OIC RUN-OFF LIMITED

• ⚠

  Material uncertainty over going concern

  On the basis that the Amending Scheme states that the Group companies will be liquidated following completion of final dividend payments to creditors, these accounts are prepared on a break up basis. The Company is not a going concern and the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  Audit opinion: Qualified

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

1. OIC RUN-OFF LIMITED 1998-03-30 → present
2. ORION INSURANCE COMPANY P L C(THE) 1931-04-30 → 1998-03-30

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

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“On the basis that the Amending Scheme states that the Group companies will be liquidated following completion of final dividend payments to creditors, these accounts are prepared on a break up basis. The Company is not a going concern and the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. OIC RUN-OFF LIMITED · parent
   1. The London and Overseas Insurance Company Limited 89.9% · UK

Significant events

• “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 bar date for the final submission of all claims subject to the crystallisation provisions of the Amending Scheme was 12 September 2016 and all submitted claims have now been agreed.”
• “A final scheme of arrangement ("Final Scheme") came into effect on 29 May 2025. This established a bar date of 31 December 2035 for the final submission of all claims of Opt Out Qualifying ILU Policyholders.”
• “An Early Final Dividend Offer. This offer was made to eligible creditors in July 2025.”
• “On 15 September 1997 an initial dividend rate of 15% was approved by the Creditors' Committee. On 12 August 2019 the dividend was increased to the current rate of 76%.”

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

  -26.1%

  £4,748,703 → £3,510,749

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -29.3%

  -£4,673,832 → -£6,042,995

• Profit before tax

  +27.6%

  -£1,210,526 → -£876,205

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