Market Insurance Brokers Limited
Registered name: MARKET INSURANCE BROKERS LIMITED
Market Insurance Brokers Limited made £17.5k revenue and a £601k loss in the year to 31 Dec 2022.
Market Insurance Brokers Limited’s revenue fell 89% to £17.5k in the year to 31 Dec 2022, with a loss of £601k and 5 employees. The company is classified under “activities of insurance agents and brokers” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 34 yrs · since 1992
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £166k | £17.5k |
| Gross profit | £166k | £17.5k |
| Operating profit | −£384k | −£601k |
| Profit before tax | −£384k | −£601k |
| Profit after tax | −£384k | −£601k |
| Profit (best available) | −£384k | −£601k |
| Employees (average) | 5 | 5 |
| Ratios | ||
| Profit margin | −230.8% | −3426% |
| Gross margin | 100% | 100% |
| Revenue per employee | £33.2k | £3.5k |
| Profit per employee | −£76.7k | −£120k |
| Growth (year on year) | ||
| Revenue growth | — | ▼89.5% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.3m | £469k |
| Net assets | £61.7k | £72.8k |
| Fixed assets | £0 | £0 |
| Current assets | £1.3m | £529k |
| Debtors | £78k | £57.2k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 |
How the business works
- Profit margin
- −3426%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £3.5k
- Revenue ÷ average employees.
- Profit per employee
- −£120k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 326%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲18%
- Now £72.8k
- Cash at bank
- ▼63%
- Now £469k
- Headcount
- 0%
- Now 5
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £0
Sources
Latest figures from FullAccounts for the year to 31 Dec 2022 (profit −£601k), from the Companies House accounts bulk data published Nov 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.