insurwave limited
insurwave limited Company Information
Company Number
11284335
Next Accounts
Sep 2025
Shareholders
incubex inc.
ipgl limited
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
5 clifford street, london, W1S 2LG
Website
insurwave.cominsurwave limited Estimated Valuation
Pomanda estimates the enterprise value of INSURWAVE LIMITED at £2.2m based on a Turnover of £1.9m and 1.17x industry multiple (adjusted for size and gross margin).
insurwave limited Estimated Valuation
Pomanda estimates the enterprise value of INSURWAVE LIMITED at £0 based on an EBITDA of £-3.7m and a 4.56x industry multiple (adjusted for size and gross margin).
insurwave limited Estimated Valuation
Pomanda estimates the enterprise value of INSURWAVE LIMITED at £0 based on Net Assets of £-969k and 1.31x industry multiple (adjusted for liquidity).
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Insurwave Limited Overview
Insurwave Limited is a live company located in london, W1S 2LG with a Companies House number of 11284335. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2018, it's largest shareholder is incubex inc. with a 69.1% stake. Insurwave Limited is a young, small sized company, Pomanda has estimated its turnover at £1.9m with rapid growth in recent years.
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Insurwave Limited Health Check
Pomanda's financial health check has awarded Insurwave Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£18.9m)
£1.9m - Insurwave Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 99%, show it is growing at a faster rate (10.6%)
99% - Insurwave Limited
10.6% - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)
36.3% - Insurwave Limited
36.3% - Industry AVG
Profitability
an operating margin of -276.4% make it less profitable than the average company (4.5%)
-276.4% - Insurwave Limited
4.5% - Industry AVG
Employees
with 63 employees, this is below the industry average (105)
63 - Insurwave Limited
105 - Industry AVG
Pay Structure
on an average salary of £72.8k, the company has a higher pay structure (£44.7k)
£72.8k - Insurwave Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £29.9k, this is less efficient (£191.6k)
£29.9k - Insurwave Limited
£191.6k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (45 days)
73 days - Insurwave Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 609 days, this is slower than average (44 days)
609 days - Insurwave Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Insurwave Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (14 weeks)
6 weeks - Insurwave Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110%, this is a higher level of debt than the average (69.6%)
110% - Insurwave Limited
69.6% - Industry AVG
INSURWAVE LIMITED financials
Insurwave Limited's latest turnover from December 2023 is £1.9 million and the company has net assets of -£969 thousand. According to their latest financial statements, Insurwave Limited has 63 employees and maintains cash reserves of £318 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Jul 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Turnover | 1,886,000 | 949,000 | 524,000 | 239,000 | 109,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | -5,213,000 | -2,754,000 | -7,806,000 | -3,135,000 | -2,311,000 |
| Interest Payable | 284,000 | 28,000 | 461,000 | 304,000 | 170,000 |
| Interest Receivable | 0 | 0 | 0 | 2,000 | 0 |
| Pre-Tax Profit | -5,497,000 | -2,782,000 | -8,267,000 | -3,437,000 | -2,481,000 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -5,497,000 | -2,782,000 | -8,267,000 | -3,437,000 | -2,481,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -5,497,000 | -2,782,000 | -8,267,000 | -3,437,000 | -2,481,000 |
| Employee Costs | 4,588,000 | 1,912,000 | 2,887,000 | 723,000 | 0 |
| Number Of Employees | 63 | 42 | 30 | 14 | |
| EBITDA* | -3,740,000 | -1,925,000 | -6,650,000 | -2,591,000 | -1,974,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Jul 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 28,000 | 1,059,000 | 182,000 | 997,000 | 0 |
| Intangible Assets | 8,535,000 | 4,968,000 | 3,346,000 | 4,449,000 | 3,600,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,563,000 | 6,027,000 | 3,528,000 | 5,446,000 | 3,600,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 380,000 | 772,000 | 72,000 | 329,000 | 45,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 324,000 |
| Misc Debtors | 244,000 | 144,000 | 99,000 | 175,000 | 640,000 |
| Cash | 318,000 | 237,000 | 3,679,000 | 5,727,000 | 3,247,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,110,000 | 1,153,000 | 3,850,000 | 6,231,000 | 4,256,000 |
| total assets | 9,673,000 | 7,180,000 | 7,378,000 | 11,677,000 | 7,856,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,006,000 | 64,000 | 37,000 | 82,000 | 209,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 1,821,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 390,000 | 390,000 | 165,000 | 369,000 | 0 |
| other current liabilities | 0 | 1,591,000 | 1,250,000 | 874,000 | 615,000 |
| total current liabilities | 2,396,000 | 2,045,000 | 1,452,000 | 3,146,000 | 824,000 |
| loans | 8,534,000 | 2,591,000 | 0 | 5,043,000 | 4,513,000 |
| hp & lease commitments | 288,000 | 639,000 | 0 | 600,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,246,000 | 1,952,000 | 0 | 4,443,000 | 4,513,000 |
| total liabilities | 10,642,000 | 3,997,000 | 1,452,000 | 7,589,000 | 5,337,000 |
| net assets | -969,000 | 3,183,000 | 5,926,000 | 4,088,000 | 2,519,000 |
| total shareholders funds | -969,000 | 3,183,000 | 5,926,000 | 4,088,000 | 2,519,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Jul 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -5,213,000 | -2,754,000 | -7,806,000 | -3,135,000 | -2,311,000 |
| Depreciation | 21,000 | 216,000 | 209,000 | 207,000 | 0 |
| Amortisation | 1,452,000 | 613,000 | 947,000 | 337,000 | 337,000 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -292,000 | 745,000 | -333,000 | -505,000 | 1,009,000 |
| Creditors | 1,942,000 | 27,000 | -45,000 | -127,000 | 209,000 |
| Accruals and Deferred Income | -1,591,000 | 341,000 | 376,000 | 259,000 | 615,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,097,000 | -2,302,000 | -5,986,000 | -1,954,000 | -2,159,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -1,821,000 | 1,821,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 5,943,000 | 2,591,000 | -5,043,000 | 530,000 | 4,513,000 |
| Hire Purchase and Lease Commitments | -351,000 | 864,000 | -804,000 | 969,000 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -284,000 | -28,000 | -461,000 | -302,000 | -170,000 |
| cash flow from financing | 6,653,000 | 3,466,000 | 1,976,000 | 8,024,000 | 9,343,000 |
| cash and cash equivalents | |||||
| cash | 81,000 | -3,442,000 | -2,048,000 | 2,480,000 | 3,247,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 81,000 | -3,442,000 | -2,048,000 | 2,480,000 | 3,247,000 |
insurwave limited Credit Report and Business Information
Insurwave Limited Competitor Analysis
Perform a competitor analysis for insurwave limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in W1S area or any other competitors across 12 key performance metrics.
insurwave limited Ownership
INSURWAVE LIMITED group structure
Insurwave Limited has no subsidiary companies.
Ultimate parent company
2 parents
INSURWAVE LIMITED
11284335
insurwave limited directors
Insurwave Limited currently has 8 directors. The longest serving directors include Mr Alan Crawford (Mar 2018) and Mr David Shannon (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Crawford | United Kingdom | 64 years | Mar 2018 | - | Director |
| Mr David Shannon | United Kingdom | 56 years | May 2019 | - | Director |
| Mr Rodney Bonnard | England | 50 years | Oct 2019 | - | Director |
| Mr Neil Eckert | United Kingdom | 62 years | Nov 2021 | - | Director |
| Mr David Power | England | 50 years | Nov 2021 | - | Director |
| Mr Michael MacGregor | England | 46 years | Nov 2021 | - | Director |
| Mr Robert Gordon | England | 39 years | Nov 2021 | - | Director |
| Lord Spencer Of Alre Michael Spencer | England | 69 years | Jul 2023 | - | Director |
P&L
December 2023turnover
1.9m
+99%
operating profit
-5.2m
+89%
gross margin
36.4%
+0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-969k
-1.3%
total assets
9.7m
+0.35%
cash
318k
+0.34%
net assets
Total assets minus all liabilities
Similar Companies
insurwave limited company details
company number
11284335
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
insurchainconnect limited (March 2019)
accountant
-
auditor
KPMG AUDIT LLC
address
5 clifford street, london, W1S 2LG
Bank
-
Legal Advisor
-
insurwave 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 1 charges/mortgages relating to insurwave limited. Currently there are 0 open charges and 1 have been satisfied in the past.
insurwave 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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insurwave limited Companies House Filings - See Documents
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