ICEN RISK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ICEN RISK LIMITED 2019-09-10 → present
2. NEXIT TRADING LIMITED 2018-11-22 → 2019-09-10

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2021-12-31.

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

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group relies on positive cash flows from its operations to meet its funding requirements. The Directors do not anticipate that debt facilities will be required for the foreseeable future. In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Subsequent to the year-end, the minority interest in Icen Risk Limited, previously held by two directors, was transferred to the parent company, Nexit 2018 Limited. As a result, Nexit 2018 Limited now holds 100% ownership of Icen Risk Limited.”
• “On 28 March 2025, Zurich Insurance Group agreed to acquire 49% of the share capital in Nexit 2018 Limited. The transaction completed on 26 June 2025 having successfully obtained FCA approval. The remaining 51% of the share capital was retained by the existing shareholders.”

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

Filings

10

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +111.7%

  £4,414,809 → £9,344,486

• Cash

  +155.6%

  £1,638,251 → £4,186,928

• Net assets

  +165.9%

  £2,410,258 → £6,408,287

• Employees

  +22.2%

  9 → 11

• Operating profit

  +249.4%

  £1,415,323 → £4,944,495

• Profit before tax

  +249.4%

  £1,415,323 → £4,944,628

• Wages

  +29.9%

  £1,734,711 → £2,253,520

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