BAI (RUN-OFF) LTD

• ⚠

  Confirmation statement overdue

  Due 2026-05-13.

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a break-up basis, as the Company is not a going concern, and on the assumption that an orderly run off of the Company's liabilities will occur under the Scheme of Arrangement ("the Scheme") entered into on 22 July 2002 with its creditors.

1. BAI (RUN-OFF) LTD 1995-09-05 → present
2. BUILDERS ACCIDENT INSURANCE LIMITED (THE) 1977-12-31 → 1995-09-05
3. BUILDERS' ACCIDENT LIMITED(THE) 1881-04-12 → 1977-12-31

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

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

Standalone (parent only)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a break-up basis, as the Company is not a going concern, and on the assumption that an orderly run off of the Company's liabilities will occur under the Scheme of Arrangement ("the Scheme") entered into on 22 July 2002 with its creditors.”

Group structure

1. BAI (RUN-OFF) LTD · parent
   1. BAI Claims Services Ltd 100% · United Kingdom · construction industry and other insurance claims and investigation handling services

Significant events

• “On 20 June 1995, the directors decided that it was inappropriate to write further new business.”
• “On 11 July 2002, a Scheme of Arrangement was unanimously approved at a creditors' meeting and became effective on 22 July 2002.”
• “On 28 March 2006, the Company acquired the entire issued share capital of BAI Claims Services Ltd.”
• “The Scheme Administrators placed BAI Claims Services into solvent liquidation on 1 November 2024.”
• “On 1 April 2025, Greenback Alan LLP, the Company's auditor, was acquired by Blick Rothenberg Audit LLP.”
• “The Company's subsidiary BAI Claims Services Limited was dissolved on 7 June 2025.”

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.

• Gross written premiums

  —

  Not reported

• Net earned premiums

  —

  Not reported

• Profit before tax

  +525.5%

  £1,540,000 → £9,632,000

• Equity

  +1.8%

  -£536,499,000 → -£526,867,000

• Claims incurred

  -441.4%

  -£3,336,000 → -£18,061,000

• Insurance contract liabilities

  -2.9%

  £674,400,000 → £655,060,000

• Investment return

  -268.9%

  £1,935,000 → -£3,268,000

• Employees

  0%

  3 → 3

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