insuring made simple ltd
insuring made simple ltd Company Information
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
suite 1.2 89-93 manningham lane, bradford, BD1 3BN
Website
-insuring made simple ltd Estimated Valuation
Pomanda estimates the enterprise value of INSURING MADE SIMPLE LTD at £12.1k based on a Turnover of £14.8k and 0.81x industry multiple (adjusted for size and gross margin).
insuring made simple ltd Estimated Valuation
Pomanda estimates the enterprise value of INSURING MADE SIMPLE LTD at £0 based on an EBITDA of £-885 and a 4.95x industry multiple (adjusted for size and gross margin).
insuring made simple ltd Estimated Valuation
Pomanda estimates the enterprise value of INSURING MADE SIMPLE LTD at £16.1k based on Net Assets of £8.5k and 1.9x industry multiple (adjusted for liquidity).
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Insuring Made Simple Ltd Overview
Insuring Made Simple Ltd is a live company located in bradford, BD1 3BN with a Companies House number of 10291450. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in July 2016, it's largest shareholder is mohammad zaheer with a 100% stake. Insuring Made Simple Ltd is a young, micro sized company, Pomanda has estimated its turnover at £14.8k with rapid growth in recent years.
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Insuring Made Simple Ltd Health Check
Pomanda's financial health check has awarded Insuring Made Simple Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £14.8k, make it smaller than the average company (£2.6m)
- Insuring Made Simple Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 101%, show it is growing at a faster rate (5.9%)
- Insuring Made Simple Ltd
5.9% - Industry AVG
Production
with a gross margin of 65.2%, this company has a higher cost of product (96%)
- Insuring Made Simple Ltd
96% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (18.9%)
- Insuring Made Simple Ltd
18.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (16)
- Insuring Made Simple Ltd
16 - Industry AVG
Pay Structure
on an average salary of £48.6k, the company has an equivalent pay structure (£48.6k)
- Insuring Made Simple Ltd
£48.6k - Industry AVG
Efficiency
resulting in sales per employee of £14.8k, this is less efficient (£113.4k)
- Insuring Made Simple Ltd
£113.4k - Industry AVG
Debtor Days
it gets paid by customers after 237 days, this is later than average (73 days)
- Insuring Made Simple Ltd
73 days - Industry AVG
Creditor Days
its suppliers are paid after 191 days, this is slower than average (126 days)
- Insuring Made Simple Ltd
126 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Insuring Made Simple Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Insuring Made Simple Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.5%, this is a lower level of debt than the average (61.5%)
27.5% - Insuring Made Simple Ltd
61.5% - Industry AVG
INSURING MADE SIMPLE LTD financials
Insuring Made Simple Ltd's latest turnover from July 2023 is estimated at £14.8 thousand and the company has net assets of £8.5 thousand. According to their latest financial statements, we estimate that Insuring Made Simple Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 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 | 1 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,000 | 2,250 | 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 | 2,000 | 2,250 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,672 | 10,208 | 7,510 | 918 | 361 | 349 | 1,543 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,672 | 10,208 | 7,510 | 918 | 361 | 349 | 1,543 |
| total assets | 11,672 | 12,458 | 7,510 | 918 | 361 | 349 | 1,543 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,710 | 2,611 | 2,848 | 3,121 | 2,886 | 2,901 | 1,233 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,710 | 2,611 | 2,848 | 3,121 | 2,886 | 2,901 | 1,233 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 500 | 500 | 500 | 500 | 500 | 500 | 250 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 500 | 500 | 500 | 500 | 500 | 500 | 250 |
| total liabilities | 3,210 | 3,111 | 3,348 | 3,621 | 3,386 | 3,401 | 1,483 |
| net assets | 8,462 | 9,347 | 4,162 | -2,703 | -3,025 | -3,052 | 60 |
| total shareholders funds | 8,462 | 9,347 | 4,162 | -2,703 | -3,025 | -3,052 | 60 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -536 | 2,698 | 6,592 | 557 | 12 | -1,194 | 1,543 |
| Creditors | 99 | -237 | -273 | 235 | -15 | 1,668 | 1,233 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 250 | 250 |
| 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 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
insuring made simple ltd Credit Report and Business Information
Insuring Made Simple Ltd Competitor Analysis
Perform a competitor analysis for insuring made simple ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BD1 area or any other competitors across 12 key performance metrics.
insuring made simple ltd Ownership
INSURING MADE SIMPLE LTD group structure
Insuring Made Simple Ltd has no subsidiary companies.
Ultimate parent company
INSURING MADE SIMPLE LTD
10291450
insuring made simple ltd directors
Insuring Made Simple Ltd currently has 1 director, Mr Mohammad Zaheer serving since Jul 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammad Zaheer | England | 40 years | Jul 2016 | - | Director |
P&L
July 2023turnover
14.8k
-12%
operating profit
-885
0%
gross margin
65.3%
+3.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
8.5k
-0.09%
total assets
11.7k
-0.06%
cash
0
0%
net assets
Total assets minus all liabilities
insuring made simple ltd company details
company number
10291450
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
July 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
suite 1.2 89-93 manningham lane, bradford, BD1 3BN
Bank
-
Legal Advisor
-
insuring made simple 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 insuring made simple ltd.
insuring made simple ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for INSURING MADE SIMPLE LTD. This can take several minutes, an email will notify you when this has completed.
insuring made simple ltd Companies House Filings - See Documents
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