SUMMIT INSURANCE SERVICES LIMITED
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Cash
£24k
Latest balance sheet
Net assets
£409k
Equity attributable
Employees
7
Average over period
Profit before tax
-£195k
Period ending 2024-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on the going concern basis notwithstanding the net liabilities of the company, following receipt by the company of a letter of support from The Summit Group Ltd ("SGL") confirming that SGL will make available to the company such funding as it requires to continue trading for the foreseeable future, being a date not less than 12 months from the date of signature of these financial statements.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
1-year trend · vs Financials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £377,734 | — | |
| Operating profit | -£214,727 | — | |
| Profit before tax | -£195,330 | — | |
| Net profit | -£195,330 | — | |
| Cash | £24,368 | — | |
| Total assets less current liabilities | £410,991 | — | |
| Net assets | £409,067 | — | |
| Equity | £409,067 | — | |
| Average employees | 7 | — | |
| Wages | £250,470 | — | |
| Directors' remuneration | £109,052 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 |
|---|---|---|
| Operating margin | -56.8% | |
| Net margin | -51.7% | |
| Return on capital employed | -52.2% | |
| Gearing (liabilities / total assets) | 8.4% | |
| Current ratio | 11.82x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on the going concern basis notwithstanding the net liabilities of the company, following receipt by the company of a letter of support from The Summit Group Ltd ("SGL") confirming that SGL will make available to the company such funding as it requires to continue trading for the foreseeable future, being a date not less than 12 months from the date of signature of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRATT, Simon James Knevett | Secretary | 1998-12-31 | — | British |
| BARRATT, Simon James Knevett | Director | 1992-05-14 | Jun 1958 | British |
| MILNER, David John | Director | 1995-07-11 | Jan 1956 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LAWRENCE, William Sackville Gwynne | Secretary | 1992-05-14 | 1998-12-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1992-05-14 | 1992-05-14 |
| DURY, David | Director | 2000-09-19 | 2015-12-31 |
| HENRIQUES, David Quixano | Director | 1992-05-14 | 1999-01-19 |
| SIBLEY, Christopher Paul | Director | 1994-08-17 | 1996-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Summit Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-07-15 | Active |
| Summit Corporate Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-11-22 | Ceased 2025-07-15 |
| Mr Christopher Neil Hunter Gordon | Individual | Shares 25–50% (as trust) | 2016-04-06 | Ceased 2024-11-22 |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-04 | AA | accounts | Accounts with accounts type full | |
| 2026-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | AA | accounts | Accounts with accounts type full | |
| 2023-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-03 | AA | accounts | Accounts with accounts type full | |
| 2022-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-29 | AA | accounts | Accounts with accounts type full | |
| 2021-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-28 | AA | accounts | Accounts with accounts type full | |
| 2020-05-14 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.