ARDONAGH SPECIALTY LIMITED

1. ARDONAGH SPECIALTY LIMITED 2022-12-15 → present
2. PRICE FORBES & PARTNERS LIMITED 2006-06-12 → 2022-12-15
3. NEWCO (PFP) LIMITED 2006-03-08 → 2006-06-12

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following the assessment of the Company's financial position and its ability to meet its obligations as and when they fall due, including the further potential financial implications of economic uncertainty included in stress tests, the Directors are not aware of any material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “On 17 October 2024, the FCA granted the waiver to enable Besso Limited, Bishopsgate Insurance Brokers Limited, Ed Broking LLP, Oxford Insurance Brokers Ltd and Piiq Risk Partners Limited to transfer the Client Money they held to Ardonagh Specialty Limited. The waiver for Oxford Insurance Brokers Ltd was executed on 3 January 2025 and the waiver for Besso Limited, Bishopsgate Insurance Brokers Limited and Ed Broking LLP was executed on 27 January 2025.”
• “As part of the Specialty Business Unit strategy to reduce the number of UK entities, the Company acquired the renewal rights and certain assets and liabilities via a fair market valuation business transfer transaction from Paragon International Insurance Brokers Limited and Carrolls & Partners Limited, in the second quarter of 2025.”
• “To ensure the appropriate level of regulatory capital was maintained in Ardonagh Specialty Limited following this transaction, the Company issued 1,900m Ordinary shares on 3 April 2025 for a total consideration of £190.0m. The shares were fully subscribed by the Company's immediate parent, Ardonagh Specialty Holdings Limited.”
• “After the balance sheet date, the Company introduced a new long-term incentive plan for employees relating to the period from March 2025 to June 2027. The amounts that are ultimately earned are dependent on completion of service conditions.”

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

Filings

10

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +70.2%

  £149,539,000 → £254,572,000

• Cash

  +60.9%

  £192,173,000 → £309,216,000

• Net assets

  +36.3%

  £55,241,000 → £75,290,000

• Employees

  +168.2%

  513 → 1,376

• Operating profit

  -14.4%

  £37,349,000 → £31,956,000

• Profit before tax

  -0.5%

  £29,581,000 → £29,421,000

• Wages

  +144.5%

  £58,398,000 → £142,774,000

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