spring insure limited
spring insure limited Company Information
Company Number
12876937
Next Accounts
Jun 2025
Shareholders
aston lark group limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
1st floor mitre house, 12-14 mitre street, london, EC3A 5BU
Website
astonscott.comspring insure limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING INSURE LIMITED at £945.5k based on a Turnover of £1.6m and 0.59x industry multiple (adjusted for size and gross margin).
spring insure limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING INSURE LIMITED at £0 based on an EBITDA of £-756 and a 6.55x industry multiple (adjusted for size and gross margin).
spring insure limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING INSURE LIMITED at £460.9k based on Net Assets of £281.4k and 1.64x industry multiple (adjusted for liquidity).
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Spring Insure Limited Overview
Spring Insure Limited is a live company located in london, EC3A 5BU with a Companies House number of 12876937. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 2020, it's largest shareholder is aston lark group limited with a 100% stake. Spring Insure Limited is a young, small sized company, Pomanda has estimated its turnover at £1.6m with unknown growth in recent years.
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Spring Insure Limited Health Check
Pomanda's financial health check has awarded Spring Insure Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£2m)
£1.6m - Spring Insure Limited
£2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Spring Insure Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Spring Insure Limited
100% - Industry AVG
Profitability
an operating margin of -1% make it less profitable than the average company (17.9%)
-1% - Spring Insure Limited
17.9% - Industry AVG
Employees
with 15 employees, this is below the industry average (25)
15 - Spring Insure Limited
25 - Industry AVG
Pay Structure
on an average salary of £76.9k, the company has a higher pay structure (£62.1k)
£76.9k - Spring Insure Limited
£62.1k - Industry AVG
Efficiency
resulting in sales per employee of £106k, this is less efficient (£151k)
£106k - Spring Insure Limited
£151k - Industry AVG
Debtor Days
it gets paid by customers after 308 days, this is later than average (209 days)
308 days - Spring Insure Limited
209 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Insure Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Insure Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (21 weeks)
29 weeks - Spring Insure Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.3%, this is a higher level of debt than the average (81.7%)
91.3% - Spring Insure Limited
81.7% - Industry AVG
SPRING INSURE LIMITED financials
Spring Insure Limited's latest turnover from September 2023 is £1.6 million and the company has net assets of £281.4 thousand. According to their latest financial statements, Spring Insure Limited has 15 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Turnover | 1,589,783 | 946,792 | 680,980 |
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | -15,403 | -328,194 | 178,043 |
| Interest Payable | 1,755 | ||
| Interest Receivable | 1,755 | 6,428 | |
| Pre-Tax Profit | -13,648 | -323,521 | 178,043 |
| Tax | -22,276 | 97,759 | |
| Profit After Tax | -35,924 | -225,762 | 178,043 |
| Dividends Paid | |||
| Retained Profit | -35,924 | -225,762 | 178,043 |
| Employee Costs | 1,153,988 | 451,670 | |
| Number Of Employees | 15 | 10 | |
| EBITDA* | -756 | -315,940 | 178,043 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Tangible Assets | 44,008 | 51,535 | |
| Intangible Assets | 5,560 | 6,949 | |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 49,568 | 58,484 | |
| Stock & work in progress | |||
| Trade Debtors | 1,344,439 | 1,277,404 | |
| Group Debtors | 22,586 | 250,303 | |
| Misc Debtors | 159,686 | 187,838 | 246,621 |
| Cash | 1,653,872 | 1,638,193 | 248,964 |
| misc current assets | |||
| total current assets | 3,180,583 | 3,353,738 | 495,585 |
| total assets | 3,230,151 | 3,412,222 | 495,585 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 2,306,835 | 2,577,533 | 48,979 |
| Group/Directors Accounts | 435,597 | 293,060 | 249,999 |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 184,698 | 202,684 | 18,563 |
| total current liabilities | 2,927,130 | 3,073,277 | 317,541 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 21,663 | 21,663 | |
| total long term liabilities | 21,663 | 21,663 | |
| total liabilities | 2,948,793 | 3,094,940 | 317,541 |
| net assets | 281,358 | 317,282 | 178,044 |
| total shareholders funds | 281,358 | 317,282 | 178,044 |
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -15,403 | -328,194 | 178,043 |
| Depreciation | 13,257 | 11,403 | |
| Amortisation | 1,390 | 851 | |
| Tax | -22,276 | 97,759 | |
| Stock | |||
| Debtors | -188,834 | 1,468,924 | 246,621 |
| Creditors | -270,698 | 2,528,554 | 48,979 |
| Accruals and Deferred Income | -17,986 | 184,121 | 18,563 |
| Deferred Taxes & Provisions | 21,663 | ||
| Cash flow from operations | -122,882 | 1,047,233 | -1,036 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 142,537 | 43,061 | 249,999 |
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | 1,755 | 4,673 | |
| cash flow from financing | 144,292 | 412,734 | 250,000 |
| cash and cash equivalents | |||
| cash | 15,679 | 1,389,229 | 248,964 |
| overdraft | |||
| change in cash | 15,679 | 1,389,229 | 248,964 |
spring insure limited Credit Report and Business Information
Spring Insure Limited Competitor Analysis
Perform a competitor analysis for spring insure 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.
spring insure limited Ownership
SPRING INSURE LIMITED group structure
Spring Insure Limited has no subsidiary companies.
Ultimate parent company
2 parents
SPRING INSURE LIMITED
12876937
spring insure limited directors
Spring Insure Limited currently has 7 directors. The longest serving directors include Mr Ian Jacob (Sep 2020) and Mr Ian Jacob (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Jacob | England | 42 years | Sep 2020 | - | Director |
| Mr Ian Jacob | England | 42 years | Sep 2020 | - | Director |
| Mr Russell Kilpatrick | England | 60 years | Sep 2020 | - | Director |
| Mr Andrea Nicoli | United Kingdom | 41 years | Jul 2022 | - | Director |
| Mr Nigel Brand | United Kingdom | 59 years | Dec 2022 | - | Director |
| Mr Tristan Sargeaunt | United Kingdom | 42 years | Jan 2023 | - | Director |
| Ms Susan Saddington | United Kingdom | 57 years | Jul 2024 | - | Director |
P&L
September 2023turnover
1.6m
+68%
operating profit
-15.4k
-95%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
281.4k
-0.11%
total assets
3.2m
-0.05%
cash
1.7m
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
spring insure limited company details
company number
12876937
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
September 2020
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
1st floor mitre house, 12-14 mitre street, london, EC3A 5BU
Bank
-
Legal Advisor
-
spring insure 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 spring insure limited.
spring insure 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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spring insure limited Companies House Filings - See Documents
| date | description | view/download |
|---|
