MUNICH RE SPECIALTY INSURANCE (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
Cash
£15M
+9.6% vs 2023
Net assets
£4M
+71.6% vs 2023
Employees
103
0% vs 2023
Profit before tax
-£4M
+36.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 4 times since incorporation
- MUNICH RE SPECIALTY INSURANCE (UK) LIMITED 2021-12-29 → present
- NMU (SPECIALTY) LTD 2018-03-07 → 2021-12-29
- NORTHERN MARINE UNDERWRITERS LIMITED 1982-08-26 → 2018-03-07
- NAIRNE, BAVIN & CO. LIMITED 1976-12-31 → 1982-08-26
- ALBISTAN LIMITED 1976-06-11 → 1976-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £19,561,318 | £19,643,639 | |
| Operating profit | -£5,621,450 | -£5,543,636 | |
| Profit before tax | -£5,670,925 | -£3,599,328 | |
| Net profit | -£4,391,671 | -£2,744,354 | |
| Cash | £13,864,377 | £15,191,589 | |
| Total assets less current liabilities | £3,819,152 | £5,499,866 | |
| Net assets | £2,452,516 | £4,208,162 | |
| Equity | £2,452,516 | £4,208,162 | |
| Average employees | 103 | 103 | |
| Wages | £10,109,520 | £11,805,325 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -28.7% | -28.2% | |
| Net margin | -22.5% | -14.0% | |
| Return on capital employed | -147.2% | -100.8% | |
| Gearing (liabilities / total assets) | 88.1% | 80.6% | |
| Current ratio | 1.22x | 1.33x | |
| Interest cover | -113.62x | -99.54x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The MRSI board are comfortable that these statutory accounts are prepared and signed on a going concern basis.”
Significant events
- “The sale of GJW Direct book of business was completed in April 2025, with proceeds received on 10 April 2025. Starting 1 January 2025, MRSI changed its business model from a fixed commission model to a variable commission model with the Syndicate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 42 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZAREMBA, Constance | Secretary | 2023-07-28 | — | — |
| ATKINSON, Neil Gordon | Director | 2025-06-09 | Dec 1974 | British |
| CHAMPION, Danielle Lucy | Director | 2023-11-07 | Aug 1978 | British |
| HALIL, Mehmet | Director | 2025-06-09 | Feb 1984 | British |
| NAUJOKS, Marcel Bruno, Dr | Director | 2023-09-08 | Oct 1979 | German |
| SINCLAIR, Silvi Wompa | Director | 2024-09-23 | Dec 1978 | Swedish |
| SMITH, Guy Alan | Director | 2024-09-05 | Feb 1975 | British |
Show 42 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DICKINSON, Patricia | Secretary | 1994-09-01 | 2016-03-15 |
| FAIRBAIRN, Lisa Michelle | Secretary | 2018-05-11 | 2023-07-28 |
| LIMB, Nicholas | Secretary | 2016-03-15 | 2018-05-11 |
| PALLOT, Hugh Glenn (Resigned 22/2/91) | Secretary | — | 1991-02-22 |
| SHEEHY, John Gerrard Joseph | Secretary | 1992-04-11 | 1994-08-31 |
| ARTMANN, Thomas Eduard | Director | 2015-11-16 | 2025-12-31 |
| ATTWOOD, Rhonda Joanne | Director | 2021-10-06 | 2023-07-14 |
| BALL, Colin Stephen | Director | 1999-03-08 | 2017-10-01 |
| BAVIN, Alan Richard | Director | — | 1991-02-22 |
| BURDIN, John George | Director | — | 1996-08-30 |
| BURGESS, Charles Anthony Edward | Director | 2023-07-01 | 2023-09-18 |
| BURGESS, Charles Anthony Edward | Director | 2016-11-17 | 2022-12-31 |
| CABRERA, Elizabeth | Director | 2025-01-21 | 2025-10-10 |
| CLINTON, Mark | Director | 2022-01-05 | 2025-02-24 |
| COSKUN, Timur | Director | 2003-03-06 | 2024-12-31 |
| DOBBY, Leslie Neil | Director | — | 2016-01-01 |
| FLAXMAN, Hannah Jane | Director | 2023-03-30 | 2025-05-19 |
| FROST (RESIGNED 22/2/91), Anthony William | Director | — | 1991-02-22 |
| GRANDE, Roderic William Ricardo | Director | 1999-03-08 | 2015-06-04 |
| GUELFAND, Greg | Director | 2017-09-25 | 2021-03-25 |
| HILL, Gareth Kim | Director | 2023-07-14 | 2025-06-08 |
| HISCOE, Paul David | Director | 2023-06-01 | 2025-03-31 |
| HISCOE, Paul David | Director | 2016-01-01 | 2021-12-31 |
| HOARE, Dominick James Rolls | Director | 2022-01-05 | 2024-09-05 |
| HOARE, Dominick James Rolls | Director | 2015-11-18 | 2017-09-25 |
| LAY, Alexander Stephan | Director | 2022-02-24 | 2022-06-30 |
| LECKIE, John Gordon | Director | 2023-06-01 | 2024-11-13 |
| LIMB, Nicholas | Director | 2016-01-01 | 2020-12-31 |
| MANN, Edward William (Resigned 31/12/90) | Director | — | 1990-12-31 |
| MCADAMS, Robert | Director | 2022-01-05 | 2024-09-05 |
| MCCLEAN, Duncan Thomas | Director | 2016-01-01 | 2021-12-31 |
| NAUJOKS, Marcel Bruno, Dr | Director | 2021-05-01 | 2021-12-31 |
| O'DWYER, Anthony Aidan | Director | 2017-09-25 | 2022-01-11 |
| OSMAN, Levent Atay | Director | 2022-04-04 | 2025-11-06 |
| PERFECT, David Antony | Director | 2000-06-02 | 2023-07-04 |
| RIORDAN, Eamonn Patrick | Director | 2015-11-13 | 2017-09-25 |
| RIORDAN, Eamonn Patrick | Director | 2000-06-02 | 2002-08-16 |
| SAH, Gaurav | Director | 2025-03-31 | 2026-03-31 |
| SHEEHY, John Gerrard Joseph | Director | — | 2015-09-04 |
| SIMSON, Christopher | Director | 2020-06-17 | 2023-08-01 |
| WATKINS, Mark Christopher | Director | 1999-03-08 | 2016-04-21 |
| WILKINSON, John Curt | Director | 2015-11-17 | 2017-09-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Munich Re Specialty Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-05 | Active |
| Mr Charles Anthony Edward Burgess | Individual | Significant influence | 2017-11-16 | Ceased 2019-06-05 |
| Mr John Curt Wilkinson | Individual | Significant influence | 2016-09-01 | Ceased 2017-09-25 |
Filing timeline
Last 20 of 244 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-18 | SH01 | capital | Capital allotment shares | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 6
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.4%
£19,561,318 £19,643,639
-
Cash
+9.6%
£13,864,377 £15,191,589
-
Net assets
+71.6%
£2,452,516 £4,208,162
-
Employees
0%
103 103
-
Operating profit
+1.4%
-£5,621,450 -£5,543,636
-
Profit before tax
+36.5%
-£5,670,925 -£3,599,328
-
Wages
+16.8%
£10,109,520 £11,805,325
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