Cornerstone Insurance Brokers Limited

Reference number: 592670

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

Independent Broking Solutions Limited Reference number: 312026 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Cornerstone Insurance Brokers Limited (FRN 592670) is an AR of Independent Broking Solutions Limited (FRN 312026). When you use Cornerstone Insurance Brokers's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Cornerstone Insurance Brokers, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

  • No website on the FCA register

  • Phone number

    020 3621 4759

    Also given by a firm that is no longer authorised. Check you are dealing with the firm on this page.

  • Address

    1 George Yard, City Of London, London, EC3V 9DF, United Kingdom

In the full report: 2 background checks, 1 thing worth a closer look

  • What kind of line 020 3621 4759 is, and the 23 other firms that give it
  • Whether EC3V 9DF is a shared office: 22 other firms give it
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Other names (7)

If you were contacted under any of these names, it is this firm.

  • MASMAK Trading name
  • MASMAK International Trading name
  • Safeshare Trading name
  • Aircraft Risk Company (London) Former trading name
  • ARC (London) Former trading name
  • James Steele & Associates Former trading name
  • Up Digital Risk Former trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Independent Broking Solutions Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
08411560
Company status
Active
Company type
Private limited company
Incorporated
20 February 2013 (13 years old)
Registered office
1 George Yard, 4th Floor, London, EC3V 9DF, England
Nature of business
  • Non-life insurance (SIC 65120)

Directors and company secretaries

Name Role Born Appointed Other companies
Andrew Charles Herbert Director Oct 1962 20 Feb 2013 37 other companies
Nicholas Beresford Readings Director Jun 1952 20 Feb 2013 57 other companies
Lourene Lopez Secretary Not published 6 Sep 2022 –

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
91
closed down
41
are FCA-registered
17

In the full report: all 91 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 17 on the FCA register
  • The 3 companies these 2 directors run together
  • All 5 people who have ever been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 31 December 2024Micro-entity accountsNot audited

Net assets

£12.0k

−69% from £38.4k

Employees (average)

4

Same as 4

Owed within a year

£7,487

−81% from £40.3k

Net assets

In the full report: all 6 years of accounts

  • Every year from 2019 to 2024
  • The chart, over every year
  • Every filed figure, year by year
Instant PDF download
About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 08411560. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Cornerstone Insurance Brokers’s history from the FCA register and Companies House, newest first.

Key events (9) All events (28)

2025

25 November 2025

  • Independent Broking Solutions Limited took control (75–100% of shares)
  • Patricia Joan Hannam gave up control

Companies House

2022

26 October 2022

  • Andrew Charles Herbert no longer has significant control
  • Nicholas Beresford Readings no longer has significant control
  • Patricia Joan Hannam took control (75–100% of shares)

Companies House

2016

6 April 2016

  • Andrew Charles Herbert gained significant control
  • Nicholas Beresford Readings gained significant control

Companies House

2013

20 February 2013

  • Incorporated at Companies House

Companies House

2012

11 December 2012

  • Became an appointed representative

FCA register

In the full report: all 28 events

  • All 28 events in its history (9 shown here)
  • Every director appointment and resignation: 8
Instant PDF download

Firms connected to Cornerstone Insurance Brokers

Other FCA-listed firms that share a director, phone number or address with Cornerstone Insurance Brokers. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
12
share a director
12
share its phone number
8

In the full report: all 12 connected firms, named

  • How each is linked: shared directors (12), the same phone number (8), the same postcode (9)
  • Who links each one: the named directors, with dates
Instant PDF download

Firms like Cornerstone Insurance Brokers

Other firms of the same type (insurance broker), nearest first.

In London

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Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Cornerstone Insurance Brokers

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 91 other companies its directors have run, named
  • 2 background checks on its contact details, 1 flagged
  • 6 years of accounts, charted
  • All 28 events in its history
  • 12 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Cornerstone Insurance Brokers Limited FCA authorised?
Cornerstone Insurance Brokers Limited (FRN 592670) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Cornerstone Insurance Brokers?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Cornerstone Insurance Brokers Limited (FRN 592670) is an AR of Independent Broking Solutions Limited (FRN 312026). When you use Cornerstone Insurance Brokers's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Cornerstone Insurance Brokers, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Cornerstone Insurance Brokers’ phone number?
The FCA register lists the phone number 020 3621 4759 for Cornerstone Insurance Brokers. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 23 other FCA firms, one of which is no longer authorised.
Is Cornerstone Insurance Brokers a scam or clone?
Cornerstone Insurance Brokers is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Cornerstone Insurance Brokers?
Protection works through Independent Broking Solutions Limited, the principal firm responsible for Cornerstone Insurance Brokers's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Cornerstone Insurance Brokers?
Cornerstone Insurance Brokers is owned by Independent Broking Solutions Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 25 November 2025. Before that, it was controlled by Mr Andrew Charles Herbert, Mr Nicholas Beresford Readings and Mrs Patricia Joan Hannam.
Who runs Cornerstone Insurance Brokers?
Companies House lists 2 directors of Cornerstone Insurance Brokers: Andrew Charles Herbert and Nicholas Beresford Readings.
How long has Cornerstone Insurance Brokers been in business?
The company was formed on 20 February 2013.
What do Cornerstone Insurance Brokers’ latest accounts show?
Its latest accounts, to 31 December 2024, show net assets of £12.0k (−69% from £38.4k).
Does Cornerstone Insurance Brokers use any other names?
It trades as MASMAK, MASMAK International and Safeshare. It has previously used 4 other names, including Aircraft Risk Company (London), ARC (London) and James Steele & Associates.

Sources and links

The full report on Cornerstone Insurance Brokers Limited

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