HARDY UNDERWRITING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-20 (in 6mo)
Last made up 2025-11-06
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£86M
+17.4% vs 2023
Employees
0
Average over period
Profit before tax
£11M
-78.8% vs 2023
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 |
|---|---|---|---|
| Gross written premiums | £364,447,000 | £335,500,000 | |
| Net earned premiums | — | — | |
| Claims incurred | £156,610,000 | £188,422,000 | |
| Investment return | £32,105,000 | £26,294,000 | |
| Profit before tax | £50,672,000 | £10,754,000 | |
| Net profit | £36,375,000 | £12,700,000 | |
| Insurance contract liabilities | £830,928,000 | £907,583,000 | |
| Total assets | £984,803,000 | £1,083,555,000 | |
| Total liabilities | £911,757,000 | £997,809,000 | |
| Equity | £73,046,000 | £85,746,000 | |
| Average employees | 0 | 0 |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 92.6% | 92.1% |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making all relevant 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 annual report and financial statements.”
Significant events
- “The reduction in Scope 2 emissions is driven by a reduction of office space in our London head office premises at 20 Fenchurch Street.”
- “As part of the Lloyd's Quarterly Monitoring Report Part A ("QMA") rationalisation project during 2024, the data Lloyd's collected from the QMA for the Lloyd's Aggregate Accounts is being phased out.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEARNEY, Carl Anthony | Director | 2024-12-18 | May 1972 | Irish |
| REHMAN, Jalil Ur | Director | 2024-12-18 | Mar 1964 | British |
| STEVENS, David John | Director | 2014-01-27 | Jul 1963 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUTCHINGS, Theresa | Secretary | 1997-01-06 | 2013-09-30 |
| NOBLE FINANCIAL HOLDINGS LIMITED | Corporate Secretary | 1994-10-21 | 1997-01-06 |
| BROSNAN, David John | Director | 2014-03-10 | 2020-08-31 |
| CRUWYS, Rhodri David | Director | 2014-01-27 | 2017-03-31 |
| DUNNING, David Victor | Director | 2000-09-21 | 2002-09-30 |
| GRIFFIN, Timothy Paul | Director | 2001-07-02 | 2013-12-12 |
| HAMER, Phillip John | Director | 2020-09-16 | 2024-11-05 |
| HARDY, Peter Willes | Director | 1994-10-24 | 2006-04-30 |
| HUTCHINGS, Theresa | Director | 1997-01-06 | 2013-09-30 |
| LESLIE, Alastair Pinckard | Director | 1994-10-24 | 1997-01-06 |
| LLOYD, Peter Gerald Keith | Director | 1994-10-24 | 1996-09-30 |
| MABEY, Colin Guy | Director | 1997-01-06 | 1997-12-31 |
| MACDIARMID, James David | Director | 2003-04-02 | 2014-01-27 |
| MERRY, Barbara Jane | Director | 2002-01-17 | 2014-02-18 |
| NOBLE, Timothy Peter, Sir | Director | 1994-10-21 | 1997-01-06 |
| SANTAMBROGIO, Luigi | Director | 1997-01-06 | 2006-12-22 |
| SIMPSON, Matthew John | Director | 1997-01-06 | 2013-12-12 |
| SUGDEN, Mervyn Terence Arthur | Director | 1997-01-06 | 2013-12-31 |
| VAN DER MERSCH, Pierre Emile Leon Marie | Director | 1995-03-23 | 1997-01-06 |
| WADMAN, Stephen Noel | Director | 1994-10-24 | 2002-01-29 |
| WALKER, Adrian Jeremy | Director | 2001-06-21 | 2011-05-17 |
| WELDON, Steuart William Pratchitt | Director | 1994-10-21 | 2001-06-30 |
| WILLS, Richard Frederick De Leigh | Director | 1997-01-06 | 1998-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cna Financial Corporation | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-01-13 | Active |
| Hardy Underwriting Bermuda Limited | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, Appoints directors | 2019-12-13 | Ceased 2020-01-13 |
| Hardy Underwriting Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-12-12 |
Filing timeline
Last 20 of 261 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-08 RESOLUTIONS Resolution
- 2022-07-12 MA Memorandum articles
- 2022-07-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-01-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-15 | SH01 | capital | Capital allotment shares | |
| 2022-12-08 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-07-12 | MA | incorporation | Memorandum articles | |
| 2022-07-12 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-15 | AA | accounts | Accounts with accounts type full | |
| 2021-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2020-09-07 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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
-
Gross written premiums
-7.9%
£364,447,000 £335,500,000
-
Net earned premiums
—
Not reported
-
Profit before tax
-78.8%
£50,672,000 £10,754,000
-
Equity
+17.4%
£73,046,000 £85,746,000
-
Claims incurred
+20.3%
£156,610,000 £188,422,000
-
Insurance contract liabilities
+9.2%
£830,928,000 £907,583,000
-
Investment return
-18.1%
£32,105,000 £26,294,000
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