the britannia steam ship insurance association holdings limited

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the britannia steam ship insurance association holdings limited Company Information

Share THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED

Company Number

11686576

Shareholders

-

Group Structure

View All

Industry

Non-life insurance

 

Registered Address

regis house, 45 king william street, london, EC4R 9AN

Website

-

the britannia steam ship insurance association holdings limited Estimated Valuation

£229.6m

Pomanda estimates the enterprise value of THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED at £229.6m based on a Turnover of £173.6m and 1.32x industry multiple (adjusted for size and gross margin).

the britannia steam ship insurance association holdings limited Estimated Valuation

£741.8m

Pomanda estimates the enterprise value of THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED at £741.8m based on an EBITDA of £50m and a 14.85x industry multiple (adjusted for size and gross margin).

the britannia steam ship insurance association holdings limited Estimated Valuation

£710.2m

Pomanda estimates the enterprise value of THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED at £710.2m based on Net Assets of £422m and 1.68x industry multiple (adjusted for liquidity).

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The Britannia Steam Ship Insurance Association Holdings Limited Overview

The Britannia Steam Ship Insurance Association Holdings Limited is a live company located in london, EC4R 9AN with a Companies House number of 11686576. It operates in the non-life insurance sector, SIC Code 65120. Founded in November 2018, it's largest shareholder is unknown. The Britannia Steam Ship Insurance Association Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £173.6m with healthy growth in recent years.

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The Britannia Steam Ship Insurance Association Holdings Limited Health Check

Pomanda's financial health check has awarded The Britannia Steam Ship Insurance Association Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

0 Weak

size

Size

annual sales of £173.6m, make it larger than the average company (£2.3m)

£173.6m - The Britannia Steam Ship Insurance Association Holdings Limited

£2.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.2%)

15% - The Britannia Steam Ship Insurance Association Holdings Limited

10.2% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - The Britannia Steam Ship Insurance Association Holdings Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 28.8% make it more profitable than the average company (18.8%)

28.8% - The Britannia Steam Ship Insurance Association Holdings Limited

18.8% - Industry AVG

employees

Employees

with 1071 employees, this is above the industry average (25)

1071 - The Britannia Steam Ship Insurance Association Holdings Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.8k, the company has an equivalent pay structure (£63.8k)

£63.8k - The Britannia Steam Ship Insurance Association Holdings Limited

£63.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £162.1k, this is equally as efficient (£162.1k)

£162.1k - The Britannia Steam Ship Insurance Association Holdings Limited

£162.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 205 days, this is near the average (206 days)

205 days - The Britannia Steam Ship Insurance Association Holdings Limited

206 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - The Britannia Steam Ship Insurance Association Holdings Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Britannia Steam Ship Insurance Association Holdings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 148 weeks, this is more cash available to meet short term requirements (18 weeks)

148 weeks - The Britannia Steam Ship Insurance Association Holdings Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68%, this is a lower level of debt than the average (78.2%)

68% - The Britannia Steam Ship Insurance Association Holdings Limited

78.2% - Industry AVG

THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED financials

EXPORTms excel logo

The Britannia Steam Ship Insurance Association Holdings Limited's latest turnover from February 2024 is £173.6 million and the company has net assets of £422 million. According to their latest financial statements, we estimate that The Britannia Steam Ship Insurance Association Holdings Limited has 1,071 employees and maintains cash reserves of £139.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Turnover173,582,719155,751,995137,630,380114,983,673102,225,391108,434,248
Other Income Or Grants000000
Cost Of Sales0045,048173,35400
Gross Profit173,582,719155,751,995137,585,332114,810,319102,225,391108,434,248
Admin Expenses123,630,621222,597,186149,579,45568,743,60851,975,900115,873,944
Operating Profit49,952,098-66,845,191-11,994,12346,066,71150,249,491-7,439,696
Interest Payable000000
Interest Receivable9,637,6297,117,5971,037,479185,731696,072377,476
Pre-Tax Profit44,721,455-59,260,282-9,992,93138,800,63542,484,277-6,198,435
Tax-29,159-467,311-963,713-1,336,157-1,218,371-863,785
Profit After Tax44,692,296-59,727,594-10,956,64537,464,47841,265,906-7,062,220
Dividends Paid000000
Retained Profit44,692,296-59,727,594-10,956,64537,464,47841,265,906-7,062,220
Employee Costs68,382,99462,215,63856,449,91145,325,09739,042,4010
Number Of Employees1,0711,084944842736736
EBITDA*49,952,098-66,845,191-11,994,12346,066,71150,249,491-7,439,696

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Tangible Assets1,040,160,374953,342,5411,064,685,0461,262,767,6291,003,086,149341,724,531
Intangible Assets4,410,6814,538,0605,439,0515,501,72100
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets1,044,571,056957,880,6021,070,124,0971,268,269,3501,003,086,149341,724,531
Stock & work in progress000000
Trade Debtors97,819,21480,778,85281,460,88666,325,12654,734,53357,856,872
Group Debtors000000
Misc Debtors000000
Cash139,755,985227,391,805128,488,062286,503,39884,959,046100,660,184
misc current assets8,496,7772,781,6145,450,0475,731,1808,331,8714,605,333
total current assets272,769,337336,728,821260,164,939385,224,605192,366,535184,469,346
total assets1,317,340,3931,294,609,4231,330,289,0351,653,493,9551,195,452,684526,193,877
Bank overdraft000000
Bank loan000000
Trade Creditors 48,204,42015,649,17141,979,26521,471,1859,827,41012,699,233
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities49,017,80216,701,96442,576,18622,855,88210,114,81613,622,275
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions000000
total long term liabilities846,337,477886,538,521825,987,2761,077,448,592876,658,622883,955,785
total liabilities895,355,279903,240,485868,563,4621,100,304,474886,773,439897,578,060
net assets421,985,114391,368,938461,725,573553,189,480308,679,245-371,384,183
total shareholders funds421,985,114391,368,938461,725,573553,189,480308,679,245296,787,207
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Operating Activities
Operating Profit49,952,098-66,845,191-11,994,12346,066,71150,249,491-7,439,696
Depreciation000000
Amortisation000000
Tax-29,159-467,311-963,713-1,336,157-1,218,371-863,785
Stock000000
Debtors17,040,362-682,03415,135,76011,590,593-3,122,33957,856,872
Creditors32,555,249-26,330,09420,508,08011,643,776-2,871,82312,699,233
Accruals and Deferred Income000000
Deferred Taxes & Provisions000000
Cash flow from operations65,437,826-92,960,562-7,585,51644,783,73749,281,636-53,461,120
Investing Activities
capital expenditure-86,690,454112,243,495198,145,253-265,183,201-661,361,618-341,724,531
Change in Investments000000
cash flow from investments-86,690,454112,243,495198,145,253-265,183,201-661,361,618-341,724,531
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue-14,076,120-10,629,041-80,507,262207,045,757-29,373,867303,849,427
interest9,637,6297,117,5971,037,479185,731696,072377,476
cash flow from financing-4,438,491-3,511,444-79,469,783207,231,488-28,677,795304,226,903
cash and cash equivalents
cash-87,635,82098,903,743-158,015,336201,544,351-15,701,137100,660,184
overdraft000000
change in cash-87,635,82098,903,743-158,015,336201,544,351-15,701,137100,660,184

the britannia steam ship insurance association holdings 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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The Britannia Steam Ship Insurance Association Holdings Limited Competitor Analysis

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Perform a competitor analysis for the britannia steam ship insurance association holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC4R area or any other competitors across 12 key performance metrics.

the britannia steam ship insurance association holdings limited Ownership

THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED group structure

The Britannia Steam Ship Insurance Association Holdings Limited has no subsidiary companies.

Ultimate parent company

THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED

11686576

THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED Shareholders

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the britannia steam ship insurance association holdings limited directors

The Britannia Steam Ship Insurance Association Holdings Limited currently has 13 directors. The longest serving directors include Mr Andrew Cutler (Jan 2019) and Mr James Warwick (Jan 2019).

officercountryagestartendrole
Mr Andrew CutlerUnited Kingdom58 years Jan 2019- Director
Mr James WarwickEngland58 years Jan 2019- Director
Mr Louis MartelEngland60 years Jan 2019- Director
Egied Verbeeck50 years Jan 2019- Director
Shin-Chyi Lan49 years Jan 2019- Director
Mr Dimitri Saracakis48 years May 2019- Director
Mr Xavier VillersUnited Kingdom66 years May 2019- Director
Dr Maximilian RothkopfUnited Kingdom44 years Jan 2021- Director
Mr Casper MunchUnited Kingdom50 years May 2021- Director
Mr Michael HallUnited Kingdom51 years May 2021- Director

P&L

February 2024

turnover

173.6m

+11%

operating profit

50m

0%

gross margin

100%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

422m

+0.08%

total assets

1.3b

+0.02%

cash

139.8m

-0.39%

net assets

Total assets minus all liabilities

the britannia steam ship insurance association holdings limited company details

company number

11686576

Type

Private Ltd By Guarantee w/o Share Cap

industry

65120 - Non-life insurance

incorporation date

November 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

DELOITTE LLP

address

regis house, 45 king william street, london, EC4R 9AN

Bank

-

Legal Advisor

-

the britannia steam ship insurance association holdings 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 the britannia steam ship insurance association holdings limited.

the britannia steam ship insurance association holdings 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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the britannia steam ship insurance association holdings limited Companies House Filings - See Documents

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