OTAK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
Cash
—
Latest balance sheet
Net assets
£8M
-16.7% vs 2023
Employees
—
Average over period
Profit before tax
-£2M
-193.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As at 31 December 2024, the Company had net assets of £7,924,411 (2023: £9,511,771). It is the Director's intention to liquidate the Company as soon as is practical to do so and therefore the accounts have been prepared on a basis other than going concern.
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£529,773 | -£1,554,832 | |
| Net profit | £1,128,946 | -£1,587,360 | |
| Cash | — | — | |
| Total assets less current liabilities | £9,511,771 | £7,956,939 | |
| Net assets | £9,511,771 | £7,924,411 | |
| Equity | £9,511,771 | £7,924,411 | |
| Average employees | — | — | |
| 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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-16.7%
£9,511,771 £7,924,411
-
Employees
—
Not reported
-
Profit before tax
-193.5%
-£529,773 -£1,554,832
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 15.1% | 17.9% | |
| Current ratio | 5.51x | 5.51x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As at 31 December 2024, the Company had net assets of £7,924,411 (2023: £9,511,771). It is the Director's intention to liquidate the Company as soon as is practical to do so and therefore the accounts have been prepared on a basis other than going concern.”
Significant events
- “On 11 April 2025 an amended Senior Facilities Agreement was signed between Jewel Midco Limited, Jewel Bidco Limited (both are intermediate parents of the Company) and Ares Management Limited.”
- “It is the Directors intention to wind up the Company, with the assets it holds planned to transfer to Insuretech UK Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHARLES TAYLOR ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2016-12-20 | — | — |
| MALONEY, Kieran | Director | 2020-12-17 | Sep 1974 | British |
| RAMDAS, Arjun | Director | 2020-09-08 | Apr 1976 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AUSTEN, Andrew James | Director | 2015-06-12 | 2016-05-23 |
| CHILDS, Andrew Samuel Christopher | Director | 2015-03-19 | 2021-01-20 |
| DEERY, Suzanne Foy | Director | 2019-05-14 | 2021-04-01 |
| KEANE, Ivan John | Director | 2018-11-01 | 2020-07-31 |
| OSTER, Paul Davis | Director | 2015-03-19 | 2021-01-20 |
| ROMEU, Carlos | Director | 2016-12-16 | 2018-11-01 |
| RUSSELL, Anthony Douglas | Director | 2016-12-16 | 2018-11-01 |
| SAHOTA, Jason | Director | 2016-12-16 | 2019-05-14 |
| SURI, Dominic James | Director | 2018-11-01 | 2020-12-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Charles Taylor Insuretech Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-03 | Active |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-07-15 MA Memorandum articles
- 2021-07-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-18 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-27 | AA | accounts | Accounts with accounts type full | |
| 2025-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-21 | AA | accounts | Accounts with accounts type full | |
| 2024-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-14 | AA | accounts | Accounts with accounts type full | |
| 2023-10-10 | CH01 | officers | Change person director company with change date | |
| 2023-10-10 | CH01 | officers | Change person director company with change date | |
| 2023-10-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-09 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-02 | AA | accounts | Accounts with accounts type full | |
| 2021-07-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-15 | MA | incorporation | Memorandum articles | |
| 2021-07-15 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.