UK Companies House feature
GB UNDERWRITING LTD
Cash
£2M
+80.5% vs 2022
Net assets
£2M
+55.8% vs 2022
Employees
0
Average over period
Profit before tax
£664K
+324.3% vs 2022
Profile
- Company number
- 04692971
- Status
- Active
- Incorporation
- 2003-03-11
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 66220
- Hubs
- UK Fintech
Net assets
5-year trend · vs UK Fintech median
Accounts
5-year trend · latest 2023-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £1,368,288 | £2,137,571 | |
| Operating profit | — | — | — | £154,568 | £663,901 | |
| Profit before tax | — | — | — | £156,478 | £663,901 | |
| Net profit | — | — | — | £156,478 | £663,901 | |
| Cash | £1,559,455 | — | — | £906,892 | £1,636,718 | |
| Total assets less current liabilities | £1,226,636 | — | — | £1,195,511 | £1,859,412 | |
| Net assets | £1,215,610 | — | — | £1,190,405 | £1,854,306 | |
| Equity | £1,215,610 | £1,458,557 | £1,033,927 | £1,190,405 | £1,854,306 | |
| Average employees | 18 | — | — | 0 | 0 | |
| Wages | — | — | — | £862,821 | £987,756 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are therefore again, satisfied that these financial statements be prepared on a going concern basis”
Subsidiaries
- MX Special Risks Limited · 100% held · England · a specialist MGA and wholesale broker focusing on terrorism and property owners placements
- Trilogy Underwriting Limited · 100% held · England · a commercial MGA primarily writing material damage and liability insurance for UK SME's
Significant events
- “On 20th May 2024 the Group signed a definitive agreement to be sold to Warburg Pincus the global growth investor and Temasek, the global investor Completion of the transaction took place on 25th September 2024.”
- “During the year, the entity purchased 100% of the share capital of the following businesses for a total consideration of £21 4m There is potential for this to change as part of the consideration is contingent on the acquired businesses achieving defined hurdles”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BORKHATARIA, Eleanor Rachel | Secretary | 2022-09-29 | — | — |
| ANDERSON, Lee David | Director | 2021-01-12 | Jan 1972 | British |
| HANLY, Joseph James | Director | 2022-05-10 | Jul 1971 | Irish |
| NIMMO, Neil Keith | Director | 2026-02-18 | Jan 1961 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRIFFITH, Paul David | Secretary | 2003-03-18 | 2013-01-16 |
| @UKPLC CLIENT SECRETARY LTD | Corporate Nominee Secretary | 2003-03-11 | 2003-03-18 |
| BROWN, Russell James | Director | 2003-03-18 | 2022-02-10 |
| DOWNEY, Warren | Director | 2021-01-12 | 2026-02-18 |
| GERRY, James Thomas | Director | 2011-10-03 | 2023-03-07 |
| GRIFFITH, Paul David | Director | 2003-03-18 | 2013-01-16 |
| HOWARD, Stephen Peter | Director | 2016-08-04 | 2021-03-31 |
| LEBECQ, Clare Louise | Director | 2022-07-26 | 2024-09-02 |
| LOVE, Charles | Director | 2021-01-12 | 2022-03-04 |
| @UKPLC CLIENT DIRECTOR LTD | Corporate Nominee Director | 2003-03-11 | 2003-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Specialist Risk Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-12 | Active |
| Mr Russell Brown | Individual | Shares 25–50%, Voting 25–50% | 2017-09-30 | Ceased 2021-01-12 |
| Mr James Thomas Gerry | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2021-01-12 |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-03-13 | CH01 | officers | change person director company with change date |
| 2026-03-13 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2026-03-11 | AP01 | officers | appoint person director company with name date |
| 2026-02-19 | TM01 | officers | termination director company with name termination date |
| 2025-12-31 | AA | accounts | accounts with accounts type full |
| 2025-08-24 | AD01 | address | change registered office address company with date old address new address |
| 2025-03-26 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-09-16 | TM01 | officers | termination director company with name termination date |
| 2024-05-31 | AA | accounts | accounts with accounts type full |
| 2024-03-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-03-14 | RP04CS01 | confirmation-statement | second filing of confirmation statement with made up date |
| 2024-01-11 | CH03 | officers | change person secretary company with change date |
| 2023-09-21 | AA | accounts | accounts with accounts type full |
| 2023-03-30 | TM01 | officers | termination director company with name termination date |
| 2023-03-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-11-01 | AP03 | officers | appoint person secretary company with name date |
| 2022-10-31 | CH01 | officers | change person director company with change date |
| 2022-09-30 | AA | accounts | accounts with accounts type small |
| 2022-07-26 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
3.45
SAFE
Altman Z″
- Working capital / Total assets 0.325 × 6.56 = +2.13
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.119 × 6.72 = +0.80
- Book equity / Total liabilities 0.495 × 1.05 = +0.52
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory