ADVISORY INSURANCE BROKERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-29 (in 1mo)
Last made up 2025-06-15
Watchouts
None on the register
Cash
£171M
+3.8% vs 2023
Net assets
£330M
+3,433.1% vs 2023
Employees
3,028
+18.1% vs 2023
Profit before tax
£76M
+43.3% vs 2023
Name history
Renamed 3 times since incorporation
- ADVISORY INSURANCE BROKERS LIMITED 2022-03-22 → present
- TOWERGATE UNDERWRITING GROUP LIMITED 2003-12-31 → 2022-03-22
- MIA GENERAL INSURANCE SERVICE MANAGERS LIMITED 2000-09-19 → 2003-12-31
- BROOMCO (2274) LIMITED 2000-07-31 → 2000-09-19
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 |
|---|---|---|---|
| Turnover | £265,943,000 | £316,222,000 | |
| Operating profit | £53,339,000 | £76,026,000 | |
| Profit before tax | £53,220,000 | £76,239,000 | |
| Net profit | £34,995,000 | £51,387,000 | |
| Cash | £164,484,000 | £170,665,000 | |
| Total assets less current liabilities | £23,045,000 | £343,106,000 | |
| Net assets | £9,342,000 | £330,064,000 | |
| Equity | £9,342,000 | £330,064,000 | |
| Average employees | 2,564 | 3,028 | |
| Wages | £114,362,000 | £141,946,000 |
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 |
|---|---|---|---|
| Operating margin | 20.1% | 24.0% | |
| Net margin | 13.2% | 16.3% | |
| Return on capital employed | 231.5% | 22.2% | |
| Current ratio | 0.71x | 1.16x | |
| Interest cover | 39.02x | 39.70x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte 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 twelve months from the date of approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “On 1 February 2025, the Company received a transfer of trade and assets from P.B. Curran & Co (York) Limited, a fellow Group Company, for a consideration of £22m.”
- “On 1 March 2025, the Company received a transfer of trade and assets from Rollinson Smith and Company Limited, a fellow Group Company, for a consideration of £17m.”
- “On 1 May 2025, the Company received a transfer of trade and assets from R.K. Henshall & Co Limited, a fellow Group Company, for a consideration of £12m.”
- “On 1 May 2025, the Company received a transfer of trade and assets from Oyster Risk Solutions Limited, a fellow Group Company, for a consideration of £31m.”
- “On 1 July 2025, the Company received a transfer of trade and assets from Marionette Facilities Ltd., a fellow Group Company, for a consideration of £10m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 49 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARDONAGH CORPORATE SECRETARY LIMITED | Corporate Secretary | 2022-02-22 | — | — |
| BAYLES, Phil, Mr. | Director | 2026-02-27 | Jan 1967 | British |
| YEANDLE, James | Director | 2024-02-23 | May 1983 | British |
Show 49 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARK, Darryl James | Secretary | 2008-10-01 | 2010-12-03 |
| CLARK, Samuel Thomas Budgen | Secretary | 2011-07-22 | 2013-11-01 |
| CLARKE, Dean | Secretary | 2018-12-11 | 2022-02-22 |
| DYER, Paul Francis | Secretary | 2000-09-14 | 2001-01-23 |
| GOURIET, Geoffrey Costerton | Secretary | 2018-08-03 | 2018-12-11 |
| GOURIET, Geoffrey Costerton | Secretary | 2016-03-16 | 2016-12-20 |
| GREGORY, Jacqueline Anne | Secretary | 2016-12-20 | 2018-08-03 |
| HUNTER, Andrew Stewart | Secretary | 2010-12-03 | 2011-07-22 |
| OWENS, Jennifer | Secretary | 2013-11-25 | 2016-03-01 |
| REDDI, John | Secretary | 2001-01-23 | 2008-10-01 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 2000-07-31 | 2000-09-14 |
| BLANC, Amanda Jayne | Director | 2006-06-01 | 2011-02-14 |
| BROWN, Kevin | Director | 2001-08-17 | 2002-08-16 |
| CARRUTHERS, James Maxwell | Director | 2005-12-01 | 2011-07-07 |
| CLARK, Darryl James | Director | 2008-10-01 | 2010-12-03 |
| COUGILL, Diane | Director | 2019-08-01 | 2019-12-17 |
| CROCKER, Nicholas John David | Director | 2000-09-14 | 2004-02-27 |
| CULLUM, Peter Geoffrey | Director | 2000-09-14 | 2015-04-02 |
| DYER, Paul Francis | Director | 2000-09-14 | 2011-12-06 |
| EGAN, Scott | Director | 2012-04-19 | 2015-09-14 |
| EROTOCRITOU, Antonios | Director | 2017-03-15 | 2019-08-01 |
| HARRISON, Keith Robin | Director | 2001-06-07 | 2004-01-12 |
| HODGES, Mark Steven | Director | 2011-10-25 | 2014-10-17 |
| HOMER, Andrew Charles | Director | 2005-12-01 | 2015-04-02 |
| JOHNSON, Timothy David | Director | 2010-12-16 | 2012-01-01 |
| JOHNSON, Timothy David | Director | 2004-04-13 | 2006-05-26 |
| LYONS, Alastair David | Director | 2015-03-18 | 2015-06-29 |
| MACIVER, Kenneth | Director | 2005-12-01 | 2009-06-29 |
| MUGGE, Mark Stephen | Director | 2015-09-11 | 2018-03-02 |
| NATHAN, Clive Adam | Director | 2006-06-01 | 2014-12-19 |
| PALMER-MINNIS, Nigel Anthony, Mr. | Director | 2020-02-14 | 2021-07-15 |
| PATRICK, Ian William James | Director | 2006-07-01 | 2012-03-31 |
| PHILIP, Timothy Duncan | Director | 2005-12-01 | 2012-06-30 |
| PROVERBS, Antony | Director | 2000-09-14 | 2011-12-06 |
| REA, Michael Peter | Director | 2012-01-01 | 2014-12-19 |
| REDDI, John | Director | 2004-03-17 | 2008-10-01 |
| ROSS, David Christopher | Director | 2016-12-20 | 2019-12-17 |
| SIMS, Melvyn Stanley James | Director | 2005-12-01 | 2011-12-06 |
| SNOWBALL, Patrick Joseph Robert | Director | 2007-07-02 | 2008-06-02 |
| STRACHAN, James | Director | 2012-01-01 | 2014-11-30 |
| THELWELL, Joseph | Director | 2020-02-14 | 2022-03-01 |
| TORRANCE, David Winton Watt | Director | 2004-03-17 | 2010-02-03 |
| TUPLIN, Richard | Director | 2022-05-19 | 2025-12-03 |
| WALKER, Jonathan Paul | Director | 2010-12-16 | 2012-06-30 |
| WALLACE, Kenneth John | Director | 2005-12-01 | 2010-12-03 |
| WILLIAMS, Huw Scott | Director | 2019-12-17 | 2024-02-23 |
| WORRELL, Robert Laurence | Director | 2019-12-17 | 2024-02-23 |
| DLA NOMINEES LIMITED | Corporate Nominee Director | 2000-07-31 | 2000-09-14 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2000-07-31 | 2000-09-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ardonagh Advisory Broking Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-06 | Active |
| Towergate Insurance Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-03-06 |
Filing timeline
Last 20 of 292 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-18 MA Memorandum articles
- 2023-10-18 RESOLUTIONS Resolution
- 2022-10-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | RP04TM01 | officers | Second filing of director termination with name | |
| 2026-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-06 | SH01 | capital | Capital allotment shares | |
| 2024-05-16 | CH01 | officers | Change person director company with change date | |
| 2024-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-18 | MA | incorporation | Memorandum articles | |
| 2023-10-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-20 | AA | accounts | Accounts with accounts type full | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-25 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-10-21 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 1
- 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
-
Turnover
+18.9%
£265,943,000 £316,222,000
-
Cash
+3.8%
£164,484,000 £170,665,000
-
Net assets
+3,433.1%
£9,342,000 £330,064,000
-
Employees
+18.1%
2,564 3,028
-
Operating profit
+42.5%
£53,339,000 £76,026,000
-
Profit before tax
+43.3%
£53,220,000 £76,239,000
-
Wages
+24.1%
£114,362,000 £141,946,000
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