TRADEX INSURANCE COMPANY PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£183M
+704.4% vs 2023
Net assets
£139M
+177.4% vs 2023
Employees
46
+35.3% vs 2023
Profit before tax
£13M
+164.9% vs 2023
Name history
Renamed 3 times since incorporation — the current trading name was adopted 2024-08-02
- TRADEX INSURANCE COMPANY PLC 2024-08-02 → present
- TRADEX INSURANCE COMPANY LIMITED 1995-12-12 → 2024-08-02
- TRADEX INSURANCE SERVICES LIMITED 1994-11-18 → 1995-12-12
- ALUMDELL LIMITED 1994-10-27 → 1994-11-18
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 | £42,000,000 | £177,400,000 | |
| Operating profit | -£23,700,000 | £10,000,000 | |
| Profit before tax | -£20,500,000 | £13,300,000 | |
| Net profit | -£23,800,000 | £20,900,000 | |
| Cash | £22,700,000 | £182,600,000 | |
| Total assets less current liabilities | £413,500,000 | £937,200,000 | |
| Net assets | £50,100,000 | £139,000,000 | |
| Equity | £50,100,000 | £139,000,000 | |
| Average employees | 34 | 46 | |
| Wages | £2,419,000 | £5,857,000 |
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 | -56.4% | 5.6% | |
| Net margin | -56.7% | 11.8% | |
| Return on capital employed | -5.7% | 1.1% | |
| Gearing (liabilities / total assets) | 90.2% | 87.9% | |
| Current ratio | 4.37x | 4.68x | |
| Interest cover | -79.00x | 1.96x |
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
- Ernst and Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Annual Report and Accounts are prepared on a going concern basis and the Directors are satisfied that Tradex has the resources to continue in business for at least the period from the date of approval of the financial statements up to 31 December 2026. In making this assessment, the Directors have performed a detailed analysis of future capital and liquidity.”
Significant events
- “Tradex was acquired by Saturn Holdings Limited ('SHL') on 7 July 2023. Since then, SHL has injected a further £96.7m share capital plus £20.0m perpetual restricted tier 1 notes and £30.0m subordinated tier 2 notes.”
- “On 7 August 2024 Tradex reregistered as a publicly listed company, becoming Tradex Insurance Company plc (previously Tradex Insurance Company Limited).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Steven Jonathon | Secretary | 2004-11-15 | — | British |
| JOHNSTON, Andrew Allan, Mr. | Director | 2024-09-01 | Aug 1972 | British |
| LUDLOW, Sharon Marie | Director | 2024-01-01 | Aug 1966 | Canadian |
| SOUTHWORTH, Neil Anthony, Mr. | Director | 2024-01-02 | Jul 1960 | British |
| SUMMERFIELD, Mark Andrew, Mr. | Director | 2023-09-11 | Nov 1961 | British |
| VANN, Stuart Robert, Mr. | Director | 2026-01-29 | Jul 1971 | British |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DWYER, Daniel John | Nominee Secretary | 1994-10-27 | 1994-11-08 |
| MCKENZIE, Derek | Secretary | 1994-11-08 | 1999-07-01 |
| MOORE, Steven Jonathon | Secretary | 2002-09-11 | 2003-07-22 |
| PEREIRA, Dennis | Secretary | 2004-06-01 | 2004-11-16 |
| STEPHENS, Robert Henry | Secretary | 2003-07-22 | 2004-06-01 |
| STEPHENS, Robert Henry | Secretary | 1999-07-01 | 2002-09-11 |
| ALLEYNE, John Ferdinand Remington | Director | 1994-11-08 | 1995-11-28 |
| AUSTIN, Deborah Ann, Mrs. | Director | 2004-05-13 | 2023-02-23 |
| AUSTIN, Matthew Roy David, Mr. | Director | 2016-06-02 | 2018-07-01 |
| BELLAMY, Shirley Ann | Director | 2004-05-13 | 2015-04-01 |
| BLAKE-TURNER, Peter | Director | 1995-11-03 | 2016-09-16 |
| BRAINE, Stephen Richard, Mr. | Director | 2008-09-16 | 2021-10-31 |
| CLARK, John Martin Brodie | Director | 2004-05-13 | 2018-06-13 |
| CLEGG, Royston William | Director | 1994-11-08 | 2017-11-08 |
| CLEGG, Toby Alexander, Mr. | Director | 2012-03-29 | 2018-10-15 |
| DENNISTON, Nicholas Geoffrey Alastair | Director | 2012-03-29 | 2014-04-10 |
| DOYLE, Betty June | Nominee Director | 1994-10-27 | 1994-11-08 |
| DWYER, Daniel John | Nominee Director | 1994-10-27 | 1994-11-08 |
| ENDEAN, Stephen Charles | Director | 2005-05-03 | 2017-09-05 |
| FEARN, Garry Michael | Director | 2015-05-28 | 2024-01-08 |
| GEARY, David Anthony | Director | 1994-11-08 | 1995-11-28 |
| GILMOUR, Ewen Hamilton | Director | 2024-05-01 | 2025-12-31 |
| GRIFFITHS, David William Haydn | Director | 2000-04-06 | 2006-09-21 |
| GUTTERIDGE, Tony | Director | 2004-05-13 | 2004-10-05 |
| HARVEY, John Philip | Director | 2004-05-13 | 2010-04-20 |
| LAMPON, James Henry, Mr. | Director | 2010-04-20 | 2013-03-07 |
| LANE, Kelly Ann, Mrs. | Director | 2017-03-16 | 2017-07-01 |
| LARWOOD, David Ronald | Director | 1994-11-08 | 2000-04-06 |
| LEIGHTON, Maria Louise | Director | 2024-04-15 | 2025-06-25 |
| LUMSDEN COOK, Anthony James | Director | 2007-01-25 | 2009-11-21 |
| MARVIN, Trevor Kenneth Richard | Director | 2004-05-13 | 2004-11-15 |
| MCKENZIE, Derek | Director | 1994-11-08 | 1995-11-28 |
| PEREIRA, Dennis | Director | 2004-06-01 | 2004-11-16 |
| PINKETT, Anthony Christopher | Director | 1995-11-03 | 2002-04-15 |
| PLATT, Keith Morgan | Director | 1995-11-03 | 1996-01-30 |
| REILLY, Charles Andrew | Director | 2008-01-01 | 2015-02-16 |
| SAMPSON, Roy Leonard | Director | 2019-08-05 | 2024-01-08 |
| STEPHENS, Robert Henry | Director | 2002-08-19 | 2004-11-15 |
| STILL, Robert Edgar | Director | 2011-10-20 | 2016-07-22 |
| TAYLOR, Nicholas John, Mr. | Director | 2017-09-04 | 2023-09-11 |
| THORNTON, Robert William | Director | 2002-08-20 | 2004-02-27 |
| TILBURY, Susannah Mary | Director | 2021-10-21 | 2024-04-22 |
| TOMMY, Elizabeth Anne Victoria | Director | 2000-04-06 | 2002-08-12 |
| WHITEHOUSE, Andrew Peter, Mr. | Director | 2018-05-31 | 2019-08-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saturn Holdings Plc | Corporate entity | Shares 75–100% | 2023-08-21 | Active |
| Tradex Insurance Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-08-21 |
Filing timeline
Last 20 of 251 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-02 RESOLUTIONS Resolution
- 2024-08-02 RR01 Reregistration private to public company
- 2024-08-02 CERT5 Certificate re registration private to public limited company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | SH01 | capital | Capital allotment shares | |
| 2025-11-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-21 | SH01 | capital | Capital allotment shares | |
| 2025-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-23 | SH01 | capital | Capital allotment shares | |
| 2024-11-20 | CH01 | officers | Change person director company with change date | |
| 2024-10-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-02 | BS | accounts | Accounts balance sheet | |
| 2024-08-02 | AUDR | auditors | Auditors report | |
| 2024-08-02 | AUDS | auditors | Auditors statement | |
| 2024-08-02 | RR01 | change-of-name | Reregistration private to public company | |
| 2024-08-02 | CERT5 | change-of-name | Certificate re registration private to public limited company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 2
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
+322.4%
£42,000,000 £177,400,000
-
Cash
+704.4%
£22,700,000 £182,600,000
-
Net assets
+177.4%
£50,100,000 £139,000,000
-
Employees
+35.3%
34 46
-
Operating profit
+142.2%
-£23,700,000 £10,000,000
-
Profit before tax
+164.9%
-£20,500,000 £13,300,000
-
Wages
+142.1%
£2,419,000 £5,857,000
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