cornerstone insurance brokers limited
cornerstone insurance brokers limited Company Information
Company Number
08411560
Website
www.csib.orgRegistered Address
150 minories, london, EC3N 1LS
Industry
Non-life insurance
Telephone
02074813636
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
patricia hannam (in trust) 90%
andrew charles herbert 10%
cornerstone insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE INSURANCE BROKERS LIMITED at £2.3k based on a Turnover of £5.1k and 0.46x industry multiple (adjusted for size and gross margin).
cornerstone insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE INSURANCE BROKERS LIMITED at £0 based on an EBITDA of £-4.6k and a 6.74x industry multiple (adjusted for size and gross margin).
cornerstone insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE INSURANCE BROKERS LIMITED at £0 based on Net Assets of £-38.5k and 1.42x industry multiple (adjusted for liquidity).
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Cornerstone Insurance Brokers Limited Overview
Cornerstone Insurance Brokers Limited is a live company located in london, EC3N 1LS with a Companies House number of 08411560. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 2013, it's largest shareholder is patricia hannam (in trust) with a 90% stake. Cornerstone Insurance Brokers Limited is a established, micro sized company, Pomanda has estimated its turnover at £5.1k with declining growth in recent years.
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Cornerstone Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Cornerstone Insurance Brokers Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £5.1k, make it smaller than the average company (£1.9m)
- Cornerstone Insurance Brokers Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4.2%)
- Cornerstone Insurance Brokers Limited
4.2% - Industry AVG
Production
with a gross margin of 65.8%, this company has a higher cost of product (97.4%)
- Cornerstone Insurance Brokers Limited
97.4% - Industry AVG
Profitability
an operating margin of -89.9% make it less profitable than the average company (17.4%)
- Cornerstone Insurance Brokers Limited
17.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (31)
- Cornerstone Insurance Brokers Limited
31 - Industry AVG
Pay Structure
on an average salary of £60.4k, the company has an equivalent pay structure (£60.4k)
- Cornerstone Insurance Brokers Limited
£60.4k - Industry AVG
Efficiency
resulting in sales per employee of £5.1k, this is less efficient (£154.6k)
- Cornerstone Insurance Brokers Limited
£154.6k - Industry AVG
Debtor Days
it gets paid by customers after 289 days, this is later than average (236 days)
- Cornerstone Insurance Brokers Limited
236 days - Industry AVG
Creditor Days
its suppliers are paid after 8871 days, this is slower than average (273 days)
- Cornerstone Insurance Brokers Limited
273 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cornerstone Insurance Brokers Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cornerstone Insurance Brokers Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1049.2%, this is a higher level of debt than the average (83.5%)
1049.2% - Cornerstone Insurance Brokers Limited
83.5% - Industry AVG
CORNERSTONE INSURANCE BROKERS LIMITED financials
Cornerstone Insurance Brokers Limited's latest turnover from December 2022 is estimated at £5.1 thousand and the company has net assets of -£38.5 thousand. According to their latest financial statements, we estimate that Cornerstone Insurance Brokers Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 45,569 | 4,535 | 3,340 | |||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | |||||||
| Pre-Tax Profit | 5,982 | -11,106 | 1,092 | |||||||
| Tax | 0 | 0 | 0 | |||||||
| Profit After Tax | 5,982 | -11,106 | 1,092 | |||||||
| Dividends Paid | 0 | 0 | 0 | |||||||
| Retained Profit | 5,982 | -11,106 | 1,092 | |||||||
| Employee Costs | ||||||||||
| Number Of Employees | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 1,840 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 1,840 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,051 | 6,214 | 12,608 | 5,047 | 3,393 | 491 | 540 | 684 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,656 | 1,936 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,051 | 6,214 | 12,608 | 5,047 | 3,393 | 491 | 540 | 684 | 1,656 | 1,936 |
| total assets | 4,051 | 6,214 | 12,608 | 5,047 | 3,393 | 491 | 540 | 684 | 1,756 | 3,776 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 42,503 | 40,072 | 48,292 | 46,359 | 50,152 | 51,526 | 54,241 | 47,817 | 49,981 | 40,846 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 42,503 | 40,072 | 48,292 | 46,359 | 50,152 | 51,526 | 54,241 | 47,817 | 49,981 | 40,846 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 1,549 | 0 | 1,222 | 4,538 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 1,549 | 0 | 1,222 | 4,538 | 0 | 0 | 0 |
| total liabilities | 42,503 | 40,072 | 48,292 | 47,908 | 50,152 | 52,748 | 58,779 | 47,817 | 49,981 | 40,846 |
| net assets | -38,452 | -33,858 | -35,684 | -42,861 | -46,759 | -52,257 | -58,239 | -47,133 | -48,225 | -37,070 |
| total shareholders funds | -38,452 | -33,858 | -35,684 | -42,861 | -46,759 | -52,257 | -58,239 | -47,133 | -48,225 | -37,070 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,163 | -6,394 | 7,561 | 1,654 | 2,902 | -49 | -144 | 584 | -1,740 | 1,840 |
| Creditors | 2,431 | -8,220 | 1,933 | -3,793 | -1,374 | -2,715 | 6,424 | -2,164 | 9,135 | 40,846 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | -1,549 | 1,549 | -1,222 | -3,316 | 4,538 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | |||||||
| cash flow from financing | -3,316 | 4,538 | 0 | |||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,656 | -280 | 1,936 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,656 | -280 | 1,936 |
cornerstone insurance brokers limited Credit Report and Business Information
Cornerstone Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for cornerstone insurance brokers limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cornerstone insurance brokers limited Ownership
CORNERSTONE INSURANCE BROKERS LIMITED group structure
Cornerstone Insurance Brokers Limited has no subsidiary companies.
Ultimate parent company
CORNERSTONE INSURANCE BROKERS LIMITED
08411560
cornerstone insurance brokers limited directors
Cornerstone Insurance Brokers Limited currently has 3 directors. The longest serving directors include Mr Andrew Herbert (Feb 2013) and Mr Nicholas Readings (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Herbert | United Kingdom | 61 years | Feb 2013 | - | Director |
| Mr Nicholas Readings | 72 years | Feb 2013 | - | Director | |
| Mrs Patricia Hannam | England | 69 years | Sep 2018 | - | Director |
P&L
December 2022turnover
5.1k
-36%
operating profit
-4.6k
0%
gross margin
65.8%
+0.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-38.5k
+0.14%
total assets
4.1k
-0.35%
cash
0
0%
net assets
Total assets minus all liabilities
cornerstone insurance brokers limited company details
company number
08411560
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
February 2013
age
11
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
150 minories, london, EC3N 1LS
last accounts submitted
December 2022
cornerstone insurance 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 cornerstone insurance brokers limited.
cornerstone insurance brokers limited Companies House Filings - See Documents
| date | description | view/download |
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