COLLINGWOOD BUSINESS SOLUTIONS LIMITED

1. COLLINGWOOD BUSINESS SOLUTIONS LIMITED 2007-06-13 → present
2. COLLINGWOOD ADMINISTRATIVE SERVICES (U.K.) LIMITED 2007-04-30 → 2007-06-13
3. EASYPAY BUSINESS SOLUTIONS LIMITED 2004-09-07 → 2007-04-30
4. EASYPAY INSURANCE SERVICES LIMITED 1996-08-16 → 2004-09-07

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group continues to forecast and deliver positive trading results and therefore, whilst there is uncertainty therefore over the final loan repayment, the directors do not consider this to constitute a material uncertainty which would cast significant doubt on the group and this company's ability to continue as a going concern as in such an event, a further facility amendment would be sought from the lender and the directors have reasonable certainty that this would be granted based on a history of such extensions, a significant reduction in the outstanding balance since the previous extension and continuing covenant compliance with substantial headroom and limited leverage in the company.”

Group structure

1. COLLINGWOOD BUSINESS SOLUTIONS LIMITED · parent
   1. Accident Hotline Limited 100% · United Kingdom · Insurance intermediary
   2. Collingwood Insurance Services (U.K.) Limited 100% · United Kingdom · Insurance intermediary

Significant events

• “Turnover increased from £3,870,189 to £4,346,390.”
• “Administrative expenses decreased by 8% which was mainly due to decrease in sundry expenses and restructuring costs.”
• “Net assets of the company have increased from £6,089,991 to £9,202,804.”
• “Dividends of £8,500,000 received from the subsidiary company, Collingwood Insurance Services (U.K.) Limited.”
• “Dividends of £4,250,000 paid to the parent company, Horatio Holdings Limited.”
• “The insurance industry is expected to perform well in the coming years driven by increases in premium prices as insurers look to rebuild their capital strength after years of poor performance eroding their reserves.”
• “In the coming year the company expects to deal with an increased volume on behalf of its clients.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +12.3%

  £3,870,189 → £4,346,390

• Cash

  -71.6%

  £378,012 → £107,229

• Net assets

  +51.1%

  £6,089,991 → £9,202,804

• Employees

  +3.8%

  80 → 83

• Operating profit

  +47.2%

  -£1,981,329 → -£1,046,181

• Profit before tax

  +37.1%

  £5,441,176 → £7,462,313

• Wages

  +0.9%

  £2,852,490 → £2,879,510

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