RIGHT CHOICE INSURANCE BROKERS LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the date of these financial statements, the financial forecasts prepared indicate that the Company will be able to maintain liquidity therefore be able to continue to trade as a going concern.”

Group structure

1. RIGHT CHOICE INSURANCE BROKERS LIMITED · parent
   1. Bike Devil Limited 100% · England and Wales · Dormant company
   2. Digilog UK Limited 22.8% · England and Wales · Software development

Significant events

• “On 6 May 2021, the Company received a formal writ of claim from the trustee in bankruptcy of Alpha Insurance A/S ("Alpha"), a company incorporated in Denmark, for an amount of £615,541... The directors of the Company are rigorously defending the claim which they consider is without merit, and also contrary to a settlement agreement dated 24 September 2018... In addition, the directors have also prepared a counterclaim against the trustee in respect of profit commission which the directors consider is due to the Company.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -37.2%

  £19,654,000 → £12,347,000

• Cash

  -83.3%

  £6,931,000 → £1,156,000

• Net assets

  -29.3%

  £15,777,000 → £11,154,000

• Employees

  -13.3%

  166 → 144

• Operating profit

  -523.7%

  £545,000 → -£2,309,000

• Profit before tax

  -423.7%

  £699,000 → -£2,263,000

• Wages

  -9.2%

  £5,660,000 → £5,141,000

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