insurance fraud bureau
insurance fraud bureau Company Information
Group Structure
View All
Industry
Activities of other membership organisations n.e.c.
Registered Address
6-12 capital drive, linford wood, milton keynes, buckinghamshire, MK14 6XT
Website
www.insurancefraudbureau.orginsurance fraud bureau Estimated Valuation
Pomanda estimates the enterprise value of INSURANCE FRAUD BUREAU at £7.6m based on a Turnover of £7.4m and 1.03x industry multiple (adjusted for size and gross margin).
insurance fraud bureau Estimated Valuation
Pomanda estimates the enterprise value of INSURANCE FRAUD BUREAU at £0 based on an EBITDA of £-51.1k and a 6.89x industry multiple (adjusted for size and gross margin).
insurance fraud bureau Estimated Valuation
Pomanda estimates the enterprise value of INSURANCE FRAUD BUREAU at £10.8m based on Net Assets of £4.5m and 2.43x industry multiple (adjusted for liquidity).
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Insurance Fraud Bureau Overview
Insurance Fraud Bureau is a live company located in milton keynes, MK14 6XT with a Companies House number of 08203205. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in September 2012, it's largest shareholder is unknown. Insurance Fraud Bureau is a established, mid sized company, Pomanda has estimated its turnover at £7.4m with low growth in recent years.
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Insurance Fraud Bureau Health Check
Pomanda's financial health check has awarded Insurance Fraud Bureau a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £7.4m, make it larger than the average company (£397.3k)
£7.4m - Insurance Fraud Bureau
£397.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.4%)
2% - Insurance Fraud Bureau
6.4% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (95.8%)
100% - Insurance Fraud Bureau
95.8% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (1.9%)
-0.7% - Insurance Fraud Bureau
1.9% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (10)
9 - Insurance Fraud Bureau
10 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Insurance Fraud Bureau
- - Industry AVG
Efficiency
resulting in sales per employee of £822.2k, this is more efficient (£53.5k)
£822.2k - Insurance Fraud Bureau
£53.5k - Industry AVG
Debtor Days
it gets paid by customers after 119 days, this is later than average (11 days)
119 days - Insurance Fraud Bureau
11 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Insurance Fraud Bureau
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Insurance Fraud Bureau
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 56 weeks, this is less cash available to meet short term requirements (141 weeks)
56 weeks - Insurance Fraud Bureau
141 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a higher level of debt than the average (21.9%)
69.9% - Insurance Fraud Bureau
21.9% - Industry AVG
INSURANCE FRAUD BUREAU financials
Insurance Fraud Bureau's latest turnover from December 2023 is £7.4 million and the company has net assets of £4.5 million. According to their latest financial statements, Insurance Fraud Bureau has 9 employees and maintains cash reserves of £11.3 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,399,756 | 7,062,706 | 7,260,465 | 6,973,805 | 7,056,694 | 7,075,445 | 6,974,356 | 4,472,693 | 4,191,172 | 3,661,379 | 3,168,407 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Gross Profit | 7,399,756 | 7,062,706 | 7,260,465 | 6,973,805 | 7,056,694 | 7,075,445 | 6,974,356 | 4,472,693 | 4,191,172 | ||
| Admin Expenses | 7,450,865 | 6,613,846 | 7,377,501 | 6,162,267 | 6,310,493 | 6,402,032 | 6,381,202 | 4,705,548 | 3,755,529 | ||
| Operating Profit | -51,109 | 448,860 | -117,036 | 811,538 | 746,201 | 673,413 | 593,154 | -232,855 | 435,643 | 148,774 | 886,631 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 87,035 | 45 | 7 | 7,629 | 22,774 | 12,730 | 3,566 | 2,609 | 4,033 | 4,193 | 3,497 |
| Pre-Tax Profit | 35,926 | 448,905 | -117,029 | 819,167 | 768,975 | 686,143 | 596,720 | -230,246 | 439,676 | 152,967 | 890,128 |
| Tax | -18,637 | 0 | 0 | -1,450 | -4,327 | -2,419 | -686 | -522 | -807 | 1,927 | -3,465 |
| Profit After Tax | 17,289 | 448,905 | -117,029 | 817,717 | 764,648 | 683,724 | 596,034 | -230,768 | 438,869 | 154,894 | 886,663 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 17,289 | 448,905 | -117,029 | 817,717 | 764,648 | 683,724 | 596,034 | -230,768 | 438,869 | 154,894 | 886,663 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | 9 | 9 | 10 | 9 | |||||||
| EBITDA* | -51,109 | 455,833 | -102,798 | 828,448 | 772,057 | 700,913 | 615,690 | -227,173 | 445,200 | 145,014 | 921,647 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 6,973 | 21,211 | 38,121 | 65,241 | 62,735 | 40,925 | 10,713 | 18,480 | 38,319 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,114 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 6,973 | 21,211 | 38,121 | 65,241 | 62,735 | 40,925 | 10,713 | 18,480 | 5,205 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,416,947 | 7,136,461 | 7,134,356 | 7,410,514 | 3,998,914 | 2,187,527 | 5,627,894 | 3,553,799 | 1,570,080 | 1,239,343 | 1,449,129 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,113,797 | 570,806 | 527,458 | 387,096 | 321,596 | 415,557 | 623,338 | 217,587 | 201,156 | 110,988 | 94,828 |
| Cash | 11,275,063 | 5,944,954 | 4,391,140 | 4,471,846 | 6,929,131 | 7,302,880 | 3,162,475 | 4,599,933 | 3,976,873 | 4,542,404 | 3,481,844 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86,153 | 0 |
| total current assets | 14,805,807 | 13,652,221 | 12,052,954 | 12,269,456 | 11,249,641 | 9,905,964 | 9,413,707 | 8,371,319 | 5,748,109 | 5,978,888 | 5,025,801 |
| total assets | 14,805,807 | 13,652,221 | 12,059,927 | 12,290,667 | 11,287,762 | 9,971,205 | 9,476,442 | 8,412,244 | 5,758,822 | 5,997,368 | 5,031,006 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,084,938 | 778,412 | 424,242 | 492,007 | 293,272 | 386,550 | 506,046 | 308,985 | 534,359 | 302,181 | 255,872 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 757,907 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 9,259,923 | 8,430,152 | 7,640,933 | 7,653,540 | 7,336,004 | 7,055,239 | 6,366,797 | 6,853,601 | 3,744,037 | 4,653,630 | 3,885,006 |
| total current liabilities | 10,344,861 | 9,208,564 | 8,065,175 | 8,145,547 | 7,629,276 | 7,441,789 | 7,630,750 | 7,162,586 | 4,278,396 | 4,955,811 | 4,140,878 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 33,339 | 364,422 | 0 | 0 | 0 | 0 | 0 | 3,465 |
| total long term liabilities | 0 | 0 | 0 | 33,339 | 364,422 | 0 | 0 | 0 | 0 | 0 | 3,465 |
| total liabilities | 10,344,861 | 9,208,564 | 8,065,175 | 8,178,886 | 7,993,698 | 7,441,789 | 7,630,750 | 7,162,586 | 4,278,396 | 4,955,811 | 4,144,343 |
| net assets | 4,460,946 | 4,443,657 | 3,994,752 | 4,111,781 | 3,294,064 | 2,529,416 | 1,845,692 | 1,249,658 | 1,480,426 | 1,041,557 | 886,663 |
| total shareholders funds | 4,460,946 | 4,443,657 | 3,994,752 | 4,111,781 | 3,294,064 | 2,529,416 | 1,845,692 | 1,249,658 | 1,480,426 | 1,041,557 | 886,663 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -51,109 | 448,860 | -117,036 | 811,538 | 746,201 | 673,413 | 593,154 | -232,855 | 435,643 | 148,774 | 886,631 |
| Depreciation | 0 | 6,973 | 14,238 | 16,910 | 25,856 | 27,500 | 22,536 | 5,682 | 9,557 | 29,354 | 35,016 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,114 | 0 |
| Tax | -18,637 | 0 | 0 | -1,450 | -4,327 | -2,419 | -686 | -522 | -807 | 1,927 | -3,465 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,176,523 | 45,453 | -135,796 | 3,477,100 | 1,717,426 | -3,648,148 | 2,479,846 | 2,000,150 | 420,905 | -193,626 | 1,543,957 |
| Creditors | 306,526 | 354,170 | -67,765 | 198,735 | -93,278 | -119,496 | 197,061 | -225,374 | 232,178 | 46,309 | 255,872 |
| Accruals and Deferred Income | 829,771 | 789,219 | -12,607 | 317,536 | 280,765 | 688,442 | -486,804 | 3,109,564 | -909,593 | 768,624 | 3,885,006 |
| Deferred Taxes & Provisions | 0 | 0 | -33,339 | -331,083 | 364,422 | 0 | 0 | 0 | 0 | -3,465 | 3,465 |
| Cash flow from operations | 5,243,074 | 1,553,769 | -80,713 | -2,464,914 | -397,787 | 4,915,588 | -2,154,585 | 656,345 | -653,927 | 1,152,035 | 3,518,568 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -757,907 | 757,907 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | 87,035 | 45 | 7 | 7,629 | 22,774 | 12,730 | 3,566 | 2,609 | 4,033 | 4,193 | 3,497 |
| cash flow from financing | 87,035 | 45 | 7 | 7,629 | 22,774 | -745,177 | 761,473 | 2,609 | 4,033 | 4,193 | 3,497 |
| cash and cash equivalents | |||||||||||
| cash | 5,330,109 | 1,553,814 | -80,706 | -2,457,285 | -373,749 | 4,140,405 | -1,437,458 | 623,060 | -565,531 | 1,060,560 | 3,481,844 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,330,109 | 1,553,814 | -80,706 | -2,457,285 | -373,749 | 4,140,405 | -1,437,458 | 623,060 | -565,531 | 1,060,560 | 3,481,844 |
insurance fraud bureau Credit Report and Business Information
Insurance Fraud Bureau Competitor Analysis
Perform a competitor analysis for insurance fraud bureau by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in MK14 area or any other competitors across 12 key performance metrics.
insurance fraud bureau Ownership
INSURANCE FRAUD BUREAU group structure
Insurance Fraud Bureau has no subsidiary companies.
Ultimate parent company
INSURANCE FRAUD BUREAU
08203205
insurance fraud bureau directors
Insurance Fraud Bureau currently has 8 directors. The longest serving directors include Mr Karl Helgesen (Feb 2019) and Mrs Emma Hardaker (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Karl Helgesen | 52 years | Feb 2019 | - | Director | |
| Mrs Emma Hardaker | 50 years | May 2020 | - | Director | |
| Mr Stephen Shaw | 44 years | May 2021 | - | Director | |
| Mr Karl Parr | 57 years | Feb 2022 | - | Director | |
| Mr Rhodri Charles | 49 years | Feb 2022 | - | Director | |
| Mrs Mrs Jallow | United Kingdom | 50 years | Jan 2023 | - | Director |
| Mr Scott Clayton | 55 years | Nov 2023 | - | Director | |
| Miss Margaret Scott | England | 45 years | Jul 2024 | - | Director |
P&L
December 2023turnover
7.4m
+5%
operating profit
-51.1k
-111%
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
4.5m
0%
total assets
14.8m
+0.08%
cash
11.3m
+0.9%
net assets
Total assets minus all liabilities
insurance fraud bureau company details
company number
08203205
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
September 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
weightco 2012 (1) limited (January 2013)
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
6-12 capital drive, linford wood, milton keynes, buckinghamshire, MK14 6XT
Bank
-
Legal Advisor
-
insurance fraud bureau 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 insurance fraud bureau.
insurance fraud bureau 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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insurance fraud bureau Companies House Filings - See Documents
| date | description | view/download |
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