Website & contact details
- Website
Source Insurance Limited
- Incorporated
- 22 October 1993 (33 years)
- Previously known as
- Red Apple Group Limited (until 30 July 2019)Source Insurance Limited (until 20 September 2017)Source Software Limited (until 3 February 2012)Earlier: Sentinel UK Limited, Trustguard Policyline Limited, Trustguard Marketing Limited
- Industry
- Activities of insurance agents and brokers (66220)
- Directors
- Christopher William LynchLouise Anne Watkins
- Owned by
- Andrew Alistair Masters
- Accounts type
- Medium
- Region
- Wales
- Address
- Global ReachDunleavy DriveCardiffCF11 0SN
Filing status
- Accounts due
- 30 September 2027
- Last accounts
- 31 December 2025
- Conf. stmt due
- 2 November 2027
- Last conf. stmt
- 19 October 2026
Charges
- Total
- 6
- Outstanding
- 3
- Part satisfied
- 0
- Satisfied
- 3
Officers 6 active
Officer details are public data from the Companies House register.
Director · Appointed 20 October 2026
British
Born January 1975 (51)
Lynch, Christopher William
Director · Appointed 28 October 2024
Welsh
Born April 1978 (48)
Watkins, Louise Anne
Director · Appointed 28 October 2024
British
Born February 1972 (54)
Guest, Malcolm Trevor
Director · Appointed 10 November 2021
British
Born September 1964 (62)
Pinkerton, Jonathan
Director · Appointed 21 August 2020
British
Born April 1981 (45)
Director · Appointed 22 October 1993
British
Born February 1964 (62)
Officer history (17 former)
20 October 2026
28 October 2024
Appointed Lynch, Christopher William as Director
28 October 2024
Appointed Watkins, Louise Anne as Director
10 November 2021
Appointed Guest, Malcolm Trevor as Director
9 November 2021
21 August 2020
Appointed Pinkerton, Jonathan as Director
31 March 2020
Resigned Beckett, Paul George as Director
1 October 2019
Appointed Beckett, Paul George as Director
27 August 2019
31 July 2019
24 July 2019
Resigned Khetia, Manoj Ramesh as Director
31 December 2018
1 October 2018
31 December 2017
3 July 2017
Appointed Khetia, Manoj Ramesh as Director
3 July 2017
1 April 2013
1 July 2012
Resigned Mclauchlan, Alexander as Director
23 March 2011
17 March 2011
31 October 2007
27 June 2006
Appointed Mclauchlan, Alexander as Director
19 January 2004
31 December 2003
Resigned Mclauchlan, Alexander as Director
14 June 2001
28 July 2000
28 July 2000
28 July 2000
Resigned Smith, Stuart Debbage Coulthard as Director
2 June 2000
16 April 1997
16 April 1997
Appointed Smith, Stuart Debbage Coulthard as Director
16 April 1997
16 April 1997
Appointed Mclauchlan, Alexander as Director
10 April 1997
Resigned Masters, Caroline Michelle as Secretary
10 June 1994
9 June 1994
Appointed Masters, Caroline Michelle as Secretary
9 June 1994
Resigned Cole, David as Director
22 October 1993
22 October 1993
Appointed Cole, David as Director
22 October 1993
Ownership 1 active
People and entities with significant control, from the Companies House PSC register
Individual · Notified 6 April 2016
Owns 25–50% of shares
Holds 25–50% of voting rights
Right to appoint and remove directors
British
Born February 1964 (62)
Financials
Figures from 2024 accounts. Newer accounts, made up to 31 December 2025, are filed but not read yet. See them on Companies House
- Net Assets
- £5,640,146
- Cash
- £1,005,274
- Turnover
- £12,642,643
- Profit Before Tax
- £1,117,764
- Employees
- 69
- Debt Ratio
- 64%
- Current Ratio
- 1.6x
- Profit Margin
- 9%
- Return on Equity
- 15%
Trend
Turnover
Balance sheet detail
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Fixed Assets | £238,769 | £321,801 | £426,151 | £437,795 | £491,827 | £512,003 |
| Current Assets | £15,286,923 | £15,566,221 | £17,092,433 | £15,930,494 | £15,598,124 | £15,463,902 |
| Debtors | £14,281,649 | £14,379,201 | £14,383,202 | £14,415,757 | £14,413,764 | £14,055,904 |
| Cash | £1,005,274 | £1,187,020 | £2,709,231 | £1,514,737 | £1,184,360 | £1,407,998 |
| Creditors (< 1 year) | £9,843,546 | £10,520,589 | £12,633,451 | £12,254,325 | £12,935,926 | £12,918,972 |
| Creditors (> 1 year) | £0 | £8,883 | £30,201 | |||
| Net Current Assets | £5,443,377 | £5,045,632 | £4,458,982 | £3,676,169 | £2,662,198 | £2,544,930 |
| Net Assets | £5,640,146 | £5,306,433 | £4,800,133 | £4,028,964 | £3,074,142 | £2,954,732 |
| Shareholder Funds | £5,640,146 | £5,306,433 | £4,800,133 | £4,028,964 | £3,074,142 | £2,954,732 |
| Turnover | £12,642,643 | £12,729,253 | £12,674,186 | £13,012,470 | £12,910,339 | £13,341,154 |
| Cost of Sales | £5,346,087 | £5,612,406 | £5,457,843 | £5,580,217 | £5,661,270 | £5,836,520 |
| Gross Profit | £7,296,556 | £7,116,847 | £7,216,343 | £7,432,253 | £7,249,069 | £7,504,634 |
| Admin Expenses | £6,272,514 | £5,914,036 | £5,309,279 | £6,226,675 | £5,622,092 | £5,937,118 |
| Staff Costs | £4,504,605 | £4,083,394 | £3,808,955 | £4,576,406 | £4,122,863 | £4,392,016 |
| Operating Profit | £1,024,042 | £1,202,811 | £1,907,064 | £1,205,578 | £1,626,977 | £1,567,516 |
| Profit Before Tax | £1,117,764 | £1,315,521 | £1,941,386 | £1,206,631 | £1,630,671 | £1,581,494 |
| Tax | £284,051 | £309,221 | £370,217 | £251,809 | £311,261 | £301,503 |
| Profit for Period | £833,713 | £1,006,300 | £1,571,169 | £954,822 | £1,319,410 | £1,279,991 |
Filings 148
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 3 November 2026 | Confirmation statement with updates | 19 October 2026 | ||
| 2 November 2026 | Appointment of a director | |||
| 18 August 2026 | Accounts for a medium company | 31 December 2025 | ||
| 30 October 2025 | Confirmation statement with updates | 19 October 2025 | ||
| 29 August 2025 | Accounts for a medium company | 31 December 2024 |
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