ONDO INSURTECH PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
Cash
£4M
+904.8% vs 2024
Net assets
-£5M
+26.4% vs 2024
Employees
54
+80% vs 2024
Profit before tax
-£6M
-106.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Board acknowledges, under certain adverse scenarios that a material uncertainty would exist and additional funding would be required within the going concern period.
Name history
Renamed 2 times since incorporation
- ONDO INSURTECH PLC 2022-03-22 → present
- SPINNAKER ACQUISITIONS PLC 2021-05-12 → 2022-03-22
- SPINNAKER ACQUISITIONS LIMITED 2021-02-23 → 2021-05-12
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £2,691,000 | £3,869,000 | |
| Operating profit | -£3,238,000 | -£5,172,000 | |
| Profit before tax | -£2,988,000 | -£6,165,000 | |
| Net profit | -£2,988,000 | -£6,165,000 | |
| Cash | £397,000 | £3,989,000 | |
| Total assets less current liabilities | £82,000 | £2,182,000 | |
| Net assets | -£6,648,000 | -£4,890,000 | |
| Equity | -£6,648,000 | -£4,890,000 | |
| Average employees | 30 | 54 | |
| Wages | £1,899,000 | £2,627,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -120.3% | -133.7% | |
| Net margin | -111.0% | -159.3% | |
| Return on capital employed | -3948.8% | -237.0% | |
| Gearing (liabilities / total assets) | 331.4% | 171.8% | |
| Current ratio | 0.84x | 1.29x | |
| Interest cover | -5.16x | -5.12x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Board acknowledges, under certain adverse scenarios that a material uncertainty would exist and additional funding would be required within the going concern period.”
Group structure
- ONDO INSURTECH PLC · parent
- LeakBot Limited 100%
- LeakBot Europe Aps 100%
- LeakBot USA Inc. 100%
Significant events
- “Since year-end, the Group has signed a new deal with Bear River Mutual (US) and announced a new distribution partnership with US InsurTech VIP HomeLink.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBER, Ben | Secretary | 2021-11-24 | — | — |
| FOSTER, Craig | Director | 2022-03-21 | Oct 1979 | British |
| PATERSON, Greig Norman | Director | 2025-08-01 | Nov 1968 | British |
| QUIN, James Barrington | Director | 2025-08-01 | Jan 1969 | British |
| WITHINGTON, Kevin Michael | Director | 2022-09-26 | Oct 1972 | British |
| WOOD CBE, Gregory Mark | Director | 2022-03-21 | Jul 1953 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAWLINS, Emily Victoria | Secretary | 2021-03-15 | 2021-11-24 |
| BARBAGLIO, Stefania | Director | 2021-09-06 | 2026-04-13 |
| HARPUR, Anthony James | Director | 2021-02-23 | 2022-03-21 |
| HUME, Alan Douglas | Director | 2021-02-23 | 2022-03-21 |
| MORRISON, Andrew John Gowdy | Director | 2021-02-23 | 2025-07-31 |
| STIJLEN, Claudia Maria | Director | 2021-09-06 | 2022-03-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew John Gowdy Morrison | Individual | Shares 25–50%, Voting 25–50% | 2021-02-23 | Ceased 2021-04-13 |
| Mr Anthony James Harpur | Individual | Shares 25–50%, Voting 25–50% | 2021-02-23 | Ceased 2021-04-13 |
| Mr Alan Douglas Hume | Individual | Shares 25–50%, Voting 25–50% | 2021-02-23 | Ceased 2021-04-13 |
Filing timeline
Last 20 of 100 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-16 RP04SH01 Legacy
- 2025-10-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-16 | RP04SH01 | change-of-name | Legacy | |
| 2025-12-12 | SH01 | capital | Capital allotment shares | |
| 2025-12-12 | SH01 | capital | Capital allotment shares | |
| 2025-12-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-03 | SH01 | capital | Capital allotment shares | |
| 2025-10-13 | SH01 | capital | Capital allotment shares | |
| 2025-10-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | SH01 | capital | Capital allotment shares | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-04 | AA | accounts | Accounts with accounts type group | |
| 2025-07-02 | SH01 | capital | Capital allotment shares | |
| 2025-06-17 | SH01 | capital | Capital allotment shares | |
| 2025-05-22 | SH01 | capital | Capital allotment shares | |
| 2025-05-22 | SH01 | capital | Capital allotment shares | |
| 2025-05-22 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 10
- Officers appointed
- 2
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+43.8%
£2,691,000 £3,869,000
-
Cash
+904.8%
£397,000 £3,989,000
-
Net assets
+26.4%
-£6,648,000 -£4,890,000
-
Employees
+80%
30 54
-
Operating profit
-59.7%
-£3,238,000 -£5,172,000
-
Profit before tax
-106.3%
-£2,988,000 -£6,165,000
-
Wages
+38.3%
£1,899,000 £2,627,000
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