ballantyne brokers ltd
ballantyne brokers ltd Company Information
Company Number
12508663
Next Accounts
93 days late
Industry
Activities of insurance agents and brokers
Shareholders
ross ballantyne
richard spragg
View AllGroup Structure
View All
Contact
Registered Address
18 king william street, london, EC4N 7BP
Website
ballantyneltd.comballantyne brokers ltd Estimated Valuation
Pomanda estimates the enterprise value of BALLANTYNE BROKERS LTD at £1.2m based on a Turnover of £1.3m and 0.88x industry multiple (adjusted for size and gross margin).
ballantyne brokers ltd Estimated Valuation
Pomanda estimates the enterprise value of BALLANTYNE BROKERS LTD at £0 based on an EBITDA of £-1.4m and a 5.23x industry multiple (adjusted for size and gross margin).
ballantyne brokers ltd Estimated Valuation
Pomanda estimates the enterprise value of BALLANTYNE BROKERS LTD at £0 based on Net Assets of £-2.8m and 1.83x industry multiple (adjusted for liquidity).
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Ballantyne Brokers Ltd Overview
Ballantyne Brokers Ltd is a live company located in london, EC4N 7BP with a Companies House number of 12508663. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in March 2020, it's largest shareholder is ross ballantyne with a 55% stake. Ballantyne Brokers Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.3m with unknown growth in recent years.
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Ballantyne Brokers Ltd Health Check
Pomanda's financial health check has awarded Ballantyne Brokers Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
7 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£3m)
£1.3m - Ballantyne Brokers Ltd
£3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ballantyne Brokers Ltd
- - Industry AVG
Production
with a gross margin of 54.8%, this company has a higher cost of product (94.6%)
54.8% - Ballantyne Brokers Ltd
94.6% - Industry AVG
Profitability
an operating margin of -105.2% make it less profitable than the average company (18.1%)
-105.2% - Ballantyne Brokers Ltd
18.1% - Industry AVG
Employees
with 13 employees, this is below the industry average (23)
13 - Ballantyne Brokers Ltd
23 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has an equivalent pay structure (£49.6k)
- Ballantyne Brokers Ltd
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £102.7k, this is equally as efficient (£115.6k)
£102.7k - Ballantyne Brokers Ltd
£115.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ballantyne Brokers Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (163 days)
28 days - Ballantyne Brokers Ltd
163 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ballantyne Brokers Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (35 weeks)
1 weeks - Ballantyne Brokers Ltd
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1026.3%, this is a higher level of debt than the average (62.7%)
1026.3% - Ballantyne Brokers Ltd
62.7% - Industry AVG
BALLANTYNE BROKERS LTD financials
Ballantyne Brokers Ltd's latest turnover from December 2022 is £1.3 million and the company has net assets of -£2.8 million. According to their latest financial statements, Ballantyne Brokers Ltd has 13 employees and maintains cash reserves of £110 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Turnover | 1,335,453 | 569,000 | 0 |
| Other Income Or Grants | 0 | ||
| Cost Of Sales | 603,452 | ||
| Gross Profit | 732,001 | ||
| Admin Expenses | 2,136,851 | ||
| Operating Profit | -1,404,850 | ||
| Interest Payable | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | -1,404,850 | -1,482,000 | -236,000 |
| Tax | 0 | 264,000 | 39,000 |
| Profit After Tax | -1,404,850 | -1,218,000 | -197,000 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -1,404,850 | -1,218,000 | -197,000 |
| Employee Costs | 1,404,000 | 178,000 | |
| Number Of Employees | 13 | 8 | 1 |
| EBITDA* | -1,404,850 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 194,427 | 131,000 | 3,000 |
| Cash | 110,000 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 304,427 | 131,000 | 3,000 |
| total assets | 304,427 | 131,000 | 3,000 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 46,708 | 0 | 0 |
| Group/Directors Accounts | 3,022,845 | 1,407,000 | 152,000 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 54,616 | 139,000 | 48,000 |
| total current liabilities | 3,124,169 | 1,546,000 | 200,000 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 3,124,169 | 1,546,000 | 200,000 |
| net assets | -2,819,742 | -1,415,000 | -197,000 |
| total shareholders funds | -2,819,742 | -1,415,000 | -197,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,404,850 | ||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 264,000 | 39,000 |
| Stock | 0 | 0 | 0 |
| Debtors | 63,427 | 128,000 | 3,000 |
| Creditors | 46,708 | 0 | 0 |
| Accruals and Deferred Income | -84,384 | 91,000 | 48,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -1,505,953 | ||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 1,615,845 | 1,255,000 | 152,000 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | 0 | 0 | 0 |
| cash flow from financing | 1,615,953 | 1,255,000 | 152,000 |
| cash and cash equivalents | |||
| cash | 110,000 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 110,000 | 0 | 0 |
ballantyne brokers ltd Credit Report and Business Information
Ballantyne Brokers Ltd Competitor Analysis
Perform a competitor analysis for ballantyne brokers ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC4N area or any other competitors across 12 key performance metrics.
ballantyne brokers ltd Ownership
BALLANTYNE BROKERS LTD group structure
Ballantyne Brokers Ltd has no subsidiary companies.
Ultimate parent company
K2 INSURANCE SERVICES, LLC
#0117467
2 parents
BALLANTYNE BROKERS LTD
12508663
ballantyne brokers ltd directors
Ballantyne Brokers Ltd currently has 5 directors. The longest serving directors include Mr Richard Coello (May 2020) and Mr Steven Crabb (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Coello | United Kingdom | 48 years | May 2020 | - | Director |
| Mr Steven Crabb | England | 55 years | May 2021 | - | Director |
| Mr William Moore | England | 56 years | Jul 2021 | - | Director |
| Mr Richard Spragg | England | 59 years | Jul 2021 | - | Director |
| Mr Ross Ballantyne | England | 57 years | Jul 2021 | - | Director |
P&L
December 2022turnover
1.3m
+135%
operating profit
-1.4m
0%
gross margin
54.9%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-2.8m
+0.99%
total assets
304.4k
+1.32%
cash
110k
0%
net assets
Total assets minus all liabilities
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ballantyne brokers ltd company details
company number
12508663
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
March 2020
age
4
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
k2 brokerage limited (October 2020)
accountant
-
auditor
ACUITY PROFESSIONAL PARTNERSHIP LLP
address
18 king william street, london, EC4N 7BP
Bank
-
Legal Advisor
-
ballantyne brokers ltd 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 ballantyne brokers ltd.
ballantyne brokers ltd 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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ballantyne brokers ltd Companies House Filings - See Documents
| date | description | view/download |
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