the britannia steam ship insurance association holdings limited Company Information
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
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
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
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).
Edit your figures and get a professional valuation report.
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.
Upgrade for unlimited company reports & a free credit check
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


6 Strong

4 Regular

0 Weak

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
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
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
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
with 1071 employees, this is above the industry average (25)
- The Britannia Steam Ship Insurance Association Holdings Limited
25 - Industry AVG

Pay Structure
on an average salary of £63.8k, the company has an equivalent pay structure (£63.8k)
- The Britannia Steam Ship Insurance Association Holdings Limited
£63.8k - Industry AVG

Efficiency
resulting in sales per employee of £162.1k, this is equally as efficient (£162.1k)
- The Britannia Steam Ship Insurance Association Holdings Limited
£162.1k - Industry AVG

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

Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Britannia Steam Ship Insurance Association Holdings Limited
- - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Britannia Steam Ship Insurance Association Holdings Limited
- - Industry AVG

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

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

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 House, Pomanda Estimates
Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
---|---|---|---|---|---|---|
Turnover | 173,582,719 | 155,751,995 | 137,630,380 | 114,983,673 | 102,225,391 | 108,434,248 |
Other Income Or Grants | ||||||
Cost Of Sales | ||||||
Gross Profit | ||||||
Admin Expenses | ||||||
Operating Profit | ||||||
Interest Payable | ||||||
Interest Receivable | ||||||
Pre-Tax Profit | 44,721,455 | -59,260,282 | -9,992,931 | 38,800,635 | 42,484,277 | -6,198,435 |
Tax | -29,159 | -467,311 | -963,713 | -1,336,157 | -1,218,371 | -863,785 |
Profit After Tax | 44,692,296 | -59,727,594 | -10,956,645 | 37,464,478 | 41,265,906 | -7,062,220 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 44,692,296 | -59,727,594 | -10,956,645 | 37,464,478 | 41,265,906 | -7,062,220 |
Employee Costs | 0 | |||||
Number Of Employees | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
---|---|---|---|---|---|---|
Tangible Assets | 1,040,160,374 | 953,342,541 | 1,064,685,046 | 1,262,767,629 | 1,003,086,149 | 341,724,531 |
Intangible Assets | 4,410,681 | 4,538,060 | 5,439,051 | 5,501,721 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,044,571,056 | 957,880,602 | 1,070,124,097 | 1,268,269,350 | 1,003,086,149 | 341,724,531 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 97,819,214 | 80,778,852 | 81,460,886 | 66,325,126 | 54,734,533 | 57,856,872 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 139,755,985 | 227,391,805 | 128,488,062 | 286,503,398 | 84,959,046 | 100,660,184 |
misc current assets | 8,496,777 | 2,781,614 | 5,450,047 | 5,731,180 | 8,331,871 | 4,605,333 |
total current assets | 272,769,337 | 336,728,821 | 260,164,939 | 385,224,605 | 192,366,535 | 184,469,346 |
total assets | 1,317,340,393 | 1,294,609,423 | 1,330,289,035 | 1,653,493,955 | 1,195,452,684 | 526,193,877 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 48,204,420 | 15,649,171 | 41,979,265 | 21,471,185 | 9,827,410 | 12,699,233 |
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 | 49,017,802 | 16,701,964 | 42,576,186 | 22,855,882 | 10,114,816 | 13,622,275 |
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 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 846,337,477 | 886,538,521 | 825,987,276 | 1,077,448,592 | 876,658,622 | 883,955,785 |
total liabilities | 895,355,279 | 903,240,485 | 868,563,462 | 1,100,304,474 | 886,773,439 | 897,578,060 |
net assets | 421,985,114 | 391,368,938 | 461,725,573 | 553,189,480 | 308,679,245 | -371,384,183 |
total shareholders funds | 421,985,114 | 391,368,938 | 461,725,573 | 553,189,480 | 308,679,245 | 296,787,207 |
Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
---|---|---|---|---|---|---|
Operating Activities | ||||||
Operating Profit | ||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | |
Amortisation | ||||||
Tax | -29,159 | -467,311 | -963,713 | -1,336,157 | -1,218,371 | -863,785 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 17,040,362 | -682,034 | 15,135,760 | 11,590,593 | -3,122,339 | 57,856,872 |
Creditors | 32,555,249 | -26,330,094 | 20,508,080 | 11,643,776 | -2,871,823 | 12,699,233 |
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 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||
interest | ||||||
cash flow from financing | ||||||
cash and cash equivalents | ||||||
cash | -87,635,820 | 98,903,743 | -158,015,336 | 201,544,351 | -15,701,137 | 100,660,184 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -87,635,820 | 98,903,743 | -158,015,336 | 201,544,351 | -15,701,137 | 100,660,184 |
the britannia steam ship insurance association holdings limited Credit Report and Business Information
The Britannia Steam Ship Insurance Association Holdings Limited Competitor Analysis

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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Cutler | United Kingdom | 58 years | Jan 2019 | - | Director |
Mr James Warwick | England | 58 years | Jan 2019 | - | Director |
Mr Louis Martel | England | 60 years | Jan 2019 | - | Director |
Egied Verbeeck | 50 years | Jan 2019 | - | Director | |
Shin-Chyi Lan | 49 years | Jan 2019 | - | Director | |
Mr Dimitri Saracakis | 48 years | May 2019 | - | Director | |
Mr Xavier Villers | United Kingdom | 66 years | May 2019 | - | Director |
Dr Maximilian Rothkopf | United Kingdom | 44 years | Jan 2021 | - | Director |
Mr Casper Munch | United Kingdom | 50 years | May 2021 | - | Director |
Mr Michael Hall | United Kingdom | 51 years | May 2021 | - | Director |
P&L
February 2024turnover
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 2024net 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
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.
Click to start generating capital raising & share issue transactions for THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
the britannia steam ship insurance association holdings limited Companies House Filings - See Documents
date | description | view/download |
---|