PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED

• ◆

  12 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  +0.3%

  £384,000,000 → £385,000,000

• Cash

  -26.7%

  £382,000,000 → £280,000,000

• Net assets

  -25.5%

  £212,000,000 → £158,000,000

• Employees

  —

  Not reported

• Operating profit

  -172.3%

  £65,000,000 → -£47,000,000

• Profit before tax

  -286.8%

  £38,000,000 → -£71,000,000

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. PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED 2005-07-20 → present
2. INHOCO 4103 LIMITED 2005-05-26 → 2005-07-20

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors performed this assessment, as set out in note 1.1 to the financial statements, and confirm that it is appropriate to prepare the financial statements on a going concern basis. On 19 September 2025, Just Group plc, the Company's ultimate parent, announced shareholder approval of a recommended cash offer by BWS. Completion of the transaction is expected in the first half of 2026, subject to regulatory approval and other customary conditions. The Board has considered the potential impact on the proposed acquisition on governance and control arrangements and will ensure readiness plans remain appropriate for the post-transaction structure. There is no expected adverse impact on the Company's ability to continue as a going concern.”

Group structure

1. PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED · parent
   1. PLACL RE 1 Limited 100% · England & Wales · Investment activity
   2. PLACL RE 2 Limited 100% · England & Wales · Dormant
   3. PASPV Limited 100% · England & Wales · Dormant

Significant events

• “In October 2025, the Company repaid a £100m loan to its ultimate parent company Just Group plc.”
• “In November 2025, PLACL completed an arm's length sale and transfer of two LTM portfolios (including origination costs) to its sister company, Just Retirement Limited.”
• “From 30 September 2024, the Company received permission to calculate its solvency capital requirement using an Internal Model.”
• “As part of PRA approval to move from Standard Formula to Internal Model, the Company entered into transactions with its subsidiary PLACL Re 1 Limited in respect of the sale of financial assets in exchange for the issue of notes as described in note 9(f).”
• “In April 2024, the Company repaid a £50m loan to its ultimate parent company Just Group plc.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

7

last 12 months

Officers resigned

12

last 12 months

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