# Audit result

*The business owner, finding out what their own books say they need and what it would cost.*

- Business: Northgate Advisory Ltd (`northgate-advisory`), fictional, with synthetic transactions
- Rendered from: https://itspickle.app/audit?demo=northgate-advisory
- As JSON: https://itspickle.app/api/audit?demo=northgate-advisory

## The verdict

**No Public Liability recorded**

Covers the cost when the work injures somebody else or damages their property. Set at £5,000,000 because commercial sites normally require it in the contract; turnover this size comes with bigger jobs.

0 urgent findings, 3 findings in total, across 4 cover lines.

## The position

What the books indicate, against what is actually held.

| Cover | Basis | Indicated | Held |
|---|---|---|---|
| Employers' Liability | legal | £10,000,000 | £10,000,000 |
| Public Liability | exposure | £5,000,000 | nothing on file |
| Professional Indemnity | exposure | £2,000,000 | £1,000,000 |
| Legal Expenses | recommended | null | nothing on file |

## Findings

| Severity | Finding | Detail |
|---|---|---|
| attention | No Public Liability recorded | Covers the cost when the work injures somebody else or damages their property. Set at £5,000,000 because commercial sites normally require it in the contract; turnover this size comes with bigger jobs. |
| attention | Professional Indemnity is held at £1,000,000 against an indicated £2,000,000 | A liability limit pays in full up to the limit and nothing above it, so this is not a proportional shortfall like an under-set sum insured. It is the point at which a large claim stops being covered, and the limit was last set in March 2024. |
| good | No Legal Expenses recorded | Covers the legal bill when there is a dispute. Once there are staff there can be an employment tribunal, which is the most common legal expenses claim at this size of business. |

## What was read

| Source | Read | Detail |
|---|---|---|
| companies_house | yes | Northgate Advisory Ltd (13204877), SIC 82990 |
| website | yes | Reads as consultant (high confidence) |
| transactions | yes | 98 rows over 12 months. payroll £104,760/yr, 2 asset purchases, subcontractors £50,400/yr, insurer seen: AXA |

## The profile

- Company: Northgate Advisory Ltd, number 13204877
- Trade: consultant (medium confidence, from website)
- Turnover band: 500k_1m
- Employees: 1 (low confidence)
- Payroll run rate: £104,760
- Register: 2 items, tools at not known replacement value

Payroll proves at least one employee, never how many. A single-employee company whose employee owns
50% or more of the shares is exempt from compulsory employers' liability.

## Still to confirm

- **Is this the right description of what the business does?** Found: Consultant (website, medium confidence)
- **How many people does the business employ, excluding directors and partners?** Found: At least 1, from wages running at about £104,760 a year over 12 months (transactions, low confidence)

## Indicative price

£85.81 to £134.23 a month, £1,030 to £1,611 a year.

Anchored on Admiral Business's published Public Liability rate of £6.07 a month (single carpenter, £1,000,000 cover, as at 22 April 2026). Employers' Liability: 1 employee at £5 for the first and £3.5 thereafter, × 1.00 trade risk. Public Liability: £6.07 anchor × 0.7 trade risk × 1.6 cover level × 3.8 turnover. Professional Indemnity: £13.5 at £250,000 × 2.8 cover level × 1.95 turnover (dampened). Legal Expenses: flat £5.5. Band is ±22%.

This is a band derived from published rates. It is not a quote, it is not an offer of cover, and
nothing on this deployment can bind cover.

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Illustrative only. This is a statement of demands and needs based on public records and information you confirm, not a personal recommendation or a quote. Prices are banded estimates derived from published rates and are not an offer of cover.