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MIDAS UNDERWRITING LTD

Company TypePrivate Limited
Company Number04040230
Incorporated2000-07-25
IndustryNon-life insurance
Websitewww.midasuw.com
Phone Number0845 600 9259
Net Profit MarginPost-Tax Profit / Revenue (%)

Not Verified

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Summary

MIDAS UNDERWRITING LTD was formed on the 25th July 2000 (filed on the 22nd January 2016) , and are based in Essex, Ground Floor St Benedict House. They are currently rated B and are considered to represent a below average risk score. Their credit score was last updated on 7th April 2016. Companies house classifies them as Full Accounts. This information was last updated on the 24th October 2016.

In 2015, they made a post-tax profit of £950,353 on a turnover of £23,703,483 (up 179% from 2014) .

There is 1 major shareholder listed for MIDAS UNDERWRITING LTD with Rdg Midas Holdings (Nl) Limited owning the most shares by value.

Addresses

Registered address

St Benedict House
17 Springfield Lyons Approach
Chelmsford
Essex
CM2 5LB

Trading addresses

Ground Floor St Benedict House
17 Springfield Lyons Approach
Springfield
Chelmsford
Essex
CM2 5LB
36 Jubilee Road
Newtownards
County Down
BT23 4YH
36 Jubilee Road
Newtownards
County Down
BT23 4YH
2 more trading addresses not shown.

Financials

30th April 2015 30th April 2014 30th April 2013 30th April 2012 30th April 2011
Cash £1,438,373 £1,323,568 £649,569 £586,131 £480,891
Tangible net worth £1,278,569 £567,488 £226,783 £186,666 £442,087
Current liabilities £4,014,089 £3,878,385 £1,498,779 £272,601 £70,998
Current assets £6,145,031 £5,169,296 £2,872,303 £2,109,546 £509,885
30th April 2015 30th April 2014 30th April 2013 30th April 2012 30th April 2011
Solvency ratios
Current ratio 1.53 1.33 1.92 7.74 7.18
Efficiency ratios
Return on assets 0.15 0.07 - - -
Return on capital employed 0.43 0.29 - - -
Gearing ratios
Debt to equity ratio 842.08 15.25 8.80 6.45 0.22
Equity ratio 0.00 0.06 0.10 0.14 0.64
Debt ratio - 0.00 - - -
Other ratios
Debtor days - - - - -
Interest cover 171.87 270.03 - - -

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Details of 1 mortgage available.

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