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Westminster Insurance Ltd

05224391

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

SPIRARE LIMITED MEY HOUSE, POUNDBURY, DT1 3QY
Incorporated 07/09/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Gerard Daniel Francis O'Donovan

director · Since 19/09/2004

BUSINESS COACH

BRITISH · UNITED KINGDOM · Age 68

Also on 5 other boards

Gail O'Donovan

secretary · Since 05/07/2005

COLLEGE LECTURER

BRITISH

Mrs Gail O'Donovan

director · Since 01/10/2025

RECEIVER AND MANAGER

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Persons with Significant Control

Mr Gerard Daniel Francis O'Donovan

25–50% shares
25–50% votes

British · United Kingdom · Age 68

5, Allberry Gardens, Weymouth, DT3 6SQ

Notified 06/04/2016

Mrs Gail O'Donovan

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Mey House, Bridport Road, Poundbury, DT1 3QY

Notified 01/03/2018

CompanyRankvs 2250+ SIC 66220 peers
86

Financial strength94th percentile among SIC peers · 24/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 6.34× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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225Westminster Insurance Ltd
86
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.

Employees12/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£725k

Balance sheet strength

Cash

£679k

Cash in the bank

Net Current Assets

£709k

Working capital

Current Assets

£823k

Current Liabilities

£130k

Fixed Assets

£24k

Debtors

£143k

5avg. employees-1

Tax at Year End(2017)

Dividends paid-£36k

Balance Sheet

Intangible assets£9k
Assets less current liabilities£733k
Signed by 05224391 2024-04-01 2025-03-31 05224391 2025-03-31 05224391 bus:OrdinaryShareClass1 2025-03-31 05224391 core:CurrentFinaPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20256.34+£144k
20243.17+£58k
20233.35+£177k
20222.57+£33k
20213.88-£4k
20202.69+£123k
20192.24+£98k
20172.32—

Derived from filed accounts. Not audited figures.