tierra underwriting limited
tierra underwriting limited Company Information
Company Number
09879221
Website
tierraunderwriting.comRegistered 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
View All
Shareholders
texel holdings limited 100%
tierra underwriting limited Estimated Valuation
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
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
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
4 Strong
3 Regular
4 Weak
Size
annual sales of £344.7k, make it smaller than the average company (£4.5m)
- Tierra Underwriting Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.4%)
- Tierra Underwriting Limited
6.4% - Industry AVG
Production
with a gross margin of 38%, this company has a comparable cost of product (38%)
- Tierra Underwriting Limited
38% - Industry AVG
Profitability
an operating margin of 68.9% make it more profitable than the average company (5.7%)
- Tierra Underwriting Limited
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (26)
2 - Tierra Underwriting Limited
26 - Industry AVG
Pay Structure
on an average salary of £52.8k, the company has an equivalent pay structure (£52.8k)
- Tierra Underwriting Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £172.4k, this is equally as efficient (£167.2k)
- Tierra Underwriting Limited
£167.2k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (41 days)
- Tierra Underwriting Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (31 days)
- Tierra Underwriting Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tierra Underwriting Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 103,434 | 197,005 | 246,568 | 266,592 | 41,435 | 0 | ||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | -452,635 | -434,571 | -621,512 | -613,790 | ||||
| Interest Payable | 0 | 0 | 0 | 0 | 31 | 0 | ||
| Interest Receivable | 0 | 0 | 10 | 0 | 0 | 0 | ||
| Pre-Tax Profit | -461,392 | -29,449 | -452,625 | -434,571 | -621,543 | -613,790 | ||
| Tax | 518,958 | 0 | 0 | 0 | 0 | 0 | ||
| Profit After Tax | 57,567 | -29,449 | -452,625 | -434,571 | -621,543 | -613,790 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 57,567 | -29,449 | -452,625 | -434,571 | -621,543 | -613,790 | ||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 |
| EBITDA* | -447,942 | -429,878 | -616,632 | -609,090 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 3,587 | 7,175 | 11,191 | 14,369 |
| Intangible Assets | 8,108 | 10,749 | 14,620 | 0 | 1,108 | 2,215 | 3,454 | 4,434 |
| Investments & Other | 918 | 918 | 1,005 | 1,005 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,027 | 11,667 | 15,625 | 1,005 | 4,695 | 9,390 | 14,645 | 18,804 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 54,648 | 68,940 | 59,035 | 105,116 | 38,192 | 73,575 | 18,002 | 0 |
| Group Debtors | 245,015 | 162,097 | 361 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 36,006 | 21,156 | 39,525 | 0 | 16,302 | 19,402 | 10,832 | 8,947 |
| Cash | 215,459 | 32,960 | 17,069 | 19,077 | 4,007 | 15,277 | 7,290 | 4,302 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 551,129 | 285,155 | 115,991 | 124,194 | 58,502 | 108,255 | 36,125 | 13,249 |
| total assets | 560,155 | 296,822 | 131,616 | 125,199 | 63,197 | 117,645 | 50,770 | 32,053 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 22,984 | 0 | 28,438 | 10,860 | 0 | 0 | 0 | 0 |
| 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 | 37,900 | 42,456 | 58,808 | 10,745 | 143,942 | 136,449 | 1,309,665 | 645,841 |
| total current liabilities | 60,884 | 42,456 | 87,246 | 21,606 | 143,943 | 136,449 | 1,309,666 | 645,842 |
| loans | 2,962,032 | 2,652,014 | 2,305,065 | 2,421,853 | 2,017,143 | 1,626,460 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,962,032 | 2,652,015 | 2,305,065 | 2,421,853 | 2,017,144 | 1,626,461 | 0 | 0 |
| total liabilities | 3,022,917 | 2,694,471 | 2,392,311 | 2,443,460 | 2,161,086 | 1,762,910 | 1,309,666 | 645,842 |
| 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 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -452,635 | -434,571 | -621,512 | -613,790 | ||||
| Depreciation | 0 | 0 | 0 | 3,914 | 3,587 | 3,587 | 3,730 | 3,592 |
| Amortisation | 2,640 | 2,602 | 1,044 | 1,207 | 1,106 | 1,106 | 1,150 | 1,108 |
| Tax | 518,958 | 0 | 0 | 0 | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 83,475 | 153,273 | -6,195 | 50,622 | -38,484 | 64,144 | 19,887 | 8,947 |
| Creditors | 22,984 | -28,438 | 17,577 | 10,860 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -4,556 | -16,352 | 48,063 | -133,197 | 7,493 | -1,173,216 | 663,824 | 645,841 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -401,965 | -1,667,238 | 27,305 | 27,804 | ||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | -87 | 0 | 1,005 | 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 | 310,018 | 346,949 | -116,788 | 404,710 | 390,683 | 1,626,460 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 10 | 0 | -31 | 0 | ||
| cash flow from financing | -116,789 | 213,788 | 390,693 | 1,674,662 | -23,595 | 1 | ||
| cash and cash equivalents | ||||||||
| cash | 182,499 | 15,891 | -2,008 | 15,070 | -11,269 | 7,986 | 2,988 | 4,302 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 182,499 | 15,891 | -2,008 | 15,070 | -11,269 | 7,986 | 2,988 | 4,302 |
tierra underwriting limited Credit Report and Business Information
Tierra Underwriting Limited Competitor Analysis
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.
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Riley | United Kingdom | 58 years | Nov 2015 | - | Director |
| Mr Andrew Lennard | United Kingdom | 65 years | Nov 2015 | - | Director |
| Mr Andrew Beechey | United Kingdom | 52 years | Feb 2021 | - | Director |
| Mr Gerard Pieters | England | 44 years | Jan 2023 | - | Director |
| Mr Daniel Maleary | United Kingdom | 57 years | Apr 2023 | - | Director |
P&L
December 2023turnover
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 2023net 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.
tierra underwriting limited Companies House Filings - See Documents
| date | description | view/download |
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