BAI (RUN-OFF) LTD
Formerly known as The Builders Accident Insurance Limited, the entity operates as a non-life insurance business in run-off.
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Cash
—
Latest balance sheet
Net assets
-£545k
-3.4% vs 2024
Employees
3
0% vs 2024
Profit before tax
-£18k
-286.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The Company is not a going concern and the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.
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Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | — | — | — | |
| Net earned premiums | — | — | — | — | |
| Claims incurred | -£3,336,000 | -£18,061 | £16,851 | +193.3% | |
| Investment return | £1,935,000 | -£3,643 | £2,705 | +174.3% | |
| Profit before tax | £1,540,000 | £9,632 | -£17,987 | -286.7% | |
| Net profit | £1,540,000 | £9,632 | -£17,987 | -286.7% | |
| Insurance contract liabilities | £674,400,000 | £586,060 | £602,920 | +2.9% | |
| Total assets | £67,307,000 | £60,057 | £58,684 | -2.3% | |
| Total liabilities | £603,806,000 | £586,924 | £603,538 | +2.8% | |
| Equity | — | — | — | — | |
| Average employees | 3 | 3 | 3 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 897.1% | 977.3% | 1028.5% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- BAI (RUN-OFF) LTD 1995-09-05 → present
- BUILDERS ACCIDENT INSURANCE LIMITED (THE) 1977-12-31 → 1995-09-05
- BUILDERS' ACCIDENT LIMITED(THE) 1881-04-12 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Company is not a going concern and the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Company's subsidiary BAI Claims Services Limited was dissolved on 7 June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOODWIN, John Arthur, Mr. | Secretary | 1994-12-01 | — | British |
| BRAY, Gary Ronald | Director | 2023-09-14 | Jan 1961 | British |
| GOODWIN, John Arthur, Mr. | Director | 1995-08-17 | Jul 1943 | British |
| WHITE, Keith Hamilton | Director | 1993-06-17 | Aug 1944 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARTWELL, David | Secretary | — | 1994-11-30 |
| BECK, Clive | Director | — | 2000-04-03 |
| BISSET, Thomas Melville, Mister | Director | — | 1995-08-17 |
| BOUCHER, Thomas Frederick Knowles | Director | — | 1998-09-14 |
| CLIFTON, Brian Francis | Director | — | 1993-08-31 |
| COWAN, Ralph | Director | — | 1995-08-17 |
| DOUBLE, David Charles, Mr. | Director | 2009-12-16 | 2013-07-31 |
| TRIBE, Edward Stanley Dunlop | Director | — | 2009-12-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-21 | AA | accounts | Accounts with accounts type full | |
| 2025-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-02 | AA | accounts | Accounts with accounts type full | |
| 2020-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-30 | AA | accounts | Accounts with accounts type full | |
| 2019-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-11-28 | AA | accounts | Accounts with accounts type full | |
| 2018-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-12-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.