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Integrated Specialty Coverages Ltd

13539078

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

ELEMENTAL COSEC LIMITED, LONDON, WC1N 3AX
Incorporated 30/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Matthew Grossberg

director · Since 30/07/2021

NONE

AMERICAN · UNITED STATES · Age 49

Timothy Nickel

director · Since 05/08/2021

NONE

AMERICAN · UNITED STATES · Age 47

Peter Dickel

director · Since 20/09/2023

VICE PRESIDENT ACCIDENT & HEALTH

BRITISH · UNITED KINGDOM · Age 52

Persons with Significant Control

Kkr & Co. Inc

Significant control

Suite 7500, 30 Hudson Yards, New York, 10001

Reg: 4378294 · Delaware Company Register · Corporation

Notified 30/07/2021

CompanyRankvs 5169+ SIC 66220 peers
27

Financial strength0th percentile among SIC peers · 0/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.61× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees11/15 pts

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

Liquidity6/20 pts

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

Longevity5/15 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

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

Going Concern Doubt

performed, 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 going co

Key FinancialsYear ending 31/12/2024

Turnover

£1.5M

Annual revenue

Net Worth

-£898k

Balance sheet strength

Cash

£154k

Cash in the bank

Profit Before Tax

-£88k

Bottom line earnings

Net Current Assets

-£898k

Working capital

Current Assets

£1.4M

Current Liabilities

£2.3M

Debtors

£1.3M

Cost of Sales

£1.3M

Gross Profit

£216k

Admin Expenses

£702k

Profit After Tax

-£88k

3avg. employees+3

Balance Sheet

Assets less current liabilities-£898k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.61-£133k
20230.49

Derived from filed accounts. Not audited figures.