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March 28, 2015 12:45 AM ET

Insurance

Company Overview of Paymentshield Limited

Company Overview

Paymentshield Limited provides general insurance products for homeowners, occupiers, and landlords. The company offers mortgage payment protection insurance; buildings and contents insurance, which covers buildings, contents, home emergency, legal expenses, no claims discount, personal possessions, valuable items, and accidental damage coverage; and landlords buildings and contents insurance that covers buildings only, and buildings and contents combined cover. It also provides mortgage related insurance services; online business reports services; and access to the mortgage market, protection products, secured and unsecured loans, and debt solutions. Paymentshield offers its products through...

Paymentshield House

Southport Business Park

Wight Moss Way

Southport,  PR8 4HQ

United Kingdom

Founded in 1992

Phone:

44 8456 011 050

Fax:

44 8456 011 070

Key Executives for Paymentshield Limited

Chief Executive Officer
Chief Financial Officer
Non Executive Director and Chief Executive Officer of Towergate Partnership
Insurance Director
IT Director
Compensation as of Fiscal Year 2014.

Paymentshield Limited Key Developments

Paymentshield Secures Extension to Mortgage Advice Bureau Distribution Deal

Paymentshield has confirmed its distribution agreement with Mortgage Advice Bureau has been extended to 2017. This extension means MAB 600 advisers will also have access to Paymentshield's latest product and service proposition. The Paymentshield panel has been integrated into MAB's point of sale system, Midas Pro, which allows advisers to obtain GI quotes without leaving the site.

Paymentshield Hires Rob Evans as CFO

Paymentshield announced that the company has hired Rob Evans as its Chief Financial Officer and tasked with working with the management team to delivering a business strategy for the company. Evans joins Paymentshield as Finance Director at insurer Westfield Health. Prior to that role he worked at Scarborough Building Society Group and Zurich.

Paymentshield Announces Unaudited Pro Forma Earnings Results for the Quarter Ended March 31, 2014

Paymentshield announced unaudited pro forma earnings results for the quarter ended March 31, 2014. For the quarter, the company reported turnover of £12,893,000 against £16,603,000 a year ago. Turnover has reduced by 22.4% (£3.7 million) due to the reducing size of the retained book. Adjusted EBITDA was £9,015,000 against £12,720,000 a year ago.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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