
Company Number
08883300
Next Accounts
Apr 2025
Shareholders
besso ltd
besso limited
Group Structure
View All
Industry
Non-life reinsurance
Registered Address
2 minster court mincing lane, london, EC3R 7PD
Website
www.besso.co.ukPomanda estimates the enterprise value of BESSO INTERNATIONAL (RE) LIMITED at £302.2k based on a Turnover of £392.5k and 0.77x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of BESSO INTERNATIONAL (RE) LIMITED at £0 based on an EBITDA of £-304.1k and a 9.81x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of BESSO INTERNATIONAL (RE) LIMITED at £2.9m based on Net Assets of £1.9m and 1.53x industry multiple (adjusted for liquidity).
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Besso International (re) Limited is a dissolved company that was located in london, EC3R 7PD with a Companies House number of 08883300. It operated in the non-life reinsurance sector, SIC Code 65202. Founded in February 2014, it's largest shareholder was besso ltd with a 75% stake. The last turnover for Besso International (re) Limited was estimated at £392.5k.
Pomanda's financial health check has awarded Besso International (Re) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
5 Weak
Size
annual sales of £392.5k, make it smaller than the average company (£1.2m)
£392.5k - Besso International (re) Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -50%, show it is growing at a slower rate (1.4%)
-50% - Besso International (re) Limited
1.4% - Industry AVG
Production
with a gross margin of 99.5%, this company has a comparable cost of product (100%)
99.5% - Besso International (re) Limited
100% - Industry AVG
Profitability
an operating margin of -148.7% make it less profitable than the average company (9.8%)
-148.7% - Besso International (re) Limited
9.8% - Industry AVG
Employees
with 4 employees, this is below the industry average (15)
4 - Besso International (re) Limited
15 - Industry AVG
Pay Structure
on an average salary of £110.4k, the company has an equivalent pay structure (£122.7k)
£110.4k - Besso International (re) Limited
£122.7k - Industry AVG
Efficiency
resulting in sales per employee of £98.1k, this is less efficient (£190k)
£98.1k - Besso International (re) Limited
£190k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Besso International (re) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Besso International (re) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Besso International (re) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Besso International (re) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.5%, this is a lower level of debt than the average (77.9%)
0.5% - Besso International (re) Limited
77.9% - Industry AVG
Besso International (Re) Limited's latest turnover from December 2020 is £392.5 thousand and the company has net assets of £1.9 million. According to their latest financial statements, Besso International (Re) Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
---|---|---|---|---|---|---|---|
Turnover | 392,451 | 2,333,758 | 3,405,714 | 3,110,514 | 3,183,666 | 2,644,878 | 1,906,000 |
Other Income Or Grants | |||||||
Cost Of Sales | |||||||
Gross Profit | |||||||
Admin Expenses | |||||||
Operating Profit | -583,749 | 1,060,787 | 1,890,718 | 1,699,556 | 1,941,221 | 2,184,705 | 1,475,668 |
Interest Payable | |||||||
Interest Receivable | 673 | 15,727 | 19,261 | 5,777 | 5,387 | 2,269 | 10,888 |
Pre-Tax Profit | -583,076 | 1,076,514 | 1,909,979 | 1,705,333 | 1,946,608 | 2,186,974 | 1,486,556 |
Tax | -373,444 | -31,289 | -109,579 | -162,953 | -3,750 | ||
Profit After Tax | -583,076 | 1,076,514 | 1,536,535 | 1,674,044 | 1,837,029 | 2,024,021 | 1,482,806 |
Dividends Paid | 500,000 | 6,250,000 | 250,000 | 150,000 | |||
Retained Profit | -583,076 | 576,514 | 1,536,535 | -4,575,956 | 1,837,029 | 1,774,021 | 1,332,806 |
Employee Costs | 441,457 | 620,080 | 895,915 | 715,883 | 705,942 | 171,675 | 155,614 |
Number Of Employees | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
EBITDA* | -304,080 | 1,340,457 | 2,170,388 | 1,909,308 | 1,941,221 | 2,184,705 | 1,475,668 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
---|---|---|---|---|---|---|---|
Tangible Assets | |||||||
Intangible Assets | 839,009 | 1,118,678 | 1,398,348 | 1,678,018 | 1,887,770 | 2,097,522 | 2,097,522 |
Investments & Other | |||||||
Debtors (Due After 1 year) | |||||||
Total Fixed Assets | 839,009 | 1,118,678 | 1,398,348 | 1,678,018 | 1,887,770 | 2,097,522 | 2,097,522 |
Stock & work in progress | |||||||
Trade Debtors | |||||||
Group Debtors | 1,068,964 | 1,740,815 | 884,631 | 3,279,831 | 1,177,358 | 1,336,656 | |
Misc Debtors | |||||||
Cash | |||||||
misc current assets | |||||||
total current assets | 1,068,964 | 1,740,815 | 884,631 | 3,279,831 | 1,177,358 | 1,336,656 | |
total assets | 1,907,973 | 2,859,493 | 2,282,979 | 1,678,018 | 5,167,601 | 3,274,880 | 3,434,178 |
Bank overdraft | |||||||
Bank loan | |||||||
Trade Creditors | |||||||
Group/Directors Accounts | 1,247,507 | 2,097,522 | |||||
other short term finances | |||||||
hp & lease commitments | |||||||
other current liabilities | 10,000 | 378,444 | 378,444 | 62,511 | 223,645 | 167,953 | 3,750 |
total current liabilities | 10,000 | 378,444 | 378,444 | 1,310,018 | 223,645 | 167,953 | 2,101,272 |
loans | |||||||
hp & lease commitments | |||||||
Accruals and Deferred Income | |||||||
other liabilities | |||||||
provisions | |||||||
total long term liabilities | |||||||
total liabilities | 10,000 | 378,444 | 378,444 | 1,310,018 | 223,645 | 167,953 | 2,101,272 |
net assets | 1,897,973 | 2,481,049 | 1,904,535 | 368,000 | 4,943,956 | 3,106,927 | 1,332,906 |
total shareholders funds | 1,897,973 | 2,481,049 | 1,904,535 | 368,000 | 4,943,956 | 3,106,927 | 1,332,906 |
Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | -583,749 | 1,060,787 | 1,890,718 | 1,699,556 | 1,941,221 | 2,184,705 | 1,475,668 |
Depreciation | |||||||
Amortisation | 279,669 | 279,670 | 279,670 | 209,752 | |||
Tax | -373,444 | -31,289 | -109,579 | -162,953 | -3,750 | ||
Stock | |||||||
Debtors | -671,851 | 856,184 | 884,631 | -3,279,831 | 2,102,473 | -159,298 | 1,336,656 |
Creditors | |||||||
Accruals and Deferred Income | -368,444 | 315,933 | -161,134 | 55,692 | 164,203 | 3,750 | |
Deferred Taxes & Provisions | |||||||
Cash flow from operations | -673 | 484,273 | 1,228,246 | 4,996,716 | -215,139 | 2,345,253 | 139,012 |
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | |||||||
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | |||||||
Group/Directors Accounts | -1,247,507 | 1,247,507 | -2,097,522 | 2,097,522 | |||
Other Short Term Loans | |||||||
Long term loans | |||||||
Hire Purchase and Lease Commitments | |||||||
other long term liabilities | |||||||
share issue | |||||||
interest | 673 | 15,727 | 19,261 | 5,777 | 5,387 | 2,269 | 10,888 |
cash flow from financing | 673 | 15,727 | -1,228,246 | 1,253,284 | 5,387 | -2,095,253 | 2,108,510 |
cash and cash equivalents | |||||||
cash | |||||||
overdraft | |||||||
change in cash |
Perform a competitor analysis for besso international (re) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in EC3R area or any other competitors across 12 key performance metrics.
BESSO INTERNATIONAL (RE) LIMITED group structure
Besso International (Re) Limited has no subsidiary companies.
Ultimate parent company
CANTOR FITZGERALD LP
#0049131
2 parents
BESSO INTERNATIONAL (RE) LIMITED
08883300
Besso International (Re) Limited currently has 2 directors. The longest serving directors include Mr Antonios Erotocritou (Aug 2022) and Mr Christopher Kent (Aug 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Antonios Erotocritou | England | 53 years | Aug 2022 | - | Director |
Mr Christopher Kent | England | 42 years | Aug 2022 | - | Director |
P&L
December 2020turnover
392.5k
-83%
operating profit
-583.7k
-155%
gross margin
99.5%
+1.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
1.9m
-0.24%
total assets
1.9m
-0.33%
cash
0
0%
net assets
Total assets minus all liabilities
company number
08883300
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2020
previous names
besso inter (re) limited (August 2014)
accountant
-
auditor
-
address
2 minster court mincing lane, london, EC3R 7PD
Bank
-
Legal Advisor
-
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 besso international (re) limited.
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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