FLECTAT 2 LTD

1. FLECTAT 2 LTD 2019-10-25 → present
2. AMTRUST CORPORATE MEMBER LIMITED 2013-12-30 → 2019-10-25
3. SAGICOR CORPORATE CAPITAL LIMITED 2007-09-03 → 2013-12-30
4. GERLING CORPORATE CAPITAL LIMITED 1999-09-07 → 2007-09-03
5. OWL CORPORATE LIMITED 1998-10-09 → 1999-09-07
6. PALEGROVE COMPUTERS LIMITED 1998-08-25 → 1998-10-09

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the principal risks to liquidity and solvency for the Company, the directors have concluded that there are no material uncertainties that may cast significant doubt on the Company's financial ability to continue as a going concern and they have a reasonable expectation that the Company has adequate resources to continue in operational existence until at least 30 June 2026 and that therefore it is appropriate to adopt a going concern basis for the preparation of the financial statements, and accordingly these financial statements have been prepared on a going concern basis.”

Significant events

• “Following the decision on 25 November 2024, the Company will participate with a 10% share on the 2025 year of account of Syndicate 4444, representing a capacity of £255m.”
• “On 12 December 2024 a deposit into Funds at Lloyd's (FAL) of $52.4m was made by Canopius Group Limited (CGL) to capitalise Flectat 2's participation on the 2025 year of account.”
• “Effective 1 January 2025, the Company has commenced underwriting on the 2025 year of account of Syndicate 4444, having a 10% participation that represents a capacity of £255m.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  —

  Not reported

• Net earned premiums

  —

  Not reported

• Profit before tax

  +100%

  -£1,000 → £0

• Equity

  0%

  £64,000 → £64,000

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