WILLIS FABER LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-15 (in 1y)
Last made up 2026-05-01
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£233M
-45.4% vs 2023
Employees
0
Average over period
Profit before tax
£6B
+1,183.7% vs 2023
Name history
Renamed 3 times since incorporation
- WILLIS FABER LIMITED 1990-10-08 → present
- WILLIS CORROON PLC 1990-06-08 → 1990-10-08
- WILLIS GROUP LIMITED 1989-05-15 → 1990-06-08
- WILLIS FABER (MANCHESTER) LIMITED 1978-09-01 → 1989-05-15
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£6,000,000 | £3,000,000 | |
| Profit before tax | £447,000,000 | £5,738,000,000 | |
| Net profit | £452,000,000 | £5,743,000,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £856,000,000 | £233,000,000 | |
| Net assets | £427,000,000 | £233,000,000 | |
| Equity | £427,000,000 | £233,000,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 |
|---|---|---|---|
| Return on capital employed | -0.7% | 1.3% | |
| Current ratio | 0.67x | 30.13x | |
| Interest cover | -0.29x | 0.12x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- WILLIS FABER LIMITED · parent
- Faber Global Limited 100%
- Friars Street Trustees Limited 100%
- PMI HEALTH GROUP LIMITED 100%
- Corporate Medical Management Limited 100%
- Private Medicine Intermediaries Limited 100%
- PMIHG HOLDINGS LIMITED 100%
- Willis Corporate Director Services Limited 100%
- Willis Corroon (FR) Limited 100%
- Willis Corroon Financial Planning Limited 100%
- Willis Corroon Licensing Limited 100%
- Willis Employee Benefits Limited 100%
- Willis Faber Underwriting Agencies Limited 100%
- Willis Faber Underwriting Services Limited 100%
- Willis Japan Limited 100%
- Willis PMI Group Limited 100%
- Willis Structured Financial Solutions Limited 100%
Significant events
- “On 22 November 2024, the Company reduced its share capital by a total of £193 million. The Company: cancelled and extinguished 26,259,000 ordinary shares of £1 each, leaving one ordinary share of £1; cancelled its entire share premium account; and credited the total proceeds of £193 million to its distributable reserves account.”
- “On 29 November 2024, the Company sold all but 818 shares in Willis Towers Watson SA/NV to Willis Europe B.V. for a Euro-denominated note issued by Willis Europe B.V. to the Company to the value of €485 million (£405 million) (the "First SA/NV Note").”
- “On 29 November 2024, The Company sold the remaining 818 shares in Willis Towers Watson SA/NV to Willis International Limited for a sterling-denominated note to the value of £0.2 million (the "WIL SA/NV Note").”
- “On 29 November 2024, Willis Japan Limited distributed to the Company a sterling denominated note of £29 million due from Willis Group Limited (the "WJL Subsidiaries Note") and a short-term facility balance due from Trinity Acquisition plc of £5 million.”
- “On 29 November 2024, The Company distributed the WJL Subsidiaries Note of £29 million to Willis Group Limited by way of a dividend, at which point the WJL Subsidiaries Note was extinguished.”
- “On 29 November 2024, The Company sold to Wills International Limited its interest in Trinity Processing Services Limited and its interest in Willis Group Services Limited for the issuance by Willis International Limited to the Company of two sterling-denominated loan notes to the value of £4 million and £48 million respectively (the "First and Second WFL Subsidiaries Notes").”
- “On 16 December 2024, The Company sold to Willis Group Limited its interests in Willis Limited and Willis International Limited for the issuance of three sterling-denominated loan notes by Willis Group Limited to the Company to the values of £2,514 million, £3,203 million and £250 million, the "Third, Fourth and Fifth WFL Subsidiaries Notes" respectively.”
- “On 16 December 2024, The Company distributed the First, Second, Third and Fourth WFL Subsidiaries Notes to Willis Group Limited by way of a dividend. As a result, the Third and Fourth WFL Subsidiaries Notes were extinguished.”
- “On 16 December 2024, Willis Europe B.V. repaid to the Company the total amount, including accrued interest, owing under the First SA/NV Note of €486 million. The Company deposited the sterling equivalent amount of £405 million with Trinity Acquisition plc under a pre-existing facility agreement.”
- “On 16 December 2024, Willis Group Limited repaid to the Company the Fifth WFL Subsidiaries Note to the value of £250 million. The Company deposited the receipt of £250 million with Trinity Acquisition plc under a pre-existing facility agreement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAMMOND-WEST, Rosemary Hazel | Director | 2024-09-17 | Feb 1969 | British |
| HOLLANDS, Paul Daniel | Director | 2022-02-23 | Jan 1974 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRYANT, Shaun Kevin | Secretary | 2005-03-03 | 2010-09-07 |
| CHITTY, Michael Patrick | Secretary | — | 2001-05-21 |
| DOWDING, Marcus Philip | Secretary | 2017-12-13 | 2019-08-03 |
| PEEL, Alistair Charles | Secretary | 2012-09-03 | 2016-07-22 |
| WARREN, Tracy Marina | Secretary | 2001-05-21 | 2005-03-03 |
| WILLIS CORPORATE SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2010-09-08 | 2012-09-03 |
| ALCOCK, Steven James | Director | 2016-01-29 | 2022-02-23 |
| CHITTY, Michael Patrick | Director | 1999-01-18 | 2009-07-31 |
| COLRAINE, Thomas | Director | 1997-10-16 | 2006-12-31 |
| DALZELL, Richard Arthur | Director | 1994-03-31 | 1997-08-31 |
| ELLIOTT, Roger John | Director | — | 1995-12-31 |
| GREGORY, Adrian Airlie | Director | — | 1993-06-30 |
| NIXON, George Frederick | Director | 1994-09-01 | 2000-12-31 |
| REGAN, Patrick Charles | Director | 2007-01-01 | 2010-02-19 |
| ROBINS, John Vernon Harry | Director | — | 1994-03-31 |
| TAYLOR, John Maxwell Percy | Director | 1994-09-01 | 1997-12-31 |
| WOOD, Stephen Edward | Director | 2009-08-24 | 2016-01-29 |
| WILLIS CORPORATE DIRECTOR SERVICES LIMITED | Corporate Director | 2010-03-18 | 2024-09-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Willis Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 254 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-22 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-11-22 | SH20 | capital | Legacy | |
| 2024-11-22 | CAP-SS | insolvency | Legacy | |
| 2024-11-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-16 | AA | accounts | Accounts with accounts type full | |
| 2021-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-45.4%
£427,000,000 £233,000,000
-
Employees
—
Not reported
-
Operating profit
+150%
-£6,000,000 £3,000,000
-
Profit before tax
+1,183.7%
£447,000,000 £5,738,000,000
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