OPEN INSURANCE SERVICES UK LIMITED Financials
- Company number
- 09365669Copy
Copy - Registered office
- Open Insurance Services Uk, 91 Wimpole Street, London W1G 0EF
- Incorporated
- 23/12/2014
Company snapshot
- Status
- Active
- Employees
- 11 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-80.37%vs 20232023: £238.08K
Total Assets
-55.95%vs 20232023: £1.68M
Cash in Bank
-60.33%vs 20222022: £4.14M
Total Liabilities
-51.23%vs 20232023: £1.43M
Employees
-15vs 20232023: 26
In 2024, OPEN INSURANCE SERVICES UK LIMITED reported net assets of £46.73K. The same filing shows total assets of £742.00K, cash in bank of £1.64M and total liabilities of £695.26K. Reported headcount was 11 in 2024. Cash in Bank fell from £4.14M in 2022 to £1.64M in 2023 (-60.33%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-80.37%from £238.08K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures OPEN INSURANCE SERVICES UK LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-98.9%vs 2022-89.5% a year compound (CAGR)
Total Assets
-87.3%vs 2022-64.3% a year compound (CAGR)
Total Liabilities
-55.6%vs 2022-33.4% a year compound (CAGR)
Employees
-54.2%vs 2022-13Biggest decrease
Net Assets-98.9%
£4.24M in 2022 to £46.73K in 2024
Every indicator Okredo holds for OPEN INSURANCE SERVICES UK LIMITED fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from OPEN INSURANCE SERVICES UK LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 6.30%2024
- Liabilities to total assets
- 93.70%2024
- Cash to liabilities
- 115.24%2023
- Cash to total assets
- 97.53%2023
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for OPEN INSURANCE SERVICES UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 540.98K | 4.24M | 238.08K | 46.73K |
| Total Assets£ | 1.93M | 5.83M | 1.68M | 742.00K |
| Cash in Bank£ | 1.03M | 4.14M | 1.64M | – |
| Total Liabilities£ | 1.39M | 1.57M | 1.43M | 695.26K |
| Employees | 16 | 24 | 26 | 11 |
OPEN INSURANCE SERVICES UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has OPEN INSURANCE SERVICES UK LIMITED filed financial statements?
Yes. Okredo holds filed figures for OPEN INSURANCE SERVICES UK LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did OPEN INSURANCE SERVICES UK LIMITED report in 2024?
OPEN INSURANCE SERVICES UK LIMITED reported net assets of £46.73K for 2024. That compares with £238.08K in 2023, a change of -80.37%.
What total assets did OPEN INSURANCE SERVICES UK LIMITED report in 2024?
OPEN INSURANCE SERVICES UK LIMITED reported total assets of £742.00K for 2024. That compares with £1.68M in 2023, a change of -55.95%.
What cash in bank did OPEN INSURANCE SERVICES UK LIMITED report in 2023?
OPEN INSURANCE SERVICES UK LIMITED reported cash in bank of £1.64M for 2023. That compares with £4.14M in 2022, a change of -60.33%.
How many people does OPEN INSURANCE SERVICES UK LIMITED employ?
OPEN INSURANCE SERVICES UK LIMITED reported 11 employees in 2024, compared with 26 in 2023.
How have OPEN INSURANCE SERVICES UK LIMITED financials changed over the last 3 years?
Between 2022 and 2024, OPEN INSURANCE SERVICES UK LIMITED's net assets fell by 98.9%, total assets fell by 87.3%, total liabilities fell by 55.6% and employee numbers fell by 54.2%. Net assets contracted at 89.5% a year across the two years to 2024, from £4.24M to £46.73K. Reported headcount went from 24 in 2022 to 11 in 2024 (-13).
Which years of OPEN INSURANCE SERVICES UK LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.