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TOWERGATE UNDERWRITING GROUP LIMITED

Company TypePrivate Limited
Company StatusClaim Form
Company Number04043759
Incorporated2000-07-31
IndustryActivities of insurance agents and brokers
Phone Number01622 754754
Net Profit MarginPost-Tax Profit / Revenue (%)

Not Verified

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Summary

TOWERGATE UNDERWRITING GROUP LIMITED was formed on the 31st July 2000 (filed on the 1st September 2016) , and are based in Towergate House,, St. Leonards Rd. They are currently rated C and are considered to represent an average risk score. Their credit score was last updated on 12th September 2016. Companies house classifies them as Full Accounts. Their current legal status is Claim Form. This information was last updated on the 4th November 2016.

In 2015, they made a post-tax profit of £-41,896,000 on a turnover of £195,880,000 (down 74% from 2014) .

There is 1 major shareholder listed for TOWERGATE UNDERWRITING GROUP LIMITED with Towergate Insurance Limited owning the most shares by value.

Addresses

Registered address

Towergate House Eclipse Park
Sittingbourne Road
Maidstone
Kent
ME14 3EN

Trading address

Towergate House,
St. Leonards Rd
Maidstone
ME16 0LS

Financials

31st December 2015 31st December 2014 31st December 2013 31st December 2012 31st December 2011
Cash £113,183,000 £92,535,000 £113,957,961 £95,368,119 £102,187,173
Tangible net worth £33,378,000 £70,159,000 £177,126,760 £143,576,642 £112,940,765
Current liabilities £145,812,000 £149,626,000 £279,363,205 £289,753,104 £308,444,379
Current assets £170,384,000 £205,689,000 £440,012,264 £411,512,422 £400,496,955
31st December 2015 31st December 2014 31st December 2013 31st December 2012 31st December 2011
Solvency ratios
Current ratio 1.17 1.37 1.58 1.42 1.30
Efficiency ratios
Return on assets -0.09 -0.30 0.01 0.02 0.01
Return on capital employed -0.14 -0.43 0.02 0.05 0.03
Gearing ratios
Debt to equity ratio 0.31 0.31 0.57 0.58 0.62
Equity ratio 1.05 0.96 0.64 0.63 0.62
Debt ratio - - 0.00 0.00 0.00
Other ratios
Debtor days - - - - -
Interest cover - -213.47 - - 545.26

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