COBALT UNDERWRITING SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-21 (in 10mo)
Last made up 2026-03-07
Watchouts
Cash
£29K
+105.8% vs 2023
Net assets
£16K
-93.7% lowest in 4 filed years
Employees
0
Average over period
Profit before tax
-£224K
-642.8% lowest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company has made an impairment provision against a loan of £291,793 due from its immediate parent, Cobalt Insurance Holdings Limited, which leaves the company with net assets of £16,276. These conditions indicate a material uncertainty that may cast doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Financials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £70,760 | £59,616 | — | £40,114 | £82,289 | |
| Operating profit | — | — | — | — | — | £41,214 | -£223,691 | |
| Profit before tax | — | — | -£318 | £23,635 | £86,894 | £41,214 | -£223,712 | |
| Net profit | — | — | -£318 | £21,531 | £70,384 | £31,520 | -£240,712 | |
| Cash | — | — | £39,789 | £19,007 | £42,965 | £13,879 | £28,561 | |
| Total assets less current liabilities | — | — | — | £155,084 | £225,468 | £256,988 | £16,276 | |
| Net assets | — | — | — | — | — | £256,988 | £16,276 | |
| Equity | £146,116 | £133,871 | £133,553 | £155,084 | £225,468 | £256,988 | £16,276 | |
| Average employees | — | — | 0 | 0 | 0 | 0 | 0 | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
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
-
Turnover
+105.1%
£40,114 £82,289
highest in 4 filed years
-
Cash
+105.8%
£13,879 £28,561
-
Net assets
-93.7%
£256,988 £16,276
-
Employees
—
Not reported
-
Operating profit
-642.8%
£41,214 -£223,691
-
Profit before tax
-642.8%
£41,214 -£223,712
lowest in 5 filed years
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 102.7% | — | |
| Net margin | — | — | -0.4% | 36.1% | — | 78.6% | — | |
| Return on capital employed | — | — | — | — | — | 16.0% | -1374.4% | |
| Current ratio | — | — | — | — | — | 13.88x | 2.23x | |
| Interest cover | — | — | — | — | — | — | -10651.95x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- COBALT UNDERWRITING SERVICES LIMITED 2013-04-30 → present
- COBALT 456 LIMITED 2012-03-07 → 2013-04-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Begbies
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company has made an impairment provision against a loan of £291,793 due from its immediate parent, Cobalt Insurance Holdings Limited, which leaves the company with net assets of £16,276. These conditions indicate a material uncertainty that may cast doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Company made an impairment provision against a loan of £291,793 due from its immediate parent, Cobalt Insurance Holdings Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DALTON, Sean James | Director | 2024-01-01 | Sep 1965 | British |
| WILLIAMS, John Caldicott | Director | 2020-01-22 | Apr 1958 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTLER-GALLIE, Stuart | Secretary | 2012-11-07 | 2021-04-15 |
| BAGSHAWE, James Richard | Director | 2012-03-07 | 2018-07-11 |
| BISHOP, Richard Geoffrey | Director | 2012-11-07 | 2017-06-04 |
| CROWTHER, Stephen Joseph | Director | 2013-09-01 | 2015-04-07 |
| DALTON, Sean James | Director | 2016-01-21 | 2020-01-22 |
| MORRIS, Keith William | Director | 2013-09-01 | 2015-12-21 |
| PLUMB, Anne Elizabeth | Director | 2018-12-05 | 2024-09-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trebuchet Secure Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-08 | Active |
| Cobalt Insurance Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2026-01-08 |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | CH01 | officers | Change person director company with change date | |
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | CH01 | officers | Change person director company with change date | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-20 | AA | accounts | Accounts with accounts type full | |
| 2024-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-13 | AD04 | address | Move registers to registered office company with new address | |
| 2022-06-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-13 | AD02 | address | Change sail address company with old address new address | |
| 2022-05-30 | AA | accounts | Accounts with accounts type full | |
| 2022-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-22 | AA | accounts | Accounts with accounts type full | |
| 2021-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.