inigo managing agent limited

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inigo managing agent limited Company Information

Share INIGO MANAGING AGENT LIMITED

Company Number

08039754

Shareholders

inigo limited

Group Structure

View All

Industry

Non-life insurance

 

Registered Address

7th floor one creechurch place, london, EC3A 5AY

inigo managing agent limited Estimated Valuation

£5.5m

Pomanda estimates the enterprise value of INIGO MANAGING AGENT LIMITED at £5.5m based on a Turnover of £7.8m and 0.7x industry multiple (adjusted for size and gross margin).

inigo managing agent limited Estimated Valuation

£27.4m

Pomanda estimates the enterprise value of INIGO MANAGING AGENT LIMITED at £27.4m based on an EBITDA of £3.5m and a 7.89x industry multiple (adjusted for size and gross margin).

inigo managing agent limited Estimated Valuation

£10.8m

Pomanda estimates the enterprise value of INIGO MANAGING AGENT LIMITED at £10.8m based on Net Assets of £6.4m and 1.68x industry multiple (adjusted for liquidity).

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Inigo Managing Agent Limited Overview

Inigo Managing Agent Limited is a live company located in london, EC3A 5AY with a Companies House number of 08039754. It operates in the non-life insurance sector, SIC Code 65120. Founded in April 2012, it's largest shareholder is inigo limited with a 100% stake. Inigo Managing Agent Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.8m with rapid growth in recent years.

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Inigo Managing Agent Limited Health Check

Pomanda's financial health check has awarded Inigo Managing Agent Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £7.8m, make it larger than the average company (£2.1m)

£7.8m - Inigo Managing Agent Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (8.7%)

46% - Inigo Managing Agent Limited

8.7% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Inigo Managing Agent Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 44.3% make it more profitable than the average company (17.6%)

44.3% - Inigo Managing Agent Limited

17.6% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (26)

6 - Inigo Managing Agent Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £498.7k, the company has a higher pay structure (£65.3k)

£498.7k - Inigo Managing Agent Limited

£65.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.3m, this is more efficient (£163.5k)

£1.3m - Inigo Managing Agent Limited

£163.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Inigo Managing Agent Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Inigo Managing Agent Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Inigo Managing Agent Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 371 weeks, this is more cash available to meet short term requirements (18 weeks)

371 weeks - Inigo Managing Agent Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 11.7%, this is a lower level of debt than the average (81.4%)

11.7% - Inigo Managing Agent Limited

81.4% - Industry AVG

INIGO MANAGING AGENT LIMITED financials

EXPORTms excel logo

Inigo Managing Agent Limited's latest turnover from December 2023 is £7.8 million and the company has net assets of £6.4 million. According to their latest financial statements, Inigo Managing Agent Limited has 6 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Turnover7,845,8155,400,1383,865,9312,512,982674,852657,437203,212561,912781,341550,6201,200,000
Other Income Or Grants
Cost Of Sales1111,88917,55477,89595,323274,074
Gross Profit7,845,8155,400,1383,865,8192,512,982674,852657,437201,323544,358703,446455,297925,926
Admin Expenses4,371,7465,119,3263,226,2071,940,225148,639326,645-712,267253,117372,039436,091902,087
Operating Profit3,474,069280,812639,612572,757526,213330,792913,590291,241331,40719,20623,839
Interest Payable38,750116,859
Interest Receivable86,1522,4308,21111,55928,47417,7788,4534,57712,06165,090117,695
Pre-Tax Profit3,560,221283,243647,824584,316554,687348,570922,043295,818343,46845,54624,675
Tax-841,425-54,736-68,554-171,259104,440-10,454
Profit After Tax2,718,796228,507579,270413,057659,127348,570922,043295,818333,01445,54624,675
Dividends Paid2,685,491
Retained Profit2,718,796-2,456,984579,270413,057659,127348,570922,043295,818333,01445,54624,675
Employee Costs2,992,4483,249,2031,561,896950,786280,527282,300109,713265,878311,408212,340460,887
Number Of Employees6826175525649
EBITDA*3,474,069280,812639,612572,757526,213330,792913,590291,241331,40719,20623,839

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors1,930,2248,496,846
Group Debtors1,118,9251,355,3862,678,52479,484669,672358,784196,572778,3625,690,909
Misc Debtors94,482202,75919,578156,6871,455,6363,122,01359,20738,511
Cash6,074,4893,193,7675,655,4686,641,7027,269,9865,583,0764,262,4394,042,7102,219,3712,474,7922,500,837
misc current assets
total current assets7,287,8974,751,9138,353,5716,721,1869,356,8977,708,3847,743,2364,298,4893,036,2448,165,70110,997,683
total assets7,287,8974,751,9138,353,5716,721,1869,356,8977,708,3847,743,2364,298,4893,036,2448,165,70110,997,683
Bank overdraft
Bank loan
Trade Creditors 3,034,8011
Group/Directors Accounts841,425874,6121,756,050711,4161,524,0113,605,3991,078,519133,0075,595,4798,473,007
other short term finances1,711,801
hp & lease commitments
other current liabilities9,026158,651275,88970,0691,193,3022,90516,74020,916
total current liabilities850,4511,033,2632,031,939781,4864,228,1033,238,7173,622,1391,099,435133,0085,595,4798,473,007
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities850,4511,033,2632,031,939781,4864,228,1033,238,7173,622,1391,099,435133,0085,595,4798,473,007
net assets6,437,4463,718,6506,321,6325,939,7005,128,7944,469,6674,121,0973,199,0542,903,2362,570,2222,524,676
total shareholders funds6,437,4463,718,6506,321,6325,939,7005,128,7944,469,6674,121,0973,199,0542,903,2362,570,2222,524,676
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Operating Activities
Operating Profit3,474,069280,812639,612572,757526,213330,792913,590291,241331,40719,20623,839
Depreciation
Amortisation
Tax-841,425-54,736-68,554-171,259104,440-10,454
Stock
Debtors-344,738-1,139,9582,618,619-2,007,427-38,397-1,355,4893,225,018-561,094-4,874,036-2,805,9378,496,846
Creditors-3,034,8013,034,801-11
Accruals and Deferred Income-149,625-117,238205,820-1,123,2331,190,397-13,835-4,17620,916
Deferred Taxes & Provisions
Cash flow from operations2,827,7571,248,796-1,841,741-1,749,1094,894,2481,672,446-2,315,604873,2505,194,9902,825,143-8,473,007
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-33,187-881,4381,044,634711,416-1,524,011-2,081,3882,526,880945,512-5,462,472-2,877,5288,473,007
Other Short Term Loans -1,711,8011,711,801
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-145,999-197,338397,8492,500,001
interest86,1522,4308,21111,55928,47417,7788,4534,57712,06126,340836
cash flow from financing52,965-1,025,007855,5071,120,824-3,207,338-351,8092,535,333950,089-5,450,411-2,851,18810,973,844
cash and cash equivalents
cash2,880,722-2,461,701-986,234-628,2841,686,9101,320,637219,7291,823,339-255,421-26,0452,500,837
overdraft
change in cash2,880,722-2,461,701-986,234-628,2841,686,9101,320,637219,7291,823,339-255,421-26,0452,500,837

inigo managing agent limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Inigo Managing Agent Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for inigo managing agent limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3A area or any other competitors across 12 key performance metrics.

inigo managing agent limited Ownership

INIGO MANAGING AGENT LIMITED group structure

Inigo Managing Agent Limited has no subsidiary companies.

Ultimate parent company

1 parent

INIGO MANAGING AGENT LIMITED

08039754

INIGO MANAGING AGENT LIMITED Shareholders

inigo limited 100%

inigo managing agent limited directors

Inigo Managing Agent Limited currently has 9 directors. The longest serving directors include Mr Russell Merrett (Mar 2021) and Mr Richard Watson (Mar 2021).

officercountryagestartendrole
Mr Russell MerrettUnited Kingdom58 years Mar 2021- Director
Mr Richard Watson61 years Mar 2021- Director
Mr Stuart BridgesUnited Kingdom64 years Mar 2021- Director
Mr Tim HanfordEngland60 years Mar 2021- Director
Sir Howard DaviesScotland74 years Mar 2021- Director
Mrs Vanessa Hartley52 years Mar 2021- Director
Mrs Siobhan CifelliEngland60 years Mar 2021- Director
Mr James Dean67 years Mar 2021- Director
Mrs Amanda BoweUnited Kingdom57 years Aug 2022- Director

P&L

December 2023

turnover

7.8m

+45%

operating profit

3.5m

+1137%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

6.4m

+0.73%

total assets

7.3m

+0.53%

cash

6.1m

+0.9%

net assets

Total assets minus all liabilities

inigo managing agent limited company details

company number

08039754

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

April 2012

age

13

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

starstone underwriting limited (April 2021)

torus underwriting management limited (November 2015)

accountant

-

auditor

KPMG LLP

address

7th floor one creechurch place, london, EC3A 5AY

Bank

BARCLAYS BANK PLC

Legal Advisor

-

inigo managing agent 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 inigo managing agent limited.

inigo managing agent 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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inigo managing agent limited Companies House Filings - See Documents

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