assured underwriting group limited
assured underwriting group limited Company Information
Company Number
11265214
Registered Address
69 leadenhall street, london, EC3A 2BG
Industry
Activities of financial services holding companies
Telephone
02070247600
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
mobeus iv gp llp 60.8%
lendnet llp 20.9%
View Allassured underwriting group limited Estimated Valuation
Pomanda estimates the enterprise value of ASSURED UNDERWRITING GROUP LIMITED at £747.5k based on a Turnover of £887.9k and 0.84x industry multiple (adjusted for size and gross margin).
assured underwriting group limited Estimated Valuation
Pomanda estimates the enterprise value of ASSURED UNDERWRITING GROUP LIMITED at £0 based on an EBITDA of £-62.3k and a 3.41x industry multiple (adjusted for size and gross margin).
assured underwriting group limited Estimated Valuation
Pomanda estimates the enterprise value of ASSURED UNDERWRITING GROUP LIMITED at £859.6k based on Net Assets of £542.7k and 1.58x industry multiple (adjusted for liquidity).
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Assured Underwriting Group Limited Overview
Assured Underwriting Group Limited is a live company located in london, EC3A 2BG with a Companies House number of 11265214. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in March 2018, it's largest shareholder is mobeus iv gp llp with a 60.8% stake. Assured Underwriting Group Limited is a young, small sized company, Pomanda has estimated its turnover at £887.9k with rapid growth in recent years.
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Assured Underwriting Group Limited Health Check
Pomanda's financial health check has awarded Assured Underwriting Group Limited a 3 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 £885.1k, make it smaller than the average company (£10.3m)
- Assured Underwriting Group Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 108%, show it is growing at a faster rate (8.1%)
- Assured Underwriting Group Limited
8.1% - Industry AVG
Production
with a gross margin of 41.9%, this company has a higher cost of product (75.7%)
- Assured Underwriting Group Limited
75.7% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (9.6%)
- Assured Underwriting Group Limited
9.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (59)
1 - Assured Underwriting Group Limited
59 - Industry AVG
Pay Structure
on an average salary of £78.1k, the company has an equivalent pay structure (£78.1k)
- Assured Underwriting Group Limited
£78.1k - Industry AVG
Efficiency
resulting in sales per employee of £885.1k, this is more efficient (£203.9k)
- Assured Underwriting Group Limited
£203.9k - Industry AVG
Debtor Days
it gets paid by customers after 321 days, this is later than average (47 days)
- Assured Underwriting Group Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (52 days)
- Assured Underwriting Group Limited
52 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Assured Underwriting Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Assured Underwriting Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.7%, this is a lower level of debt than the average (59%)
25.7% - Assured Underwriting Group Limited
59% - Industry AVG
assured underwriting group limited Credit Report and Business Information
Assured Underwriting Group Limited Competitor Analysis
Perform a competitor analysis for assured underwriting group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
assured underwriting group limited Ownership
ASSURED UNDERWRITING GROUP LIMITED group structure
Assured Underwriting Group Limited has 1 subsidiary company.
Ultimate parent company
1 parent
ASSURED UNDERWRITING GROUP LIMITED
11265214
1 subsidiary
assured underwriting group limited directors
Assured Underwriting Group Limited currently has 4 directors. The longest serving directors include Mr Richard Watson (Aug 2018) and Mr Walter McCulloch (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Watson | England | 48 years | Aug 2018 | - | Director |
| Mr Walter McCulloch | England | 42 years | Jun 2019 | - | Director |
| Mr Frederick Bacon | 35 years | Feb 2023 | - | Director | |
| Mr Carl Beardmore | England | 65 years | May 2023 | - | Director |
ASSURED UNDERWRITING GROUP LIMITED financials
Assured Underwriting Group Limited's latest turnover from October 2023 is estimated at £887.9 thousand and the company has net assets of £542.7 thousand. According to their latest financial statements, Assured Underwriting Group Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1 | 1 | 1 | 1 | 1 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 780,000 | 800,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1 | 1 | 1 | 780,001 | 800,001 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 780,000 | 780,000 | 780,000 | 0 | 0 | 800,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 780,000 | 780,000 | 780,000 | 0 | 0 | 800,000 |
| total assets | 780,001 | 780,001 | 780,001 | 780,001 | 800,001 | 800,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,213 | 853 | 0 | 127,016 | 79,003 | 30,001 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 6,213 | 853 | 0 | 127,016 | 79,003 | 30,001 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 231,138 | 199,180 | 175,029 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 231,138 | 199,180 | 175,029 | 0 | 0 | 0 |
| total liabilities | 237,351 | 200,033 | 175,029 | 127,016 | 79,003 | 30,001 |
| net assets | 542,650 | 579,968 | 604,972 | 652,985 | 720,998 | 769,999 |
| total shareholders funds | 542,650 | 579,968 | 604,972 | 652,985 | 720,998 | 769,999 |
| Oct 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 780,000 | 0 | -800,000 | 800,000 |
| Creditors | 6,213 | 853 | -127,016 | 48,013 | 49,002 | 30,001 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | -780,000 | -20,000 | 800,000 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 56,109 | 24,151 | 175,029 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
October 2023turnover
887.9k
-9%
operating profit
-62.3k
0%
gross margin
43.7%
+3.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
542.7k
-0.1%
total assets
780k
0%
cash
0
0%
net assets
Total assets minus all liabilities
assured underwriting group limited company details
company number
11265214
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
March 2018
age
6
accounts
Micro-Entity Accounts
ultimate parent company
previous names
project sun topco limited (August 2019)
incorporated
UK
address
69 leadenhall street, london, EC3A 2BG
last accounts submitted
October 2023
assured underwriting group 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 4 charges/mortgages relating to assured underwriting group limited. Currently there are 3 open charges and 1 have been satisfied in the past.
assured underwriting group limited Companies House Filings - See Documents
| date | description | view/download |
|---|
