cherry godfrey insurance services (iow) limited
cherry godfrey insurance services (iow) limited Company Information
Company Number
09371580
Registered Address
32 high street, newport, isle of wight, PO30 1SR
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
01983520033
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
cherry godfrey holdings limited 100%
cherry godfrey insurance services (iow) limited Estimated Valuation
Pomanda estimates the enterprise value of CHERRY GODFREY INSURANCE SERVICES (IOW) LIMITED at £162.6k based on a Turnover of £171.1k and 0.95x industry multiple (adjusted for size and gross margin).
cherry godfrey insurance services (iow) limited Estimated Valuation
Pomanda estimates the enterprise value of CHERRY GODFREY INSURANCE SERVICES (IOW) LIMITED at £90.5k based on an EBITDA of £24.1k and a 3.75x industry multiple (adjusted for size and gross margin).
cherry godfrey insurance services (iow) limited Estimated Valuation
Pomanda estimates the enterprise value of CHERRY GODFREY INSURANCE SERVICES (IOW) LIMITED at £18.7k based on Net Assets of £27.6k and 0.68x industry multiple (adjusted for liquidity).
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Cherry Godfrey Insurance Services (iow) Limited Overview
Cherry Godfrey Insurance Services (iow) Limited is a live company located in isle of wight, PO30 1SR with a Companies House number of 09371580. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 2015, it's largest shareholder is cherry godfrey holdings limited with a 100% stake. Cherry Godfrey Insurance Services (iow) Limited is a young, micro sized company, Pomanda has estimated its turnover at £171.1k with high growth in recent years.
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Cherry Godfrey Insurance Services (iow) Limited Health Check
Pomanda's financial health check has awarded Cherry Godfrey Insurance Services (Iow) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £171.1k, make it smaller than the average company (£4.1m)
- Cherry Godfrey Insurance Services (iow) Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (3.6%)
- Cherry Godfrey Insurance Services (iow) Limited
3.6% - Industry AVG
Production
with a gross margin of 20.7%, this company has a higher cost of product (59.8%)
- Cherry Godfrey Insurance Services (iow) Limited
59.8% - Industry AVG
Profitability
an operating margin of 14.1% make it more profitable than the average company (11.6%)
- Cherry Godfrey Insurance Services (iow) Limited
11.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Cherry Godfrey Insurance Services (iow) Limited
13 - Industry AVG
Pay Structure
on an average salary of £72.4k, the company has an equivalent pay structure (£72.4k)
- Cherry Godfrey Insurance Services (iow) Limited
£72.4k - Industry AVG
Efficiency
resulting in sales per employee of £57k, this is less efficient (£205.6k)
- Cherry Godfrey Insurance Services (iow) Limited
£205.6k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (30 days)
- Cherry Godfrey Insurance Services (iow) Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (37 days)
- Cherry Godfrey Insurance Services (iow) Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cherry Godfrey Insurance Services (iow) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cherry Godfrey Insurance Services (iow) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.2%, this is a higher level of debt than the average (57.1%)
74.2% - Cherry Godfrey Insurance Services (iow) Limited
57.1% - Industry AVG
CHERRY GODFREY INSURANCE SERVICES (IOW) LIMITED financials
Cherry Godfrey Insurance Services (Iow) Limited's latest turnover from January 2023 is estimated at £171.1 thousand and the company has net assets of £27.6 thousand. According to their latest financial statements, Cherry Godfrey Insurance Services (Iow) Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 1 | 2 | 3 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 88,537 | 16,390 | 18,519 | 20,591 | 22,111 | 17,538 | 11,888 | 564 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 88,537 | 16,390 | 18,519 | 20,591 | 22,111 | 17,538 | 11,888 | 564 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 18,724 | 40,274 | 36,836 | 1 | 6 | 406 | 2,691 | 24,485 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,724 | 40,274 | 36,836 | 1 | 6 | 406 | 2,691 | 24,485 |
| total assets | 107,261 | 56,664 | 55,355 | 20,592 | 22,117 | 17,944 | 14,579 | 25,049 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13,881 | 26,893 | 22,467 | 12,849 | 18,168 | 13,656 | 15,073 | 13,306 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 13,881 | 26,893 | 22,467 | 12,849 | 18,168 | 13,656 | 15,073 | 13,306 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 65,733 | 21,667 | 27,625 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 65,733 | 21,667 | 27,625 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 79,614 | 48,560 | 50,092 | 12,849 | 18,168 | 13,656 | 15,073 | 13,306 |
| net assets | 27,647 | 8,104 | 5,263 | 7,743 | 3,949 | 4,288 | -494 | 11,743 |
| total shareholders funds | 27,647 | 8,104 | 5,263 | 7,743 | 3,949 | 4,288 | -494 | 11,743 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -21,550 | 3,438 | 36,835 | -5 | -400 | -2,285 | -21,794 | 24,485 |
| Creditors | -13,012 | 4,426 | 9,618 | -5,319 | 4,512 | -1,417 | 1,767 | 13,306 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 44,066 | -5,958 | 27,625 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cherry godfrey insurance services (iow) limited Credit Report and Business Information
Cherry Godfrey Insurance Services (iow) Limited Competitor Analysis
Perform a competitor analysis for cherry godfrey insurance services (iow) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in PO30 area or any other competitors across 12 key performance metrics.
cherry godfrey insurance services (iow) limited Ownership
CHERRY GODFREY INSURANCE SERVICES (IOW) LIMITED group structure
Cherry Godfrey Insurance Services (Iow) Limited has no subsidiary companies.
Ultimate parent company
CHERRY GODFREY HOLDINGS LTD
#0125561
1 parent
CHERRY GODFREY INSURANCE SERVICES (IOW) LIMITED
09371580
cherry godfrey insurance services (iow) limited directors
Cherry Godfrey Insurance Services (Iow) Limited currently has 5 directors. The longest serving directors include Mr Nathan Maddocks (Jan 2015) and Miss Tanith Cherry (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nathan Maddocks | England | 46 years | Jan 2015 | - | Director |
| Miss Tanith Cherry | England | 31 years | Aug 2023 | - | Director |
| Mr Ian Stewart | England | 60 years | Aug 2023 | - | Director |
| Mr Stuart Kelly | England | 61 years | Aug 2023 | - | Director |
| Mrs Sarah Alabie | England | 36 years | Aug 2023 | - | Director |
P&L
January 2023turnover
171.1k
+56%
operating profit
24.1k
0%
gross margin
20.7%
-10.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
27.6k
+2.41%
total assets
107.3k
+0.89%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
cherry godfrey insurance services (iow) limited company details
company number
09371580
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
January 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
nrm financial limited (September 2023)
last accounts submitted
January 2023
address
32 high street, newport, isle of wight, PO30 1SR
accountant
-
auditor
-
cherry godfrey insurance services (iow) 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 cherry godfrey insurance services (iow) limited.
cherry godfrey insurance services (iow) limited Companies House Filings - See Documents
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