SOURCE INSURANCE LIMITED

02864963
Active Cardiff

Activities of insurance agents and brokers

69 employees website.com
Activities of insurance agents and brokers
S

SOURCE INSURANCE LIMITED

02864963

Activities of insurance agents and brokers

Founded 22 Oct 1993 Active Cardiff, Wales 69 employees website.com
Activities of insurance agents and brokers

Previous Company Names

RED APPLE GROUP LIMITED 20 Sept 2017 — 30 Jul 2019
SOURCE INSURANCE LIMITED 3 Feb 2012 — 20 Sept 2017
SOURCE SOFTWARE LIMITED 3 Dec 2002 — 3 Feb 2012
SENTINEL UK LIMITED 4 Jun 1997 — 3 Dec 2002
TRUSTGUARD POLICYLINE LIMITED 15 Aug 1995 — 4 Jun 1997
TRUSTGUARD MARKETING LIMITED 22 Oct 1993 — 15 Aug 1995
Accounts Submitted 29 Aug 2025 Next due 30 Sept 2026 3 months remaining
Confirmation Submitted 30 Oct 2025 Next due 2 Nov 2026 4 months remaining
Net assets £6M £334K 2024 year on year
Total assets £16M £362K 2024 year on year
Total Liabilities £10M £696K 2024 year on year
Charges 6
3 outstanding 3 satisfied

Contact & Details

Contact

Registered Address

Global Reach Dunleavy Drive Cardiff CF11 0SN Wales

Telephone

0800 000 0000

Email

info@example.com

Website

www.example.com

Full company profile for SOURCE INSURANCE LIMITED (02864963), an active company based in Cardiff, Wales. Incorporated 22 Oct 1993. Activities of insurance agents and brokers. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type medium
Next accounts 31 Dec 2025
Due by 30 Sept 2026 3 months remaining

Balance Sheet & P&L (2014–2024)

Cash in Bank

£1.01M

Decreased by £181.75k (-15%)

Net Assets

£5.64M

Increased by £333.71k (+6%)

Total Liabilities

£9.89M

Decreased by £696.04k (-7%)

Turnover

£12.64M

Decreased by £86.61k (-1%)

Employees

69

Increased by 2 (+3%)

Debt Ratio

64%

Decreased by 3 (-4%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
31 Dec Year End
2023
31 Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

Officers

0 active 3 resigned
Status

No officers found

No officers found

Shareholders

Shareholders (10)

Andrew Alistair Masters
35.8%
715
Caroline Michelle Masters
15.3%
305

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Andrew Alistair Masters

British

Active
Notified 6 Apr 2016
Residence Wales
DOB February 1964
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent,right To Appoint And Remove Directors

Group Structure

Group Structure

No group structure identified

Charges

Charges

3 outstanding 3 satisfied

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
30 Oct 2025Confirmation StatementConfirmation statement made on 19 Oct 2025 with updates
29 Aug 2025AccountsAnnual accounts made up to 31 Dec 2024
31 Oct 2024OfficersChange to director Mr Christopher William Lynch on 28 Oct 2024
31 Oct 2024Confirmation StatementConfirmation statement made on 19 Oct 2024 with no updates
31 Oct 2024OfficersAppointment of Mr Christopher William Lynch as director on 28 Oct 2024
30 Oct 2025 Confirmation Statement

Confirmation statement made on 19 Oct 2025 with updates

29 Aug 2025 Accounts

Annual accounts made up to 31 Dec 2024

31 Oct 2024 Officers

Change to director Mr Christopher William Lynch on 28 Oct 2024

31 Oct 2024 Confirmation Statement

Confirmation statement made on 19 Oct 2024 with no updates

31 Oct 2024 Officers

Appointment of Mr Christopher William Lynch as director on 28 Oct 2024

Recent Activity

Latest Activity

Confirmation statement made on 19 Oct 2025 with updates

7 months ago on 30 Oct 2025

Annual accounts made up to 31 Dec 2024

9 months ago on 29 Aug 2025

Change to director Mr Christopher William Lynch on 28 Oct 2024

1 years ago on 31 Oct 2024

Confirmation statement made on 19 Oct 2024 with no updates

1 years ago on 31 Oct 2024

Appointment of Mr Christopher William Lynch as director on 28 Oct 2024

1 years ago on 31 Oct 2024