ST ANDREW'S INSURANCE PLC

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ST ANDREW'S INSURANCE PLC 1996-01-16 → present
2. SURREY PUBLIC LIMITED COMPANY 1995-09-15 → 1996-01-16

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the Directors conclude that it is appropriate to continue to adopt the going concern basis in preparing the accounts.”

Significant events

• “The Group has an open matter in relation to a claim for group relief of losses incurred in its former Irish banking subsidiary, which ceased trading on 31 December 2010. In 2020, HMRC concluded its enquiry into the matter and issued a closure notice denying the group relief claim. The Group appealed to the First Tier Tax Tribunal. The hearing took place in May 2023. In January 2025, the First Tier Tribunal concluded in favour of HMRC. The Group believes it has applied the rules correctly and that the claim for group relief is correct. Having reviewed the Tribunal's conclusions and having taken appropriate advice the Group has appealed to the Upper Tier Tax Tribunal, and does not consider this to be a case where an additional tax liability will ultimately fall due. If the final determination of the matter by the judicial process is that HMRC's position is correct, management believes that this would result in an increase in the Company's current tax liabilities of approximately £63.9 million (including interest). The appeal has been listed for hearing in March 2027, but final conclusion of the judicial process may not be for several years.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -10.8%

  £9,885,000 → £8,819,000

• Cash

  -4.2%

  £36,540,000 → £35,005,000

• Net assets

  +8%

  £32,126,000 → £34,711,000

• Employees

  —

  Not reported

• Operating profit

  +1,347.6%

  £275,000 → £3,981,000

• Profit before tax

  +14,450%

  -£24,000 → £3,444,000

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