KEY TOPCO LIMITED
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Cash
£11m
-9% lowest in 3 filed years
Net assets
-£59m
-20.3% lowest in 3 filed years
Employees
75
-31.8% lowest in 3 filed years
Profit before tax
-£9m
-186.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £36,340,000 | £40,610,000 | £33,888,000 | -16.6% | |
| Operating profit | -£2,476,000 | £7,501,000 | £1,447,000 | -80.7% | |
| Profit before tax | -£12,508,000 | -£3,146,000 | -£9,016,000 | -186.6% | |
| Net profit | -£11,072,000 | -£3,693,000 | -£9,886,000 | -167.7% | |
| Cash | £16,903,000 | £12,447,000 | £11,331,000 | -9% | |
| Total assets less current liabilities | £45,779,000 | £53,338,000 | £56,150,000 | +5.3% | |
| Net assets | -£45,071,000 | -£48,764,000 | -£58,650,000 | -20.3% | |
| Equity | -£45,071,000 | -£48,764,000 | -£58,650,000 | -20.3% | |
| Average employees | 162 | 110 | 75 | -31.8% | |
| Wages | £8,135,000 | £5,114,000 | £5,301,000 | +3.7% | |
| Directors' remuneration | £22,000 | £717,000 | £423,000 | -41% | |
| Directors' pension contributions | — | £6,000 | £4,000 | -33.3% | |
| Highest paid director | £22,000 | £717,000 | £423,000 | -41% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -6.8% | 18.5% | 4.3% | |
| Net margin | -30.5% | -9.1% | -29.2% | |
| Return on capital employed | -5.4% | 14.1% | 2.6% | |
| Gearing (liabilities / total assets) | 165.8% | 168.3% | 184.4% | |
| Current ratio | 0.96x | 1.75x | 2.74x | |
| Interest cover | -0.24x | 0.66x | 0.11x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- KEY TOPCO LIMITED · parent
- Key Midco Limited 100%
- Dayinsure.com Limited 100%
- Abacai Technologies Limited 100%
- Dayinsure Holdco Limited 100%
- Key Bidco Limited 100%
- Complete Cover Group Limited 100%
- Hyperformance Limited 100%
- Everydayinsure Limited 100%
Significant events
- “On 11 October 2024 when shareholdings in Key Claims and Administration Services Limited, Mulsanne Insurance Company Limited and Mulsanne Holdings Gibraltar Limited were disposed of to a company under common control.”
- “On 10 November 2024, Key Topco Limited purchased the remaining 49% shareholding in Abacai Technologies Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPENCER CHURCHILL, Edward Albert Charles, Lord | Director | 2020-07-21 | Aug 1974 | British |
| WARRE, Caspar Alexis Mackintosh | Director | 2025-06-26 | Aug 1974 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Anthony Dennis Martin | Director | 2012-03-22 | 2017-09-27 |
| ANDERSON, James | Director | 2013-04-24 | 2014-05-30 |
| BECKETT, Sharon Patricia | Director | 2015-05-06 | 2018-03-19 |
| BENCE, Russell James | Director | 2020-07-21 | 2021-06-30 |
| BOWN, Barry | Director | 2023-12-14 | 2025-06-26 |
| BROWN, Alan David Cumming | Director | 2020-07-21 | 2021-03-31 |
| BURTON, Paul Eric Jonathon | Director | 2014-09-02 | 2015-01-21 |
| CHIPPENDALE, Ian Hugh | Director | 2012-03-22 | 2014-06-30 |
| CLEVERLEY, David John Michael | Director | 2013-12-20 | 2015-07-21 |
| CUMMING, James Richard Hastie | Director | 2014-06-12 | 2020-05-31 |
| DARLING, Angela Margaret | Director | 2017-10-31 | 2022-04-15 |
| DELANEY, Stephen | Director | 2012-01-20 | 2014-08-14 |
| ELLIOTT, Derek James | Director | 2014-05-27 | 2018-12-13 |
| FENNER-EVANS, Ian Michael | Director | 2015-05-06 | 2017-06-16 |
| FINDLAY, Kevin William John | Director | 2016-01-01 | 2017-02-06 |
| HARLOW, David George | Director | 2012-03-22 | 2013-12-31 |
| HAY, James John | Director | 2022-04-14 | 2023-01-09 |
| HOOPER, Shaun Ian | Director | 2017-05-01 | 2022-07-14 |
| HURLEY, Martyn David | Director | 2015-05-06 | 2017-08-23 |
| KAYE, Jonathan Russell | Director | 2011-12-14 | 2014-05-27 |
| MAYNARD, Alan David | Director | 2018-05-09 | 2020-01-24 |
| MCCAULEY, Darren John | Director | 2017-10-31 | 2022-09-15 |
| MCPHERSON, Steven Robert | Director | 2012-03-22 | 2013-03-28 |
| OLIVER, David Martin | Director | 2012-07-05 | 2014-05-29 |
| PRICE, Colin Neil | Director | 2022-04-14 | 2023-01-09 |
| SUTHERLAND, Ian Ronald | Director | 2020-07-21 | 2022-09-29 |
| TABERNER, Robert John | Director | 2012-03-22 | 2014-02-28 |
| WARRE, Caspar Alexis Mackintosh | Director | 2020-07-21 | 2023-12-14 |
| WILSON, Mark Andrew | Director | 2022-04-14 | 2023-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Edward Spencer-Churchill | Individual | Shares 75–100% | 2020-01-24 | Active |
| Darwin General Partner 1 Limited | Corporate entity | Significant influence (as firm) | 2016-04-06 | Ceased 2020-01-24 |
| Darwin Private Equity Llp | Corporate entity | Voting 25–50%, Appoints directors, Significant influence (as firm) | 2016-04-06 | Ceased 2020-01-24 |
| Mr Anthony Dennis Martin Allen | Individual | Significant influence | 2016-04-06 | Ceased 2017-09-29 |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2025-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-05-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | AA | accounts | Accounts with accounts type group | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-13 | CH01 | officers | Change person director company with change date | |
| 2022-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-24 | AA | accounts | Accounts with accounts type group | |
| 2022-09-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.