SIMPLE INSURANCE SOLUTIONS LTD Financials
- Company number
- 08729272Copy
Copy - Registered office
- Ihk House, 519-523 Hyde Road, Manchester M12 5FL
- Incorporated
- 11/10/2013
Company snapshot
- Status
- Active
- Employees
- 15 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
14.34%vs 20232023: £1.24M
Total Assets
8.27%vs 20232023: £2.72M
Cash in Bank
-13.50%vs 20232023: £41.44K
Total Liabilities
10.16%vs 20232023: £1.11M
Employees
0vs 20232023: 15
In 2024, SIMPLE INSURANCE SOLUTIONS LTD reported net assets of £1.42M. The same filing shows total assets of £2.94M, cash in bank of £35.84K and total liabilities of £1.22M. Reported headcount was 15 in 2024. Total Assets rose from £2.72M in 2023 to £2.94M in 2024 (8.27%). 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
14.34%from £1.24M 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 SIMPLE INSURANCE SOLUTIONS LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+32.5%vs 2022+15.1% a year compound (CAGR)
Cash in Bank
-3.7%vs 2022-1.9% a year compound (CAGR)
Total Assets
+63.4%vs 2022+27.8% a year compound (CAGR)
Total Liabilities
+159%vs 2022+60.8% a year compound (CAGR)
Employees
+15.4%vs 2022+2Biggest increase
Total Liabilities+159%
£471.26K in 2022 to £1.22M in 2024
Biggest decrease
Cash in Bank-3.7%
£37.21K in 2022 to £35.84K in 2024
SIMPLE INSURANCE SOLUTIONS LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SIMPLE INSURANCE SOLUTIONS LTD'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
- 48.37%2024
- Liabilities to total assets
- 41.42%2024
- Cash to liabilities
- 2.94%2024
- Cash to total assets
- 1.22%2024
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 SIMPLE INSURANCE SOLUTIONS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 940.21K | 1.07M | 1.24M | 1.42M |
| Total Assets£ | 1.27M | 1.80M | 2.72M | 2.94M |
| Cash in Bank£ | 89.48K | 37.21K | 41.44K | 35.84K |
| Total Liabilities£ | 311.18K | 471.26K | 1.11M | 1.22M |
| Employees | 9 | 13 | 15 | 15 |
SIMPLE INSURANCE SOLUTIONS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has SIMPLE INSURANCE SOLUTIONS LTD filed financial statements?
Yes. Okredo holds filed figures for SIMPLE INSURANCE SOLUTIONS LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did SIMPLE INSURANCE SOLUTIONS LTD report in 2024?
SIMPLE INSURANCE SOLUTIONS LTD reported net assets of £1.42M for 2024. That compares with £1.24M in 2023, a change of 14.34%.
What total assets did SIMPLE INSURANCE SOLUTIONS LTD report in 2024?
SIMPLE INSURANCE SOLUTIONS LTD reported total assets of £2.94M for 2024. That compares with £2.72M in 2023, a change of 8.27%.
What cash in bank did SIMPLE INSURANCE SOLUTIONS LTD report in 2024?
SIMPLE INSURANCE SOLUTIONS LTD reported cash in bank of £35.84K for 2024. That compares with £41.44K in 2023, a change of -13.50%.
How many people does SIMPLE INSURANCE SOLUTIONS LTD employ?
SIMPLE INSURANCE SOLUTIONS LTD reported 15 employees in 2024, compared with 15 in 2023.
How have SIMPLE INSURANCE SOLUTIONS LTD financials changed over the last 3 years?
Between 2022 and 2024, SIMPLE INSURANCE SOLUTIONS LTD's net assets rose by 32.5%, cash in bank fell by 3.7%, total assets rose by 63.4% and total liabilities rose by 159%. Net assets compounded at 15.1% a year across the two years to 2024, from £1.07M to £1.42M. Reported headcount went from 13 in 2022 to 15 in 2024 (+2).
Which years of SIMPLE INSURANCE SOLUTIONS LTD 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.