david ashby underwriting limitedEstimated Valuation
£2.5m
Pomanda estimates the enterprise value of DAVID ASHBY UNDERWRITING LIMITED at £2.5m based on a Turnover of £3m and 0.83x industry multiple (adjusted for size and gross margin).
david ashby underwriting limitedEstimated Valuation
£5m
Pomanda estimates the enterprise value of DAVID ASHBY UNDERWRITING LIMITED at £5m based on an EBITDA of £942.2k and a 5.31x industry multiple (adjusted for size and gross margin).
david ashby underwriting limitedEstimated Valuation
£5.9m
Pomanda estimates the enterprise value of DAVID ASHBY UNDERWRITING LIMITED at £5.9m based on Net Assets of £2.8m and 2.06x industry multiple (adjusted for liquidity).
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David Ashby Underwriting LimitedOverview
David Ashby Underwriting Limited is a live company located in london, EC3A 5AF with a Companies House number of 12142838. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in August 2019, it's largest shareholder is
dual international limited
with a 100% stake. David Ashby Underwriting Limited is a young,
small sized company, Pomanda has estimated its turnover at
£3m with
rapid
growth in recent years.
Pomanda's financial health check has awarded David Ashby Underwriting Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
4 Strong
5 Regular
1 Weak
Size
annual sales of £3m, make it larger than the average company (£1.7m)
£3m - David Ashby Underwriting Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 76%, show it is growing at a faster rate (7%)
76% - David Ashby Underwriting Limited
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - David Ashby Underwriting Limited
100% - Industry AVG
Profitability
an operating margin of 28.3% make it more profitable than the average company (10.4%)
28.3% - David Ashby Underwriting Limited
10.4% - Industry AVG
Employees
with 10 employees, this is similar to the industry average (9)
10 - David Ashby Underwriting Limited
9 - Industry AVG
Pay Structure
on an average salary of £59.8k, the company has an equivalent pay structure (£59.8k)
£59.8k - David Ashby Underwriting Limited
£59.8k - Industry AVG
Efficiency
resulting in sales per employee of £296k, this is more efficient (£124.2k)
£296k - David Ashby Underwriting Limited
£124.2k - Industry AVG
Debtor Days
it gets paid by customers after 184 days, this is later than average (50 days)
184 days - David Ashby Underwriting Limited
50 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - David Ashby Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - David Ashby Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 46 weeks, this is average cash available to meet short term requirements (42 weeks)
46 weeks - David Ashby Underwriting Limited
42 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.6%, this is a similar level of debt than the average (55.3%)
54.6% - David Ashby Underwriting Limited
55.3% - Industry AVG
DAVID ASHBY UNDERWRITING LIMITED financials
EXPORT
David Ashby Underwriting Limited's latest turnover from December 2023 is £3 million and the company has net assets of £2.8 million. According to their latest financial statements, David Ashby Underwriting Limited has 10 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Turnover
2,959,573
593,484
562,804
543,991
Other Income Or Grants
Cost Of Sales
51,185
52,325
60,736
Gross Profit
2,959,573
542,299
510,480
483,256
Admin Expenses
2,123,042
-977,504
270,918
366,477
Operating Profit
836,531
1,519,803
239,562
116,779
Interest Payable
80,000
Interest Receivable
20,667
1,006
113
Pre-Tax Profit
756,531
1,540,469
240,568
116,893
Tax
-229,798
-292,689
-45,708
-22,210
Profit After Tax
526,733
1,247,780
194,860
94,683
Dividends Paid
225,000
Retained Profit
301,733
1,247,780
194,860
94,683
Employee Costs
598,250
446,122
416,296
403,478
Number Of Employees
10
8
8
8
EBITDA*
942,180
1,629,487
349,246
225,638
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Tangible Assets
10,511
20,195
26,575
Intangible Assets
600,000
700,000
800,000
900,000
Investments & Other
53,107
53,107
Debtors (Due After 1 year)
Total Fixed Assets
653,107
763,618
820,195
926,575
Stock & work in progress
Trade Debtors
1,496,564
Group Debtors
138,463
22,912
174,854
Misc Debtors
1,051,851
2,381,200
2,083,111
1,131,756
Cash
3,057,207
602,476
578,470
226,602
misc current assets
total current assets
5,605,622
3,122,139
2,684,493
1,533,212
total assets
6,258,729
3,885,757
3,504,688
2,459,787
Bank overdraft
Bank loan
Trade Creditors
1,425,865
2,251
117,254
7,294
Group/Directors Accounts
1,311,029
other short term finances
hp & lease commitments
other current liabilities
681,779
1,343,183
2,093,091
1,022,810
total current liabilities
3,418,673
1,345,434
2,210,345
1,030,104
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
334,000
provisions
2,000
3,800
total long term liabilities
2,000
3,800
334,000
total liabilities
3,418,673
1,347,434
2,214,145
1,364,104
net assets
2,840,056
2,538,323
1,290,543
1,095,683
total shareholders funds
2,840,056
2,538,323
1,290,543
1,095,683
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Operating Activities
Operating Profit
836,531
1,519,803
239,562
116,779
Depreciation
5,649
9,684
9,684
8,859
Amortisation
100,000
100,000
100,000
100,000
Tax
-229,798
-292,689
-45,708
-22,210
Stock
Debtors
28,752
413,640
799,413
1,306,610
Creditors
1,423,614
-115,003
109,960
7,294
Accruals and Deferred Income
-661,404
-749,908
1,070,281
1,022,810
Deferred Taxes & Provisions
-2,000
-1,800
3,800
Cash flow from operations
1,443,840
56,447
688,166
-73,078
Investing Activities
capital expenditure
4,862
-3,304
-1,035,434
Change in Investments
53,107
cash flow from investments
4,862
-53,107
-3,304
-1,035,434
Financing Activities
Bank loans
Group/Directors Accounts
1,311,029
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-334,000
334,000
share issue
1,001,000
interest
-80,000
20,667
1,006
113
cash flow from financing
1,231,029
20,667
-332,994
1,335,113
cash and cash equivalents
cash
2,454,731
24,006
351,868
226,602
overdraft
change in cash
2,454,731
24,006
351,868
226,602
david ashby underwriting limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for david ashby underwriting limited. Get real-time insights into david ashby underwriting limited's credit score, group structure and payment trends.
David Ashby Underwriting Limited Competitor Analysis
Perform a competitor analysis for david ashby underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3A area or any other competitors across 12 key performance metrics.
david ashby underwriting limited Ownership
DAVID ASHBY UNDERWRITING LIMITED group structure
David Ashby Underwriting Limited has no subsidiary companies.
The sole shareholder of David Ashby Underwriting Limited is Dual International Limited.
dual international limited
100%
david ashby underwriting limited directors
David Ashby Underwriting Limited currently has 3 directors.
The longest serving directors include
Mr David Ashby (Sep 2019) and
Mr Richard Clapham (Nov 2023).
david ashby 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 david ashby underwriting limited.
david ashby 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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david ashby underwriting limitedCompanies House Filings - See Documents
