prestige underwriting services limited
prestige underwriting services limited Company Information
Company Number
NI031853
Next Accounts
Sep 2025
Shareholders
prestige insurance holdings limited
Group Structure
View All
Industry
Non-life insurance
Registered Address
10 governors place, carrickfergus, BT38 7BN
prestige underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTIGE UNDERWRITING SERVICES LIMITED at £34.3m based on a Turnover of £32.3m and 1.06x industry multiple (adjusted for size and gross margin).
prestige underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTIGE UNDERWRITING SERVICES LIMITED at £28.1m based on an EBITDA of £2.4m and a 11.92x industry multiple (adjusted for size and gross margin).
prestige underwriting services limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTIGE UNDERWRITING SERVICES LIMITED at £11.6m based on Net Assets of £6.9m and 1.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Prestige Underwriting Services Limited Overview
Prestige Underwriting Services Limited is a live company located in carrickfergus, BT38 7BN with a Companies House number of NI031853. It operates in the non-life insurance sector, SIC Code 65120. Founded in January 1997, it's largest shareholder is prestige insurance holdings limited with a 100% stake. Prestige Underwriting Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £32.3m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Prestige Underwriting Services Limited Health Check
Pomanda's financial health check has awarded Prestige Underwriting Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
1 Weak
Size
annual sales of £32.3m, make it larger than the average company (£2.1m)
£32.3m - Prestige Underwriting Services Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.7%)
18% - Prestige Underwriting Services Limited
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Prestige Underwriting Services Limited
100% - Industry AVG
Profitability
an operating margin of 7% make it less profitable than the average company (17.6%)
7% - Prestige Underwriting Services Limited
17.6% - Industry AVG
Employees
with 151 employees, this is above the industry average (26)
151 - Prestige Underwriting Services Limited
26 - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has a lower pay structure (£65.4k)
£43.6k - Prestige Underwriting Services Limited
£65.4k - Industry AVG
Efficiency
resulting in sales per employee of £213.6k, this is more efficient (£163.6k)
£213.6k - Prestige Underwriting Services Limited
£163.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Prestige Underwriting Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Prestige Underwriting Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Prestige Underwriting Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (18 weeks)
31 weeks - Prestige Underwriting Services Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.7%, this is a similar level of debt than the average (81.5%)
79.7% - Prestige Underwriting Services Limited
81.5% - Industry AVG
PRESTIGE UNDERWRITING SERVICES LIMITED financials
Prestige Underwriting Services Limited's latest turnover from December 2023 is £32.3 million and the company has net assets of £6.9 million. According to their latest financial statements, Prestige Underwriting Services Limited has 151 employees and maintains cash reserves of £16.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 32,261,000 | 28,216,000 | 20,005,000 | 19,614,000 | 19,813,000 | 21,599,000 | 16,754,000 | 17,127,000 | 14,773,000 | 14,154,000 | 16,161,000 | 17,845,000 | 23,812,000 | 23,106,000 | 28,328,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 2,272,000 | 1,317,000 | -230,000 | -633,000 | 1,710,000 | 906,000 | -699,000 | -661,000 | -1,316,000 | -425,000 | 1,028,000 | 803,000 | 2,279,000 | 441,000 | 2,381,000 |
| Interest Payable | 9,000 | 1,000 | 9,000 | 6,000 | 8,000 | 14,000 | 13,000 | 19,000 | 25,000 | 32,000 | 28,000 | 19,000 | 12,000 | 9,000 | 15,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,341,000 | 2,601,000 | -239,000 | -392,000 | 2,802,000 | 2,176,000 | 290,000 | 626,000 | -341,000 | 543,000 | 1,000,000 | 884,000 | 2,867,000 | 3,630,000 | 3,267,000 |
| Tax | -555,000 | -256,000 | 29,000 | 126,000 | -336,000 | -184,000 | 116,000 | 119,000 | 255,000 | 114,000 | -167,000 | -198,000 | -646,000 | -99,000 | -604,000 |
| Profit After Tax | 1,786,000 | 2,345,000 | -210,000 | -266,000 | 2,466,000 | 1,992,000 | 406,000 | 745,000 | -86,000 | 657,000 | 833,000 | 686,000 | 2,221,000 | 3,531,000 | 2,663,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 1,500,000 | 0 | 500,000 | 1,275,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 7,100,000 | 7,723,000 | 1,380,000 |
| Retained Profit | 1,786,000 | 2,345,000 | -210,000 | -266,000 | 966,000 | 1,992,000 | -94,000 | -530,000 | -1,086,000 | -343,000 | -167,000 | 686,000 | -4,879,000 | -4,192,000 | 1,283,000 |
| Employee Costs | 6,582,000 | 5,802,000 | 4,949,000 | 4,767,000 | 3,383,000 | 4,299,000 | 4,515,000 | 4,691,000 | 4,262,000 | 3,827,000 | 3,430,000 | 3,950,000 | 3,945,000 | 4,360,000 | 4,706,000 |
| Number Of Employees | 151 | 139 | 133 | 129 | 122 | 124 | 135 | 130 | 116 | 122 | 116 | 147 | 155 | 176 | 194 |
| EBITDA* | 2,358,000 | 1,430,000 | -123,000 | -548,000 | 1,762,000 | 1,000,000 | -579,000 | -487,000 | -1,101,000 | -232,000 | 1,185,000 | 966,000 | 2,543,000 | 807,000 | 2,772,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 300,000 | 169,000 | 199,000 | 242,000 | 209,000 | 200,000 | 249,000 | 322,000 | 341,000 | 472,000 | 352,000 | 260,000 | 360,000 | 448,000 | 800,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 207,000 | 207,000 | 1,559,000 | 3,848,000 | 3,848,000 | 3,848,000 | 2,495,000 | 2,495,000 | 2,495,000 | 2,495,000 | 2,495,000 | 1,247,000 | 1,247,000 | 10,862,000 | 10,862,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 507,000 | 376,000 | 1,758,000 | 4,090,000 | 4,057,000 | 4,048,000 | 2,744,000 | 2,817,000 | 2,836,000 | 2,967,000 | 2,847,000 | 1,507,000 | 1,607,000 | 11,310,000 | 11,662,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 5,445,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,839,000 | 4,444,000 |
| Group Debtors | 4,891,000 | 2,317,000 | 1,665,000 | 102,000 | 1,678,000 | 1,768,000 | 1,778,000 | 1,753,000 | 3,076,000 | 2,360,000 | 3,781,000 | 6,791,000 | 9,672,000 | 3,560,000 | 7,045,000 |
| Misc Debtors | 12,302,000 | 12,480,000 | 6,703,000 | 5,133,000 | 7,019,000 | 494,000 | 5,050,000 | 4,196,000 | 5,106,000 | 3,021,000 | 3,774,000 | 3,682,000 | 5,255,000 | 551,000 | 1,940,000 |
| Cash | 16,359,000 | 12,584,000 | 7,508,000 | 6,454,000 | 7,357,000 | 5,262,000 | 3,821,000 | 2,131,000 | 1,286,000 | 3,078,000 | 3,610,000 | 2,768,000 | 1,328,000 | 1,126,000 | 3,893,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,552,000 | 27,381,000 | 15,876,000 | 11,689,000 | 16,054,000 | 12,969,000 | 10,649,000 | 8,080,000 | 9,468,000 | 8,459,000 | 11,165,000 | 13,241,000 | 16,255,000 | 10,076,000 | 17,322,000 |
| total assets | 34,059,000 | 27,757,000 | 17,634,000 | 15,779,000 | 20,111,000 | 17,017,000 | 13,393,000 | 10,897,000 | 12,304,000 | 11,426,000 | 14,012,000 | 14,748,000 | 17,862,000 | 21,386,000 | 28,984,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 895,000 | 990,000 | 0 | 0 | 0 | 10,964,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,782,000 | 14,735,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,000 | 15,000 | 14,000 | 15,000 | 14,000 | 25,000 | 20,000 | 20,000 | 39,000 | 56,000 | 37,000 | 39,000 | 23,000 | 15,000 | 65,000 |
| other current liabilities | 26,217,000 | 21,600,000 | 13,466,000 | 10,198,000 | 14,277,000 | 715,000 | 9,114,000 | 7,362,000 | 8,301,000 | 7,413,000 | 9,599,000 | 9,907,000 | 14,170,000 | 583,000 | 960,000 |
| total current liabilities | 27,119,000 | 22,605,000 | 13,480,000 | 10,213,000 | 14,291,000 | 11,704,000 | 9,134,000 | 7,382,000 | 8,340,000 | 7,469,000 | 9,636,000 | 9,946,000 | 14,193,000 | 12,380,000 | 15,760,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 8,000 | 17,000 | 12,000 | 26,000 | 14,000 | 36,000 | 45,000 | 12,000 | 15,000 | 55,000 | 24,000 | 42,000 | 36,000 | 0 | 24,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 11,000 | 0 | 0 | 0 | 0 | 437,000 | 1,366,000 | 561,000 | 477,000 | 344,000 | 404,000 | 645,000 | 204,000 | 698,000 | 700,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 19,000 | 17,000 | 12,000 | 26,000 | 14,000 | 473,000 | 1,411,000 | 573,000 | 492,000 | 399,000 | 428,000 | 687,000 | 240,000 | 698,000 | 724,000 |
| total liabilities | 27,138,000 | 22,622,000 | 13,492,000 | 10,239,000 | 14,305,000 | 12,177,000 | 10,545,000 | 7,955,000 | 8,832,000 | 7,868,000 | 10,064,000 | 10,633,000 | 14,433,000 | 13,078,000 | 16,484,000 |
| net assets | 6,921,000 | 5,135,000 | 4,142,000 | 5,540,000 | 5,806,000 | 4,840,000 | 2,848,000 | 2,942,000 | 3,472,000 | 3,558,000 | 3,948,000 | 4,115,000 | 3,429,000 | 8,308,000 | 12,500,000 |
| total shareholders funds | 6,921,000 | 5,135,000 | 4,142,000 | 5,540,000 | 5,806,000 | 4,840,000 | 2,848,000 | 2,942,000 | 3,472,000 | 3,558,000 | 3,948,000 | 4,115,000 | 3,429,000 | 8,308,000 | 12,500,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,272,000 | 1,317,000 | -230,000 | -633,000 | 1,710,000 | 906,000 | -699,000 | -661,000 | -1,316,000 | -425,000 | 1,028,000 | 803,000 | 2,279,000 | 441,000 | 2,381,000 |
| Depreciation | 86,000 | 113,000 | 107,000 | 85,000 | 52,000 | 94,000 | 120,000 | 174,000 | 215,000 | 193,000 | 157,000 | 163,000 | 264,000 | 366,000 | 391,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -555,000 | -256,000 | 29,000 | 126,000 | -336,000 | -184,000 | 116,000 | 119,000 | 255,000 | 114,000 | -167,000 | -198,000 | -646,000 | -99,000 | -604,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,396,000 | 6,429,000 | 3,133,000 | -3,462,000 | 1,869,000 | 879,000 | 879,000 | -2,233,000 | 2,801,000 | -2,174,000 | -2,918,000 | -4,454,000 | 5,977,000 | -4,479,000 | 13,429,000 |
| Creditors | -95,000 | 990,000 | 0 | 0 | 0 | 10,964,000 | 0 | 0 | 0 | 0 | 0 | 0 | -11,782,000 | -2,953,000 | 14,735,000 |
| Accruals and Deferred Income | 4,617,000 | 8,134,000 | 3,268,000 | -4,079,000 | 5,163,000 | -8,399,000 | 1,752,000 | -939,000 | 888,000 | -2,186,000 | -308,000 | -4,263,000 | 13,587,000 | -377,000 | 960,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,929,000 | 3,869,000 | 41,000 | -1,039,000 | 4,720,000 | 2,502,000 | 410,000 | 926,000 | -2,759,000 | -130,000 | 3,628,000 | 959,000 | -2,275,000 | 1,857,000 | 4,434,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | -1,352,000 | -2,289,000 | 0 | 1,353,000 | 1,353,000 | 0 | 0 | 0 | 0 | 1,248,000 | 0 | -9,615,000 | 0 | 10,862,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -17,000 | 6,000 | -15,000 | 13,000 | -37,000 | -4,000 | 33,000 | -22,000 | -57,000 | 50,000 | -20,000 | 22,000 | 44,000 | -74,000 | 89,000 |
| other long term liabilities | 11,000 | 0 | 0 | 0 | -1,366,000 | -929,000 | 805,000 | 84,000 | 133,000 | -60,000 | -241,000 | 441,000 | -494,000 | -2,000 | 700,000 |
| share issue | |||||||||||||||
| interest | -9,000 | -1,000 | -9,000 | -6,000 | -8,000 | -14,000 | -13,000 | -19,000 | -25,000 | -32,000 | -28,000 | -19,000 | -12,000 | -9,000 | -15,000 |
| cash flow from financing | -15,000 | -1,347,000 | -1,212,000 | 7,000 | 581,000 | -947,000 | 825,000 | 43,000 | 1,051,000 | -89,000 | -289,000 | 444,000 | -462,000 | -85,000 | 11,991,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,775,000 | 5,076,000 | 1,054,000 | -903,000 | 3,536,000 | 1,441,000 | 1,690,000 | 845,000 | -1,792,000 | -532,000 | 842,000 | 1,440,000 | 202,000 | -2,767,000 | 3,893,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,775,000 | 5,076,000 | 1,054,000 | -903,000 | 3,536,000 | 1,441,000 | 1,690,000 | 845,000 | -1,792,000 | -532,000 | 842,000 | 1,440,000 | 202,000 | -2,767,000 | 3,893,000 |
prestige underwriting services limited Credit Report and Business Information
Prestige Underwriting Services Limited Competitor Analysis
Perform a competitor analysis for prestige underwriting services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in BT38 area or any other competitors across 12 key performance metrics.
prestige underwriting services limited Ownership
PRESTIGE UNDERWRITING SERVICES LIMITED group structure
Prestige Underwriting Services Limited has 3 subsidiary companies.
Ultimate parent company
CAPITAL Z (PRESTIGE) PARTNERS LP
#0115480
2 parents
PRESTIGE UNDERWRITING SERVICES LIMITED
NI031853
3 subsidiaries
prestige underwriting services limited directors
Prestige Underwriting Services Limited currently has 6 directors. The longest serving directors include Mrs Gillian Cunningham (Aug 2011) and Mr Trevor Shaw (Jan 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Gillian Cunningham | 58 years | Aug 2011 | - | Director | |
| Mr Trevor Shaw | 56 years | Jan 2012 | - | Director | |
| Mr Paul Hanna | England | 48 years | Jan 2012 | - | Director |
| Miss Alison Williams | 53 years | Oct 2015 | - | Director | |
| Mrs Wendy Close | Northern Ireland | 52 years | Oct 2019 | - | Director |
| Mr Justin Hillen | Northern Ireland | 47 years | Nov 2019 | - | Director |
P&L
December 2023turnover
32.3m
+14%
operating profit
2.3m
+73%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.9m
+0.35%
total assets
34.1m
+0.23%
cash
16.4m
+0.3%
net assets
Total assets minus all liabilities
prestige underwriting services limited company details
company number
NI031853
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
January 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
10 governors place, carrickfergus, BT38 7BN
Bank
DANSKE BANK LIMITED
Legal Advisor
CARSON MCDOWELL
prestige underwriting services 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 8 charges/mortgages relating to prestige underwriting services limited. Currently there are 1 open charges and 7 have been satisfied in the past.
prestige underwriting services 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 PRESTIGE UNDERWRITING SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
prestige underwriting services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
