blenheim underwriting limited
blenheim underwriting limited Company Information
Company Number
10254215
Website
www.blenheimuw.comRegistered Address
7th floor, 70 mark lane, london, EC3R 7NQ
Industry
Non-life insurance
Telephone
442038898080
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
white bear capital limited 100%
blenheim underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of BLENHEIM UNDERWRITING LIMITED at £17.9m based on a Turnover of £20.3m and 0.88x industry multiple (adjusted for size and gross margin).
blenheim underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of BLENHEIM UNDERWRITING LIMITED at £20.4m based on an EBITDA of £1.5m and a 13.35x industry multiple (adjusted for size and gross margin).
blenheim underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of BLENHEIM UNDERWRITING LIMITED at £13.8m based on Net Assets of £9.5m and 1.45x industry multiple (adjusted for liquidity).
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Blenheim Underwriting Limited Overview
Blenheim Underwriting Limited is a live company located in london, EC3R 7NQ with a Companies House number of 10254215. It operates in the non-life insurance sector, SIC Code 65120. Founded in June 2016, it's largest shareholder is white bear capital limited with a 100% stake. Blenheim Underwriting Limited is a young, large sized company, Pomanda has estimated its turnover at £20.3m with healthy growth in recent years.
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Blenheim Underwriting Limited Health Check
Pomanda's financial health check has awarded Blenheim Underwriting Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £20.3m, make it larger than the average company (£2m)
£20.3m - Blenheim Underwriting Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.7%)
11% - Blenheim Underwriting Limited
8.7% - Industry AVG
Production
with a gross margin of 99.4%, this company has a comparable cost of product (99.4%)
99.4% - Blenheim Underwriting Limited
99.4% - Industry AVG
Profitability
an operating margin of 7% make it less profitable than the average company (17.9%)
7% - Blenheim Underwriting Limited
17.9% - Industry AVG
Employees
with 123 employees, this is above the industry average (33)
- Blenheim Underwriting Limited
33 - Industry AVG
Pay Structure
on an average salary of £99.8k, the company has a higher pay structure (£64.8k)
- Blenheim Underwriting Limited
£64.8k - Industry AVG
Efficiency
resulting in sales per employee of £165.3k, this is equally as efficient (£165.6k)
- Blenheim Underwriting Limited
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is earlier than average (219 days)
41 days - Blenheim Underwriting Limited
219 days - Industry AVG
Creditor Days
its suppliers are paid after 170 days, this is quicker than average (318 days)
170 days - Blenheim Underwriting Limited
318 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Blenheim Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (17 weeks)
5 weeks - Blenheim Underwriting Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.1%, this is a lower level of debt than the average (82.6%)
16.1% - Blenheim Underwriting Limited
82.6% - Industry AVG
BLENHEIM UNDERWRITING LIMITED financials
Blenheim Underwriting Limited's latest turnover from December 2023 is £20.3 million and the company has net assets of £9.5 million. According to their latest financial statements, we estimate that Blenheim Underwriting Limited has 123 employees and maintains cash reserves of £174 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 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 20,329,000 | 17,983,000 | 14,181,000 | 14,866,000 | 12,155,000 | 6,110,000 | 9,351,000 | 14,505,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 1,422,000 | 1,201,000 | -1,546,000 | 765,000 | 368,000 | 1,034,000 | 367,000 | 11,045,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 0 |
| Interest Receivable | 2,000 | 0 | 0 | 0 | 1,000 | 1,000 | 6,000 | 8,000 |
| Pre-Tax Profit | 1,424,000 | 1,201,000 | -1,546,000 | 765,000 | 369,000 | 1,035,000 | 366,000 | 11,053,000 |
| Tax | -349,000 | -253,000 | 311,000 | -132,000 | -63,000 | -237,000 | -70,000 | -2,183,000 |
| Profit After Tax | 1,075,000 | 948,000 | -1,235,000 | 633,000 | 306,000 | 798,000 | 296,000 | 8,870,000 |
| Dividends Paid | 0 | 0 | 2,000,000 | 0 | 0 | 0 | 500,000 | 100,000 |
| Retained Profit | 1,075,000 | 948,000 | -3,235,000 | 633,000 | 306,000 | 798,000 | -204,000 | 8,770,000 |
| Employee Costs | 12,281,000 | 10,410,000 | 9,496,000 | 8,420,000 | 7,619,000 | 3,598,000 | 5,997,000 | 2,399,000 |
| Number Of Employees | 26 | 50 | 40 | 16 | ||||
| EBITDA* | 1,525,000 | 1,394,000 | -1,162,000 | 1,119,000 | 659,000 | 1,075,000 | 367,000 | 11,045,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 44,000 | 147,000 | 328,000 | 703,000 | 765,000 | 332,000 | 373,000 | 0 |
| 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 | 44,000 | 147,000 | 328,000 | 703,000 | 765,000 | 332,000 | 373,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,316,000 | 1,282,000 | 2,563,000 | 2,434,000 | 5,699,000 | 8,303,000 | 6,172,000 | 2,557,000 |
| Group Debtors | 6,801,000 | 7,571,000 | 4,495,000 | 4,992,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,972,000 | 1,527,000 | 2,554,000 | 5,379,000 | 4,731,000 | 930,000 | 776,000 | 214,000 |
| Cash | 174,000 | 192,000 | 396,000 | 178,000 | 2,472,000 | 2,941,000 | 4,068,000 | 6,401,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,250,000 |
| total current assets | 11,263,000 | 10,572,000 | 10,008,000 | 12,983,000 | 12,902,000 | 12,174,000 | 11,016,000 | 11,422,000 |
| total assets | 11,307,000 | 10,719,000 | 10,336,000 | 13,686,000 | 13,667,000 | 12,506,000 | 11,389,000 | 11,422,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 59,000 | 140,000 | 145,000 | 39,000 | 660,000 | 34,000 | 275,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 319,000 | 865,000 | 863,000 | 2,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 11,000 | 95,000 | 111,000 | 167,000 | 74,000 | 0 | 0 | 0 |
| other current liabilities | 1,548,000 | 1,854,000 | 2,432,000 | 2,965,000 | 2,855,000 | 2,243,000 | 1,685,000 | 2,650,000 |
| total current liabilities | 1,618,000 | 2,089,000 | 2,688,000 | 3,171,000 | 3,908,000 | 3,142,000 | 2,823,000 | 2,652,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 11,000 | 106,000 | 212,000 | 89,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 198,000 | 203,000 | 74,000 | 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 | 198,000 | 214,000 | 180,000 | 212,000 | 89,000 | 0 | 0 | 0 |
| total liabilities | 1,816,000 | 2,303,000 | 2,868,000 | 3,383,000 | 3,997,000 | 3,142,000 | 2,823,000 | 2,652,000 |
| net assets | 9,491,000 | 8,416,000 | 7,468,000 | 10,303,000 | 9,670,000 | 9,364,000 | 8,566,000 | 8,770,000 |
| total shareholders funds | 9,491,000 | 8,416,000 | 7,468,000 | 10,303,000 | 9,670,000 | 9,364,000 | 8,566,000 | 8,770,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 1,422,000 | 1,201,000 | -1,546,000 | 765,000 | 368,000 | 1,034,000 | 367,000 | 11,045,000 |
| Depreciation | 103,000 | 193,000 | 384,000 | 354,000 | 291,000 | 41,000 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -349,000 | -253,000 | 311,000 | -132,000 | -63,000 | -237,000 | -70,000 | -2,183,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 709,000 | 768,000 | -3,193,000 | 2,375,000 | 1,197,000 | 6,462,000 | 4,177,000 | 2,771,000 |
| Creditors | -81,000 | -5,000 | 106,000 | -621,000 | 626,000 | 34,000 | 275,000 | 0 |
| Accruals and Deferred Income | -311,000 | -449,000 | -459,000 | 110,000 | 612,000 | -407,000 | -965,000 | 2,650,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 75,000 | -81,000 | 1,989,000 | -1,899,000 | 637,000 | -5,997,000 | -4,570,000 | 8,741,000 |
| 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 | -319,000 | -546,000 | 863,000 | 861,000 | 2,000 |
| 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 | -95,000 | -111,000 | -162,000 | 216,000 | 163,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 2,000 | 0 | 0 | 0 | 1,000 | 1,000 | -1,000 | 8,000 |
| cash flow from financing | -93,000 | -111,000 | 238,000 | -103,000 | -382,000 | 660,000 | 860,000 | 10,000 |
| cash and cash equivalents | ||||||||
| cash | -18,000 | -204,000 | 218,000 | -2,294,000 | -469,000 | -3,460,000 | -2,333,000 | 6,401,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -18,000 | -204,000 | 218,000 | -2,294,000 | -469,000 | -3,460,000 | -2,333,000 | 6,401,000 |
blenheim underwriting limited Credit Report and Business Information
Blenheim Underwriting Limited Competitor Analysis
Perform a competitor analysis for blenheim underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3R area or any other competitors across 12 key performance metrics.
blenheim underwriting limited Ownership
BLENHEIM UNDERWRITING LIMITED group structure
Blenheim Underwriting Limited has no subsidiary companies.
Ultimate parent company
ASO (GP) IV LUX SARL
#0171761
2 parents
BLENHEIM UNDERWRITING LIMITED
10254215
blenheim underwriting limited directors
Blenheim Underwriting Limited currently has 10 directors. The longest serving directors include Mr Peter Scales (Sep 2016) and Mr John Lynch (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Scales | England | 60 years | Sep 2016 | - | Director |
| Mr John Lynch | England | 59 years | Sep 2016 | - | Director |
| Mr Lawrence Holder | 65 years | Mar 2017 | - | Director | |
| Mr Michael Leonard | England | 55 years | Nov 2018 | - | Director |
| Mr Christopher Clark | England | 66 years | Dec 2018 | - | Director |
| Mr Nicholas Destro | England | 57 years | May 2020 | - | Director |
| Ms Sharon Ingham | United Kingdom | 44 years | Oct 2020 | - | Director |
| Ms Esther Felton | England | 49 years | Jul 2022 | - | Director |
| Ms Tessa Mijatovic | England | 39 years | Sep 2023 | - | Director |
| Mr Kenneth Curtis | United Kingdom | 63 years | Feb 2024 | - | Director |
P&L
December 2023turnover
20.3m
+13%
operating profit
1.4m
+18%
gross margin
99.4%
+1.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.5m
+0.13%
total assets
11.3m
+0.05%
cash
174k
-0.09%
net assets
Total assets minus all liabilities
blenheim underwriting limited company details
company number
10254215
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
blenheim managing agency limited (February 2017)
accountant
-
auditor
BDO LLP
address
7th floor, 70 mark lane, london, EC3R 7NQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
blenheim 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 blenheim underwriting limited.
blenheim underwriting limited Companies House Filings - See Documents
| date | description | view/download |
|---|
