kgm underwriting services limited
kgm underwriting services limited Company Information
Company Number
10581020
Next Accounts
Jun 2025
Shareholders
dual international limited
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
2nd floor, st james house, 27-43 eastern road, romford, essex, RM1 3NH
Website
howdengroup.co.ukkgm underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of KGM UNDERWRITING SERVICES LIMITED at £17.1m based on a Turnover of £13.7m and 1.25x industry multiple (adjusted for size and gross margin).
kgm underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of KGM UNDERWRITING SERVICES LIMITED at £17.7m based on an EBITDA of £2.5m and a 6.97x industry multiple (adjusted for size and gross margin).
kgm underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of KGM UNDERWRITING SERVICES LIMITED at £25.1m based on Net Assets of £14.6m and 1.72x industry multiple (adjusted for liquidity).
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Kgm Underwriting Services Limited Overview
Kgm Underwriting Services Limited is a live company located in romford, RM1 3NH with a Companies House number of 10581020. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in January 2017, it's largest shareholder is dual international limited with a 100% stake. Kgm Underwriting Services Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.7m with high growth in recent years.
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Kgm Underwriting Services Limited Health Check
Pomanda's financial health check has awarded Kgm Underwriting Services Limited a 3.5 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
2 Regular
4 Weak
Size
annual sales of £13.7m, make it larger than the average company (£2.9m)
£13.7m - Kgm Underwriting Services Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.9%)
17% - Kgm Underwriting Services Limited
5.9% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (95.9%)
100% - Kgm Underwriting Services Limited
95.9% - Industry AVG
Profitability
an operating margin of 13.7% make it less profitable than the average company (18.9%)
13.7% - Kgm Underwriting Services Limited
18.9% - Industry AVG
Employees
with 84 employees, this is above the industry average (17)
84 - Kgm Underwriting Services Limited
17 - Industry AVG
Pay Structure
on an average salary of £68.9k, the company has a higher pay structure (£48.7k)
£68.9k - Kgm Underwriting Services Limited
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £163.3k, this is more efficient (£113.5k)
£163.3k - Kgm Underwriting Services Limited
£113.5k - Industry AVG
Debtor Days
it gets paid by customers after 456 days, this is later than average (73 days)
456 days - Kgm Underwriting Services Limited
73 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Kgm Underwriting Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kgm Underwriting Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is average cash available to meet short term requirements (36 weeks)
33 weeks - Kgm Underwriting Services Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.1%, this is a higher level of debt than the average (61.2%)
77.1% - Kgm Underwriting Services Limited
61.2% - Industry AVG
KGM UNDERWRITING SERVICES LIMITED financials
Kgm Underwriting Services Limited's latest turnover from September 2023 is £13.7 million and the company has net assets of £14.6 million. According to their latest financial statements, Kgm Underwriting Services Limited has 84 employees and maintains cash reserves of £29.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 13,720,078 | 17,776,044 | 6,713,772 | 9,711,250 | 8,634,732 | 8,575,854 | 8,133,791 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | 13,720,078 | 17,776,044 | |||||
| Admin Expenses | 11,842,646 | 9,595,058 | |||||
| Operating Profit | 1,877,432 | 8,180,986 | 516,085 | 941,284 | -521,473 | -703,704 | -668,590 |
| Interest Payable | 1,994 | 42 | 415,767 | ||||
| Interest Receivable | 39,031 | ||||||
| Pre-Tax Profit | 1,916,463 | 8,180,986 | 516,085 | 939,290 | -521,473 | -703,746 | -1,084,357 |
| Tax | -568,142 | -1,527,101 | -112,505 | -323,117 | 104,576 | 91,153 | 169,797 |
| Profit After Tax | 1,348,321 | 6,653,885 | 403,580 | 616,173 | -416,897 | -612,593 | -914,560 |
| Dividends Paid | |||||||
| Retained Profit | 1,348,321 | 6,653,885 | 403,580 | 616,173 | -416,897 | -612,593 | -914,560 |
| Employee Costs | 5,785,106 | 5,060,399 | 2,791,945 | 4,403,456 | 4,357,339 | ||
| Number Of Employees | 84 | 84 | 68 | 70 | 79 | 84 | |
| EBITDA* | 2,543,890 | 8,974,446 | 1,055,379 | 1,899,345 | 417,739 | 104,224 | -424,122 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 308,212 | 256,291 | 170,431 | 115,409 | 203,939 | 241,504 | 235,714 |
| Intangible Assets | 2,009,252 | 1,930,559 | 2,311,392 | 2,872,802 | 3,503,534 | 4,110,306 | 4,065,912 |
| Investments & Other | 6,339,576 | 6,339,576 | |||||
| Debtors (Due After 1 year) | 26,583 | 18,039 | |||||
| Total Fixed Assets | 8,683,623 | 8,544,465 | 2,481,823 | 2,988,211 | 3,707,473 | 4,351,810 | 4,301,626 |
| Stock & work in progress | |||||||
| Trade Debtors | 17,176,327 | 14,866,384 | 10,151,021 | 7,674,017 | 7,148,586 | 7,553,720 | 6,877,604 |
| Group Debtors | 7,922,941 | 2,642,279 | 4,339,043 | 664,000 | 664,000 | 1,514,000 | |
| Misc Debtors | 735,063 | 424,036 | 340,333 | 563,146 | 1,301,841 | 392,310 | 219,557 |
| Cash | 29,301,545 | 31,098,618 | 21,493,259 | 17,959,019 | 18,373,392 | 14,736,045 | 18,156,893 |
| misc current assets | 287 | ||||||
| total current assets | 55,135,876 | 49,031,317 | 36,323,656 | 26,860,182 | 27,488,106 | 24,196,075 | 25,254,054 |
| total assets | 63,819,499 | 57,575,782 | 38,805,479 | 29,848,393 | 31,195,579 | 28,547,885 | 29,555,680 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 43,172,823 | 41,553,168 | 29,669,962 | 21,183,246 | 24,088,789 | 20,815,020 | 22,891,092 |
| Group/Directors Accounts | 483,982 | 257,257 | 151,941 | ||||
| other short term finances | 191,734 | ||||||
| hp & lease commitments | |||||||
| other current liabilities | 2,806,419 | 2,969,633 | 2,772,567 | 2,390,400 | 1,686,700 | 2,089,076 | 7,579,147 |
| total current liabilities | 45,979,242 | 44,522,801 | 32,634,263 | 24,057,628 | 26,032,746 | 23,056,037 | 30,470,239 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | 3,213,693 | 229,777 | 61,777 | 99,641 | 87,882 | ||
| total long term liabilities | 3,213,693 | 229,777 | 61,777 | 99,641 | 87,882 | ||
| total liabilities | 49,192,935 | 44,752,578 | 32,696,040 | 24,157,269 | 26,120,628 | 23,056,037 | 30,470,239 |
| net assets | 14,626,564 | 12,823,204 | 6,109,439 | 5,691,124 | 5,074,951 | 5,491,848 | -914,559 |
| total shareholders funds | 14,626,564 | 12,823,204 | 6,109,439 | 5,691,124 | 5,074,951 | 5,491,848 | -914,559 |
| Sep 2023 | Sep 2022 | Sep 2021 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,877,432 | 8,180,986 | 516,085 | 941,284 | -521,473 | -703,704 | -668,590 |
| Depreciation | 82,358 | 79,627 | 47,104 | 67,952 | 84,073 | 75,108 | 58,929 |
| Amortisation | 584,100 | 713,833 | 492,190 | 890,109 | 855,139 | 732,820 | 185,539 |
| Tax | -568,142 | -1,527,101 | -112,505 | -323,117 | 104,576 | 91,153 | 169,797 |
| Stock | |||||||
| Debtors | 7,910,176 | 3,120,341 | 5,715,970 | -213,264 | -345,603 | 2,362,869 | 7,097,161 |
| Creditors | 1,619,655 | 11,883,206 | 5,581,173 | -2,905,543 | 3,273,769 | -2,076,072 | 22,891,092 |
| Accruals and Deferred Income | -163,214 | 197,066 | 1,085,867 | 703,700 | -402,376 | -5,490,071 | 7,579,147 |
| Deferred Taxes & Provisions | 2,983,916 | 168,000 | -26,105 | 11,759 | 87,882 | ||
| Cash flow from operations | -1,494,071 | 16,575,276 | 1,867,839 | -400,592 | 3,827,193 | -9,733,635 | 23,118,753 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 6,339,576 | ||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -257,257 | 226,725 | 105,316 | 151,941 | |||
| Other Short Term Loans | -191,734 | 191,734 | |||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | 39,031 | -1,994 | -42 | -415,767 | |||
| cash flow from financing | 494,070 | -131,854 | 565,385 | 224,731 | 105,316 | 7,170,899 | -415,766 |
| cash and cash equivalents | |||||||
| cash | -1,797,073 | 9,605,359 | 3,119,867 | -414,373 | 3,637,347 | -3,420,848 | 18,156,893 |
| overdraft | |||||||
| change in cash | -1,797,073 | 9,605,359 | 3,119,867 | -414,373 | 3,637,347 | -3,420,848 | 18,156,893 |
kgm underwriting services limited Credit Report and Business Information
Kgm Underwriting Services Limited Competitor Analysis
Perform a competitor analysis for kgm underwriting services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in RM1 area or any other competitors across 12 key performance metrics.
kgm underwriting services limited Ownership
KGM UNDERWRITING SERVICES LIMITED group structure
Kgm Underwriting Services Limited has 1 subsidiary company.
Ultimate parent company
2 parents
KGM UNDERWRITING SERVICES LIMITED
10581020
1 subsidiary
kgm underwriting services limited directors
Kgm Underwriting Services Limited currently has 5 directors. The longest serving directors include Ms Julie Adams-Moore (Apr 2019) and Mr John Hamilton (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Julie Adams-Moore | United Kingdom | 43 years | Apr 2019 | - | Director |
| Mr John Hamilton | United Kingdom | 60 years | Sep 2023 | - | Director |
| Mr David Reid | United Kingdom | 60 years | Sep 2023 | - | Director |
| Mr Neil Manvell | United Kingdom | 59 years | Nov 2023 | - | Director |
| Mr Ciaran Astin | United Kingdom | 46 years | Apr 2024 | - | Director |
P&L
September 2023turnover
13.7m
-23%
operating profit
1.9m
-77%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
14.6m
+0.14%
total assets
63.8m
+0.11%
cash
29.3m
-0.06%
net assets
Total assets minus all liabilities
kgm underwriting services limited company details
company number
10581020
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
kgmus limited (March 2017)
accountant
-
auditor
ERNST & YOUNG LLP
address
2nd floor, st james house, 27-43 eastern road, romford, essex, RM1 3NH
Bank
-
Legal Advisor
-
kgm underwriting services 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 found 6 charges/mortgages relating to kgm underwriting services limited. Currently there are 3 open charges and 3 have been satisfied in the past.
kgm underwriting services limited 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 KGM UNDERWRITING SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
kgm underwriting services limited Companies House Filings - See Documents
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