||
| Depreciation | 23,304 | 18,741 | 52,230 | 74,345 | 77,160 | 51,592 | 29,997 | 29,969 | 22,251 | 14,926 | 3,205 | 784 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 42,512 | 71,065 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 146,347 | 117,780 | 268,604 | -864,857 | 574,777 | -93,248 | -159,731 | 376,516 | 112,183 | -75,358 | -124,140 | 570,666 |
| Creditors | 133,342 | -16,760 | 577,032 | -1,114,280 | 731,251 | -305,656 | 425,221 | 200,278 | 41,109 | 43,117 | -138,892 | 571,269 |
| Accruals and Deferred Income | -183,573 | 663,037 | 118,253 | -82,964 | -36,702 | 160,019 | -7,883 | 6,661 | 2,779 | 33,953 | -69,009 | 178,034 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -8,533 | -12,284 | 2,183 | 7,578 | 11,056 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -318,908 | 282,193 | ||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -46,528 | 46,528 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -49,900 | 0 | 49,900 |
| share issue | ||||||||||||
| interest | 11,273 | 753 | ||||||||||
| cash flow from financing | 1,255,825 | -449,247 | ||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 881,877 | -238,380 | 719,047 | -485,622 | 280,580 | 185,694 | 725,774 | -31,575 | 62,230 | 103,817 | 42,469 | 261,229 |
| overdraft | 0 | 0 | -3,472 | 3,472 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 881,877 | -238,380 | 722,519 | -489,094 | 280,580 | 185,694 | 725,774 | -31,575 | 62,230 | 103,817 | 42,469 | 261,229 |
inevexco ltd Credit Report and Business Information
Inevexco Ltd Competitor Analysis
Perform a competitor analysis for inevexco ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in ME19 area or any other competitors across 12 key performance metrics.
inevexco ltd Ownership
INEVEXCO LTD group structure
Inevexco Ltd has no subsidiary companies.
Ultimate parent company
ASSUREDPARTNERS INC
#0034726
2 parents
INEVEXCO LTD
07770177
inevexco ltd directors
Inevexco Ltd currently has 5 directors. The longest serving directors include Mr Mark Clayton (Mar 2013) and Miss Shelley Crocker (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Clayton | 54 years | Mar 2013 | - | Director | |
| Miss Shelley Crocker | United Kingdom | 45 years | Mar 2018 | - | Director |
| Mr Mark Blair | United Kingdom | 50 years | Mar 2018 | - | Director |
| Mr David Heathfield | England | 46 years | Jan 2024 | - | Director |
| Mr Stuart Quilter | England | 47 years | Jan 2024 | - | Director |
P&L
December 2023turnover
3.2m
0%
operating profit
-188.1k
0%
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
2.3m
+0.97%
total assets
3.5m
+0.43%
cash
2.7m
+0.47%
net assets
Total assets minus all liabilities
inevexco ltd company details
company number
07770177
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
September 2011
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
suite 184, 80 churchill square business cen, west malling, kent, ME19 4YU
Bank
-
Legal Advisor
-
inevexco 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 did not find charges/mortgages relating to inevexco ltd.
inevexco ltd 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 INEVEXCO LTD. This can take several minutes, an email will notify you when this has completed.
inevexco ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
