generis underwriting limited
generis underwriting limited Company Information
Company Number
11315084
Next Accounts
Sep 2025
Directors
Shareholders
andrew francis
scott mcfarlane
View AllGroup Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
3 the cottages, deva city office park, salford, greater manchester, M3 7BE
Website
generisunderwriting.comgeneris underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of GENERIS UNDERWRITING LIMITED at £3.5m based on a Turnover of £3.4m and 1.04x industry multiple (adjusted for size and gross margin).
generis underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of GENERIS UNDERWRITING LIMITED at £2.1m based on an EBITDA of £326.7k and a 6.34x industry multiple (adjusted for size and gross margin).
generis underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of GENERIS UNDERWRITING LIMITED at £1.6m based on Net Assets of £843.7k and 1.9x industry multiple (adjusted for liquidity).
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Generis Underwriting Limited Overview
Generis Underwriting Limited is a live company located in salford, M3 7BE with a Companies House number of 11315084. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in April 2018, it's largest shareholder is andrew francis with a 70% stake. Generis Underwriting Limited is a young, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.
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Generis Underwriting Limited Health Check
Pomanda's financial health check has awarded Generis Underwriting Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £3.4m, make it in line with the average company (£2.9m)
- Generis Underwriting Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 104%, show it is growing at a faster rate (6.7%)
- Generis Underwriting Limited
6.7% - Industry AVG
Production
with a gross margin of 94.6%, this company has a comparable cost of product (94.6%)
- Generis Underwriting Limited
94.6% - Industry AVG
Profitability
an operating margin of 9.7% make it less profitable than the average company (19.5%)
- Generis Underwriting Limited
19.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (18)
12 - Generis Underwriting Limited
18 - Industry AVG
Pay Structure
on an average salary of £52.4k, the company has an equivalent pay structure (£52.4k)
- Generis Underwriting Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £279.3k, this is more efficient (£126.1k)
- Generis Underwriting Limited
£126.1k - Industry AVG
Debtor Days
it gets paid by customers after 157 days, this is later than average (73 days)
- Generis Underwriting Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 4705 days, this is slower than average (150 days)
- Generis Underwriting Limited
150 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Generis Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is average cash available to meet short term requirements (33 weeks)
35 weeks - Generis Underwriting Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76%, this is a higher level of debt than the average (58%)
76% - Generis Underwriting Limited
58% - Industry AVG
GENERIS UNDERWRITING LIMITED financials
Generis Underwriting Limited's latest turnover from December 2023 is estimated at £3.4 million and the company has net assets of £843.7 thousand. According to their latest financial statements, Generis Underwriting Limited has 12 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 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 | 12 | 11 | 7 | 4 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 6,133 | 5,083 | 3,410 | 3,071 | 3,952 | 5,445 |
| Intangible Assets | 380 | |||||
| Investments & Other | 60 | |||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 6,193 | 5,083 | 3,410 | 3,451 | 3,952 | 5,445 |
| Stock & work in progress | ||||||
| Trade Debtors | 1,442,298 | 1,688,689 | 846,743 | 643,515 | 107,417 | 78,179 |
| Group Debtors | 60,843 | |||||
| Misc Debtors | 301,941 | 4,533 | 10,360 | 2,785 | 2,053 | |
| Cash | 1,697,685 | 1,476,211 | 1,025,686 | 552,434 | ||
| misc current assets | ||||||
| total current assets | 3,502,767 | 3,169,433 | 1,882,789 | 1,198,734 | 109,470 | 78,179 |
| total assets | 3,508,960 | 3,174,516 | 1,886,199 | 1,202,185 | 113,422 | 83,624 |
| Bank overdraft | 8,095 | 8,077 | 7,765 | 6,325 | ||
| Bank loan | ||||||
| Trade Creditors | 2,320,635 | 2,181,826 | 1,258,087 | 798,941 | 16,416 | 4,176 |
| Group/Directors Accounts | 2,187 | 98,491 | 30,054 | 26,808 | ||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 126,628 | 114,143 | 25,065 | 7,748 | ||
| total current liabilities | 2,457,545 | 2,402,537 | 1,320,971 | 839,822 | 16,416 | 4,176 |
| loans | 207,729 | 215,824 | 321,110 | 378,875 | 200,000 | |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 1,638 | |||||
| other liabilities | 73,200 | 150,000 | ||||
| provisions | ||||||
| total long term liabilities | 207,729 | 215,824 | 321,110 | 378,875 | 274,838 | 150,000 |
| total liabilities | 2,665,274 | 2,618,361 | 1,642,081 | 1,218,697 | 291,254 | 154,176 |
| net assets | 843,686 | 556,155 | 244,118 | -16,512 | -177,832 | -70,552 |
| total shareholders funds | 843,686 | 556,155 | 244,118 | -16,512 | -177,832 | -70,552 |
| Dec 2023 | Dec 2022 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,887 | 1,129 | 1,222 | |||
| Amortisation | 1,710 | 380 | ||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 111,860 | 1,046,922 | 210,803 | 536,830 | 31,291 | 78,179 |
| Creditors | 138,809 | 1,382,885 | 459,146 | 782,525 | 12,240 | 4,176 |
| Accruals and Deferred Income | 12,485 | 106,395 | 17,317 | 6,110 | 1,638 | |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 60 | |||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -96,304 | 71,683 | 3,246 | 26,808 | ||
| Other Short Term Loans | ||||||
| Long term loans | -8,095 | -163,051 | -57,765 | 178,875 | 200,000 | |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -73,200 | -76,800 | 150,000 | |||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 221,474 | 923,777 | 473,252 | 552,434 | ||
| overdraft | 18 | 1,752 | 1,440 | 6,325 | ||
| change in cash | 221,456 | 922,025 | 471,812 | 546,109 |
generis underwriting limited Credit Report and Business Information
Generis Underwriting Limited Competitor Analysis
Perform a competitor analysis for generis underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.
generis underwriting limited Ownership
GENERIS UNDERWRITING LIMITED group structure
Generis Underwriting Limited has no subsidiary companies.
Ultimate parent company
GENERIS UNDERWRITING LIMITED
11315084
generis underwriting limited directors
Generis Underwriting Limited currently has 1 director, Mr Andrew Francis serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Francis | England | 57 years | Apr 2018 | - | Director |
P&L
December 2023turnover
3.4m
-6%
operating profit
324.8k
0%
gross margin
94.7%
+0.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
843.7k
+0.52%
total assets
3.5m
+0.11%
cash
1.7m
+0.15%
net assets
Total assets minus all liabilities
generis underwriting limited company details
company number
11315084
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
gen2 broker solutions limited (May 2019)
accountant
STEVENS TAXATION SERVICES LTD
auditor
-
address
3 the cottages, deva city office park, salford, greater manchester, M3 7BE
Bank
-
Legal Advisor
-
generis underwriting 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 did not find charges/mortgages relating to generis underwriting limited.
generis underwriting 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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generis underwriting limited Companies House Filings - See Documents
| date | description | view/download |
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