mitre claims management ltd
mitre claims management ltd Company Information
Company Number
10291339
Website
-Registered Address
5 lloyd's avenue, london, EC3N 3AE
Industry
Other activities auxiliary to insurance and pension funding
Telephone
02034042730
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
inperio holdings limited 100%
mitre claims management ltd Estimated Valuation
Pomanda estimates the enterprise value of MITRE CLAIMS MANAGEMENT LTD at £621.9k based on a Turnover of £692.5k and 0.9x industry multiple (adjusted for size and gross margin).
mitre claims management ltd Estimated Valuation
Pomanda estimates the enterprise value of MITRE CLAIMS MANAGEMENT LTD at £0 based on an EBITDA of £-49.8k and a 4.63x industry multiple (adjusted for size and gross margin).
mitre claims management ltd Estimated Valuation
Pomanda estimates the enterprise value of MITRE CLAIMS MANAGEMENT LTD at £0 based on Net Assets of £-129.4k and 2.74x industry multiple (adjusted for liquidity).
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Mitre Claims Management Ltd Overview
Mitre Claims Management Ltd is a live company located in london, EC3N 3AE with a Companies House number of 10291339. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in July 2016, it's largest shareholder is inperio holdings limited with a 100% stake. Mitre Claims Management Ltd is a young, small sized company, Pomanda has estimated its turnover at £692.5k with rapid growth in recent years.
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Mitre Claims Management Ltd Health Check
Pomanda's financial health check has awarded Mitre Claims Management Ltd a 3 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
3 Regular
6 Weak
Size
annual sales of £692.5k, make it smaller than the average company (£2.7m)
- Mitre Claims Management Ltd
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (4.2%)
- Mitre Claims Management Ltd
4.2% - Industry AVG
Production
with a gross margin of 88.5%, this company has a comparable cost of product (88.5%)
- Mitre Claims Management Ltd
88.5% - Industry AVG
Profitability
an operating margin of -7.2% make it less profitable than the average company (10%)
- Mitre Claims Management Ltd
10% - Industry AVG
Employees
with 2 employees, this is below the industry average (29)
2 - Mitre Claims Management Ltd
29 - Industry AVG
Pay Structure
on an average salary of £49.9k, the company has an equivalent pay structure (£49.9k)
- Mitre Claims Management Ltd
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £346.3k, this is more efficient (£116.7k)
- Mitre Claims Management Ltd
£116.7k - Industry AVG
Debtor Days
it gets paid by customers after 148 days, this is later than average (68 days)
- Mitre Claims Management Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (52 days)
- Mitre Claims Management Ltd
52 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mitre Claims Management Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (22 weeks)
20 weeks - Mitre Claims Management Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 118.8%, this is a higher level of debt than the average (69.6%)
118.8% - Mitre Claims Management Ltd
69.6% - Industry AVG
MITRE CLAIMS MANAGEMENT LTD financials
Mitre Claims Management Ltd's latest turnover from March 2023 is estimated at £692.5 thousand and the company has net assets of -£129.4 thousand. According to their latest financial statements, Mitre Claims Management Ltd has 2 employees and maintains cash reserves of £328.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 281,927 | 49,768 | 33,825 | 23,318 | 5,475 | 0 | 0 |
| Group Debtors | 50,008 | 50,024 | 0 | 2 | 100 | 0 | 0 |
| Misc Debtors | 28,295 | 25,495 | 25,501 | 616 | 0 | 100 | 0 |
| Cash | 328,906 | 121,757 | 153,452 | 87,266 | 52,810 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 689,136 | 247,044 | 212,778 | 111,202 | 58,385 | 100 | 0 |
| total assets | 689,136 | 247,044 | 212,778 | 111,202 | 58,385 | 100 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,987 | 132 | 12,180 | 2,350 | 1,150 | 0 | 0 |
| Group/Directors Accounts | 424,373 | 149,446 | 65,523 | 28,228 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 390,129 | 186,631 | 157,707 | 57,841 | 50,991 | 0 | 0 |
| total current liabilities | 818,489 | 336,209 | 235,410 | 88,419 | 52,141 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 818,489 | 336,209 | 235,410 | 88,419 | 52,141 | 0 | 0 |
| net assets | -129,353 | -89,165 | -22,632 | 22,783 | 6,244 | 100 | 0 |
| total shareholders funds | -129,353 | -89,165 | -22,632 | 22,783 | 6,244 | 100 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 234,943 | 65,961 | 35,390 | 18,361 | 5,475 | 100 | 0 |
| Creditors | 3,855 | -12,048 | 9,830 | 1,200 | 1,150 | 0 | 0 |
| Accruals and Deferred Income | 203,498 | 28,924 | 99,866 | 6,850 | 50,991 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 274,927 | 83,923 | 37,295 | 28,228 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 207,149 | -31,695 | 66,186 | 34,456 | 52,810 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 207,149 | -31,695 | 66,186 | 34,456 | 52,810 | 0 | 0 |
mitre claims management ltd Credit Report and Business Information
Mitre Claims Management Ltd Competitor Analysis
Perform a competitor analysis for mitre claims management ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3N area or any other competitors across 12 key performance metrics.
mitre claims management ltd Ownership
MITRE CLAIMS MANAGEMENT LTD group structure
Mitre Claims Management Ltd has no subsidiary companies.
mitre claims management ltd directors
Mitre Claims Management Ltd currently has 2 directors. The longest serving directors include Mr Daniel Smith (Jul 2016) and Mr Simon Lovat (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Smith | United Kingdom | 39 years | Jul 2016 | - | Director |
| Mr Simon Lovat | United Kingdom | 43 years | Jul 2016 | - | Director |
P&L
March 2023turnover
692.5k
+243%
operating profit
-49.8k
0%
gross margin
88.5%
+0.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-129.4k
+0.45%
total assets
689.1k
+1.79%
cash
328.9k
+1.7%
net assets
Total assets minus all liabilities
mitre claims management ltd company details
company number
10291339
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
July 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
5 lloyd's avenue, london, EC3N 3AE
accountant
RPG CROUCH CHAPMAN LLP
auditor
-
mitre claims management ltd 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 mitre claims management ltd.
mitre claims management ltd Companies House Filings - See Documents
| date | description | view/download |
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