MCE Insurance

At MCE Insurance, we are proud to be an independently owned motorcycle insurance broker and we operate out of a state-of-the-art call centre in Rushden, Northamptonshire. Established in 1975, we have grown into the UK's Number One provider of motorcycle insurance, offering technical expertise and an excellent customer experience for riders across the country.

From sports bikes to scooters, motocross to monkey bikes, we pride ourselves on understanding what it means to be a biker and knowing what riders want from their insurance and as such, we leave no stone unturned in searching out the best deal for our customers. We search for the best deals from our extensive panel of insurance partners and compare hundreds of prices to make sure that our customers get the right policy at the right price every time.

Revenue(FY, 2016)

£29.5 M

Company Growth (employees)

Type

Private

Rushden, GB

Founded

1975

Size (employees)

93 (est)+3%

Website

mceinsurance.com

MCE Insurance was founded in 1975 and is headquartered in Rushden, GB

MCE Insurance Office Locations

MCE Insurance has an office in Rushden

Rushden, GB (HQ)

Crown Way

MCE Insurance Data and Metrics

Summary Metrics

Founding Date	1975

MCE Insurance Financial Metrics

MCE Insurance's revenue was reported to be £29.5 m in FY, 2016 which is a 21% increase from the previous period.

Summary

GBP

Income Statement

GBP	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	23.1 m	23.5 m	24.4 m	29.5 m
Revenue growth, %		2%	4%	21%
Cost of goods sold	1.7 m	2.4 m	1.6 m	6.9 m
Gross profit	21.4 m	21.1 m	22.8 m	22.5 m
Gross profit Margin, %	93%	90%	93%	76%
Operating expense total	21.4 m	21.1 m	22.7 m	21.3 m
Pre tax profit		25.6 k	(103.7 k)	1.2 m
Net Income		46.9 k	(99.4 k)	931.9 k

Balance Sheet

GBP	FY, 2014	FY, 2015	FY, 2016
Cash	9 m	8.6 m	6.9 m
Accounts Receivable	506.4 k	20.6 m	264.3 k
Current Assets	17.2 m	29.2 m	30.3 m
PP&E	1.3 m	1.3 m	2.1 m
Total Assets	18.5 m	30.6 m	32.4 m
Accounts Payable	2.4 m	5 m	2.6 m
Current Liabilities	16.4 m	28.6 m	30.3 m
Total Liabilities	16.5 m	28.6 m	30.4 m
Retained Earnings	22.9 k	(176.2 k)	(48.1 k)
Total Equity	2 m	2 m	1.9 m
Financial Leverage	9.2 x	15.4 x	16.7 x