LANCASHIRE INSURANCE SERVICES LIMITED
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Cash
£30m
USD 40,744,000
+14% highest in 3 filed years
Net assets
£18m
USD 23,870,000
+0.6% highest in 3 filed years
Employees
344
+4.2% highest in 3 filed years
Profit before tax
£615k
USD 827,000
-82.3% first positive since 2023
Watch the reel
Our short-form breakdown of LANCASHIRE INSURANCE SERVICES LIMITED's latest filing
Lancashire Insurance Services just filed its 2025 accounts. A classic captive service setup where revenue simply tracks the cost of keeping the lights on. 🏢📊
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 |
|---|---|---|---|---|---|
| Turnover | £98,449,647 | £116,237,830 | £138,793,757 | +19.4% | |
| Operating profit | — | £2,894,835 | -£3,886,288 | -234.2% | |
| Profit before tax | -£727,611 | £3,474,545 | £614,641 | -82.3% | |
| Net profit | -£594,575 | £2,026,013 | -£129,320 | -106.4% | |
| Cash | £3,789,669 | £26,570,792 | £30,281,680 | +14% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £15,050,167 | £17,635,080 | — | — | |
| Equity | £15,050,167 | £17,635,080 | £17,740,617 | +0.6% | |
| Average employees | 292 | 330 | 344 | +4.2% | |
| Wages | £65,196,581 | £71,492,382 | £81,573,393 | +14.1% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 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 |
|---|---|---|---|---|
| Operating margin | — | 2.5% | -2.8% | |
| Net margin | -0.6% | 1.7% | -0.1% | |
| Gearing (liabilities / total assets) | 75.9% | 77.2% | — | |
| Current ratio | 0.80x | 0.82x | 0.96x | |
| Interest cover | — | 3.27x | -4.41x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors having reviewed the detailed risk disclosures in note 1 and the going concern section within the accounting policies on page 13 have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due. Accordingly, the Board has adopted and continues to consider appropriate the going concern basis in preparing the financial statements.”
Significant events
- “an impairment expense of $10,300,000 recognised on intangible assets during the year.”
- “foreign exchange losses of $3,549,000 (2024: gains of $1,663,000).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BYRNE, Louise Ann | Secretary | 2021-02-05 | — | — |
| BAMBURY, Michael David | Director | 2016-10-18 | Jan 1973 | British |
| CADMAN, John William | Director | 2019-04-26 | Nov 1965 | British |
| CASS, Bradley | Director | 2019-04-26 | Feb 1973 | British |
| KENNEDY, Robert William | Director | 2025-10-01 | Jun 1972 | British |
| THOMAS, Matthew | Director | 2026-02-27 | Nov 1980 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAMBURY, Michael David | Secretary | 2013-05-01 | 2021-02-05 |
| CONNOR, Michael Sean | Secretary | 2007-04-23 | 2013-05-01 |
| LEBOEUF LAMB CORPORATE SERVICES LIMITED | Corporate Secretary | 2006-03-17 | 2007-04-23 |
| BRINDLE, Richard David Henry | Director | 2006-04-12 | 2008-02-01 |
| BUGLER, Nicholas John Roland | Director | 2006-03-17 | 2006-04-12 |
| CONNOR, Michael Sean | Director | 2011-02-08 | 2016-10-19 |
| FLUDE, James Edward | Director | 2020-04-24 | 2024-10-30 |
| GREGORY, Paul | Director | 2014-07-03 | 2019-02-08 |
| JOHNSTON, Hayley | Director | 2019-04-26 | 2020-04-01 |
| KENNEDY, Robert William | Director | 2013-05-01 | 2025-10-01 |
| MALONEY, Alexander Terence | Director | 2006-04-12 | 2011-02-08 |
| MCCONACHIE, Neil | Director | 2006-04-12 | 2007-10-02 |
| PORTER, Paula Lilian Rose | Director | 2006-04-12 | 2012-08-31 |
| SABBARTON, Rachel Louise | Director | 2024-10-30 | 2026-02-27 |
| WOOLLEY, Emma Louise | Director | 2018-08-29 | 2019-04-26 |
| WORSLEY, Russell | Director | 2007-10-03 | 2025-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lancashire Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | AA | accounts | Accounts with accounts type full | |
| 2026-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-10 | AA | accounts | Accounts with accounts type full | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-24 | AA | accounts | Accounts with accounts type full | |
| 2022-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-10 | AA | accounts | Accounts with accounts type full | |
| 2021-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-18 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.