aspen european holdings limited

aspen european holdings limited Company Information

Share ASPEN EUROPEAN HOLDINGS LIMITED
Live 
EstablishedMega

Company Number

09172494

Industry

Non-life reinsurance

 

Non-life insurance

 

Directors

David Amaro

David Amaro

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Shareholders

aspen insurance holdings limited

Group Structure

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Contact

Registered Address

30 fenchurch street, london, EC3M 3BD

aspen european holdings limited Estimated Valuation

£229m

Pomanda estimates the enterprise value of ASPEN EUROPEAN HOLDINGS LIMITED at £229m based on a Turnover of £160.6m and 1.43x industry multiple (adjusted for size and gross margin).

aspen european holdings limited Estimated Valuation

£2.6b

Pomanda estimates the enterprise value of ASPEN EUROPEAN HOLDINGS LIMITED at £2.6b based on an EBITDA of £135.1m and a 19.2x industry multiple (adjusted for size and gross margin).

aspen european holdings limited Estimated Valuation

£1b

Pomanda estimates the enterprise value of ASPEN EUROPEAN HOLDINGS LIMITED at £1b based on Net Assets of £593.8m and 1.69x industry multiple (adjusted for liquidity).

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Aspen European Holdings Limited Overview

Aspen European Holdings Limited is a live company located in london, EC3M 3BD with a Companies House number of 09172494. It operates in the non-life insurance sector, SIC Code 65120. Founded in August 2014, it's largest shareholder is aspen insurance holdings limited with a 100% stake. Aspen European Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £160.6m with unknown growth in recent years.

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Aspen European Holdings Limited Health Check

Pomanda's financial health check has awarded Aspen European Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

0 Weak

size

Size

annual sales of £160.6m, make it larger than the average company (£1.7m)

£160.6m - Aspen European Holdings Limited

£1.7m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Aspen European Holdings Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 84.2% make it more profitable than the average company (16.7%)

84.2% - Aspen European Holdings Limited

16.7% - Industry AVG

employees

Employees

with 862 employees, this is above the industry average (18)

862 - Aspen European Holdings Limited

18 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £186.3k, this is equally as efficient (£190.1k)

£186.3k - Aspen European Holdings Limited

£190.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Aspen European Holdings Limited

- - Industry AVG

ASPEN EUROPEAN HOLDINGS LIMITED financials

EXPORTms excel logo

Aspen European Holdings Limited's latest turnover from December 2023 is £160.6 million and the company has net assets of £593.8 million. According to their latest financial statements, we estimate that Aspen European Holdings Limited has 862 employees and maintains cash reserves of £85.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover160,552,30000000064,030,13254,217,281
Other Income Or Grants000000000
Cost Of Sales0000000990,8462,598,116
Gross Profit160,552,30000000063,039,28651,619,165
Admin Expenses25,455,188130,189,071368,287,47242,389,057060,539,5221,107,713-21,870,477-14,861,178
Operating Profit135,097,112-130,189,071-368,287,472-42,389,0570-60,539,522-1,107,71384,909,76366,480,343
Interest Payable0000606,964015,935,69716,738,23012,012,216
Interest Receivable000000000
Pre-Tax Profit100,993,016-130,404,592-368,455,422-42,557,480-606,964-60,527,913-15,935,69747,291,90242,205,065
Tax331,540215,943216,064187,768115,578-11,3773,067,6013,351,4122,414,385
Profit After Tax101,324,556-130,188,649-368,239,357-42,369,712-491,386-60,539,290-12,868,09650,643,31544,619,450
Dividends Paid160,552,30000000047,781,54442,138,494
Retained Profit-59,227,743-130,188,649-368,239,357-42,369,712-491,386-60,539,290-12,868,0962,861,7702,480,955
Employee Costs0000083,82885,44630,385,94727,292,451
Number Of Employees862111111385350
EBITDA*135,097,112-130,189,071-368,287,472-42,389,0570-60,539,522-1,107,71384,909,76366,480,343

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets000000000
Intangible Assets000000000
Investments & Other586,100,185644,249,819773,952,6101,012,324,494937,849,8220000
Debtors (Due After 1 year)000000000
Total Fixed Assets586,100,185644,249,819773,952,6101,012,324,494937,849,8220000
Stock & work in progress000000000
Trade Debtors000000000
Group Debtors7,628,6427,265,7946,965,4616,555,0276,039,8340002,414,384
Misc Debtors000006,182,4936,732,0693,347,6450
Cash85,8951,60622,49038,469,497220,97829,58132,1522,725,42466,571
misc current assets00000978,610,4371,129,431,1621,032,015,066940,223,732
total current assets7,714,5387,267,4006,987,95245,024,5256,260,813984,822,5121,136,195,3831,038,088,136942,704,687
total assets593,814,723651,517,219780,940,5621,057,349,019944,110,635984,822,5121,136,195,3831,038,088,136942,704,687
Bank overdraft000000000
Bank loan000000000
Trade Creditors 000000000
Group/Directors Accounts000000000
other short term finances000000000
hp & lease commitments000000000
other current liabilities000000000
total current liabilities000000000
loans0000000362,070,056329,421,453
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions000000000
total long term liabilities0000000362,070,056329,421,454
total liabilities0000000362,070,056329,421,454
net assets593,814,723651,517,219780,940,5621,057,349,019944,110,635984,822,5121,136,195,383676,018,079613,283,234
total shareholders funds593,814,723651,517,219780,940,5621,057,349,019944,110,635984,822,5121,136,195,383676,018,079613,283,234
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit135,097,112-130,189,071-368,287,472-42,389,0570-60,539,522-1,107,71384,909,76366,480,343
Depreciation000000000
Amortisation000000000
Tax331,540215,943216,064187,768115,578-11,3773,067,6013,351,4122,414,385
Stock000000000
Debtors362,848300,333410,434515,193-142,659-549,5763,384,424933,2612,414,384
Creditors000000000
Accruals and Deferred Income000000000
Deferred Taxes & Provisions000000000
Cash flow from operations135,065,804-130,273,461-368,481,842-42,716,482258,237-60,001,323-1,424,53687,327,91466,480,344
Investing Activities
capital expenditure000000000
Change in Investments-58,149,635-129,702,791-238,371,88474,474,672937,849,8220000
cash flow from investments58,149,635129,702,791238,371,884-74,474,672-937,849,8220000
Financing Activities
Bank loans000000000
Group/Directors Accounts000000000
Other Short Term Loans 000000000
Long term loans000000-362,070,05632,648,603329,421,453
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue1,525,246765,30691,830,900155,608,096-40,220,492-90,833,581473,045,40059,873,075610,802,279
interest0000-606,9640-15,935,697-16,738,230-12,012,216
cash flow from financing1,525,246765,30691,830,900155,608,096-40,827,456-90,833,58195,039,64775,783,448928,211,516
cash and cash equivalents
cash84,290-20,884-38,447,00738,248,519191,397-2,570-2,693,2722,658,85366,571
overdraft000000000
change in cash84,290-20,884-38,447,00738,248,519191,397-2,570-2,693,2722,658,85366,571

aspen european holdings 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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Aspen European Holdings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for aspen european holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3M area or any other competitors across 12 key performance metrics.

aspen european holdings limited Ownership

ASPEN EUROPEAN HOLDINGS LIMITED group structure

Aspen European Holdings Limited has 1 subsidiary company.

Ultimate parent company

HIGHLANDS HOLDINGS LTD

#0046856

ASPEN INSURANCE HOLDINGS LTD

#0041544

2 parents

ASPEN EUROPEAN HOLDINGS LIMITED

09172494

1 subsidiary

ASPEN EUROPEAN HOLDINGS LIMITED Shareholders

aspen insurance holdings limited 100%

aspen european holdings limited directors

Aspen European Holdings Limited currently has 5 directors. The longest serving directors include Mr David Amaro (Apr 2022) and Mr David Amaro (Apr 2022).

officercountryagestartendrole
Mr David AmaroBermuda38 years Apr 2022- Director
Mr David AmaroBermuda38 years Apr 2022- Director
Mr Marc MacGillivray42 years Apr 2022- Director
Ms Sarah StanfordEngland42 years Jan 2024- Director
Mr Paul Bradbrook48 years Nov 2024- Director

P&L

December 2023

turnover

160.6m

0%

operating profit

135.1m

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 2023

net assets

593.8m

-0.09%

total assets

593.8m

-0.09%

cash

85.9k

+52.5%

net assets

Total assets minus all liabilities

aspen european holdings limited company details

company number

09172494

Type

Private limited with Share Capital

industry

65202 - Non-life reinsurance

65120 - Non-life insurance

incorporation date

August 2014

age

10

incorporated

UK

ultimate parent company

HIGHLANDS HOLDINGS LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

aspen fenchurch limited (January 2015)

aspen newco limited (September 2014)

accountant

-

auditor

ERNST & YOUNG LLP

address

30 fenchurch street, london, EC3M 3BD

Bank

-

Legal Advisor

-

aspen european holdings 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 aspen european holdings limited.

aspen european holdings 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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aspen european holdings limited Companies House Filings - See Documents

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