Howden FS Limited
Registered name: HOWDEN FS LIMITED
Part of Howden Group Holdings Limited groupHowden FS Limited made £4.3m revenue and £668k profit in the year to 31 Dec 2023.
Howden FS Limited’s revenue fell 52% to £4.3m in the year to 31 Dec 2023, with £668k profit and 0 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 30 yrs · since 1995
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Evelyn Partners Professional Services Group Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £9.1m | £4.3m |
| Cost of sales | £51k | £0 |
| Gross profit | £9.1m | £4.3m |
| Operating profit | £1.5m | £815k |
| Profit before tax | £1.5m | £954k |
| Profit after tax | £1.2m | £668k |
| Profit (best available) | £1.2m | £668k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 13.1% | 15.4% |
| Gross margin | 99.4% | 100% |
| Growth (year on year) | ||
| Revenue growth | — | ▼52.4% |
| Profit growth | — | ▼43.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £6.1m | £2.3m |
| Net assets | £7.1m | £2.4m |
| Current assets | £8.1m | £3.8m |
| Debtors | £2m | £1.5m |
| Deferred income | £638k | £675k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 15.4%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 15.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 35.5%
- 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
- ▼66%
- Now £2.4m
- Cash at bank
- ▼63%
- Now £2.3m
- Headcount
- —
- Now 0
- Deferred income
- ▲6%
- Now £675k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Howden Group Holdings Limitedultimate parent75–100%
- HGH Midco 1 Limited75–100%
- HGH Midco 2 Limited75–100%
- HGH Finance Limited75–100%
- HGH Midco 3 Limited75–100%
- Hig Finance 2 Limited75–100%
- Hyperion Development UK Limited75–100%
- Howden Broking Group Limited75–100%
- Howden Uk&i Holdings Limited75–100%
- Howden FS Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Ep Trust Corporation LimitedFigures not disclosed
Sister companies (32)
- Activequote LimitedRev. £16m · Profit £598k
- Reich Insurance Brokers LimitedRev. £14.8m · Profit £1.8m
- Sennocke International Insurance Services LimitedRev. £9.8m · Profit £1.8m
- A-Plan Group LtdFigures not disclosed
- A-Plan LimitedFigures not disclosed
- Allegiance Insure LimitedFigures not disclosed
- Benefits Advisory Services LtdFigures not disclosed
- Bruce Stevenson LimitedFigures not disclosed
- Build-Zone Survey Services LtdFigures not disclosed
- Dickson Financial Services LimitedFigures not disclosed
- Dna Insurance Services LtdFigures not disclosed
- Endsleigh Insurance Services LimitedFigures not disclosed
- Forbes Insurance LimitedFigures not disclosed
- Gott and Wynne LimitedFigures not disclosed
- Howden Driving Data LimitedFigures not disclosed
- Howden Employee Benefits & Wellbeing LimitedFigures not disclosed
- Howden RCS LimitedFigures not disclosed
- Howden Scotland LimitedFigures not disclosed
- Howden UK Brokers LimitedFigures not disclosed
- Incepta Risk Management LtdFigures not disclosed
- Laurie Ross LimitedFigures not disclosed
- Made by Sauce LimitedFigures not disclosed
- Media Insurance Brokers International LimitedFigures not disclosed
- Philip Williams (G Ins) Management LimitedRev. — · Profit £1.3m
- Protean Risk LimitedFigures not disclosed
- Pyvot LimitedFigures not disclosed
- Red Arc Assured LimitedFigures not disclosed
- SFS Group LimitedFigures not disclosed
- SFTS Trustees LimitedFigures not disclosed
- SPF Private Clients LimitedFigures not disclosed
- Tilt Services LimitedFigures not disclosed
- Ukglobal Broking Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £668k), from the Companies House accounts bulk data published Jul 2024. 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.