NEXIT 2018 LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +40.6%

  £11,527,178 → £16,204,291

• Cash

  -11.1%

  £6,835,144 → £6,073,359

• Net assets

  +37.8%

  £9,357,407 → £12,896,300

• Employees

  0%

  22 → 22

• Operating profit

  +64.2%

  £4,893,083 → £8,033,306

• Profit before tax

  +68.5%

  £4,890,691 → £8,238,885

• Wages

  +11.3%

  £3,829,594 → £4,261,420

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent 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.”

Group structure

1. NEXIT 2018 LIMITED · parent
   1. Icen Risk Limited 100% · London, EC2N 2DG
   2. Icen Risk BV 100% · Amsterdam, The Netherlands
   3. Icen Risk GmbH 100% · Wien, Austria

Significant events

• “The business performed well in 2024. The significant increase in turnover reflects the Group's successful participation in a variety of M&A transactions as well as returns from continued focus on responsible underwriting and risk selection.”
• “Subsequent to the year-end, the minority interest in Icen Risk Limited, previously held by two directors, was transferred to the parent company, Nexit 2018 Limited. As a result, Nexit 2018 Limited now holds 100% ownership of Icen Risk Limited.”
• “On 28 March 2025, Zurich Insurance Group acquired 49% of the share capital in Nexit 2018 Limited. The transaction completed on 26 June 2025 having successfully obtained FCA approval. The remaining 51% of the share capital was retained by the existing shareholders.”
• “Having secured a trade licence in Austria, Icen Risk GmbH will, effective 29 May 2025, act as the Group's main trading entity in the EU as we continue to grow and service our customers.”

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

Filings

20

last 12 months

Capital events

4

last 24 months

Officers appointed

4

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.