GB UNDERWRITING LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-25 (in 10mo)
Last made up 2026-03-11
Watchouts
None on the register
Cash
£2M
+80.5% highest in 3 filed years
Net assets
£2M
+55.8% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£664K
+324.3% vs 2022
Net assets
5-year trend · vs Financials median
Accounts
5-year trend · latest reflected 2023-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 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 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 | 2020-03-31 | 2021-03-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 11.3% | 31.1% | |
| Net margin | — | — | — | 11.4% | 31.1% | |
| Return on capital employed | — | — | — | 12.9% | 35.7% |
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
- 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”
Group structure
- GB UNDERWRITING LTD · parent
- MX Special Risks Limited 100%
- Trilogy Underwriting Limited 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+56.2%
£1,368,288 £2,137,571
-
Cash
+80.5%
£906,892 £1,636,718
highest in 3 filed years
-
Net assets
+55.8%
£1,190,405 £1,854,306
highest in 3 filed years
-
Employees
—
Not reported
-
Operating profit
+329.5%
£154,568 £663,901
-
Profit before tax
+324.3%
£156,478 £663,901
-
Wages
+14.5%
£862,821 £987,756
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