MARSH LIMITED

1. MARSH LIMITED 1999-07-01 → present
2. J&H MARSH & MCLENNAN LTD. 1997-10-01 → 1999-07-01
3. C.T. BOWRING & CO. LIMITED 1982-12-31 → 1997-10-01
4. MARCLEN LIMITED 1980-07-11 → 1982-12-31

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months after signing the financial statements and, therefore, continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. MARSH LIMITED · parent
   1. Guy Carpenter & Company Gmbh 0.41% · Germany
   2. Guy Carpenter & Company Limited 1% · United Kingdom
   3. Hamilton Bond Limited 1% · United Kingdom
   4. Jelf Insurance Brokers Limited 1% · United Kingdom
   5. JLT Insurance Group Holdings Limited 1% · United Kingdom
   6. JLT Reinsurance Brokers Limited 1% · United Kingdom
   7. JLT Specialty Limited 1% · United Kingdom
   8. Marine, Aviation & General (London) Limited 0.25% · United Kingdom
   9. MMC Securities Limited 1% · United Kingdom

Significant events

• “In December 2025, a subsidiary of the Company performed a buy back of its shares for consideration of £33 million. The Company recognised a gain of £9 million in the Statement of Comprehensive Income in relation to this sale and held no further shares in the subsidiary following the transaction.”
• “In June 2023, White Oak, a loss payee, filed a claim in the High Court of Justice in London against Marsh Limited., related to White Oak's purchase of accounts receivable from Greensill. In May 2025, Marsh Limited. reached a settlement with White Oak to resolve the matter in the U.K.”
• “In January 2026, a fellow group undertaking performed a buy back of all the shares held by Marsh Limited for consideration of £261 million resulting in a gain of £174 million.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -0.6%

  £1,796,000,000 → £1,786,000,000

• Cash

  +2.4%

  £3,012,000,000 → £3,085,000,000

• Net assets

  -29.1%

  £1,707,000,000 → £1,211,000,000

• Employees

  —

  Not reported

• Operating profit

  -92%

  £375,000,000 → £30,000,000

• Profit before tax

  -80.1%

  £447,000,000 → £89,000,000

• Wages

  -3.4%

  £671,000,000 → £648,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers