CFC UNDERWRITING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-30 (in 8mo)
Last made up 2026-01-16
Watchouts
Cash
£345M
+15.6% vs 2023
Net assets
£114M
+25.4% vs 2023
Employees
722
+19.9% vs 2023
Profit before tax
£105M
+0.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 5 times since incorporation
- CFC UNDERWRITING LIMITED 2003-10-02 → present
- CLICK FOR COVER LIMITED 2000-03-22 → 2003-10-02
- ESURANCE LIMITED 1999-11-30 → 2000-03-22
- HOWDEN SPEAR GULLAND (SOUTH AMERICA) LIMITED 1997-10-03 → 1999-11-30
- HOWDEN SPEAR GULLAND LIMITED 1997-07-10 → 1997-10-03
- LAW 798 LIMITED 1997-01-16 → 1997-07-10
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 | £202,548,000 | £236,080,000 | |
| Operating profit | £97,962,000 | £94,157,000 | |
| Profit before tax | £104,287,000 | £105,265,000 | |
| Net profit | £78,735,000 | £78,510,000 | |
| Cash | £298,114,000 | £344,519,000 | |
| Total assets less current liabilities | £96,504,000 | £182,787,000 | |
| Net assets | £91,143,000 | £114,321,000 | |
| Equity | £91,143,000 | £114,321,000 | |
| Average employees | 602 | 722 | |
| Wages | £61,921,000 | £82,661,000 |
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 | 48.4% | 39.9% | |
| Net margin | 38.9% | 33.3% | |
| Return on capital employed | 101.5% | 51.5% | |
| Gearing (liabilities / total assets) | 79.0% | 80.7% | |
| Current ratio | 1.15x | 1.17x | |
| Interest cover | 381.18x | 22.20x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- CFC UNDERWRITING LIMITED · parent
- CFC Europe SFA 90%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WARD, Holly | Secretary | 2026-01-28 | — | — |
| CORBETT, Oliver Roebling Panton | Director | 2024-07-08 | Jan 1965 | British |
| JOSEPH, Bryan Ruthven Patrick | Director | 2024-07-08 | Aug 1959 | British |
| LINE, Nicholas James Stephen | Director | 2026-01-01 | May 1972 | British |
| O'SHEA, Louise | Director | 2021-03-01 | Jan 1980 | British |
| POOLE, Jane Carmel | Director | 2025-10-02 | Aug 1980 | British |
| WARD, Richard Churchill | Director | 2022-03-30 | Mar 1957 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELIAS, Richard Joseph Raymond | Secretary | 1997-06-11 | 2000-04-10 |
| MOORE, Kirsten | Secretary | 2019-07-01 | 2026-01-27 |
| PALLOT, Hugh Glen | Secretary | 2007-01-24 | 2012-06-19 |
| PIGRAM, Ivor | Secretary | 1999-05-10 | 2007-01-24 |
| CALLIDUS SECRETARIES LIMITED | Corporate Secretary | 2012-06-19 | 2019-06-30 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Secretary | 1997-01-16 | 1997-06-11 |
| CORFIELD, Richard Conyngham | Director | 2012-10-24 | 2017-06-20 |
| CROWTHER, Stephen Joseph | Director | 2000-04-10 | 2005-02-17 |
| CUNNINGHAM, Dominic | Director | 1997-08-01 | 1999-04-23 |
| ELIAS, Richard Joseph Raymond | Director | 1997-06-11 | 2000-04-10 |
| FARMER, Paul Robert | Director | 1999-05-10 | 2002-05-14 |
| FLETCHER, Jonathan Andrew | Director | 2021-01-05 | 2024-09-24 |
| GREGORY, Philip Peter Clinton | Director | 2017-10-19 | 2024-04-30 |
| GRIST, Michael Benjamin | Director | 2010-02-01 | 2025-10-02 |
| HOLMES, Andrew Robert | Director | 2004-10-27 | 2025-01-21 |
| HOWDEN, David Philip | Director | 1997-06-11 | 2012-06-19 |
| ISHERWOOD, Clarissa | Director | 2004-03-25 | 2005-12-01 |
| NEWMAN, Graeme Stuart | Director | 2011-08-24 | 2024-01-08 |
| REES, Michael John | Director | 2012-07-23 | 2017-06-20 |
| SMITH, Alan | Director | 2002-06-27 | 2004-03-31 |
| SMITH, Michael Gordon | Director | 2005-01-11 | 2012-06-19 |
| SMITH, Stephen Albert | Director | 2000-04-10 | 2012-06-19 |
| SWANN, Jonathan Mark | Director | 2004-10-27 | 2022-01-21 |
| TAYLOR, Matthew | Director | 2016-04-01 | 2026-01-01 |
| TRUEMAN, Daniel Bernard Cormack | Director | 2024-01-08 | 2025-02-28 |
| WALSH, David Charles Anthony | Director | 2000-04-10 | 2024-01-08 |
| HUNTSMOOR LIMITED | Corporate Nominee Director | 1997-01-16 | 1997-06-11 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Director | 1997-01-16 | 1997-06-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cfc Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 223 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-08 RESOLUTIONS Resolution
- 2025-07-08 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | CH01 | officers | Change person director company with change date | |
| 2026-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-30 | AD02 | address | Change sail address company with old address new address | |
| 2026-01-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | CH01 | officers | Change person director company with change date | |
| 2025-07-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-08 | MA | incorporation | Memorandum articles | |
| 2025-06-26 | CH01 | officers | Change person director company with change date | |
| 2025-06-26 | CH01 | officers | Change person director company with change date | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CH03 | officers | Change person secretary company with change date | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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
+16.6%
£202,548,000 £236,080,000
-
Cash
+15.6%
£298,114,000 £344,519,000
-
Net assets
+25.4%
£91,143,000 £114,321,000
-
Employees
+19.9%
602 722
-
Operating profit
-3.9%
£97,962,000 £94,157,000
-
Profit before tax
+0.9%
£104,287,000 £105,265,000
-
Wages
+33.5%
£61,921,000 £82,661,000
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