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SOURCE INSURANCE LIMITED

Company TypePrivate Limited
Company Number02864963
Incorporated1993-10-22
IndustryActivities of insurance agents and brokers
Websitehttp://www.thesource.co.uk
Phone Number029 2026 5265
Net Profit MarginPost-Tax Profit / Revenue (%)

Not Verified

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Summary

SOURCE INSURANCE LIMITED was formed on the 22nd October 1993 (filed on the 22nd June 2016) , and are based in South Glamorgan, Drake House. They are currently rated B and are considered to represent a below average risk score. Their credit score was last updated on 1st July 2016 when it was upgraded to the current B from C. Companies house classifies them as Full Accounts. This information was last updated on the 3rd November 2016.

In 2015, they made a post-tax profit of £591,198 on a turnover of £10,029,212 (up 92% from 2014) .

There are 9 major shareholders listed for SOURCE INSURANCE LIMITED with Andrew Alistair Masters owning the most shares by value.

Addresses

Registered address

Drake House
Plymouth Road
Penarth
South Glamorgan
CF64 3TP

Trading address

Drake House
Plymouth Road
Penarth
South Glamorgan
CF64 3TP

Financials

31st December 2015 31st December 2014 31st December 2013 31st December 2012 31st December 2011
Cash £2,387,815 £1,497,678 £2,325,253 £2,321,859 £2,409,729
Tangible net worth £1,106,859 £837,275 £859,654 £861,787 £664,132
Current liabilities £3,230,218 £3,025,019 £2,509,936 £2,437,232 £2,862,117
Current assets £4,228,929 £3,730,589 £3,361,235 £3,381,257 £3,173,403
31st December 2015 31st December 2014 31st December 2013 31st December 2012 31st December 2011
Solvency ratios
Current ratio 1.31 1.23 1.34 1.39 1.11
Efficiency ratios
Return on assets 0.14 0.08 0.11 0.09 0.12
Return on capital employed 0.66 0.45 0.44 0.36 0.55
Gearing ratios
Debt to equity ratio 1617.11 1523.28 1338.44 1386.85 1748.25
Equity ratio 0.00 0.00 0.00 0.00 0.00
Debt ratio - 0.00 0.00 0.02 0.08
Other ratios
Debtor days - - - - -
Interest cover 257.69 50.37 56.42 36.62 107.49

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Details of 4 mortgages available.

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