Mechanical Breakdown and General Insurance Services Limited: FCA regulated?

Authorised by the FCA

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

Authorised for 21 years
Your funds are protected by FSCS
No FCA actions
Active company since 1980
Accounts filed up to 31 March 2025

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.

Website

mbginsurance.co.uk (opens in a new tab)
Phone number

0191 259 6378
Address

Mechanical Breakdown & General Insurance Services Ltd, Cobalt Business Exchange, Cobalt Park Way, Wallsend, Tyne and Wear, NE28 9NZ, United Kingdom

In the full report: 3 background checks

When mbginsurance.co.uk first appeared online, and whether it can receive email
What kind of line 0191 259 6378 is
Who else gives the postcode NE28 9NZ

Other names (3)

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

M B & G Insurance Trading name: A name it trades under now.
MyCoverPlan Trading name: A name it trades under now.
MB&G Direct Former trading name: A name it used to trade under.

FCA permissions and consumer protection

Hold or safeguard your money · 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.
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.
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 (6 permissions)

Advising on investments (except on Pension Transfers and Pension Opt Outs)
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: 01478159 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 8 February 1980 (46 years old)
Registered office: Cobalt Business Exchange, Cobalt Park Way, Wallsend, Tyne And Wear, NE28 9NZ, England
Nature of business: Non-life insurance (SIC 65120)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Robert James Clark	Director	Jun 1965	4 Feb 2016	20 other companies
Nicholas Scott Howard	Director	Feb 1958	4 Feb 2016	9 other companies
Paul Kenneth Smith	Director	Jun 1959	15 Nov 2018	1 other company
Robert James Clark	Secretary	Not published	4 Feb 2016	–

Other companies run by these 3 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: 22
closed down: 11
went insolvent: 1

In the full report: all 22 companies, named

What each company does, and whether it is still trading
Which of these 3 directors sit on each board, and since when
The one that went into liquidation or administration
The 2 on the FCA register
The 8 companies these 3 directors run together
All 8 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 March 2025Small company accountsNot audited

Net assets

£401k

+5.9% from £378k

Cash at bank

£3.08m

+85% from £1.66m

Employees (average)

49

+2.1% from 48

Owed within a year

£7.83m

+45% from £5.40m

Assets and liabilities

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 01478159. 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

This firm’s history from the FCA register and Companies House, newest first.

Key events (5) All events (22)

2016

6 April 2016

Aros Holdings Limited took control (75–100% of shares)

Companies House

2013

1 April 2013

Regulated by the FCA from this date

FCA register

2005

14 January 2005

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

FCA register

1980

8 February 1980

Incorporated at Companies House

Companies House

In the full report: all 22 events

All 22 events in its history (5 shown here)
Every director appointment and resignation: 10

Connected firms

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

connected firms: 5
share a director: 1
share its postcode: 4

In the full report: all 5 connected firms, named

How each is linked: shared directors (1), the same postcode (4)
Who links each one: the named directors, with dates
1 past link through former directors

Similar firms

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

In Wallsend

Bestford Insurance Brokers LtdWallsendAuthorised Howard Insurance Services LimitedWallsendAuthorised DJMH Financial Services LtdWallsendAppointed representative Giraffe Lets LtdWallsendAppointed representative Letsmove Residential LtdWallsendAppointed 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 this firm

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
All 22 events in its history
5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Mechanical Breakdown and General Insurance Services Limited FCA authorised?

Yes, Mechanical Breakdown and General Insurance Services Limited (FRN 306978) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since January 2005 and works as an insurance broker. The FCA has placed no limits on its permissions.

What is Mechanical Breakdown and General Insurance Services’ phone number and website?

The FCA register lists the phone number 0191 259 6378 and the website mbginsurance.co.uk for Mechanical Breakdown and General Insurance Services. If you were given different contact details, use these to check with the firm before going any further.

Is Mechanical Breakdown and General Insurance Services a scam or clone?

Mechanical Breakdown and General Insurance Services 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 Mechanical Breakdown and General Insurance Services?

It is permitted to hold and control client money, which it must keep separate from its own. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Mechanical Breakdown and General Insurance Services to the Financial Ombudsman Service, free of charge.

Who owns Mechanical Breakdown and General Insurance Services?

Mechanical Breakdown and General Insurance Services is owned by Aros Holdings Limited, which holds 75–100% of shares and 75–100% of votes, since 6 April 2016.

Who runs Mechanical Breakdown and General Insurance Services?

Companies House lists 3 directors of Mechanical Breakdown and General Insurance Services: Robert James Clark, Nicholas Scott Howard and Paul Kenneth Smith.

How long has Mechanical Breakdown and General Insurance Services been in business?

The company was formed on 8 February 1980, and has held its current FCA authorisation since January 2005.

What do Mechanical Breakdown and General Insurance Services’ latest accounts show?

Its latest accounts, to 31 March 2025, show net assets of £401k (+5.9% from £378k) and cash at bank of £3.08m (+85% from £1.66m).

Does Mechanical Breakdown and General Insurance Services use any other names?

It trades as M B & G Insurance and MyCoverPlan. It has previously used the name MB&G Direct.