optimum ins services ltd
optimum ins services ltd Company Information
Company Number
10737758
Next Accounts
Apr 2025
Directors
Shareholders
andrea timberlake
tristan haines
View AllGroup Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
arena business centre, threefield lane, southampton, SO14 3LP
optimum ins services ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM INS SERVICES LTD at £255.4k based on a Turnover of £346.1k and 0.74x industry multiple (adjusted for size and gross margin).
optimum ins services ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM INS SERVICES LTD at £127 based on an EBITDA of £30 and a 4.12x industry multiple (adjusted for size and gross margin).
optimum ins services ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM INS SERVICES LTD at £52.4k based on Net Assets of £30.5k and 1.72x industry multiple (adjusted for liquidity).
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Optimum Ins Services Ltd Overview
Optimum Ins Services Ltd is a dissolved company that was located in southampton, SO14 3LP with a Companies House number of 10737758. It operated in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in April 2017, it's largest shareholder was andrea timberlake with a 35% stake. The last turnover for Optimum Ins Services Ltd was estimated at £346.1k.
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Optimum Ins Services Ltd Health Check
Pomanda's financial health check has awarded Optimum Ins Services Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
7 Weak
Size
annual sales of £346.1k, make it smaller than the average company (£2.4m)
- Optimum Ins Services Ltd
£2.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Optimum Ins Services Ltd
- - Industry AVG
Production
with a gross margin of 57.9%, this company has a higher cost of product (87%)
- Optimum Ins Services Ltd
87% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (11.6%)
- Optimum Ins Services Ltd
11.6% - Industry AVG
Employees
with 7 employees, this is below the industry average (25)
7 - Optimum Ins Services Ltd
25 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)
- Optimum Ins Services Ltd
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £49.4k, this is less efficient (£98.1k)
- Optimum Ins Services Ltd
£98.1k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (61 days)
- Optimum Ins Services Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is quicker than average (97 days)
- Optimum Ins Services Ltd
97 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Optimum Ins Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Optimum Ins Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.3%, this is a similar level of debt than the average (66.6%)
69.3% - Optimum Ins Services Ltd
66.6% - Industry AVG
OPTIMUM INS SERVICES LTD financials
Optimum Ins Services Ltd's latest turnover from April 2019 is estimated at £346.1 thousand and the company has net assets of £30.5 thousand. According to their latest financial statements, Optimum Ins Services Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2019 | Apr 2018 | |
|---|---|---|
| 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 | 7 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2019 | Apr 2018 | |
|---|---|---|
| Tangible Assets | 4,999 | 4,419 |
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 4,999 | 4,419 |
| Stock & work in progress | ||
| Trade Debtors | 94,390 | 75,799 |
| Group Debtors | ||
| Misc Debtors | ||
| Cash | ||
| misc current assets | ||
| total current assets | 94,390 | 75,799 |
| total assets | 99,389 | 80,218 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 23,631 | 4,485 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 23,631 | 4,485 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | 45,267 | 45,267 |
| provisions | ||
| total long term liabilities | 45,267 | 45,267 |
| total liabilities | 68,898 | 49,752 |
| net assets | 30,491 | 30,466 |
| total shareholders funds | 30,491 | 30,466 |
| Apr 2019 | Apr 2018 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 18,591 | 75,799 |
| Creditors | 19,146 | 4,485 |
| Accruals and Deferred Income | ||
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | ||
| Other Short Term Loans | ||
| Long term loans | ||
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | 45,267 | |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | ||
| overdraft | ||
| change in cash |
optimum ins services ltd Credit Report and Business Information
Optimum Ins Services Ltd Competitor Analysis
Perform a competitor analysis for optimum ins services ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in SO14 area or any other competitors across 12 key performance metrics.
optimum ins services ltd Ownership
OPTIMUM INS SERVICES LTD group structure
Optimum Ins Services Ltd has no subsidiary companies.
Ultimate parent company
OPTIMUM INS SERVICES LTD
10737758
optimum ins services ltd directors
Optimum Ins Services Ltd currently has 1 director, Mr Tristan Haines serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tristan Haines | England | 44 years | Apr 2017 | - | Director |
P&L
April 2019turnover
346.1k
+71%
operating profit
30.9
0%
gross margin
57.9%
+9.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2019net assets
30.5k
0%
total assets
99.4k
+0.24%
cash
0
0%
net assets
Total assets minus all liabilities
optimum ins services ltd company details
company number
10737758
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2019
previous names
N/A
accountant
-
auditor
-
address
arena business centre, threefield lane, southampton, SO14 3LP
Bank
-
Legal Advisor
-
optimum ins services 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 optimum ins services ltd.
optimum ins services 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 OPTIMUM INS SERVICES LTD. This can take several minutes, an email will notify you when this has completed.
optimum ins services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
