MOTOR INSURERS' BUREAU
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-28 (in 2mo)
Last made up 2025-07-14
Watchouts
None on the register
Cash
£60M
-21.9% vs 2023
Net assets
£0
Equity attributable
Employees
437
+6.1% vs 2023
Profit before tax
—
Period ending 2024-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £361,990,000 | £284,056,000 | |
| Operating profit | £116,962,000 | £152,329,000 | |
| Profit before tax | — | — | |
| Net profit | — | — | |
| Cash | £77,482,000 | £60,482,000 | |
| Total assets less current liabilities | £2,702,754,000 | £2,468,987,000 | |
| Net assets | £0 | £0 | |
| Equity | £0 | £0 | |
| Average employees | 412 | 437 | |
| Wages | £24,176,000 | £24,525,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 32.3% | 53.6% | |
| Return on capital employed | 4.3% | 6.2% | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | |
| Current ratio | 5.70x | 5.13x | |
| Interest cover | 0.94x | 0.95x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP, Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have been monitoring Global and Economic activities and the impact both directly on the Company's business and indirectly through reviewing the development of government policy and advice, based on these the Directors consider MIB to continue to be a going concern.”
Group structure
- MOTOR INSURERS' BUREAU · parent
- Tracing Services Limited 100%
- MIB Portal Services Limited 100%
- Official Injury Claim Limited 100%
- MIB Management Services Limited 100%
- Claims Portal Limited 50%
Significant events
- “In 2024, MIB settled the claims of more than 34,000 victims of uninsured or hit-and-run driving, paying out more than £400m to support their recovery. The time taken to settle a claim reduced by 15% to 271 days.”
- “MIB launched Navigate, the new home for MIB's vital data services, in 2024.”
- “New claims in 2024: Uninsured claims 8,206 (+1%), Hit-and-run claims 14,712 (-2%).”
- “MIB's investments grew from £193 million in 2023 to £236 million in 2024, and cash deposits yielded interest income in excess of £3.7 million (2023: £2.7 million).”
- “On 2nd December 2024, the Lord Chancellor announced a new Ogden discount rate of +0.5% to take effect from 11th January 2025 (a movement from -0.25%).”
- “During the year, a buy-in occurred for the defined benefit pension scheme and the scheme asset is now materially an insurance policy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 85 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EVANS, Mark | Secretary | 2023-09-27 | — | — |
| BECKETT, Mr Adam | Director | 2022-12-19 | Aug 1976 | British |
| BRIDGER, Steven John | Director | 2025-08-08 | Feb 1971 | British |
| CARTER, Geoffrey Richard | Director | 2022-12-09 | Mar 1969 | British |
| CHARLES, Rhodri Prys | Director | 2018-09-28 | Mar 1975 | Welsh |
| CRANE, Michael Paul | Director | 2018-08-02 | Sep 1968 | British |
| DISTEFANO, Mr Marco Daniel Hook | Director | 2024-02-05 | Dec 1969 | British |
| EATON, Angus Gordon | Director | 2024-07-01 | Jan 1968 | British |
| FLEET, Georgina Kaye | Director | 2024-03-27 | Mar 1975 | British |
| HELGESEN, Karl | Director | 2018-03-29 | Nov 1972 | British |
| LEHANE, Dymphna Ann | Director | 2025-04-01 | Jun 1963 | Irish |
| MAKOMEREH, Christopher Zola | Director | 2023-03-29 | Oct 1986 | British |
| PHAGURA, Harkamal, Mr | Director | 2024-03-27 | Dec 1971 | British |
| RAYNER, Alison Jane | Director | 2024-07-30 | Apr 1972 | British |
| ROBINSON, Hayley | Director | 2025-03-01 | Feb 1962 | British |
Show 85 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARYA, Rajeev | Secretary | 2022-05-27 | 2023-07-28 |
| BUDD, Wendy | Secretary | 2014-10-08 | 2019-10-31 |
| DAND, Anthony Michael | Secretary | — | 1998-02-27 |
| DOWNING, Andrew | Secretary | 2013-03-08 | 2014-01-31 |
| HEMANI, Mohammed | Secretary | 2008-11-24 | 2013-03-08 |
| JONES, Matthew | Secretary | 2014-01-31 | 2014-09-29 |
| LOUISY, Byford | Secretary | 1998-03-02 | 2008-11-12 |
| YOUNG, Kelly Anne | Secretary | 2019-11-11 | 2022-04-01 |
| ABBOUD, Jacob, Dr | Director | 2016-03-11 | 2019-03-27 |
| ARYA, Rajeev | Director | 2019-04-01 | 2023-07-28 |
| ASSOCIATION OF BRITISH INSURERS, The Chairman | Director | — | 1992-06-30 |
| BACON, Mark Haviland | Director | 2011-03-03 | 2017-05-08 |
| BAKER, Simon Paul | Director | 2013-03-22 | 2022-10-10 |
| BARBER, Kim | Director | 2006-02-23 | 2009-03-13 |
| BASTERFIELD, Richard Michael | Director | 1992-10-14 | 1993-11-24 |
| BEDDALL, Andrew Simon | Director | 2005-11-24 | 2008-11-05 |
| BIRD, John William | Director | 1992-10-14 | 1993-11-24 |
| BISHOP, John Henry | Director | 1992-06-30 | 1994-06-21 |
| BISHOP, Timothy | Director | 2018-06-19 | 2022-03-28 |
| BOISSEAU, Francois Xavier | Director | 2003-07-31 | 2007-06-29 |
| BOISSEAU, Francois Xavier | Director | 2002-11-28 | 2003-04-07 |
| BROUGHTON, Stephen William | Director | 1993-05-24 | 1997-05-25 |
| BURROWS, Jessie Josephine | Director | 2022-01-01 | 2023-12-07 |
| CAMPBELL, Norman Thomas | Director | 1992-10-14 | 1993-05-31 |
| CAPEWELL, Martyn Scott | Director | 2002-07-01 | 2008-06-26 |
| CARTER, Leonard Brian | Director | 1992-06-30 | 1993-11-24 |
| CHRISTER, Mark | Director | 2010-02-24 | 2010-06-21 |
| CLARKE, Adam James | Director | 2010-06-24 | 2019-09-30 |
| CLAYDEN, Dominic John | Director | 2009-09-11 | 2024-06-30 |
| CLIFF, Mark | Director | 2003-05-22 | 2006-11-23 |
| COLTHAM, Kjirste Elizabeth | Director | 2019-11-29 | 2022-10-12 |
| COOK, Alan Ronald | Director | 1998-05-28 | 2001-06-30 |
| COOMBE, Richard Denzil | Director | 2012-06-06 | 2012-11-14 |
| CURRIE, Ian Dennis | Director | 2010-08-02 | 2018-03-29 |
| DUTTON, Edward Michael | Director | 2007-05-03 | 2008-11-05 |
| EATON, Angus Gordon | Director | 2020-09-10 | 2023-11-30 |
| FERNANDES, Selwyn Clinton Anthony | Director | 2015-12-15 | 2018-07-12 |
| FERNQVIST, Siv Anita | Director | 2022-01-19 | 2023-12-31 |
| FLEMING, Anna Marie Ellen | Director | 2019-11-13 | 2021-03-31 |
| FRESNEAU, Cecile Georgette | Director | 2015-09-07 | 2017-09-27 |
| GOLDBY, Andrew Kenneth | Director | 2007-10-18 | 2007-12-31 |
| HART, Mark Victor | Director | 2020-02-04 | 2021-09-01 |
| HILL, Raymond Stanley | Director | 1993-10-06 | 1995-05-31 |
| HOGG, Thomas | Director | 1992-06-30 | 1996-06-30 |
| HOLLIDAY, Timothy Victor | Director | 2012-03-23 | 2015-08-31 |
| HOMER, Andrew Charles | Director | 1998-12-09 | 2002-03-07 |
| HOOPER, Nicholas David | Director | 1992-06-30 | 1993-05-24 |
| HORTON, Peter Anthony | Director | 2004-07-01 | 2005-06-01 |
| HOWELL, Leslie | Director | 1995-01-01 | 1998-12-09 |
| JONES, Roger Merer | Director | 1999-08-04 | 2004-07-31 |
| JONES, Roger Merer | Director | 1992-10-14 | 1998-08-05 |
| JOSIAH, John Edward | Director | 2009-05-07 | 2010-12-07 |
| KEATING, Michael Samuel | Director | 2008-11-06 | 2011-01-31 |
| LISTER, Nigel George | Director | 1992-06-30 | 1995-06-30 |
| LLOYDS MOTOR UNDERWRITERS ASSOCIATION, The Chairman | Director | — | 1992-06-30 |
| LLOYDS OF LONDON (INSURANCE), The Chairman | Director | — | 1992-06-30 |
| LOTTS, Kate | Director | 2005-11-23 | 2010-10-06 |
| LOUISY, Byford | Director | 2000-08-09 | 2008-11-13 |
| LOWNDES, Michael John | Director | 1992-10-14 | 1993-07-31 |
| MACHELL, Simon Christopher | Director | 2000-05-31 | 2007-06-29 |
| MADDOCK, Steven | Director | 2020-07-08 | 2022-01-01 |
| MADDOCK, Steven | Director | 2011-06-09 | 2020-06-08 |
| MADDOCK, Steven | Director | 2004-11-01 | 2010-01-08 |
| MAHON, Keith Francis | Director | 1998-06-30 | 2001-05-31 |
| MALIK, Waseem Ullah | Director | 2022-12-09 | 2025-04-25 |
| MATRAS, Laurent Michel Robert | Director | 2008-07-03 | 2013-02-28 |
| MCCHESNEY, Gareth David, Noel | Director | 2017-11-24 | 2019-05-17 |
| MCKEE, Christopher Raymond | Director | 1993-02-24 | 1996-02-24 |
| MCKINNON, Douglas Joseph | Director | 1995-05-01 | 1998-05-27 |
| MCLAUGHLAN, Derek Mcintyre | Director | 1997-05-25 | 2000-05-31 |
| MCMILLAN, David John Ramsay | Director | 2007-10-18 | 2008-01-08 |
| MILLER, Adam | Director | 2024-02-05 | 2026-01-31 |
| MORRIS, Keith John | Director | 2005-09-29 | 2014-03-04 |
| MOSS, Thomas Peter | Director | 2015-08-13 | 2015-10-30 |
| MOSS, Thomas Peter | Director | 2009-02-12 | 2015-02-12 |
| NEAVE, David Stanley | Director | 2007-11-21 | 2013-03-07 |
| NEAVE, David Stanley | Director | 2001-03-01 | 2004-10-07 |
| NORTHMORE, Robert John | Director | 1999-03-03 | 1999-09-01 |
| OAKLEY, John Frederick | Director | 1992-10-14 | 1993-11-24 |
| OMILJANCZYK, Andrew Michael | Director | 1996-02-24 | 1999-03-02 |
| PANCHAM, Paul | Director | 2008-02-18 | 2009-07-31 |
| PICKFORD, Helen Alison | Director | 2009-09-11 | 2010-06-11 |
| PLUMMER, Derek William | Director | 1992-06-01 | 1993-11-24 |
| RAYNER, Miss Alison Jane | Director | 2022-04-01 | 2022-08-25 |
| READ, James Arthur | Director | 1992-06-30 | 2003-06-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 421 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-08 MA Memorandum articles
- 2025-07-08 RESOLUTIONS Resolution
- 2024-07-22 MA Memorandum articles
- 2024-07-22 MA Memorandum articles
- 2024-07-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | MA | incorporation | Memorandum articles | |
| 2025-07-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-01 | AA | accounts | Accounts with accounts type group | |
| 2025-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-22 | MA | incorporation | Memorandum articles | |
| 2024-07-22 | MA | incorporation | Memorandum articles | |
| 2024-07-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type group | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-05 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-21.5%
£361,990,000 £284,056,000
-
Cash
-21.9%
£77,482,000 £60,482,000
-
Net assets
—
Not reported
-
Employees
+6.1%
412 437
-
Operating profit
+30.2%
£116,962,000 £152,329,000
-
Wages
+1.4%
£24,176,000 £24,525,000
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