church of scotland insurance services limited
church of scotland insurance services limited Company Information
Company Number
SC001777
Website
http://cosic.co.ukRegistered Address
121 george street, edinburgh, EH2 4YN
Industry
Activities of insurance agents and brokers
Telephone
03104414119
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
church of scotland general trustees 100%
church of scotland insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED at £2.3m based on a Turnover of £1.5m and 1.51x industry multiple (adjusted for size and gross margin).
church of scotland insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED at £5.7m based on an EBITDA of £1m and a 5.68x industry multiple (adjusted for size and gross margin).
church of scotland insurance services limited Estimated Valuation
Pomanda estimates the enterprise value of CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED at £20.5m based on Net Assets of £7.3m and 2.81x industry multiple (adjusted for liquidity).
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Church Of Scotland Insurance Services Limited Overview
Church Of Scotland Insurance Services Limited is a live company located in edinburgh, EH2 4YN with a Companies House number of SC001777. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in October 1888, it's largest shareholder is church of scotland general trustees with a 100% stake. Church Of Scotland Insurance Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Church Of Scotland Insurance Services Limited Health Check
Pomanda's financial health check has awarded Church Of Scotland Insurance Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£3.2m)
£1.5m - Church Of Scotland Insurance Services Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7.4%)
-4% - Church Of Scotland Insurance Services Limited
7.4% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (94.6%)
100% - Church Of Scotland Insurance Services Limited
94.6% - Industry AVG
Profitability
an operating margin of 65.7% make it more profitable than the average company (18.2%)
65.7% - Church Of Scotland Insurance Services Limited
18.2% - Industry AVG
Employees
with 8 employees, this is below the industry average (19)
8 - Church Of Scotland Insurance Services Limited
19 - Industry AVG
Pay Structure
on an average salary of £41.4k, the company has a lower pay structure (£53.2k)
£41.4k - Church Of Scotland Insurance Services Limited
£53.2k - Industry AVG
Efficiency
resulting in sales per employee of £191.3k, this is more efficient (£126.5k)
£191.3k - Church Of Scotland Insurance Services Limited
£126.5k - Industry AVG
Debtor Days
it gets paid by customers after 412 days, this is later than average (71 days)
412 days - Church Of Scotland Insurance Services Limited
71 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Church Of Scotland Insurance Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Church Of Scotland Insurance Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 87 weeks, this is more cash available to meet short term requirements (34 weeks)
87 weeks - Church Of Scotland Insurance Services Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.3%, this is a lower level of debt than the average (58.3%)
16.3% - Church Of Scotland Insurance Services Limited
58.3% - Industry AVG
CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED financials
Church Of Scotland Insurance Services Limited's latest turnover from December 2023 is £1.5 million and the company has net assets of £7.3 million. According to their latest financial statements, Church Of Scotland Insurance Services Limited has 8 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,530,723 | 1,252,065 | 1,483,773 | 1,707,975 | 1,799,231 | 1,753,983 | 1,734,758 | 1,777,312 | 1,819,935 | 2,764,519 | 78,546 | 141,135 | 137,667 | 128,900 | 83,987 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 443 | |||||
| Gross Profit | 1,530,723 | 1,252,065 | 1,483,773 | 1,707,975 | 1,799,231 | 1,753,983 | 1,734,758 | 1,777,312 | 1,819,935 | 2,764,076 | |||||
| Admin Expenses | 525,383 | 682,573 | 464,457 | 436,819 | 415,879 | 455,530 | 382,843 | 357,373 | 433,436 | 466,259 | |||||
| Operating Profit | 1,005,340 | 569,492 | 1,019,316 | 1,271,156 | 1,383,352 | 1,298,453 | 1,351,915 | 1,419,939 | 1,386,499 | 2,297,817 | |||||
| Interest Payable | 0 | 704,761 | 0 | 0 | 0 | 288,314 | 0 | 0 | 0 | 0 | |||||
| Interest Receivable | 293,377 | 6,610 | 583,274 | 678,958 | 621,138 | 5,180 | 835 | 427,436 | 133,329 | 7,153 | |||||
| Pre-Tax Profit | 1,351,328 | -73,204 | 1,641,474 | 1,992,990 | 2,067,734 | 1,083,907 | 1,811,719 | 1,912,918 | 1,564,019 | 2,511,977 | 2,231,106 | 1,084,393 | -348,114 | 396,837 | 678,970 |
| Tax | -40,642 | 312,534 | -182,744 | -107,400 | -77,066 | 27,346 | -5,144 | -64,499 | -8,470 | 296,809 | -67,253 | -274,551 | 110,815 | -62,216 | -117,168 |
| Profit After Tax | 1,310,686 | 239,330 | 1,458,730 | 1,885,590 | 1,990,668 | 1,111,253 | 1,806,575 | 1,848,419 | 1,555,549 | 2,808,786 | 2,163,853 | 809,842 | -237,299 | 334,621 | 561,802 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,310,686 | 239,330 | 1,458,730 | 1,885,590 | 1,990,668 | 1,111,253 | 1,806,575 | 1,848,419 | 1,555,549 | 2,808,786 | 2,163,853 | 809,842 | -237,299 | 334,621 | 561,802 |
| Employee Costs | 330,851 | 308,210 | 315,714 | 289,932 | 276,245 | 250,032 | 261,512 | 272,242 | 270,148 | 135,997 | 286,580 | 272,290 | 245,046 | 215,726 | 204,861 |
| Number Of Employees | 8 | 8 | 9 | 10 | 10 | 9 | 8 | 9 | 9 | 4 | 10 | 11 | 12 | 12 | 11 |
| EBITDA* | 1,006,811 | 571,114 | 1,020,837 | 1,272,138 | 1,384,065 | 1,299,003 | 1,352,303 | 1,420,866 | 1,388,346 | 2,297,817 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,407 | 3,756 | 5,378 | 5,160 | 2,851 | 1,985 | 1,615 | 1,170 | 1,680 | 8,339 | 5,093,518 | 7,085,931 | 7,365,623 | 7,885,951 | 7,650,361 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,930,596 | 4,362,365 | 5,635,995 | 4,994,996 | 4,329,595 | 3,609,765 | 3,969,076 | 3,559,546 | 3,184,026 | 3,066,276 | 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 |
| Total Fixed Assets | 4,933,003 | 4,366,121 | 5,641,373 | 5,000,156 | 4,332,446 | 3,611,750 | 3,970,691 | 3,560,716 | 3,185,706 | 3,074,615 | 5,093,518 | 7,085,931 | 7,365,623 | 7,885,951 | 7,650,361 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,729,459 | 1,575,102 | 1,572,013 | 1,545,069 | 1,671,160 | 1,611,261 | 1,638,179 | 1,632,100 | 1,734,052 | 1,645,032 | 1,623,392 | 1,728,597 | 1,680,058 | 1,602,774 | 1,500,660 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 65,110 | 77,692 | 36,305 | 42,910 | 28,221 | 45,682 | 57,634 | 29,851 | 34,363 | 56,860 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,003,052 | 2,419,236 | 2,419,547 | 2,814,357 | 2,930,504 | 2,946,327 | 2,842,490 | 2,913,655 | 2,738,149 | 3,660,503 | 2,326,956 | 1,842,962 | 2,034,088 | 1,388,414 | 1,650,994 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 648 | 9,765 | 10,035 | 6,209 | 6,549 |
| total current assets | 3,797,621 | 4,072,030 | 4,027,865 | 4,402,336 | 4,629,885 | 4,603,270 | 4,538,303 | 4,575,606 | 4,506,564 | 5,362,395 | 3,990,675 | 3,622,229 | 3,991,683 | 3,083,788 | 3,372,657 |
| total assets | 8,730,624 | 8,438,151 | 9,669,238 | 9,402,492 | 8,962,331 | 8,215,020 | 8,508,994 | 8,136,322 | 7,692,270 | 8,437,010 | 9,084,193 | 10,708,160 | 11,357,306 | 10,969,739 | 11,023,018 |
| 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 | 1,111,784 | 1,049,653 | 1,049,009 | 1,018,292 | 1,083,700 | 1,062,407 | 1,060,344 | 1,074,021 | 1,114,025 | 1,031,158 | 1,032,350 | 1,806,853 | 1,780,025 | 1,723,001 | 1,857,854 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 77,971 | 138,326 | 66,132 | 40,251 | 33,817 | 32,730 | 26,806 | 27,731 | 34,130 | 40,002 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,189,755 | 1,187,979 | 1,115,141 | 1,058,543 | 1,117,517 | 1,095,137 | 1,087,150 | 1,101,752 | 1,148,155 | 1,071,160 | 1,310,327 | 2,621,941 | 3,836,096 | 2,858,408 | 3,087,444 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 233,824 | 193,182 | 505,716 | 322,972 | 215,572 | 138,506 | 165,852 | 160,708 | 96,209 | 87,915 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 233,824 | 193,182 | 505,716 | 322,972 | 215,572 | 138,506 | 165,852 | 160,708 | 96,209 | 87,915 | 385,075 | 1,822,674 | 2,067,507 | 2,420,329 | 2,579,193 |
| total liabilities | 1,423,579 | 1,381,161 | 1,620,857 | 1,381,515 | 1,333,089 | 1,233,643 | 1,253,002 | 1,262,460 | 1,244,364 | 1,159,075 | 1,695,402 | 4,444,615 | 5,903,603 | 5,278,737 | 5,666,637 |
| net assets | 7,307,045 | 7,056,990 | 8,048,381 | 8,020,977 | 7,629,242 | 6,981,377 | 7,255,992 | 6,873,862 | 6,447,906 | 7,277,935 | 7,388,791 | 6,263,545 | 5,453,703 | 5,691,002 | 5,356,381 |
| total shareholders funds | 7,307,045 | 7,056,990 | 8,048,381 | 8,020,977 | 7,629,242 | 6,981,377 | 7,255,992 | 6,873,862 | 6,447,906 | 7,277,935 | 7,388,791 | 6,263,545 | 5,453,703 | 5,691,002 | 5,356,381 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,005,340 | 569,492 | 1,019,316 | 1,271,156 | 1,383,352 | 1,298,453 | 1,351,915 | 1,419,939 | 1,386,499 | 2,297,817 | |||||
| Depreciation | 1,471 | 1,622 | 1,521 | 982 | 713 | 550 | 388 | 927 | 1,847 | 2,399 | 3,248 | 2,530 | 1,577 | 1,016 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | -40,642 | 312,534 | -182,744 | -107,400 | -77,066 | 27,346 | -5,144 | -64,499 | -8,470 | 296,809 | -67,253 | -274,551 | 110,815 | -62,216 | -117,168 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 141,775 | 44,476 | 20,339 | -111,402 | 42,438 | -38,870 | 33,862 | -106,464 | 66,523 | 78,500 | -105,205 | 48,539 | 77,284 | 102,114 | 1,500,660 |
| Creditors | 62,131 | 644 | 30,717 | -65,408 | 21,293 | 2,063 | -13,677 | -40,004 | 82,867 | -1,192 | -774,503 | 26,828 | 57,024 | -134,853 | 1,857,854 |
| Accruals and Deferred Income | -60,355 | 72,194 | 25,881 | 6,434 | 1,087 | 5,924 | -925 | -6,399 | -5,872 | 40,002 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 40,642 | -312,534 | 182,744 | 107,400 | 77,066 | -27,346 | 5,144 | 64,499 | 8,294 | 87,915 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 866,812 | 599,476 | 1,057,096 | 1,324,566 | 1,364,007 | 1,345,860 | 1,303,839 | 1,480,927 | 1,398,642 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -24,736 | 44,219 | 45,645 | 2,157,924 | |||||
| Change in Investments | 568,231 | -1,273,630 | 640,999 | 665,401 | 719,830 | -359,311 | 409,530 | 375,520 | 117,750 | 3,066,276 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -568,231 | 1,273,630 | -640,999 | -665,401 | -719,830 | 359,311 | -434,266 | -331,301 | -72,105 | -908,352 | |||||
| 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 | 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 |
| share issue | |||||||||||||||
| interest | 293,377 | -698,151 | 583,274 | 678,958 | 621,138 | -283,134 | 835 | 427,436 | 133,329 | 7,153 | |||||
| cash flow from financing | -767,254 | -1,928,872 | -848,052 | -814,897 | -721,665 | -1,669,002 | -1,423,610 | -995,027 | -2,252,249 | -2,912,489 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | -416,184 | -311 | -394,810 | -116,147 | -15,823 | 103,837 | -71,165 | 175,506 | -922,354 | 1,333,547 | 483,994 | -191,126 | 645,674 | -262,580 | 1,650,994 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -416,184 | -311 | -394,810 | -116,147 | -15,823 | 103,837 | -71,165 | 175,506 | -922,354 | 1,333,547 | 483,994 | -191,126 | 645,674 | -262,580 | 1,650,994 |
church of scotland insurance services limited Credit Report and Business Information
Church Of Scotland Insurance Services Limited Competitor Analysis
Perform a competitor analysis for church of scotland insurance services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EH2 area or any other competitors across 12 key performance metrics.
church of scotland insurance services limited Ownership
CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED group structure
Church Of Scotland Insurance Services Limited has no subsidiary companies.
Ultimate parent company
SCANDINAVIAN TRANSFORMER SP ZOO
#0013709
1 parent
CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED
SC001777
church of scotland insurance services limited directors
Church Of Scotland Insurance Services Limited currently has 5 directors. The longest serving directors include Mr Angus Tod (Oct 2006) and Mr Andrew Linnell (Aug 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Angus Tod | 74 years | Oct 2006 | - | Director | |
| Mr Andrew Linnell | United Kingdom | 71 years | Aug 2008 | - | Director |
| Mr Alan Kennedy | Scotland | 69 years | Sep 2011 | - | Director |
| Mr Kevin Roberts | Scotland | 68 years | May 2012 | - | Director |
| Mr Barry Clarkson | Scotland | 58 years | Nov 2018 | - | Director |
P&L
December 2023turnover
1.5m
+22%
operating profit
1m
+77%
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
7.3m
+0.04%
total assets
8.7m
+0.03%
cash
2m
-0.17%
net assets
Total assets minus all liabilities
church of scotland insurance services limited company details
company number
SC001777
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
October 1888
age
136
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
church of scotland insurance company limited (November 2014)
accountant
-
auditor
RSM UK AUDIT LLP
address
121 george street, edinburgh, EH2 4YN
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
church of scotland insurance 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 1 charges/mortgages relating to church of scotland insurance services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
church of scotland insurance services limited Companies House Filings - See Documents
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