SMITH BILBROUGH & CO. LTD.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SMITH BILBROUGH & CO. LTD. 1992-10-30 → present
2. MATAHARI 469 LIMITED 1992-10-09 → 1992-10-30

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the levels of cash within the business and the ongoing development of its relationship with the EEA intermediary in anticipation of the approval of the change in control by the FCA, the directors are satisfied that the company can continue in operation and fulfil its regulatory responsibilities for a period of no less than 12 months from the date of this report. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. SMITH BILBROUGH & CO. LTD. · parent
   1. Smith Bilbrough European Insurance Brokers Limited 100% · Cyprus

Significant events

• “the company's role as an advisor to one of the P&I Associations formally came to an end in February 2024.”
• “The sale and purchase discussions foundered and ended on 24 September 2024.”
• “The arrangement was terminated prematurely in October 2024 and without notice to the directors.”
• “The directors concluded that the company's business model was no longer sustainable and set in motion a redundancy programme with a view to winding down operations.”
• “The company advised the Financial Conduct Authority (FCA) of the situation on 30 December 2024.”
• “In January 2025 the company's owner was approached by a representative of an EEA-based insurance intermediary with a view to acquiring 100% of the company's share capital.”
• “Terms for the sale and purchase of the company were agreed on 15 May 2025 subject to regulatory approval.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -29.6%

  £1,095,724 → £771,536

• Cash

  -58.1%

  £4,617,109 → £1,933,430

• Net assets

  -23.7%

  £1,459,400 → £1,114,060

• Employees

  0%

  7 → 7

• Operating profit

  -179.2%

  £253,590 → -£200,767

• Profit before tax

  -258.2%

  £190,109 → -£300,782

• Wages

  +5.3%

  £607,828 → £639,795

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