besso international (re) limited

Dissolved 

besso international (re) limited Company Information

Share BESSO INTERNATIONAL (RE) LIMITED

Company Number

08883300

Shareholders

besso ltd

besso limited

Group Structure

View All

Industry

Non-life reinsurance

 

Registered Address

2 minster court mincing lane, london, EC3R 7PD

besso international (re) limited Estimated Valuation

£302.2k

Pomanda 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).

besso international (re) limited Estimated Valuation

£0

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).

besso international (re) limited Estimated Valuation

£2.9m

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 Overview

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.

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Besso International (re) Limited Health Check

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

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

5 Weak

size

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

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

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

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

Employees

with 4 employees, this is below the industry average (15)

4 - Besso International (re) Limited

15 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £98.1k, this is less efficient (£190k)

£98.1k - Besso International (re) Limited

£190k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Besso International (re) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Besso International (re) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Besso International (re) Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Besso International (re) Limited

- - Industry AVG

debtlevel

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 financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Turnover392,4512,333,7583,405,7143,110,5143,183,6662,644,8781,906,000
Other Income Or Grants
Cost Of Sales2,08357,3136,15364,89378,75473,804
Gross Profit390,3682,276,4453,399,5613,110,5143,118,7732,566,1241,832,196
Admin Expenses974,1171,215,6581,508,8431,410,9581,177,552381,419356,528
Operating Profit-583,7491,060,7871,890,7181,699,5561,941,2212,184,7051,475,668
Interest Payable
Interest Receivable67315,72719,2615,7775,3872,26910,888
Pre-Tax Profit-583,0761,076,5141,909,9791,705,3331,946,6082,186,9741,486,556
Tax-373,444-31,289-109,579-162,953-3,750
Profit After Tax-583,0761,076,5141,536,5351,674,0441,837,0292,024,0211,482,806
Dividends Paid500,0006,250,000250,000150,000
Retained Profit-583,076576,5141,536,535-4,575,9561,837,0291,774,0211,332,806
Employee Costs441,457620,080895,915715,883705,942171,675155,614
Number Of Employees4444433
EBITDA*-304,0801,340,4572,170,3881,909,3081,941,2212,184,7051,475,668

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Tangible Assets
Intangible Assets839,0091,118,6781,398,3481,678,0181,887,7702,097,5222,097,522
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets839,0091,118,6781,398,3481,678,0181,887,7702,097,5222,097,522
Stock & work in progress
Trade Debtors
Group Debtors1,068,9641,740,815884,6313,279,8311,177,3581,336,656
Misc Debtors
Cash
misc current assets
total current assets1,068,9641,740,815884,6313,279,8311,177,3581,336,656
total assets1,907,9732,859,4932,282,9791,678,0185,167,6013,274,8803,434,178
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts1,247,5072,097,522
other short term finances
hp & lease commitments
other current liabilities10,000378,444378,44462,511223,645167,9533,750
total current liabilities10,000378,444378,4441,310,018223,645167,9532,101,272
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities10,000378,444378,4441,310,018223,645167,9532,101,272
net assets1,897,9732,481,0491,904,535368,0004,943,9563,106,9271,332,906
total shareholders funds1,897,9732,481,0491,904,535368,0004,943,9563,106,9271,332,906
Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Operating Activities
Operating Profit-583,7491,060,7871,890,7181,699,5561,941,2212,184,7051,475,668
Depreciation
Amortisation279,669279,670279,670209,752
Tax-373,444-31,289-109,579-162,953-3,750
Stock
Debtors-671,851856,184884,631-3,279,8312,102,473-159,2981,336,656
Creditors
Accruals and Deferred Income-368,444315,933-161,13455,692164,2033,750
Deferred Taxes & Provisions
Cash flow from operations-673484,2731,228,2464,996,716-215,1392,345,253139,012
Investing Activities
capital expenditure209,752-2,097,522
Change in Investments
cash flow from investments209,752-2,097,522
Financing Activities
Bank loans
Group/Directors Accounts-1,247,5071,247,507-2,097,5222,097,522
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue100
interest67315,72719,2615,7775,3872,26910,888
cash flow from financing67315,727-1,228,2461,253,2845,387-2,095,2532,108,510
cash and cash equivalents
cash
overdraft
change in cash

besso international (re) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Besso International (re) Limited Competitor Analysis

competitor_analysis_table_img

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 Ownership

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 Shareholders

besso ltd 75.01%
besso limited 24.99%

besso international (re) limited directors

Besso International (Re) Limited currently has 2 directors. The longest serving directors include Mr Antonios Erotocritou (Aug 2022) and Mr Christopher Kent (Aug 2022).

officercountryagestartendrole
Mr Antonios ErotocritouEngland53 years Aug 2022- Director
Mr Christopher KentEngland42 years Aug 2022- Director

P&L

December 2020

turnover

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 2020

net assets

1.9m

-0.24%

total assets

1.9m

-0.33%

cash

0

0%

net assets

Total assets minus all liabilities

besso international (re) limited company details

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

CANTOR FITZGERALD LP

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

-

besso international (re) 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 besso international (re) limited.

besso international (re) 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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besso international (re) limited Companies House Filings - See Documents

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