INSURE THE BOX LIMITED

• ⚠

  Material uncertainty over going concern

  Subsequent to the expected future liquidation of the Company, the financial statements for the year ended 31 December 2024 have been prepared on an "other than going concern" basis.

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Subsequent to the expected future liquidation of the Company, the financial statements for the year ended 31 December 2024 have been prepared on an "other than going concern" basis.”

Significant events

• “In December 2020, the Company entered into run-off with the expectation of future liquidation. From this date the Company ceased to write any new or renewal business.”
• “The Company was granted its insurance mediation licence by the Gibraltar Financial Services Commission ("GFSC") which was voluntarily surrendered on 30 October 2024, in line with future plans to liquidate the Company.”
• “Subject to regulatory approval, the Company is in the process of changing its name to AD ITB Limited, as it is required to remove the word "insure" following surrender of licence.”
• “Future claims handling activities are expected to be transferred to AND-E (M), and all remaining available funds, expected to be returned to BIGL, the Company's direct parent entity.”
• “On 28th March 2025, the Company's ultimate shareholder and controlling party, MS&AD Insurance Group Holdings, Inc., announced the merger of Mitsui Sumitomo Insurance Company Limited and Aioi Nissay Dowa Insurance Company Limited, by April 2027.”
• “On 16th June 2025, aligned with plans for the future liquidation of BIGL and its subsidiaries, a payment of £7m from the Company's available surplus cash was made to BIGL to facilitate the parent's own settlement of preference shares and loans with fellow Group company AIOI Nissay Dowa Insurance Company of Europe SE ("AND-E SE").”

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

Filings

8

last 12 months

Capital events

0

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

  -54.6%

  £703,000 → £319,000

• Cash

  -17.7%

  £18,439,000 → £15,178,000

• Net assets

  +1.7%

  £11,670,000 → £11,863,000

• Employees

  -100%

  2 → 0

• Operating profit

  +42.9%

  -£310,000 → -£177,000

• Profit before tax

  -510.3%

  -£29,000 → -£177,000

• Wages

  -100%

  £42,000 → £0

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