PINNACLE INSURANCE PLC

PINNACLE HOUSE, A1 BARNET WAY, BOREHAMWOOD, HERTFORDSHIRE, WD6 2XX

Company Number: 01007798
Incorporation date: 14-Apr-1971
Status: Active
Entity type: Public Limited Company

SIC codes:
65110 Life insurance
65120 Non-life insurance




SUMMARY

This company is 53 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 155.2 million which has decreased from the previous year's figure of GBP 160.5 million. The latest reported revenue figure is GBP 46.2 million which is down -10% on the previous year. The company has 9 active officers (directors or partners) who are or were officers of 32 other companies, 11 (34.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 46,153,000 668,000 1,058,000
31-Dec-2018 GBP 51,996,000 125,000 1,940,000
31-Dec-2017 GBP 66,775,000 10,000 4,898,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 17,273,000 126,557,000 23,323,000 5,295,000 155,175,000
31-Dec-2018 GBP 9,043,000 160,454,000
31-Dec-2017 GBP 32,210,000 158,517,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP 100.00% 149,880,000 0 149,880,000 61,782,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Matthew Justin LORIMER 30 Jun 2006 29 Mar 2024 3 - 2
Resigned CARDIF PINNACLE SECRETARIES LIMITED 09 Sep 2005 30 Jun 2006 0 - 26
Resigned Kareen CRANSTON 27 Sep 2002 09 Sep 2005 0 - 37
Resigned Christopher Simon MILLS 04 Oct 1991 27 Sep 2002 1 - 41
Resigned Shirley DRAZIN 04 Oct 1991 0 - 9

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Dirk Christiane Luc BEECKMAN 30 Jun 2022 Director Belgian 1 - 00 (0.0%)
Active Emmanuel DE TALHOUET 30 Jun 2022 Chief Integration Officer French 2 - 00 (0.0%)
Active Carmen Andreea IORDACHE 30 Jun 2022 Chief Underwriter And Chief Actuary Romanian 2 - 00 (0.0%)
Active Craig Anthony SCARR 16 May 2022 Company Director British 8 - 30 (0.0%)
Resigned Helen Elspeth RENNIE 10 Dec 2020 30 Jun 2022 Head Of Human Resources & Development British,Australian 0 - 30 (0.0%)
Active Sophie Margaret MAY 10 Dec 2020 Director Of Finance British 4 - 10 (0.0%)
Active Richard Adam HINES 28 Nov 2019 Investment Banker British 5 - 41 (11.1%)
Resigned Marie HADERER 23 Nov 2016 17 Nov 2021 Actuary French 0 - 30 (0.0%)
Active Stanislas Louis Paul Francois CHEVALT 07 Jan 2016 Exco Member - Co - Bnppc French 1 - 00 (0.0%)
Active Matthew Justin LORIMER 01 Apr 2015 Solicitor British 6 - 01 (16.7%)
Active Andrew Miles WIGG 21 Mar 2013 Director British 8 - 1211 (55.0%)
Resigned Nicholas Dutfield ROCHEZ 13 Nov 2012 06 Jun 2022 Company Director British 3 - 186 (28.6%)
Resigned Peter John BOX 06 Sep 2012 26 Nov 2019 Director British 0 - 30 (0.0%)
Resigned Natalie Jayne ATKINSON 08 Mar 2010 31 May 2014 Actuary British 0 - 62 (33.3%)
Resigned Brian Addison CARTE 12 Mar 2009 28 Jan 2012 Company Director British 0 - 5925 (42.4%)
Resigned Ian Richard Charles SHACKELL 25 Sep 2008 11 Mar 2011 Executive Director British 1 - 94 (40.0%)
Resigned Adam Jon GOLDING 29 Nov 2007 10 Jun 2012 Executive Director British 0 - 2414 (58.3%)
Resigned John CASTAGNO 29 Nov 2007 11 Jan 2013 Executive Director Italian 0 - 288 (28.6%)
Resigned Gerard BINET 29 Nov 2007 09 Feb 2022 Development And Strategy Direc French 0 - 30 (0.0%)
Resigned Paul Edward GLEN 01 Aug 2006 17 Dec 2015 Executive Director British 1 - 2215 (65.2%)
Resigned Andrew Donald SWAIN 30 Jun 2006 31 Dec 2011 Executive Director British 0 - 2014 (70.0%)
Resigned Robert James MEE 26 Sep 2003 06 Sep 2012 Company Director British 3 - 349 (24.3%)
Resigned Peter John BLOXHAM 07 Aug 2002 31 Mar 2008 Executive Director British 0 - 1914 (73.7%)
Resigned Stephen David WILLIAMS 24 Sep 1999 17 Mar 2006 Chief Commercial Officer British 0 - 136 (46.2%)
Resigned Christopher Simon MILLS 24 Sep 1999 31 Mar 2007 Executive Director British 1 - 4127 (64.3%)
Resigned Anthony William DREYER 24 Sep 1999 30 Jun 2008 Executive Directors British 1 - 2822 (75.9%)
Resigned Gerald Barry RAINGOLD 21 Jun 1996 25 Mar 2009 Director British 2 - 2112 (52.2%)
Resigned CARDIF ASSURANCE-VIE 04 Oct 1991 07 Jan 2016 0 - 30 (0.0%)
Resigned Pierre De Portier De VILLENEUVE 04 Oct 1991 29 Nov 2007 Deputy General Manager French 0 - 30 (0.0%)
Resigned Norman Alan SHUKER 26 Jun 2007 Non Executive Director British 4 - 2516 (55.2%)
Resigned Craig MCKINNEY 04 Oct 1991 Company Director British 0 - 139 (69.2%)
Resigned Leslie William PRIESTLEY 31 Dec 2003 Company Director & Consultant British 0 - 141 (7.1%)
Resigned Christopher John SCHWICK 26 Jun 2007 Executive Director British 1 - 169 (52.9%)
Resigned Julius LEVINKIND 30 Jun 1994 Company Director British 8 - 164 (16.7%)
Resigned Michael Sachs MORRIS 30 Jun 1994 Director British 0 - 40 (0.0%)
Number of active directors: 9
Average tenure of active directors: 4.8 years
Average tenure of resigned directors: 6.2 years
Average active director Dissolution Rate: 9.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
USAA LIMITED (00730577) - Active
PINNACLE INSURANCE PLC (01007798) - Active
HCC INTERNATIONAL INSURANCE COMPANY PLC (01575839) - Active
PET PROTECT LIMITED (01774371) - Active
MARKERSTUDY INSURANCE SERVICES LIMITED (02135730) - Active
CB (UK) LIMITED (02369679) - Active
HSB ENGINEERING INSURANCE LIMITED (02396114) - Active
DIRECT LIFE AND PENSION SERVICES LIMITED (02467691) - Active
CARDIF INSURANCE HOLDINGS PLC (02713318) - Active
PINNACLE INSURANCE MANAGEMENT SERVICES PLC (02729650) - Active
FINANCIAL TELEMARKETING SERVICES LIMITED (02794024) - Liquidation
CARDIF PINNACLE INSURANCE PROPERTY SERVICES PLC (03109672) - Dissolved
CARDIF PINNACLE LIMITED (03115184) - Active
BNP PARIBAS CARDIF LIMITED (03233010) - Liquidation
MOTOR WARRANTY DIRECT LIMITED (03233012) - Active
PINNACLE PARTNERSHIPS LIMITED (03367647) - Active
ST GEORGE'S INSURANCE SERVICES LIMITED (03369099) - Dissolved
EVERYPAW LIMITED (03436148) - Active
GUARANTEED UNDERWRITING AGENCY LIMITED (03531501) - Dissolved
ANIMAL FRIENDS INSURANCE SERVICES LIMITED (03630812) - Active
INVESTMENT PRODUCT SOLUTIONS LIMITED (03679037) - Dissolved
PINNACLE PET HEALTHCARE LIMITED (03691188) - Liquidation
WARRANTY SERVICE SOLUTIONS LIMITED (03914315) - Dissolved
AVIDA SOLUTIONS LIMITED (04020103) - Dissolved
CARDIF PINNACLE SECRETARIES LIMITED (04119306) - Dissolved
BNP PARIBAS CARDIF PSC LIMITED (04224341) - Liquidation
HINES ASSOCIATES LTD. (04593960) - Active
HCC UNDERWRITING AGENCY LTD (04632146) - Active
CARLYLE SQUARE SECURITY LIMITED (04695589) - Active
HINES FAMILY FINANCE LTD (07260065) - Dissolved
SILVERBACK ASSOCIATES LIMITED (09351342) - Active
GROUP RISK TECHNOLOGIES LIMITED (10059924) - Active
PREFINSURE LIMITED (10130193) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-09-192015-09-192014-09-192013-09-192012-09-19
CARDIF PINNACLE INSURANCE HOLDINGS PLCORDINARY126,557,049
100.0%
126,557,049
100.0%
126,557,049
100.0%
126,557,049
100.0%
126,557,049
100.0%
ANDREW MILES WIGGORDINARY1
0.000%
0
0%
0
0%
0
0%
0
0%
PAUL EDWARD GLENORDINARY0
0%
1
0.000%
1
0.000%
1
0.000%
1
0.000%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PINNACLE INSURANCE PLC

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-01-01 2023-12-31 41 13% 59% 79740
2023-01-01 2023-06-30 35 10% 53% 73668
2022-07-01 2022-12-31 34 11% 53% 65613
2022-01-01 2022-06-30 32 7% 52% 59301
2021-07-01 2021-12-31 29 6% 53% 52458
2021-01-01 2021-06-30 34 8% 55% 46061
2020-07-01 2020-12-31 42 13% 57% 39376
2020-01-01 2020-06-30 50 17% 76% 32235
2019-07-01 2019-12-31 41 13% 74% 25018
2019-01-01 2019-06-30 36 7% 70% 18269
2018-07-01 2018-12-31 36 10% 65% 9542
2018-01-01 2018-06-30 40 12% 67% 2263


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 65110 Life insurance)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
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ROTHESAY LIFE PLC THE POST BUILDING, 100 MUSEUM STREET, LONDON, UNITED KINGDOM, WC1A 1PB 06127279 2018-12-31 12,195,000,000 97,000,000
SCOTTISH EQUITABLE PLC AEGON LOCHSIDE CRESCENT, EDINBURGH PARK, EDINBURGH, SCOTLAND, EH12 9SE SC144517 2017-12-31 9,792,700,000 34,400,000
BAILLIE GIFFORD LIFE LIMITED ATRIA ONE, 144 MORRISON STREET, EDINBURGH, EH3 8EX SC182496 2018-03-31 5,139,666,000 1,600,000
PHOENIX LIFE LIMITED 1 WYTHALL GREEN WAY, WYTHALL, BIRMINGHAM, B47 6WG 01016269 2018-12-31 1,304,000,000 481,000,000
CANADA LIFE LIMITED CANADA LIFE PLACE, POTTERS BAR, HERTFORDSHIRE, EN6 5BA 00973271 2017-12-31 940,100,000 326,100,000
COUNTRYWIDE ASSURED PLC 2ND FLOOR, BUILDING 4 WEST STRAND, WEST STRAND ROAD, PRESTON, LANCASHIRE, ENGLAND, PR1 8UY 02261746 2017-12-31 333,071,000 42,296,000
THREADNEEDLE PENSIONS LIMITED CANNON PLACE, 78 CANNON STREET, LONDON, EC4N 6AG 00984167 2017-12-31 266,918,000 2,040,000 66300-Fund management activities
MGM ADVANTAGE LIFE LIMITED CANADA LIFE PLACE, HIGH STREET, POTTERS BAR, ENGLAND, EN6 5BA 08395855 2017-12-31 183,391,000 5,702,000
WESLEYAN FINANCIAL SERVICES LIMITED COLMORE CIRCUS, BIRMINGHAM, B4 6AR 01651212 2017-12-31 58,140,000 -3,964,000
INTEGRALIFE UK LIMITED 29 CLEMENT'S LANE, LONDON, EC4N 7AE 00798365 2018-09-30 45,279,000 16,177,000
TOKIO MARINE KILN SYNDICATES LIMITED 20 FENCHURCH STREET, LONDON, EC3M 3BY 00729671 2017-12-31 31,146,000 18,548,000 65120-Non-life insurance
UNUM LIMITED MILTON COURT, DORKING, SURREY, RH4 3LZ 00983768 2017-12-31 12,206,000 1,775,000 65120-Non-life insurance
CAPITA LIFE & PENSIONS SERVICES LIMITED 65 GRESHAM STREET, LONDON, ENGLAND, EC2V 7NQ 04359665 2017-12-31 7,031,500 -1,964,426
LEAGOLD LIMITED SOLAR HOUSE - PF 915 HIGH ROAD, NORTH FINCHLEY, LONDON, ENGLAND, N12 8QJ 01692041 2017-03-31 1,032,339 0 65120-Non-life insurance
65300-Pension funding
FRANK CORRIGAN & CO. LIMITED 5 SYCAMORE COURT BIRMINGHAM ROAD, ALLESLEY, COVENTRY, ENGLAND, CV5 9BA 02198916 2018-05-31 946,820 0 65300-Pension funding
66290-Other activities auxiliary to insurance and pension funding
MORTGAGE 65 LIMITED RED ROSE COURT RED ROSE COURT, CLAYTON LE MOORS, ACCRINGTON, ENGLAND, BB5 5JR 06732518 2017-12-31 587,235 0 65120-Non-life insurance
66190-Activities auxiliary to financial intermediation not elsewhere classified
66220-Activities of insurance agents and brokers
STIRLING GENERAL INSURANCE SERVICES LIMITED ASTON HOUSE, CORNWALL AVENUE, LONDON, ENGLAND, N3 1LF 02546908 2017-09-30 287,063 0 65120-Non-life insurance
65300-Pension funding
HALLMARK GRANGE FINANCIAL LIMITED CRAVEN HOUSE 32 LEE LANE, HORWICH, BOLTON, BL6 7BY 04598272 2018-04-30 238,949 0
JMP ACTUARIAL LIMITED 9 CHART HOUSE, 6 BURRELLS WHARF SQUARE, LONDON E14, LONDON, E14 3TN 07267506 2018-05-31 202,500 0
NATHAN LIMITED 13 CYPRESS GROVE, DUNFERMLINE, FIFE, KY11 8AF SC193725 2018-02-28 197,120 0 66290-Other activities auxiliary to insurance and pension funding
EPIC INSURANCE SERVICES LIMITED 150 MINORIES, LONDON, ENGLAND, EC3N 1LS 07014140 2018-12-31 184,261 0 65120-Non-life insurance
JOHN MOSEBY FINANCIAL SERVICES LTD 17 BRUNTS STREET, MANSFIELD, NOTTINGHAMSHIRE, NG18 1AX 04606586 2018-12-31 143,159 0
REDPATH FINANCIAL PLANNING LIMITED UNIT 562 UNIT 562 WENTA BUSINESS CENTRE, COLNE WAY, WATFORD, ENGLAND, WD24 7ND 04589826 2018-04-30 98,622 0 65120-Non-life insurance
65300-Pension funding
E T M FINANCIAL PLANNING LTD 2 CHURCH COTTAGES THE BURY, LOCKING, WESTON-SUPER-MARE, ENGLAND, BS24 8BZ 07946651 2018-02-28 90,009 0 66290-Other activities auxiliary to insurance and pension funding
NEDTOWN LIMITED 11 CLEVELAND AVENUE, DRAYCOTT, DERBYSHIRE, DE72 3NR 04668300 2019-03-31 81,969 0
ANDREWS COMPLIANCE CONSULTANCY LIMITED 14 JULIANS ROAD, STEVENAGE, HERTFORDSHIRE, SG1 3ES 04015472 2016-09-30 69,928 0
FLEXIBLE FINANCE (MIDLANDS) LIMITED 11 PARK LANE BUSINESS CENTRE, PARK LANE, NOTTINGHAM, ENGLAND, NG6 0DW 08236476 2018-10-31 63,950 0
FRIAR BEST INSURANCE SERVICES LIMITED MARKET HOUSE, 21 LENTEN STREET, ALTON, HAMPSHIRE, GU34 1HG 04737423 2019-04-30 0 0 65120-Non-life insurance
65201-Life reinsurance
65202-Non-life reinsurance
BEAZLEY GROUP LIMITED 22 BISHOPSGATE, LONDON, UNITED KINGDOM, EC2N 4BQ 04082477 0000-00-00 0 0 65201-Life reinsurance
LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED ONE COLEMAN STREET, LONDON, EC2R 5AA 00166055 0000-00-00 0 0
LIVERPOOL VICTORIA FINANCIAL SERVICES LIMITED COUNTY GATES, BOURNEMOUTH, DORSET, BH1 2NF 12383237 0000-00-00 0 0 66290-Other activities auxiliary to insurance and pension funding
NATIONAL FARMERS UNION MUTUAL INSURANCE SOCIETY LIMITED(THE) TIDDINGTON ROAD, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 7BJ 00111982 0000-00-00 0 0 65120-Non-life insurance
PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED ENTERPRISE HOUSE, BANCROFT ROAD, REIGATE, ENGLAND, RH2 7RP 05465261 0000-00-00 0 0 65300-Pension funding
STANDARD LIFE ASSURANCE LIMITED STANDARD LIFE HOUSE, 30 LOTHIAN ROAD, EDINBURGH, EH1 2DH SC286833 0000-00-00 0 0
ZURICH ASSURANCE LTD UNITY PLACE, 1 CARFAX CLOSE, SWINDON, WILTSHIRE, UNITED KINGDOM, SN1 1AP 02456671 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
PINNACLE INSURANCE PLC 0.9% 3.6% 7.1% Medium
Other companies Active in the same sector 0.6% 2.1% 6.0% Medium
Age 0.4% 1.4% 2.7% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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