CURO UNDERWRITING SERVICES LTD

🌳Matureactive
09928519 · ltd · incorporated 2015-12-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£122.5k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £122,550
Net assets shrinking
Down £32,223 YoY
Cash YoY
-32%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£41k
↓ 32% YoY
Net Worth
£123k
↓ 21% YoY
Current Assets
£124k
↓ 20% YoY
Current Liabilities
—
£0£31k£62k£93k£124k£155kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£157.8k£219.7k
Current assets£123.5k£154.6k
Cash£41.2k£60.5k
Debtors£82.3k£94.1k
Net assets£122.5k£154.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-04-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2026-01-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2024-03-05
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2023-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-05-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2022-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2021-11-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-11-01
    ➕
    WATKINSON, Nicholas Martin appointed
    director
  16. 2021-10-07
    📄
    memorandum-articles
    incorporation · MA
  17. 2021-10-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  18. 2021-10-07
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2021-09-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2021-09-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  21. 2021-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2017-09-01
    ➕
    REDING, Jason Robert John appointed
    director
  23. 2015-12-23
    🏢
    Company incorporated
    As CURO UNDERWRITING SERVICES LTD
  24. 2015-12-23
    ➕
    MANSFIELD, Nicholas James appointed
    secretary
  25. 2015-12-23
    ➕
    MANSFIELD, Nicholas James appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Nicholas Martin Watkinson
Individual · British · DOB 07/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting01/01/2021
Mr Nicholas James Mansfield
Individual · British · DOB 06/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Jason Robert John Reding
Individual · British · DOB 05/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2015-12-23
Jurisdictionengland-wales
Primary SIC66220 — Activities of insurance agents and brokers

Registered office

Suite 5 Ground Floor Broomfield Place Main Road
Broomfield
Chelmsford
CM1 7AH
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-01-06
Last: 2025-12-23

Officers (4 active · 0 resigned)

MANSFIELD, Nicholas James→
secretary · appointed 2015-12-23
View their other companies + combined net worth →
Active
MANSFIELD, Nicholas James→
director · ~52y · appointed 2015-12-23
View their other companies + combined net worth →
Active
REDING, Jason Robert John→
director · ~55y · appointed 2017-09-01
View their other companies + combined net worth →
Active
WATKINSON, Nicholas Martin→
director · ~61y · appointed 2021-11-01
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (42 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-05
change-person-director-company-with-change-date
officers · CH01
2024-03-05
change-person-secretary-company-with-change-date
officers · CH03
2024-03-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-12