INSURWAVE LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

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

• Turnover

  +98.7%

  £949,000 → £1,886,000

• Cash

  +34.2%

  £237,000 → £318,000

• Net assets

  -130.4%

  £3,183,000 → -£969,000

• Employees

  +50%

  42 → 63

• Operating profit

  -89.3%

  -£2,754,000 → -£5,213,000

• Profit before tax

  -97.6%

  -£2,782,000 → -£5,497,000

• Wages

  +93.9%

  £1,661,000 → £3,220,000

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

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. INSURWAVE LIMITED 2019-03-26 → present
2. INSURCHAINCONNECT LIMITED 2018-03-29 → 2019-03-26

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG Audit LLC

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic.”

Significant events

• “In March 2024, IPGL Limited subscribed for £10.0m of new ordinary shares in the company. In connection with the IPGL transaction, Chalvington Properties Limited also subscribed for £2.0m of new ordinary shares in the company. The company used some of the proceeds from the transaction to fully repay the principal balance of the loan from IncubEx Inc. and the company issued 3,464 ordinary shares in May 2024 to repay the remaining balance owed on the loan.”
• “In June 2024, IncubEx Inc. sold 21,705 of IncubEx's ordinary shares in the company to multiple investors of IncubEx Inc. On 30 June 2024, after the transactions noted above, IncubEx Inc. held approximately 64.94% of the ordinary shares in the company on a fully diluted basis.”

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

Filings

11

last 12 months

Capital events

4

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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