AUTOPROTECT (MBI) LTD

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

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.”

Group structure

1. AUTOPROTECT (MBI) LTD · parent
   1. Autoprotect Administration Limited 100% · England & Wales · Claims management
   2. Autoprotect Polska 100% · Poland · Sale of car warranties
   3. iComply Online Limited 100% · England & Wales · Management Consultancy
   4. MR Automotive 54% · 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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  -23.3%

  £16,816,224 → £12,905,926

  lowest in 6 filed years

• Net assets

  -77%

  £6,637,280 → £1,525,978

  lowest in 6 filed years

• Employees

  -2%

  149 → 146

• Profit before tax

  -540.4%

  -£801,130 → -£5,130,435

  lowest in 5 filed years

• Wages

  -2.4%

  £8,636,349 → £8,426,472

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