Premium Choice Limited in Overstrand, WV9 5AP

Description

Data updated on: 01-11-2023

Premium Choice is a firm with it's headquarters at WV9 5AP Overstrand at Pendeford House. This company has been registered in year 1999 and is registered under the identification number 03845329. This company has been operating on the British market for twenty five years now and the last known status is active. This firm's SIC code is 66220 meaning Activities of insurance agents and brokers. Saturday 31st December 2022 is the last time company accounts were filed.

The company owes its well established position on the market and constant progress to a team of two directors, namely Mark W. and Richard D., who have been overseeing the firm for twenty five years.

The companies with significant control over this firm are as follows: Mers Ins Limited owns over 3/4 of company shares. This business can be reached in Wolverhampton at Pendeford Business Park, Overstrand, WV9 5AP, West Midlands and was registered as a PSC under the reg no 07349131.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2016-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 009 040	300 177	1 245 318	243 963	617 205
Current Assets	7 601 643	7 522 400	8 686 846	7 893 907	8 406 379
Debtors	6 592 603	7 222 223	7 441 528	7 649 944	7 789 174
Net Assets Liabilities	2 717 436	3 215 444	4 277 984	4 262 365	4 316 513
Other Debtors	81 268	444 818	1 829 487	1 935 025	2 069 905
Property Plant Equipment	188 303	62 943	194 088	89 942	72 238

Other Financial Data
Audit Fees Expenses	24 463	26 634	27 300	22 565	22 683
Accrued Liabilities Deferred Income	323 247	308 638	893 522	766 206	970 264
Accumulated Amortisation Impairment Intangible Assets	580 669	631 093		20 000	66 500
Accumulated Depreciation Impairment Property Plant Equipment	1 347 321	1 477 015	1 233 904	1 352 438	1 419 381
Additions Other Than Through Business Combinations Property Plant Equipment		4 334
Administrative Expenses	12 312 627	11 371 915	10 580 300	9 402 309	9 636 009
Amortisation Expense Intangible Assets	50 423	50 424		20 000	46 500
Amortisation Rate Used For Intangible Assets		5
Amounts Owed By Group Undertakings	3 072 533	3 419 033	3 452 341	3 500 966	3 501 011
Applicable Tax Rate	20	20	19	19	19
Average Number Employees During Period	206	200	148	132	105
Brokerage Fee Income	12 774 012	12 028 674
Comprehensive Income Expense	335 989	498 008
Corporation Tax Payable	126 272	157 741	638		36 904
Creditors	5 274 194	4 521 159	36 396	4 338	4 560 607
Current Tax For Period	126 272	157 745		-67 945	36 904
Depreciation Expense Property Plant Equipment	160 648	129 694	59 637	53 152	34 882
Fixed Assets	389 987	214 203	194 091	269 945	470 741
Future Minimum Lease Payments Under Non-cancellable Operating Leases	426 908	190 365	191 550	106 038	237 877
Gross Profit Loss	12 774 012	12 028 674
Increase From Amortisation Charge For Year Intangible Assets		50 424		20 000	46 500
Increase From Depreciation Charge For Year Property Plant Equipment		129 694		118 534	66 943
Intangible Assets	201 681	151 257		180 000	398 500
Intangible Assets Gross Cost		782 350		200 000	465 000
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	1 462	2 338
Interest Income On Cash Cash Equivalents	2 338	1 332
Interest Payable Similar Charges Finance Costs	1 462	2 338	28 163	23 681	15 247
Investments		3
Investments Fixed Assets	3	3	3	3	3
Investments In Group Undertakings		3
Net Current Assets Liabilities	2 327 449	3 001 241	4 120 289	3 996 758	3 845 772
Number Shares Issued Fully Paid	771 364	771 364		771 364	771 364
Operating Profit Loss	461 385	656 759	-27 356	91 221	397 438
Other Creditors	8 711	5 276	33 893	12 580	11 211
Other Departments Average Number Employees	2	2
Other Interest Receivable Similar Income Finance Income	2 338	1 332	62	874	6 230
Other Taxation Social Security Payable	102 215	107 265	94 596	71 402	64 844
Par Value Share		1		1	1
Pension Costs Defined Contribution Plan	24 666	33 704
Pension Other Post-employment Benefit Costs Other Pension Costs	24 666	33 704	74 259	77 123	55 334
Prepayments Accrued Income	800 814	655 921
Profit Loss	335 989	498 008	-55 457	195 401	354 148
Profit Loss On Ordinary Activities Before Tax	462 261	655 753	-55 457	68 414	388 421
Property Plant Equipment Gross Cost	1 535 624	1 539 958	1 427 992	189 042	39 041
Social Security Costs	320 686	342 730	334 020	340 579	264 378
Staff Costs Employee Benefits Expense	4 877 812	4 880 660	4 311 597	4 078 085	3 198 901
Tax Expense Credit Applicable Tax Rate	93 192	131 151	-10 537	12 999	73 800
Tax Increase Decrease From Effect Capital Allowances Depreciation	17 694	13 120	6 638	19 229	5 397
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	15 382	13 474	1 871	1 746	1 369
Tax Tax Credit On Profit Or Loss On Ordinary Activities	126 272	157 745		-126 987	34 273
Total Assets Less Current Liabilities	2 717 436	3 215 444	4 314 380	4 266 703	4 316 513
Trade Creditors Trade Payables	4 713 749	3 942 239	3 478 526	3 014 903	3 407 886
Trade Debtors Trade Receivables	2 637 988	2 702 451	1 496 271	1 704 075	1 772 380
Turnover Revenue	12 774 012	12 028 674	10 274 584	9 420 376	10 033 447
Useful Life Property Plant Equipment Years		10
Wages Salaries	4 532 460	4 504 226	3 903 318	3 660 383	2 879 189
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss					-2 631
Corporation Tax Recoverable				127 147	94 390
Deferred Tax Asset Debtors					2 631
Dividends Paid			622 000	211 020	300 000
Dividends Paid On Shares Interim			622 000	211 020	300 000
Finance Lease Liabilities Present Value Total			65 382	32 058	4 338
Finance Lease Payments Owing Minimum Gross			73 935	36 467	4 968
Future Finance Charges On Finance Leases			8 553	4 409	630
Government Grant Income			278 360	73 154
Interest Expense On Bank Loans Similar Borrowings			19 375	15 128	10 838
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			8 788	8 553	4 409
Other Deferred Tax Expense Credit					-2 631
Other Investments Other Than Loans			3	3	3
Other Operating Income Format1			278 360	73 154
Percentage Class Share Held In Subsidiary				100	100
Prepayments			663 429	382 731	348 857
Provisions					-2 631
Tax Decrease From Utilisation Tax Losses			-16 645
Total Additions Including From Business Combinations Intangible Assets				200 000	265 000
Total Additions Including From Business Combinations Property Plant Equipment				14 388	49 239
Total Current Tax Expense Credit				-126 987	36 904
Total Operating Lease Payments			244 194	227 128	197 772