THE EXETER CASH PLAN
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Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
Cash
£981K
-36.5% vs 2023
Net assets
£3M
-18.1% vs 2023
Employees
—
Average over period
Profit before tax
-£567K
-140.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 1.2 to the financial statements which explains that, following the Exeter group's decision to exit the Cash Plan market, the directors intend for the company to cease trading and run-off policies held within the Company.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- THE EXETER CASH PLAN 2015-11-02 → present
- ENGAGE MUTUAL HEALTH 2010-12-20 → 2015-11-02
- PROVINCIAL HOSPITAL SERVICES ASSOCIATION 1953-01-09 → 2010-12-20
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,473,000 | £2,116,000 | |
| Operating profit | -£380,000 | -£663,000 | |
| Profit before tax | -£236,000 | -£567,000 | |
| Net profit | -£236,000 | -£567,000 | |
| Cash | £1,544,000 | £981,000 | |
| Total assets less current liabilities | £3,137,000 | £2,570,000 | |
| Net assets | £3,137,000 | £2,570,000 | |
| Equity | £3,137,000 | £2,570,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | -15.4% | -31.3% | |
| Net margin | -9.5% | -26.8% | |
| Return on capital employed | -12.1% | -25.8% | |
| Gearing (liabilities / total assets) | 26.6% | 27.6% | |
| Current ratio | 6.31x | 3.93x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1.2 to the financial statements which explains that, following the Exeter group's decision to exit the Cash Plan market, the directors intend for the company to cease trading and run-off policies held within the Company.”
Significant events
- “During the year EFS made a strategic decision to exit the Cash Plan market. As a consequence the decision was made to run off policies held within the Company. Once all policies have cancelled on expiry in 2025 the Company will be wound down.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWDEN, Kelly | Secretary | 2026-01-05 | — | — |
| BRYAN, Steven David | Director | 2017-07-03 | Dec 1966 | British |
| CLARK, Suzanne Elisabeth | Director | 2023-08-01 | Jan 1970 | British |
| HAMILTON, William Trevor, Professor | Director | 2015-10-30 | May 1958 | Northern Irish |
| HUBBARD, Peter John | Director | 2022-08-01 | Nov 1955 | British |
| LANGTON, Isobel May | Director | 2021-06-08 | Feb 1963 | British |
| MACLEAN, Donald John, Dr | Director | 2024-05-01 | Dec 1980 | British |
| MALAYAPILLAY, Kelvin Desmond | Director | 2023-08-01 | Mar 1971 | British |
| MCEWAN, Helen Stodart | Director | 2016-09-22 | Sep 1964 | British |
| PAYNE, Michael Alan | Director | 2023-10-02 | May 1971 | British |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, John Philip | Secretary | 2015-10-30 | 2016-10-10 |
| GILBERT, Michael William Harold | Secretary | — | 2010-09-30 |
| HORSLEY, Andrew | Secretary | 2010-09-30 | 2015-04-01 |
| KUBIAK, Zoe Maureen Patricia | Secretary | 2019-02-08 | 2025-08-11 |
| LANGTON, Isobel May | Secretary | 2025-11-21 | 2026-01-05 |
| MEERES, Keith Frederick | Secretary | 2015-04-01 | 2015-10-30 |
| SENIOR, Karen | Secretary | 2025-08-11 | 2025-11-21 |
| TURNER, Shalimar Wilhelmina Varuna | Secretary | 2016-10-10 | 2019-02-08 |
| ADAMS, John William | Director | 2015-04-01 | 2015-10-30 |
| ANDREWS, William George | Director | — | 1995-09-21 |
| AUSTIN, Paul | Director | 2015-10-30 | 2019-04-08 |
| BALDWIN, Keith Reginald | Director | 2019-08-01 | 2024-08-31 |
| BARCOCK, Edward Frank | Director | — | 1996-06-14 |
| BARKER, Denis Charles | Director | — | 1998-06-12 |
| BECK, Peter | Director | — | 2006-03-29 |
| BOWLES, Leslie George | Director | — | 1996-08-01 |
| BRAND, David Sheldon | Director | 2015-10-30 | 2023-06-30 |
| BRITTEN, John Derek | Director | — | 2004-06-10 |
| BULPITT, John Alan | Director | 2007-12-13 | 2010-09-30 |
| BURROWS, Peter James | Director | 2011-03-24 | 2015-06-30 |
| CARVER, Norman Henry | Director | — | 1997-03-07 |
| CHANDLER, Paul Geoffrey | Director | 2013-03-21 | 2015-04-01 |
| CHAPMAN, Andrew Donald Sutcliffe | Director | 2015-10-30 | 2021-06-30 |
| DICKINSON, John Lawrence | Director | — | 1997-06-14 |
| DOBBIN, William Wallace | Director | 2015-10-30 | 2022-12-31 |
| DYKE, John Arthur Nigel | Director | — | 1995-06-09 |
| EDWARDS, Donald Lloyd | Director | — | 2007-05-18 |
| ELLIOTT, Karl Jeffery Dixon | Director | 2010-09-30 | 2015-04-01 |
| FAWCETT, Caroline Elizabeth | Director | 2014-03-20 | 2015-04-01 |
| FENSOME, Donald | Director | 1993-09-09 | 2010-09-30 |
| FOWLER, Harry Frederick Joseph | Director | — | 2010-09-30 |
| GONSHOR, Samuel | Director | — | 1996-12-12 |
| GOSLING, Andrew Thomas | Director | 2011-03-24 | 2015-04-01 |
| GUNN, John Robert | Director | 2019-04-08 | 2024-06-26 |
| HAIGH, Andrew Scott | Director | 2010-09-30 | 2012-12-24 |
| HALL, Brian Terence | Director | — | 1994-09-05 |
| HARGRAVE, David Grant | Director | 2010-09-30 | 2011-05-12 |
| HARVEY, Michael Stafford, Dr. | Director | 1993-06-04 | 2001-06-08 |
| HENDERSON, William Grahamslaw | Director | 2010-09-30 | 2010-11-09 |
| LARGE, Malcolm Bruce | Director | 1994-12-08 | 2010-09-30 |
| LAZENBY, Keith David | Director | 1996-06-14 | 2010-09-30 |
| LE BEAU, Peter Edward James | Director | 2015-10-30 | 2017-06-15 |
| LOWE, Simon Wyndham, Dr | Director | 2001-08-09 | 2010-09-30 |
| LUKE, Ian St John, The Rt Hon Lord | Director | — | 1996-05-27 |
| MACLEAN, Fraser Ian | Director | 2004-12-02 | 2008-01-21 |
| MARKEY, Simon Christopher | Director | 2015-04-01 | 2015-10-30 |
| MASON, Peter William | Director | 2010-09-30 | 2013-01-31 |
| MASTERS, Nigel Barry | Director | 2013-03-21 | 2015-04-01 |
| MCCOMB, Christina Margaret | Director | 2010-09-30 | 2015-04-01 |
| MEERES, Keith Frederick | Director | 2015-04-01 | 2015-10-30 |
| PAYNE, Stephen John | Director | 2015-10-30 | 2024-06-26 |
| PHILP, Simon John | Director | 2015-10-30 | 2016-09-01 |
| POLLARD, Christopher John | Director | 2019-04-08 | 2022-06-30 |
| RICHARDSON, Kevin Francis | Director | 2015-10-30 | 2016-05-26 |
| ROBINSON, David Gordon | Director | 2010-09-30 | 2014-04-30 |
| ROCK, Michael Christopher | Director | 2007-09-13 | 2010-09-30 |
| ROSE, Keith George | Director | — | 1996-06-14 |
| TULL, Peter Leslie | Director | — | 1995-06-09 |
| TURLEY, Janet Valerie | Director | 1997-06-13 | 2010-09-30 |
| WHOWELL, William Brian, Dr | Director | — | 1993-06-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Exeter Cash Plan Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
| Exeter Friendly Society Limited | Corporate entity | Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 228 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-09 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-10 | AA | accounts | Accounts with accounts type full | |
| 2023-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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
-14.4%
£2,473,000 £2,116,000
-
Cash
-36.5%
£1,544,000 £981,000
-
Net assets
-18.1%
£3,137,000 £2,570,000
-
Employees
—
Not reported
-
Operating profit
-74.5%
-£380,000 -£663,000
-
Profit before tax
-140.3%
-£236,000 -£567,000
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