ZURICH ADVICE NETWORK LIMITED

1. ZURICH ADVICE NETWORK LIMITED 2001-09-03 → present
2. ALLIED DUNBAR FINANCIAL ADVISERS LIMITED 1997-06-05 → 2001-09-03
3. ALLIED INVESTORS DEVELOPMENT COMPANY LIMITED 1951-03-09 → 1997-06-05

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are satisfied that the company has adequate resources to continue in operational existence for a period of 18 months from the approval of the financial statements and accordingly it is appropriate to continue the going concern basis in preparing the financial statements.”

Significant events

• “On 1 July 2021 the third party transferred most of these holdings to clean share classes and notified the advisors that they will no longer receive trail commission from this date, and their last payment would be in July 2021. As a result, the distribution allowance stopped at the end of 2021.”
• “These policies have been on run off since the beginning of 2022 and policies falling due on or after 1 January 2023 have lapsed.”
• “The mortgage products sold by the former advisors was on an introducer fee only basis, therefore the former advisors are not entitled to ongoing renewal commission on mortgage products sold prior to 1 June 2005. The renewal commission income from the third party is initially received by Openwork and passed on to the company. These policies have been on run off and have lapsed before 2022 therefore the company no longer receives this commission from 2022.”
• “The ultimate intention is to transfer the entire business of the company to another entity within the Group and to cease trading.”

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

  -100%

  £9,469 → £0

• Cash

  +7.5%

  £2,950,986 → £3,173,384

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +280.6%

  -£17,077 → £30,837

• Profit before tax

  +118.7%

  £64,785 → £141,689

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers