Company Overview
Mastercover Insurance Services Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 12 October 1978, so this is a well established company. Mastercover Insurance Services Limited has been in business for 47 years and 5 months. The accounts status is audit exemption subsidiary and the accounts are next due on Tuesday 30 September 2025.
Registered Address

2 Minster Court, Mincing Lane, London, EC3R 7PD
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Companies House Data
Company NameMASTERCOVER INSURANCE SERVICES LIMITED
Company Number01393740
Registered Office Address2 Minster Court
 Mincing Lane
 EC3R 7PD
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date12/10/1978
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2025
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date05/03/2017
Returns Last Made Up Date05/02/2016
Directors & Members
Show Resigned
Diane Cougill - Director
(British, 63 years old, born September 1963)
Appointed 01 October 2020
Active
David Ross - Director
(Irish, 57 years old, born February 1969)
Appointed 01 October 2020
Active
Secretaries
Show Resigned
Other Company Directorships
Diane Cougill
ARACHAS TOPCO LIMITED
ARDONAGH ADVISORY PLATFORM HOLDINGS LIMITED
ARDONAGH GROUP HOLDINGS LIMITED
ARDONAGH IBERIA HOLDCO 1 LIMITED
ARDONAGH INTERNATIONAL LIMITED
ARDONAGH OVERSEAS INVESTMENTS LIMITED
ARDONAGH ROCKET INVESTMENT HOLDINGS LIMITED
B.I.B.U. ACQUISITIONS LIMITED
BROKER NETWORK HOLDINGS LIMITED
BROKER NETWORK INSURANCE BROKERS LIMITED
BROKERS EDUCATIONAL SUPPLY TEACHERS CLAIMS LIMITED
CASSIDY DAVIS UNDERWRITING AGENCY LIMITED
CHASE TEMPLETON GROUP LIMITED
CHASE TEMPLETON HOLDINGS LIMITED
DAWSON WHYTE LIMITED
GEO SERVICE SOLUTIONS LIMITED
LUTINE ASSURANCE SERVICES LIMITED
MILLENNIUM INSURANCE BROKERS LIMITED
NEVADA EURO 1 LIMITED
NEVADA EURO 2 LIMITED
NEVADA PARTNERS LIMITED
PAYMENTSHIELD LIFE UNDERWRITING SERVICES LIMITED
PFP TAX SERVICES LIMITED
PROFESSIONAL FEE PROTECTION LIMITED
PSC INSURANCE (EUROPE) LIMITED
RDG MIDAS HOLDINGS (NI) LIMITED
TARA ADVISERS LIMITED
TARA NOMINEE COMPANY LIMITED
TOWERGATE FINANCIAL (EDINBURGH) LIMITED
TOWERGATE FINANCIAL (SCOTLAND) HOLDINGS LIMITED
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URIS CENTRAL ADMINISTRATION LIMITED
URIS TOPCO LIMITED
David Ross
ARDONAGH OVERSEAS INVESTMENTS LIMITED
ARDONAGH PORTFOLIO SOLUTIONS LIMITED
ARDONAGH TM HOLDCO LIMITED
ARTHUR MARSH & SON LIMITED
B.I.B. (DARLINGTON) LIMITED
BISHOP SKINNER INSURANCE BROKERS LIMITED
BLACKHAM COURT LIMITED
BLACKHAM VENTURES LIMITED
BROKERS EDUCATIONAL SUPPLY TEACHERS CLAIMS LIMITED
CHASE TEMPLETON GROUP LIMITED
CHASE TEMPLETON HOLDINGS LIMITED
FOUR COUNTIES INSURANCE BROKERS LIMITED
KORU MANAGEMENT (UK) LIMITED
MORGAN LAW LIMITED
NEVADA EURO 1 LIMITED
NEVADA EURO 2 LIMITED
NEVADA INVESTMENT HOLDINGS 3 LIMITED
NEVADA INVESTMENT HOLDINGS 5 LIMITED
NEVADA INVESTMENT HOLDINGS 6 LIMITED
NEVADA INVESTMENT HOLDINGS 7 LIMITED
NEVADA INVESTMENTS 1 LIMITED
NEVADA INVESTMENTS 2 LIMITED
NEVADA INVESTMENTS 3 LIMITED
NEVADA INVESTMENTS 4 LIMITED
NEVADA INVESTMENTS 7 LIMITED
NEVADA INVESTMENTS HOLDINGS LIMITED
NEVADA INVESTORCO LIMITED
NEVADA MANAGEMENT (NOMINEES) LIMITED
NEVADA PARTNERS LIMITED
SUDDARDS DAVIES & ASSOCIATES LIMITED
TARA NOMINEE COMPANY LIMITED
THE OLD BOTTLE HOUSE INN LIMITED
WAVENEY GROUP SCHEMES LIMITED
WAVENEY INSURANCE BROKERS (COMMERCIAL) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2012 31-Dec-2011
Balance Sheet
Fixed Assets 364,684 364,684 444,188
Current Assets 1,882,113 1,882,113 2,021,965
Creditors Due Within One Year 1,424,060 1,424,060 1,604,468
Working Cap 458,053 458,053 417,497
Total Assets Less Current Liabilities 822,737 822,737 861,685
Long-term Liabilities 0 0 0
Net Assets 822,737 822,737 861,685
Share Capital & Reserves
Share Cap 131,000 131,000 131,000
Profit & Loss Reserves 691,737 691,737 730,685
Other Reserves 0 0 0
Shareholders Funds 822,737 822,737 861,685
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2012 31-Dec-2011
Tangible Fixed Assets - - -
Fixed Assets 16.2% 16.2% 18.0%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 20.2% 20.2% 21.4%
Cash Bank In Hand 63.6% 63.6% 60.6%
Current Assets 83.8% 83.8% 82.0%
Creditors Due Within One Year 63.4% 63.4% 65.1%
Net Current Assets Liabilities 20.4% 20.4% 16.9%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 36.6% 36.6% 34.9%
Called Up Share Capital 5.8% 5.8% 5.3%
Share Capital Allotted Called Up Paid 5.8% 5.8% 5.3%
Profit Loss Account Reserve 30.8% 30.8% 29.6%
Shareholder Funds 36.6% 36.6% 34.9%
Capital Employed - - -
Total Assets Less Current Liabilities 36.6% 36.6% 34.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2012 31-Dec-2011
Liquidity Ratio 1.3 1.3 1.3
Solvency Ratio 1.6 1.6 1.5
Reserves to Assets 0.3 0.3 0.3
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2012 31-Dec-2011
Assets 2,246,797 2,246,797 2,466,153
Debt 1,424,060 1,424,060 1,604,468
Net Assets/Debt 822,737 822,737 861,685

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around EC3R 7PD
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6TH FLOOR, 2 MINSTER COURT, MINCING LANE, LONDON, EC3R 7PD
PURELY INSURANCE LIMITED
6th Floor, 2, Minster Court Mincing Lane, London, EC3R 7PD
PRICE FORBES GROUP LIMITED
6TH FLOOR, 2, MINSTER COURT MINCING LANE, LONDON, EC3R 7PD
ARDONAGH SPECIALTY LIMITED
2 MINSTER COURT, MINCING LANE, LONDON, EC3R 7PD
Document Filings
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Confirmation statement made on 19 January 2025 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/23
Notice of agreement to exemption from audit of accounts for period ending 31/12/23
Audit exemption statement of guarantee by parent company for period ending 31/12/23
Statement of capital on 10 June 2024
Resolutions
Solvency Statement dated 29/05/24
Statement by Directors
Confirmation statement made on 19 January 2024 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/22
Notice of agreement to exemption from audit of accounts for period ending 31/12/22
Audit exemption statement of guarantee by parent company for period ending 31/12/22
Confirmation statement made on 19 January 2023 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/21
Notice of agreement to exemption from audit of accounts for period ending 31/12/21
Audit exemption statement of guarantee by parent company for period ending 31/12/21
Registered office address changed from 2 Oaks Court Warwick Road Borehamwood Hertfordshire WD6 1GS England to 2 Minster Court Mincing Lane London EC3R 7PD on 27 July 2022
Termination of appointment of Dean Clarke as a secretary on 22 February 2022
Appointment of Ardonagh Corporate Secretary Limited as a secretary on 22 February 2022

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