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Principal Insurance Limited

07623634

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

CITYGATE 2, SALE, M33 7JR
Incorporated 05/05/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Mr David Edward Bowcock

director · Since 08/06/2011

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 7 other boards

Sharron Michelle Titterington

secretary · Since 04/06/2019

Also on 3 other boards

Mr Marcin Musial

director · Since 01/12/2022

FINANCE DIRECTOR

POLISH,BRITISH · ENGLAND · Age 49

Also on 5 other boards

Sharron Michelle Titterington

director · Since 01/01/2026

BRITISH · UNITED KINGDOM · Age 49

Also on 3 other boards

Persons with Significant Control

Principal Group Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Citygate 2, Cross Street, Sale, M33 7JR

Reg: 09555224 · Companies House · Ltd

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY) (COMPANY NUMBER SC001111)

Created 04/09/2025Registered 18/09/2025
Charge
satisfied

GEOFFREY WILLIAM SQUIRE

Created 03/09/2020Registered 04/09/2020Satisfied 31/07/2021
Charge
outstanding

GEOFFREY WILLIAM SQUIRE (AS SECURITY TRUSTEE)

Created 27/11/2018Registered 29/11/2018
Charge
satisfied

CLYDESDALE BANK PLC (TRADING AS CLYDESDALE BANK AND YORKSHIRE BANK)

Created 16/12/2014Registered 19/12/2014Satisfied 23/01/2019

CompanyRankvs 19+ SIC 66220 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.03× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

£3.0M

Balance sheet strength

Cash

£2.2M

Cash in the bank

Net Current Assets

£2.9M

Working capital

Current Assets

£5.8M

Current Liabilities

£2.9M

Fixed Assets

£8k

Debtors

£3.6M

66avg. employees+3

Tax at Year End(2022)

Corp tax£2k

Balance Sheet

Intangible assets£517
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20242.03+£697k
2023—+£725k
2022—+£186k
20211.62-£1.5M
20200.89+£2.1M
20191.12+£1.6M
20180.68—

Derived from filed accounts. Not audited figures.