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Independent Broking Solutions Limited

00616849

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

1 GEORGE YARD, LONDON, EC3V 9DF
Incorporated 16/12/1958

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 22/12/2025

Due 05/01/2027

On track

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Nicholas Beresford Readings

director · Since 10/05/2004

DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 46 other boards

Mr Jonathan David Sprules

director · Since 01/06/2018

COMPLIANCE MANAGER

BRITISH · ENGLAND · Age 58

Also on 8 other boards

Mr Michael Joseph Davis

director · Since 06/12/2019

INSURANCE BROKER

IRISH · ENGLAND · Age 62

Also on 2 other boards

Lourene Lopez

secretary · Since 01/01/2026

Persons with Significant Control

Wecoya Nordics & Baltic Underwriting Gmbh

75–100% shares
75–100% votes

Am Oxer 28c, 24955 Harrislee, Schleswig-Holstein

Reg: Hrb 170197 · Handelsregister · Gmbh (Company With Limited Liability)

Notified 16/05/2025

Former PSCs

Independent Services Group Limited

Ceased 16/05/2025

Charges1 outstanding

charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 30/01/2013Registered 02/02/2013

CompanyRankvs 469+ SIC 66220 peers
60

Financial strength96th percentile among SIC peers · 24/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.03× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£1.1M

Balance sheet strength

Cash

£8.9M

Cash in the bank

Net Current Assets

£989k

Working capital

Current Assets

£33.9M

Current Liabilities

£32.9M

Debtors

£25.0M

16avg. employees-1

Tax at Year End

Corp tax£75k

Balance Sheet

Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.03+£300k
20231.03+£6k
20221.02-£54k
20211.02+£126k
20201.02+£196k
20191.03+£160k
20181.02-£20k
20171.04

Derived from filed accounts. Not audited figures.