GLOBAL INSURANCE MANAGEMENT LTD

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KNAV Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“We draw attention to Note 2 in the financial statements, which indicates that the company incurred a net loss of GBP 823,984 for the 15-month period ended March 2024 and has negative operating cash flows. Additionally, following the Financial Conduct Authority's (FCA) regulatory intervention in February 2024, the sale of Guaranteed Asset Protection (GAP) insurance products, which previously accounted for a significant portion of the company's business. This regulatory intervention has significantly impacted the future revenue and operational performance of the company.”

Group structure

1. GLOBAL INSURANCE MANAGEMENT LTD · parent
   1. A1 Guarantee Limited 100% · England · handling of dealer warranty policies

Significant events

• “significant client-related developments and external regulatory factors. The onboarding of activity from a major client and concurrently, the withdrawal of a key client from the market reduced revenue and operational momentum. The challenges were further exacerbated by the Financial Conduct Authority's (FCA) decision in February 2024 to suspend Guaranteed Asset Protection (GAP) insurance activity in the UK.”
• “company has responded by carrying out a major restructure and cost saving exercise, including the off shoring of some activities to India.”
• “The company has offered its IT office in Droitwich for sale which will help generate additional cashflow and reduce running costs further.”
• “After the reporting date, the company undertook restructuring activities aimed at improving future cash flows and enhance operational efficiency. These include a reduction in headcount by approximately 50% and the decision to consolidate its office space and relocate to new premises. The previously owned IT Office located in Droitwich has been placed on the market for sale.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +373.8%

  £2,828,732 → £13,403,738

• Cash

  -48.3%

  £13,261,421 → £6,861,605

• Net assets

  -80.1%

  £2,432,364 → £484,681

• Employees

  +7.7%

  52 → 56

• Operating profit

  -48.2%

  -£1,367,615 → -£2,026,765

• Profit before tax

  +33.5%

  -£1,239,824 → -£823,984

• Wages

  +27.4%

  £2,391,934 → £3,046,459

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