direct corporate risks limited
direct corporate risks limited Company Information
Company Number
12939587
Next Accounts
Mar 2025
Shareholders
lloyd & whyte group ltd
Group Structure
View All
Industry
Non-life reinsurance
+2Registered Address
affinity house bindon road, taunton, TA2 6AA
direct corporate risks limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT CORPORATE RISKS LIMITED at £887.6k based on a Turnover of £1.2m and 0.71x industry multiple (adjusted for size and gross margin).
direct corporate risks limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT CORPORATE RISKS LIMITED at £5.2m based on an EBITDA of £756.7k and a 6.88x industry multiple (adjusted for size and gross margin).
direct corporate risks limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT CORPORATE RISKS LIMITED at £2.8m based on Net Assets of £1.6m and 1.75x industry multiple (adjusted for liquidity).
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Direct Corporate Risks Limited Overview
Direct Corporate Risks Limited is a dissolved company that was located in taunton, TA2 6AA with a Companies House number of 12939587. It operated in the non-life insurance sector, SIC Code 65120. Founded in October 2020, it's largest shareholder was lloyd & whyte group ltd with a 100% stake. The last turnover for Direct Corporate Risks Limited was estimated at £1.2m.
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Direct Corporate Risks Limited Health Check
Pomanda's financial health check has awarded Direct Corporate Risks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
2 Weak
Size
annual sales of £1.2m, make it in line with the average company (£1.5m)
- Direct Corporate Risks Limited
£1.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Direct Corporate Risks Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Direct Corporate Risks Limited
100% - Industry AVG
Profitability
an operating margin of 60.3% make it more profitable than the average company (13.3%)
- Direct Corporate Risks Limited
13.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (14)
8 - Direct Corporate Risks Limited
14 - Industry AVG
Pay Structure
on an average salary of £72.7k, the company has an equivalent pay structure (£72.7k)
- Direct Corporate Risks Limited
£72.7k - Industry AVG
Efficiency
resulting in sales per employee of £155.4k, this is equally as efficient (£155.4k)
- Direct Corporate Risks Limited
£155.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Direct Corporate Risks Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Direct Corporate Risks Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Direct Corporate Risks Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (29 weeks)
0 weeks - Direct Corporate Risks Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.6%, this is a lower level of debt than the average (72.5%)
9.6% - Direct Corporate Risks Limited
72.5% - Industry AVG
DIRECT CORPORATE RISKS LIMITED financials
Direct Corporate Risks Limited's latest turnover from December 2022 is estimated at £1.2 million and the company has net assets of £1.6 million. According to their latest financial statements, Direct Corporate Risks Limited has 8 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | ||
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | ||
| Tax | ||
| Profit After Tax | ||
| Dividends Paid | ||
| Retained Profit | ||
| Employee Costs | ||
| Number Of Employees | 8 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 14,570 | 10,269 |
| Intangible Assets | 30,559 | |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 45,129 | 10,269 |
| Stock & work in progress | ||
| Trade Debtors | ||
| Group Debtors | 1,015,263 | |
| Misc Debtors | 699,696 | 862,363 |
| Cash | 1,949 | 35,995 |
| misc current assets | ||
| total current assets | 1,716,908 | 898,358 |
| total assets | 1,762,037 | 908,627 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 4,428 | 8,035 |
| Group/Directors Accounts | 795,925 | |
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | 153,727 | 45,759 |
| total current liabilities | 158,155 | 849,719 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | 10,400 | 3,378 |
| total long term liabilities | 10,400 | 3,378 |
| total liabilities | 168,555 | 853,097 |
| net assets | 1,593,482 | 55,530 |
| total shareholders funds | 1,593,482 | 55,530 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 6,805 | 5,196 |
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 852,596 | 862,363 |
| Creditors | -3,607 | 8,035 |
| Accruals and Deferred Income | 107,968 | 45,759 |
| Deferred Taxes & Provisions | 7,022 | 3,378 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | -795,925 | 795,925 |
| Other Short Term Loans | ||
| Long term loans | ||
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | ||
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | -34,046 | 35,995 |
| overdraft | ||
| change in cash | -34,046 | 35,995 |
direct corporate risks limited Credit Report and Business Information
Direct Corporate Risks Limited Competitor Analysis
Perform a competitor analysis for direct corporate risks limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in TA2 area or any other competitors across 12 key performance metrics.
direct corporate risks limited Ownership
DIRECT CORPORATE RISKS LIMITED group structure
Direct Corporate Risks Limited has no subsidiary companies.
Ultimate parent company
BENEFACT GROUP PLC
#0163725
2 parents
DIRECT CORPORATE RISKS LIMITED
12939587
direct corporate risks limited directors
Direct Corporate Risks Limited currently has 7 directors. The longest serving directors include Mr David Bearman (Oct 2020) and Mrs Canan Oral (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Bearman | England | 46 years | Oct 2020 | - | Director |
| Mrs Canan Oral | England | 53 years | Oct 2020 | - | Director |
| Mr Simon Piggott | England | 47 years | Oct 2020 | - | Director |
| Mr David Moore | England | 59 years | Jan 2021 | - | Director |
| Mr Matthew Pyke | England | 54 years | Jan 2021 | - | Director |
| Mr Anthony Coates | England | 43 years | Jan 2021 | - | Director |
| Mr Stephen Astley | England | 65 years | Jan 2021 | - | Director |
P&L
December 2022turnover
1.2m
+23%
operating profit
749.9k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.6m
+27.7%
total assets
1.8m
+0.94%
cash
1.9k
-0.95%
net assets
Total assets minus all liabilities
Similar Companies
direct corporate risks limited company details
company number
12939587
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
65202 - Non-life reinsurance
65120 - Non-life insurance
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
N/A
accountant
PKF FRANCIS CLARK
auditor
-
address
affinity house bindon road, taunton, TA2 6AA
Bank
-
Legal Advisor
-
direct corporate risks 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 found 1 charges/mortgages relating to direct corporate risks limited. Currently there are 1 open charges and 0 have been satisfied in the past.
direct corporate risks 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 DIRECT CORPORATE RISKS LIMITED. This can take several minutes, an email will notify you when this has completed.
direct corporate risks limited Companies House Filings - See Documents
| date | description | view/download |
|---|
