XCHANGING GLOBAL INSURANCE SOLUTIONS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
None on the register
Cash
£19M
-67.3% vs 2024
Net assets
-£114M
-26.9% vs 2024
Employees
214
+0.9% vs 2024
Profit before tax
-£26M
-100.6% vs 2024
Name history
Renamed 4 times since incorporation
- XCHANGING GLOBAL INSURANCE SOLUTIONS LIMITED 2004-09-08 → present
- XCHANGING GLOBAL INSURANCE SERVICES LIMITED 2004-08-09 → 2004-09-08
- REBUS INSURANCE SYSTEMS LIMITED 1997-04-01 → 2004-08-09
- DATASURE LIMITED 1979-12-31 → 1997-04-01
- C.E.HEATH & CO(YORKSHIRE)LIMITED 1952-05-23 → 1979-12-31
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £74,193,000 | £75,378,000 | |
| Operating profit | -£13,039,000 | -£25,600,000 | |
| Profit before tax | -£13,024,000 | -£26,132,000 | |
| Net profit | -£12,448,000 | -£24,225,000 | |
| Cash | £58,487,000 | £19,141,000 | |
| Total assets less current liabilities | £127,483,000 | £105,776,000 | |
| Net assets | -£89,935,000 | -£114,160,000 | |
| Equity | -£89,935,000 | -£114,160,000 | |
| Average employees | 212 | 214 | |
| Wages | £11,861,000 | £12,281,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -17.6% | -34.0% | |
| Net margin | -16.8% | -32.1% | |
| Return on capital employed | -10.2% | -24.2% | |
| Gearing (liabilities / total assets) | 150.7% | 175.0% | |
| Current ratio | 2.43x | 0.94x | |
| Interest cover | -3.56x | -8.45x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Confirmation has been obtained from the Ultimate Parent Company that it will continue to provide financial support to enable the Company to meet its financial obligations for the foreseeable future for a period of at least thirteen months from the date that the financial statements are authorised for issue. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The Company has entered into build agreement with Joint Ventures (Velonetic) and Lloyds signed on 30th December 2021 towards the Digital Processing Services Programme. A CCN for sequence 5 was signed on 5th August 2022. There was an additional CCN signed on 23rd November 2023. The commitment in respect of the above project is expected to be £6m in FY 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLISON, Derek Alan | Director | 2024-10-28 | Aug 1971 | British |
| BRABIN, Lawrence Michael | Director | 2024-06-24 | Apr 1967 | British |
| WOODFINE, Michael Charles | Director | 2016-05-23 | Dec 1971 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAMPBELL, Kenneth Francis | Secretary | 2002-02-28 | 2004-04-19 |
| FUSSELL, Christopher Mark | Secretary | 2004-04-19 | 2006-06-22 |
| GALLAGHER, Anthony James | Secretary | 2007-12-31 | 2010-01-22 |
| LONEY, Nicholas John | Secretary | 1996-03-29 | 1999-08-26 |
| SCORE, Timothy | Secretary | 1999-08-26 | 2002-02-28 |
| WILKINSON, Sidney James | Secretary | — | 1996-03-29 |
| HEXAGON REGISTRARS LIMITED | Corporate Secretary | 2006-06-22 | 2007-12-31 |
| ANDREWS, David William | Director | 2005-05-06 | 2008-01-31 |
| BAUERNFEIND, David Gregory | Director | 2004-07-23 | 2008-01-31 |
| BEWS, Anthony David | Director | 1997-09-15 | 2000-01-01 |
| BINNS, Andrew Michael | Director | 2012-01-06 | 2016-03-31 |
| BLIGH, Andrew William | Director | 2011-12-22 | 2012-10-08 |
| BYRNE, Patrick Michael | Director | 2008-01-31 | 2011-12-21 |
| CAMPBELL, Kenneth Francis | Director | 1997-09-15 | 2004-04-19 |
| CLARK, Richard John | Director | 1997-09-15 | 2008-01-31 |
| COLWELL, Charles John | Director | 2009-05-05 | 2011-12-22 |
| CROOM, Timothy Llewellyn | Director | 2014-02-04 | 2016-05-23 |
| DEWS, Stephen Eric | Director | 2012-10-08 | 2015-01-26 |
| DUNSTAN, Michael Ernest | Director | — | 1997-09-15 |
| EALES, Hugo Martin | Director | 2022-01-21 | 2024-07-25 |
| FISHER, Darren Michael | Director | 2008-01-31 | 2011-06-29 |
| GOGEL, Robert Neil, Mr. | Director | 2001-12-18 | 2005-05-06 |
| GOUGH, Tina Anne | Director | 2017-06-09 | 2020-04-07 |
| GRAY, David William Hart | Director | 2017-01-23 | 2017-04-07 |
| HALBARD, Christopher Neal | Director | 2020-04-07 | 2024-04-10 |
| HARKIN, John Paul | Director | 2008-01-31 | 2009-05-05 |
| HENSON, Michael | Director | 2010-05-01 | 2010-07-16 |
| HOBBS, Michael Owen | Director | — | 2008-01-31 |
| HOUGHTON, Richard Alexander | Director | 2005-03-07 | 2010-10-14 |
| KHIMASIA, Nishil | Director | 2005-10-11 | 2006-12-11 |
| KNIGHT, Owen William | Director | 1997-09-15 | 1999-04-21 |
| LEVER, Kenneth | Director | 2010-10-14 | 2011-06-30 |
| LEWIS, Alan Edwin | Director | — | 1997-01-06 |
| LORIA, Giovanni | Director | 2016-07-19 | 2017-01-23 |
| MAJED, Maruf Ahmad | Director | 2018-03-31 | 2020-02-26 |
| MORGAN, Adrian | Director | 2012-01-09 | 2014-11-30 |
| MORRIS, Hugh Fenton | Director | 2005-10-11 | 2008-01-31 |
| PICKETT, Mark Jeremy | Director | 2016-05-23 | 2016-06-24 |
| POLLARD, Michael James | Director | 2012-01-04 | 2016-05-23 |
| POMERY, Graham Alan | Director | 2010-05-01 | 2011-01-07 |
| PRESLAND, Peter Eric | Director | 1997-09-15 | 2001-08-17 |
| PRIGGEN, John Edward Frederick | Director | 2015-01-26 | 2016-07-19 |
| PRIGGEN, John Edward Frederick | Director | 2008-03-04 | 2010-05-01 |
| SCORE, Timothy | Director | 2000-03-31 | 2002-02-28 |
| STROUD, Christopher | Director | 2010-09-28 | 2011-06-20 |
| SUMMERS, Roger Denis | Director | — | 2002-02-28 |
| TOBIN, Janice Annette | Director | — | 1997-09-15 |
| TURPIE, Steven James | Director | 2020-03-04 | 2022-07-15 |
| WARING, David Gerald | Director | 1997-09-15 | 2000-03-31 |
| WILSON, Craig Alaister | Director | 2016-06-16 | 2017-01-23 |
| WILSON, Nicholas Anthony | Director | 2017-06-09 | 2018-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xchanging Global Insurance Systems Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-08-17 | Active |
| Datasure Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-21 | Ceased 2018-08-17 |
Filing timeline
Last 20 of 275 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | AA | accounts | Accounts with accounts type full | |
| 2023-06-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-09 | AA | accounts | Accounts with accounts type full | |
| 2022-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-20 | AA | accounts | Accounts with accounts type full | |
| 2022-04-11 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2022-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-28 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.6%
£74,193,000 £75,378,000
-
Cash
-67.3%
£58,487,000 £19,141,000
-
Net assets
-26.9%
-£89,935,000 -£114,160,000
-
Employees
+0.9%
212 214
-
Operating profit
-96.3%
-£13,039,000 -£25,600,000
-
Profit before tax
-100.6%
-£13,024,000 -£26,132,000
-
Wages
+3.5%
£11,861,000 £12,281,000
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