September 16, 2014 12:50 PM 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 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.

Paymentshield Limited Appoints Lee Gladwell as Interim Proposition Director

Lee Gladwell has been appointed interim proposition director at Paymentshield. Gladwell will have responsibility for product, marketing and e-commerce functions in this new role and will report directly to Paymentshield chief executive Tim Johnson. Gladwell left Platform, the intermediary lender of the Co-operative Group, in and had joined Towergate as a consultant by.

Towergate To Sell Paymentshield

Towergate Partnership Limited is seeking to sell Paymentshield Limited for up to £400 million in order to make a way for a possible stock market float. Paymentshield Limited. Towergate has also appointed Morgan Stanley to find a buyer for Paymentshield with potential buyers thought to include private equity investors. A spokeswoman for Towergate told Citywire that it would not comment on market speculation.

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Recent Private Companies Transactions

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