SBS INSURANCE SERVICES LIMITED
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Cash
£456k
-8.6% lowest in 3 filed years
Net assets
£1.6m
-3.6% lowest in 3 filed years
Employees
94
+1.1% vs 2025
Profit before tax
£812k
+104.9% vs 2025
Watch the reel
Our short-form breakdown of SBS INSURANCE SERVICES LIMITED's latest filing
Claims outsourcer SBS grew turnover 21% to £51.6m — and by keeping costs flat, operating profit nearly doubled. 📈
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 | 2026-04-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £47,623,638 | £42,532,787 | £51,647,185 | +21.4% | |
| Operating profit | £1,710,487 | £419,527 | £811,352 | +93.4% | |
| Profit before tax | £1,710,487 | £396,159 | £811,722 | +104.9% | |
| Net profit | £1,329,169 | £255,381 | £589,085 | +130.7% | |
| Cash | £1,247,861 | £498,233 | £455,581 | -8.6% | |
| Total assets less current liabilities | £2,003,640 | £1,734,928 | £1,662,318 | -4.2% | |
| Net assets | £1,969,865 | £1,705,246 | £1,644,331 | -3.6% | |
| Equity | £1,969,865 | £1,705,246 | £1,644,331 | -3.6% | |
| Average employees | 102 | 93 | 94 | +1.1% | |
| Wages | £3,845,445 | £4,065,743 | £3,942,649 | -3% | |
| Directors' remuneration | £572,093 | £611,596 | £625,458 | +2.3% | |
| Highest paid director | £165,346 | £170,484 | £165,567 | -2.9% |
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 | 2024-04-30 | 2025-04-30 | 2026-04-30 |
|---|---|---|---|---|
| Operating margin | 3.6% | 1.0% | 1.6% | |
| Net margin | 2.8% | 0.6% | 1.1% | |
| Return on capital employed | 85.4% | 24.2% | 48.8% | |
| Gearing (liabilities / total assets) | 70.4% | 68.2% | 72.3% | |
| Current ratio | 1.10x | 1.07x | 1.13x | |
| Interest cover | — | 14.24x | — |
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.
Name history
Renamed 1 time since incorporation
- SBS INSURANCE SERVICES LIMITED 2000-07-25 → present
- LAMINWARD LIMITED 2000-05-05 → 2000-07-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Johnson Smith & Co Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors acknowledge the Financial Reporting Council's Going Concern Guidelines and believe that the Group is well placed to manage its business risks successfully. Having reviewed the initial financial scenario planning for the year 2026/27 and beyond that has been carried out, the directors are satisfied that, at the time of approving the financial statements, there is not a material uncertainty that may cast significant doubt upon the Group's ability to continue as a going concern, and so it is appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- SBS INSURANCE SERVICES LIMITED · parent
- Direct Lawn and Garden Limited 100%
- React Insurance Services Ltd 100%
Significant events
- “On 5 May 2026, the group's subsidiary, Direct Lawn and Garden Limited, was voluntarily struck off and dissolved. As the investment and associated goodwill were fully impaired to £nil prior to 30 April 2026, there is no material impact on the consolidated financial position or results of the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLEVER MANAGEMENT SOLUTIONS LIMITED | Corporate Secretary | 2010-02-11 | — | — |
| CROWLEY, Sean | Director | 2013-10-01 | Apr 1962 | Irish |
| DAVIES, Oliver | Director | 2023-07-01 | May 1993 | British |
| FAIRBRASS, Paul | Director | 2011-04-19 | May 1968 | British |
| REES, Tracey Jayne | Director | 2000-07-13 | Jun 1974 | British |
| RUSHALL, Richard Anthony | Director | 2023-01-01 | Feb 1974 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROWLEY, Sean | Secretary | 2000-07-13 | 2000-10-12 |
| CORNHILL SERVICES LIMITED | Corporate Secretary | 2004-11-15 | 2010-01-18 |
| WATERLOW REGISTRARS LIMITED | Corporate Secretary | 2000-10-12 | 2004-11-15 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-05-05 | 2000-07-13 |
| BIBIKOFF, Olga | Director | 2002-09-11 | 2015-01-31 |
| CABLE, Alan Ronald Oliver | Director | 2005-02-21 | 2011-02-23 |
| CROWLEY, Sean | Director | 2000-07-13 | 2000-10-02 |
| JACKSIC, Drazen | Director | 2011-02-01 | 2012-05-14 |
| MURPHY, Timothy Atilano | Director | 2010-04-01 | 2013-11-19 |
| O'CONNOR, David John | Director | 2005-03-16 | 2007-10-01 |
| PARKES, Anthony James | Director | 2013-09-01 | 2017-02-28 |
| WINTER, Simon | Director | 2012-05-28 | 2013-08-30 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2000-05-05 | 2000-07-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sean Crowley | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 114 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-25 | AA | accounts | Accounts with accounts type group | |
| 2026-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-19 | AA | accounts | Accounts with accounts type group | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-26 | AA | accounts | Accounts with accounts type group | |
| 2023-08-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-26 | AA | accounts | Accounts with accounts type group | |
| 2022-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-11 | AA | accounts | Accounts with accounts type group | |
| 2021-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-09-14 | AA | accounts | Accounts with accounts type group | |
| 2020-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-22 | AA | accounts | Accounts with accounts type group | |
| 2019-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-03-07 | CH01 | officers | Change person director company with change date |
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.