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Reidbar Insurance Brokers Limited

14625166

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

THORNELOE HOUSE, WORCESTER, WR1 1RU
Incorporated 30/01/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Geoffrey Barber

director · Since 30/01/2023

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 1 other board

Miss Heather Louise Reid

director · Since 01/11/2024

DIRECTOR

BRITISH · WALES · Age 53

Also on 1 other board

Persons with Significant Control

Mr Geoffrey Barber

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

British · England · Age 70

Thorneloe House, 25 Barbourne Road, Worcester, WR1 1RU

Notified 30/01/2023

Miss Heather Louise Reid

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

British · Wales · Age 53

Thorneloe House, 25 Barbourne Road, Worcester, WR1 1RU

Notified 01/11/2024

Former PSCs

Slt Risk Solutions Ltd

Ceased 01/11/2024

CompanyRankvs 2888+ SIC 66220 peers
60

Financial strength73th percentile among SIC peers · 18/25
Employees54th percentile among SIC peers · 8/15
LiquidityCurrent ratio 1.79× · 16/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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2888Reidbar Insurance Brokers Limited
56
How is this score calculated?
Financial strength18/25 pts

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

Employees8/15 pts

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

Liquidity16/20 pts

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

Longevity3/15 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 31/10/2024

Net Worth

£61k

Balance sheet strength

Cash

£101k

Cash in the bank

Net Current Assets

£59k

Working capital

Current Assets

£133k

Current Liabilities

£74k

Fixed Assets

£3k

Debtors

£31k

2avg. employees+2

Balance Sheet

Assets less current liabilities£61k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.79+£4k
20243.64—

Derived from filed accounts. Not audited figures.