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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-06-03 (in 1mo)

Last made up 2025-05-20

Watchouts

None on the register

Cash

51,539,000

-86.2% vs 2023

Net assets

561,942,000

-8.3% vs 2023

Employees

0

Average over period

Profit before tax

218,705,000

-16.1% vs 2023

Name history

Renamed 3 times since incorporation

  1. RIVERSTONE CORPORATE CAPITAL LIMITED 2005-03-01 → present
  2. SPHERE DRAKE CORPORATE CAPITAL VEHICLE LIMITED 2001-07-24 → 2005-03-01
  3. ODYSSEY RE CORPORATE CAPITAL VEHICLE LIMITED 1998-11-25 → 2001-07-24
  4. MINMAR (430) LIMITED 1998-10-23 → 1998-11-25

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £91,689,000£39,809,000
Operating profit £281,051,000£240,481,000
Profit before tax £260,532,000£218,705,000
Net profit £185,123,000£180,216,000
Cash £373,754,000£51,539,000
Total assets less current liabilities £5,209,943,000£3,720,710,000
Net assets £612,726,000£561,942,000
Equity £612,726,000£561,942,000
Average employees 00
Wages

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 2023-12-312024-12-31
Operating margin 306.5%604.1%
Net margin 201.9%452.7%
Return on capital employed 5.4%6.5%
Gearing (liabilities / total assets) 89.5%86.6%
Current ratio 2.26x1.87x
Interest cover 5.04x5.84x

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
Deloitte LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

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

People

4 active · 15 resigned

Name Role Appointed Born Nationality
HENRY, Fraser Secretary 2007-07-19 British
CAIN, Michael Roger Director 2023-10-30 Mar 1972 British
CREED, Andrew Robert Director 2019-03-14 Jun 1983 British
INSLEY, James Christopher Paul Director 2026-02-19 Oct 1974 British
Show 15 resigned officers
Name Role Appointed Resigned
DRAKE, Jonathan Vaughan Secretary 1998-11-25 2002-12-18
GARROD, Sarah Louise Secretary 2016-01-28 2020-06-15
MOULE, Frances Louise Secretary 2003-12-16 2006-10-30
REGAN, Catherine Geraldine Secretary 2002-11-04 2007-07-19
CLYDE SECRETARIES LIMITED Corporate Secretary 1998-10-23 1998-11-25
BATOR, John Joseph Director 2003-01-22 2008-10-01
BENTLEY, Nicholas Craig Director 2000-08-14 2021-08-23
DUFFY, Christopher William Nominee Director 1998-10-23 1998-11-25
FORNESS, Robert Joseph Director 1998-11-25 2000-02-03
GILLETT, William John Director 2003-06-13 2007-09-05
HARRIS, Richard John Director 1998-11-25 2003-04-30
HEMSLEY, Lorna Ann Director 2008-09-22 2019-03-14
PAGE, David William Nominee Director 1998-10-23 1998-11-25
TANZER, Luke Robert Director 2008-11-25 2026-01-05
WATSON, Michael Clive Director 1998-11-25 2000-03-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Riverstone Holdings Limited Corporate entity Shares 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 230 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2025-12-15 RESOLUTIONS Resolution
  • 2025-03-27 RESOLUTIONS Resolution
  • 2024-10-09 RESOLUTIONS Resolution
Date Type Category Description
2026-02-26 AP01 officers Appoint person director company with name date PDF
2026-01-21 AD04 address Move registers to registered office company with new address PDF
2026-01-14 TM01 officers Termination director company with name termination date PDF
2026-01-12 SH02 capital Capital alter shares subdivision
2025-12-15 SH19 capital Capital statement capital company with date currency figure
2025-12-15 SH20 capital Legacy
2025-12-15 CAP-SS insolvency Legacy
2025-12-15 RESOLUTIONS resolution Resolution
2025-09-04 CH01 officers Change person director company with change date PDF
2025-08-07 AA accounts Accounts with accounts type full
2025-05-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-03-27 SH19 capital Capital statement capital company with date currency figure
2025-03-27 SH20 capital Legacy
2025-03-27 CAP-SS insolvency Legacy
2025-03-27 RESOLUTIONS resolution Resolution
2025-03-25 PSC05 persons-with-significant-control Change to a person with significant control PDF
2024-10-09 RESOLUTIONS resolution Resolution
2024-10-09 CAP-SS insolvency Legacy
2024-10-09 SH20 capital Legacy
2024-05-18 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
11

last 12 months

Capital events
6

last 24 months

Officers appointed
1

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.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers

Official Companies House page