reliable claims solutions limited
reliable claims solutions limited Company Information
Company Number
NI039178
Next Accounts
Sep 2025
Shareholders
prestige insurance holdings ltd
Group Structure
View All
Industry
Non-life insurance
Registered Address
10 governors place, carrickfergus, county antrim, BT38 7BN
Website
https://www.wwf.org.ukreliable claims solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RELIABLE CLAIMS SOLUTIONS LIMITED at £104.9k based on a Turnover of £308k and 0.34x industry multiple (adjusted for size and gross margin).
reliable claims solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RELIABLE CLAIMS SOLUTIONS LIMITED at £179.6k based on an EBITDA of £47k and a 3.82x industry multiple (adjusted for size and gross margin).
reliable claims solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RELIABLE CLAIMS SOLUTIONS LIMITED at £764.1k based on Net Assets of £454k and 1.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Reliable Claims Solutions Limited Overview
Reliable Claims Solutions Limited is a live company located in county antrim, BT38 7BN with a Companies House number of NI039178. It operates in the non-life insurance sector, SIC Code 65120. Founded in August 2000, it's largest shareholder is prestige insurance holdings ltd with a 100% stake. Reliable Claims Solutions Limited is a mature, micro sized company, Pomanda has estimated its turnover at £308k with declining growth in recent years.
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Reliable Claims Solutions Limited Health Check
Pomanda's financial health check has awarded Reliable Claims Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £308k, make it smaller than the average company (£2.1m)
£308k - Reliable Claims Solutions Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8.7%)
-2% - Reliable Claims Solutions Limited
8.7% - Industry AVG
Production
with a gross margin of 14.9%, this company has a higher cost of product (100%)
14.9% - Reliable Claims Solutions Limited
100% - Industry AVG
Profitability
an operating margin of 14.9% make it as profitable than the average company (17.6%)
14.9% - Reliable Claims Solutions Limited
17.6% - Industry AVG
Employees
with 9 employees, this is below the industry average (26)
9 - Reliable Claims Solutions Limited
26 - Industry AVG
Pay Structure
on an average salary of £21.2k, the company has a lower pay structure (£65.4k)
£21.2k - Reliable Claims Solutions Limited
£65.4k - Industry AVG
Efficiency
resulting in sales per employee of £34.2k, this is less efficient (£163.6k)
£34.2k - Reliable Claims Solutions Limited
£163.6k - Industry AVG
Debtor Days
it gets paid by customers after 822 days, this is later than average (216 days)
822 days - Reliable Claims Solutions Limited
216 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (305 days)
5 days - Reliable Claims Solutions Limited
305 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Reliable Claims Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (18 weeks)
11 weeks - Reliable Claims Solutions Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.9%, this is a lower level of debt than the average (81.5%)
41.9% - Reliable Claims Solutions Limited
81.5% - Industry AVG
RELIABLE CLAIMS SOLUTIONS LIMITED financials
Reliable Claims Solutions Limited's latest turnover from December 2023 is £308 thousand and the company has net assets of £454 thousand. According to their latest financial statements, Reliable Claims Solutions Limited has 9 employees and maintains cash reserves of £74 thousand 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 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 308,000 | 349,000 | 316,000 | 331,000 | 332,000 | 375,000 | 484,000 | 487,000 | 372,000 | 355,000 | 340,000 | 194,000 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 262,000 | 292,000 | 247,000 | 239,000 | 237,000 | 286,000 | 307,000 | 294,000 | 202,000 | 184,000 | 327,000 | 168,000 | ||||
| Gross Profit | 46,000 | 57,000 | 69,000 | 92,000 | 95,000 | 89,000 | 177,000 | 193,000 | 170,000 | 171,000 | 13,000 | 26,000 | ||||
| Admin Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Operating Profit | 46,000 | 57,000 | 69,000 | 92,000 | 95,000 | 89,000 | 177,000 | 193,000 | 170,000 | 171,000 | 13,000 | 26,000 | ||||
| Interest Payable | 0 | 0 | 0 | 1,000 | 0 | 0 | 1,000 | 0 | 0 | 0 | 1,000 | 0 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | 46,000 | 57,000 | 69,000 | 91,000 | 95,000 | 89,000 | 176,000 | 193,000 | 170,000 | 171,000 | 12,000 | 26,000 | ||||
| Tax | -11,000 | -11,000 | -13,000 | -17,000 | -18,000 | -18,000 | -34,000 | -39,000 | -34,000 | -35,000 | -3,000 | -6,000 | ||||
| Profit After Tax | 35,000 | 46,000 | 56,000 | 74,000 | 77,000 | 71,000 | 142,000 | 154,000 | 136,000 | 136,000 | 9,000 | 20,000 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | ||||
| Retained Profit | 35,000 | 46,000 | 56,000 | 74,000 | 77,000 | 71,000 | 142,000 | 154,000 | 36,000 | 136,000 | 9,000 | 20,000 | ||||
| Employee Costs | 191,000 | 207,000 | 171,000 | 180,000 | 176,000 | 234,000 | 276,000 | 259,000 | 187,000 | 174,000 | 246,000 | 118,000 | ||||
| Number Of Employees | 9 | 7 | 10 | 12 | 11 | 13 | 15 | 14 | 9 | 9 | 11 | 10 | ||||
| EBITDA* | 47,000 | 59,000 | 70,000 | 94,000 | 96,000 | 91,000 | 179,000 | 198,000 | 177,000 | 177,000 | 21,000 | 32,000 |
* 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 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,000 | 5,000 | 4,000 | 5,000 | 7,000 | 8,000 | 10,000 | 12,000 | 9,000 | 16,000 | 10,000 | 18,000 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,000 | 5,000 | 4,000 | 5,000 | 7,000 | 8,000 | 10,000 | 12,000 | 9,000 | 16,000 | 10,000 | 18,000 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 694,000 | 781,000 | 283,000 | 281,000 | 274,000 | 240,000 | 225,000 | 189,000 | 143,000 | 157,000 | 149,000 | 90,000 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,000 | 11,000 | 420,000 | 239,000 | 294,000 | 297,000 | 356,000 | 355,000 | 103,000 | 10,000 | 3,000 | 19,000 | 0 | 0 | 0 | 0 |
| Cash | 74,000 | 131,000 | 90,000 | 342,000 | 463,000 | 139,000 | 56,000 | 158,000 | 39,000 | 26,000 | 20,000 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 778,000 | 923,000 | 793,000 | 862,000 | 1,031,000 | 676,000 | 637,000 | 702,000 | 285,000 | 193,000 | 172,000 | 109,000 | 0 | 0 | 0 | 0 |
| total assets | 782,000 | 928,000 | 797,000 | 867,000 | 1,038,000 | 684,000 | 647,000 | 714,000 | 294,000 | 209,000 | 182,000 | 127,000 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,000 | 6,000 | 19,000 | 19,000 | 23,000 | 19,000 | 16,000 | 16,000 | 11,000 | 0 | 41,000 | 3,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 234,000 | 472,000 | 379,000 | 512,000 | 719,000 | 460,000 | 489,000 | 293,000 | 51,000 | 7,000 | 102,000 | 86,000 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 90,000 | 31,000 | 26,000 | 19,000 | 53,000 | 39,000 | 47,000 | 52,000 | 33,000 | 39,000 | 10,000 | 10,000 | 0 | 0 | 0 | 0 |
| total current liabilities | 328,000 | 509,000 | 424,000 | 550,000 | 795,000 | 518,000 | 552,000 | 361,000 | 95,000 | 46,000 | 153,000 | 107,000 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 328,000 | 509,000 | 424,000 | 550,000 | 795,000 | 518,000 | 552,000 | 361,000 | 95,000 | 46,000 | 153,000 | 107,000 | 0 | 0 | 0 | 0 |
| net assets | 454,000 | 419,000 | 373,000 | 317,000 | 243,000 | 166,000 | 95,000 | 353,000 | 199,000 | 163,000 | 29,000 | 20,000 | 0 | 0 | 0 | 0 |
| total shareholders funds | 454,000 | 419,000 | 373,000 | 317,000 | 243,000 | 166,000 | 95,000 | 353,000 | 199,000 | 163,000 | 29,000 | 20,000 | 0 | 0 | 0 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 46,000 | 57,000 | 69,000 | 92,000 | 95,000 | 89,000 | 177,000 | 193,000 | 170,000 | 171,000 | 13,000 | 26,000 | ||||
| Depreciation | 1,000 | 2,000 | 1,000 | 2,000 | 1,000 | 2,000 | 2,000 | 5,000 | 7,000 | 6,000 | 8,000 | 6,000 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | -11,000 | -11,000 | -13,000 | -17,000 | -18,000 | -18,000 | -34,000 | -39,000 | -34,000 | -35,000 | -3,000 | -6,000 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -88,000 | 89,000 | 183,000 | -48,000 | -13,000 | -44,000 | 37,000 | 298,000 | 79,000 | 15,000 | 43,000 | 109,000 | 0 | 0 | 0 | 0 |
| Creditors | -2,000 | -13,000 | 0 | -4,000 | 7,000 | 3,000 | 0 | 5,000 | 11,000 | -41,000 | 38,000 | 3,000 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 59,000 | 5,000 | 7,000 | -34,000 | 6,000 | -8,000 | -5,000 | 19,000 | -6,000 | 29,000 | 0 | 10,000 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -49,000 | -119,000 | 87,000 | 104,000 | 112,000 | 103,000 | -115,000 | 69,000 | 115,000 | 13,000 | -70,000 | |||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -238,000 | 93,000 | -133,000 | -207,000 | 230,000 | -29,000 | 196,000 | 242,000 | 44,000 | -95,000 | 16,000 | 86,000 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | 0 | 0 | 0 | -1,000 | 0 | 0 | -1,000 | 0 | 0 | 0 | -1,000 | 0 | ||||
| cash flow from financing | -238,000 | 93,000 | -133,000 | -208,000 | 301,000 | -29,000 | -205,000 | 242,000 | 44,000 | -97,000 | 15,000 | 86,000 | ||||
| cash and cash equivalents | ||||||||||||||||
| cash | -57,000 | 41,000 | -252,000 | -121,000 | 407,000 | 83,000 | -102,000 | 119,000 | 13,000 | 6,000 | 20,000 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,000 | 8,000 | 0 | 0 | 0 | 0 |
| change in cash | -57,000 | 41,000 | -252,000 | -121,000 | 407,000 | 83,000 | -102,000 | 119,000 | 13,000 | 6,000 | 28,000 | -8,000 | 0 | 0 | 0 | 0 |
reliable claims solutions limited Credit Report and Business Information
Reliable Claims Solutions Limited Competitor Analysis
Perform a competitor analysis for reliable claims solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BT38 area or any other competitors across 12 key performance metrics.
reliable claims solutions limited Ownership
RELIABLE CLAIMS SOLUTIONS LIMITED group structure
Reliable Claims Solutions Limited has no subsidiary companies.
Ultimate parent company
CAPITAL Z (PRESTIGE) PARTNERS LP
#0115480
2 parents
RELIABLE CLAIMS SOLUTIONS LIMITED
NI039178
reliable claims solutions limited directors
Reliable Claims Solutions Limited currently has 3 directors. The longest serving directors include Mr Paul Hanna (Dec 2012) and Mr Trevor Shaw (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Hanna | England | 48 years | Dec 2012 | - | Director |
| Mr Trevor Shaw | 56 years | Dec 2018 | - | Director | |
| Mr Justin Hillen | Northern Ireland | 47 years | Jul 2022 | - | Director |
P&L
December 2023turnover
308k
-12%
operating profit
46k
-19%
gross margin
15%
-8.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
454k
+0.08%
total assets
782k
-0.16%
cash
74k
-0.44%
net assets
Total assets minus all liabilities
reliable claims solutions limited company details
company number
NI039178
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
August 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
customer claims assist limited (August 2024)
claims management northern ireland ltd (October 2012)
accountant
-
auditor
ERNST & YOUNG LLP
address
10 governors place, carrickfergus, county antrim, BT38 7BN
Bank
DANSKE BANK LIMITED
Legal Advisor
CARSON MCDOWELL
reliable claims solutions 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 4 charges/mortgages relating to reliable claims solutions limited. Currently there are 1 open charges and 3 have been satisfied in the past.
reliable claims solutions 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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reliable claims solutions limited Companies House Filings - See Documents
| date | description | view/download |
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