SANTANDER INSURANCE SERVICES UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-15 (in 11mo)
Last made up 2026-04-01
Watchouts
None on the register
Cash
£46M
+6.2% vs 2023
Net assets
-£466M
-1,278.1% vs 2023
Employees
30
0% vs 2023
Profit before tax
-£674M
-27,762.1% vs 2023
Name history
Renamed 2 times since incorporation
- SANTANDER INSURANCE SERVICES UK LIMITED 2006-10-12 → present
- ABBEY NATIONAL PENSION FUNDS (HOLDINGS) LIMITED 1981-12-31 → 2006-10-12
- FURLMONT LIMITED 1980-04-21 → 1981-12-31
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 | £31,049,000 | £30,876,000 | |
| Operating profit | £223,000 | £292,000 | |
| Profit before tax | £2,438,000 | -£674,402,000 | |
| Net profit | £1,865,000 | -£505,938,000 | |
| Cash | £43,639,000 | £46,330,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £39,584,000 | -£466,354,000 | |
| Equity | £39,584,000 | -£466,354,000 | |
| Average employees | 30 | 30 | |
| Wages | £2,653,000 | £2,694,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.7% | 0.9% | |
| Net margin | 6.0% | -1638.6% | |
| Gearing (liabilities / total assets) | 19.9% | 314.8% | |
| Current ratio | 6.12x | 0.32x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the period of 12 months from the date the financial statements are authorised for issue. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.”
Significant events
- “A Court Judgment on 25 July 2025 required the Company to pay £515m plus interest of £162m to AXA France on 15 August 2025. The Company, funded by its parent Banco Santander SA, by way of intercompany loan paid the Judgment debt in full on 15 August 2025.”
- “Subsequently, this loan was recapitalised into ordinary share capital at 30 September 2025.”
- “In October 2025, the Company together with Santander Cards UK Limited (the Santander Entities) obtained permission to appeal the judgment from the Court of Appeal (the Santander Appeal).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 57 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANTANDER SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2012-08-28 | — | — |
| COOKE, Stephen Peter | Director | 2023-10-02 | Jun 1971 | British |
| GALLARDO ALVAREZ, Gustavo | Director | 2025-08-28 | May 1992 | Spanish |
| LIVINGSTON, Stewart Fraser | Director | 2022-02-22 | Oct 1964 | British |
| LONGDEN, Antony Howarth | Director | 2023-10-16 | Apr 1964 | British |
| MORRIS, David Edmund Thomas | Director | 2024-12-16 | Sep 1983 | British |
Show 57 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRYER, Jane Kathryn | Secretary | 1994-10-31 | 1997-02-18 |
| FRYER, Jane Kathryn | Secretary | — | 1994-04-18 |
| HOPGOOD, Jacqueline | Secretary | 1997-02-18 | 1999-02-25 |
| HOPGOOD, Jacqueline | Secretary | 1994-04-18 | 1994-10-31 |
| ABBEY NATIONAL NOMINEES LIMITED | Corporate Secretary | 2008-11-13 | 2012-08-28 |
| ABBEY NATIONAL SECRETARIAT SERVICES LIMITED | Corporate Secretary | 1999-02-25 | 2008-11-13 |
| ABOUKHAIR HURTADO, Jose Rami | Director | 2011-12-22 | 2015-02-23 |
| ADAMSON, William Owen Campbell, Sir | Director | — | 1991-06-30 |
| AL-DABBAGH, Rashad | Director | 2015-03-19 | 2023-09-30 |
| ANGULO RUBIO, David | Director | 2007-01-23 | 2007-09-19 |
| ATTAR-ZADEH, Reza | Director | 2015-05-21 | 2019-03-05 |
| AYUSO, Francisco Del Cura | Director | 2014-08-27 | 2025-06-30 |
| BAYLISS, John | Director | 1995-12-07 | 2004-08-06 |
| BECKWITH, Anthony | Director | 2007-01-23 | 2010-01-12 |
| BIRCH, Peter Gibbs | Director | — | 1998-02-28 |
| BISHOP, Adam Anthony | Director | 2019-10-02 | 2021-10-01 |
| BOSTOCK, Nathan Mark | Director | 2007-11-22 | 2009-06-01 |
| BRAGANCA, Miguel Campos Pereira | Director | 2007-01-23 | 2007-09-19 |
| BURN, Michael Edward | Director | — | 1992-11-02 |
| CAPDEVILA, Joaquin | Director | 2013-06-11 | 2014-02-18 |
| COLES, Shaun Patrick | Director | 2006-09-19 | 2007-01-23 |
| DE LA VEGA, Jorge | Director | 2013-10-16 | 2015-06-16 |
| DONEGAN, Sharon | Director | 1995-12-07 | 1996-02-16 |
| DUNNE, James | Director | 2022-03-17 | 2025-01-31 |
| FORDHAM, Bradley Graham John | Director | 2022-01-01 | 2023-12-12 |
| GREEN, Andrew Paul | Director | 2008-11-13 | 2011-07-18 |
| GREENHILL, Colin Steven | Director | 2011-09-19 | 2014-01-28 |
| HEAP, Michael Arnold | Director | — | 1992-04-27 |
| HICKMAN, Darren James | Director | 2014-01-14 | 2019-10-18 |
| HOGG, Charlotte Mary | Director | 2011-12-22 | 2013-06-28 |
| KELLY, Alexander Wilson | Director | — | 1994-06-01 |
| KING, John | Director | — | 2006-09-19 |
| LOMAS, Paul | Director | 2005-09-27 | 2006-09-19 |
| LORENZO MURADAS, Francisco Javier | Director | 2007-09-19 | 2010-06-17 |
| LOVERING, Roger Vincent | Director | 2008-11-13 | 2011-06-30 |
| MALDONADO TRINCHANT, Javier | Director | 2007-09-19 | 2007-10-31 |
| MARIN, Rafael | Director | 2010-06-17 | 2011-09-12 |
| MARU, Vimlesh | Director | 2010-06-17 | 2011-05-17 |
| MATHEWSON, Alan | Director | 2014-02-28 | 2014-11-24 |
| MOODIE, Jennifer Anne Steven | Director | 2015-06-15 | 2021-11-16 |
| MORAN, Jorge | Director | 2009-11-24 | 2011-03-09 |
| MORAN, Jorge | Director | 2007-01-23 | 2008-11-14 |
| MORRISON, Sara Antoinette Frances Sibell, The Honourable | Director | — | 1995-06-27 |
| MURLEY, Elizabeth Phyllis | Director | 2007-01-23 | 2008-11-13 |
| MURRAY, Norma Mary | Director | — | 1997-04-30 |
| OLAIZOLA, Juan | Director | 2007-01-23 | 2015-06-16 |
| OWEN, Richard | Director | 2022-01-01 | 2023-09-30 |
| RODRIGUEZ, Angel Luis | Director | 2008-11-13 | 2016-06-19 |
| RODRIGUEZ-SOLA, Miguel-Angel | Director | 2009-06-19 | 2011-06-30 |
| SARD, Miguel | Director | 2007-01-23 | 2011-04-18 |
| SARD BAUZA, Miguel | Director | 2017-11-16 | 2020-02-07 |
| SIMMONS, Alison | Director | 2017-05-22 | 2019-01-16 |
| TONER, Charles Gerard | Director | 1992-11-02 | 1999-04-22 |
| TUGENDHAT, Christopher Samuel, Lord | Director | 1991-07-01 | 2002-01-31 |
| VACASSIN, Priscilla Audrey | Director | 2004-08-06 | 2005-09-26 |
| WAKELIN, Angela | Director | 2015-05-29 | 2016-09-30 |
| WRIGHT, Jason Leslie | Director | 2006-09-19 | 2007-01-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Banco Santander, S.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-02 CC04 Statement of companys objects
- 2023-10-18 MA Memorandum articles
- 2023-10-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-15 | AA | accounts | Accounts with accounts type full | |
| 2025-10-02 | SH01 | capital | Capital allotment shares | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-04 | CH01 | officers | Change person director company with change date | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-18 | MA | incorporation | Memorandum articles | |
| 2023-10-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
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
-0.6%
£31,049,000 £30,876,000
-
Cash
+6.2%
£43,639,000 £46,330,000
-
Net assets
-1,278.1%
£39,584,000 -£466,354,000
-
Employees
0%
30 30
-
Operating profit
+30.9%
£223,000 £292,000
-
Profit before tax
-27,762.1%
£2,438,000 -£674,402,000
-
Wages
+1.5%
£2,653,000 £2,694,000
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