TRAVELERS MANAGEMENT LIMITED

1. TRAVELERS MANAGEMENT LIMITED 2008-02-01 → present
2. ST. PAUL TRAVELERS MANAGEMENT LIMITED 2004-10-29 → 2008-02-01
3. ST. PAUL MANAGEMENT LIMITED 1988-01-29 → 2004-10-29
4. ST PAUL MANAGEMENT LIMITED 1988-01-04 → 1988-01-29
5. PRESCOT UNDERWRITING & MANAGEMENT SERVICES LIMITED 1979-12-31 → 1988-01-04
6. PRESCOT UNDERWRITING AGENCIES LIMITED 1977-12-31 → 1979-12-31
7. MINET UNDERWRITING SERVICES LIMITED 1976-12-31 → 1977-12-31
8. J. AKIN GEORGE, MINET & CO. LIMITED 1970-02-12 → 1976-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the suitability of using the Going Concern assumption in preparing these accounts. In making this assessment they have looked forward for a period of twelve months from the date these accounts are signed. There are no dates after this period that are material to the assessment of going concern. The Company does not have any external debt. The Directors have considered the funding requirements of the pension scheme, the latest three year plan and the fact that its principal customers, Travelers Insurance Company Limited, Aprilgrange Limited and F&G UK Underwriters Limited are fellow group companies and are obligated to reimburse the Company for expenditure incurred on its behalf. Based on this the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors have therefore concluded that it remains appropriate to continue to prepare the Company's financial statements using the Going Concern assumption.”

Significant events

• “No dividend was paid during the year (2023: nil).”
• “In July 2024, the Court of Appeal upheld the decision in Virgin Media Ltd v NTL Pension Trustees II Ltd, confirming that certain amendments made to contracted-out defined benefit pension schemes between 1997 and 2016 are void unless a statutory actuarial certificate (under section 37 of the Pension Schemes Act 1993) was obtained at the time. The Company is reviewing past amendments to its defined benefit scheme to assess compliance with these requirements. At this stage, the financial impact, if any, is uncertain. In June 2025, the Government has announced its intention to introduce legislation allowing retrospective certification, therefore, in management's view there is a remote possibility of any future economic outflows and inflows. No adjustment has been made in these financial statements pending further clarification.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +19.1%

  £147,231,000 → £175,327,000

• Cash

  -12.2%

  £4,108,000 → £3,606,000

• Net assets

  +37.6%

  £19,273,000 → £26,523,000

• Employees

  +9.9%

  748 → 822

• Operating profit

  +32%

  £6,150,000 → £8,115,000

• Profit before tax

  +57.5%

  £6,744,000 → £10,624,000

• Wages

  +11.2%

  £71,275,000 → £79,266,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers