ice insuretech limited

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ice insuretech limited Company Information

Share ICE INSURETECH LIMITED

Company Number

10986856

Shareholders

acturis international limited

Group Structure

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Industry

Computer consultancy activities

 

Registered Address

second floor, building 4, meadows business park, camberley, GU17 9AB

ice insuretech limited Estimated Valuation

£14.7m

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

£25.1m

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

£19.8m

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

2 Weak

size

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

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

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

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

Employees

with 89 employees, this is above the industry average (12)

89 - Ice Insuretech Limited

12 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £174.6k, this is more efficient (£126.2k)

£174.6k - Ice Insuretech Limited

£126.2k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ice Insuretech Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018
Turnover15,541,00011,660,0008,993,0009,640,0007,586,0796,096,152
Other Income Or Grants
Cost Of Sales7,954,2936,075,9014,585,2484,545,4373,524,8572,693,925
Gross Profit7,586,7075,584,0994,407,7525,094,5634,061,2223,402,227
Admin Expenses4,768,7073,352,0993,803,7523,828,5633,361,9722,585,815
Operating Profit2,818,0002,232,000604,0001,266,000699,250816,412
Interest Payable15,00019,00025,00030,0001,751
Interest Receivable123,00065,00023,0001,887
Pre-Tax Profit2,926,0002,278,000602,0001,236,000701,137814,661
Tax-652,000-419,000-191,00055,000182,264322,012
Profit After Tax2,274,0001,859,000411,0001,291,000883,4011,136,673
Dividends Paid
Retained Profit2,274,0001,859,000411,0001,291,000883,4011,136,673
Employee Costs6,228,0005,589,0005,575,0005,368,0004,803,9953,649,751
Number Of Employees897883847155
EBITDA*3,764,0003,097,0001,381,0001,956,0001,113,1071,213,200

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018
Tangible Assets432,000451,000611,000805,000197,579183,279
Intangible Assets3,263,0003,692,0003,925,0003,896,0003,738,3233,641,215
Investments & Other
Debtors (Due After 1 year)5,761,0002,646,000456,0001,000
Total Fixed Assets9,456,0006,789,0004,992,0004,702,0003,935,9023,824,494
Stock & work in progress
Trade Debtors2,405,0002,409,0001,262,000774,0002,399,913415,697
Group Debtors72,889
Misc Debtors659,000382,0001,740,0001,120,000308,812211,267
Cash1,132,000561,000503,0003,315,000580,9483,001,534
misc current assets
total current assets4,196,0003,352,0003,505,0005,209,0003,362,5623,653,725
total assets13,652,00010,141,0008,497,0009,911,0007,298,4647,478,219
Bank overdraft
Bank loan
Trade Creditors 473,000132,000210,000238,0002,402,059233,577
Group/Directors Accounts92,00032,00041,00016,00071,0412,105
other short term finances
hp & lease commitments147,000102,00096,000129,000
other current liabilities3,208,0002,708,0002,453,0003,056,000822,2822,627,781
total current liabilities3,920,0002,974,0002,800,0003,439,0003,295,3823,069,557
loans
hp & lease commitments76,000260,000401,000536,000
Accruals and Deferred Income
other liabilities763,000218,000403,000620,000
provisions226,000299,000364,00053,724
total long term liabilities1,065,000777,0001,168,0001,156,00053,724235,988
total liabilities4,985,0003,751,0003,968,0004,595,0003,349,1063,305,545
net assets8,667,0006,390,0004,529,0005,316,0003,949,3584,172,674
total shareholders funds8,667,0006,390,0004,529,0005,316,0003,949,3584,172,674
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018
Operating Activities
Operating Profit2,818,0002,232,000604,0001,266,000699,250816,412
Depreciation199,000193,000213,000227,00064,56036,549
Amortisation747,000672,000564,000463,000349,297360,239
Tax-652,000-419,000-191,00055,000182,264322,012
Stock
Debtors3,388,0001,979,0001,563,000-886,6142,154,650626,964
Creditors341,000-78,000-28,000-2,164,0592,168,482233,577
Accruals and Deferred Income500,000255,000-603,0002,233,718-1,805,4992,627,781
Deferred Taxes & Provisions-73,000-65,000364,000-53,72453,724
Cash flow from operations492,000811,000-640,0002,913,549-442,5723,769,606
Investing Activities
capital expenditure-498,000-472,000-612,000-1,455,098-525,265-4,221,282
Change in Investments
cash flow from investments-498,000-472,000-612,000-1,455,098-525,265-4,221,282
Financing Activities
Bank loans
Group/Directors Accounts60,000-9,00025,000-55,04168,9362,105
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-139,000-135,000-168,000665,000
other long term liabilities545,000-185,000-217,000620,000
share issue3,0002,000-1,198,00075,642-1,106,7173,036,001
interest108,00046,000-2,000-30,0001,887-1,751
cash flow from financing577,000-281,000-1,560,0001,275,601-1,035,8943,036,355
cash and cash equivalents
cash571,00058,000-2,812,0002,734,052-2,420,5863,001,534
overdraft
change in cash571,00058,000-2,812,0002,734,052-2,420,5863,001,534

ice insuretech limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ice Insuretech Limited Competitor Analysis

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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 Shareholders

acturis international limited 100%

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).

officercountryagestartendrole
Mr Andrew PassfieldUnited Kingdom59 years Sep 2017- Director
Mr Theodore DuchenEngland58 years Nov 2017- Director
Mr Mark DaviesEngland43 years Jul 2023- Director

P&L

September 2023

turnover

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 2023

net 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.

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ice insuretech limited Companies House Filings - See Documents

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