LLOYDS BANK INSURANCE SERVICES LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. LLOYDS BANK INSURANCE SERVICES LIMITED 2013-09-23 → present
2. LLOYDS TSB INSURANCE SERVICES LIMITED 1998-11-02 → 2013-09-23
3. LLOYDS BANK INSURANCE SERVICES LIMITED 1977-12-31 → 1998-11-02
4. E.R.C. NOMINEES LIMITED 1969-12-16 → 1977-12-31

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The going concern of the Company is dependent on successfully maintaining adequate levels of capital and liquidity. In order to satisfy themselves that the Company has adequate resources to continue to operate for the foreseeable future, the Directors have considered a number of key dependencies, which are set out in the risk management note 20, and additionally have considered projections for the Company's capital and funding position. Having consulted on these, the Directors conclude that it is appropriate to continue to adopt the going concern basis in preparing the accounts.”

Group structure

1. LLOYDS BANK INSURANCE SERVICES LIMITED · parent
   1. Cavendish Online Limited 100% · England · Insurance broker

Significant events

• “On the 10th July 2024, a legal entity reorganisation took place as part of the IP&I strategy to simplify the legal entity structure of the division. The Company's entire share capital was sold from Lloyds Bank General Insurance Holdings Limited (LBGIH) to Lloyds Bank General Insurance Limited (LBGI) for a cash consideration of £125 million.”
• “On 18 June 2024 Cavendish Online Limited, a wholly owned subsidiary of the Company, authorised and issued 15,000,000,000 Class A Ordinary shares of £0.0001 per share for a consideration of £1.5 million to help support future growth plans.”
• “In January 2025, the First Tier Tribunal concluded in favour of HMRC. The Group believes it has applied the rules correctly and that the claim for group relief is correct. ... Group intends to appeal the decision...”

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

Filings

11

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.3%

  £27,282,000 → £26,936,000

• Cash

  +0.6%

  £40,202,000 → £40,439,000

• Net assets

  -25.9%

  £37,225,000 → £27,583,000

• Employees

  —

  Not reported

• Profit before tax

  -15.9%

  £16,429,000 → £13,817,000

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