riviera insurance services limited

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riviera insurance services limited Company Information

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Company Number

09827823

Registered Address

petitor house nicholson road, torquay, devon, TQ2 7TD

Industry

Non-life insurance

 

Telephone

01323481461

Next Accounts Due

December 2024

Group Structure

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Directors

Kevin Davies8 Years

Andrew Pearce6 Years

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Shareholders

kevin davies 58%

geoff derham 14%

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riviera insurance services limited Estimated Valuation

£676.2k

Pomanda estimates the enterprise value of RIVIERA INSURANCE SERVICES LIMITED at £676.2k based on a Turnover of £1.1m and 0.59x industry multiple (adjusted for size and gross margin).

riviera insurance services limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of RIVIERA INSURANCE SERVICES LIMITED at £1.7m based on an EBITDA of £191.5k and a 8.71x industry multiple (adjusted for size and gross margin).

riviera insurance services limited Estimated Valuation

£28.8k

Pomanda estimates the enterprise value of RIVIERA INSURANCE SERVICES LIMITED at £28.8k based on Net Assets of £19.5k and 1.48x industry multiple (adjusted for liquidity).

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Riviera Insurance Services Limited Overview

Riviera Insurance Services Limited is a live company located in devon, TQ2 7TD with a Companies House number of 09827823. It operates in the non-life insurance sector, SIC Code 65120. Founded in October 2015, it's largest shareholder is kevin davies with a 58% stake. Riviera Insurance Services Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

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Riviera Insurance Services Limited Health Check

Pomanda's financial health check has awarded Riviera Insurance Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £1.1m, make it smaller than the average company (£2m)

£1.1m - Riviera Insurance Services Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7%)

13% - Riviera Insurance Services Limited

7% - Industry AVG

production

Production

with a gross margin of 98.5%, this company has a comparable cost of product (98.5%)

98.5% - Riviera Insurance Services Limited

98.5% - Industry AVG

profitability

Profitability

an operating margin of 15.3% make it less profitable than the average company (20.9%)

15.3% - Riviera Insurance Services Limited

20.9% - Industry AVG

employees

Employees

with 25 employees, this is similar to the industry average (29)

25 - Riviera Insurance Services Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.1k, the company has an equivalent pay structure (£52.1k)

£52.1k - Riviera Insurance Services Limited

£52.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £45.6k, this is less efficient (£137.6k)

£45.6k - Riviera Insurance Services Limited

£137.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is earlier than average (206 days)

67 days - Riviera Insurance Services Limited

206 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 814 days, this is slower than average (219 days)

814 days - Riviera Insurance Services Limited

219 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Riviera Insurance Services Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Riviera Insurance Services Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.6%, this is a higher level of debt than the average (81.6%)

96.6% - Riviera Insurance Services Limited

81.6% - Industry AVG

RIVIERA INSURANCE SERVICES LIMITED financials

EXPORTms excel logo

Riviera Insurance Services Limited's latest turnover from March 2023 is estimated at £1.1 million and the company has net assets of £19.5 thousand. According to their latest financial statements, Riviera Insurance Services Limited has 25 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Turnover1,140,377764,348653,025785,050628,791437,522300,126
Other Income Or Grants0000000
Cost Of Sales17,49025,61120,72934,08037,51429,83428,040
Gross Profit1,122,887738,737632,296750,970591,278407,689272,086
Admin Expenses948,892732,917544,337752,115633,557427,995406,302
Operating Profit173,9955,82087,959-1,145-42,279-20,306-134,216
Interest Payable2850376376110225115
Interest Receivable2141581613159292124
Pre-Tax Profit173,9235,97887,599-1,508-42,230-20,239-134,206
Tax-33,045-1,136-16,6440000
Profit After Tax140,8784,84270,955-1,508-42,230-20,239-134,206
Dividends Paid0000000
Retained Profit140,8784,84270,955-1,508-42,230-20,239-134,206
Employee Costs1,301,945945,143892,530953,592694,207542,646439,446
Number Of Employees2518182014119
EBITDA*191,49620,180104,08612,449-31,940-18,004-131,230

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Tangible Assets41,76326,83233,04829,34236,0519,78210,996
Intangible Assets0054,85554,855000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets41,76326,83287,90384,19736,0519,78210,996
Stock & work in progress0000000
Trade Debtors209,781122,41335,87277,313100,64751,0182,859
Group Debtors134,18633,68600000
Misc Debtors71,44533,052167,079159,83643,67201,320
Cash010,05932,06177624,91917,44399,469
misc current assets117,713000000
total current assets533,125199,210235,012237,925169,23868,461103,648
total assets574,888226,042322,915322,122205,28978,243114,644
Bank overdraft5,5650012,33803,2503,670
Bank loan0000000
Trade Creditors 39,01013,31816,583276,390168,71614,80561,520
Group/Directors Accounts266,46898,75700000
other short term finances0000000
hp & lease commitments0000000
other current liabilities34,35325,353222,56020,57822,248213,633182,660
total current liabilities345,396137,428239,143309,306190,964231,688247,850
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities210,000210,000210,000209,999210,00000
provisions0000000
total long term liabilities210,000210,000210,000209,999210,00000
total liabilities555,396347,428449,143519,305400,964231,688247,850
net assets19,492-121,386-126,228-197,183-195,675-153,445-133,206
total shareholders funds19,492-121,386-126,228-197,183-195,675-153,445-133,206
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Operating Activities
Operating Profit173,9955,82087,959-1,145-42,279-20,306-134,216
Depreciation17,50114,36016,12713,59410,3392,3022,986
Amortisation0000000
Tax-33,045-1,136-16,6440000
Stock0000000
Debtors226,261-13,800-34,19892,83093,30146,8394,179
Creditors25,692-3,265-259,807107,674153,911-46,71561,520
Accruals and Deferred Income9,000-197,207201,982-1,670-191,38530,973182,660
Deferred Taxes & Provisions0000000
Cash flow from operations-33,118-167,62863,81525,623-162,715-80,585108,771
Investing Activities
capital expenditure-32,43246,711-19,833-61,740-36,608-1,088-13,982
Change in Investments0000000
cash flow from investments-32,43246,711-19,833-61,740-36,608-1,088-13,982
Financing Activities
Bank loans0000000
Group/Directors Accounts167,71198,75700000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities001-1210,00000
share issue0000001,000
interest-71158-360-36349679
cash flow from financing167,64098,915-359-364210,049671,009
cash and cash equivalents
cash-10,059-22,00231,285-24,1437,476-82,02699,469
overdraft5,5650-12,33812,338-3,250-4203,670
change in cash-15,624-22,00243,623-36,48110,726-81,60695,799

riviera insurance services 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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Riviera Insurance Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for riviera insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in TQ2 area or any other competitors across 12 key performance metrics.

riviera insurance services limited Ownership

RIVIERA INSURANCE SERVICES LIMITED group structure

Riviera Insurance Services Limited has 2 subsidiary companies.

Ultimate parent company

RIVIERA INSURANCE SERVICES LIMITED

09827823

2 subsidiaries

RIVIERA INSURANCE SERVICES LIMITED Shareholders

kevin davies 58%
geoff derham 14%
james richard jones 14%
andrew pearce 14%

riviera insurance services limited directors

Riviera Insurance Services Limited currently has 4 directors. The longest serving directors include Mr Kevin Davies (Apr 2016) and Mr Andrew Pearce (Feb 2018).

officercountryagestartendrole
Mr Kevin DaviesUnited Kingdom61 years Apr 2016- Director
Mr Andrew PearceEngland61 years Feb 2018- Director
Mr Geoff DerhamUnited Kingdom72 years Jul 2018- Director
Mr James JonesUnited Kingdom46 years Jun 2023- Director

P&L

March 2023

turnover

1.1m

+49%

operating profit

174k

0%

gross margin

98.5%

+1.88%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

19.5k

-1.16%

total assets

574.9k

+1.54%

cash

0

-1%

net assets

Total assets minus all liabilities

riviera insurance services limited company details

company number

09827823

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

October 2015

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

N/A

accountant

WESTCOTTS

auditor

-

address

petitor house nicholson road, torquay, devon, TQ2 7TD

Bank

-

Legal Advisor

-

riviera insurance services 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 riviera insurance services limited.

charges

riviera insurance services limited Companies House Filings - See Documents

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