MARKET INSURANCE BROKERS LIMITED

• ⚠

  Material uncertainty over going concern

  On 4 October 2021 following a strategic review by the board of the parent company in view of current and future projected losses, a decision was made to cease to accept new business and the Company was placed into an orderly run-off. Accordingly the Company is no longer a going concern. Whilst this creates significant doubt on the Company's ability to the discharge of its liabilities in the normal course of business, the company benefits from the Parental guarantee from Nest Investment (Holdings) Limited to meet its obligations as they become due during the orderly run-off.

1. MARKET INSURANCE BROKERS LIMITED 1997-04-25 → present
2. MARKET INSURANCE SERVICES (UK) LIMITED 1995-01-01 → 1997-04-25
3. QUANTA INSURANCE SERVICES LIMITED 1993-02-17 → 1995-01-01
4. ESROM 131 LIMITED 1992-07-23 → 1993-02-17

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

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 4 October 2021 following a strategic review by the board of the parent company in view of current and future projected losses, a decision was made to cease to accept new business and the Company was placed into an orderly run-off. Accordingly the Company is no longer a going concern. Whilst this creates significant doubt on the Company's ability to the discharge of its liabilities in the normal course of business, the company benefits from the Parental guarantee from Nest Investment (Holdings) Limited to meet its obligations as they become due during the orderly run-off.”

Significant events

• “Following the year end, the company issued 110,000 ordinary shares of £1 each for consideration of £110,000 to its immediate parent to meet expenses and capital requirements.”
• “On 16 January 2025, the company issued 70,000 ordinary shares of £1 each for consideration of £70,000 to its immediate parent.”
• “On 17 June 2025, the company issued 40,000 ordinary shares of £1 each for consideration of £40,000 to its immediate parent.”

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

Filings

18

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -89.4%

  £21,891 → £2,313

  lowest in 4 filed years

• Cash

  +26.2%

  £628,500 → £793,376

• Net assets

  +15.4%

  £49,451 → £57,049

• Employees

  —

  Not reported

• Operating profit

  +9.1%

  -£113,362 → -£103,002

  highest in 4 filed years

• Profit before tax

  +9.1%

  -£113,331 → -£103,002

  highest in 4 filed years

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