# SOURCE INSURANCE LIMITED (02864963)

> SOURCE INSURANCE LIMITED is an active private limited company (company number 02864963) incorporated on 22 October 1993, registered in Cardiff. Its registered activity is activities of insurance agents and brokers (SIC 66220). Latest medium accounts cover the period ending 31 December 2025, showing net assets of £5.50m and cash of £1.09m, with 60 employees on average. Turnover was £9.89m and profit for the year −£145k. Net assets fell 3% on the prior period (£5.64m).

- Status: Active
- Incorporated: 1993-10-22
- Registered office: Cardiff, CF11 0SN
- SIC 66220: Activities of insurance agents and brokers
- Next accounts due: 2027-09-30
- Confirmation statement due: 2026-11-05
- Accounts type: MEDIUM

By net assets it sits in the top quarter of 81 comparable companies in Cardiff (median £14k, upper quartile £79k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-12-31 | £5.50m | £1.09m | £10.54m | — | £9.89m | −£145k | 60 |
| 2024-12-31 | £5.64m | £1.01m | £14.28m | — | £12.64m | £834k | 69 |
| 2023-12-31 | — | — | — | — | — | — | — |
| 2022-12-31 | — | — | — | — | — | — | — |

net margin -1.5%; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £5,495,385 at 31 December 2025
- Cash at bank of £50,000 or more: Cash £1,093,536
- Three or more accounting periods on record: 4 periods on record
- Incorporated five or more years ago: Incorporated 22 October 1993

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Andrew Alistair Masters — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02864963
HTML: https://firmoscan.com/company/02864963-source-insurance-limited