Minova Insurance is a new, ambitious and innovative insurance holding company. They back positive people with good ideas in the global insurance market. They help to empower teams to maximise their entrepreneurial potential.
Type
Private
HQ
London, GB
Founded
1980
Size (employees)
16 (est)
Minova Insurance was founded in 1980 and is headquartered in London, GB
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Key People/Management at Minova Insurance

Dane Douetil

Dane Douetil

CEO

Minova Insurance Office Locations

Minova Insurance has an office in London
London, GB (HQ)
1 America Square
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Minova Insurance Financials and Metrics

Summary Metrics

Founding Date

1980

Total Funding

$50.7 m

Latest funding size

$50.70 m

Time since last funding

4 years ago

Investors

Minova Insurance's latest funding round in June 2014 was reported to be $50.7 m. In total, Minova Insurance has raised $50.7 m

Minova Insurance Financials

Minova Insurance's revenue was reported to be £102.78 m in FY, 2016
GBP

Revenue (FY, 2016)

102.8 m

Net income (FY, 2016)

(10.6 m)

EBITDA (FY, 2016)

19.3 m

EBIT (FY, 2016)

16.1 m

Cash (31-Dec-2016)

6.3 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

45.3 m42.6 m46.9 m50.2 m52.9 m64 m67.9 m76.5 m83.7 m102.8 m

Revenue growth, %

13%9%

Operating expense total

45.2 m41.3 m46.5 m48.9 m54.9 m64.8 m68.6 m79.8 m82.4 m86.6 m

EBITDA

2.5 m2.4 m3 m(390 k)16 k564 k(1.1 m)4.1 m19.3 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

62 m65.6 m42.1 m49.6 m40 m45 m57.9 m21.7 m10.8 m6.3 m

Accounts Receivable

307.3 m376.5 m332.5 m225.7 m188.9 m221.9 m162.2 m

Inventories

2 m2.5 m

Current Assets

375.2 m450.1 m380.1 m280.9 m239.4 m274.7 m234.6 m53.9 m54.2 m64.6 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.5 m)189 k6 k50 k(3.2 m)(2 m)(1.2 m)(4.6 m)(14.6 m)(10.6 m)

Cash From Operating Activities

(980 k)(1.6 m)(908 k)(597 k)(1.1 m)1.2 m(693 k)164 k(1.4 m)10.2 m

Dividends Paid

495 k118 k200 k319 k

Cash From Financing Activities

2.3 m(758 k)(1.1 m)(78 k)(2.1 m)5.8 m3.6 m30.7 m(119 k)2.6 m
GBPY, 2016

Revenue/Employee

6.2 m

Financial Leverage

-2.3 x
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