Candid Insurance Services Ltd
07279489
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 05/06/2026
Due 19/06/2027
Industry
Officers
director · Since 05/01/2021
CHIEF EXECUTIVE
BRITISH · WALES · Age 37
Also on 3 other boards
Persons with Significant Control
Clark Holding Se
17-19, Wilhelm-Leuschner-Str, Frankfurt A. Main, 60329
Reg: Hrb 239329 B · Amtsgericht Charlottenburg (Berlin) · Plc
Notified 25/03/2022
Former PSCs
Finanzen.De Ag
Ceased 12/06/2018
Mr Greg Evan Lindberg
Ceased 24/07/2019
Allianz Se
Ceased 25/03/2022
Charges2 outstanding
ELDRIDGE CORPORATE FUNDING, LLC AS THE SECURITY AGENT
ELDRIDGE CORPORATE FUNDING, LLC (AS SECURITY AGENT)
ARES MANAGEMENT LIMITED AS SECURITY TRUSTEE
CompanyRankvs 13304+ SIC 64999 peers31
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 going co
Key FinancialsYear ending 31/12/2024
Net Worth
-£6.6M
Balance sheet strength
Cash
£972k
Cash in the bank
Net Current Assets
-£1.9M
Working capital
Current Assets
£4.8M
Current Liabilities
£6.7M
Fixed Assets
£2.8M
Debtors
£3.8M
Profit After Tax
-£6.0M
Tax at Year End(2020)
People Costs(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.71 | -£6.1M |
| 2023 | 1.17 | -£5.7M |
| 2022 | 3.01 | -£699k |
| 2021 | 3.05 | +£1.6M |
| 2020 | 2.51 | +£1.6M |
| 2019 | 0.87 | +£2.1M |
| 2018 | 0.28 | — |
Derived from filed accounts. Not audited figures.