OIC RUN-OFF LIMITED
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Cash
—
Latest balance sheet
Net assets
-£86m
USD -116,437,000
+69.5% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£178m
USD 239,660,000
+19,005% highest 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
On the basis that the Group companies will be liquidated following completion of final dividend payments to creditors, these accounts are prepared on a break up basis.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
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 | — | £0 | £0 | — | |
| Net earned premiums | — | — | — | — | |
| Claims incurred | — | £319,962 | £186,881,633 | +58,307.4% | |
| Investment return | — | £4,921,203 | £3,636,364 | -26.1% | |
| Profit before tax | -£1,280,985 | -£940,783 | £177,855,288 | +19,005% | |
| Net profit | -£1,280,985 | -£940,783 | £177,855,288 | +19,005% | |
| Insurance contract liabilities | — | £4,485,833 | £4,356,957 | -2.9% | |
| Total assets | £94,949,796 | £93,580,070 | £49,721,707 | -46.9% | |
| Total liabilities | — | £377,006,527 | £136,131,354 | -63.9% | |
| Equity | — | — | — | — | |
| Average employees | 0 | 0 | 0 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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) | — | 402.9% | 273.8% |
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 1 time since incorporation
- OIC RUN-OFF LIMITED 1998-03-30 → present
- ORION INSURANCE COMPANY P L C(THE) 1931-04-30 → 1998-03-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Blick Rothenburg Audit LLP
- Audit opinion
- Qualified
- Going concern
- Not a going concern (break-up basis)
“On the basis that the Group companies will be liquidated following completion of final dividend payments to creditors, these accounts are prepared on a break up basis.”
Group structure
- OIC RUN-OFF LIMITED · parent
- The London and Overseas Insurance Company Limited 89.9%
Significant events
- “An Early Final Dividend Offer ("EFDO") was proposed by the Group during the year to facilitate an earlier final distribution... A Notice of Effect was issued on 9 December 2025, making the EFDO binding on all eligible creditors who accepted it.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHWARZMANN, Dan Yoram | Secretary | 2002-09-01 | — | British |
| RACKHAM, Douglas Nigel | Director | 2022-08-22 | Jun 1962 | British |
| SCHWARZMANN, Dan Yoram | Director | 2001-11-28 | Jul 1963 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRAZIER, David Alfred William | Secretary | — | 1996-04-30 |
| CHRISTIE, Malcolm Bell | Secretary | 1996-05-01 | 1997-10-28 |
| HOPKIN, Duncan James | Secretary | — | 1993-06-21 |
| KELLY, Simon Joe | Secretary | 1997-10-28 | 2002-09-01 |
| ANDRINGA, Syste Adriaan | Director | 1993-04-28 | 1993-11-09 |
| BIRD, Colin Graham | Director | 1997-03-10 | 2001-11-30 |
| BRUNA, Sergio Eugenio | Director | 1993-11-09 | 1995-12-31 |
| ERNSTE, Derk | Director | — | 1993-04-28 |
| EVANS, Paul Anthony Brereton | Director | 1997-03-10 | 2023-09-07 |
| HITCHINS, Mark Vernon | Director | 1995-09-05 | 1996-11-01 |
| HOLSBOER, Jan Hendrik | Director | — | 1993-11-09 |
| HUIZINGA, Herman | Director | — | 1993-11-09 |
| LLEWELLYN, Bryan | Director | — | 1992-09-30 |
| MASNEY, Thomas Peter | Director | 1996-11-01 | 1997-03-10 |
| MCQUEEN, Anthony Robert | Director | 1996-02-23 | 1997-03-10 |
| PEEL, Stuart Harvey | Director | — | 1993-08-18 |
| SMITH, Norman Henry | Director | — | 1992-09-30 |
| STORMONTH DARLING, Peter | Director | — | 1992-09-30 |
| VAN KOERT, Albert Lijkles | Director | — | 1995-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nationale-Nederlanden Overseas Finance And Investment Company | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 191 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type group | |
| 2026-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type group | |
| 2025-06-12 | OC | miscellaneous | Court order | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-07 | AA | accounts | Accounts with accounts type group | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-15 | AA | accounts | Accounts with accounts type group | |
| 2023-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-07 | AAMD | accounts | Accounts amended with accounts type group | |
| 2023-02-03 | AA | accounts | Accounts with accounts type group | |
| 2022-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-11 | AA | accounts | Accounts with accounts type group | |
| 2021-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-18 | AA | accounts | Accounts with accounts type group | |
| 2020-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-21 | AD01 | address | Change registered office address company with date old address new address |
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.