BGL DIRECT LIFE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£1M
-71.5% vs 2023
Net assets
£196K
-12.1% vs 2023
Employees
83
+6.4% vs 2023
Profit before tax
£153K
+106.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company ceased trading in November 2024, therefore the Directors have prepared the financial statements on a basis other than going concern. The effect of this is explained in note 1. It is the intention of the Directors to wind-up the Company.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £13,417,000 | £3,167,000 | |
| Operating profit | -£2,524,000 | £68,000 | |
| Profit before tax | -£2,399,000 | £153,000 | |
| Net profit | -£2,570,000 | -£27,000 | |
| Cash | £3,559,000 | £1,016,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £223,000 | £196,000 | |
| Equity | £223,000 | £196,000 | |
| Average employees | 78 | 83 | |
| Wages | £4,717,000 | £2,321,000 |
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 | -18.8% | 2.1% | |
| Net margin | -19.2% | -0.9% | |
| Gearing (liabilities / total assets) | 99.3% | 98.7% | |
| Current ratio | 1.03x | 1.01x | |
| Interest cover | -631.00x | 34.00x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Material uncertainty disclosed
“The Company ceased trading in November 2024, therefore the Directors have prepared the financial statements on a basis other than going concern. The effect of this is explained in note 1. It is the intention of the Directors to wind-up the Company.”
Significant events
- “In September 2023 the Company ceased the intermediation of new external business but commenced the provision of services to Family Assurance Friendly Society (FAFS) as it became the insurer behind the Beagle Street (and associated) brand.”
- “in November 2024 the administration of polices, along with all related assets, was transferred to a fellow Group member, OneFamily Advice Limited (OFA).”
- “Employees of the Company were transferred to its parent company, FAFS with effect from 1 January 2025.”
- “During the reporting period, the company ceased trading and transferred its business and related assets and liabilities to OneFamily Advice Limited (OFA) and Family Assurance Friendly Society Limited (FAFS) as part of its winding down procedure, leaving an intercompany receivable, an intercompany payable and cash and cash equivalents.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREEN, Josie | Secretary | 2023-11-01 | — | — |
| HERZ, Philippa Jane | Director | 2023-04-05 | Aug 1968 | British |
| ISLAM, Jamshaid | Director | 2023-05-22 | Feb 1975 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLFORD, Simon | Secretary | 2022-11-30 | 2023-10-31 |
| BROWN, Julian Charles | Secretary | 2018-02-14 | 2021-09-30 |
| HOBLEY, Elizabeth Anne | Secretary | 2021-10-01 | 2022-04-29 |
| PAYNE, Christopher James | Secretary | 2022-04-29 | 2022-11-30 |
| SIMMS, Ronald Fitzgerald | Secretary | 2015-09-23 | 2016-10-20 |
| WATERS, Paul | Secretary | 2016-10-20 | 2018-02-14 |
| WRIGHT, Neville Eric | Secretary | 2013-02-11 | 2015-09-23 |
| BAILIE, Mark Mccracken | Director | 2020-09-01 | 2021-07-01 |
| CHUNG, Katherine Hae-Eun | Director | 2021-07-01 | 2022-04-29 |
| COLLINGS, Christopher Thomas | Director | 2022-04-29 | 2022-11-30 |
| DESPAS, Gilles | Director | 2017-12-01 | 2018-10-31 |
| DONALDSON, Matthew Oliver | Director | 2022-04-29 | 2022-11-30 |
| DONALDSON, Matthew Oliver | Director | 2013-07-01 | 2019-10-14 |
| ENGLAND, Michael James Peter | Director | 2022-04-29 | 2022-11-30 |
| FINCH, Duncan Alistair, Mr | Director | 2017-12-01 | 2022-04-29 |
| HIND, Melanie Elizabeth | Director | 2023-04-03 | 2023-12-29 |
| HOSKINS, Richard | Director | 2021-07-01 | 2022-04-29 |
| JACKSON, Patricia Doreen | Director | 2021-07-01 | 2022-01-31 |
| KEATING, Seamus Declan | Director | 2017-12-01 | 2021-12-01 |
| LEECH, Ian Robert | Director | 2021-07-01 | 2022-04-29 |
| LEECH, Ian Robert | Director | 2011-10-14 | 2013-06-30 |
| LENMAN, Alasdair Bruce | Director | 2013-07-01 | 2015-12-31 |
| LINDSAY, Graham John | Director | 2023-05-22 | 2023-12-29 |
| NYAHASHA, Shingirai Thaddeus | Director | 2023-04-03 | 2023-11-30 |
| PLATT, Dominic James | Director | 2016-10-26 | 2022-04-29 |
| REGAN, Michael Robert | Director | 2022-04-29 | 2022-06-14 |
| REGAN, Michael Robert | Director | 2019-10-14 | 2021-07-01 |
| ROSE, Alistair | Director | 2022-11-30 | 2024-05-31 |
| SHAKED, Golan | Director | 2019-07-19 | 2022-04-29 |
| SPENCER, Kevin Ronald | Director | 2022-06-18 | 2022-11-30 |
| THOMPSON, Peter | Director | 2017-12-01 | 2022-11-30 |
| WINSLOW, Peter Anthony | Director | 2011-10-14 | 2013-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Family Assurance Friendly Society Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-01 | Active |
| Bisl Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-06-30 | Ceased 2022-11-30 |
Filing timeline
Last 20 of 124 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-14 | GUARANTEE2 | other | Legacy | |
| 2025-10-14 | PARENT_ACC | accounts | Legacy | |
| 2025-10-14 | AGREEMENT2 | other | Legacy | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | CH01 | officers | Change person director company with change date | |
| 2025-07-11 | CH01 | officers | Change person director company with change date | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-10-16 | SH20 | capital | Legacy | |
| 2024-10-16 | CAP-SS | insolvency | Legacy | |
| 2024-10-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-12-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-14 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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
-76.4%
£13,417,000 £3,167,000
-
Cash
-71.5%
£3,559,000 £1,016,000
-
Net assets
-12.1%
£223,000 £196,000
-
Employees
+6.4%
78 83
-
Operating profit
+102.7%
-£2,524,000 £68,000
-
Profit before tax
+106.4%
-£2,399,000 £153,000
-
Wages
-50.8%
£4,717,000 £2,321,000
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