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Simple Insurance Solutions Ltd

08729272

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

IHK HOUSE, MANCHESTER, M12 5FL
Incorporated 11/10/2013

Compliance

Last accounts

31/10/2024

unaudited abridged

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 18/03/2026

Due 01/04/2027

On track

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Imtiaz Hussain

director · Since 14/10/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 8 other boards

Mr Syed Nabil Kazmi

director · Since 18/03/2022

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 32

Also on 14 other boards

Persons with Significant Control

Mr Imtiaz Hussain

25–50% shares
25–50% votes
Appoint directors

British · England · Age 60

Ihk House, 519-523 Hyde Road, Manchester, M12 5FL

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 03/11/2020Registered 19/11/2020

CompanyRankvs 784+ SIC 66220 peers
68

Financial strength97th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.5× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding 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.

Longevity13/15 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

£1.4M

Balance sheet strength

Cash

£36k

Cash in the bank

Net Current Assets

£517k

Working capital

Current Assets

£1.6M

Current Liabilities

£1.0M

Fixed Assets

£1.1M

Debtors

£1.5M

15avg. employees

Balance Sheet

Intangible assets£784k
Assets less current liabilities£1.6M
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20241.50+£178k
20231.31+£171k
20221.17+£134k
20211.72+£837k
20202.91+£51k
20192.54+£15k
20181.82

Derived from filed accounts. Not audited figures.