MCLINSURETECH LTD

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

  +38.2%

  £11,871,959 → £16,401,362

• Cash

  -22%

  £6,705,381 → £5,227,956

• Net assets

  -11.8%

  £9,111,383 → £8,036,369

• Employees

  0%

  101 → 101

• Operating profit

  -209.4%

  £742,945 → -£812,691

• Profit before tax

  -210.2%

  £743,434 → -£819,433

• Wages

  +5.4%

  £2,972,135 → £3,133,656

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.

1. MCLINSURETECH LTD 2018-08-22 → present
2. MCL INSURANCE SERVICES LTD 2001-07-20 → 2018-08-22

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

IDS Chartered Accountants LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 and 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. MCLINSURETECH LTD · parent
   1. Insurebrands Limited 100% · Northern Ireland
   2. McClartys Limited 100% · Northern Ireland
   3. MCL Insurance Services (Ireland) Ltd 100% · Ireland
   4. Fusion Outsource Solutions Limited 100% · Northern Ireland
   5. 14W Promotions Ltd 100% · Northern Ireland
   6. Dotsys Limited 85% · Northern Ireland
   7. Dotsys (Ireland) Limited 85% · Ireland

Significant events

• “Over the last few years the group growth has led to the expansion of a wide range of market sectors. Each of these sectors present their own challenges. Businesses have been faced with unprecedented challenges arising from a number of factors. The key risks facing the group are in particular due to reduced availability of funding, global market trends and falling consumer spending.”

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

Filings

2

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.