KEY TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-23 (in 7mo)
Last made up 2025-12-09
Watchouts
None on the register
Cash
£12M
-26.4% vs 2023
Net assets
-£49M
-8.2% vs 2023
Employees
110
-32.1% vs 2023
Profit before tax
-£3M
+74.8% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £36,340,000 | £40,610,000 | |
| Operating profit | -£2,476,000 | £7,501,000 | |
| Profit before tax | -£12,508,000 | -£3,146,000 | |
| Net profit | -£11,072,000 | -£3,693,000 | |
| Cash | £16,903,000 | £12,447,000 | |
| Total assets less current liabilities | £45,779,000 | £53,338,000 | |
| Net assets | -£45,071,000 | -£48,764,000 | |
| Equity | -£45,071,000 | -£48,764,000 | |
| Average employees | 162 | 110 | |
| Wages | £8,135,000 | £5,114,000 |
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 | -6.8% | 18.5% | |
| Net margin | -30.5% | -9.1% | |
| Return on capital employed | -5.4% | 14.1% | |
| Gearing (liabilities / total assets) | 165.8% | 168.3% | |
| Current ratio | 0.96x | 1.75x | |
| Interest cover | -0.24x | 0.66x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis the Directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- KEY TOPCO LIMITED · parent
- Key Midco Limited 100%
- Dayinsure.com Limited 100%
- Key Claims and Administration Services Limited 100%
- Abacai Technologies Limited 100%
- Dayinsure Holdco Limited 100%
- Key Bidco Limited 100%
- Complete Cover Group Limited 100%
- Hyperformance Limited 100%
- Insure Your Motor Limited 100%
- The A & A Group Limited 100%
- Mulsanne Holdings (Gibraltar) Limited
- Mulsanne Insurance Company Limited
- Everydayinsure Limited 100%
Significant events
- “On 11 October 2024, the Group transferred its entire shareholdings in Mulsanne Holdings (Gibraltar) Limited, Mulsanne Insurance Company Limited and Key Claims and Administration Services Limited. The transaction was between entities under common control and did not result in a change in the ultimate ownership of the subsidiaries.”
- “Complete Cover Group Limited sold it's entire shareholding in Mulsanne Holdings (Gibraltar) Limited on 11 October 2024 to a company under common control.”
- “On 11 October 2024, Key Topco Limited also disposed of it's entire shareholding in Key Claims and Administration Services Limited to a company under common control.”
- “On 10 November 2024, Key Topco Limited purchased the remaining 49% shareholding in Abacai Technologies Limited.”
- “On 1 November 2024, Key Topco Limited completed a share for share issue where it transferred it's entire shareholding in Dayinsure.com Limited to Dayinsure Holdco Limited (previously Abacai Investment Management Limited) in exchange for shares in the latter company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPENCER CHURCHILL, Edward Albert Charles, Lord | Director | 2020-07-21 | Aug 1974 | British |
| WARRE, Caspar Alexis Mackintosh | Director | 2025-06-26 | Aug 1974 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Anthony Dennis Martin | Director | 2012-03-22 | 2017-09-27 |
| ANDERSON, James | Director | 2013-04-24 | 2014-05-30 |
| BECKETT, Sharon Patricia | Director | 2015-05-06 | 2018-03-19 |
| BENCE, Russell James | Director | 2020-07-21 | 2021-06-30 |
| BOWN, Barry | Director | 2023-12-14 | 2025-06-26 |
| BROWN, Alan David Cumming | Director | 2020-07-21 | 2021-03-31 |
| BURTON, Paul Eric Jonathon | Director | 2014-09-02 | 2015-01-21 |
| CHIPPENDALE, Ian Hugh | Director | 2012-03-22 | 2014-06-30 |
| CLEVERLEY, David John Michael | Director | 2013-12-20 | 2015-07-21 |
| CUMMING, James Richard Hastie | Director | 2014-06-12 | 2020-05-31 |
| DARLING, Angela Margaret | Director | 2017-10-31 | 2022-04-15 |
| DELANEY, Stephen | Director | 2012-01-20 | 2014-08-14 |
| ELLIOTT, Derek James | Director | 2014-05-27 | 2018-12-13 |
| FENNER-EVANS, Ian Michael | Director | 2015-05-06 | 2017-06-16 |
| FINDLAY, Kevin William John | Director | 2016-01-01 | 2017-02-06 |
| HARLOW, David George | Director | 2012-03-22 | 2013-12-31 |
| HAY, James John | Director | 2022-04-14 | 2023-01-09 |
| HOOPER, Shaun Ian | Director | 2017-05-01 | 2022-07-14 |
| HURLEY, Martyn David | Director | 2015-05-06 | 2017-08-23 |
| KAYE, Jonathan Russell | Director | 2011-12-14 | 2014-05-27 |
| MAYNARD, Alan David | Director | 2018-05-09 | 2020-01-24 |
| MCCAULEY, Darren John | Director | 2017-10-31 | 2022-09-15 |
| MCPHERSON, Steven Robert | Director | 2012-03-22 | 2013-03-28 |
| OLIVER, David Martin | Director | 2012-07-05 | 2014-05-29 |
| PRICE, Colin Neil | Director | 2022-04-14 | 2023-01-09 |
| SUTHERLAND, Ian Ronald | Director | 2020-07-21 | 2022-09-29 |
| TABERNER, Robert John | Director | 2012-03-22 | 2014-02-28 |
| WARRE, Caspar Alexis Mackintosh | Director | 2020-07-21 | 2023-12-14 |
| WILSON, Mark Andrew | Director | 2022-04-14 | 2023-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Edward Spencer-Churchill | Individual | Shares 75–100% | 2020-01-24 | Active |
| Darwin General Partner 1 Limited | Corporate entity | significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2020-01-24 |
| Darwin Private Equity Llp | Corporate entity | Voting 25–50%, Appoints directors, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2020-01-24 |
| Mr Anthony Dennis Martin Allen | Individual | Significant influence | 2016-04-06 | Ceased 2017-09-29 |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-05-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | AA | accounts | Accounts with accounts type group | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-13 | CH01 | officers | Change person director company with change date | |
| 2022-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-24 | AA | accounts | Accounts with accounts type group | |
| 2022-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
+11.8%
£36,340,000 £40,610,000
-
Cash
-26.4%
£16,903,000 £12,447,000
-
Net assets
-8.2%
-£45,071,000 -£48,764,000
-
Employees
-32.1%
162 110
-
Operating profit
+402.9%
-£2,476,000 £7,501,000
-
Profit before tax
+74.8%
-£12,508,000 -£3,146,000
-
Wages
-37.1%
£8,135,000 £5,114,000
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