cobalt underwriting services limited
cobalt underwriting services limited Company Information
Company Number
07979365
Next Accounts
Sep 2025
Shareholders
cobalt insurance holdings ltd
Group Structure
View All
Industry
Non-life reinsurance
+1Registered Address
9 bonhill street, london, EC2A 4DJ
Website
www.cobaltuw.comcobalt underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of COBALT UNDERWRITING SERVICES LIMITED at £26k based on a Turnover of £40.1k and 0.65x industry multiple (adjusted for size and gross margin).
cobalt underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of COBALT UNDERWRITING SERVICES LIMITED at £316.9k based on an EBITDA of £41.1k and a 7.7x industry multiple (adjusted for size and gross margin).
cobalt underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of COBALT UNDERWRITING SERVICES LIMITED at £407.1k based on Net Assets of £257k and 1.58x industry multiple (adjusted for liquidity).
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Cobalt Underwriting Services Limited Overview
Cobalt Underwriting Services Limited is a live company located in london, EC2A 4DJ with a Companies House number of 07979365. It operates in the non-life insurance sector, SIC Code 65120. Founded in March 2012, it's largest shareholder is cobalt insurance holdings ltd with a 100% stake. Cobalt Underwriting Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £40.1k with declining growth in recent years.
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Cobalt Underwriting Services Limited Health Check
Pomanda's financial health check has awarded Cobalt Underwriting Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £40.1k, make it smaller than the average company (£1.7m)
£40.1k - Cobalt Underwriting Services Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (7.8%)
-17% - Cobalt Underwriting Services Limited
7.8% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Cobalt Underwriting Services Limited
100% - Industry AVG
Profitability
an operating margin of 101.1% make it more profitable than the average company (16.7%)
101.1% - Cobalt Underwriting Services Limited
16.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
- Cobalt Underwriting Services Limited
18 - Industry AVG
Pay Structure
on an average salary of £96.7k, the company has an equivalent pay structure (£96.7k)
- Cobalt Underwriting Services Limited
£96.7k - Industry AVG
Efficiency
resulting in sales per employee of £40.1k, this is less efficient (£190.1k)
- Cobalt Underwriting Services Limited
£190.1k - Industry AVG
Debtor Days
it gets paid by customers after 261 days, this is later than average (172 days)
261 days - Cobalt Underwriting Services Limited
172 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cobalt Underwriting Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cobalt Underwriting Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (19 weeks)
36 weeks - Cobalt Underwriting Services Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.2%, this is a lower level of debt than the average (80.3%)
7.2% - Cobalt Underwriting Services Limited
80.3% - Industry AVG
COBALT UNDERWRITING SERVICES LIMITED financials
Cobalt Underwriting Services Limited's latest turnover from December 2023 is £40.1 thousand and the company has net assets of £257 thousand. According to their latest financial statements, we estimate that Cobalt Underwriting Services Limited has 1 employee and maintains cash reserves of £13.9 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 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 40,114 | 105,455 | 59,616 | 70,760 | 82,142 | 128,895 | 118,759 | 141,105 | 204,259 | 126,733 | 20,643 | |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 5,000 | 68,080 | 42,244 | 6,881 | ||||||||
| Gross Profit | 77,142 | 136,179 | 84,489 | 13,762 | ||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | 41,214 | 86,894 | 23,635 | -318 | -12,245 | 53,636 | -13,283 | 129,545 | 11,287 | -2,364 | -69,253 | |
| Tax | -9,694 | -16,510 | -10,191 | 188 | -11,380 | |||||||
| Profit After Tax | 31,520 | 70,384 | 23,635 | -318 | -12,245 | 43,445 | -13,095 | 118,165 | 11,287 | -2,364 | -69,253 | |
| Dividends Paid | ||||||||||||
| Retained Profit | 31,520 | 70,384 | 23,635 | -318 | -12,245 | 43,445 | -13,095 | 118,165 | 11,287 | -2,364 | -69,253 | |
| Employee Costs | ||||||||||||
| Number Of Employees | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,316 | 21,554 | 33,871 | |||||||||
| Intangible Assets | 866 | 1,479 | ||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 866 | 1,479 | 12,316 | 21,554 | 33,871 | |||||||
| Stock & work in progress | ||||||||||||
| Trade Debtors | 28,786 | 56,917 | 13,241 | 37,878 | 63,218 | 108,708 | 71,656 | 86,880 | 96,638 | 67,950 | 13,500 | |
| Group Debtors | 232,948 | 204,998 | 204,912 | 147,016 | 53,116 | 190,294 | 76,404 | |||||
| Misc Debtors | 391 | 1,190 | 1,190 | 510 | 7,578 | 241 | 53 | 7,829 | 18,738 | 9,735 | ||
| Cash | 13,879 | 42,965 | 19,007 | 39,789 | 90,545 | 30,039 | 9,317 | 7,768 | 50,312 | 38,433 | 107,142 | |
| misc current assets | ||||||||||||
| total current assets | 276,004 | 306,070 | 238,350 | 225,193 | 214,457 | 226,702 | 178,257 | 171,105 | 154,779 | 125,121 | 130,377 | |
| total assets | 276,870 | 307,549 | 238,350 | 225,193 | 214,457 | 226,702 | 178,257 | 183,421 | 176,333 | 158,992 | 130,377 | |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 630 | 1,185 | ||||||||||
| Group/Directors Accounts | 10,600 | 105,216 | 99,201 | 92,749 | ||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 8,652 | 82,081 | 82,081 | 91,640 | 80,586 | 75,586 | 25,586 | 31,447 | 31,408 | 6,881 | ||
| total current liabilities | 19,882 | 82,081 | 83,266 | 91,640 | 80,586 | 80,586 | 75,586 | 25,586 | 136,663 | 130,609 | 99,630 | |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | ||||||||||||
| total liabilities | 19,882 | 82,081 | 83,266 | 91,640 | 80,586 | 80,586 | 75,586 | 25,586 | 136,663 | 130,609 | 99,630 | |
| net assets | 256,988 | 225,468 | 155,084 | 133,553 | 133,871 | 146,116 | 102,671 | 157,835 | 39,670 | 28,383 | 30,747 | |
| total shareholders funds | 256,988 | 225,468 | 155,084 | 133,553 | 133,871 | 146,116 | 102,671 | 157,835 | 39,670 | 28,383 | 30,747 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 12,317 | 9,238 | 12,317 | 3,079 | ||||||||
| Amortisation | 613 | 359 | ||||||||||
| Tax | -9,694 | -16,510 | -10,191 | 188 | -11,380 | |||||||
| Stock | ||||||||||||
| Debtors | -980 | 43,762 | 33,939 | 61,492 | 15,204 | -153,483 | 98,854 | 76,649 | 17,779 | 63,453 | 23,235 | |
| Creditors | 630 | -1,185 | 1,185 | |||||||||
| Accruals and Deferred Income | -73,429 | -9,559 | 11,054 | 80,586 | -75,586 | 50,000 | -5,822 | 39 | 24,527 | 6,881 | ||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 10,600 | -99,201 | 6,015 | 6,452 | 92,749 | |||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | 10,600 | -2,104 | -42,069 | -87,914 | 6,015 | 6,452 | 192,749 | |||||
| cash and cash equivalents | ||||||||||||
| cash | -29,086 | 23,958 | -20,782 | -50,756 | 60,506 | 20,722 | 1,549 | -30,665 | 11,879 | -68,709 | 107,142 | |
| overdraft | ||||||||||||
| change in cash | -29,086 | 23,958 | -20,782 | -50,756 | 60,506 | 20,722 | 1,549 | -30,665 | 11,879 | -68,709 | 107,142 |
cobalt underwriting services limited Credit Report and Business Information
Cobalt Underwriting Services Limited Competitor Analysis
Perform a competitor analysis for cobalt underwriting services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.
cobalt underwriting services limited Ownership
COBALT UNDERWRITING SERVICES LIMITED group structure
Cobalt Underwriting Services Limited has no subsidiary companies.
Ultimate parent company
TREBUCHET GROUP HOLDINGS LTD
#0114665
2 parents
COBALT UNDERWRITING SERVICES LIMITED
07979365
cobalt underwriting services limited directors
Cobalt Underwriting Services Limited currently has 2 directors. The longest serving directors include Mr John Williams (Jan 2020) and Mr Sean Dalton (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Williams | United Kingdom | 66 years | Jan 2020 | - | Director |
| Mr Sean Dalton | 59 years | Jan 2024 | - | Director |
P&L
December 2023turnover
40.1k
-62%
operating profit
40.5k
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
257k
+0.14%
total assets
276.9k
-0.1%
cash
13.9k
-0.68%
net assets
Total assets minus all liabilities
cobalt underwriting services limited company details
company number
07979365
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
65120 - Non-life insurance
incorporation date
March 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
cobalt 456 limited (April 2013)
accountant
-
auditor
BEGBIES
address
9 bonhill street, london, EC2A 4DJ
Bank
-
Legal Advisor
-
cobalt underwriting services 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 did not find charges/mortgages relating to cobalt underwriting services limited.
cobalt underwriting services 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.
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cobalt underwriting services limited Companies House Filings - See Documents
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