WESTFIELD SPECIALTY MANAGING AGENCY LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
Cash
£14M
+17% vs 2023
Net assets
£24M
-3.1% vs 2023
Employees
—
Average over period
Profit before tax
-£1M
-119.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 3 times since incorporation
- WESTFIELD SPECIALTY MANAGING AGENCY LTD 2023-02-06 → present
- ARGO MANAGING AGENCY LIMITED 2009-06-02 → 2023-02-06
- HERITAGE MANAGING AGENCY LIMITED 1999-07-02 → 2009-06-02
- HERITAGE SYNDICATE MANAGEMENT LIMITED 1999-05-12 → 1999-07-02
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 | £3,285,500 | £3,810,400 | |
| Operating profit | -£739,100 | -£1,715,400 | |
| Profit before tax | £5,505,700 | -£1,098,200 | |
| Net profit | £5,566,000 | -£788,600 | |
| Cash | £12,362,200 | £14,469,500 | |
| Total assets less current liabilities | £26,223,800 | £25,435,200 | |
| Net assets | £25,123,800 | £24,335,200 | |
| Equity | £25,123,800 | £24,335,200 | |
| Average employees | — | — | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -22.5% | -45.0% | |
| Net margin | 169.4% | -20.7% | |
| Return on capital employed | -2.8% | -6.7% | |
| Current ratio | 12.42x | 12.33x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of twelve months from the date of the approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- WESTFIELD SPECIALTY MANAGING AGENCY LTD · parent
- Westfield Specialty Direct, Ltd 100%
- Westfield Speciality (ME) Ltd 100%
Significant events
- “On February 5, 2025, the Company's Board of Directors declared a dividend in specie of £7,628k.”
- “Westfield Specialty Asia Pacific Pte Ltd was dissolved on 31st October 2023 and is no longer a service Company of Westfield Specialty Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MILLS, Toby Anthoney | Secretary | 2018-01-01 | — | — |
| ARGYLE, Darren | Director | 2012-03-30 | Jun 1973 | British |
| BALDWIN, Anthony Michael | Director | 2026-02-03 | Oct 1969 | British |
| CHANDARIA, Sanjiv | Director | 2021-11-19 | Mar 1965 | British |
| DUCLOS, David Brian | Director | 2023-10-27 | May 1957 | American |
| FOX, Joanne Patricia | Director | 2021-05-06 | Apr 1964 | British |
| KUHN, John Andrew | Director | 2023-08-14 | May 1964 | American |
| LARGENT, Edward James | Director | 2023-04-23 | Sep 1964 | American |
| SHALLOW, Jeremy Wycliffe | Director | 2025-07-22 | Feb 1984 | British |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DENNISTON, Nicholas Geoffrey Alastair | Secretary | 2006-01-18 | 2006-04-21 |
| GRAY, Martin Bevis | Secretary | 1999-05-12 | 1999-07-01 |
| INGHAM CLARK, Robert James | Secretary | 1999-07-01 | 2006-01-18 |
| JACKSON, Michael | Secretary | 2013-07-23 | 2017-12-31 |
| ROSE, Belinda | Secretary | 2006-04-21 | 2010-07-29 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-05-12 | 1999-05-12 |
| BATTAGLIOLA, Paul David | Director | 2006-02-21 | 2009-09-24 |
| BIGNELL, Graham Edward | Director | 2002-06-01 | 2004-04-30 |
| BOISSEAU, Francois-Xavier Bernard | Director | 2018-01-01 | 2021-10-21 |
| BRANDON, James Roderick Vivian | Director | 1999-07-01 | 2000-11-06 |
| BULLOCK, Jay Stanley | Director | 2009-12-16 | 2021-03-22 |
| BURROWS, Peter Lawrence | Director | 2011-06-10 | 2017-10-25 |
| CARRIER, Andrew John, Mr. | Director | 2008-07-01 | 2013-10-30 |
| CHAPMAN, Neil Richard | Director | 2008-12-04 | 2009-12-16 |
| DAVIES, Robert Wynford, Dr | Director | 2004-02-20 | 2004-09-01 |
| DENNISTON, Nicholas Geoffrey Alastair | Director | 2004-06-01 | 2009-12-07 |
| ECCLES, Stephen Gordon | Director | 2018-04-20 | 2019-07-25 |
| ENGLAND, Joseph Edward | Director | 2024-04-25 | 2025-03-06 |
| ENOIZI, Julian Antony Peter | Director | 2009-06-01 | 2011-03-31 |
| EVANS, Graham Peter | Director | 2023-05-23 | 2025-07-24 |
| GRANT, Philip James | Director | 2011-06-10 | 2021-05-05 |
| GRAY, Martin Bevis | Director | 1999-05-12 | 2003-05-20 |
| GUENTHER, Hans-Joachim | Director | 2020-02-06 | 2025-12-31 |
| HARRIS, David Jonathan | Director | 2013-08-01 | 2013-08-01 |
| HARRIS, David Jonathan | Director | 2013-06-13 | 2017-07-26 |
| HARRIS, Matthew James | Director | 2019-07-11 | 2021-08-09 |
| HERNANDEZ, Jose Angel | Director | 2017-04-25 | 2019-12-31 |
| INGHAM CLARK, Robert James | Director | 1999-07-01 | 2006-01-18 |
| JAMES, Christopher Garth | Director | 2006-02-21 | 2008-06-30 |
| JONES, Nicolas Gavin | Director | 2006-06-27 | 2008-07-07 |
| KAVANAUGH, John Lawrence | Director | 2003-07-23 | 2008-06-30 |
| KIRBY, Dominic James | Director | 2017-07-26 | 2017-08-04 |
| KIRBY, Dominic James | Director | 2017-05-24 | 2023-05-23 |
| LAING, Andrew Keith | Director | 1999-07-01 | 2004-03-31 |
| LANG, David Mark | Director | 2016-04-08 | 2018-06-29 |
| LATHAM, Anthony | Director | 2016-04-27 | 2022-05-11 |
| LAWRENCE, Mark William | Director | 2000-09-04 | 2009-12-04 |
| LEHANE, Dymphna Ann | Director | 2022-11-25 | 2025-11-06 |
| MATSON, Peter Colin | Director | 2012-03-14 | 2013-03-31 |
| MOFFATT, John | Director | 2020-01-08 | 2023-05-01 |
| NEALON, Kathleen Anne | Director | 2013-07-31 | 2021-10-21 |
| O'DONNELL, Ciaran | Director | 2010-01-04 | 2012-03-31 |
| PALMER, Clifford Frederick | Director | 1999-07-01 | 2003-04-01 |
| PEXTON, Richard Anthony | Director | 2003-01-06 | 2008-12-10 |
| RADKE, Jeffrey Lee | Director | 2010-10-13 | 2013-09-27 |
| RITCHIE, Bruno Christopher | Director | 2013-10-30 | 2017-09-29 |
| RITCHIE, Bruno Christopher | Director | 2013-04-06 | 2013-04-06 |
| ROCK, Leslie John | Director | 2002-07-22 | 2006-07-01 |
| SARDESON, James Christopher | Director | 2007-02-05 | 2009-05-20 |
| SPENCER, John William James | Director | 2008-12-11 | 2016-12-31 |
| SPILLER, David Hutchinson | Director | 2008-09-17 | 2011-07-01 |
| SWANN, Bruce Walker | Director | 1999-10-19 | 2003-05-17 |
| TWEEDIE, Justin Anthony | Director | 1999-05-12 | 2004-03-11 |
| WASH, Justin Andrew Spencer | Director | 2001-04-17 | 2006-11-09 |
| WATSON, Mark Edmund | Director | 2009-12-16 | 2017-07-26 |
| WILKEN, Matthew | Director | 2017-10-04 | 2020-06-12 |
| ZORA, Jiyan | Director | 2023-08-10 | 2025-08-12 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1999-05-12 | 1999-05-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Westfield Specialty Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 230 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-19 MA Memorandum articles
- 2024-04-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full | |
| 2024-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | MA | incorporation | Memorandum articles | |
| 2024-04-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
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%
£3,285,500 £3,810,400
-
Cash
+17%
£12,362,200 £14,469,500
-
Net assets
-3.1%
£25,123,800 £24,335,200
-
Employees
—
Not reported
-
Operating profit
-132.1%
-£739,100 -£1,715,400
-
Profit before tax
-119.9%
£5,505,700 -£1,098,200
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