CHANNING LUCAS INSURANCE BROKERS (CYPRUS) LTD
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Cash
£18M
+110.4% vs 2023
Net assets
£4M
+133% vs 2023
Employees
1
-50% vs 2023
Profit before tax
£3M
+45.5% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,251,863 | £2,921,436 | |
| Operating profit | £1,994,589 | £2,672,093 | |
| Profit before tax | £1,832,249 | £2,665,632 | |
| Net profit | £1,409,416 | £2,440,778 | |
| Cash | £8,666,154 | £18,233,710 | |
| Total assets less current liabilities | £1,903,807 | £4,400,802 | |
| Net assets | £1,880,712 | £4,381,233 | |
| Equity | £1,880,712 | £4,381,233 | |
| Average employees | 2 | 1 | |
| Wages | £20,111 | £29,126 |
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 | 88.6% | 91.5% | |
| Net margin | 62.6% | 83.5% | |
| Return on capital employed | 104.8% | 60.7% | |
| Gearing (liabilities / total assets) | 92.7% | 84.9% | |
| Current ratio | 1.08x | 1.19x | |
| Interest cover | 7.21x | 30.17x |
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
- Standalone (parent only)
- Auditor
- PKF Savvides & Co Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management has considered the unique circumstances and the risk exposures of the Company and has concluded that there is no significant impact in the Company's profitability position. The event is not expected to have an immediate material impact on the business operations.”
Group structure
- CHANNING LUCAS INSURANCE BROKERS (CYPRUS) LTD · parent
- Channing Lucas Insurance Brokers (Germany) GmbH 85%
Significant events
- “The geopolitical situation in Eastern Europe intensified on 24 February 2022 with the commencement of the conflict between Russia and Ukraine. As at the date of authorising these separate financial statements for issue, the conflict continues to evolve as military activity proceeds.”
- “The Israel-Gaza conflict has escalated significantly after Hamas launched a major attack on 7 October 2023. Companies with material subsidiaries, operations, investments, contractual arrangements or joint ventures in the War area might be significantly exposed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PISSARIDES, Michael Stavrou | Secretary | 2020-10-19 | — | — |
| LUCAS, John | Director | 2020-10-19 | May 1966 | British |
| PISSARIDES, Michael Stavrou | Director | 2020-10-19 | Sep 1965 | Cypriot |
| POWELL, Eliot James | Director | 2024-12-20 | Jun 1971 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEAZLEY, Daniel Lloyd | Director | 2020-10-19 | 2022-08-10 |
| DYSON, James | Director | 2020-10-19 | 2022-08-10 |
| SEED, Craig Arthur | Director | 2022-08-10 | 2025-03-05 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 24 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-03-26 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-01-29 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2022-09-06 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2022-08-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-08-18 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-08-18 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2021-06-28 | OSCH02 | other | Change company details overseas company | |
| 2021-06-28 | OSCH02 | other | Change company details overseas company with change details | |
| 2021-06-28 | OSCH02 | other | Change company details overseas company | |
| 2021-06-28 | OSCH02 | other | Change company details overseas company | |
| 2020-10-19 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2020-10-19 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2020-10-19 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2020-10-19 | OS-PAR | annual-return | Appointment at registration of person authorised to represent |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
+29.7%
£2,251,863 £2,921,436
-
Cash
+110.4%
£8,666,154 £18,233,710
-
Net assets
+133%
£1,880,712 £4,381,233
-
Employees
-50%
2 1
-
Operating profit
+34%
£1,994,589 £2,672,093
-
Profit before tax
+45.5%
£1,832,249 £2,665,632
-
Wages
+44.8%
£20,111 £29,126
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