MAP EQUITY LIMITED

1. MAP EQUITY LIMITED 2000-05-23 → present
2. ELLABRIGHT LIMITED 2000-05-04 → 2000-05-23

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

Consolidated group

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 parent company's and the group'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. Both syndicates continue to write business across all lines of business at rates it deems appropriate and therefore these accounts have been prepared on a going concern basis. The Directors of the Group acknowledge the current net liability position at a Company and Group level. This is due to the share based payment liability in respect of the shares owned by employees of MAP and the constructive obligation of the EST to purchase these shares at fair value. However, under the Articles of Association, the EST does not have a legal obligation to purchase shares back from employees and can refuse (shares are then offered to current A and B shareholders in turn). In practice this would likely only happen if there were insufficient funds to purchase the shares, meaning the solvency position of the Company and Group can be managed effectively by the directors of MEL.”

Group structure

1. MAP EQUITY LIMITED · parent
   1. Managing Agency Partners Holdings Limited 90% · United Kingdom · Intermediate holding company
   2. Managing Agency Partners Limited 90% · United Kingdom · Managing Agent at Lloyd's of London

Significant events

• “On the 27 March 2025 directors proposed an interim dividend of $35.36 & £5.64 per ordinary 'A' and 'B' class share. The dividend payment was made on 18 April 2025.”

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

Filings

4

last 12 months

Capital events

0

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

  +164%

  £14,252,000 → £37,630,000

• Cash

  +4.1%

  £3,684,000 → £3,836,000

• Net assets

  +5.4%

  -£12,003,000 → -£11,354,000

• Employees

  -1.8%

  56 → 55

• Operating profit

  +843.8%

  £1,030,000 → £9,721,000

• Profit before tax

  +595.6%

  £1,508,000 → £10,490,000

• Wages

  +8.2%

  £6,091,000 → £6,589,000

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