UINSURE LIMITED

Company number

06046870

Status

Active

Incorporation

2007-01-10

Last accounts made up

2025-01-31

Account category

FULL

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The accounts have been prepared on a going concern basis. During 2024, the market continued to experience the impact of the cost-of-living crisis and elevated Bank of England base rates. Despite the macroeconomic challenges, the Group achieved continued growth in its overall user base during the year ended 31 January 2025. This growth translated into increased revenues and sustainable EBITDA, which in turn contributed to a reduction in net debt, lower financial gearing, improved liquidity, and higher levels of free cash flow. As the Group operates solely within the UK and provides a product that does not rely on international supply chains, it continues not to be materially affected by the ongoing impacts of Brexit-related changes or geopolitical events such as the war in Ukraine. The Board has assessed the future performance and cashflow generation over the next 5 years, including sensitivity analyses related to solvency, debt servicing capacity, and covenant compliance. Based on these assessments, the Board has concluded that the Group remains well-positioned to meet its obligations and to continue operating as a going concern for the foreseeable future.”

Significant events

• “On 25th January 2024 a corporate restructure was undertaken, with the entire share capital of the Group, including the Company, being acquired by Project Bridgetown Limited (PBL) for an undisclosed fee, satisfied by a combination of cash consideration and the issue of equity in PBL.”
• “Coterminous with the restructure, the Group also completed a refinance of its debt facilities, repaying in full the existing facilities with Beechbrook LLP and Santander UK PLC, and entering into a new bank club facility with HSBC and Santander UK PLC, totalling £31.5m, with interest costs being incurred at a margin over SONIA of 4.2% on an annual blended basis, with quarterly payment cycles. The facility is also subject to quarterly capital repayments of c£370k, with the first repayment being made in January 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