Reich Insurance Brokers Limited
Registered name: REICH INSURANCE BROKERS LIMITED
Part of Howden Group Holdings Limited groupReich Insurance Brokers Limited made £14.8m revenue and £1.8m profit in the year to 31 Mar 2023. read from filing text
Reich Insurance Brokers Limited’s revenue grew 1% to £14.8m in the year to 31 Mar 2023, with £1.8m profit and 121 employees. The company is classified under “non-life insurance” and is based in Salford; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Salford, North West
- Age
- 27 yrs · since 1999
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £14.7m | £14.8m |
| Operating profit | £4.9m | £2.5m |
| Profit before tax | £5.2m | £2.5m |
| Profit after tax | £4m | £1.8m |
| Profit (best available) | £4m | £1.8m |
| Staff costs | £6.3m | £7.1m |
| Employees (average) | — | 121 |
| Ratios | ||
| Profit margin | 27.5% | 12.2% |
| Revenue per employee | — | £123k |
| Profit per employee | — | £14.9k |
| Growth (year on year) | ||
| Revenue growth | — | ▲0.9% |
| Profit growth | — | ▼55.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £9.6m | £3.4m |
| Net assets | £25.1m | £26.3m |
| Fixed assets | £10.4m | £7.6m |
| Current assets | £20.1m | £19.9m |
| Debtors | £6m | £5.7m |
| Deferred income | £250k | £408k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 12.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £123k
- Revenue ÷ average employees.
- Profit per employee
- £14.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 51.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 38.5%
- 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
- ▲5%
- Now £26.3m
- Cash at bank
- ▼65%
- Now £3.4m
- Headcount
- —
- Now 121
- Deferred income
- ▲63%
- Now £408k
- Fixed assets
- ▼27%
- Now £7.6m
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%
- Reich Insurance Brokers Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (32)
- Activequote LimitedRev. £16m · Profit £598k
- Sennocke International Insurance Services LimitedRev. £9.8m · Profit £1.8m
- Howden FS LimitedRev. £4.3m · Profit £668k
- 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 Mar 2023 (profit £1.8m), from the Companies House accounts bulk data published Dec 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.