GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED

1. GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED 2000-09-27 → present
2. BRITISH AVIATION INSURANCE GROUP LIMITED 1990-10-18 → 2000-09-27
3. BAIG UNDERWRITING AGENCY LIMITED 1990-08-01 → 1990-10-18
4. HACKREMCO (NO.595) LIMITED 1990-06-14 → 1990-08-01

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

IFRS

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED · parent
   1. GAUM Holdings Inc. 1% · Delaware, USA
   2. Global Aerospace, Inc. 1% · Delaware, USA · management company for the Group in the US
   3. Fireside Partners Inc. 1% · Delaware, USA
   4. Global Aerospace Underwriting Managers (Canada) Limited 1% · Canada · management company for the Group in Canada
   5. Global Aerospace Underwriting Managers (Europe) SAS 1% · France · management company for the Group in the European Union
   6. British Aviation Insurance Group (Underwriting Services) Limited 1% · England · dormant
   7. British Aviation Insurance Group (Technical Services) Limited 1% · England · dormant
   8. BAIG Limited 1% · England · dormant
   9. Global Aerospace Underwriters Limited 1% · England · dormant
   10. Associated Aviation Underwriters Limited 1% · England · dormant
   11. Global Limited 1% · England · dormant

Significant events

• “Annuitisation of Remaining Uninsured UK Defined Benefit Pension Liabilities On 29 January 2025, the trustee of the UK pension scheme signed an agreement with Aviva Life and Pensions UK Ltd to annuitise all the scheme's remaining uninsured defined benefit pension liabilities, effective 31 January 2025. The buy-in was executed in two stages.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -11.6%

  £91,305,000 → £80,751,000

• Cash

  +31.4%

  £27,486,000 → £36,117,000

• Net assets

  +2.8%

  £100,716,000 → £103,585,000

• Employees

  -2.9%

  349 → 339

• Operating profit

  -31.6%

  £19,764,000 → £13,510,000

• Profit before tax

  -18.1%

  £21,612,000 → £17,694,000

• Wages

  -11.4%

  £43,809,000 → £38,799,000

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