Principal Insurance Limited

Reference number: 551900

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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 principalinsurance.co.uk first appeared online, and whether it can receive email
  • What kind of line 0161 972 2779 is
  • Who else gives the postcode M33 7JR
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Other names (22)

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

  • Bike Team Trading name
  • Principal Telematics Trading name
  • Sorn Insurance Trading name
  • Benelli Insurance Former trading name
  • Cagiva Insurance Former trading name
  • Daelim Insurance Former trading name
  • DMC Insurance Services Former trading name
  • Indian Insurance Former trading name
  • Keeway Insurance Former trading name
  • Monkey Compare Former trading name
  • monkey Insurance Former trading name
  • Moto GB Insurance Services Former trading name
  • MV Augusta Insurance Former trading name
  • MV Insurance Former trading name
  • Peart Insurance Brokers Former trading name
  • Performance Marque Former trading name
  • Rampdale Former trading name
  • Rampdale Insurance Services Former trading name
  • Sym Insurance Former trading name
  • Victory Insurance Former trading name
  • Victory Motorcyle Insurance Former trading name
  • Victory Owners Insurance 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)
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Debt Administration
  • 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
07623634
Company status
Active
Company type
Private limited company
Incorporated
5 May 2011 (15 years old)
Registered office
Citygate 2 Cross Street, Sale, Cheshire, M33 7JR, United Kingdom
Nature of business
  • Activities of insurance agents and brokers (SIC 66220)

Directors and company secretaries

Name Role Born Appointed Other companies
David Edward Bowcock Director Apr 1973 8 Jun 2011 13 other companies
Marcin Musial Director Apr 1977 1 Dec 2022 5 other companies
Sharron Michelle Titterington Director Nov 1976 1 Jan 2026 2 other companies
Sharron Michelle Titterington Secretary Not published 4 Jun 2019 –

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
13
closed down
3
are FCA-registered
5

In the full report: all 13 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 5 on the FCA register, including one no longer authorised
  • The 5 companies these 3 directors run together
  • All 6 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 October 2025Full accountsAudited

Turnover

£6.95m

Not compared: the previous accounts cover a different length of time

Profit before tax

£682k

Not compared: the previous accounts cover a different length of time

Net assets

£3.76m

+28% from £2.95m

Cash at bank

£1.94m

−13% from £2.23m

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2019 to 2025
  • Both charts, 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.

Accounts filed at Companies House for company 07623634. 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

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

Key events (5) All events (58)

2016

6 April 2016

  • Principal Group Holdings Limited took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2011

5 August 2011

  • Became authorised by the FCA

FCA register

1 August 2011

  • Regulated by the Financial Services Authority from this date

FCA register

5 May 2011

  • Incorporated at Companies House

Companies House

In the full report: all 58 events

  • All 58 events in its history (5 shown here)
  • Every director appointment and resignation: 9
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Firms connected to Principal Insurance

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

connected firms
4
no longer authorised
1
share a director
4

In the full report: all 4 connected firms, named

  • How each is linked: shared directors (4)
  • Who links each one: the named directors, with dates
  • 1 past link through former directors
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Firms like Principal Insurance

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

In Sale

TBO Services LimitedSaleAuthorisedBankhall Support Services LimitedSaleAuthorisedEssential Finance Group Management LimitedSaleAuthorisedSale Insurance Services LtdSaleAuthorisedDragon Mortgages LimitedSaleAppointed representativeEssential Finance Group (UK) LtdSaleAppointed 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 Principal Insurance

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

  • 13 other companies its directors have run, named
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 58 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Principal Insurance Limited FCA authorised?
Yes, Principal Insurance Limited (FRN 551900) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2011 and works as an insurance broker. The FCA has placed no limits on its permissions.
What is Principal Insurance’s phone number and website?
The FCA register lists the phone number 0161 972 2779 and the website principalinsurance.co.uk for Principal Insurance. If you were given different contact details, use these to check with the firm before going any further.
Is Principal Insurance a scam or clone?
Principal 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 Principal 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 Principal Insurance to the Financial Ombudsman Service, free of charge.
Who owns Principal Insurance?
Principal Insurance is owned by Principal Group Holdings Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 April 2016.
Who runs Principal Insurance?
Companies House lists 3 directors of Principal Insurance: David Edward Bowcock, Marcin Musial and Sharron Michelle Titterington.
How long has Principal Insurance been in business?
The company was formed on 5 May 2011, and has held its current FCA authorisation since August 2011.
What do Principal Insurance’s latest accounts show?
Its latest accounts, to 31 October 2025, show turnover of £6.95m (not compared: the previous accounts cover a different length of time) and profit before tax of £682k (not compared: the previous accounts cover a different length of time).
Does Principal Insurance use any other names?
It trades as Bike Team, Principal Telematics and Sorn Insurance. It has previously used 19 other names, including Benelli Insurance, Cagiva Insurance and Daelim Insurance.

Sources and links

The full report on Principal Insurance Limited

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