SAUNDERSON HOUSE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors consider there to be no prospect of future revenues and no activity will be undertaken by the Company on behalf of clients, as none remain. Therefore, the Directors have prepared the financial statements on a basis other than that of going concern. Given the company is now non-trading, and management's intention is to make the Company dormant shortly after its regulatory permissions are removed by the FCA, the Directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SAUNDERSON HOUSE LIMITED 1990-06-27 → present
2. SAUNDERSON INSURANCE BROKERS LIMITED 1968-10-14 → 1990-06-27

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 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors consider there to be no prospect of future revenues and no activity will be undertaken by the Company on behalf of clients, as none remain. Therefore, the Directors have prepared the financial statements on a basis other than that of going concern. Given the company is now non-trading, and management's intention is to make the Company dormant shortly after its regulatory permissions are removed by the FCA, the Directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “During 2024, the focus remained on engaging with and transitioning Company's clients to the new proposition to support the benefits that were highlighted at the time of acquisition. The Company's migration process concluded in July 2024 when the legacy proposition was shut down and the Assets under Advice ("AUA") decreased to £nil.”
• “Following the successful migration of all clients and AUA to other group companies, the Directors expect the Company to become dormant and are in the process of seeking to de-register the Company's FCA permissions.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

2

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

  -47.8%

  £19,469,814 → £10,167,156

• Cash

  +83.6%

  £9,594,820 → £17,611,793

• Net assets

  -18.9%

  £16,212,888 → £13,151,141

• Employees

  -95.1%

  183 → 9

• Operating profit

  +118%

  -£4,078,297 → £734,812

• Profit before tax

  +125.5%

  -£4,773,530 → £1,216,458

• Wages

  -60.7%

  £14,915,674 → £5,863,940

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