tierra underwriting limited

4.5

tierra underwriting limited Company Information

Share TIERRA UNDERWRITING LIMITED
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Company Number

09879221

Registered Address

gable house, 239 regents park road, london, N3 3LF

Industry

Other business support service activities n.e.c.

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

Matthew Riley8 Years

Andrew Lennard8 Years

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Shareholders

texel holdings limited 100%

tierra underwriting limited Estimated Valuation

£195k

Pomanda estimates the enterprise value of TIERRA UNDERWRITING LIMITED at £195k based on a Turnover of £344.7k and 0.57x industry multiple (adjusted for size and gross margin).

tierra underwriting limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of TIERRA UNDERWRITING LIMITED at £1m based on an EBITDA of £240.1k and a 4.32x industry multiple (adjusted for size and gross margin).

tierra underwriting limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TIERRA UNDERWRITING LIMITED at £0 based on Net Assets of £-2.5m and 2.58x industry multiple (adjusted for liquidity).

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Tierra Underwriting Limited Overview

Tierra Underwriting Limited is a live company located in london, N3 3LF with a Companies House number of 09879221. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2015, it's largest shareholder is texel holdings limited with a 100% stake. Tierra Underwriting Limited is a young, micro sized company, Pomanda has estimated its turnover at £344.7k with high growth in recent years.

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Tierra Underwriting Limited Health Check

Pomanda's financial health check has awarded Tierra Underwriting Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £344.7k, make it smaller than the average company (£4.5m)

£344.7k - Tierra Underwriting Limited

£4.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.4%)

21% - Tierra Underwriting Limited

6.4% - Industry AVG

production

Production

with a gross margin of 38%, this company has a comparable cost of product (38%)

38% - Tierra Underwriting Limited

38% - Industry AVG

profitability

Profitability

an operating margin of 68.9% make it more profitable than the average company (5.7%)

68.9% - Tierra Underwriting Limited

5.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (26)

2 - Tierra Underwriting Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.8k, the company has an equivalent pay structure (£52.8k)

£52.8k - Tierra Underwriting Limited

£52.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £172.4k, this is equally as efficient (£167.2k)

£172.4k - Tierra Underwriting Limited

£167.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is later than average (41 days)

57 days - Tierra Underwriting Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is slower than average (31 days)

39 days - Tierra Underwriting Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tierra Underwriting Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 184 weeks, this is more cash available to meet short term requirements (23 weeks)

184 weeks - Tierra Underwriting Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 539.7%, this is a higher level of debt than the average (62%)

539.7% - Tierra Underwriting Limited

62% - Industry AVG

TIERRA UNDERWRITING LIMITED financials

EXPORTms excel logo

Tierra Underwriting Limited's latest turnover from December 2023 is estimated at £344.7 thousand and the company has net assets of -£2.5 million. According to their latest financial statements, Tierra Underwriting Limited has 2 employees and maintains cash reserves of £215.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Turnover344,747458,304103,434197,005246,568266,59241,4350
Other Income Or Grants00000000
Cost Of Sales213,787280,25564,604124,130154,256167,55925,8180
Gross Profit130,959178,04938,83072,87692,31299,03315,6180
Admin Expenses-106,49180,418-179,911-33,053544,947533,604637,130613,790
Operating Profit237,45097,631218,741105,929-452,635-434,571-621,512-613,790
Interest Payable308,773235,4610000310
Interest Receivable6,2108760010000
Pre-Tax Profit-65,112-136,955-461,392-29,449-452,625-434,571-621,543-613,790
Tax00518,95800000
Profit After Tax-65,112-136,95557,567-29,449-452,625-434,571-621,543-613,790
Dividends Paid00000000
Retained Profit-65,112-136,95557,567-29,449-452,625-434,571-621,543-613,790
Employee Costs105,580100,78196,48946,06891,08188,00683,64241,884
Number Of Employees22212221
EBITDA*240,090100,233219,785111,050-447,942-429,878-616,632-609,090

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Tangible Assets00003,5877,17511,19114,369
Intangible Assets8,10810,74914,62001,1082,2153,4544,434
Investments & Other9189181,0051,0050000
Debtors (Due After 1 year)00000000
Total Fixed Assets9,02711,66715,6251,0054,6959,39014,64518,804
Stock & work in progress00000000
Trade Debtors54,64868,94059,035105,11638,19273,57518,0020
Group Debtors245,015162,09736100000
Misc Debtors36,00621,15639,525016,30219,40210,8328,947
Cash215,45932,96017,06919,0774,00715,2777,2904,302
misc current assets00000000
total current assets551,129285,155115,991124,19458,502108,25536,12513,249
total assets560,155296,822131,616125,19963,197117,64550,77032,053
Bank overdraft00000000
Bank loan00000000
Trade Creditors 22,984028,43810,8600000
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities37,90042,45658,80810,745143,942136,4491,309,665645,841
total current liabilities60,88442,45687,24621,606143,943136,4491,309,666645,842
loans2,962,0322,652,0142,305,0652,421,8532,017,1431,626,46000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions00000000
total long term liabilities2,962,0322,652,0152,305,0652,421,8532,017,1441,626,46100
total liabilities3,022,9172,694,4712,392,3112,443,4602,161,0861,762,9101,309,666645,842
net assets-2,462,761-2,397,650-2,260,695-2,318,260-2,097,890-1,645,265-1,258,896-613,789
total shareholders funds-2,462,761-2,397,650-2,260,695-2,318,260-2,097,890-1,645,265-1,258,896-613,789
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Operating Activities
Operating Profit237,45097,631218,741105,929-452,635-434,571-621,512-613,790
Depreciation0003,9143,5873,5873,7303,592
Amortisation2,6402,6021,0441,2071,1061,1061,1501,108
Tax00518,95800000
Stock00000000
Debtors83,475153,273-6,19550,622-38,48464,14419,8878,947
Creditors22,984-28,43817,57710,8600000
Accruals and Deferred Income-4,556-16,35248,063-133,1977,493-1,173,216663,824645,841
Deferred Taxes & Provisions00000000
Cash flow from operations175,043-97,830810,578-61,909-401,965-1,667,23827,30527,804
Investing Activities
capital expenditure01,269-15,664-4262562-721-23,504
Change in Investments0-8701,0050000
cash flow from investments01,356-15,664-1,4312562-721-23,504
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans310,018346,949-116,788404,710390,6831,626,46000
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue00-1-190,922048,202-23,5641
interest-302,563-234,58500100-310
cash flow from financing7,455112,364-116,789213,788390,6931,674,662-23,5951
cash and cash equivalents
cash182,49915,891-2,00815,070-11,2697,9862,9884,302
overdraft00000000
change in cash182,49915,891-2,00815,070-11,2697,9862,9884,302

tierra underwriting 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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Tierra Underwriting Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for tierra underwriting limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in N 3 area or any other competitors across 12 key performance metrics.

tierra underwriting limited Ownership

TIERRA UNDERWRITING LIMITED group structure

Tierra Underwriting Limited has no subsidiary companies.

Ultimate parent company

1 parent

TIERRA UNDERWRITING LIMITED

09879221

TIERRA UNDERWRITING LIMITED Shareholders

texel holdings limited 100%

tierra underwriting limited directors

Tierra Underwriting Limited currently has 5 directors. The longest serving directors include Mr Matthew Riley (Nov 2015) and Mr Andrew Lennard (Nov 2015).

officercountryagestartendrole
Mr Matthew RileyUnited Kingdom58 years Nov 2015- Director
Mr Andrew LennardUnited Kingdom65 years Nov 2015- Director
Mr Andrew BeecheyUnited Kingdom52 years Feb 2021- Director
Mr Gerard PietersEngland44 years Jan 2023- Director
Mr Daniel MalearyUnited Kingdom57 years Apr 2023- Director

P&L

December 2023

turnover

344.7k

-25%

operating profit

237.5k

0%

gross margin

38%

-2.22%

turnover

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

Balance Sheet

December 2023

net assets

-2.5m

+0.03%

total assets

560.2k

+0.89%

cash

215.5k

+5.54%

net assets

Total assets minus all liabilities

tierra underwriting limited company details

company number

09879221

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

November 2015

age

9

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

December 2023

previous names

anvil underwriting limited (May 2021)

anvil one ltd (May 2017)

accountant

SPW UK LLP

auditor

-

address

gable house, 239 regents park road, london, N3 3LF

Bank

-

Legal Advisor

-

tierra underwriting 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 tierra underwriting limited.

charges

tierra underwriting limited Companies House Filings - See Documents

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