COBALT UNDERWRITING SERVICES LIMITED

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  Material uncertainty over going concern

  These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. The company's parent until 8 January 2026 was Cobalt Insurance Holdings Limited which entered into liquidation on 17 February 2026. Impairment provisions have been made against loans totalling £333,793 due from Cobalt Insurance Holdings Limited. The company is dependent upon the financial resources of Trebuchet Secure Group Limited and has a letter of support covering the 12 months from the date of approval of these financial statements.

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  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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  Going-concern uncertainty disclosed

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

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.

1. COBALT UNDERWRITING SERVICES LIMITED 2013-04-30 → present
2. COBALT 456 LIMITED 2012-03-07 → 2013-04-30

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Begbies

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. The company's parent until 8 January 2026 was Cobalt Insurance Holdings Limited which entered into liquidation on 17 February 2026. Impairment provisions have been made against loans totalling £333,793 due from Cobalt Insurance Holdings Limited. The company is dependent upon the financial resources of Trebuchet Secure Group Limited and has a letter of support covering the 12 months from the date of approval of these financial statements.”

Significant events

• “The company's parent until 8 January 2026 was Cobalt Insurance Holdings Limited which entered into liquidation on 17 February 2026. Impairment provisions have been made against loans totalling £333,793 due from Cobalt Insurance Holdings Limited.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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