sure thing insurance services ltd
sure thing insurance services ltd Company Information
Company Number
08553997
Next Accounts
1168 days late
Shareholders
iceberg (uk) holdings ltd
Group Structure
View All
Industry
Dormant Company
Registered Address
110 bishopsgate, london, EC2N 4AY
Website
www.surething.co.uksure thing insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of SURE THING INSURANCE SERVICES LTD at £0 based on a Turnover of £5.9m and 0x industry multiple (adjusted for size and gross margin).
sure thing insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of SURE THING INSURANCE SERVICES LTD at £79m based on an EBITDA of £27.5m and a 2.87x industry multiple (adjusted for size and gross margin).
sure thing insurance services ltd Estimated Valuation
Pomanda estimates the enterprise value of SURE THING INSURANCE SERVICES LTD at £39.4k based on Net Assets of £73k and 0.54x industry multiple (adjusted for liquidity).
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Sure Thing Insurance Services Ltd Overview
Sure Thing Insurance Services Ltd is a live company located in london, EC2N 4AY with a Companies House number of 08553997. It operates in the dormant company sector, SIC Code 99999. Founded in June 2013, it's largest shareholder is iceberg (uk) holdings ltd with a 100% stake. Sure Thing Insurance Services Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.9m with declining growth in recent years.
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Sure Thing Insurance Services Ltd Health Check
Pomanda's financial health check has awarded Sure Thing Insurance Services Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
2 Weak
Size
annual sales of £5.9m, make it larger than the average company (£3.3m)
£5.9m - Sure Thing Insurance Services Ltd
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (2.8%)
-7% - Sure Thing Insurance Services Ltd
2.8% - Industry AVG
Production
with a gross margin of 56.7%, this company has a lower cost of product (32%)
56.7% - Sure Thing Insurance Services Ltd
32% - Industry AVG
Profitability
an operating margin of 468.9% make it more profitable than the average company (4%)
468.9% - Sure Thing Insurance Services Ltd
4% - Industry AVG
Employees
with 88 employees, this is above the industry average (47)
88 - Sure Thing Insurance Services Ltd
47 - Industry AVG
Pay Structure
on an average salary of £20.4k, the company has a lower pay structure (£34.2k)
£20.4k - Sure Thing Insurance Services Ltd
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £66.6k, this is less efficient (£135.4k)
£66.6k - Sure Thing Insurance Services Ltd
£135.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Sure Thing Insurance Services Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Sure Thing Insurance Services Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sure Thing Insurance Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sure Thing Insurance Services Ltd
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Sure Thing Insurance Services Ltd
- - Industry AVG
SURE THING INSURANCE SERVICES LTD financials
Sure Thing Insurance Services Ltd's latest turnover from March 2020 is £5.9 million and the company has net assets of £73 thousand. According to their latest financial statements, Sure Thing Insurance Services Ltd has 88 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|
| Turnover | 5,864,000 | 6,362,000 | 6,669,000 | 7,334,000 | 4,775,000 | 1,042,000 | |
| Other Income Or Grants | |||||||
| Cost Of Sales | 2,538,000 | 7,524,000 | 7,568,000 | 8,115,000 | 8,986,000 | 8,397,000 | |
| Gross Profit | 3,326,000 | -1,162,000 | -899,000 | -781,000 | -4,211,000 | -7,355,000 | |
| Admin Expenses | -24,172,000 | -1,051,000 | 962,000 | 1,036,000 | 807,000 | 1,218,000 | |
| Operating Profit | 27,498,000 | -111,000 | -1,861,000 | -1,817,000 | -5,018,000 | -8,573,000 | |
| Interest Payable | 748,000 | 2,018,000 | 1,842,000 | 1,483,000 | 2,590,000 | 912,000 | |
| Interest Receivable | |||||||
| Pre-Tax Profit | 26,750,000 | -2,129,000 | -3,703,000 | -3,300,000 | -7,608,000 | -9,485,000 | |
| Tax | 39,000 | 296,000 | -184,000 | 305,000 | 441,000 | ||
| Profit After Tax | 26,750,000 | -2,090,000 | -3,407,000 | -3,484,000 | -7,303,000 | -9,044,000 | |
| Dividends Paid | |||||||
| Retained Profit | 26,750,000 | -2,090,000 | -3,407,000 | -3,484,000 | -7,303,000 | -9,044,000 | |
| Employee Costs | 1,791,000 | 2,558,000 | 3,135,000 | 3,224,000 | 3,038,000 | 2,331,000 | |
| Number Of Employees | 88 | 78 | 83 | 88 | 85 | 60 | |
| EBITDA* | 27,540,000 | -29,000 | -1,750,000 | -1,678,000 | -4,857,000 | -8,418,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 71,000 | 111,000 | 145,000 | 214,000 | 286,000 | ||
| Intangible Assets | 74,000 | 97,000 | 146,000 | 109,000 | 88,000 | ||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 145,000 | 208,000 | 291,000 | 323,000 | 374,000 | ||
| Stock & work in progress | 2,000 | 2,000 | 5,000 | 7,000 | 3,000 | ||
| Trade Debtors | 3,404,000 | 2,328,000 | 1,962,000 | 2,093,000 | 1,415,000 | ||
| Group Debtors | 73,000 | 88,000 | |||||
| Misc Debtors | 576,000 | 711,000 | 1,004,000 | 956,000 | 620,000 | ||
| Cash | 2,058,000 | 1,643,000 | 806,000 | 188,000 | 855,000 | ||
| misc current assets | |||||||
| total current assets | 73,000 | 6,040,000 | 4,684,000 | 3,865,000 | 3,244,000 | 2,893,000 | |
| total assets | 73,000 | 6,185,000 | 4,892,000 | 4,156,000 | 3,567,000 | 3,267,000 | |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 5,662,000 | 4,291,000 | 3,520,000 | 2,966,000 | 2,931,000 | ||
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 437,000 | 942,000 | 1,765,000 | 2,468,000 | 723,000 | ||
| total current liabilities | 6,099,000 | 5,233,000 | 5,285,000 | 5,434,000 | 3,654,000 | ||
| loans | 26,218,000 | 22,735,000 | 19,108,000 | 14,898,000 | 9,465,000 | ||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 589,000 | ||||||
| provisions | 618,000 | 995,000 | 1,017,000 | 1,004,000 | 614,000 | ||
| total long term liabilities | 26,836,000 | 24,319,000 | 20,125,000 | 15,902,000 | 10,079,000 | ||
| total liabilities | 32,935,000 | 29,552,000 | 25,410,000 | 21,336,000 | 13,733,000 | ||
| net assets | 73,000 | -26,750,000 | -24,660,000 | -21,254,000 | -17,769,000 | -10,466,000 | |
| total shareholders funds | 73,000 | -26,750,000 | -24,660,000 | -21,254,000 | -17,769,000 | -10,466,000 |
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 27,498,000 | -111,000 | -1,861,000 | -1,817,000 | -5,018,000 | -8,573,000 | |
| Depreciation | 20,000 | 47,000 | 62,000 | 72,000 | 102,000 | 119,000 | |
| Amortisation | 22,000 | 35,000 | 49,000 | 67,000 | 59,000 | 36,000 | |
| Tax | 39,000 | 296,000 | -184,000 | 305,000 | 441,000 | ||
| Stock | -2,000 | -3,000 | -2,000 | 4,000 | 3,000 | ||
| Debtors | -3,907,000 | 941,000 | -15,000 | 5,000 | 1,014,000 | 2,035,000 | |
| Creditors | -5,662,000 | 1,371,000 | 771,000 | 554,000 | 35,000 | 2,931,000 | |
| Accruals and Deferred Income | -437,000 | -505,000 | -823,000 | -703,000 | 1,745,000 | 723,000 | |
| Deferred Taxes & Provisions | -618,000 | -377,000 | -22,000 | 13,000 | 390,000 | 614,000 | |
| Cash flow from operations | 24,732,000 | -442,000 | -1,510,000 | -2,001,000 | -3,400,000 | -5,747,000 | |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | -26,218,000 | 3,483,000 | 3,627,000 | 4,210,000 | 5,433,000 | 9,465,000 | |
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -589,000 | 589,000 | |||||
| share issue | |||||||
| interest | -748,000 | -2,018,000 | -1,842,000 | -1,483,000 | -2,590,000 | -912,000 | |
| cash flow from financing | -26,893,000 | 876,000 | 2,375,000 | 2,726,000 | 2,843,000 | 7,131,000 | |
| cash and cash equivalents | |||||||
| cash | -2,058,000 | 415,000 | 837,000 | 618,000 | -667,000 | 855,000 | |
| overdraft | |||||||
| change in cash | -2,058,000 | 415,000 | 837,000 | 618,000 | -667,000 | 855,000 |
sure thing insurance services ltd Credit Report and Business Information
Sure Thing Insurance Services Ltd Competitor Analysis
Perform a competitor analysis for sure thing insurance services ltd by selecting its closest rivals, whether from the ACTIVITIES OF EXTRATERRITORIAL ORGANISATIONS AND BODIES sector, other mid companies, companies in EC2N area or any other competitors across 12 key performance metrics.
sure thing insurance services ltd Ownership
SURE THING INSURANCE SERVICES LTD group structure
Sure Thing Insurance Services Ltd has no subsidiary companies.
Ultimate parent company
PLATINUM IVY B 2018 RSC LTD
#0169104
2 parents
SURE THING INSURANCE SERVICES LTD
08553997
sure thing insurance services ltd directors
Sure Thing Insurance Services Ltd currently has 4 directors. The longest serving directors include Mr Antony Deacon (Jul 2019) and Mr Paul Gildersleeves (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Deacon | England | 61 years | Jul 2019 | - | Director |
| Mr Paul Gildersleeves | England | 64 years | Jul 2019 | - | Director |
| Mr Stephen Hardy | England | 61 years | Mar 2022 | - | Director |
| Mr Kevin Chidwick | England | 61 years | Jul 2022 | - | Director |
P&L
March 2020turnover
5.9m
-8%
operating profit
27.5m
-24873%
gross margin
56.8%
-410.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
73k
-1%
total assets
73k
-0.99%
cash
0
-1%
net assets
Total assets minus all liabilities
sure thing insurance services ltd company details
company number
08553997
Type
Private limited with Share Capital
industry
99999 - Dormant Company
incorporation date
June 2013
age
12
incorporated
UK
ultimate parent company
accounts
Filing Exemption Subsidiary
last accounts submitted
March 2024
previous names
iceberg 2013 services limited (January 2014)
accountant
-
auditor
-
address
110 bishopsgate, london, EC2N 4AY
Bank
BARCLAYS BANK PLC
Legal Advisor
-
sure thing insurance services 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 sure thing insurance services ltd.
sure thing insurance services ltd 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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sure thing insurance services ltd Companies House Filings - See Documents
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