TALBOT UNDERWRITING SERVICES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-21 (in 11mo)
Last made up 2026-04-07
Watchouts
None on the register
Cash
£20M
+117.9% vs 2023
Net assets
£18M
-17.8% vs 2023
Employees
325
-2.7% vs 2023
Profit before tax
£4M
+149.6% vs 2023
Name history
Renamed 4 times since incorporation
- TALBOT UNDERWRITING SERVICES LTD 2001-12-13 → present
- ALLEGHANY UNDERWRITING SERVICES LTD 2000-03-31 → 2001-12-13
- UNDERWRITERS RE SERVICES LTD 1999-10-01 → 2000-03-31
- VENTON SERVICES LIMITED 1995-06-09 → 1999-10-01
- REFAL 457 LIMITED 1995-04-07 → 1995-06-09
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £86,401,000 | £98,159,000 | |
| Operating profit | £1,133,000 | £3,090,000 | |
| Profit before tax | £1,474,000 | £3,679,000 | |
| Net profit | £2,290,000 | £3,295,000 | |
| Cash | £9,184,000 | £20,014,000 | |
| Total assets less current liabilities | £22,315,000 | £18,344,000 | |
| Net assets | £22,315,000 | £18,344,000 | |
| Equity | £22,315,000 | £18,344,000 | |
| Average employees | 334 | 325 | |
| Wages | £31,462,000 | £30,814,000 |
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 | 1.3% | 3.1% | |
| Net margin | 2.7% | 3.4% | |
| Return on capital employed | 5.1% | 16.8% | |
| Gearing (liabilities / total assets) | 56.3% | 67.4% | |
| Current ratio | 1.76x | 1.47x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reasonable expectation that the Company will continue as a going concern.”
Significant events
- “In 2024, the Company moved to new premises (58 Fenchurch Street) in London and the previous office (60 Threadneedle Street) was vacated by June 2024. As a result of the office move, the operational energy usage for 2024 was 25% higher than the previous year primarily due to occupying more floor space in the new office.”
- “TUL manages Syndicate 2478 which commenced underwriting on 1 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWSE, Glen Murray | Director | 2024-07-10 | Sep 1969 | British |
| COWLING, Richard David | Director | 2022-05-13 | Dec 1982 | British |
| ROSS, Julian Graeme | Director | 2018-09-30 | Dec 1965 | British |
| WOOLLEY, Emma Louise | Director | 2025-05-08 | Jan 1979 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARTER, David Charles | Secretary | 1995-04-07 | 1995-06-30 |
| CLOUTING, Jane Sarah, Ms. | Secretary | 1995-06-30 | 2018-09-30 |
| GALLAGHER, Marie-Claire | Secretary | 2018-09-30 | 2024-04-03 |
| ATKIN, Charles Neville Rupert | Director | 2002-02-08 | 2016-06-14 |
| BARTON, Catherine Elizabeth | Director | 2020-10-29 | 2021-08-31 |
| BILSBY, Peter Antony | Director | 2014-03-14 | 2019-02-01 |
| BONVARLET, Gilles Alex Maxime | Director | 2005-04-01 | 2009-04-09 |
| CARPENTER, Michael Edward Arscott | Director | 2001-05-09 | 2014-03-14 |
| CLOUTING, Jane Sarah, Ms. | Director | 1998-07-16 | 2018-09-30 |
| COWELL, Peter Harry | Director | 1995-07-24 | 2000-06-30 |
| GREENBERG, Jeffrey Wayne | Director | 1996-04-04 | 1996-04-29 |
| HARTZBAND, Meryl | Director | 1996-04-04 | 1996-04-29 |
| HESS, Todd Joseph | Director | 2000-07-18 | 2001-10-01 |
| MORRIS, David Ernest | Director | 2020-09-16 | 2021-01-30 |
| RASH, Christopher John Roland | Director | 2021-02-17 | 2025-05-08 |
| SANDARS, George Russell | Nominee Director | 1995-04-07 | 1995-06-30 |
| SCARLETT, Dominic John James, Mr. | Director | 2016-11-29 | 2020-04-23 |
| SLADE, David Martin | Director | 1995-06-30 | 2002-02-08 |
| VENTON, Jeremy Hugh | Director | 1995-06-30 | 1998-03-09 |
| WACHMAN, Nigel David | Director | 2000-07-18 | 2020-09-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Talbot Underwriting Holdings Ltd. | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-09-14 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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
+13.6%
£86,401,000 £98,159,000
-
Cash
+117.9%
£9,184,000 £20,014,000
-
Net assets
-17.8%
£22,315,000 £18,344,000
-
Employees
-2.7%
334 325
-
Operating profit
+172.7%
£1,133,000 £3,090,000
-
Profit before tax
+149.6%
£1,474,000 £3,679,000
-
Wages
-2.1%
£31,462,000 £30,814,000
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