Ageas Retail Limited
Private Limited Company · Eastleigh
ActiveUnited KingdomIncorporated 1977Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
—
Cash
£21,916,000
Turnover
£67,443,000
Profit / loss
—
Current assets
—
Creditors < 1 year
—
Equity
£28,229,000
Average employees
471
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | £28,229,000 | £29,428,000 |
| Share capital | £24,050,000 | £24,050,000 |
| Retained earnings | £4,179,000 | £5,378,000 |
| Assets | ||
| Property, plant & equipment | £199,000 | — |
| Cash at bank | £21,916,000 | — |
| Debtors | £112,473,000 | — |
| Liabilities | ||
| Creditors | £109,870,000 | £105,297,000 |
| Bank loans & overdrafts | £71,000,000 | £70,000,000 |
| Provisions | £37,000 | — |
| Profit & loss | ||
| Turnover | £67,443,000 | £78,405,000 |
| Cost of sales | £25,511,000 | £25,575,000 |
| Administrative expenses | £39,699,000 | £41,952,000 |
| Operating costs | ||
| Audit fees | £136,000 | £131,000 |
| Cash flow | ||
| Cash from operations | £7,856,000 | £3,030,000 |
| Capital expenditure | £400,000 | — |
| People & pay | ||
| Average employees | 471 | 140 |
| Staff costs | £9,434,000 | £4,883,000 |
| Wages & salaries | £7,925,000 | £4,102,000 |
| Social security costs | £792,000 | £410,000 |
| Pension costs | £717,000 | £371,000 |
| Directors' remuneration | £814,000 | £741,000 |
| Highest paid director | £333,000 | £306,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- What it does
- insurance products · personal lines motor insurance · home insurance · insurance commissions and fees · instalment income · claims management services (AI keywords)
- Outlook
- Ageas UK continues to investigate opportunities to reduce energy consumption.
- Auditor
- BDO LLP · senior statutory auditor Alexander Barnes
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Ageas (UK) Limited · England and Wales
- Ultimate parent
- ageas SA/NV · Belgium
- Ultimate controlling party
- ageas SA/NV
- Accounts
- Full accounts
- Approved
- 2026-03-06, signed by Ant Middle
Turnover by segment (6)
- Commissions and fees: 50,007 (000s) (2025-12-31)
- Instalment income: 16,455 (000s) (2025-12-31)
- Other: 981 (000s) (2025-12-31)
- Commissions and fees: 54,104 (000s) (2024-12-31)
- Instalment income: 20,980 (000s) (2024-12-31)
- Other: 3,321 (000s) (2024-12-31)
Related parties (6)
- Immediate parent and intermediate holding company · parent and intermediate holding company · Intercompany cross charges · - (000s)
- Immediate parent and intermediate holding company · parent and intermediate holding company · Income/expense · (8) (000s)
- Fellow subsidiary company · fellow subsidiary · Transactions and balances; commissions, administration and management services, and profit share · 19,049; (86,671) (000s)
- Fellow subsidiary company · fellow subsidiary · Transactions and balances; commissions, administration and management services, and profit share · (27,294); (89,316) (000s)
- Ageas Insurance Limited · fellow subsidiary · Outstanding loan · £71.0m (000s)
- AICL · fellow subsidiary · Claims management services, recharged in full
Borrowings (1)
- Loan with maximum capacity of £100.0m; outstanding loan · from Ageas Insurance Limited · £71.0m (2024: £70.0m) · 1.75% above the Bank of England base rate; non-utilisation charge at 0.56% per annum of the undrawn portion of the maximum capacity · Maturity date of 7 September 2027
Acquisitions (1)
- Saga's insurance Underwriting business, Acromas Insurance Company Limited (AICL) · 2025-07-01
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesShow 2 satisfied / released
All Assets · created 2014-09-17 · satisfied 2017-09-22
—
SatisfiedAll Assets · created 2012-01-30 · satisfied 2014-10-15
All monies
Satisfied