frontier insurance solutions ltd
frontier insurance solutions ltd Company Information
Company Number
08431654
Website
www.now4cover.comRegistered Address
3rd floor, 114a emperor's gate, cromwell road, london, SW7 4AG
Industry
Activities of insurance agents and brokers
Telephone
01474335941
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
now4cover holdings ltd 100%
frontier insurance solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of FRONTIER INSURANCE SOLUTIONS LTD at £2.5m based on a Turnover of £1.7m and 1.46x industry multiple (adjusted for size and gross margin).
frontier insurance solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of FRONTIER INSURANCE SOLUTIONS LTD at £2.8m based on an EBITDA of £463.3k and a 5.95x industry multiple (adjusted for size and gross margin).
frontier insurance solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of FRONTIER INSURANCE SOLUTIONS LTD at £0 based on Net Assets of £-647k and 1.67x industry multiple (adjusted for liquidity).
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Frontier Insurance Solutions Ltd Overview
Frontier Insurance Solutions Ltd is a live company located in london, SW7 4AG with a Companies House number of 08431654. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in March 2013, it's largest shareholder is now4cover holdings ltd with a 100% stake. Frontier Insurance Solutions Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.7m with high growth in recent years.
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Frontier Insurance Solutions Ltd Health Check
Pomanda's financial health check has awarded Frontier Insurance Solutions Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£3m)
- Frontier Insurance Solutions Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.3%)
- Frontier Insurance Solutions Ltd
5.3% - Industry AVG
Production
with a gross margin of 93.3%, this company has a comparable cost of product (93.3%)
- Frontier Insurance Solutions Ltd
93.3% - Industry AVG
Profitability
an operating margin of 26.2% make it more profitable than the average company (18.6%)
- Frontier Insurance Solutions Ltd
18.6% - Industry AVG
Employees
with 11 employees, this is below the industry average (21)
11 - Frontier Insurance Solutions Ltd
21 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has an equivalent pay structure (£49.6k)
- Frontier Insurance Solutions Ltd
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £155.9k, this is more efficient (£114.6k)
- Frontier Insurance Solutions Ltd
£114.6k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (73 days)
- Frontier Insurance Solutions Ltd
73 days - Industry AVG
Creditor Days
its suppliers are paid after 134 days, this is slower than average (105 days)
- Frontier Insurance Solutions Ltd
105 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Frontier Insurance Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (35 weeks)
47 weeks - Frontier Insurance Solutions Ltd
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 136.8%, this is a higher level of debt than the average (61.9%)
136.8% - Frontier Insurance Solutions Ltd
61.9% - Industry AVG
FRONTIER INSURANCE SOLUTIONS LTD financials
Frontier Insurance Solutions Ltd's latest turnover from December 2022 is estimated at £1.7 million and the company has net assets of -£647 thousand. According to their latest financial statements, Frontier Insurance Solutions Ltd has 11 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 11 | 8 | 7 | 7 | 6 | 6 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 15,850 | 44,854 | 73,858 | 116,592 | 146,863 | 146,863 | 30,744 | 697 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 15,850 | 44,854 | 73,858 | 116,592 | 146,863 | 146,863 | 30,744 | 697 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 587,659 | 346,133 | 195,986 | 214,715 | 104,686 | 14,263 | 7,728 | 7,832 | 20,400 |
| Group Debtors | 104,090 | 104,090 | 104,090 | 90,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 48,017 | 60,693 | 62,672 | 42,555 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,019,669 | 519,490 | 240,152 | 255,059 | 237,851 | 0 | 16,638 | 31,910 | 29,481 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 13,538 | 0 | 0 | 0 |
| total current assets | 1,759,435 | 1,030,406 | 602,900 | 602,329 | 342,537 | 27,801 | 24,366 | 39,742 | 49,881 |
| total assets | 1,759,435 | 1,046,256 | 647,754 | 676,187 | 459,129 | 174,664 | 171,229 | 70,486 | 50,578 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 42,123 | 13,793 | 11,958 | 12,095 | 317,000 | 28,918 | 17,555 | 6,352 | 103,879 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,068,134 | 626,209 | 338,286 | 350,567 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,110,257 | 640,002 | 350,244 | 362,662 | 317,000 | 28,918 | 17,555 | 6,352 | 103,879 |
| loans | 1,207,383 | 1,412,426 | 1,283,137 | 1,026,133 | 0 | 0 | 422,062 | 184,697 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 55,000 | 55,000 | 55,000 | 100,000 | 846,151 | 718,221 | 0 | 0 | 0 |
| provisions | 33,775 | 68,972 | 60,387 | 16,512 | 30,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,296,158 | 1,536,398 | 1,398,524 | 1,142,645 | 876,151 | 718,221 | 422,062 | 184,697 | 0 |
| total liabilities | 2,406,415 | 2,176,400 | 1,748,768 | 1,505,307 | 1,193,151 | 747,139 | 439,617 | 191,049 | 103,879 |
| net assets | -646,980 | -1,130,144 | -1,101,014 | -829,120 | -734,022 | -572,475 | -268,388 | -120,563 | -53,301 |
| total shareholders funds | -646,980 | -1,130,144 | -1,101,014 | -829,120 | -734,022 | -572,475 | -268,388 | -120,563 | -53,301 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 14,920 | 29,004 | 29,004 | 43,805 | 30,271 | 0 | 1,392 | 1,535 | 233 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 228,850 | 148,168 | 15,478 | 242,584 | 90,423 | 6,535 | -104 | -12,568 | 20,400 |
| Creditors | 28,330 | 1,835 | -137 | -304,905 | 288,082 | 11,363 | 11,203 | -97,527 | 103,879 |
| Accruals and Deferred Income | 441,925 | 287,923 | -12,281 | 350,567 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -35,197 | 8,585 | 43,875 | -13,488 | 30,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -205,043 | 129,289 | 257,004 | 1,026,133 | 0 | -422,062 | 237,365 | 184,697 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -45,000 | -746,151 | 127,930 | 718,221 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 500,179 | 279,338 | -14,907 | 17,208 | 237,851 | -16,638 | -15,272 | 2,429 | 29,481 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 500,179 | 279,338 | -14,907 | 17,208 | 237,851 | -16,638 | -15,272 | 2,429 | 29,481 |
frontier insurance solutions ltd Credit Report and Business Information
Frontier Insurance Solutions Ltd Competitor Analysis
Perform a competitor analysis for frontier insurance solutions ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SW7 area or any other competitors across 12 key performance metrics.
frontier insurance solutions ltd Ownership
FRONTIER INSURANCE SOLUTIONS LTD group structure
Frontier Insurance Solutions Ltd has no subsidiary companies.
Ultimate parent company
1 parent
FRONTIER INSURANCE SOLUTIONS LTD
08431654
frontier insurance solutions ltd directors
Frontier Insurance Solutions Ltd currently has 3 directors. The longest serving directors include Mrs Diane Muzio (Mar 2013) and Mrs Amanda Matthews (May 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Diane Muzio | 47 years | Mar 2013 | - | Director | |
| Mrs Amanda Matthews | 58 years | May 2013 | - | Director | |
| Mr Michael Muzio | 54 years | Oct 2013 | - | Director |
P&L
December 2022turnover
1.7m
+61%
operating profit
448.4k
0%
gross margin
93.4%
+4.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-647k
-0.43%
total assets
1.8m
+0.68%
cash
1m
+0.96%
net assets
Total assets minus all liabilities
frontier insurance solutions ltd company details
company number
08431654
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
March 2013
age
11
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
now4cover limited (February 2022)
last accounts submitted
December 2022
address
3rd floor, 114a emperor's gate, cromwell road, london, SW7 4AG
accountant
BRIGHT GRAHAME MURRAY
auditor
-
frontier insurance solutions ltd 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 frontier insurance solutions ltd.
frontier insurance solutions ltd Companies House Filings - See Documents
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