ABLE INSURANCE SERVICES LIMITED

1. ABLE INSURANCE SERVICES LIMITED 1994-05-09 → present
2. MINMAR (248) LIMITED 1994-01-21 → 1994-05-09

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on this consideration, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors have reached this conclusion giving due consideration to the projected future performance of the Company and any potential risks that might impact the Company's liquidity and solvency arising from rising inflation and interest rates. The Directors have also considered managements intentions for the businesses, and the availability of sufficient funding moving forwards in order to support the business.”

Group structure

1. ABLE INSURANCE SERVICES LIMITED · parent
   1. Pioneer Intermediary Europe Services (PIES) 100% · France · intermediary services

Significant events

• “£5m capital injection received from parent undertaking, Admiral Group plc, bringing share capital to £19,001,000 (2023: £14,001,000) (May 2024).”
• “PDB Zeidler appointed as a director on 23 April 2024.”
• “Formed a partnership with fleet-focused insurer Flock; this collaboration will help Admiral Pioneer gain insights into the fleet market and learn from Flock's technology (June 2024).”
• “Able invested £3,000,001 into Flock Limited in September 2024 in return for shares. The investment has been recorded as an Equity Investment at Fair Value through Other Comprehensive Income.”

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

2

last 24 months

Officers appointed

2

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

  +532.6%

  £3,685 → £23,311

• Cash

  -39.9%

  £13,363,059 → £8,036,738

• Net assets

  +35.9%

  £5,871,006 → £7,979,126

• Employees

  +2.7%

  146 → 150

• Operating profit

  +26.8%

  -£5,578,823 → -£4,081,664

• Profit before tax

  +33.6%

  -£5,440,281 → -£3,612,206

• Wages

  +10.8%

  £7,837,254 → £8,687,122

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