ice insuretech limited
ice insuretech limited Company Information
Company Number
10986856
Next Accounts
Jun 2025
Shareholders
acturis international limited
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
second floor, building 4, meadows business park, camberley, GU17 9AB
Website
www.iceinsuretech.comice insuretech limited Estimated Valuation
Pomanda estimates the enterprise value of ICE INSURETECH LIMITED at £14.7m based on a Turnover of £15.5m and 0.95x industry multiple (adjusted for size and gross margin).
ice insuretech limited Estimated Valuation
Pomanda estimates the enterprise value of ICE INSURETECH LIMITED at £25.1m based on an EBITDA of £3.8m and a 6.67x industry multiple (adjusted for size and gross margin).
ice insuretech limited Estimated Valuation
Pomanda estimates the enterprise value of ICE INSURETECH LIMITED at £19.8m based on Net Assets of £8.7m and 2.29x industry multiple (adjusted for liquidity).
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Ice Insuretech Limited Overview
Ice Insuretech Limited is a live company located in camberley, GU17 9AB with a Companies House number of 10986856. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2017, it's largest shareholder is acturis international limited with a 100% stake. Ice Insuretech Limited is a young, mid sized company, Pomanda has estimated its turnover at £15.5m with high growth in recent years.
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Ice Insuretech Limited Health Check
Pomanda's financial health check has awarded Ice Insuretech Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £15.5m, make it larger than the average company (£1.3m)
£15.5m - Ice Insuretech Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.8%)
17% - Ice Insuretech Limited
6.8% - Industry AVG
Production
with a gross margin of 48.8%, this company has a comparable cost of product (48.8%)
48.8% - Ice Insuretech Limited
48.8% - Industry AVG
Profitability
an operating margin of 18.1% make it more profitable than the average company (6.8%)
18.1% - Ice Insuretech Limited
6.8% - Industry AVG
Employees
with 89 employees, this is above the industry average (12)
89 - Ice Insuretech Limited
12 - Industry AVG
Pay Structure
on an average salary of £70k, the company has a higher pay structure (£56.7k)
£70k - Ice Insuretech Limited
£56.7k - Industry AVG
Efficiency
resulting in sales per employee of £174.6k, this is more efficient (£126.2k)
£174.6k - Ice Insuretech Limited
£126.2k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (63 days)
56 days - Ice Insuretech Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (29 days)
21 days - Ice Insuretech Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ice Insuretech Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (18 weeks)
15 weeks - Ice Insuretech Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.5%, this is a lower level of debt than the average (58%)
36.5% - Ice Insuretech Limited
58% - Industry AVG
ICE INSURETECH LIMITED financials
Ice Insuretech Limited's latest turnover from September 2023 is £15.5 million and the company has net assets of £8.7 million. According to their latest financial statements, Ice Insuretech Limited has 89 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 15,541,000 | 11,660,000 | 8,993,000 | 9,640,000 | 7,586,079 | 6,096,152 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | 2,818,000 | 2,232,000 | 604,000 | 1,266,000 | 699,250 | 816,412 |
| Interest Payable | 15,000 | 19,000 | 25,000 | 30,000 | 1,751 | |
| Interest Receivable | 123,000 | 65,000 | 23,000 | 1,887 | ||
| Pre-Tax Profit | 2,926,000 | 2,278,000 | 602,000 | 1,236,000 | 701,137 | 814,661 |
| Tax | -652,000 | -419,000 | -191,000 | 55,000 | 182,264 | 322,012 |
| Profit After Tax | 2,274,000 | 1,859,000 | 411,000 | 1,291,000 | 883,401 | 1,136,673 |
| Dividends Paid | ||||||
| Retained Profit | 2,274,000 | 1,859,000 | 411,000 | 1,291,000 | 883,401 | 1,136,673 |
| Employee Costs | 6,228,000 | 5,589,000 | 5,575,000 | 5,368,000 | 4,803,995 | 3,649,751 |
| Number Of Employees | 89 | 78 | 83 | 84 | 71 | 55 |
| EBITDA* | 3,764,000 | 3,097,000 | 1,381,000 | 1,956,000 | 1,113,107 | 1,213,200 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 432,000 | 451,000 | 611,000 | 805,000 | 197,579 | 183,279 |
| Intangible Assets | 3,263,000 | 3,692,000 | 3,925,000 | 3,896,000 | 3,738,323 | 3,641,215 |
| Investments & Other | ||||||
| Debtors (Due After 1 year) | 5,761,000 | 2,646,000 | 456,000 | 1,000 | ||
| Total Fixed Assets | 9,456,000 | 6,789,000 | 4,992,000 | 4,702,000 | 3,935,902 | 3,824,494 |
| Stock & work in progress | ||||||
| Trade Debtors | 2,405,000 | 2,409,000 | 1,262,000 | 774,000 | 2,399,913 | 415,697 |
| Group Debtors | 72,889 | |||||
| Misc Debtors | 659,000 | 382,000 | 1,740,000 | 1,120,000 | 308,812 | 211,267 |
| Cash | 1,132,000 | 561,000 | 503,000 | 3,315,000 | 580,948 | 3,001,534 |
| misc current assets | ||||||
| total current assets | 4,196,000 | 3,352,000 | 3,505,000 | 5,209,000 | 3,362,562 | 3,653,725 |
| total assets | 13,652,000 | 10,141,000 | 8,497,000 | 9,911,000 | 7,298,464 | 7,478,219 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 473,000 | 132,000 | 210,000 | 238,000 | 2,402,059 | 233,577 |
| Group/Directors Accounts | 92,000 | 32,000 | 41,000 | 16,000 | 71,041 | 2,105 |
| other short term finances | ||||||
| hp & lease commitments | 147,000 | 102,000 | 96,000 | 129,000 | ||
| other current liabilities | 3,208,000 | 2,708,000 | 2,453,000 | 3,056,000 | 822,282 | 2,627,781 |
| total current liabilities | 3,920,000 | 2,974,000 | 2,800,000 | 3,439,000 | 3,295,382 | 3,069,557 |
| loans | ||||||
| hp & lease commitments | 76,000 | 260,000 | 401,000 | 536,000 | ||
| Accruals and Deferred Income | ||||||
| other liabilities | 763,000 | 218,000 | 403,000 | 620,000 | ||
| provisions | 226,000 | 299,000 | 364,000 | 53,724 | ||
| total long term liabilities | 1,065,000 | 777,000 | 1,168,000 | 1,156,000 | 53,724 | 235,988 |
| total liabilities | 4,985,000 | 3,751,000 | 3,968,000 | 4,595,000 | 3,349,106 | 3,305,545 |
| net assets | 8,667,000 | 6,390,000 | 4,529,000 | 5,316,000 | 3,949,358 | 4,172,674 |
| total shareholders funds | 8,667,000 | 6,390,000 | 4,529,000 | 5,316,000 | 3,949,358 | 4,172,674 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 2,818,000 | 2,232,000 | 604,000 | 1,266,000 | 699,250 | 816,412 |
| Depreciation | 199,000 | 193,000 | 213,000 | 227,000 | 64,560 | 36,549 |
| Amortisation | 747,000 | 672,000 | 564,000 | 463,000 | 349,297 | 360,239 |
| Tax | -652,000 | -419,000 | -191,000 | 55,000 | 182,264 | 322,012 |
| Stock | ||||||
| Debtors | 3,388,000 | 1,979,000 | 1,563,000 | -886,614 | 2,154,650 | 626,964 |
| Creditors | 341,000 | -78,000 | -28,000 | -2,164,059 | 2,168,482 | 233,577 |
| Accruals and Deferred Income | 500,000 | 255,000 | -603,000 | 2,233,718 | -1,805,499 | 2,627,781 |
| Deferred Taxes & Provisions | -73,000 | -65,000 | 364,000 | -53,724 | 53,724 | |
| Cash flow from operations | 492,000 | 811,000 | -640,000 | 2,913,549 | -442,572 | 3,769,606 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 60,000 | -9,000 | 25,000 | -55,041 | 68,936 | 2,105 |
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | -139,000 | -135,000 | -168,000 | 665,000 | ||
| other long term liabilities | 545,000 | -185,000 | -217,000 | 620,000 | ||
| share issue | ||||||
| interest | 108,000 | 46,000 | -2,000 | -30,000 | 1,887 | -1,751 |
| cash flow from financing | 577,000 | -281,000 | -1,560,000 | 1,275,601 | -1,035,894 | 3,036,355 |
| cash and cash equivalents | ||||||
| cash | 571,000 | 58,000 | -2,812,000 | 2,734,052 | -2,420,586 | 3,001,534 |
| overdraft | ||||||
| change in cash | 571,000 | 58,000 | -2,812,000 | 2,734,052 | -2,420,586 | 3,001,534 |
ice insuretech limited Credit Report and Business Information
Ice Insuretech Limited Competitor Analysis
Perform a competitor analysis for ice insuretech limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in GU17 area or any other competitors across 12 key performance metrics.
ice insuretech limited Ownership
ICE INSURETECH LIMITED group structure
Ice Insuretech Limited has no subsidiary companies.
Ultimate parent company
2 parents
ICE INSURETECH LIMITED
10986856
ice insuretech limited directors
Ice Insuretech Limited currently has 3 directors. The longest serving directors include Mr Andrew Passfield (Sep 2017) and Mr Theodore Duchen (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Passfield | United Kingdom | 59 years | Sep 2017 | - | Director |
| Mr Theodore Duchen | England | 58 years | Nov 2017 | - | Director |
| Mr Mark Davies | England | 43 years | Jul 2023 | - | Director |
P&L
September 2023turnover
15.5m
+33%
operating profit
2.8m
+26%
gross margin
48.9%
+1.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
8.7m
+0.36%
total assets
13.7m
+0.35%
cash
1.1m
+1.02%
net assets
Total assets minus all liabilities
ice insuretech limited company details
company number
10986856
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
second floor, building 4, meadows business park, camberley, GU17 9AB
Bank
-
Legal Advisor
-
ice insuretech 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 2 charges/mortgages relating to ice insuretech limited. Currently there are 1 open charges and 1 have been satisfied in the past.
ice insuretech 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 ICE INSURETECH LIMITED. This can take several minutes, an email will notify you when this has completed.
ice insuretech limited Companies House Filings - See Documents
| date | description | view/download |
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