Cubit Insurance Limited

Reference number: 498324

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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.

In the full report: 3 background checks

  • When cubit-insurance.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 8471 5040 is
  • Who else gives the postcode RM8 1RX
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Other names (4)

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

  • Insuringly Trading name
  • Simple Insurance Services Ltd Former name
  • Simple Insure Former trading name
  • Yelo Former trading name

FCA permissions and consumer protection

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Making arrangements with a view to transactions in investments

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
06831694
Company status
Active
Company type
Private limited company
Incorporated
27 February 2009 (17 years old)
Registered office
Simplex House, Freshwater Road, Dagenham, RM8 1RX, England
Nature of business
  • Non-life insurance (SIC 65120)

Directors and company secretaries

Name Role Born Appointed Other companies
Khabbab Qayyum Mehr Director Aug 1980 27 Feb 2009 22 other companies

Other companies run by its director

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
22
closed down
8
went insolvent
1

In the full report: all 22 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • The one that went into liquidation or administration
  • The one on the FCA register
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 28 February 2025Small company accountsNot audited

Net assets

£407k

+166% from £153k

Cash at bank

£59.3k

No earlier figure to compare

Employees (average)

4

Up 4 from 0

Owed within a year

£157k

+57% from £99.8k

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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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 06831694. 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

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

Key events (9) All events (22)

2024

8 July 2024

  • Sheran Shafiq stopped being a part-owner

Companies House

2022

21 September 2022

  • City Group Inter-Rent Limited became a part-owner (25–50% of shares)

Companies House

2016

6 April 2016

  • Khabbab Qayyum Mehr became the majority owner (50–75% of shares)
  • Sheran Shafiq became a part-owner (25–50% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2010

1 September 2010

  • Changed its registered name from "Simple Insurance Services Ltd"

FCA register

2009

16 June 2009

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

27 February 2009

  • Incorporated at Companies House

Companies House

In the full report: all 22 events

  • All 22 events in its history (9 shown here)
  • Every director appointment and resignation: 5
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Firms connected to Cubit Insurance

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Cubit Insurance

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

In Dagenham

Captain Mortgages LtdDagenhamAppointed representativeConstance Finance LimitedDagenhamAppointed representativeEvolution Finance LtdDagenhamAppointed representativeGiles Finance & Consultancy ServicesDagenhamAppointed representativeMountview Financial Solutions LtdDagenhamAppointed representative

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 Cubit Insurance

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

  • 22 other companies its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 22 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Cubit Insurance Limited FCA authorised?
Yes, Cubit Insurance Limited (FRN 498324) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2009 and works as an insurance broker. The FCA has placed no limits on its permissions.
What is Cubit Insurance’s phone number and website?
The FCA register lists the phone number 020 8471 5040 and the website cubit-insurance.co.uk for Cubit Insurance. If you were given different contact details, use these to check with the firm before going any further.
Is Cubit Insurance a scam or clone?
Cubit Insurance 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 Cubit Insurance?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Cubit Insurance to the Financial Ombudsman Service, free of charge.
Who owns Cubit Insurance?
Companies House lists 2 people with significant control of Cubit Insurance: Mr Khabbab Qayyum Mehr (50–75% of shares) and City Group Inter-Rent Limited (25–50% of shares). Before that, it was controlled by Mr Sheran Shafiq.
Who runs Cubit Insurance?
Companies House lists one director of Cubit Insurance: Khabbab Qayyum Mehr.
How long has Cubit Insurance been in business?
The company was formed on 27 February 2009, and has held its current FCA authorisation since June 2009.
What do Cubit Insurance’s latest accounts show?
Its latest accounts, to 28 February 2025, show net assets of £407k (+166% from £153k) and cash at bank of £59.3k (no earlier figure to compare).
Does Cubit Insurance use any other names?
It trades as Insuringly. It has previously used 3 other names: Simple Insurance Services Ltd, Simple Insure and Yelo.

Sources and links

The full report on Cubit Insurance Limited

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