FINANCIAL & LEGAL INSURANCE COMPANY LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£10M
+47.1% vs 2023
Employees
35
0% vs 2023
Profit before tax
£6M
+157% vs 2023
Name history
Renamed 1 time since incorporation
- FINANCIAL & LEGAL INSURANCE COMPANY LTD 2005-12-23 → present
- MAGNUS INSURANCE COMPANY LIMITED 1995-03-17 → 2005-12-23
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 |
|---|---|---|---|
| Gross written premiums | £34,005,385 | £40,212,873 | |
| Net earned premiums | £46,624,867 | £29,286,450 | |
| Claims incurred | £5,705,060 | £10,471,989 | |
| Investment return | £857,148 | £1,865,559 | |
| Profit before tax | £2,213,804 | £5,689,930 | |
| Net profit | £1,722,090 | £4,124,319 | |
| Insurance contract liabilities | £32,367,174 | £51,630,160 | |
| Total assets | £47,137,187 | £74,462,183 | |
| Total liabilities | £40,184,434 | £64,235,111 | |
| Equity | £6,952,753 | £10,227,072 | |
| Average employees | 35 | 35 |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 85.2% | 86.3% |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn 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 a period of at least 12 months from the date of approval of the financial statements.”
Significant events
- “In February 2024, the Company was contacted by the FCA regarding its sales of GAP insurance, leading to a brief suspension of sales before recommencing via direct distribution channels in May 2024.”
- “Up until May 2024, the Company's IT network was managed by an external third party who experienced a cyber-attack in November 2023. A full migration of services to Microsoft Azure was completed in May 2024.”
- “The outcome of a Supreme Court three day hearing held in April 2025, due to be handed down in August 2025, may impact the profitability of a significant element of the upfront ATE book, with most cases stayed pending judgment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GARNER, Serena Angela | Secretary | 2014-04-01 | — | — |
| BEALES, Karen Anne | Director | 2021-04-01 | Mar 1968 | British |
| DANIELS, Jonathan Scott | Director | 2023-08-01 | Jul 1975 | British |
| GARNER, Nicholas David | Director | 2006-01-01 | Sep 1978 | English |
| HUGHES, Anthony Scott | Director | 2015-07-01 | Dec 1967 | British |
| PARKES, Elaine Valerie | Director | 2024-09-01 | Mar 1966 | British |
| POPE, Anthony James | Director | 2020-09-01 | Mar 1971 | British |
| ROSS, David Anthony | Director | 2021-03-01 | Jul 1963 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GARNER, Nicholas David | Secretary | 2006-01-01 | 2014-04-01 |
| GARNER, Susan Mary | Secretary | 1995-03-17 | 2006-01-01 |
| BALDWIN, Susan Margaret | Director | 2016-06-01 | 2020-08-31 |
| BLAIN, Natalie Jane | Director | 2009-07-01 | 2011-02-16 |
| COOKSON, Peter John | Director | 2011-02-22 | 2015-07-31 |
| DAVIES, Philip Hulme | Director | 1995-03-17 | 2005-04-30 |
| GARNER, David | Director | 1995-03-17 | 2015-12-22 |
| GARNER, Susan Mary | Director | 1995-03-17 | 2007-01-01 |
| GIBSON, Colin John | Director | 2019-05-13 | 2026-04-30 |
| HOBIN, Pauline | Director | 2011-02-16 | 2013-03-31 |
| HOBIN, Pauline | Director | 1999-01-28 | 2009-01-01 |
| HORAN, Martin | Director | 2008-04-01 | 2009-11-16 |
| KNIGHTON, Pamela | Director | 1995-03-17 | 1998-11-23 |
| LARWOOD, David Ronald | Director | 1995-03-17 | 2001-06-30 |
| THAKRAR, Deven | Director | 2019-05-13 | 2022-05-31 |
| TIMMONS, Michael Francis | Director | 2013-04-01 | 2020-03-27 |
| WARBURTON, Mark Charles | Director | 2005-07-01 | 2007-08-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nicholas David Garner | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-12 RESOLUTIONS Resolution
- 2023-05-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-06 | CH01 | officers | Change person director company with change date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-01 | SH06 | capital | Capital cancellation shares | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-17 | SH01 | capital | Capital allotment shares | |
| 2023-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-12 | MA | incorporation | Memorandum articles | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-06-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- Officers appointed
- 0
- 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
-
Gross written premiums
+18.3%
£34,005,385 £40,212,873
-
Net earned premiums
-37.2%
£46,624,867 £29,286,450
-
Profit before tax
+157%
£2,213,804 £5,689,930
-
Equity
+47.1%
£6,952,753 £10,227,072
-
Claims incurred
+83.6%
£5,705,060 £10,471,989
-
Insurance contract liabilities
+59.5%
£32,367,174 £51,630,160
-
Investment return
+117.6%
£857,148 £1,865,559
-
Employees
0%
35 35
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