Source Insurance Limited
Active02864963Financial servicesIncorporated 22 Oct 1993 · Cardiff
The principal activity of the Company is the provision of general insurance products and technical solutions, distributed through mortgage brokers and networks.
Revenue
£9.9m
▼ -21.8% vs prior ~12m period
Profit after tax
-£145k
Margin -2.6%
Employees
60
▼ -13.0% vs prior ~12m period
Net assets
£5.5m
Total assets £11.8m
Financial history
Revenue by accounting period
7 periods available · ▲ growth ▼ decline
Dec 2019Not available
Dec 2020
£12.9m
Dec 2021
£13.0m▲ +0.8%
Dec 2022
£12.7m▼ -2.6%
Dec 2023
£12.7m▲ +0.4%
Dec 2024
£12.6m▼ -0.7%
Dec 2025
£9.9m▼ -21.8%
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2025 | £9.9m | ▼ -21.8% | -£206k | 60 | £5.5m |
| 31 Dec 2024 | £12.6m | ▼ -0.7% | £1.1m | 69 | £5.6m |
| 31 Dec 2023 | £12.7m | ▲ +0.4% | £1.3m | 67 | £5.3m |
| 31 Dec 2022 | £12.7m | ▼ -2.6% | £1.9m | 70 | £4.8m |
| 31 Dec 2021 | £13.0m | ▲ +0.8% | £1.2m | 89 | £4.0m |
| 31 Dec 2020 | £12.9m | — | £1.6m | 81 | £3.1m |
| 31 Dec 2019 | — | — | — | — | £3.0m |
Latest available figures
Period ending 31 Dec 2025. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £9.9m
- Gross profit
- £6.0m
- Operating profit
- -£262k
- Profit before tax
- -£206k
- Profit after tax
- -£145k
Balance sheet
- Total assets
- £11.8m
- Cash
- £1.1m
- Total liabilities
- £6.3m
- Net assets
- £5.5m
- Revenue per employee
- £165k
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