UK Companies House feature
AUTOPROTECT (MBI) LTD
Cash
£13M
-23.3% vs 2023
Net assets
£2M
-77% vs 2023
Employees
146
-2% vs 2023
Profit before tax
-£5M
-540.4% vs 2023
Profile
- Company number
- 05089293
- Status
- Active
- Incorporation
- 2004-03-31
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 66220
- Hubs
- UK Fintech
Net assets
6-year trend · vs UK Fintech median
AUTOPROTECT (MBI) LTD
AUTOPROTECT (MBI) LTD
AUTOPROTECT (MBI) LTD
AUTOPROTECT (MBI) LTD
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £23,160,726 | — | — | — | — | |
| Operating profit | — | £2,035,838 | — | — | — | — | |
| Profit before tax | — | £1,941,575 | £2,146,297 | -£734,050 | -£801,130 | -£5,130,435 | |
| Net profit | — | £1,561,647 | — | -£191,011 | -£878,952 | -£5,111,302 | |
| Cash | £14,118,646 | £32,626,040 | £19,195,409 | £20,584,864 | £16,816,224 | £12,905,926 | |
| Total assets less current liabilities | £8,461,400 | £9,922,553 | £11,659,949 | £11,334,634 | £10,451,563 | £9,156,359 | |
| Net assets | £4,431,081 | £5,992,728 | £7,707,243 | £7,516,232 | £6,637,280 | £1,525,978 | |
| Equity | £4,431,081 | £5,992,728 | £7,707,243 | £7,516,232 | £6,637,280 | £1,525,978 | |
| Average employees | 134 | 123 | 128 | 137 | 149 | 146 | |
| Wages | £5,233,314 | £6,606,613 | £7,542,185 | £8,260,973 | £8,636,349 | £8,426,472 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Bright Grahame Murray
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors therefore consider the company to be a going concern for at least 12 months after the approval of the financial statements.”
Subsidiaries
- Autoprotect Administration Limited · 100% held · England & Wales · Claims management
- Autoprotect Polska · 100% held · Poland · Sale of car warranties
- iComply Online Limited · 100% held · England & Wales · Management Consultancy
- MR Automotive · 54% held · England & Wales · Dormant
Significant events
- “In February 2024, following actions by the FCA, insurance providers agreed to suspend the sales of Guaranteed Asset Protection ("GAP") Insurance in the UK. This resulted in the company being unable to provide GAP insurance products to its customers via its third-party dealers and direct to consumers, which had a material impact on the company turnover and operating margins for the year.”
- “During October 2024, the Company obtained capacity from one of their Insurance Providers to distribute GAP through digital channels, which is mostly directly to consumers. Post year-end, the Company obtained further capacity to recommence the distribution of GAP through its third-party dealers.”
- “The company received additional funding during the year via its parent company to mitigate the effects mentioned above, with access to additional support forthcoming should this be required.”
- “Post year-end, the Company commenced a restructuring exercise of shareholder loans. This initiative is expected to strengthen the balance sheet of the Company, improving overall financial resilience and flexibility, The restructuring process is ongoing, and the Board anticipates that the transactions will be concluded before the end of the next financial year, being 31 December 2025.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
8 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| UYS, Sanet | Secretary | 2023-03-03 | — | — |
| CHARD, David Adrian | Director | 2023-03-30 | Feb 1978 | British,South African |
| EDWARDS, Michael Alexander | Director | 2022-06-30 | Mar 1985 | British |
| MOORE, Ben | Director | 2022-06-30 | Sep 1976 | British |
| NIEMAN, Graeme | Director | 2019-01-03 | Dec 1985 | Dutch |
| ROTHWELL, Andrew Mark | Director | 2022-06-30 | Mar 1972 | British |
| THERON, Samuel Shaer | Director | 2025-10-30 | Jul 1994 | South African |
| UYS, Sanet | Director | 2021-11-24 | Dec 1974 | South African |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHANDARANA, Prakash | Secretary | 2005-03-11 | 2018-11-07 |
| MANAKTALA, Nisha | Secretary | 2019-01-03 | 2019-11-29 |
| MCLAUGHLIN, Kinga Alicja | Secretary | 2004-03-31 | 2004-04-21 |
| OLLIVER, Daniel | Secretary | 2020-10-31 | 2023-03-03 |
| SMITH, Roderick Mckenzie | Secretary | 2004-04-21 | 2005-03-11 |
| WARD, Philip Aiden | Secretary | 2019-11-29 | 2020-10-31 |
| BARRY, Michael Edward | Director | 2012-06-08 | 2013-01-31 |
| BEAUMONT, William Paul | Director | 2017-12-19 | 2020-02-28 |
| BRIGGS, Matthew John | Director | 2020-09-01 | 2022-05-11 |
| CHANDARANA, Prakash | Director | 2013-12-03 | 2018-11-07 |
| GOLDBERG, Arthur Howard | Director | 2006-05-19 | 2011-06-15 |
| HARRADINE, John | Director | 2013-12-03 | 2018-08-07 |
| HEAD, Peter Alfred | Director | 2006-05-19 | 2007-05-17 |
| KNIGHT, Phillip | Director | 2008-11-04 | 2011-09-30 |
| LACEY, Ernest Frank | Director | 2004-03-31 | 2018-11-07 |
| MARX, Johannes Jacobus | Director | 2006-05-19 | 2012-02-01 |
| MCPHEE, Alexander David | Director | 2004-04-21 | 2005-03-11 |
| MCVEIGH, Michael | Director | 2019-01-03 | 2025-05-12 |
| RICHARDS, Andrew Robert | Director | 2006-05-19 | 2008-02-29 |
| SHAPIRO, David Alan | Director | 2008-11-21 | 2018-11-07 |
| SHAPIRO, David Alan | Director | 2006-05-19 | 2008-10-23 |
| SMITH, Roderick Mckenzie | Director | 2004-04-21 | 2005-03-11 |
| WAKE, Nicholas | Director | 2006-05-19 | 2018-11-07 |
| WARD, Philip Aiden | Director | 2019-06-25 | 2020-10-31 |
| WILLIAMS, Tara | Director | 2020-03-18 | 2023-10-31 |
| CRP D2 LIMITED | Corporate Director | 2012-02-01 | 2019-01-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Autoprotect Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-19 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-04-01 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-11-13 | AP01 | officers | appoint person director company with name date |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-05-27 | TM01 | officers | termination director company with name termination date |
| 2025-05-27 | CH01 | officers | change person director company with change date |
| 2025-05-27 | CH01 | officers | change person director company with change date |
| 2025-04-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-27 | AA | accounts | accounts with accounts type full |
| 2024-04-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-31 | TM01 | officers | termination director company with name termination date |
| 2023-09-29 | AA | accounts | accounts with accounts type full |
| 2023-05-10 | AP01 | officers | appoint person director company with name date |
| 2023-04-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-03 | AP03 | officers | appoint person secretary company with name date |
| 2023-03-03 | TM02 | officers | termination secretary company with name termination date |
| 2023-01-31 | MR04 | mortgage | mortgage satisfy charge full |
| 2022-07-13 | AP01 | officers | appoint person director company with name date |
| 2022-07-13 | AP01 | officers | appoint person director company with name date |
| 2022-07-13 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
0.75
DISTRESS
Altman Z″
- Working capital / Total assets 0.257 × 6.56 = +1.69
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.147 × 6.72 = -0.99
- Book equity / Total liabilities 0.049 × 1.05 = +0.05
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.