BIMEH IRAN INSURANCE COMPANY (U.K.) LIMITED

• ⚠

  Material uncertainty over going concern

  However, as access to funds is dependent on obtaining regulatory approvals which are outside the direct control of the Company, this indicates the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Gross written premiums

  —

  Not reported

• Net earned premiums

  —

  Not reported

• Profit before tax

  -32.4%

  -£165,184 → -£218,654

• Equity

  -0.9%

  £23,495,661 → £23,277,007

• Claims incurred

  -72.3%

  £3,850 → £1,065

• Insurance contract liabilities

  -1.7%

  £1,555,216 → £1,528,089

• Investment return

  -73.1%

  £394,181 → £105,855

• Employees

  0%

  3 → 3

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. 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.

1. BIMEH IRAN INSURANCE COMPANY (U.K.) LIMITED 1977-12-31 → present
2. BIMEH IRAN INSURANCE COMPANY LIMITED 1975-08-18 → 1977-12-31

Accounting basis

FRS 102

Auditor

Zenith Audit Ltd

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, as access to funds is dependent on obtaining regulatory approvals which are outside the direct control of the Company, this indicates the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.”

Significant events

• “The Company ceased underwriting on 19 November 2002 and is now in solvent run-off.”
• “The Company is currently not able to do so due to the imposed Iranian sanctions.”
• “During the year the Company has assessed its outstanding loss reserve by reviewing the list of outstanding claims and seeking to establish contact with relevant brokers and cedants. This has resulted in continuing difficulties in establishing contact with relevant parties due to the current UK sanctions regime.”
• “Mr K Hughes, director of the Company resigned on 31 March 2025.”
• “The company will not earn any interest income in the future years due to the sanctions imposed in September 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.