insure telematics solutions limited
insure telematics solutions limited Company Information
Company Number
08798471
Next Accounts
519 days late
Shareholders
ernst jurgens els
lesley beckingham
View AllGroup Structure
View All
Industry
Other activities auxiliary to insurance and pension funding
Registered Address
suite 1d, widford business centr, 33 robjohns road, chelmsford, CM1 3AG
Website
www.insure-telematics.cominsure telematics solutions limited Estimated Valuation
Pomanda estimates the enterprise value of INSURE TELEMATICS SOLUTIONS LIMITED at £599.6k based on a Turnover of £679.3k and 0.88x industry multiple (adjusted for size and gross margin).
insure telematics solutions limited Estimated Valuation
Pomanda estimates the enterprise value of INSURE TELEMATICS SOLUTIONS LIMITED at £0 based on an EBITDA of £-132.2k and a 5.02x industry multiple (adjusted for size and gross margin).
insure telematics solutions limited Estimated Valuation
Pomanda estimates the enterprise value of INSURE TELEMATICS SOLUTIONS LIMITED at £0 based on Net Assets of £-206.9k and 2.18x industry multiple (adjusted for liquidity).
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Insure Telematics Solutions Limited Overview
Insure Telematics Solutions Limited is a live company located in chelmsford, CM1 3AG with a Companies House number of 08798471. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in December 2013, it's largest shareholder is ernst jurgens els with a 49.7% stake. Insure Telematics Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £679.3k with declining growth in recent years.
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Insure Telematics Solutions Limited Health Check
Pomanda's financial health check has awarded Insure Telematics Solutions Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £679.3k, make it smaller than the average company (£1.3m)
- Insure Telematics Solutions Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (4.2%)
- Insure Telematics Solutions Limited
4.2% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Insure Telematics Solutions Limited
100% - Industry AVG
Profitability
an operating margin of -47.7% make it less profitable than the average company (11%)
- Insure Telematics Solutions Limited
11% - Industry AVG
Employees
with 10 employees, this is similar to the industry average (8)
10 - Insure Telematics Solutions Limited
8 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- Insure Telematics Solutions Limited
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £67.9k, this is less efficient (£107.7k)
- Insure Telematics Solutions Limited
£107.7k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (53 days)
- Insure Telematics Solutions Limited
53 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Insure Telematics Solutions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Insure Telematics Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (46 weeks)
0 weeks - Insure Telematics Solutions Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.2%, this is a higher level of debt than the average (58.9%)
124.2% - Insure Telematics Solutions Limited
58.9% - Industry AVG
INSURE TELEMATICS SOLUTIONS LIMITED financials
Insure Telematics Solutions Limited's latest turnover from December 2021 is estimated at £679.3 thousand and the company has net assets of -£206.9 thousand. According to their latest financial statements, Insure Telematics Solutions Limited has 10 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 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 | 10 | 14 | 19 | 20 | 21 | 21 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,085 | 5,095 | 12,852 | 37,017 | 51,724 | 57,944 | 1,502 | |
| Intangible Assets | 569,086 | 548,781 | 621,649 | 380,423 | 231,446 | 202,625 | 78,036 | |
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 572,171 | 553,876 | 634,501 | 417,440 | 283,170 | 260,569 | 79,538 | |
| Stock & work in progress | 66,911 | 66,911 | 119,220 | 268,216 | 227,594 | 91,955 | 156,156 | |
| Trade Debtors | 24,141 | 113,917 | 62,574 | 100,247 | 300,615 | 427,759 | 1,734 | |
| Group Debtors | ||||||||
| Misc Debtors | 188,198 | 15,279 | 212,041 | |||||
| Cash | 3,102 | 13,907 | 52,088 | 69,565 | 58,321 | 16,767 | 21,898 | |
| misc current assets | 109,880 | 433 | ||||||
| total current assets | 282,352 | 210,014 | 445,923 | 704,158 | 586,530 | 536,481 | 180,221 | |
| total assets | 854,523 | 763,890 | 1,080,424 | 1,121,598 | 869,700 | 797,050 | 259,759 | |
| Bank overdraft | 10,800 | 50,000 | ||||||
| Bank loan | ||||||||
| Trade Creditors | 215,793 | 60,228 | 156,703 | 291,952 | 538,449 | 120,145 | 155,362 | |
| Group/Directors Accounts | 684,354 | 320,000 | ||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 117,150 | 213,342 | 81,255 | |||||
| total current liabilities | 1,028,097 | 643,570 | 237,958 | 291,952 | 538,449 | 120,145 | 155,362 | |
| loans | 33,367 | 183,273 | 75,000 | |||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 37,625 | |||||||
| other liabilities | 3,750,000 | 1,165,908 | ||||||
| provisions | ||||||||
| total long term liabilities | 33,367 | 183,273 | 3,821,439 | 1,165,908 | 112,625 | |||
| total liabilities | 1,061,464 | 643,570 | 421,231 | 4,113,391 | 1,704,357 | 120,145 | 267,987 | |
| net assets | -206,941 | 120,320 | 659,193 | -2,991,793 | -834,657 | 676,905 | -8,228 | |
| total shareholders funds | -206,941 | 120,320 | 659,193 | -2,991,793 | -834,657 | 676,905 | -8,228 |
| Dec 2021 | Dec 2020 | Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 2,485 | 9,292 | 26,408 | 6,585 | 146 | |||
| Amortisation | 189,695 | 173,866 | 123,344 | 61,568 | 27,440 | |||
| Tax | ||||||||
| Stock | -52,309 | -148,996 | 40,622 | 135,639 | -64,201 | 156,156 | ||
| Debtors | 83,143 | -145,419 | -91,762 | 65,762 | -127,144 | 426,025 | 1,734 | |
| Creditors | 155,565 | -96,475 | -135,249 | -246,497 | 418,304 | -35,217 | 155,362 | |
| Accruals and Deferred Income | -96,192 | 132,087 | 81,255 | -37,625 | 37,625 | |||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 364,354 | 320,000 | ||||||
| Other Short Term Loans | ||||||||
| Long term loans | 33,367 | -183,273 | 183,273 | -75,000 | 75,000 | |||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -3,750,000 | 2,584,092 | 1,165,908 | |||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -10,805 | -38,181 | -17,477 | 11,244 | 41,554 | -5,131 | 21,898 | |
| overdraft | -39,200 | 50,000 | ||||||
| change in cash | 28,395 | -88,181 | -17,477 | 11,244 | 41,554 | -5,131 | 21,898 |
insure telematics solutions limited Credit Report and Business Information
Insure Telematics Solutions Limited Competitor Analysis
Perform a competitor analysis for insure telematics solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CM1 area or any other competitors across 12 key performance metrics.
insure telematics solutions limited Ownership
INSURE TELEMATICS SOLUTIONS LIMITED group structure
Insure Telematics Solutions Limited has 1 subsidiary company.
Ultimate parent company
1 parent
INSURE TELEMATICS SOLUTIONS LIMITED
08798471
1 subsidiary
insure telematics solutions limited directors
Insure Telematics Solutions Limited currently has 2 directors. The longest serving directors include Mr Brian Hallett (May 2020) and Mr Brian Hallett (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Hallett | United Kingdom | 71 years | May 2020 | - | Director |
| Mr Brian Hallett | England | 71 years | May 2020 | - | Director |
P&L
December 2021turnover
679.3k
-39%
operating profit
-324.3k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-206.9k
-2.72%
total assets
854.5k
+0.12%
cash
3.1k
-0.78%
net assets
Total assets minus all liabilities
insure telematics solutions limited company details
company number
08798471
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
December 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
crossco (1349) limited (January 2014)
accountant
NAKED ACCCOUNTING
auditor
-
address
suite 1d, widford business centr, 33 robjohns road, chelmsford, CM1 3AG
Bank
-
Legal Advisor
-
insure telematics solutions 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 found 1 charges/mortgages relating to insure telematics solutions limited. Currently there are 0 open charges and 1 have been satisfied in the past.
insure telematics solutions 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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insure telematics solutions limited Companies House Filings - See Documents
| date | description | view/download |
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