ENSTAR (EU) HOLDINGS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ENSTAR (EU) HOLDINGS LIMITED 2007-10-31 → present
2. CASTLEWOOD (EU) HOLDINGS LIMITED 1998-10-19 → 2007-10-31
3. CASTLEWOOD (EU) LIMITED 1998-05-20 → 1998-10-19
4. CASTLEWOOD MANAGEMENT LIMITED 1996-03-05 → 1998-05-20

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having reviewed the capital resources and cash available to the Company along with forecast results for the forthcoming year, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of the approval of these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. ENSTAR (EU) HOLDINGS LIMITED · parent
   1. Enstar (EU) Limited 100% · UK · Insurance and Reinsurance run-off management and consultancy support services
   2. Cranmore (UK) Limited 100% · UK · Insurance and Reinsurance audits and inspections
   3. Kinsale Brokers Limited 100% · UK · The supply of claims and premium collection services
   4. Cranmore Insurance & Reinsurance Services Europe Limited 100% · Ireland · Insurance and Reinsurance audits and inspections
   5. Enstar Insurance Management Services Ireland Limited 100% · Ireland · Management and consultancy services
   6. Cranmore Europe BV 100% · Belgium · Insurance and reinsurance audits and inspections
   7. Alpha Insurance NV 100% · Belgium · Insurance company in run-off (2023: holding company)
   8. StarStone Insurance Services Limited 100% · UK · Service company

Significant events

• “On 29 July 2024, Enstar Group Limited, the company's ultimate parent undertaking, entered into an Agreement and Plan Merger (the "Merger Agreement") with Elk Bidco Limited (the "Parent"), an exempted company limited by shares existing under the laws of Bermuda. The Parent is backed by equity commitments from investment vehicles managed or advised by affiliates of Sixth Street Partners, LLC ("Sixth Street"). Pursuant to the Merger Agreement, there will be a series of mergers (collectively, the "Merger") resulting in the Company surviving the Merger as a wholly owned subsidiary of the Parent. The Merger is expected to close in mid-2025. Following the close of the transaction, Enstar Group Limited expects to maintain its current operations and business strategy.”
• “On 10 October 2024, Beta was sold for a consideration of €3,793,800 with the Company booking a profit on disposal of subsidiary of €3,732,300 (£3,104,425).”
• “The Company acquired 100% of the share capital of StarStone Insurance Services Limited from Kenmare Holdings Limited, the Company's immediate parent undertaking, on 4 November 2024 for £7,129,794.”
• “On 22 November 2024, Enstar Insurance Management Services Ireland Limited was placed into voluntary liquidation.”
• “On 25 November 2024, Cranmore Insurance & Reinsurance Services Europe Limited was placed into voluntary liquidation.”
• “The Company acquired 100% of the share capital of Cranmore Europe BV on 13 December 2024 from its subsidiary, Cranmore Insurance & Reinsurance Services Europe Limited (in voluntary liquidation) for €208,142 (£172,062). The acquisition was effected by a distribution in specie. The Company has booked an impairment charge of £104,284 as no further distribution is likely.”
• “On 3rd February 2025 the Company paid a dividend of €3,500,000 (£2,928,155) to its parent company, Kenmare Holdings Limited.”

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

Filings

7

last 12 months

Capital events

1

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

  —

  Not reported

• Cash

  +16,965.1%

  £17,572 → £2,998,671

• Net assets

  +51.9%

  £26,098,875 → £39,636,919

• Employees

  —

  Not reported

• Operating profit

  -465.3%

  -£55,106 → -£311,514

• Profit before tax

  +5,480.5%

  -£55,106 → £2,964,973

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