challenge brokers limited
challenge brokers limited Company Information
Company Number
08024885
Next Accounts
Sep 2025
Shareholders
charles james catt
Group Structure
View All
Industry
Non-life reinsurance
Registered Address
unit 102 portsoken house, 155-157 minories, london, EC3N 1LJ
Website
www.challenge-gi.comchallenge brokers limited Estimated Valuation
Pomanda estimates the enterprise value of CHALLENGE BROKERS LIMITED at £0 based on a Turnover of £835.2k and 0x industry multiple (adjusted for size and gross margin).
challenge brokers limited Estimated Valuation
Pomanda estimates the enterprise value of CHALLENGE BROKERS LIMITED at £0 based on an EBITDA of £34.5k and a 0x industry multiple (adjusted for size and gross margin).
challenge brokers limited Estimated Valuation
Pomanda estimates the enterprise value of CHALLENGE BROKERS LIMITED at £1.5m based on Net Assets of £909.3k and 1.67x industry multiple (adjusted for liquidity).
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Challenge Brokers Limited Overview
Challenge Brokers Limited is a live company located in london, EC3N 1LJ with a Companies House number of 08024885. It operates in the non-life reinsurance sector, SIC Code 65202. Founded in April 2012, it's largest shareholder is charles james catt with a 100% stake. Challenge Brokers Limited is a established, small sized company, Pomanda has estimated its turnover at £835.2k with declining growth in recent years.
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Challenge Brokers Limited Health Check
Pomanda's financial health check has awarded Challenge Brokers Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £835.2k, make it smaller than the average company (£1.4m)
£835.2k - Challenge Brokers Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (6.9%)
-9% - Challenge Brokers Limited
6.9% - Industry AVG
Production
with a gross margin of 99.1%, this company has a comparable cost of product (100%)
99.1% - Challenge Brokers Limited
100% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (15.9%)
4.1% - Challenge Brokers Limited
15.9% - Industry AVG
Employees
with 7 employees, this is below the industry average (11)
7 - Challenge Brokers Limited
11 - Industry AVG
Pay Structure
on an average salary of £58.3k, the company has a lower pay structure (£128.1k)
£58.3k - Challenge Brokers Limited
£128.1k - Industry AVG
Efficiency
resulting in sales per employee of £119.3k, this is less efficient (£216.7k)
£119.3k - Challenge Brokers Limited
£216.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Challenge Brokers Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 243 days, this is quicker than average (688 days)
243 days - Challenge Brokers Limited
688 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Challenge Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (21 weeks)
8 weeks - Challenge Brokers Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.1%, this is a similar level of debt than the average (79.1%)
79.1% - Challenge Brokers Limited
79.1% - Industry AVG
CHALLENGE BROKERS LIMITED financials
Challenge Brokers Limited's latest turnover from December 2023 is £835.2 thousand and the company has net assets of £909.3 thousand. According to their latest financial statements, Challenge Brokers Limited has 7 employees and maintains cash reserves of £512.8 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 835,231 | 630,954 | 896,388 | 1,117,623 | 1,071,558 | 689,254 | 487,384 | 312,753 | 299,566 | 149,424 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 7,504 | 8,022 | 77,894 | 11,866 | 45,002 | 22,569 | 1,174 | 6,235 | 6,240 | 5,786 | ||
| Gross Profit | 827,727 | 622,932 | 818,494 | 1,105,757 | 1,026,556 | 666,685 | 486,210 | 306,518 | 293,326 | 143,638 | ||
| Admin Expenses | 793,424 | 668,899 | 700,785 | 990,164 | 978,756 | 567,294 | 370,643 | 245,725 | 209,092 | 129,966 | ||
| Operating Profit | 34,303 | -45,967 | 117,709 | 115,593 | 47,800 | 99,391 | 115,567 | 60,793 | 84,234 | 13,672 | ||
| Interest Payable | 4,965 | 4,678 | 5,054 | 2,395 | 2,124 | 246 | 309 | 0 | 0 | 0 | ||
| Interest Receivable | 8,977 | 7,922 | 7,934 | 7,856 | 7,287 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 38,315 | -42,723 | 120,589 | 121,054 | 52,963 | 99,145 | 115,258 | 60,793 | 84,234 | 13,672 | ||
| Tax | 646 | 0 | -9,437 | -24,207 | -13,052 | -27,549 | -23,754 | -11,900 | -15,737 | -1,565 | ||
| Profit After Tax | 38,961 | -42,723 | 111,152 | 96,847 | 39,911 | 71,596 | 91,504 | 48,893 | 68,497 | 12,107 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 38,961 | -42,723 | 111,152 | 96,847 | 39,911 | 71,596 | 91,504 | 48,893 | 68,497 | 12,107 | ||
| Employee Costs | 407,929 | 357,320 | 399,684 | 465,343 | 413,653 | 343,333 | 219,006 | 150,819 | 124,935 | 91,145 | ||
| Number Of Employees | 7 | 8 | 9 | 9 | 7 | 7 | 5 | 3 | 2 | 2 | ||
| EBITDA* | 34,482 | -45,153 | 118,874 | 117,391 | 50,765 | 102,723 | 118,570 | 62,557 | 84,234 | 13,672 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 555 | 401 | 1,215 | 1,930 | 2,044 | 5,009 | 8,341 | 8,361 | 5,604 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 466,199 | 420,708 | 412,908 | 405,087 | 397,287 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 466,754 | 421,109 | 449,123 | 442,017 | 434,331 | 40,009 | 43,341 | 43,361 | 5,604 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 772,162 | 736,951 | 465,260 | 101,100 | 76,640 | 39,409 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 15,000 | 15,000 | 15,000 | 15,000 | 5,063 | 0 | 0 | 0 |
| Misc Debtors | 3,362,296 | 1,402,851 | 462,412 | 1,557,297 | 48,951 | 53,311 | 10,266 | 12,953 | 14,611 | 10,734 | 0 | 0 |
| Cash | 512,799 | 668,334 | 1,158,995 | 1,222,143 | 1,003,999 | 1,079,091 | 235,633 | 137,360 | 103,156 | 18,922 | 11,729 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,875,095 | 2,071,185 | 1,621,407 | 2,779,440 | 1,840,112 | 1,884,353 | 726,159 | 266,413 | 199,470 | 69,065 | 11,729 | 0 |
| total assets | 4,341,849 | 2,492,294 | 2,070,530 | 3,221,457 | 2,274,443 | 1,924,362 | 769,500 | 309,774 | 205,074 | 69,065 | 11,729 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 4,407 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,005 | 58,403 | 51,340 | 86,533 | 1,324,353 | 1,504,437 | 500,513 | 152,301 | 7,936 | 2,594 | 7,600 | 0 |
| 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 | 3,313,152 | 1,451,360 | 992,319 | 2,149,694 | 97,227 | 92,267 | 36,683 | 23,847 | 112,405 | 50,235 | 0 | 0 |
| total current liabilities | 3,318,157 | 1,509,763 | 1,043,659 | 2,236,227 | 1,421,580 | 1,601,111 | 537,196 | 176,148 | 120,341 | 52,829 | 7,600 | 0 |
| loans | 114,400 | 112,200 | 113,817 | 111,611 | 80,709 | 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 71,717 | 67,099 | 48,107 | 28,756 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 114,400 | 112,200 | 113,817 | 183,328 | 147,808 | 48,107 | 28,756 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,432,557 | 1,621,963 | 1,157,476 | 2,419,555 | 1,569,388 | 1,649,218 | 565,952 | 176,148 | 120,341 | 52,829 | 7,600 | 0 |
| net assets | 909,292 | 870,331 | 913,054 | 801,902 | 705,055 | 275,144 | 203,548 | 133,626 | 84,733 | 16,236 | 4,129 | 0 |
| total shareholders funds | 909,292 | 870,331 | 913,054 | 801,902 | 705,055 | 275,144 | 203,548 | 133,626 | 84,733 | 16,236 | 4,129 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 34,303 | -45,967 | 117,709 | 115,593 | 47,800 | 99,391 | 115,567 | 60,793 | 84,234 | 13,672 | ||
| Depreciation | 179 | 814 | 1,165 | 1,798 | 2,965 | 3,332 | 3,003 | 1,764 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 646 | 0 | -9,437 | -24,207 | -13,052 | -27,549 | -23,754 | -11,900 | -15,737 | -1,565 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,004,936 | 948,239 | -1,087,064 | 728,984 | 428,138 | 314,736 | 361,473 | 32,739 | 46,171 | 50,143 | 0 | 0 |
| Creditors | -53,398 | 7,063 | -35,193 | -1,237,820 | -180,084 | 1,003,924 | 348,212 | 144,365 | 5,342 | -5,006 | 7,600 | 0 |
| Accruals and Deferred Income | 1,861,792 | 459,041 | -1,157,375 | 2,052,467 | 4,960 | 55,584 | 12,836 | -88,558 | 62,170 | 50,235 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -71,717 | 4,618 | 18,992 | 19,351 | 28,756 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -161,414 | -527,288 | -67,784 | 183,465 | -546,557 | 839,297 | 123,147 | 73,725 | 89,838 | 7,193 | ||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -2,983 | -39,521 | ||||
| Change in Investments | 0 | -35,000 | 0 | 0 | 0 | 0 | 0 | 35,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 35,000 | 0 | 0 | 0 | 0 | -2,983 | -74,521 | ||||
| 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 | 2,200 | -1,617 | 2,206 | 30,902 | 80,709 | 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 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 4,012 | 3,244 | 2,880 | 5,461 | 5,163 | -246 | -309 | 0 | 0 | 0 | ||
| cash flow from financing | 6,212 | 1,627 | 5,086 | 36,363 | 475,872 | -246 | -21,891 | 0 | 0 | 0 | ||
| cash and cash equivalents | ||||||||||||
| cash | -155,535 | -490,661 | -63,148 | 218,144 | -75,092 | 843,458 | 98,273 | 34,204 | 84,234 | 7,193 | 11,729 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -4,407 | 4,407 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -155,535 | -490,661 | -63,148 | 218,144 | -70,685 | 839,051 | 98,273 | 34,204 | 84,234 | 7,193 | 11,729 | 0 |
challenge brokers limited Credit Report and Business Information
Challenge Brokers Limited Competitor Analysis
Perform a competitor analysis for challenge brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3N area or any other competitors across 12 key performance metrics.
challenge brokers limited Ownership
CHALLENGE BROKERS LIMITED group structure
Challenge Brokers Limited has no subsidiary companies.
Ultimate parent company
CHALLENGE GROUP HOLDINGS PTE LTD
#0096116
1 parent
CHALLENGE BROKERS LIMITED
08024885
challenge brokers limited directors
Challenge Brokers Limited currently has 2 directors. The longest serving directors include Mr Charles Catt (Apr 2012) and Mr Andrew Ainslie (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Catt | 78 years | Apr 2012 | - | Director | |
| Mr Andrew Ainslie | England | 59 years | Jun 2022 | - | Director |
P&L
December 2023turnover
835.2k
+32%
operating profit
34.3k
-175%
gross margin
99.2%
+0.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
909.3k
+0.04%
total assets
4.3m
+0.74%
cash
512.8k
-0.23%
net assets
Total assets minus all liabilities
challenge brokers limited company details
company number
08024885
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
challenge group brokers (uk) limited (July 2024)
accountant
-
auditor
KRESTON REEVES LLP
address
unit 102 portsoken house, 155-157 minories, london, EC3N 1LJ
Bank
-
Legal Advisor
-
challenge brokers 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 challenge brokers limited.
challenge brokers limited Capital Raised & Share Issues BETA
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challenge brokers limited Companies House Filings - See Documents
| date | description | view/download |
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