FINANCIAL & LEGAL INSURANCE COMPANY LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£10M
+47.1% vs 2023
Employees
35
0% vs 2023
Profit before tax
£6M
+157% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gross written premiums | £34,005,385 | £40,212,873 | |
| Net earned premiums | £46,624,867 | £29,286,450 | |
| Claims incurred | £5,705,060 | £10,471,989 | |
| Investment return | £857,148 | £1,865,559 | |
| Profit before tax | £2,213,804 | £5,689,930 | |
| Net profit | £1,722,090 | £4,124,319 | |
| Insurance contract liabilities | £32,367,174 | £51,630,160 | |
| Total assets | £47,137,187 | £74,462,183 | |
| Total liabilities | £40,184,434 | £64,235,111 | |
| Equity | £6,952,753 | £10,227,072 | |
| Average employees | 35 | 35 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Gross written premiums
+18.3%
£34,005,385 £40,212,873
-
Net earned premiums
-37.2%
£46,624,867 £29,286,450
-
Profit before tax
+157%
£2,213,804 £5,689,930
-
Equity
+47.1%
£6,952,753 £10,227,072
-
Claims incurred
+83.6%
£5,705,060 £10,471,989
-
Insurance contract liabilities
+59.5%
£32,367,174 £51,630,160
-
Investment return
+117.6%
£857,148 £1,865,559
-
Employees
0%
35 35
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 85.2% | 86.3% |
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
- FINANCIAL & LEGAL INSURANCE COMPANY LTD 2005-12-23 → present
- MAGNUS INSURANCE COMPANY LIMITED 1995-03-17 → 2005-12-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements.”
Significant events
- “In February 2024, the Company was contacted by the FCA regarding its sales of GAP insurance, leading to a brief suspension of sales before recommencing via direct distribution channels in May 2024.”
- “Up until May 2024, the Company's IT network was managed by an external third party who experienced a cyber-attack in November 2023. A full migration of services to Microsoft Azure was completed in May 2024.”
- “The outcome of a Supreme Court three day hearing held in April 2025, due to be handed down in August 2025, may impact the profitability of a significant element of the upfront ATE book, with most cases stayed pending judgment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GARNER, Serena Angela | Secretary | 2014-04-01 | — | — |
| BEALES, Karen Anne | Director | 2021-04-01 | Mar 1968 | British |
| DANIELS, Jonathan Scott | Director | 2023-08-01 | Jul 1975 | British |
| GARNER, Nicholas David | Director | 2006-01-01 | Sep 1978 | English |
| HUGHES, Anthony Scott | Director | 2015-07-01 | Dec 1967 | British |
| PARKES, Elaine Valerie | Director | 2024-09-01 | Mar 1966 | British |
| POPE, Anthony James | Director | 2020-09-01 | Mar 1971 | British |
| ROSS, David Anthony | Director | 2021-03-01 | Jul 1963 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GARNER, Nicholas David | Secretary | 2006-01-01 | 2014-04-01 |
| GARNER, Susan Mary | Secretary | 1995-03-17 | 2006-01-01 |
| BALDWIN, Susan Margaret | Director | 2016-06-01 | 2020-08-31 |
| BLAIN, Natalie Jane | Director | 2009-07-01 | 2011-02-16 |
| COOKSON, Peter John | Director | 2011-02-22 | 2015-07-31 |
| DAVIES, Philip Hulme | Director | 1995-03-17 | 2005-04-30 |
| GARNER, David | Director | 1995-03-17 | 2015-12-22 |
| GARNER, Susan Mary | Director | 1995-03-17 | 2007-01-01 |
| GIBSON, Colin John | Director | 2019-05-13 | 2026-04-30 |
| HOBIN, Pauline | Director | 2011-02-16 | 2013-03-31 |
| HOBIN, Pauline | Director | 1999-01-28 | 2009-01-01 |
| HORAN, Martin | Director | 2008-04-01 | 2009-11-16 |
| KNIGHTON, Pamela | Director | 1995-03-17 | 1998-11-23 |
| LARWOOD, David Ronald | Director | 1995-03-17 | 2001-06-30 |
| THAKRAR, Deven | Director | 2019-05-13 | 2022-05-31 |
| TIMMONS, Michael Francis | Director | 2013-04-01 | 2020-03-27 |
| WARBURTON, Mark Charles | Director | 2005-07-01 | 2007-08-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nicholas David Garner | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-12 RESOLUTIONS Resolution
- 2023-05-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-06 | CH01 | officers | Change person director company with change date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-01 | SH06 | capital | Capital cancellation shares | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-17 | SH01 | capital | Capital allotment shares | |
| 2023-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-12 | MA | incorporation | Memorandum articles | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-06-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 1
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.