TREBUCHET SECURE GROUP LIMITED

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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. The group is financially dependent on its ultimate parent, Trebuchet Group Holdings Limited, which has given an undertaking that it will continue to support the group. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. In auditing the financial statements, we have concluded that the director's 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 group's and the parent 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.”

Group structure

1. TREBUCHET SECURE GROUP LIMITED · parent
   1. Title Risk Global Limited 100% · United Kingdom · The provision of escrow services in relation to real estate transactions in Mexico
   2. Title Risk Global Europe SRL 100% · Belgium · Acting as an introducer in the European title insurance market
   3. Incept Limited 75.1% · United Kingdom · developing software for underwriting title insurance policies
   4. Trebuchet Investments (UK) Limited 100% · United Kingdom
   5. Armour Secure Escrow, S. de R.L. de C.V. 99.97% · Mexico · The provision of escrow services in relation to real estate transactions in Mexico
   6. Armsec Services, S. de R.L. de C.V. 99.97% · Mexico
   7. Cobalt Insurance Holdings Limited 100% · United Kingdom · The provision of underwriting services as a coverholder in the London market
   8. Cobalt Underwriting Services Limited 100% · United Kingdom
   9. Cobalt Advisory Services Limited 100% · United Kingdom
   10. Cobalt 1438 Holdings Limited 100% · United Kingdom
   11. Cobalt 1438 Services Limited 100% · United Kingdom

Significant events

• “During the year, there was a group reconstruction under which the group acquired Trebuchet Investments (UK) Ltd, Cobalt Insurance Holdings Ltd and their respective subsidiaries. As part of this transaction the group also acquired a £3.1m loan due from Trebuchet Investments Ltd.”
• “Separately, the group also acquired Incept Ltd and established Title Risk Global Europe SRL during the year.”
• “The company's subsidiary, Cobalt Insurance Holdings Limited ("Cobalt Holdings"), has historically received financial assistance when needed from its affiliate Trebuchet Investments Limited, which assistance included a letter of support to Cobalt Holdings. This letter of support expired on 30 April 2025.”
• “Cobalt Holdings does not have the financial resources to operate without financial support and assistance and accordingly its financial statements are now prepared on a basis other than the going concern basis.”
• “On 15 January 2026 the directors of Cobalt Holdings appointed Leonard Curtis as an insolvency practitioner of that company.”
• “The group also intends to dissolve Cobalt Advisory Services Limited, Cobalt 1438 Holdings Limited and Cobalt 1438 Services Limited.”
• “On 31 December 2024, the company entered into a group reconstruction under which it acquired 100% of Trebuchet Investments (UK) Limited for £10.55m and 100% of Cobalt Insurance Holdings Limited for £1.”
• “On 4 July 2024, the company acquired 75.1% of Incept Limited for £75. The consideration was settled by cash.”

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

Filings

7

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

  +15.7%

  £6,605,962 → £7,640,592

• Cash

  -0.2%

  £95,394,540 → £95,181,650

• Net assets

  +8.1%

  £4,382,013 → £4,735,950

• Employees

  +22.2%

  18 → 22

• Operating profit

  -474.8%

  £1,504,554 → -£5,639,675

• Profit before tax

  -533.6%

  £1,308,059 → -£5,672,065

• Wages

  +28.4%

  £2,959,211 → £3,799,683

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