APRILGRANGE LIMITED

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

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is a corporate member of Syndicate 5000 ("Syndicate"). The Directors have assessed the suitability of using the going concern assumption in preparing these accounts. In making this assessment, they have looked forward, taking into account all available information about the future which is at least, but not limited to, the twelve months following the date that these accounts were signed. In doing so, the Directors considered the Syndicate's 2025 through 2029 multi-year plan, financial performance to date during 2025, and the likely trading environment over the next twelve months. Neither the Company or the Syndicate has any external debt. As a result of this assessment, the Directors have prepared these accounts on the going concern basis of accounting.”

Significant events

• “The profit for the year after taxation amounted to £14.7m (2023 profit of £23.4m).”
• “During the current year the Company has not paid an interim dividend (2023 £Nil). The Directors do not recommend the payment of a final dividend (2023 £Nil).”
• “Investment return for the year is £12.8m (2023 £8.9m), driven primarily by strong returns and growth in the fixed income investment portfolio.”
• “Gross premiums written are up year on year by £76.3m (29.3%) and is mainly driven by the introduction of several strategic delegated authority initiatives across multiple lines of business, predominantly within the Property class of business totalling £47.4m and the acquisition of Corvus Agency Limited by The Travelers Companies, Inc., which has resulted in £6.0m of new cyber business being written through the Syndicate.”
• “During 2024, Lloyd's introduced changes to the syndicate accounts process to rationalise and standardise financial reporting across the market. As a result, certain comparative information has been restated to ensure consistency between the Company's Report and Accounts and the Syndicate's accounts.”

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

Filings

3

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

  +29.3%

  £260,306,000 → £336,572,000

• Cash

  -13.5%

  £18,173,000 → £15,711,000

• Net assets

  +15.5%

  £150,828,000 → £174,158,000

• Employees

  —

  Not reported

• Operating profit

  -16.5%

  £23,924,000 → £19,977,000

• Profit before tax

  -16.5%

  £23,924,000 → £19,977,000

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