THE LONDON AND OVERSEAS INSURANCE COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  On the basis that the Amending Scheme states that the Company will be liquidated following completion of final dividend payments to creditors, these accounts are prepared on a break up basis.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

Qualified

Going concern

Material uncertainty disclosed

“On the basis that the Amending Scheme states that the Company will be liquidated following completion of final dividend payments to creditors, these accounts are prepared on a break up basis.”

Significant events

• “The Company no longer underwrites business. Its principal activity is the run-off of general insurance and reinsurance business.”
• “The Company ceased underwriting activities on 30 September 1992.”
• “The Group entered into a scheme of arrangement ("Original Scheme") with effect from 7 March 1997.”
• “An amending scheme of arrangement ("Amending Scheme") came into effect from 14 January 2016.”
• “The United States Bankruptcy Court granted an order recognising and enforcing the Amending Scheme in the United States of America on 11 January 2016.”
• “The bar date for the final submission of all claims subject to the crystallisation provisions of the Amending Scheme was 12 September 2016.”
• “A final scheme of arrangement ("Final Scheme") came into effect on 29 May 2025.”
• “The Final Scheme established a bar date of 31 December 2035 for the final submission of all claims of Opt Out Qualifying ILU Policyholders.”
• “A final distribution to creditors with crystallised claims was delayed due to various uncertainties including in relation to tax. A proposal has been developed, in conjunction with key stakeholders, to facilitate an earlier final distribution than would otherwise be possible by way of an Early Final Dividend Offer. This offer was made to eligible creditors in July 2025.”

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

Filings

3

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.

• Turnover

  —

  Not reported

• Cash

  +941%

  £177,168 → £1,844,329

• Net assets

  +2%

  -£192,661,972 → -£188,832,468

• Employees

  —

  Not reported

• Profit before tax

  -4.4%

  £4,005,930 → £3,829,503

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