FARADAY UNDERWRITING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-28 (in 6mo)
Last made up 2025-11-14
Watchouts
None on the register
Cash
£7M
+6% vs 2023
Net assets
£7M
+6% vs 2023
Employees
—
Average over period
Profit before tax
£526K
-1.1% vs 2023
Name history
Renamed 3 times since incorporation
- FARADAY UNDERWRITING LIMITED 2001-05-04 → present
- D P MANN LIMITED 1997-09-12 → 2001-05-04
- D.P. MANN UNDERWRITING AGENCY LIMITED 1983-04-26 → 1997-09-12
- TERLVEST LIMITED 1982-11-29 → 1983-04-26
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 | £2,176,000 | £2,176,000 | |
| Operating profit | £532,000 | £526,000 | |
| Profit before tax | £532,000 | £526,000 | |
| Net profit | £405,000 | £393,000 | |
| Cash | £6,579,000 | £6,975,000 | |
| Total assets less current liabilities | £6,580,000 | £6,973,000 | |
| Net assets | £6,580,000 | £6,973,000 | |
| Equity | £6,580,000 | £6,973,000 | |
| Average employees | — | — | |
| 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 |
|---|---|---|---|
| Operating margin | 24.4% | 24.2% | |
| Net margin | 18.6% | 18.1% | |
| Return on capital employed | 8.1% | 7.5% | |
| Current ratio | — | 3487.50x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Although there have been losses due to the various events the directors, having made enquiries, have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis continues to be adopted in preparing the Annual Report and Financial Statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 42 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICHARDSON, Elisabeth Anne | Secretary | 1996-02-28 | — | British |
| BLIGHT, Paul Frazer | Director | 2023-11-06 | Sep 1962 | British |
| CORTESE, Vincenzina | Director | 2024-09-06 | May 1974 | British |
| D'ARCY, Andrew Michael | Director | 2014-08-20 | Feb 1983 | British,Irish |
| FRANKLAND, Nicholas Charles | Director | 2024-02-01 | Jun 1958 | British |
| HARKER, Kevin James | Director | 2017-10-04 | Jun 1972 | British |
| HOSKING, Michael Christopher | Director | 2024-08-29 | Dec 1982 | British |
| MICHAEL, Stephen Andrew | Director | 2016-12-22 | Sep 1961 | British |
| PETRIE, Andrea Maxine | Director | 2023-09-21 | Dec 1972 | Irish |
| SHELLEY, Thomas Edward | Director | 2017-10-02 | Dec 1971 | British |
Show 42 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORBES, Christopher David | Secretary | 1992-02-04 | 1996-02-28 |
| MACKENZIE, Robert Chase | Secretary | — | 1992-02-04 |
| BADDELEY, Andrew Martin | Director | 2006-06-22 | 2007-11-06 |
| BARTON, Nigel Anthony | Director | — | 2002-10-14 |
| BASS, Gary | Director | 1992-06-01 | 2005-04-29 |
| BEAZLEY, Andrew Frederick | Director | 1994-01-26 | 1997-01-01 |
| BOLT, Thomas Allen | Director | 2016-10-03 | 2017-12-22 |
| CEURVORST, Paul Norman Edward, Mr. | Director | 2003-12-11 | 2016-04-30 |
| DARCY, Anthony Richard Hugh | Director | 1996-04-24 | 1997-04-30 |
| FINLAY, Nigel John | Director | 2010-02-22 | 2013-02-04 |
| FORBES, Christopher David | Director | 1992-02-04 | 2002-04-12 |
| GEDEN, Ian Scott | Director | 2012-07-01 | 2018-06-30 |
| GERHARDT, Hans-Peter Thomas | Director | 2001-01-01 | 2003-02-26 |
| GLAISHER, Charles Frederick | Director | 2010-02-26 | 2013-02-04 |
| HARDIE, Charles Jeremy Mawdesley | Director | — | 1999-06-30 |
| KEELING, Richard John Ratcliffe | Director | — | 1993-10-20 |
| LANGE, Michael Clemens Anton | Director | 2003-06-19 | 2003-11-07 |
| LORD ASHTON OF HYDE, Thomas Henry, The Honourable | Director | 1996-02-28 | 2013-05-16 |
| LOWTON, Mark | Director | 2008-07-25 | 2009-05-15 |
| LUTKE-BORNEFELD, Peter | Director | 2008-07-25 | 2010-03-31 |
| MACKENZIE, Malcolm Seaforth | Director | — | 1996-01-01 |
| MACKENZIE, Robert Chase | Director | 1997-01-01 | 2002-04-25 |
| MACKENZIE, Robert Chase | Director | — | 1996-01-01 |
| MANN, David Preston | Director | — | 2008-07-11 |
| MASTERS, Terence Rodney | Director | 2018-01-01 | 2026-05-02 |
| MCCAFFREY, Timothy Temple | Director | 2005-02-08 | 2005-07-15 |
| MERRICK, Joanne | Director | 2005-02-11 | 2013-02-04 |
| MOON, Jonathan Godfrey | Director | 1997-11-26 | 1999-06-18 |
| O'DEA, Michael Patrick | Director | 2001-01-01 | 2014-08-15 |
| PHILLIPS OF SUDBURY OBE, Andrew Wyndham, Lord | Director | 1999-07-29 | 2010-12-31 |
| PIKE, Martin St Clair | Director | 2015-05-18 | 2024-05-31 |
| RAND, Peter John | Director | — | 1996-08-28 |
| RAYNER, Mark Jonathan | Director | 2003-12-09 | 2017-05-05 |
| TAYLOR, Peter Richard, Dr | Director | 1998-01-26 | 2005-12-31 |
| TAYLOR, Peter Richard | Director | 1996-02-28 | 1997-01-01 |
| THOMAS, Allen Lloyd | Director | 2010-04-29 | 2016-04-28 |
| THORNE, Christopher Frederick Escott | Director | 2017-09-13 | 2023-07-14 |
| TOFFANELLO, Pietro Andrea | Director | 2016-01-15 | 2016-10-01 |
| TOLLE, Rolf Albert Wilhelm | Director | 2001-09-27 | 2003-02-28 |
| TOVEY, Simon George Houghton | Director | 2001-09-27 | 2010-08-31 |
| VOCKE, Damon Nicholas | Director | 2005-08-04 | 2016-05-13 |
| VUKELIC, Milan | Director | 2002-11-08 | 2005-07-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Faraday Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 265 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | CH01 | officers | Change person director company with change date | |
| 2025-09-16 | CH01 | officers | Change person director company with change date | |
| 2025-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-03 | CH01 | officers | Change person director company with change date | |
| 2023-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-24 | AA | accounts | Accounts with accounts type full | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-19 | AA | accounts | Accounts with accounts type full | |
| 2021-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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%
£2,176,000 £2,176,000
-
Cash
+6%
£6,579,000 £6,975,000
-
Net assets
+6%
£6,580,000 £6,973,000
-
Employees
—
Not reported
-
Operating profit
-1.1%
£532,000 £526,000
-
Profit before tax
-1.1%
£532,000 £526,000
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